Member Info for Invstrat

I have exactly the same history here Bugsy (we go back a long way).

Life is finite and GKP was my only error (so far !) …. maybe it will come up to break even if we are bought out - but 15yrs of investment shane and wasted opportunities.

Splashed out on a Carrera 4 recently - which helps !

Trucking is expensive and if I recall correctly when we tried this last time - all trucks must come under the control of the Barzani army of ‘companies’.

Corruption Rulles - it’s in the genius genes of the billionaire rulling familly.

They will currently be mobilizing their civil engineering platoons to buid a pipeline, one would imagine.

When Erdogan finally gets his win confirmed, he will demand an immediate increase in his ‘cut’ of the Turkish Pipeline tariff (which will also be increased, naturally).

Only longterm solution is a new route bypassing the dictator’s influenc.

Dammit - according to alJazeerah here, Erdogan has won.

So it’s back to rinse and repeat, until we are finally flushed out.

I have a gut feeling that Kamel may be above corruption, but if he wins the election it may cost him his life.

No, not a surprise …… wait until election, and pray that Kamel wins ;)

Western puppet would be preferred as he appears to be a good ‘un and has declared that he will stamp out corruption- but if he wins, he may meet with a tragic accident before too long …….. :(

Election date…. ‘course I do Maxi -buit I don’t know the result either…. now let me consult my crystal balls.

Erdogan playing hardball then - he has creamed off $$$$$’s every day since he signed the valves to open for Kurd production.

Now he has to grab what he can of the situation - while he still lasts as Dictator- so until he personally gets what he just knows in his own mind what he is due - no deal.

It’s THAT simple

….. when is the Turkish election ?

Oil will flow thereafter.

We must be magnanomous here - poor Erdogan will probably be removed by popular vote due to how he has raped Turkey, which means that it will be open season for his replacement to go after his familly members and their fabulous wealths, then porridge time for most of them (or worse !)….. and to top it all - he had earmarked that $1.4B (which may now have to be paid to Baghdad) from Turkish state funds as part of his hard won 2023 salary bonus.

If GKP SP swells to where it belongs - should we have a whip round for the poor guy anyone ?

So What’s holding things back ?

Easy: Sorting out Biscuits, distribution of the agreed creaming quotas all round…. and advising Erdogan not to spill the beans on what has been going on in Erbil when he loses the election and refuses to pay off the $1.4B from his personal overseas ‘funds’.

There are no technical reasons that I have read of.

So all is just down to private greed being satiated. As usual around here.

Turkey probably the probem indeed - did anyone see the documentary last night about dictator (with absolute power over all) Erdogan last night….. basically caught having tel. conversation with his son over how to smuggle out $18m (a day’s takings to them), if he loses election he and several familly will be rounded up. His familly’s wealth is incalculable - but it will be repatriated if ousted.

He must be seen to avoid paying the pipeline fine to give him some plus points.

His mates in Kurdistan and Baghdad must be shaking in their sandals awaiting their turn for exposure.

Meanwhile, we suffer for him.

Won’t hold my breath until pumping starts any time soon……..

Have to sort out:

Levvy an agreed % on each bbl sold by SOMO to ensure a guaranteed slush fund.

Have all parties with generic rights to a slice of said fund - agree to their % of that %.

Turkey and Baghdad should agree to ignore that impotent foreign court’s fine - and it will just go away (how will they enforce it anyway ?)

ICG should do a witchhunt into which Kurdistan family made the original deal with Turkey - and who in Erbil and Ankara benefitted directly from breaking Baghdad’s ruling not to sell or export a National resource.

Have all Iraqi and Kurdistanis account for their overseas holdings and confiscate wealth which cannot be accounted for transparently (well that will never happen now, willit ?).

Change all biscuits to Jacob’s Clubs (in deference to Israel for buying the illegally exported oil.

Yes, this is all bordering on lunacy…… corruption is like ugliness it is a genetic traite, is therefore heritable and permiates right to the core.

….. never sure if a Billion is 100 million or 1000 million ( so it was 400,000,000,000 ?).

They will need many suit cases to smuggle that lot out in small bills surely ;) !

Calm down - it’s only a few million $’s …… it will be skimmed and in the familly’s Swizz bank before the pipeline ever gets wet.

Wonder if ICG realise what’s really going on in Erbil ?

Sell Out ?
Don’t be silly - not prudent to sell out with one hand while I am taking advantage of this temporary low SP !
A Buy Backs campaign followed by a share printing session hints that someone has failed Accounting 101 ;)

Longtermers will recall WHY these ridiculous and unwarranted get-rich-kwik bonuses popped up 10 yrs ago - the BoD at that time were persuaded as part of the package to agreeing to sell us out to the bond holders- just why their progeny have now inherited divine rights to these annual golden geese - remains a mystery to me.
Let’s take a closer look:
1) The staff retention self - award …… irrelevant, those who gladly voted to be retained have now all left GKP (as millionaires).
2) Bonus award…… the previous BoD promised a seemingly illusive step up from 50k bbls/d years ago ……. and even their successors have not as yet achieved it.
3) Why punish our working capital month after month by doggedly buying back shares - to later issue a plethora of new shares to self award schemes ?

This is a travesty of trust and an open, brazen and totally unjustifiable rape of shareholders’ funds held in an already struggling UK registered public company with a depressing commercial history - based on personally convenient, but now irrelevant to the situation of the comapany, self- awarding articles.

How can we have this unpalatable annual haemorrhage removed - and replaced by a direct performance related, fair, transparent system - which I’m sure will be acceptable to the shareholders of the company ?

New Shares ?
We spent millions on the Buy-Back campaign with no discernable effect on the SP - as per usual.
This could have been used to
- diversify out of this geographical disaster area
- or in recompensing shareholders who have sufferred 100:1 losses,
- or actually achieving production goals on time,
- or solving the gas problem,
- or building storage tanks to hold our produce until all these (now lost forever) payments were grudgingly paid and in our bank……..

Can only assume that this is to dish out motevfreebies to the BoD in grateful reward for their recent tireless all night sessions and dedicated efforts on the GKP remuneration committee meetings.
Take yer pick.

So, the earthquake was not recent ?
Sounds like a tactical delay as this work could have run in parallel with the other maintenance which has been completed.
So: political, pilferring or just plain petulance ???

I will never understand why the general population don’t grasp where their money is being purloined from them.
They must understand that their country/Region is producing and exporting serious amounts of hydrocarbons - and yet they are seeing very little of it coming to them in terms of regular wages, infrastructure, health, edication……. and yet their elected rulers live like superstars.
You can’t fool all of the people all of the time ?