Member Info for Invstrat

Am I reading tis correctly:
HasThe Oz just picked up 187,500 shares (current price £235) - winning him over £400k !
For doing exactly WHAT ! (that he is already being fabulously rewarded for - ie the non-progression of our SP).
Who's next in line for a similar stroke of luck then ?

wish DNO would just take us and GKP out.
Put a stop to this Groundhog Day existence !

I have no problem in being wrong T21 - when it illicits good, solid facts and stimulating debate from the likes of yourself. Keep it coming please.....

I mistyped that in the chopper: 2024 should be 2014 ...... But no doubt the premise it will still be valid by then too ;)

This analysis won't be of much interest to new investors, I understand.
But anyway, lets dig in for old times sake.
Yours sums are just dandy, but let me sprinkle some oilfield reality on them There has been NO Capex invested in GKP since 2024 !
Why, we now have in excess of 200M resting in a bank account - and STILL no Capex spend.
Lets consider Ohpex Oh please: lifting costs sub 3/bbl and the business is still stagnant.
Heads in the BoD need to roll.

This is a major bone of contention for me shandy - Sami doesn't appear to have to keep the tab updated (plus interest, cumulative, it should be notes) on the company's books, and why has it not been openly pursued ?
It appears that our Jon is in fault of his fiduciary duties and is brainwashed into fear of repercussions from the rulling MNR tribals - to send in the bill on our behalf.
When DNO takes us out for 500M in their next tilt at us, their ballsey MD will demonstrate to our absentee BoD just how debt recovery should have been executed.
Why 500M ? This 350 debt plus interest, our cash of some 250, minus our 100M current loans. Er that would get him GKP, and their rumoured OiP - which is seemingly both fictitious and worthless - for nought. What a coup for his shareholders.
Don't cause a commotion over this then would be my advice shandy - it will all be lost and forgotten in the annals of time.
The other contentious item which should not be forgotten - were the Bonuses and Incentives which were unbelievably awarded and no doubt gleefully accepted by our erstwhile invisible BoD - just after we PIs were destroyed and the company was gifted to the bondholders - all this at a time when borrowing rates were under 3% !
Maybe the debt was written off as part of that larger deal ?
Who knows, who cares, who dares to believe that some of us have conveniently forgotten.

Any of you gurls or guys near the hallowed GKP offices in London ?
Wouldn't expect anyone actually in to answer, but it would be interesting to know if the lights are ever on ?

All that money doing nothing for us in our bank account.
Must be time for new BoD bonuses all round guys.
Better see to it before these pesky share holders start mumbling about paying out some of the stagnent cash in dividends.
Nobody wants us as a going concern - maybe DNO will put in another offer. I won't be surprised if it equals our money at bank - and they'll probably get us (specially if the BoD are promised continuing gravey train employment at Vice President status in the dynamic DNO !)
Nought surprises me.
This will end up as a Case Study in Business Schools on how to miss-manage an asset (and get rich in the meantime).

Oh yes weathervane - my losss on this are 20 X your figure ........ so I know exactly how you feel. This has been a disaster for me of huge magnitude - all that cheap to recover oil, sitting between European and Eastern markets, managed by an absentee team who are vastly overpaid for achieving absolutely nothing - year in, year out. At least we have contributed to the tribal rullers vast wealth. I often see young Kurds of the rulling mafia parents swanning around DXB and other watering holes in their exotic sportscars - little do they know or care that it is us PIs to thank for their debautched lifestyles. What goes around comes around - eventually, can't wait until it's our turn ;)

Excellent summary T21 - emphasising why us small fry should steer clear of the so called 'markets '. The dice are pre-loaded against us from day 1.

support for the Kurds must do the likes of us some good ?
Then again oil screaming up through $80 on the way to a New Year $100, and China's NEXEN backing out of all USA production and surely looking for somewhere to buy into, Iran's production being removed from the market, all IOCs in an expansionist mood currently ..........
But no - we're still squirming along at under 300p (3p Old Money remember).
Can't you just hold an open auction Jon, and get us out of the eternal GKP Groundhog Syndrom ?

I think we all really really hope she can pull off what she's been hired to do.

