Member Info for gyp8

Come on then Taff. What was the Shamaran deal THIS WEEK? Who paid the KRG ? What did Marathon Get? Did they have to act to get $ owed to them? and who had to help pay them what they were owed? These are basic questions, and while your so on the ball? Are Taqa or Shamaran big enough to develop Atrush?

SS, With respect. But first let deal with that Nat Taff the clown, do the research and know the geo political issues then comment. SS, I am not referring to Baghdad, its much bigger than that. Yes the squabbles have gone on since Hawrmi arrived and started filling the pockets of the ultra rich in the UK, USA ISREAL etc. I would say on P1 and P2 reserves in Shiakan they are well out, I would treble them myself. The key parts are how on earth any Board would give away assets , that shareholders paid for, not the debt that was placed on the company by Capital MG and HNW's who stood to gain all. Make no mistake, SA is a prize that is far superior to SH IMO, and if you know the key players in the KRG PONZI scheme , then you will know it involves members of the INC ( IRAQ NATIONAL CONGRESS) Based in London and DC area. This gets overlooked by everyone, and it should not be. Don't believe all the London UK Iraqis who supposedly fled Saddam are not filling there pockets with Hawrmis help and there new mates who appearded since ISIL arrived. This Ponzi Scheme as at its heart to many Dual Passport Holders and the Kurd people and Iraqi's are getting fleeced. For the sake of not being accused of being unfair, I had no time for TK bonuses of wages, but he did not do what this shower of crap have done. Now, lets put some things down that hopefully will make the rational people look further. SA , GKP must have sorted out Unitisation and must have secured future oil rpoduction from it, as I can assure you Genel have got minimum of 25% of oil that gets produced out of several PSC they relinquished . BB block is not a dead duck either, neither is another 3 near by, Barda Rash is not dead either. While Duffy is about, maybe Duffy can say what the BIR % is the KRG hold on Atrush? I am sure Duffy would have studied the increase in Shamaran and that dreadful loan business of $22 million that brough exactly what for the KDP ? On regime change, iyts much bigger than you are indicating by looking at Baghdad, and it as a massive impact . Finally for Taff, when you can see beyond the end of your nose and see a bigger picture than you think , then come back, because at this time you are so far away from the bigger picture its scary you are not able to see it

We are at crosspurposes, I am talking a different area of Financial dealing and Kurdistan is part of Iraq, this about Regime change in the ME which wont work and the UK TRump KSA ISREAL will get there bacjsides kicked into space and so will Igor Sechin become collatreal damage

SS, surpised you did not follow up previous post. When I referred to Oil Industry experince , it was nothing to do with any other poster. The issue you dont grasp is this one, it sometimes takes many years to get people prosecuted in the UK, but sometimes the evidence that is needed that the UK does not like , is provided from acrosss the pond and forced on the SFO . https://www.telegraph.co.uk/finance/newsbysector/industry/engineering/8343965/Mabey-and-Johnson-director-David-Mabey-jailed-over-Iraq-bribes.html

You cant chnage the politics in Kurdistan. PUK/KDP will forever control Kurds and IOC's Rudaw newmedia is owned by the KDP Bas News is Masour Barzani Kurdistan 24 in Nerchiven Barzani So all news from the above is 99% BS and set up to sway world media, and the KRG have over 400 journalists from AP on ther books and pay them well to Promote there corrupt practices. Remember how the KDP left the Yezhdi people to be raped and killed, took all the weapons from them, and the PKK helped them, but now Barzani best mate Erdogan is launching stikes deep into Kurdistan on the Eastern Boarder and cutting off water supplies to Northern Iraq. Ironic, considering the KDP PUK use Turkey and facilitate the transit of Iraq oil illegally . The US as miliatry basis in Iraq and 70% of them are run by private American /Bristh Mercenary forces all private ones, like Hawrmi worked with in EG Africa. Iraqis of all ethnic origins deserve a beter life, but while corrupot IOC's prop up the KRG and Erdogan the worse it will get. With oil at its current level , Iraq budget deficit for this year was due to be around $10 bilion based on its budget being set on $46 pe barrel, that deficit is now likely to be a surplus of $14 billion, so expowect the 3 named media and Corrupt KDP PUK to attempt to get money from Baghdad, and think how much a legitimate IOC ran by a professional board witha legal PSC could be bringing in and claiming back all its back costs. Shame JF and NZ decided to be part of the corrupt KRG practices and give away GKP assets, without ever doing one thing to defend shareholders who backed this company from the off in Kurdistan. Taff enjoy you 100% profit, but keep in mind, that is peanuts to what GKP did when drilling for oil and discovbering oil, someting JF as not done and to be frank, all JF as done is become Hawrmis bagman

