So, are you thinking along the lines of Kuok connection, hence his large buy in? As £1.20, having held this long from 2.20 ish to 32p ish.... I think Id hold at the bird and look for a very large NEST egg in the long run :)
Well, sooner or later they are going to want paying for munitions etc... So Exxon or Sinpoec... Nighthawk favours far east, Chalkncheese favours far east... just to be different, I am going to go for Exxon as usually the first rumour (albeit years ago now) seems to be the correct one, when the smoke has cleared... So, will it be higher than TK wanted originally? I hope so ! :)
The thing is mate, no income is guaranteed really, and thats still a concern. The second money does start to arrive, the KRG need to start passing some over to oil companies to restore confidence.
My suspicion is that they never actually wanted Baghdad to pay up in full, and the last 9-12 months since Maliki was shoved out on the back of ISIS running riot on his watch, has just been a game of chess, with the Kurds angling for going it alone anyway. I truly hope that they have buyers lined up. What gets me is that ISIS have been able to sell oil to somebody dodgy for millions every day. Theres always a buyer for everything at the right price, legal or not. Still, the KRG need a nailed on, reliable, set in stone, LEGAL guarantee that they can sell their oil for market price. Then, just maybe, 40k barrels of oil a day, will lead to an income, not to mention a KRG effort to finally pay monies owed.
Crunch time very very soon, and the KRG know it. They cant bleed their oil companies dry.
Been a very LONG wait for some here...But finally..a light at the end of the Tunnel...so now if they offer £1.20p for your shares...are you saying no to this offer...and want more money...or a bird in the hand is worht £2.00 in the bush...imo Decisions upon us all....imo
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