Member Info for Invstrat

Don’t mind in the slightest if ICG Baghdad want to squash us like a pesky bug- but it will cost them (and the IOC that they prefer to take us over).

Just need to gather all of the rulling family heads from all factions in one locked room, sort out the pecking order %s - and all will be magically resolved.

Its as easy as that.

Remember where we are, and the unbridled greed and wealth of those in power.

Too complicated BSteel…. the families in power don’t know or give a monkies about nPV or multiple integrals of exponentials around currency and reservoir decay - they are only concerned about what’s in it for them - and will vote accordingly.

We in AKIPUR have all felt the wrath of their power in defaulting and short changing our invoices via any suitable excuses - while hiding behind what have turned out to be unenforceable and downright illegal contracts over 15yrs and the creation of their obscene private wealth.

Time ICG sorted this out and maybe we will become candidates for merger or outright sale to IOCs.

The tribals have not lost $7billion…. their oil is still in the ground for their,future exploitation and personal pilferring.

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.

… KRG IOC contracts which were so skillfully manipulated to allow defalt of payments without penalty to the local rulling familly !

No wonder they want them to continue……

So the naive honorable government members did not understand the existing KRG>

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?

Get this sold to a serious competitor - with a BoD who are in their positions because they know the business.

Sorry - glitch in copy paste seemingly.

President Barzani on Friday said Baghdad’s failure to pay suitable fees to oil producers is one of the main obstacles to resuming oil exports through Turkey.

.

…..

Here is the most pertinent statement from the Sudani>

Surely the local familly don’t (promise to) pay us 30 bucks a bbl ?!

They are surely selling it on for 3x that of course.

Kwik… someone tell SOMO what’s going on - or we’ll be fined for reset or worse.