Member Info for Invstrat

Pretty well game set & match here , I’m afraid.
I’m already planning how to blow my 50p a share windfall.

Sami & Jon bailed out as their work here was done ? (compliance with the longterm plan to hand over the Business to the usual suspects, in return for fat salaries, pensions and trumped-up bonuses for NON-performance and missed deadlines). Maybe they wanted nothing further to do with the scam as it winds down to its prescribed conclusion, and they have consciences after all ?
The Monies owed will never then need to be repaid, and can be filtered out of the Books at some convenient future - into private accounts of those in power.
A hard lesson for us gullable mugs then - but We now all know the pattern of pilferring hereabouts.

What can we look forward to as bystanders then ?
Just watch the production of Shaikan go stratospheric when it changes hands.
We will at last get to know the true contents of the reservoir.
Monthly payments will be on the dot.
FDPs will magically be approved.
Dividends will be bountiful.
The peoples of Kurdistan will be dragged out of their miserable existences into a land of silk and money ( I mean - milk and honey).

Only thorn I can see in their camel dung is - how will they get the big holders to approved the firesale ?
Guess that depends on who stands behind them.

Still a bit to go down to inherit us for what’s in the bank.
SP of 50p (a halfpenny in old money) will be the instruction they have given.
Yes JF has succeeded in achieving what his real employer has required of him.
Wonder if they will present him with a golden camel at the retiral function at the Burj el Arab in Dubai ?
Congrats and enjoy the superstar pensjon and that villa in Tuscany which we have bought for you Jon.
Hope you can live with a guilty conscience on your patio sipping Sangria in the sun every day.
I guess most of us LT holders feel as stupid as I do now ?

nuf said: That about spells out the whole sad saga.:
PSC running down and/or Barz boys taking us over for a handfull of their sand - appears to be our destinay, unfortunately.
SP at 0.8p old money, and we are only seen as being worth what we have at bank.
Infrastructure, ‘management’ and premises, residue of the PSC, and what could have been gleaned out of this reservoir - all worthless.
Perhaps, in hindsight - if we had recruited a competent BoD and a visible, vociferous and forcefull manager - Oh what COULD have been !

I think the FDP, the PSC and any resurection of the massive ongoing debts and cummulative back interest owed to GKP, will be on hold - pending Barzani having a ‘fair’ crack at taking us out for what’s languishing in our bank account, using these sterile buyback shares as pawns if necessary.
If he fails (and that will depend on how successfully he manipulates/co-erts or threatens) any non-compliant Major holders) - he will instrukt his MNR to make Business life unsustainable for the remnants of GKP operating in his fiefdom: payments, visas, approvals, terrorist actions........ a plethora of levers he can pull to crucify us.

As for BP throwing in a fair and attractive bid - get real ...... Bernard is way too bright to sadle his shareholders with this type of charade.
Where’s our BoD, and what are they beavering away at ?
Does it really matter ? - assuming they have left a forwarding address for their salaries and pending bonuses.

If reduced / late payments are now the norm - time to register GKP as a charity ?

OK Mogli, the pedantic one - I’m sure we would have preferred your learned replique to have contributed to the theme of the discussion at hand ....... not my occassional misdemeanours in what is probably YOUR native language.
I’m not sure what the abreviation ‘ffs’ refers to ?

Great conclusion Titoe ......... everything falling into place for a firesale now.
GKP will be told by the MNR who will be under Barz orders to grab us for free «to return the asset to the peoples of Kurdistan» - yeh, right !
Is their any way this can be stopped ?

We have around $140m at bank, 210m shares, $/£ around 0.75 so the takeway price will be near as dammit 50p.
By not paying either the longterm debts (plus interest), the recent monthly invoices for oil delivered - the major oilie’s bean counters will strongly advise against getting involved in bidding, the contents of the reservoir remain heavilly underestimated and obscured, MNR playing us along by witholding approvals to increase production, Barz’s are behind the scenes .......... The Perfect Storm - like taking Smarties off a baby.
Only problem for them will be that the major holders may not be inclined to vote the firesale through at 50p (but that can be handled by a few brown envelopes of course).
I think that deep down we all knew that this is how it would be played out.

Time to lick wounds, understand that the markets are not a place for the honest - and move on.
TESLA, Facebook, Microsoft, DHL ......... anyone ?

So is this the precedence we can expect ?
ZEG got Oryx for buttons then - without it going on the open market to attract a fair price.
I think this is what they will do to us - probably for less than the cash we have at bank ??
Isn’t that clever, and nobody can stop the slaughter.