SS You do not need Industry exeprience in Oil to comment , actually its better that you don't have that. Maybe look at https://www.theguardian.com/business/2009/sep/25/mabey-johnson-foreign-bribery

Note the KRG payments $22 million Acquired gross reserves are based on the 15.0 percent working interest share of the property gross reserves. 2Please refer to the Company's news release dated February 15, 2018 for full disclosure on the Atrush reserves and resources.Refinancing the Company: The Company intends to issue USD 240 million of new bonds with a 5-year tenure in order to repay approx. USD 192 million in existing bonds (including call premium and accrued interest) which are due to mature in November of this year and finance the acquisition. The Bond Issue is expected to be completed in June 2018 whereby the holders of the existing senior bonds of USD 166 million will be offered to roll their bonds over to the Bond Issue at 101.25% of par value (plus accrued interest). Bondholders not rolling into the new Bond Issue will be called at 100.75% of par (plus accrued interest). The super senior bonds of USD 20 million will be bought back or called at 100.00% of par value (plus accrued interest) following the settlement of the Bond Issue. The Company will commence a book-building process for the Bond Issue starting today. Pareto Securities has been engaged as sole manager and bookrunner for the Bond Issue. The Guarantee:In connection with the Acquisition, Nemesia S.�.r.l., a company controlled by a trust settled by the late Adolf H. Lundin, (the "Guarantor") has agreed to undertake the Guarantee in exchange for 18,750,000 common shares of ShaMaran as fully paid shares subject to obtaining all requisite regulatory body approvals. As the Guarantor is a "related party" due to its shareholdings in the Company, the provision of the guarantee is a "related party transaction" as defined in Multilateral Instrument 61-101 � Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9. The Company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101 and TSXV Policy 5.9, in respect of the transaction, contained in sections 5.5(b) and 5.7(1)(a), respectively, as the securities of the Company are not listed on a senior specified stock exchange and at the time the guarantee was agreed to, neither the fair market value of the guarantee, nor the fair market value of the consideration paid to the Guarantor for the guarantee, exceeded 25% of the Company's market capitalization. OTHER This information in this release is subject to the disclosure requirements of ShaMaran Petroleum Corp. under the EU Market Abuse Regulation. This information was publicly communicated on June 4, 2018 at 2:30 p.m.Vancouver time.This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the U.S., or in any jurisdiction in which such an offer or sale would be unlawful. The securities described herein have not been and will not be registered under the U.S. Securities Act of 193

Suggest Investors have a read and digest full facts and not the gloss work . PRESS RELEASE PR Newswire Jun. 4, 2018, 05:30 PM VANCOUVER, June 4, 2018 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce that it has entered into an agreement to acquire a further 15% working interest in the Production Sharing Contract � Atrush Block, Kurdistan Region of Iraq dated 10th November 2007, as amended from time to time, (the "Atrush PSC") and certain other assets from Marathon Oil KDV B.V. (the "Acquisition") for USD 60 million, subject to final closing adjustments. The Acquisition will increase ShaMaran's working interest in Atrush from 20.1% to 35.1% and therefore its share of Atrush production, reserves and resources will increase by 75%. The Company intends to issue USD 240 million of new bonds (the "Bond Issue") to refinance USD 186 million of outstanding existing bonds and finance the acquisition. View PDF Version. Chris Bruijnzeels, President and CEO of ShaMaran, commented "Marathon's strategic decision to focus on the U.S. resource plays and the fact that ShaMaran already has an interest in the Atrush block, has created this unique opportunity. ShaMaran and its major shareholder, the Lundin family, are committed for the long-term in the Kurdistan Region of Iraq and see great potential in the Atrush block. Following the close of the Acquisition and Bond Issue, we will have successfully taken measures to deleverage the Company by adding additional assets which far exceed the increase in bond financing. This deal significantly strengthens the Company's financial position, helps to pave the way for further new opportunities and gives ShaMaran a solid platform for building an exciting future!" The Acquisition: The Acquisition, with effect from January 1, 2018, includes a 15% working interest in the Atrush PSC as well as USD 21.3 million in loans provided to the Kurdistan Regional Government of Iraq ("KRG") which fall due over the 22 months beginning January 1, 2018. Based on the Detailed Property Report at December 31, 2017 provided by McDaniel & Associates Consultants Ltd., the Company's independent qualified resources evaluator, the Company estimates to acquire15.4 MMbbl of gross[1] 2P reserves and 44MMbls of gross best estimate Contingent Resources.[2] The Acquisition is conditional on the consent of the KRG and of Taqa Atrush B.V., Operator of the Atrush Block and holder of a 39.9% participating interest in Atrush, and subject to certain other closing conditions including regulatory approvals. As part of its consent, the KRG has requested a guarantee of the Company's future commitments under approved Atrush work program and budgets through year 2020 ("the Guarantee"). The Guarantee is provided by the Lundin family trust through the company Nemesia S.�.r.l

