They need to soon. For GKP with KRG getting budget payments , next year at 40k a day is some 300m in revenue plus the 20-30mill owed from 2014, throw in back costs and/or any asset sale and the GKP business model looks good. O&G law and were gone!
How you working that out? We are producing 23k bopd with a third going to local sales, local sales giving more revenue than exports but only because cost oil has not been included, the difference mainly being the trucking costs . However local sales don't qualify for capex back costs I believe.
Yep seen that a clever way of saving money as a rns is not that cheap,every little helps as they say.But on a more serious note i think the bod are starting to get things right you will be amazed how quickly sentiment changes with gkp gla...
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