Googled the delicious Miss Wood - degrees in Fahrenheit AND Centigrade, and more letters after her name than you can shake a stick at.
Can only be here chasing up merger(s) or acquisition (in or out).
Maybe Jaap will be offloading some of our superfluous, non-achieving baggage soon then.
What a team we could have had if the Strategical Genious MP was still around !
Perhaps our healthy bank balance will be soon diverted into well-earned bonuses allround at sellout - rather than that silly production enhancing oilfield equipment ?

Kimberly can counsel us as to what on earth her new colleagues do for us day to day 'cos nought seems to be getting done around here.
Trust you have pencilled in for the next meeting of our remunerations committee - you may even get to meet some of them - if they turn up.
And of course, welcome onboard our gravey-train. All aboard.

Than they know what to do with obviously !
Howz about paying yourselves a big fat bonus guys ?
Clear off our debt ?
Or pushing the boundaries of human endeavour by investing it in upping our production ?
Safe stock indeed - could we hire in some oilfield experts who know what in h*ll we should be doing right now to increase production ?
('cos this team seem wwwwaaaayyyy out of their depth).

In this age of instant and in-depth information - we can be sure that the general population in Iraq know exactly where the revenues from their oilfields have ended up.
Tinpot dictators, their famillies, tribal pecking orders and their henchmen, together with stratas of well-connected government "ministers and consultants" hanging around imposing offices in Erbil and Baghdad - have all had a selective share of the country's bonanza.
No mystery there.
Papa Bar-z is rumoured to be sitting on a personal of $3Billion - not bad from his salary as Presidenti of Kurdistan on a declared $110k/annum.
The extended familly have cunningly secured themselves in their "get out of trouble kwik" well guarded estates in the US- an embarassing display of unearned disposables if the sh*t hits the fan Stateside.
The Donald's bureaus know damned well what has gone on, and who the benefactors are.... he will be seriously lothe to fork out $70B of his US voters' taxes to rebuild Iraq while the scam continues under his nose.
Wonder if a witch-hunt is brewing, or a trade-off / 'blind ear' deal to turn Iraq into a US garrison - neatly bufferring Iran and any plans which Putin has to spread the undoubted benefits of Communism Southwards into the disgrunteled poor of Iraq.
Interesting times indeed - pity we lost our shirts along the way.

Is there an alternative site for those embroiled in feather-ruffling and pointless insult throwing ?
I'm only on here to pick up any relevant info which may influence the outcome of my drastic investment mistake.
A bit disappointing that erstwhile valuable contributers spiral into cheap ****ging matches which have no place on this site.
You should be ashamed of yourselves.

Don't hold yer breath on this Jonny - Big Oil won't touch us because of the massive corruption.
Many palms need to be greased (both ways I fear) before GKP gets taken out.
Here's hoping the deal won't be done behind the scenes on a "special price for you, my friend" basis.
That's an HUGE concern imho.

I have learnned to take anything around GKP with a pinch of it. Groundhog Day rules - a BoD and senior management becoming world reknowned for awarding themslves fabulous salaries and bonuses for achieving absolutely nothing - day in day out. Production from such a fertile field will , like the poo, inevitably rise - but I fear that the increased cashflow will undoubtedly be absorbed by a magical spiraling of operational "management and doing business in Koruptistan" via creative accounting. The Bond holders have learned from past successes just how easy it is to cream the few remaining shareholders (remember the astonishing offers extended to the BoD at 100:1 destruction time) - so no doubt they are scheming away behind the scenes to wear is down.
Wonder if we will get taken out at anything resembling market value ? Very suspicious that no bona-vide oil companies have appeared out of the desert.

To change the theme a bit - we haven't heard a squeek from Hawrami (The self-made millionaire head of the Kurd Ministry of Natural Resources - and owner of a very exclusive pile on the banks of the Thames.... a handy bolt-hole if he needs to escape from lynching by the locals or being banged-up back home in Erbil - where he seemingly resides in a veritable palace !).
I'm still confused as to how these tribal rulling guys holding the reigns in empoverished Kurdistan became so horrendously wealthy so quickly on their $100k/yr government jobs ?
Lets assume Deloitte's eager young executives will screw up royally, and dig deeper into the missing Billions they know damned well have escaped from oil sales.
"The Natural resources of Kurdistan are the assets of the Kurdish people" - as if.