Member Info for Invstrat

Or Underperformer.

The RNS implies that we are «realising $25/bbl» which is obviously too good to be true.

Who needs a pipeline ?

Rolls Royce are taking off yet again … if they win the order for engining the new 757max.

When is it our turn ?

BB - if we are only allowed to introduce 50-60% Shaikan production into the export line, the rest can still be sold locally (via the usual familly’s businesses) so they can get their cut that way.

It’s a win/win then !

Just the missing payments (plus interest) due to us from the KRG to dig into.

I think we all know where they probably went ?

Baghdad has the power and authority (to apply some simple forensic accounting) to trace these - unless of course ICG leaders have had sticky fingers too ?

Our Colonel (but seemingly 3wks old):

https://youtu.be/lNaCxXBPozs?si=Spy_QoUscxcxOvyo

Querie from a simple investor:

The shares buyback campaign uses up the company’s working capital (which could have been used in acquisitions, or investing in tech or new plant or how about paying off some debt .)???

These buyback shares are not all cancelled - as a big chink are held ‘off line/treasury’ to be dished out to directors and selected staff as «bonuses»

Please tell me I’m wrong.

‘Twas a strategic error appointing the good Colonel to head up our Consortium - should have been a local from the ME region who spoke the language and had lived through the political/religious/geographical traumas first hand, one who had walked the walk before opening his/her mouth on our behalf in Erbil/Baghdad or Ankara.

An ex US militarian would (and probably has) immediately polarized those he deals with on our behalf.

A justification as to this choice has to be presented.

Seems like Baghdad is determined to bring the Erbil billionaires to heel:

Reuced voting power

Summons applied to those holding Stateside protection passports

No oil pipe revenues to pilfer

No water flow from Turkey

SUMO to control all exports and revenues if pipeline is ever opened

Calling Erbil’s bluff on population and govt. employee numbers….

… have I missed anything ?

That’s exactly the problem belgrano - a handful of seriouly wealthy bullies who plunder their terrified population who exist in miserable poverty - while the highly uneducated tribal heads pocket the wealth of a region - without understanding diddly squat about the long game for the Region (and caring even less).

I bet there are several private jets at Erbil International kept fuelled and ready for quick getaways 😉

Which traitors to freedom is Rosnyeft selling to to generate such fabulous profits for Putin and his heroes …..one has to ask ?

Worried and concerned appearancies in Armani suits with private jets and luxury villas Stateside - while stealing their people out of basics, will soon be exposed and hopefully serious helpings of porridge over many years will be the outcome.

Oh dear….. been saying it on here for years.

The ridiculous, sudden and unaccountable wealth of the Bar-boys had to get them noticed and into serious trouble - sooner or later.

If The Donald gets back his birth-right to the keys of #1 Penn. Ave……. surely a win/win deal will be struck.

See my basket of reason on 18th at 10:21. there are surely more……

As a customer, I’m a bit concerned that they publish such a spurious sp of £10 (it is however, a nice round number).

Hmmmm ….. I recall from years ago that ‘rocket scientists’ in the Stock business were those who held an O-level in Arithmetic. Perhaps times have’t changed significantky ?

Thanks for clarification BB.

We could be said to be «in a serious financial situation» currently - as our sole customer has repeatedly denied paying us ?

Could our BoD sell us out for pennies without authorization by a majority of us shareholders ?

BP too small, seen as too Nationalistic, the initials continue to be anathemic to Big Oil following lingering memories of incompetence ruining their GoM.

Now if BP and Shell merged….. that would create a mouthfull of worth swallowing by big appetites.

Increased payments for IOCs via revised Baghdad contracts - means less for Erbil tribal chiefs - so that won’t fly.

The evaporated payments due to IOCs could be investigated by Baghdad - but that could lead to embarassing disclosures - so that won't fly either.

The $1.4B bill due from Tirkey could be offset against pipeline transport fees and supply of water - but no facility there for pilferring - so another wingless wonder.

Lead Zeppelin time again for our dismal SP.