Member Info for Invstrat

Shouldn’t be too hard on the management millionaires we have created here - they maximised their opportunities to reap serious personal wealth by obeying their masters orders.
However - the current major holders appear to be onto their unblemished record of NON-avhievement in return for excessive, unjustifiable rewards - so perhaps we can expect a more professional and goal focussed team to replace them in the near future ?

Apologies, I Try again:
Erbil / Baghdad machinations to permit the corruptive practices to continue for the benefit of the rulling tribals ( not to secure the best deal for the Kurdish population).
As soon as this.......

Insert: «Erbil>

The never ending saga of Erbil>As soon as this important issue is resolved, and the true contents of Shaikan are released - the true value of GKP will follow.
Meanwhile, we stagger along with a compromised management whose splendid remunerations are based on their compliance with the wishes of the ministry and the pyramid of corruption above it - rather than their committment to develop and grow this little company into what it could and should have become by now.

I had a dream:
JF reports tomorrow on progress re his hardline negotiations around approval of the FDP, securing us an increased % of the revenue from the future production of Shaikan hydrocarbons - to claw back the mounting catalogue of NON-payments, and to address the various longterm debts (and their associated compounded interests) for the hydrocarbons which we have so graciously donated to the tribal heads for over a decade...... or he will cease production until his demands are met (in fool !).
Unfortunately he will spout referencies to Kurdistan’s financial hardships caused by low POO in its latest battle (against covid-19 this time), GKP ‘s unblemished safety figures, what he promises for the future (ie a regurgitation of his missed deadlines from the past), status of that temptingly available cash at bank (tactfully avoiding what his plans are for utilising it to his managements’ benefit), surprising News on why no dividend payment (due to the harsh realities of maintaining production to continue giving away our sole product to the benefit of the rulling mafia), information on his master’s intentions as to how they will revise their payment plans yet again.......
Thank God I woke up before the nightmare intensified into - the benefits to shareholders of his new buyback strategy, a fully revised incentives campaign to be launched for himself and his cohorts, and the taxation benefits of continuing making charitable donations to benefit the poor of Kurdistan.

Why would the major holders approve a new round of troughing when their investment in GKP is at best dead in the water, and the recipients of the windfalls have had an unblemished run of perfect failures ??

OK ss - we give up ....... throw us something to be incandescently positive about then ...... ;)

Correct H1970 - I have always thought that the treasury shares fiasko (which where bought using our working capital) were destined for the BoD as part of their latest rewards package.
We may get a small dividend announced at the AGM to shut us up.
Using that working capital to pay off our 100 M loan would have been a crazy option for the BoD to take had this been a real company.

We need to observe carefully over the next days as to how they will secure their personal rewards for achieving such consistently steller performance to the benefit of us shareholders.
How about strong rumours of a buy-out or a farm-in to swing the SP (a temporary non-event as per usual of course)?

We have learned to accept the troughing of JF and the usual team - but Mr.Weatherson’s fabulous award for insignificance is truley astounding. Wonder if anyone dare comment on it at Friday’s long anticipated NON-event ?
Maybe Sami has a nom-de-trough ?
Time JF and his hollow men head for their will-earned luxury superstar villas in Sunny Wuhan Province.

I think we can conclude that we are involved in a totally dysfunctional sham of a company - run by corrupti entities hiding in the shadows, operating via puppets who are being rewarded for their loyalty via bogus awards for a consistent catalogue of «NON-achievements» in return for playing along.
Why do none of the serious IOCs want anything to do with this chatadresse ?
Where are recent payments for production being syphoned off to ?
Why do our management not turn off the taps until long term debts are settled and short term invoices for production are paid ?
Why has Baghdad and the general population not overthrown the billionaire Kurd dictatorship ?
Can’t believe how easy it is to rape a country of its assets and stockholders of their investments.

We Get beaten down at every opportunity. As soon as knowledge of corruption leaks out a share is poisoned for ever.
Only hope now is if Trump underwrites the broken country of Iraq to act as a buffer against the Iranian loonies by encouraging US Oil to buy-in giving him an excuse to up protective military muscle to protect them.

Make that £20 a pop and I’ll be delighted to walk away too C4S ;)

Refreshing slant on the GKP connundrum there Tia - the priority in Kurdistan remains as always:
the corruption skinoffs, paying our jjjjuuuusssttt enough to keep the lid on the inhabitants (primarilly the PESH Families & Friends) ....... then the totally insignificant cap-in-hand little oil companies.
They know that JF is toothless and fully focussed on personal gains , and that GKP has cash at bank - so we are the last of the last of course, as usual.
Maybe a Fairy Godmother is indeed lurking in the shadows to take is out of this pantomime, but the shareholders will only receive a fraction of the real buyout payment as the above hierarchy will need to be satiated first.
Just how this will be accomplished within the transparencies of the LSE and their naive and toothless Western laws - will be an object lesson in how to manipulate the markets and we poor fools who assume that playing fields are level.

Come on in - the water’s fine.....
Massive political corruption in zKurdistan, and the BoD are voting themselves millionbiler bonuser for achieving nothing - and we private investors can’t stop them.
Otherwise - knockout yerself out ????

Shipping gas by road sounds a catalyst to help reach agreement on the 250k/day stalemate - as it would open up a new source for the tribals to establish a modicum of pilfering since the Oil production will be very closely monitored by SOMO (if agreement can be reached in our lifetimes).

Barzani tribe has raped Kurdistan over many years and have a wealth pot running into $ Billions , and of course their exit route to the USA secured - so are very willing to go along with any orders from Trump et Co.
As for our disastrous 0.7p SP - the markets seem to conclude that GKP is nothing more than a marginally legal scheme run by persons of questionable skills, to orders from powers which hide in the dark shadows, and to the benefit of a chosen few insiders.
It has little to do with a going concern being run by a professional team striving to return value to its stakeholders.
Surely the future must be better than the chequered last ?

JF clearly in the pocket of Barzani et Co.
Stop supplying free oil on tick old chap, it belongs to us shareholders - you just dream up and collect bonuses, so best stick to what you know .....

Is that £100M debt repayable at any time ?
If so, it may have been a better strategy than buying back shares and leaving then roosting on the books and contributing nothing to our company.

Shell versus China in a bidding war to secure the mighty Shaikan would be an interesting way to end this pantomime.