Facts are: we have a shed load of oil, probably biggest discovery on the planet in 50 years. We can't get full value out of 25 year PSC FDP for KRG. GKP lacks funds and expertise to do this. Common sense tells me: KRG needs a major to take this on ASAP as shaikan will be a major contribution to their bopd and independence from Baghdad. The will want a good benchmark price for their jewel in the crown and won't be giving it away for a pittance. The current share price is irrelevant. Suitors will be discussing the value of the assets, not the current sp and saying "ok we couldn't possibly pay 12 times multiple of share price in April!". This will be taken over. And at a serious muliple of today's sp. a bidding war will help. I am still hoping for £8+.
Regardless of anything what the doom and gloom merchants say, we are sat on a massive oil find ,if we can't manage it ,we mothball and sit on it until the right offer comes in ,any of the majors alongside us in Kurdistan could use us and make money whilst developing their own sites ,everyone expects our BOD to be notifying us everytime they fart ,unfortunately people need to remember business isn't like that and trust these people after all we are where we are because of them,be it share price or oil find,I'm intrigued just what is the average price per share across the whole shaboot nicki minaj (said you as I think you are the one who champions this to its true potential valuation )
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