Member Info for highlander1970

Jaap Huijskes is neither incompetent nor stupid, he is complicit.

Gkp costs per barrel are $35.
Hence the zero cost invoice issued earlier in the year, this myth that cost are circa $3 Is an out and out lie by the bod.

Get rid of Ferrier and his cronies and replace them with someone willing to work for shareholders instead of against and then these numbers will mean something once implemented.
Under his tenure, GKP have lost billions of dollars and he should be held to account for it.

Well aren't you lot a bundle of laughs!

the key takeaway from that article is this sentence:-

"already agreed Barryroe farm-out deal — which will see a consortium including Norwegian company SpotOn Energy and oilfield services giant Schlumberger buy control of and develop the project — should be formally completed by the end of October."

If they are buying a controlling stake then LOGP will be a benificiary of that which normally includes some cash coming in, how much remains to be seen.

still implies a breakeven price way above the fabled sub $3

"sub $3 lifting costs"

When the Ferret doesn't issue an invoice for oil sales because it was below $35 implies that the costs are actually $35/barrel and not the lie of sub $3

The very fact that Bramhill is being exolted here is an indicator to head for the horizon with these chancers.

With the amount of shares in issue here, when is the expected financial reconstruction?

What's that got to do with the mismanagement of GKP?

No

My view is that share buyback is a waste of company funds when GKP are not getting paid consistently and have debt on the books which has to be repaid.
The BoD need to bring value to the company, not devalue it further by wasting what funds there are.
55k production needs to happen in short order and the company needs to chase the outstanding funds owed before it gets lost in the mists of time as has happened too often on Ferriers watch.

Sorry, that was directed at tom247

I don't believe you

SS

"There was a 40 page document that was used in private evidence as was deemed too sensitive for public consumption."

Which part of was not released for public consumption do you not understand?

"There is not a 40-page document from the Excalibur trial"
Liar

There was a 40 page document that was used in private evidence as was deemed too sensitive for public consumption.

It always was bullkaka.
Boys playing at oligarchs.

Release the 40 page document from the court case if there is nothing to hide

ERCE are part of the Barzani network, there would have been/will be no option to use another

I'll go for $6.8M net to GKP (if they pay)