Member Info for highlander1970

"What would you have the board do other than restrict spending until reimbursement is more timely?"

Diversify
Create another revenue stream outwith Kurdistan to guarantee survival of the company.
Once KRG realise that confidence is being lost and the money being earned in Kurdistan is being spent outside instead of being frittered away in dividends (most of which I suspect goes to members of the KRG) then the landscape will change.

Why should/would the company spend money when the company is not getting paid consistently for it's product?
If the KRG were to actually pay for it's dues on time and in full then the company would gain the confidence to get after the drilling it needs to.
They cleaned us out once already, no need for the company to allow it to happen again.

How many payments were received for the last 12 month's invoices?
What are the feckless BoD doing to resolve the payments (or lack of!) issue?

That snake deserves everything he is going though right now and more

If the masters aren't paying then we can all forget about dividends
Ask the BoD what they are doing about it

He was also involved in the demise of Afren
I reckon that FCPA would most likely like a word with him at some point as well

"Who gave that other field we had away for free?"

The Ferret have them 10 million to take it off us

Will there be 12 payments for the year?
Or not?

"We should be pushing for more detail on the 2022 capex costs and their impact (or lack of it) on 2022 volumes and why."

I have been calling for an audit for years, it is IMPERITIVE that an independent audit gets carried out on GKP BoD spending. It is out of control and there is ZERO progress for the hundreds of millions of OUR money they waste.
These thieves in the board room need to be brought to task.

I will believe it when the law is actually in place
It's not there yet

How low will they take it this time?

Apologies for typos, thick thumb and small screen syndrome

Last time I checked (correct me if I am wrong) to he directors share price average is around 14p
Of course they could manufacture a sweetener for themselves but Lansdowne is most definitely a takeover target once the LU is signed and/or Ryan is binned

Nice to see some positive movement for a change. I reckon that large trade would have been worked for a while.

Being as the govt said licenses would be honoured, I do now think the Bey and Logp now need to take it down the courts route.
Ryan is a total eco loon and these type of people should never wield any power.

Ferrier voluntarily swapped the debt for equity a year before the debt was due to be repaid. He then wrote down some of the debt that was owed to GKP (around $400m if memory serves). He also paid to get rid of our other licenses and then put in place handsome multi year rewards for BoD for "saving" the company. All whilst not collecting the receivables when there was route to do so.
It was an active BoD CHOICE to screw the shareholders.
The stock price is at 2p by deliberate action of lining their own and their masters pockets.
Looking forward is fine but you always have to check the rear view mirror

"the share price could look very different by Christmas."

It needs to.
Being stuck at just over 2p is not good
The hapless management are out of their depth and are failing to increase value in times when the product they produce is in huge demand.
Sack them and get some real oilmen in their place

Makes no sense

Opec+ are cutting output by 2M per day

https://oilprice.com/Energy/Crude-Oil/OPEC-To-Cut-Oil-Production-By-2-Million-Barrels-Per-Day.html?_p_c=1

I wonder where Ireland could get some oil and gas in the near future??

Are you listening yet Ryan?

none of the current board will give interviews like this one

https://www.youtube.com/watch?v=vtQ3dQVt_Gs

This was when they had recently discovered Shaikan

But surely the green companies selling their energy at market rates are sloshing in cash as well?
Why aren't they getting windfall taxes?