If we are sold out to Sammi’s new employer for tuppence a share (new money) - will this mean that he will re-inherit his full GKP handouts (which we thought he had forfeited by leaving) ?
I guess the Chinese/Indian/Stateside ..... Big Oilers will not get a chance in H*ll to lodge a dement bid against the local tribals.

Bertie - Consult with islingaebruik on here - he seems to have at least one crystal ball which predicts GKP’s illogical behaviour.
God Help us if Hawarami gets found guilty of any or all of: corruption, abuse of power and manipulative practices by these Learned ones in London Court.
If a stiff fine is handed down - his luxury Thameside villa may be impounded.
Surely he has billions tucked away for just such emergencies.

That $70 mill has already been squirreled away Bugsy - it was earmarked for Hawhaw’s defence.
Really hope he’ll need it ;)

Agreed - but what % of that fantasy tenner would be sideswiped as «signing fees» to a long line of eager tribal palms - we shouldn’t forget who were are dealing with here.

Why not - a dream retiral job: you would have nothing to do and no pressure to perform to fulfill your duties to these pesky, invisible and irrelevant little shareholders.
Just obey the tribals to the letter, and focus on the self-reward schemes to keep your BoD sweet.
Dream job. What did he set his retiral pot at again ........ ?
Will he notice he has actually retired ?
Where did Sammi wander off to ?

This will be a reduced monthly again of course - wasn’t it fortunate that Covid came along and could be Used as the next excuse for upping the pilfering quotient using the «additional costs of Protecting our peoples» b#ll****.
What will they come up with when the pandemic receeds.......... ?

Oh I think several of us old hand LTHs could make a fair showing of running the show !
You appear to be a relatively young player - maybe we need some thrusting young bloof at the helm ;)

Certainly will take a substantial alocation of time and effort to replaced JF - where does one look for a NON-achieving, NON-communicating entity - who has the brass nerve to masquerade as an oil industry leader of men - by self-awarding excessive salary and bonus cheques for no nett benefit to the Company he was charged to manage ?
In my mind, the epitaph for his reign at GKP will be «I vos only obeying orders»
They replaced Sami in double quick time - what’s the problem in filling these vaccuous and irrelevant boots ?

Er - that would be agreement on whom in which party gets what % of the monthly oil sales incomes slush fund.
Breaths are not being held on resolution around any agreement which would drag us out of this pit of sand vipers.

Meetings after meetings which go nowhere.
You see the hidden agenda is, and has always been - how to maintain an acceptable level of pilfering .... while appearing to provide the basis needs of the population by leaking them some miniscule benefits from their region’s asset.
Until this is removed - either by revolution, or via some higher external pressure, this impasse will continue longer than most of us LTHs will draw breath.
Why would they vote to terminate their birthright to corruption ?

I watch the tinpots on TV - feigning committment to the population and fighting for them with every fibre of their being - and it appears to be all worthy of an Oscar.
They make off in their private jets to their guarded overseas villas and continue the farce from a safe distance - just in case the day comes when the camel sh*t hits the airconditioning.

Interesting to observe how the equally corrupt rulers in Beirut fare in the next few weeks - when the population finally call the shots.
Enough will be Enough.
Hope all Executive jets are impounded and refused takeoff rights from Beirut International.

The stagnant shares conundrum: you can be sure of one thing - these shares will not benefit us private ’lossholders’ in any way.
They will not benefit the longterm performance of GKP.
They will either be awarded as disproportionately excessive bonuses to the BoD for (eventualy) achieving theIr illusive 55k/day quantum leap in World Oil production....... or leaked off into the pockets of our masters.
It was a measure of the professional competence of our ‘management’ to tie up a chunk of our working capital in such a deadend financial strategy - at what turned out to be the wrong in time, of course. Such wisdom and foresight from this with ultimate insider information of our business.
Could have been invested in hardware, or a proper independent appraisal of the asset, or in exploration drilling.......
How about investingnin some external professional oil Field and savvey business management to get the show back on the road.
How about deploying the cash to buy some shares in a functioning oil company.
Could always have used it to pay a dividend.
How about taking our customers to court for unpaid debt (and settling for a better proportion of the profit oil).
The genius strategy certainly lit a fire under the SP.
Adds predictably to the burgeoning catalogue of unfortunate technical, financial and investment decisions.
Renowned Business Schools will be using the GKP storey in their case studies, I predict !

Seems to be irrelevant whether we make a profit or not - the MNR will dream up further excuses to default on the massive current debt, and of course any future payments. Our positive bank balance must be driving them insane - I suspect they consider it as their’s to divii up among themselves. Let’s see if the new BoD have the kahunas to deny them it.........