Member Info for Invstrat

Dammit - any idea where she works from / how she can be contacted now anyone ?

Thanks MLQ, - compiling a summary of the story to date, to Holly......... hope she grabs and runs with it.
The rest of you could help by doing likewise.

Any wise words from SurreyScot/ Broadford on this situation ? ...... a continued absence of contribution at this time may speaks volumes around whom they represent.

Companies like GKP - conducted within the warm, protective shell of the LSE, by persons who can ‘legally’ take advantage of the company and position they have been entrusted to manage on behalf of and for the benefit of its shareholders - must be one of the last vestiges of ‘legal’ dictatorship.
The mechanism and timing behind turning the bond holders into majority stock holders and their subsequent signing off on the various self-enriching schemes set up by and for the bod - when we PIs were reeling at the destruction of our investment - still has a huge question mark looming over it in my mind.
Glittering Rewards approved to the bod back then has somewhat backfired on the bond holders investment unfortunately - as the company has dismally and repetitively failed to perform.
Witness the destruction of the share price, repetitive failures to increase production, the dubious recent strategic decision around diverting precious company resources into buying back and retaining shares (for an undeclared reason - but that is becoming patently obvious now), the poor communications (better to say nought while raiding the larder), and in allowing a sole customer to call the shots by appointing their own watchdog at a ludicrous salary, defaulting on payments, rumors of corruption, technical field failures, accepting long term debt to roll on...... luckily they had the huge cost of fighting IS to blame.
An investigation by a determined journalist is our only hope of exposing this charade as JF will of course have consulted in depth with his legal lady to ensure that his actions and his future manipulations (which we can now confidently anticipate) are above and beyond any technical illegality.
The governing body of the LSE and peers managing similar struggling companies must be immensely proud and in awe of him for demonstrating how simplistic it is to turn total professional failure to grow a public company - while amassing great personal wealth from ‘managing’ it’s dismal performance.
Business Schools will now surely hold this achievement as a text book case study to students in “how to privately benefit from the management of failure”.
Still rather a lot of these sterile buybacks languishing temptingly on the table - will be fascinating to see how he pulls it off in the next, and subsequent award rounds.

I think it is jolly unfair the Sami, the big Dutch chair guy, the highly respected legal lady diva and that MP for Shakespeare country appear to have been overlooked on this round of dish outs for collective stellar performancies.
Why does the new finance incumbent get such a massive prezzie (just arrived, and has ostensibly contributed nought) - hope he slips Sami a chunk of his mesmerizing win.
As if.
As predicted - the rest of the buyback shares are in a safe place and will wing their way in the form of bonuses from us grateful shareholders - to the usual recipients in due course ...... as soon as that historical 55k target is eventually reached - or a suitable earlier minor success can be grabbed as justification for round two.
What was the hidden agreement that prompted the major holders to vote this through (back in 2016 was it ?) - why on earth would they do that ?
Wonder how those still left feel about it now ?
JF must lean heavily on the invisible legal counsel lady to pull this off on the limits of decency and legality.. Maybe that’s exactly why she is on retention ?
A letter to the BBC Panorama program may yet have him squirming on International TV trying to justify his actions as MD of a broken public company, dishing out questionable awards for failure at every turn.

Correct summary there SS - the country only has hydrocarbons (and some date farms) as their staple sources of revenue - time to man up and put the country’s needs in front of the usual, traditional birth-right of personal corruptive schemes of those self-elected ‘rulers’.
Maybe the likes of BP will now cast an eye over our little PSC - coupled with a tempting scheme to the MNR offering to shock Shaikan production up into 3 figure levels ?
Funnier things have happened.

Won’t be unduly surprised if a takeover gets announced suddenly as Big Oil will now be averse to throwing Trillions into any more offshore lost leader projects. These days of mega offshore projects are gone for ever in the Post Plague new order of oil and gas.
Question is - how much is our PSC worth for the Big Boys running Big Oil - to take the risk to their egos of being hoodwinked at every turn by a bunch of self-made corrupt to the core billionaire tribals ?
Interesting times ahead then.

