We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
@Straycat - did you miss the very last sentence?
'However, the continuity of local sales remains uncertain. '
What a strange and revealing question.
Because the pipeline closing or opening and/ when is irrelevant if GKP can't fund the the production.
So cash is King.
And so we need to preserve it.
'Media reports and remarks from Iraqi and Turkish officials indicated that the resumption of Kurdistan's crude exports is imminent'
https://x.com/john78846295/status/1706645834677252161?s=20
As i say i will be the first to come back and congratulate everyone, but the rules of the game are wait for the news, let it spike the pull back then buy, else its just speculation and effectively gambling.
Its looks cheap but anything can happen and it can go a lot lot lower....
TZ yep. The pipeline news flows suggest there are only a few days left to get positioned. There will be a lot of volatility. Hard to say where all the dips will be at but plenty of opportunity
Whats the accounts got to do with the pipeline being open or not?
Newdealz. ,
So you don't think I'm dealing in facts do you?
You mean like the unaudited half year accounts?
Explain. Please do.
I'm all ears...
Flyinghorse1 exactly I couldn’t agree more with what you have said, hence why I have bought more today
Have to question why MMs are dropping the price by 10% when there are more buys then sells. MMs only care about getting high volumes as they take a % cut of trades. Only explanation is there must be a large buy order at a certain price and they are keen to fill it. So they dip down for the stop losses pick up the shares and offload to the buyer. Nice business eh?
Just look at the number of buys
MM shaking everyone out
@straycat - stick with the actual fact mate, nothing has changed re the pipeline, shoulddo coulddo mightdo, but this but that but......no pipeline still closed.
Doesn't take them long to walk it back down , hold and wait for double you're money once the exports have re-started.
Just bought more shares on the drop, lots of people are going to get caught out when the news of pipeline is announced and then watch all those who sold regret, when they have to buy back 200p+
Agree, always best to keep some cash on the sidelines to buy the dips like we are witnessing, can swing back up 5-10% at a drop of a hat,
That is a stupid post.
GKP are owed $151m net as per their half year statement.
Why are you repeating PUTUP'S narrative dictating more PSC detail which has nothing to do with the RNS reported in GKP's own financial assessment?
You know, the one that every shareholder has read. and responded to by their investment decisions.
Accounting fact as opposed to PSC mechanics. and bb manipulation.
As I say, stupid post.
Tell PUTUP to give you more prep and a better brief...
Dont you all get tired of trying to justify your childish ramping? lolol
Some more £1 shares, be rude not to just over £3K , will wait for the re-rate before the year end is out and pipeline back in operation
@Straycat, I don’t think there is anything that is NOW being held back from the KRG.
Originally when the oil was being sold by filling tankers, GKP took the gross payment up front on behalf of the GKP, MOL and the MNR.
GKP took its 36%, paid MOL its 11% and was then left with the 53% that should have gone to the MNR.
At one stage some of this money was NOT transferred, some of its value was delivered in kind though as oil, probably IMO almost all of it. Again, IMO, that payment in kind will have been completed. The PSC gives the company almost zero room for manoeuvre in terms of withholding anything.
(At the time I did express disbelief that the KRG would willingly allow significant value to be withheld in any form or GKP would be able to justify doing it. The Royalty and Gov share through the PSC at the top end of the flow chart are sacrosanct. The only leeway would be near the bottom, GKP as lead contractor withholding payment from another contractor which just happens to called the MNR :) )
Every year there is an RNS which details payments from the company in cash or in kind as barrels of oil, so it’s nothing unusual.
Once the oil is going to the refinery the payment mechanism changed. GKP will have got 47% of the gross, kept 36% for itself and passed on 11% to MOL. It will not have had any access to the other 53%, that will have gone straight to the MNR.
The KRG still owe GKP $151 million and GKP has zero (cash+production) that they are holding against that debt.
Lot of volatility in sp. Massive volumes yesterday. Much lower today but still more buys then sells reported. Institutions won't buy in until pipeline news is confirmed. So in the meantime shorters will play using bots to control the prices. Brave will buy in dips and some point there will he a squeeze.
90s incoming a lot quicker than I thought !!
33kbopd or even 60kbopd is totally irrelevant when the shorts pile in and take control of the stock ..
On and on it goes
How easy it is for these clowns to rob people. Release an RNS, release an article.
If they knew shxt was about to hit the fan they can so easily get out.
Does anyone have the current ownership information?
Straycats are often castrated particularly if they threaten dangerous action!! No way should JH risk alienating any of the actors in the region unless it is in concert with the other companies and then only as a last resort. Patience has won in the past and is again the approach with the best chance of success.
" Wish I have more money to buy. RNS was positive yesterday.
Going to take a risk and go all in for the long haul."
You have got no more money, but your going all in!!!.............how does that work?
Wish I have more money to buy. RNS was positive yesterday.
Going to take a risk and go all in for the long haul.