Still 350kbopd short of their fulfilment of 400kbopd!!
So monthly entitlement will be well short and I probably guess IOC won't see a penny even though they are the main source for their full entitlement and income to Iraq Government..
Hopefully IOC keep them taps well and truly shut untill a payment is made because outgoings will triple per month and GKP will be skint by Xmas .
Kurdistan priority is IOC first .
Red or blue finish today I wonder ???
Probably needs one more tree shake to take out a few stop loses around 115p I reckon ..
The men at the top will need that last top up before the pipe opens ..
Is this the week or Erdoğan cancel his meeting last minute???
Els per day (bpd) of heavy-grade crude oil and an additional 70,000 bpd of mazut from Iraq. This compensation is for a portion of Iran’s supply of natural gas and electricity to Iraq, estimated to be between $10 million and $15 million per day.
The agreement will enable Iran to reinstate its natural gas supply to Iraqi power plants to levels previously agreed upon under a gas export deal. It also allows Iran to gradually increase its imports of crude oil and mazut from Iraq, settling all the debts owed by Baghdad to Tehran.
Yep Market doesn't believe a word from these articles!!
Always false dawns but jus maybe one day someone will print some truth ..
Still lots of brown envelopes to be distributed yet ...
Enjoy your weekend everyone...
Market believes nothing at the moment!!
If nothing happens next week then I'm expecting new lows to be hit ..
Let's hope and prey all this media talk isn't bull like all the overs in the past.
Personality I can't see anything happening but that's my opinion but I hope I'm wrong ???
The Volume is low so don't read to much into a 4.6% rise !!
What day is this meeting next week ???
If Gkp gets over 140p next week then I might believe something is actually going happen for once!!!
The silence from the BOD is deafening 🦻
Oil companies in Kurdistan call for resumption of oil exports.
They have come out the woodwork and have spoken after 4 months of silence.
Erdoğan going to iraq IOC speaking up whatever next I wonder???
The Domino effect has started 400kbopd will be a distant memory soon !!!
We can all see but kurdistan can't..
https://www.rudaw.net/english/kurdistan/260720231
12.5% of budget allocation hence why they can't pay anyone !!
How long can they carry on not paying people's salaries is is anyone's guess .
Gkp will last longer than the civil unrest which is about to spill over in the country if this carrys on ...
This will only end one way if not sorted soon WAR ..
Rich tea or Digestives !! To many false dawns here am I going to hold my breath absolutely not ..
Has the Oil and gas law been signed yet ?? If not forget any oil flowing for a while yet..
Who's holding for the next update RNS ???