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Mr Watkins completely underestimates the greed and lust for wealth of those in power - the oil will most definitely flow as soon as a means of pilferring is established.
Turkey is shouldering a huge burden in recovering from that horrific earthquake a year ago, so they deserve a break in paying off the fine, surely revenue from the pipeline is in their interests ?
Isn’t the game being played here (as previously):
The BoD vote to buy back shares using a chunk of our working capital, then place them ‘in treasury’ and at the next opportunity - self award as ‘bonuses’ among themselves ?
Like taking candy from a baby.
These shares are never cancelled, and therefore the SP doesn’t rise proportionately to our benefit.
Neat trick.
A few positive signs bubbling to the surface there then… we’re in a bit of a war zone at the moment, but that will pass and as soon as it does Spring is coming for our SP too.
Ian must know the nitty grittys of what really has gone on hereabouts - leaves a bit of doubt as to why now ? Can’t wait for the book.
Miss Kimberely was a bit of a mystery as to why she was there and what on earth she did for us over the years. Presumeably not a lot.
The conundrum that is GKP rumbles on…….
I recall reading that the Barzani familly have recently registered a new company to find, produce and market hydrocarbons…..
If this dips any further - they may well a ready made producer for a fire sale price.
Could they swing a compulsory purchase ?
Iraq seemingly accepts the IOC contracts with Kurdistan - thus won’t be inclined to pay their debts for missing payments I suspect.
I guess Baghdad will prioritize auditing where the loot from the sale of our oil donations evaporated to - and going after them first ?
Things feel nearer to oil exports starting again soon.
Erdogan has splashed out $Billions on 40 new F-16s and upgrades to his existing squadrons.
Prioritized his budget spend away from his debt to IRAQ (payment of which may have found its way to reimbursing us struggling IOCs).
Could MA just be an interim safe pair of hands until we are taken out at these low SPs by a serious, dynamic IOC who will inject new life into the management structure of the Company ?