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Doubtful that 11700 barrels/ day will cover 6 million a month, Especially at the thieves guild!
The RNS states 11,700 bpd and HKN quoted USD 40/bbl for local market prices. This is about USD 14m in total sales per month. Anyone have a view on what that means as a net cash generation for GKP?
No problem, It’s worth going direct to the London stock exchange at 7ish and getting info directly from there. Click on News on the Home Screen, then RNS, always select private investors then asked.
Morbox
Thanks for the Link to the RNS
Very much appreciated
Cash balance as at 8 August 2023 was $80 million with no outstanding debt.
Owed $150 million.
Selling 11,700 bopd.
So...... yesterday was just market bullsh*t...!
Fantastic!
Sounds sensible
Https://www.londonstockexchange.com/news-article/GKP/operational-corporate-update/16075839
No one knows, as I said last night this article is probably another load of cr@p.
Can turkey cut of the water supply to iraq completely!!
If they can they should ASAP an eye for an eye I would ..
No deals with turkey either so all this friendship was lies !!
Erdoğan definitely isn't visiting Iraq anytime soon ..
So what now for turkey and Kurdistan?? Can turkey allow oil to flow again and tell Iraq to do one .Iraq has gone back on any promises so what could happen nothing I suppose.
Kurdistan does become independent.
Kurdistan can't carry on with no money that's obvious.
So there we have it in black and white iraq doesn't want oil flowing from kurdistan!!
But deep down we all knew this..kurdistan is fooked
According to the E.U. source last week, Baghdad has no interest whatsoever in agreeing to any of Turkey’s terms. It also has no interest in Iraq Kurdistan resuming its independent oil sales either. “On the one hand, independent oil sales jeopardise the oil flows that are meant to be sent to Baghdad to sell, so there is no upside to that for the FGI,” he said. “On the other hand, Baghdad does not want the oil either, as if [Iraq] Kurdistan resumed full production it would put it [Iraq] over its OPEC+ quota,” he added. “As Baghdad does not see an independent Kurdistan in the future of Iraq, it sees the best solution as keeping the independent oil sales stopped and the Kurds financially paralysed,” he concluded. This view finds further resonance in a statement late last week from Iraqi Prime Minister, Mohammed Al-Sudani, that Baghdad has drafted a new oil and gas law that will unify regulations in the industry in all governorates, including the Kurdistan region.
Mulder 100 percent on twitter fools and Malcy the moron
Basically says everything I've said here since March 25. Crxp.
More lies then?
Is it just me, but after the LSE update last month, if you go from one to another share chat thread, without refreshing you miss the latest post ffs. So ignore my last post!
Sorry this is the link for a year ago article by the same guy
https://oilprice.com/Energy/Crude-Oil/All-Hopes-Are-Dashed-For-International-Oil-Companies-In-North-Iraq.html
This article 3 hours ago is a bit worrying, but again no article has been correct in the last 5 months so who knows!
https://oilprice.com/Energy/Energy-General/Iraq-Unwilling-To-Resume-Crude-Exports-From-Kurdistan-To-Turkey.html
Hmmm.... Simon Watkins exactly a year ago......
I think he may be a bit of a doom merchant. How much merit in his latest article? 🤷
ITS A YEAR AGO 👇
All Hopes Are Dashed For International Oil Companies In North Iraq
By Simon Watkins - Aug 08, 2022, 5:00 PM CDT
IOCs get blacklisted from operating in Iraqi Kurdistan.
Two landmark legal rulings made in February by the Supreme Court of the Federal Government of Iraq in Baghdad paved the way for blacklisting the IOCs.
The withdrawal from parliament of Moqtada al-Sadr and his 73-member power bloc has caused chaos in Baghdad.
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Iraq
Any hopes held by international oil companies (IOCs) that the Baghdad-based Federal Government of Iraq (FGI) was just bluffing about blacklisting IOCs operating in the semi-autonomous Kurdish region of Iraq have been dashed. A letter sent on 12 June by Hassan Muhammad Hassan, the deputy director general of the state-run Basra Oil Company (BOC) called on ‘all lead contractors and sub-contractors’ of IOCs working in Iraqi Kurdistan to pledge that they would no longer work in Kurdistan and that any current contracts should be terminated within three months. This has been followed up in the last few days with an order from the BOC director general, Khalid Abbas, to ‘all lead contractors’ that orders them to ‘suspend dealing with the following subcontractors and never invite them to any future works or projects in BOC oil fields as per the licensing contracts signed with your companies.’ According to local reports, multiple oil companies working in the northern Iraq Kurdistan region (including DNO, Western Zagros, Gulf Keystone, Genel Energy, and ShaMaran Petroleum received a letter on 19 May summoning them to appear at the Commercial Court in Baghdad on 5 June), whilst the most notable of the four IOCs blacklisted a few days ago was U.S.-Irish oilfield services giant, Weatherford International, according to Iraq news sources.
ONE YEAR AGO, NOT YESTERDAY. 👇
https://oilprice.com/Energy/Energy-General/Iraq-Unwilling-To-Resume-Crude-Exports-From-Kurdistan-To-Turkey.html
Also a shame that posters like the idiots on Twitter have for over a decade posted highly misleading statements pretending they have inside knowledge of what is going on behind the scenes, slam dunk takeover, £8/share Exxon etc etc.
The fool Malcy has also once again been found out to be clueless and caught with his pants down, even as a 'oil consultant/insider'. He has been consistently wrong for over a decade now with his buy recommendations on GKP and Genel.
Some crazy action today genl and Dno down 5% respectively.
Gkp was 24% and ended 18% so what was the cause ?? HKN report come out yesterday so today makes no sense .
Gkp only IOC with zero debt and cash to last for another 12 months .
Massive trades today which isn't normally seen so what's afoot here ?
Lots of stop loses hit when they took it down to 81p so many Private investors got sold out ..
Someone definitely hoovered them all up .
Todd did say there won't be many left when the real actions starts .
Can you imagine Erdoğan going to iraq and agreeing to open the pipeline next week
An investigation would have to be done by the FSA surely.
Let's put the main point and fear out there. Something the short sellers are praying on. Iraq and the Central Government want to seize Shaikan and the other IOC's/oil assets in Kurdistan for themselves. They believe the Kurdish assets of GKP, Genel, DNO, HKN etc are illegitimate and ill gotten, after all this was only after the west invaded - parallels with Russia and Ukraine? - and they will do their damndest to seize their assets and make their contracts null and void.
Sudani has turned out to be a two faced barsteward and the rest are just incompetent, corrupt clowns who certainly do not have the best interests of the country, economy or foreign investors at heart.
It should not take 5 months to turn a pipeline back on!
Billions in lost revenue yes but Sudani and Baghdad are looking at the long game. The people do not matter to them. Lies on top of lies.
What kind of news ,if any has crossed your mind? Defaulting would be a bad news ,but there is no debt,if there was bad news regarding the contracts etc. all of the parties involved would have suffered the same fate ,I am talking DNO,Genl etc.So what bad news?It was violent price action, something like this is to be expected when the company have slashed dividend or has made public offering.Do they need to issue more stocks?So many questions but so little answers.
"There won't be many PI's left at the end."