Taff. It matters not, what Oil GKP have , the key point still remains is since the shag started on there ill advised adeventure and hatchet jobs on CPR.s , the result was designed to take the companys SP down and pass the shares to bondholders. The correct path now will be for Iraq to remove the KRG from selling oil, and setting the new oil contracts in place. Only problem now is sadr as taen Saudi money to try and shape Iraq, and the fraud on voting that as occurred , which is a result of the voting machines being set up to favour some groups. The KDP have over 300,00o fraudulent votes, and the PUK 275,000 fraudulent votes. Only way to change it is a new election and not using Korean voting machines that were rigged. GKP is a vehicle to enrich the few and the ex forces people and pansis who work with this Tory government

PIP is a ducks backside full of pure carp like his mates

Taff. GKP have majority share in one Oil PSC, nothing else. No other assets, and its entirley feasible the Courts in Baghdad can rule against the Master Gangesters in Irqq Kurdistan and the UK aides they employ. Suggest you look at DNO asset base, oil production, PSC terms and tax , CPB, ect. You might feel quoet sick when you wake from the slumber and note you hold shares in a Ponzi Scheme, that was a IOC until JF and NZ did Hawrmis dirty work. Remember you have at present an investment in a Lame Donkey with one eye, that gets about by having one of Hawrmni carrots dnagled in front of it with a stick and holding the stick is a bible basher of ill repute

For Zahawi to face action , it will mean atleast a further 170 conservative MP's and 55 labour MPS, 3 SNP MPS. Zahawi could well face action in the US though

SS. There are over 700 KRG firms listed offshore, they all link to to Companys and they are not hard to find and subject to monitoring by regulators. Keep eyes on Lundins dirty games and new companys, of which GKP have a Lundin person on there board still. Its not all about GKP, its more about people and there Ponzi scheme, no winners , only losers , as Kurd KRG crooks carve up known oil fields to fill there own pockets. GKP board is an embarrasement and it should be delisted off the LSE. All bond games with JF, MD, SQ, NZ and using the requirment to get to 55,000 bopd, which can be hit today if they want. Problem is investors actually have no idea what oil is produced, there are no metering stations . It was noted a company the Lundin trusts selling shares in one of Lundins companys and to another Lundin company. IOC's operating in Kurdistan , churn shares in IOC's and GKP dont report transactions unless the share transaction are reported to them, which basically means, GKP have no oversight and nobody or regulator in the UK will do anything. Those shares that were moved to another party, should be registred no later than Tuesday 5th June. GKP dont need to raise any capital to get to 55,000 bopd . What the board of GKP should have done by now is published the ammended PSC and it should have been produced before the Bondholdrs were given 85% of the company, published the ammended PSC before the new OO shares consildation, showed in black and white the TKI 5% was in GKPI . Nobody or organistaion can argue with that, its impossible to

TSC, They wont get there heads round it. Tacconic just a vehicle used by others for a purpose Seem to recall RAK, using similar vehicles, but more to the point why did Hillwood ( Ross Perot" have a need to set up a UK registfred company and dissolve it , and it was down to be dissolved on Feb 2018 2 weeks and linked to a certain MP Did the disoloving of Hillwood fit anything or date , why was it only set up for short period https://beta.companieshouse.gov.uk/company/10934111 Oddly enough on August 10 2017 a company was set up in Delaware USA called "Kurdistan Energy Partners" that has UK KURD AND US people inside it.

Large sell? Tatonic picked shareS in D4E, they could have held them for ? THEY COULD HAVE TRANSEFRRED THEM IN A SALE PROCES WEEKS AGON AT A PRE DETRIMNED PRICE Cockeye. You need tgo brush up on your politics and Kirkuk. Kirkuk as never ben Kurdistan, they wanted it they siezed it and used its oil to pay IOC.s from 2015, no IOC was paid with oil revenue out of the kurdistan region between July 2014 and Novmber 2017 Note how the Resident Kurd MP who wears many hats in Kurdistan IOC's asince 2010, hopped off the board the minute Kirkuk was liberated by the raq Army for the thieves of the Ruling mafia familys in Kurdistan and How sevral high ranking Kurds fled to the US and UAE with over $500 million. Russia coming in, the3y have an agreement to buy Iraq Kurd oil till 2019, and at present every drop of oil sold by the KRG to buyers will be taken off the budget the KRG would have got and that means Kurds suffer, while GKP board members rifle the company accounts for massive payouts. There are recounts in Iraq on the elction TAKING 10% OF ALL VOTES IN EACH REGION , all expats votes are not being allowed and the two parties complaining above anyother in Iraq are the PUK and KDP. Electronic voting machines have been found to have been rigged in Kirkuk, Dyilia, Ninewah,Erbil, Dohuk, Sully and najaf so far, Dont expect to see a PM elected soon, and it may be Adabi who gets that role, but one thing is certain invest in Kurdistan ????

