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Having an influence on Genel, nice!!!! be nice if Genel followed suit?? Buyback shares would be great for the SP
I too am happy to hold and hoping for a broker update.
Although there is no news on ITP and Arbitration, production is up, we are now selling oil in the higher 30s and we are well funded. DNO who operate the Tawke license (DNO 75% GENL 25%) expressed confidence by reporting it is also stepping up investments in the Tawke and Peshkabir fields, by restarting completion of 3 development wells that were discontinued last year as a cost saving measure following the pipeline shutdown. In addition, DNO has deployed its 2 own intervention rigs to conduct routine workovers, including repairing or replacing pumps, zone stimulations and cleaning out asphaltenes among low-cost, quick turnaround production enhancement measures.
Genel didn’t report on this. Maybe they just left it for the operator or they are taking a back seat while oil negotiations continue in Iraq.
Ministry of #Oil: more dialogue needed to resolve contractual and legal problems with oil companies operating in Kurdistan before resuming exports.
Search for solutions with #KRG is ongoing.
An Hour ago
“ Oil companies expect more US visits to Iraq about Kurdish exports”
https://www.rudaw.net/english/kurdistan/110520241
Nice to see this back in the 90,s
Market is liking the update, hope we can move into the 90,s soon?
I’II continue to hold and add on dips. Steady as she goes!
Pretty straightforward, plenty of cash on hand , production steady and slightly better prices than previous.
Court case progressing well
would like to see a little more detail on the Somaliland progress, maybe hear something later?
90,s the next target, imo
Back to 70s...godspeed.
After the short lasting opec hype the other day, reality returned
https://www.iraqinews.com/iraq/resumption-of-oil-exports-from-iraqi-kurdistan-may-take-time/
Hi all, is it trading today? It seems that there is neither volume, nor book
As predicted
Some people losing a fortune buying at high 80s then selling out at low 80s.
A moment of hype off the back of this report today - expect it down again tomorrow
Panicking , GKP rising fast as is Genel,
Happy days ahead , me thinks
And Iraq just been bombed!!!!
And another big issue, outstanding payments, who will pay that?
I think a lot of barriers to overcome and it wont be just a overnight deal and everyone is happy.
lot of paperwork , logistics to be worked out.
Black market is will no doubt be a huge loss for both parties who have enjoyed underhand profits for nearly a year.
Same, companies have enjoyed this off market sales aswell, its just they havent reported it.
So if Genel pass the oil to KRG who then pass it yo SOMO who then sell it on behalf of Iraq and pass a little back to KRG it seems likely that not only will IOCs be producing oil with a huge delay in payments but not much of the cake left for the IOCs who actually provide the investment, the knowledge and the oil!
Time for IOCs to get a better deal or just halt production and call their bluff.
Https://www.kurdistan24.net/en/story/34616-Iraq,-Kurdistan-Region-in-talks-to-resume-oil-exports,-says-Iraqi-Oil-Minister
Not only disputed the legality, they have declared the ioc contracts to be illegal and thus invalid.
Not mentioned very often ... Baghdad does not recognise the current PSCs which probably means a big potential for being shafted .... they have disputed the legality of those agreements for many years.