On the ball as usual H1970 - the buybacks were earmarked for rewarding the management when 55kbbls was (eventually) attained.
unfortunately - MNR payments problems (derived from dealing with an ostensibly corrupt bank), then The Plague have contrived to make the bonanza a little impractical right now ...... but don’t fear, the first hint of any minor BoD success will trigger them, as planned ;)

The company appears to be composed of highly rewarded invisibles both within the mute management team and (going by their consistently missed targets) dubious technical incumbents.
At least they all have a common ambition - to loiter on their cutting edge salaries until the lion’s share of the mysterios buybacks strategy are assigned to them.
Anyone heard from our highly respected legal counsel recently btw ?
What profound function is she being held on retention for in this current state of decline ?

2 predictive comments.
A) Does anyone actually believe that the honourable self-made millionaires in the KRG will actually stand by this interest free ‘paper promise of payment’ ruse and (like the impotent actions over their own corrupt practices) - farcically non-legally binding agreement ?
B) As our BoD seemingly see it as a positive result to their tireless negotiations on our behalf - is it of sufficient gravitas to now justify awarding themselves title to these buybacks as reward for exceptional achievement ?

Will we ever get to the dizzy halcyon days of 1p again !

A veritable tour de force of facts there as usual from your good self Mikey.
More to the point - I'm sure I'm not alone in wondering how your are getting along ?
Oh - here's a supposition to bring a smile: maybe SS is JF in disguise ;)
Continued best wishes to you.

GKP sounds mega there then SS - plenty of justifications for the BoD to open up their buyback treasure chest.
ENQUEST just informed us that our BoD over there will take a voluntary 20% pay cut.
Compare and contrast !

Yes h1970 - I think we are learning how this operates, BoD must be seriously challenged to make even a minor success to justify their assigning the TS's among themselves.
The strategy will be to assign a token number of them among the shareholders - but just wait and see: the lion's share will be to themselves.
Our duty, and only defense as PIs, is to keep pressure on them by anticipating this probable scenario - and maintaining it in the public knowledge.
This will cause them to think twice - or the press will have a field day.

Nice positive thought for Easter there FH1 - but expect something a bit more self- centered for the destination of these dormant shares.
Unfortunately they are only worth 25% of what our far-sighted BoD used up our working capital to acquire after all.

Really none of our business what they intend for the massive, unfortunately timed spend on the buyback campaign.
But you can bet it will be along the lines of some well earned special bonuses for ......... hmmmmm, can't think of anything right now.

Several reason why GKP are seen as secondary: initial hype around Tadd's era all proved to be questionable - and doubts remain as anything from the BoD still taken as hearsay, the great wipeout still with investor repercussions, crap reservoir content and a consistent inability to address it, virtually every management projection fails (- appart from approving totally unjustified personal rewards of course), BoD do not measure up when compared to the DNO team under Bijan - have been to live shows at both companies and DNO (although not rewarded in the same stratosphere) - but they come over as more grown-up, positive and credible (due to their charismatic leader and proven track records) - I would imagine even Cashti had to compose himself before taking a head-to-head with Bijan. It's a long way from 0.7p up to £15 and here we are in a gas, .Covid-19, POO perfect storm.

Fully agree SS - the poor Kurds have been treated abyssmally by their billionaire 'rulers' - we know how things are played out, having been strung along on a catalogue of unpaid debts while those in power are accumulating world class wealth - they may need their Thameside and Stateside mansions when things kick off, as they will.
They laugh at the impotent quaint little courts chasing them in London, treat oil companies like gullible fools - unbelievable that we are again donating free oil to their cause.
Have they cornered poor Jon into to handing over a wad of our bank balance yet ?
We are powerless, but some of the population are ex-Peshmerga ........ 'nuff said.
Wonder what the real story behind the LeboBank excuse is ?

If GKP paid out the ltl of £100m (which may not be the best strategy, unless it gets called in) - we should still be OK to hold out for nearly a year - so in a better situation than most.
I sometimes feel confused - have we been running a business over the past ten + years, or a charity to the benefit of the puppet masters !

Whoops - What color are pots and kettles ?

Lebanese bank in liquidity problems - how convenient.
Wasn't the ex-Mrs Hawrami intercepted trying to smuggle several hundred $million of her husband's loot into Lebanon ? Come to think of it - could have been to a Turkish bank ...... Whatever, old man Barzani locked her up for spilling the beens by going public on the racket.