Member Info for Invstrat

The KRG overlords know damned well that any of ‘their’ oil getting into the SOMO system for accurate metering and invoicing effectively ruins their birthright to pilfer - the only source is then the oil for ‘local consumption’ - which is open to manipulation,

Hence this continual impasse…..

It’s all patently obvious what’s going on, and why.

Remember where we are trying to do business - and with whome.

Hi ademcg…. It’s not the politics - but it is rampant corruption feeding insatiable greed.

The few families in power are eyewateringlr rich, whereas the general populationare struggling in a land of plenty for all.

Imagine taking your familly out in your donkey cart and being swept side by your erstwhile peers whooshing past in their luxury saloons en route to private jets and helikopters (protected fore and aft by armed melitia in jeeps).

That’s never a recipe for stability or equality.

Mix in religion and tribal mentalities - and nothing can ever be agreed.

Just the way it is.

£4 quid and I’m out.

Thanks for your comment H….. but my point is that capital was used to fund these buybacks - and then the option to either cancel (to benefit us shareholders) - or nest them away in treasury (for later reinstatement in the names of whoever).

The option of investing that capital in innovative projects, paying off debt or acquisitions - is gone (but still remains «on The Books» but tied up in stagnant treasury shares.

Look to RR - their BoD prioritisef the use of their Company’s capital to firstly invest in new projects (like their max bypass aero engine and their small modular nuclear power stations)… having invested in these, the BoD now turn to buying back shares AND CANCELLING them (to reduce shares in circulation (which will directly and proportionately benefit shareholders immediately when dividends are declared …. and certainly when these two exciting new projects hit the market and the shares blast off (as they have recently begun to).

Time will tell which BoD chose wisely for the benefit of it’s shareholders.

The treasury shares cost us funds/tie up working capital/ forego alternative strategies - to instead eat our own shares, then leave them in limbo to be later reactivated - as awards/bonuses to employees for exceptional achievements which benefit our Company - but in the current situation of our disasterous performance….. ?

Think of a hungry person purchasing food - then not eating it to perform usefull work, but instead leaving it to rot !

I just feel that there is something sinister lurking behind a BoD building a reservoir of stagnant shares - when they should have been directing their efforts and our financial muscle towards strategies to - expediting our recovery from the borrowings and fines of our GoA tradgedy, the costs of re-vectoring the Company away from the too early into The Green Machine strategy, and taking positive actions towards rebuilding our previous excellent reputation.

Compare us to RR - they are also buying back, but purely for cancellation - their latest engine technology and mini nuclear power stations project are dazzeling competitors, customers, and the World’s Press.

Gladly tophat…..

It’s the relentless ongoing daily drain on our discretionary cash (cumulatively in excess of £2 billion now) which could have been directed towards reducing the huge debt we are struggling under -(and which our SP is being persecuted for) not to mention the clear message that our BoD’s irresponsible selfishness sendes to the market:

A headlong preference to use our Company’s available Cash to build up a treasury of uncancelled shares (Wonder who they will be ultimately assigned to) - rather than being seen to taking measures to reduce our crippling debt. or invest in actions to augment the business by innovation, acquisition or exploration.

No ASSES were harmed in coming to this opinion ;)

…..but, but - the KRG iz the Barzani familly !

Accompanying each daily multi-million pound buyback is this ‘justification’:

«in accordance with the authority granted by shareholders at the 2025 Annual General Meeting of the Company, a total of 4,500,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 29 April 2025 (the "Programme)»

Was the assumption made by the naive, approving shareholders that these shares would be cancelled ?

Easy solution: declare breakaway Harkistan and Gorranistan ….. the respektive new rulers can then follow ‘The Barzani Model’ and have a crack at becoming billionaires in their own right (and to Høll with the indigenous population).

The whole region is screwing itself into an irrecoverable cesspit of greed and corruption - under the cloak of religion and tribal jealousy.

We are stuck in the middle - trying to make an honest buck in a terminably dishonest environment.

…… only good news is The Baghdad Biscuit Co. - which goes from strength to strength as face-saving , inconclusive and futile meetings multiplex exponentially ;)

Not an insoluble problem….. Erbil can always default to witholding our payments - if Baghdad plays hardball and doesn’t agree to stump up ;)

Surely we are mentioned in their daily prayers - as the fountain of last resort ?

No short term agreement until an in-built mechanism to allow the usual suspects to reap personal gains immediately.

Long term goal is Kurdistan indepenence (which is totally impractical - but it would allow the Erbil usuals free range to plunder, digert, delay, abuse, short change - these infidel IoCs …. as before.

Many more meetings anticipated:

Just placed import orders for enough quality biscuits to see us out September…….

…..read into that what you will ;))

No smoke with fire guys.

We must be terribly attractive as a firesale candidate:

Huge potential for future development.

Solid assets and infrastructure.

Explo Hopper full of potentials

Management seem hell bent on building themselves a quiver full of uncancelled shares in treasury.

A core of top quality employees who deserve better leadership.

BoD just going through the motions until……

Selling off Castrol a profound knee jerk reaction.

Pile of longterm debt will be seen as a bargaining chip for justifying low bids.

Just pray there are several candidates willing to rescue us.

Positive clue to have an ex-SHELL senior onboard……. ?

Maybe TOTAL will snap us up ?? - and take a firmer stance with the local rulers playing their endless games ?

Non ! means Non! ……. Or they send in their Legions of ‘enforcers’ just to ensure things happen.

Sounds like the beginnings of another of these perpetual series of biscuit meetings …… as I predicted - they just have to leave some wriggle room in the finances for payments to the ludicrously wealth local tinpots.

So just DO IT.

We’ll throw in a few crates of custard creams to demonstrate ‘Good Will’ and lubricate the first of the meeting from our side.

Real shame our BoD didn’t priororitize paying off our mountain of debt with every spare $ they could mister….

Must spend a lot of their working days procrastinating exactly what to spend their fabulous incoming bonuses on.

Mark my words …… our saviour - a Real World Energy Company - will dismiss them at a stroke.

Exports won’t start until the greed of each and every local tinpot (who has a finger in the pie) is satiated.

It’s just the way it is in the shires ;)

Remember how they realt with Baghdad not releasing the monthly funds to pay the salaries of the Kurdish govt. ‘workers’…… just stole it from us to avoid a civil uprising.

Now that’s a measure of respect.

Get this sold to a professional oil company with serious management ASAP.

Divi-up the treasury shares you have diligently squirreled away for yourselves as bonuses for a job well done ……and kindly switch off our lights as you depart.

Big new Embassy just opened in Erbil - that shows a modicum of interest in keeping the Region and the Country stable perhaps?

Supplying heavilly sanctioned Iran with Anything is frowned upon by the UN, NATO and the rest of the decent

The Orange Man is attempting to browbeat the Supreme Leader into complying with making ‘a deal’ to avoid a nuke armed jihad on Israel.

So in summary - I guess Trump doesn’t want be made into looking a fool by wayward Iran and it’s strategy of underwriting terror.

As I have said previously - finding a mechanism to replace this lukrative revenue to the entitled leading Kurd families - is the one and only stumbling block to opening the ITP.

It will probably take harsh words from Trump to break this impassé.