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Well so far so good, it held the tree shake first thing, so onwards and upwards , imo
The next RNS and this blows so being out is just plain stupid at this present time !!
1. Payment
2. PSC agreed 👍
3. Targeting 60kbopd by year end
4 Selling legal oil which is the most important IMHO
5. FDL
6. Reinstatement of Dividends.
7. And people are waiting for it to drop back to a quid.
I'm glad my parents bought me up with a tad of common sense.
Baghdad has already requested Turkey to start pumping many months ago. Only question remaining is when will IOCs pump. They want to know how they will be paid given they get instant cash locally. KRG will have to pay on better terms than in the past. Pressure if building and not just in the pipeline.
Shorts are still reporting at 1.2%. Must feel very risky now with current newsflow. Wonder how the exit strategy will work?
J, do you have any evidence to say that ICG has refused to load the ITP or is it that they’ve made no comment makes you think they’re holding back?
Reuters makes no mention of ICG refusing to pump:
Baghdad and Ankara agreed to wait until a maintenance assessment on the pipeline, which goes through a seismic zone, was complete to restart flows while still engaging in a legal battle on arbitration awards.
It's too easy when you control news flow. Lemmings.
Patience from now. Good luck all holders.
ST
J, if this walks back to that level, I’ll be very comfortable as I can top up again. Those shaking the tree, good for them but, don’t get too complacent, when this kite eventually catches the wind, there’ll be little chance to get back in.
Belgrano, the gas play is a very important aspect of GKPs future, IMO. If they can show substantial 2P reserves, this will attract big investment given the desire for greener energy and a need to disengage from Russian gas. The eurozone would be very interested given the proximity. Once all this foolish table bashing is behind us, the future looks very bright.
My game plan here is actually to hold and wait for at least first dividends, when that happens the price will also be north of here so the two go hand in hand.
If we look at the risk/ reward aspect from current position the odds are pretty good, but certainly not zero.
Best stick to your Boo Hoo shares, they need tendering to right now, dropping like a stone
Bet you it heads back to £1
Gkp are no closer to exporting given that the Iraqis haven’t approved
They’ll be back, I hope for their sakes they’ve got a position before the music stops.
Fully agree Swell, another area where Turkey could aid Iraq is in the region of flare gas recovery and export.
We are flaring off our gas, clearly long term not sustainable. Europe is desperate for gas and Turkey is a main consumer.
Give them a good deal and they will come. Just need to demonstrate adherence to agreements and contracts past and present to rebuild shattered confidences.
Hold and watch others take profits
Belgrano,
I do believe Turkey’s obstinance has been overplayed. Their economy is in a poor state and foreign investment is vital to improving economic conditions, by digging in and not even trying to compromise with regard to the court ruling, they’re sending a negative message to potential investors. Iraq is well aware of this and it would appear they’ve turned the tables. This will all be resolved once both parties realise it’s a lose lose, there’ll then be lots of ring kissing and we’ll get back to business.
Buyers out for Genel Too,
Just picked a few up at £1.26 before it takes off to £1.40
Hi all, can someone please explain to me what the last few very large trades are at the end of yesterday 500,000+ offbook
Thanks
Nobody listening apart from All those that know it’s true and will be selling from the open?
This could well go into 2024 which will mean the share price is going lower. Traders won’t be hanging about
When do we expect an RNS from the company?
At first weeks of the holdup we saw Iraq requesting opening of the crude export line, and Turkey not opening their side.
Now it seems Turkey wants to open its side and have asked Iraq to restart crude flow.
We aso know that talks and discussions have been taking place for a while now, with minor leaked reports that progress was being made.
During this hardball time GKP found other markets, firstly trucking its crude and the latest we heard piping it away.
Has Turkey suddenly realised that it may have overplayed its hand so has relented on concessions, now faced with the fact that the longer it goes on the less likely Iraq needs the Turkish export route.
Either way its much better news for Kurdish oilers as it seems there are multiple suitors for its crude.
Normally when that happens the price increases.
Sorry my maths are rubbish I'm doubling it ..lol 54p is about right ✅️.
Onwards and upwards today
Putup receivables worth 54p ?? My maths are rubbish but receivables are worth £125m we have a mcap of £222m so surely that's 105p a share .
Would like to be corrected??
So if a RNS drops and we received all money's £125m gkp would only increase by 54p ...