Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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……. Response only depends only on what’s in it for those in power.
They must be green with envy when they see how wealthy their colleagues in Erbil have become through playing ‘The Oil Game’ with a region’s natural assets - denying the greater population of a share in the wealth, and bullying defenceless IOCs.
"Epicor said its member companies are ready to resume oil exports under current conditions in the interests of the Iraqi people and their partners.
Meanwhile, a source in the Federal Oil Ministry told Iraqi media that the Organization of Petroleum Exporting Countries (OPEC) has officially asked the Federal Oil Minister Hayan Abdul Ghani to allow the export of oil from the Kurdistan Region through the Turkish port.
According to the same source, OPEC has asked the Iraqi oil minister to allow the Kurdistan Regional Government to export 200,000 barrels of oil per day through the Turkish port.
What was the Iraqi oil minister's response to OPEC's request? The source said Hayyan Abdul Ghani has sent the request to Iraqi Prime Minister Mohammed Shia Sudani and is awaiting his response."
Source: hxxps:// www. kurdistan24. net/ckb/story/256626
Anyone know anything about this?
___
🇹🇷 — Rudaw reports that since yesterday, the supply of liquefied gas from Sulaimani to Erbil and Duhok has been fully stopped. A high-ranking KDP official in Erbil asserted, "The obstruction is entirely 100% political in nature."
However, the director of the implementing company, which has close ties to the PUK, refuted the claim of political motives and stated that gas supply to Erbil and Duhok would resume later today.
Source: hxxps:// t. me /AssyriaNewsNetwork/4297
hXXps:// rudaw .net /sorani/business/230420244
Personally, I am pushing back (again) my 'restart of exports' assumption date from the beginning of June until the beginning of September. That brings my model's YE fair value price, based on this and other assumptions including CONTINUITY OF THE CURRENT CONTRACT TERMS, to 204p if arrears are fully valued and 151p ex receivables. Discounting these YE numbers to end April (using my 20% discount rate - likely too low) yields 181p and 128p, respectively. Given the enormous uncertainty regarding receivables recovery I'd weight the ex receivables numbers much more than the others. Obviously, any negative adjustments to the current contract terms would have to be factored in once known.
No surprises. It's not just contracts but FDPs as well.
Roxi moxies of this world all got giddy.
May be we will get an Operational & Corporate Update Report soon, we did last year around about this time
So that was not a pump and dump then - 15% move in two days both ways - joke - been here since the fall and hanging on
The US should cease funding Iraq until they prove an open willingness to grow their economy by attracting further investment and accepting previously signed contracts to encourage foreign trade.
Shafaq reported this morning:
"Shafaq News/ Iraqi government official indicated that the resumption of oil exports from Kurdistan to Turiye via the closed pipeline, inactive for more than a year, faces extended delays as negotiations persist with the Kurdish government and oil producers.
Basim Al-Awadi, the spokesperson for the Iraqi government, said in a press release that ongoing discussions between companies and the Iraqi Oil Ministry are anticipated to be protracted.
This is because Baghdad aims to establish a direct rapport encompassing production volumes, export procedures, and pricing mechanisms.: Al-Awadi clarified, adding that there is no definite timeline for the conclusion of negotiations with foreign oil entities operating in Iraqi Kurdistan."
Forgot the link (doh)
https://www.kurdistan24.net/en/story/34675-Kurdistan-challenges-Iraqi-Ministry%27s-accusations,-asserts-legitimacy-of-oil-contracts
Another article (1 hour ago) base on the post this morning by Theoryman
"Kurdistan challenges Iraqi Ministry's accusations, asserts legitimacy of oil contracts"
Yesterday Iraq and Turkey agreed for Turkey to receive oil resources as compensation for its involvement in the construction projects. Hope the oil transferred won’t count as being part of Iraq’s Opec quota!
https://shafaq.com/en/Iraq/Iraq-to-finance-joint-development-projects-with-Turkiye-from-the-Oil-Fund-spokesperson
Rinse and repeat whilst a lucky few risk selling on the spike.
One day the news will be true and it'll be over £2 in a flash.
I'll continue to sit on mine and keep adding each month , at the current price I'll be under £2 average which itself is a minor miracle after being stuck here for what is it 15 years now?
Caggins\AKIPUR need to inform the ICG that the IOCs (operating under what they deam
to be illegal contracts) have not been paid according to these illegal contracts, and that it is strongly rumoured that the oil being forwarded to Kurdish agents is in turn being sold onwards to sanction breaking countries.
