Member Info for Invstrat

Would be nice if he would stop procrastinating and get the threatened 55k/d step-up back on schedule.

At this rate the cash at bank will soon be rediverted into the next BoD bonus payments (as self-reward for actually having 'cash at bank').

SP takes a dive after (apparently) positive news from the Geo presentastion.
If the POO takes a jump next week - we'll see another serious drop in our SP :(

If you had the wildest idea of my losses on here Pointy - you wouldn't be so complimentary young man.

Always a fall right before payment time, regular as clockwork.
Wonder if this share is being manipulated (as if !)

Snap Pointy - so did I, exactly the same amount split 4k, 2.5k ..... haven't come through yet 'though.
Gutt feelings rule, KO.

Stillborn, empty, non-fulfilled promises will be what JF is remembered for after his tenure at GKP I fear.
At least he will leave as a multi-millionaire for trying.
The case around Miss Wood is another damp squib GKP mystery - hired as one of the leading Legal Brains of this World ...... and, well NOTHING.
Fat bonuses and P45 time.
We need Action, not more broken fantasies.

Probably all a smokescreen.
The real cause of delay will like as not be squabbles over the carveup of oil which will be "lost in transit" and who gets a cut of the "signing fees".
Same old, same old.

Thanks for link Rover - hadn't seen it before.
Disappointing that we have to dig around for such information via leaks and rumours when our own management should at least be disclosing that 'parties recently have shown renewed interested in our asset'.
Wouldn't hurt our SP - but of course that type of result is not why we pay them superstar salaries and bonuses for.

Thanks for filling in some of the history here Tevanian - good summary.
Hope you are right re. sales activities ;)

There can only be two reasons for our non-communicating BoD:

1) JF is under the thumb of the MNR (and associated crooks - who put the fear of death into him since his "open and free" speech in Paris July 2015)
2) We are indeed involved in highly secretive sales negotiations.

I'll let myself be optimistic for a change, and assume it's 2) - but I hope to God JF has seen to it that there are several parties swarming around us.

for Genel and GKP seems to be that we are only worth what we have at bank.
Our first rate Infrastructure, PSC, production potential and our massive proven reserves are valued at zilch by the Jeremys, Nigels and Ruperts who run the Stock Exchange.
How do we break out from this unfair treatment by the numbties ?
You free for Squash later Barrington ??

Bit harsh there King.
T21 usually brings some original info on here, which is more than welcome.
Maybe he feels a bit better (best wishes in any case) and well enough to contribute.
IMHO.

That's true SS - I watched them rebuilt the rail system to lever themselves into deep offshore oil in Angola using imported Chinese criminals to do the grunt. Maybe dambuilding or pipelines will clinch the deal for the KRG - but more likely that sweeteners will succeed if sent to private Swiss accounts rather than lofty schemes to benefit the poor Kurds.
JF may sell us out for humanitarian reasons then. As if.

I'm dubious about CNOOC bidding as they focus on Offshore (it's in their name) - so that leaves CNPC from Chinatown. Hope to God JF has attracted several other bidders or we'll be down the Yanktse for a song.
As soon as personnel or equipment from GWDC start mobilising to Erbil - we can be sure that things are moving apace. The Great Wall Drilling Company stand out like sore thumbs wherever they turn up. I'll be keeping eyes and ears open.
As you alude - it'll depend on what's in it for the senior MNR honchoes.

Nice thought Sscot - but the circling bidders may have put a condition on letting elephants loose until they pick us up for chopsticks and a sizeable gratuity.

Congrats and Good News for Genel. DNO missed out there then - but they are more than welcome to take us out as a concilation prize.

So SS this will just rumble along way under valued until the politics get fixed ?
Hope the Chinese drillers find something spectacular to leak back to their mates and get offers on the table.

Re GKP - cash at bank will eventually exceed Market Cap (ie 2P reserves and infrastructure appear to be worthless), POO climbing, minimal debt, owed zillions from our masters (although our coy CEO will never have the cahunas to take them to court over it), recently kick-started (although running late) field development schedule, ridiculously low lifting costs, vastly underestimated CPR....... and we still struggle to hit thrupence a share. What's wrong with us ?

Great idea to ring our own front door bell Cocky - that would at least confirm if anyone is actually turning up to work.
Whether you get over our own doorstep would depend on who had proof of owning shares to wave in the barred windows.
How many of you guys live within striking distance of London ?
I'm not in your UK - or would be there willingly with a list of questions in one hand and proof of eyewatering holdings in the other.
How dare the employees of a public company treat their shareholders with such disrespect.
Maybe invite The Press to tag along and fill them in on the perils and pitfalls of investment in arrogant little companies specialising in broken promises and missed targets.

From memory the smoke and mirrors around playing down the recoverable reserves was simply an attempt to underestimate the true value of Shaikan building up to the (failed) attempt to break Barzanistan away from Baghdad. Its as simple and explainable as that. We are sitting on an elephant of a field and I for one hope that JF doesn't sell us out short. Key to avoiding this next and final GKP travesty will be incentifising JF sufficiently to do the right thing by getting out there, attracting multiple bidders, and thereafter conducting a transparent auction.
Easy innit ?