With regard to casting shadows over new investors and referring back to 2012. There is a distinct difference 1) Since mid 2015 the make up of GKP board changed , and has no relation to 2012. The big difference is when this share became a Ponzi Scheme, which means shares traded between people off the market to make sure II's and HNWI's could get hands on bonds , which in turn gave them priority of number of shares they would recieve for the bond . nothing at all to do with price manipulation. The board choose, yes choose, to give away the assets and not collect monies owed , this failing shareholders. the biggest shareholders and richest traded off board to gain bonds, knowing they were in a position to do so. That is a Ponzi Scheme? Nothing to do with price manipluation. New shareholders should be aware that when a company as been embroiled in events since mid 2015, the only long shadows relate to that period of Mid July 2015 onwards, and the II's who always argued for debt over new shares issue from 2011 onwards, and those II's with others certainly helped shaft the ordinary investor, and as for new comers, if they make profits, then good luck, but the result will be the same again, as when the board went on the big give away in 2016 and still as no ammended PSC aand a leading II's led the negotiations with bondholders to benefit and assist the in the Ponzi scheme?.

Any offense I caused I apologise for as always, and your views are yours, and it does not change facts. Facts like DANA had won 3 leagl cases against the KRG Theives and got the case from Arbitration into court where details could be made public and that is why they had a MP ON BOARD, and why they enagded new board people to avoid litigation that would have protected every shareholder, by virtue it was already ruled on that the KRG failed to pay for oil produced and DANA emphasized that and when the KRG tried to go down Sov Immunity route it was also dispathched by the court. GKP held a full deck of cards and acted the way did for whose interests? Not shareholders, but bondholders and the board did not even have to pay the bonds back in full at that time and only owd the interest and were advised to pay the interrst on the coupon in 2016 by people who have worked in Kurdistan, know it better than you and know how to handle the KRG and have handled them. The peshmerga are one of two militias groups, they are owned by personal family of ruling mafia's. I dont hate the Kurds, I despize the KRG and the feckless GKP board, but then I have not changed that view since 1989 on the Ruling Kurd familys, as the KRG did not exist till 2005/6, as until that time it was IRAQ and the problems were that bad in 1996 with barzani pesh? acting with Saddam and murdering other Kurds, at that point, the Northern administartionof Iraq was seperated into two regions - to be clear here, that happened as a direct result of Barzani working with saddam against Kurds killing kurds with saddam hussien. Now befpore you say I biased, I hold the same view now as I did then, and that is this, Iraq cant be run by any mafia, it cant be run by bent KRG or UK based Iraqis politicans or Irqi based UAE politicans, Stand by UN law on Iraq and IPT law on oil transit by pipeline out of iraq kurdistan as illegal and you cant be unfair . I dont have time for Iraqis that play the same game and hide in London , DC, Dubia, and hold them to the same standards. Stop assuming i hate all KRG, as I supported the Speaker of the kurdistan parliament right to enter parliament in Kurdistan, and he was right, Barzani family of thugs , murderers stopped the other members of parliament holding to account Hawrmi, Barzani and Talabanis, and all because they have more to hide than YOU ASSUME. Debates, we can have any time, but doint twist my opening post, and negate the money owed by the KRG that would have prevneted and bondholders sell out the worst in history , based on the facts of what a company was owed and never soght to use litigation that was laready proven and would have stopped bondholders and the krg dead in there tracks. Petulant, no, argumentative, no, debate and vehmently dissagree yes.

