Member Info for Invstrat

Well they did make monkeys out of us over many years, and we facilitated making several of them seriously rich men.

They hid behind threats based on what turned out to be illegal paper tiger contracts - and exploited us over any excuse to cut or delay payments….. everything from feeding refugees, to paying the peshmerga, to providing C19 injections for the poor to delaying payments out to 3+ months.

An Master Class in deception at an International level in plain sight.

Our BoD shook in their boots for years.

Illegal Kurd based PSCs are hopefully now history - the greed and local pilferring (and abuse/excuses) which Erbil exploited over us for 15yrs has only achieved the creation of some ruling billionaires …. and now he is blaming us for the lack of flow !

Clever.

I fear that we who operate in Kurdistan may be singled out to pay Turkey’s fine by being stuck with $6/bbl while our colleagues in greater Iraq are said to pick up $35bbbl.

Reason - they will collectively claim that we knew the oil we contributed was being illegally exported.

The region is as mad as that - but faces will be saved, and the taps willbe honourably opened.

Seems a neat face-saver then: levvy a penalty on us IOCs working under the usual Erbil warlords to pay-off Turkey’s fine for them (plus a sufficient pilferring factor to satisfy them) and it’s a win-win-win (at no cost to Baghdad, Ankra or Erbil).

What an elegant solution.

Ball is in collective AKIPUR court then…. don’t be afraid to up the game to hardball.

Will level the field and remove the fear we have lived under for 15years of abuse from the Erbil mafia.

ICG should rethink extending KRG monies to pay us…. route should be ICG->SOMO->IOCs which is what the new law dictates anyway (otherwise the temptation will be too much, and the loan will disappear into private offshore accounts - same as what I strongly suspect happened to the funds which were due to pay us originally).

May as well hand Mr.Fox the keys to the chicken hut.

Positive news that Erdogan will travel to Baghdad (presumeably to secure the best deal he can (for his family of course). Trust the Bar-Z family will be represented to secure their cut……?

Then, and only then- will the taps be opened and wealths will flow into their respective Offshore Accounts.

I think the Iraq>

I think the Iraq>

No problem Gingy ….. anything over 10 and my socks come off ;)

Not even maths…. its only simple arithmetic.

Plenty of beancounter mumbo-jumbo around today ;)

Fact remains that the (clever/cunning) ruling families have short-circuited SOMO’s paper tiger law and are creaming it at the moment via the ‘for local sales’ ruse.

They will fight tooth and nail to keep this local scam running - and the pipedreamline to Turkey firmly shut in.

Wouldn’t you ?

Asked a Moscow court indeed !

Freeze every asset and rubel Rosnyeft (and all of its fat cat directors) have squirreled away overseas (incase The War is lost !).

A day of reckoning is coming…….

I think GKP are allowed to net 12% out of the $30/bbl local sale gross price, so fear not - the ruling families are making double or even treble over the $30/bbl….. so they are squeezing somewhere between $56 and $90+ a pop.

It’s their oil after all.

I really hope we get paid for our donation of oil to help fill the pipeline (post hydrotesting) but not holding my breath…..

Nothing will move here until:

Turkey gets the fine lifted and the next cancelled.

KRG ruling family are absolved from paying any outstanding bills (including our paltry $151m).

Assurances from authorities in all three states that official blind eyes will be applied to all pilfering relating to acquiring, selling and transportation of hydrocarbons.

….. then we may see oil at the end of the pipeline.

Good to see we have another solid and widely experienced oil//gas/energy incumbent at the trough.

Where do they find them ? - and who sets the cranky strategic vectors ? - then has to dig around to find a ‘best fit’marketeer to carry the ‘lost leader’ approach to energy marketting through to abundant sales of kitchen and bathroom products ….. while mainstream customers attracted by the cheap (ie LL) pump prices sit in overcrowded forecourts while Mum loads up on nappies and kitchen roll jumbo packs.

Get a Grip BP and pray for another focussed Bernard clone to come along- before you inevitably have to go to the market to force your plan to be seen to work by bidding to take out your nearest competitor WaitLidlRose.

Something haunts me about the delinquent $151m owed to us:

Has anyone thought to query where that money evaporated within the KRG (and send the bill + compounding interest) to the benefactor - as it sure as flux wasn’t the general population ?

…. just the rulling familly creamoffs to thrash out then (and that could take a lot of biscuit meetings), so a long way to go still.

Pipeline has to open - the ruling families in Erbil, Ankara, Baghdad must have each lost multi-millions in their various creaming scams to defraud their voters and we mugs - who make it too easy for them.