AKIPUR members wish then to have no part in such dealings, and elect to be removed from these illegal contracts.
Can the KRG make the case that Baghdad owes them $15b on account of blocking the oil? SOMO may have the right to sell the oil but it's still Kurd oil and so has to be accounted for.
I’ve not noticed it above but the APIKUR website has a running total, updated every second.
“CUMULATIVE LOSSES TO IRAQ DUE TO THE SHUTDOWN OF THE OIL EXPORT PIPELINE TO TURKEY USD: 15,189,884,829”
https://www.apikur.uk/publications/
I think its important to put a worst case timeline in it TSSZ, for investment /reward purposes. For me that timeline stands at about 16 months, when the current export pipeline to Turkey expires. Then the KRG/ TURKEY and the IOC's can make another and start exporting.
As the company has got its head above water with steady income, its pretty safe in the foreseeable, so I look upon things as a locked in 18month bond/investment with returns at that time much better than I can get elsewhere. That's without any agreement in the meantime. THE IOC's and KRG both know this and I believe its one reason why they are playing hardball.
GKP has now become nothing more than a Pump and Dump share, PI’s need to hold on and be Patient, the problem is really for how long, another year another 3 years
Who knows anymore
Hello Itsaponzi,
1. I see no mention of GKP in the artical, where do they sit in precived "culpability" in this?
2. I suppose the question to be asked now is, with Erdogans visit concluded to bother Iraq and Kurdestan: If Turkey has completed (TBC of course) the visits highlighted focus discussions regarding security and actions against the PKK /Turkeys incursion into Iraqi (Kurdish) territories, water and oil, if the first two have achieved an accord would Turkey have been given favourable terms to receive oil via the planned restart of the Kirkuk–Ceyhan Oil Pipeline and asked not to take anything from the Kurds?
Note: I read on a post that the Iraqi oil is not what the Turkish are currently set up to process? (Not sure how accurate this is)
BUT
The Kurdish goverment must get something from such iraq and Turkey and what support do the PKK get from the the incumbent Kurdish goverment currently.
If they do not the Iran would be the only beneficiary?
Rgds Sft
"In the meantime, the KRG will continue to embrace and promote the rule of law. The KRG will safeguard the integrity, independence, and constitutional jurisdiction of the courts of the Kurdistan Region. The 2007 KRG Oil and Gas Law, and all KRG laws, remain in full force. The KRG will, as always, protect the 2005 Constitution, uphold the 2007 law, and adhere to the terms of contracts entered into in accordance with that law."
Emmmm....could the KRG please, pretty pretty please, point to us disenfranchised shareholders to which Kurdish "Court!?" the struggling IOCs working in Turdistan can refer to in order there dues paid and the contracts signed enforced?????🤔🤨
"Yes the ministry of oil is saying they are ready for export. ", but the question I have is, will the export Kurdish oil or other Iraqi oil? Because last week(s) there were news reporting works on the segment of the pipeline that avoids the control of the KRG.
Had the Itsaponzi’s on this board taken any notice they would have witnessed two recent trades that I posted in advance and live as they happened, two profitable trades that have contrasted with ‘birdbrains’ 90p predictions that have thus far been tripe.
While I don’t see 90p short term myself it would be nice because that price for a share in a cash positive profitable GKP is the volatility that traders thrive upon. So if anyone out there would like to sell @ 90p or less do so when, for once birdbrain might be right, I for one will probably be buying at that price.
This is worrisome, could you share the source, please? I decided to sell this morning. It is bad enough that the pipeline is shut down, I don't want to be exposed to a possible fine/scandal of international oil smuggling and, potentially, briving to local or custom authorities, which is something that oil countries take very seriously.
I like the tone - not sure how helpful it will be, but very assertive. Seems like they feel they're in a corner and need to come out fighting.
"While the MOI publicly refers to that committee as the “Federal Supreme Court”, everyone knows that it is no such thing."
"Those eminent opinions have, quite rightly, been the basis of hundreds of billions of dollars of investment, including a great deal of western investment, in Iraqi Kurdistan."
Translation (?): we've sought legal opinion and feel confident in our case if sent to international arbitration.
Reminds me of this recent article (April 1st, KDP author)
hxxps:// www. washingtoninstitute. org/policy-analysis/federal-supreme-courts-role-iraqs-eroding-democracy
Do you think these initial manuvours for a upcoming legal battle in international courts?
This is now just pathetic and they are acting like children... the situation favours no one. Make a deal and compromise on both sides and get that oil flowing..... the world needs it