Indrid, You seem to want to pcik out parts that suit you. 2014 you would not have a clue about and I was not changing the point from 2016 at all. 1) Clarity is simple, GKP accepting DNO offer would have given GKP access to wide exposure and the �1.00 I was on about in 2016 was not made public , but I take your point on the resturcture ofer and did not dispute it 2) tHE STATMENT i MADE AT OUTSET ON THE BIGGEST GIVEAWAY, IN HISTORY TO THE BONDHOLDERS WAS MADE IN THE CONTEXT IF YOU READ IT, WITH THE FACT THE KRG OWED OVER �500 MILLION AT THAT TIME. " Since JF as been in GKP with the hidden from mp, they have given away the largest number of shares to bondholders in a UK companys history, instead of chasing what GKP were owed in excess of �500 million from the KRG MNR Thieves Note the �500 million, when that statement was made, of course you ignored it did you not?" You should have taken into account that statement made and you choose to ignore it, which was you mistake when comparing XEL. 3) I made the point on XEL and GKP OIP, and proven reserves when you brought up XEL, and simply highlighted the facts you could not compare the two , as XEL did not have the proven reserves GKP held or the OIP , or money owed. Go back and read the first post I made and put into contet with your reply on XEL. On me hating all thing KRG, or GKP, you have no idea of certain issues and certainly no idea of Regulatory facts and prosecutions, sealed court cases that have been seen, kurds who murder there own people, allow erdoganb free hands to attack Kurds from the air while sellling Iraq oil. Now , todate, I have been fair and not broken confidences on what GKP had been offered in Feb, March of 2016 and how it wiped out debt, and would have been better for shareholders. Re Kikruk, you have an opinion based not of facts on the groud but on some say so by some bent twisted KRG mob, thats upto you, but I dont have to engage in setting it out, Kikrkuk is in Iraq, its listed as disputed territory and under the UN, you say the Iraq army ran away, thats your opinion,,but its not the 100% views of Kurds on the ground in Kirkuk and it was taken back lAST YEAR AS PER international law and un LAW, AND SETTLED IN EARLY 2017 WHEN THE PUK advised they would hand kirkuk back to Iraq . Iraq oil can only leave iraq under the IPT to Turkey, and when the KRG stole it, yes stole it, that comes from not abiding to the IPT with Turkey , Article 55 of the UN, and not paying the 6% and oil revenue into the DFI in NYC under UN law , its classed as tolen oil, and that is fact. Holding my hands up, prey tell me why? Wroing on what, the biggest giveaway of shares to Bondholders ? I stated in that comment at outset the KRG owed $500 million, so if the board acted in a legitamate and legal way and collected the debt, then there would have been no give away to bondholders, so that event would not have taken place. Any offense I ca

CCC. I said SA and BB, SA aas operator and GKP had equal share of BB, and held it prior to Genel energy Jersey. You are incorrect on BB, as GKP shareholder paid for the 40% BACK IN march 2009.

You still have not grasped anything. You quote XEL , I SIMPLY STATED YOU CAN NOT LIKEN THAT TO GKP, and its nondholders or share give away based on the fact there asets did not come close to GKP OIP and if you want to go further the fact that proven oil reserves even if ultra cautious , would not have meant anything. You miss the points on giving away to bondholders everything when GKP had the assets and icome not to give anything away. I dont care about what others think about the KRG, . I am not emotional on the facts the KRG have shafted everyone with the help of this GKP board and there own people. Go away and re think the DNO position in 2014 and the �1.00 and take it in context of what DNO have and what GKP have, what income is generated and look at GKP position, or should I say the KRG=GKP position. You seem to not understand the options GKP had and what the board did, and what was turned down inoffers of help from people who were experienced in Kurdistan already and that is something that is important . You have never considerd the staement made about a board giving away the largest number of shares to bondholders in history when they had everything needed not to do that, plus if you had, you would be questioning whO DID THE NEGS WITH SO CALLED BONDHOLDERS, and QUESTIONING THE MAIN FACTS AROUND THE TIME FROM EARLY 2015 WHEN THE KRG WERE SELLING KIKRUK OIL AND PAYING IOCS IN KURDISTAN WITH ITS PROCEEDS, .. WHENI HAVE THE TIME TO LAY IT OUT , I WILL HAPPILY DO IT AND STACK IT WITH FACTS THAT CANT BE DUSPUTED AND THE EVIDENCE ONCE THE LEGAL RAMIFICATIONS ARE DEALT WITH. Opinions are many, and while I accept I did not give every detail I refer you back to this part. Since JF as been in GKP with the hidden from mp, they have given away the largest number of shares to bondholders in a UK companys history, instead of chasing what GKP were owed in excess of �500 million from the KRG MNR Thieves Note the �500 million, when that statement was made, of course you ignored it did you not? Anyway, I will answer with more detail when I have stopped foaming at the mouth, not emotional, not angry as you say, but when I AM NOT ON THE MOVE TRYING TO TYPE ON A Portable device . You could look at DNO offer pre and post the wipe out by the worst board in GKP history and its vultures.