Member Info for Invstrat

Easy - Let them off the hook for that $1.4M paper fine imposed by some far-off court and they’ll sign.

I always look forward to your contributions Maxi …. but what was all that aboot ??

Maybe table a motion and get him to account for and to explain where the monies went which SHOULD have been used to pay the impotent producers of the region’s evaporating wealth ?

Turkey should transport the Kurdistan product foc until the claimed fines are recovered.
Brown envelopes should be distributed on a monthly basis to those in power (at least until a regime change removes a recipient).
Selection of Biscuits should be the primary and paramount decision at all tinpot meetings Erbil, Ankra and Baghdad.
Job done, exporting recommenced.
Isn’t this a farce ……

one wonders into whose bank accounts the sale of our donations of free oil has gone to ?
seemingly the state workers have not been paid for months - so they don’t have it, there is no war ongoing in the region - so the military may only have reeive sufficient to keep them lyay, and C19 has not eruptdeto any significance.
the leaves the usual billionaire suspects.
Surely the general population has managed to work out where their region’s monthly income disappears to ?
…. can we rightfully claim bank interest on our unpaid invoices ( or can our BoD be bothered to claim it - or are they afraid of the consequncies ??).
what a scam is being running uncontested here for several years.

Turkey is hanging on until someone folds in order to get a substantial reduction (or removal) of that pesky $1.5B fine which has landed in their IN box for breaking an agreement with a neighbouring sovereign country.
So what’s the big deal ?
A paper fine awarded by some infidel court in Europe is laughably uninforceable in their part of the World.
As I said earlier - this impasse can and will be removed via the brown envelope mode of diplomacy …… and the rich will get richer.

Nothing will be agreed until sufficient leeway is inbuilt to allow those in power (Erbil/Baghdad or Ankara) to continue pilferring from their naive populations, and of course we oil producers.
So we have to accept that a reduction between actual selling price and or quantity/quailty and that which is declared must exist - or nothing will happen.
It only remains to agree among themselves as to an acceptable split of what they deem a suitable ‘handeling/signing’ cut would be to allow pipeline production to recommence.

This impasse is a golden opportunity to route out those with sticky fingers in Erbil.
We all know that skimming, lies, force majeur …. et al, have led to this situation whereby those with sticky fingers in power Erbil have tempted those in power Ankara to break the legally enforceable agreements between Baghdad and Ankara - in return for personal ‘incentives’.
The ICC obviously knew what had been going on, and rulled accordingly.
Can’t be rocket science to identify those who benefitte in both Erbil and Ankara and go after them for recompense of the pre 2018 fine and the pending post 2018 fine.

Easy-Peasy, problem solved - and a huge dis-incentive to allow crooked famillies to muscle into power and rape a region.

As I read it - Turkey will not resume pumping/exporting until any post 2018 potential award to Baghdad is withdrawn/negated.
Turkey will surely then go after us oil producers to make up their $1.5 Bn fine for the pre-2018 period ?
There would be no point in seeking rekompense from the Kurdish rullers who ordered the illegal pumping and collected the sales revenues from the sail of such - as the bulk of that has already been been squandered or syphened off into private Swizz accounts.
We pay again then.

If I recall correctly, the Billionaire Barzani Boys have invested a small part of their wealths in securing filmstar quality villas near Washington and all recent children have been born in the USA - to secure them the correct passports incase they all have to do a runner.
They may soon need them apparently.

How to sidestep these missed/redirected/reduced payments will be the focus of the tribal ruller’s minds right now.
Baghdad will not feel responsible to compensate us as they probably know where the money ended up and are cautious about naming names incase it threatens the bigger picture and invokes the wrath of those entitled to sign on behalf of the KRG.
I guess we will just have to eat the loss for the greater good. Again.

I think we all knew that the rulers of Kurdistan were bleeding off the oil and its revenues, claiming dubious excuses for reduced prices, short and missing monthly payments, financing to defend the oil installations against terrorists, feeding refugees, innoculating the population, and many other opportunistic excuses by any and various means.
This defrauded both the population and the oil companies over many years.
These ‘elected’ criminals were abusing their power - but have obviously become rich beyond their wildest dreams.
Will there be a full investigation, return of these stolen riches to those who were exploited, and jail sentences handed down to those found to be guilty (or will the pots find it unneasy to be calling the kettles black in this corrupt and blameless region)?
A final point would be: did the management of the oil companies know exactly what was going on and turned a blind ear to it - while benefitting from excellent salaries and hideous bonuses working tirelessly to the benefit of their shareholders ?

If the Yanks pick up the various long term and short term debts owed to us by Erbil - our BoD must be reminded to dig out how much/ when / what interest should be applied…… also the Obscene penalty for not developing that other field we had to pay to hand back (as we could not finance it’s development (because of late and reduced payments from the KRG)).
Someone needs to do a simple sum to compare the total oil delivered by us oilers with what was loaded onto tankers …….heads could roll.

Baghdad just needs to underwrite the monies owed to us producers in Kurdistan, and leave wriggle room for the tribals to continue their rights to steel oil - and this will be settled. Simple.

911 - I suspect this prolonging of the shut-in will suit the usual suspects very well - they will escape from paying all outstanding invoices and this provides an excuse for defaulting on several current and future payments (unless SOMO steps in).
Another win for the tribal rulers then.

Opu - The fact is that SOMO might actualy PAY, and probably even on time (none of this 3 months +++ after they have been paid at delivery by the buyer nonsense).
I have a sneeky suspicion that these KRG ‘discounts’ are just yet another cunning trick from the tribals to justify paying us less and less for our produce ….. who pockets the difference ?
Wonder if our Millionaire Management team have even bothered to trace this annomoly through to the buyer ? Doubt it, why would they care.

Oh - came across our previous MD (another Jon) …. he is now marketting ‘Thor Skyre’ - a type of joghurt stateside/Canada. Can’t keep a great Oil Man down seemingly.
He left us as a multi-millionaire after picking up his GKP bonuses and awards from a grateful BoD.
Anyone sussed out where his sidekick Sammi has gone to ground ?

I will be VERY surprised if we ever see any of these outstanding payments: more chance of the management team withdrawing their tenuous right to their dubious bonus shares - to help maintain our dividends.
A plethora of excuses for defaulting on payments abound right now.
Roll on SOMO.

Thanks so much Sou ;)

Agreed 911 - in our case, all due to personal greed.
The Kurdistani in the street must be catching on to the fact they have been held in poverty due to selfishness of their billionaire ‘leaders’ ?

Somebody offer the Erbil tribal leaders some brown envelopes and they will be out of the equation and can go home satiated.
That leaves the Bags and the Anks in the fray (with more nationalistic consciences).
Depending on which news source you read - each owe the other around $1.5 bill …. so, call it quits and all can go home with honour.
So, what’s the problem here ??