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Agreed totally BDC - I guess that the jumble of BoD incumbents is partly due to our period of Americanization which we went thro’ after the GoM incident.
Time to replace most of them with some serious grown-ups.
Is Suella available now ??
Calm down guys.
Just the various versions of blames, avoidancies, historical debts, dues, face savings and private slush fund %s - to sort out between Erbil, Baghdad, Ankra, and AKIPUR and the various factions and families therein to resolve…… and oil can flow (if transport fees can be agreed of course).
Easy Peasy, innit ?
More excuses for delays:
The Oil minister may as well have been looking at the engines of the Starship Enterprise.
I thought he and the others in power were attending a ‘Contracts 101’ course this week……
Quit interminable biscuit meetings to decide who should stump up and pay us AKIPUR members when effort into where the owed $1 Billion actually went to would give a quick fix (and a few red faces when the culprits are identified) ?
The shares “bought back to treasury” by Jaap - were later used to reward him and the team for their stellar performances.
This dripping roast of rewarding for hanging around and bogus bonusing harks back to the days of the original Jon & Sammi show, and should have only applied to that year it was applicable to (not an ongoing annual bonus for subsequent non-performances) - unless it is put to the vote of shareholders annually for approval or rejection …..In my humble opinion.
Maybe put-up can clarify this please.
Poor Murray - he didn’t ask for this, and has done an excellent job in tax and finance roles.
What concerns me more is the quality, dynamism and industry relevance of our BoD incumbents - have a look at them, and then join me in prayer for a swift takeover by a savvy competitor.
FGI would be well advised to transfer their contribution to our missing payments directly to the offended IOCs (+interest due of course)….the balance due from the KRG (+ interest) is another matter - and could take time to recover from wherever and whomever have it squirreled away.
The export and sale of oil has been agreed already via SOMO under the Laws of the National Government of Iraq.
New contracts are legally required with Baghdad, not Erbil.
Opening negotiations with the Bar-z boys in any shape or form will put us back to where we were - begging for payments, squirming under unenforceable illegal local contracts, exploitation and abuse by the tribals.
Back to square one then.
…. and our SP responds in proportion (as if !).
A dynamic BoD would apply themselves to buying into a competitor (or an entity known the be interested in acquiring us.
Either action would set the cat among the pigeons in the markets.
Perhaps our BoD would rather opt for the no efforts buyback as usual?
Obviously many many many more biscuit meetings required……
APIKUR could expedite things and place orders for Mince pies for the Xmas meets, Hot Cross buns for the Easter meetings.
Agreed Happy - here we are sitting on a seriously undervalued portfolio of assets and potentials, SP collapsing, no MD(President) …. someone in the industry must have noticed how vulnerable this lil’ old limey outfit is right now.
Poor Pearl - I wonder in whose trousers the missing money from selling the gas ended up ?
Can’t be ssssooooo difficult for a competent accounting firm to trace it (but of course pilferring in the region goes so profoundly deep that they wouldn’t dare allow a forensic team in to go thro’ the well cooked books).