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Putup prefers to work with the MNR rather than throw a tantrum.
Theoryman states that using someone else's failure to stick to a contract is no defence to doing the same.
hence, why shareholders continue to get shafted and why the share price is 1.5p old money.
Theoryman, thanks for your explanation of the design of a PSC but if the MNR hasn't kept to their side of the PSC how can we be expected to keep to our side of it?
So, if I'm reading this correctly we chug along at 55kobd indefinitely (lovely) and let our T/O IOC or other/s solve the gas issue if we are required to produce more.
putup, never in a lifetime did I expect to praise you for a post that is an excellent summary of where we are now and your thoughts as to where we should be in the future. My thoughts were along those lines in my head, but I didn't have it as articulately as you have presented it. Of course, my previous post was tongue-in-cheek but I didn't think gas reinjection was something that GKP would be involved in alone given the capex involved. I would also be happy for them to chug along at 55K bopd for the next 5 years because I will be lucky to be here beyond that (age related!).
The only gas issues are those emanating from the bashers orifices.
A dividend in the hand is worth more than two in the buyback IMO.
PUTUP, thanks for proving you’re the POS I always thought you were.
Damn, wanted it to go below 1p (old money) before topping up but no matter, I will save plenty on Capital gains tax.
I remember Cove Energy getting a battering on the share price and wondering if I was being a total nut case continually topping up at the lower prices and then.......yes! Happy days.
Who cares what you do and don't expect, I want facts not dross filling the share chat. Stop trying to make yourself out to be the oracle of all things GKP. You clearly didn't like SM but you're just as bad. Take a look in the mirror.
You're getting as bad as SM with your predictions. Please put IMO after your unqualified predictions in future.
Thanks for sharing this, food for thought and a real eye opener for me. GKP's saving grace as oil demand is reduced for refining is that their heavy crude can be used for plastics, petrochemicals for synthetic materials and most importantly their low lifting costs.
can happen. I was an employee of an unlisted co over 20 years ago. I decided to take a punt on their shares (min 250) at £4.50/share when I became suspicious of a possible sale when the place was suddenly tarted up and the directors started showing different Asian looking businessmen around the factory. Two months later a sale was announced at £45/share. Of course I wish I had bought more but over 90% of the employees had no shares at all, including most senior managers. I have invested heavily (for me) in GKP but this post alone should not encourage you to do the same.
"We expect it" to increase our production by over 10%....
"Potentially" far more to come.....
"What could be" the largest field in Kurdistan....
Weasel words until proven.
Shaikan still the prettiest girl at the dance until proven otherwise.
There won't be many PI's left at the end... I didn't believe it at the time but it's now looking very likely.
PUTUP, you probably don't remember this because you were probably still at school at the time.
Kurdistan pays $1 billion to Dana Gas, partners to settle London case
https://www.reuters.com/article/us-dana-gas-arbitration-idUSKCN1BA272