How much oil does Ninawa and kirkuk oil fields Produce for kurdistan??
So is iraq just taking them from kurdistan with no fight !!
Can anyone shed any light on this situation ??
Confused. Com.
Surely big institutions would have been selling months ago if this was a big issue !!
The KRG's access will be eliminated to the already-developed oil fields in its administration areas placed in the provinces of Ninawa and Kirkuk. Also, the federal budget demanded that the KRG deliver at least 400,000 bpd of oil in order to receive its full share of the budget, which was well beyond the region's actual oil production capacity, especially considering that most oil fields within the KRG's territorial area had been shut down for over two months.
What does that mean for GKP oil fields ???
Unless some law has been passed on this disputed area !! Really confused now...
Https://oilprice.com/Energy/Energy-General/When-Will-Kurdish-Oil-Exports-Resume.html
That doesn't read to well !!
Looks like oil resuming could be months away now .
Might be time to sell gkp as it's only going one.
way.
Iraq is screwing kurdistan there is no way they can deliver 400kbopd. Iraq is accually profiting from the closer so why rush .
They will keep it closed for as long as possible...
Market marking us down as
This is only on a downward spiral now untill this pipeline is open ...
Ironic that they pass the oil and gas law after all them years waiting and GKP is producing zero barrels .
You couldn't accually make it up but then again it makes you wonder if this was all orchestrated to get all oilys out of kurdistan by bankrupting them all.
Nothing surprises me now with the corruption that goes on.
Poor old PIs get shafted again ..
Hope I'm wrong though !!
This isn't going anywhere until that pipeline is open !!
How the hell they can deliver 400kbopd is beyond me.
Iraq have lent $300m to kurdistan I wonder were that money will be distributed??
Scim $100m first pay a few salaries and say to the oil companies you will have to wait a bit longer..
If I was them I wouldn't turn any taps until a payment dropped into account.
You can sit at home and earn no money ..
Turkey won't play ball that's for all to see so what's next ???
Let's see shall we I'm definitely long but this market always does the opposite of what you think !!
You must be a millionaire if you know what's going to happen Monday?? I seriously hope you're right !!
A 3% to 5% rise isn't irrelevant in my book a 20% is irrelevant with the news this weekend...
Will kurdistan deliver 400kbopd!!!
Screwing oil companies with payments will come back and bite them now.
Just can't see anywhere close to it for at least 1 year and that's with receivables and regular payments.
Mr Market will have his say Monday on the situation as per normal they will probably drop us 10% ???
That all reads postive !!! Oil needs resuming ASAP and payments now...
So what articles are left that can screw gkp still ???
Waiting for a suckered punch 👊 somewhere.
Hope not because a lot of LTH have been waiting for this day.
The Market will decide Monday as the share price is mostly political risk which that has been removed now???
That's every Kurdistan oil company then !! They're all financially stretched as none are getting payed ..
The Big hitters need to come into Kurdistan and swallow all these companies up when all crap is sorted.
It's the 400kbopd they promised to deliver which won't be easy as all Kurdistan oilys have cut capex by 50%.
That could change if receivables get payed over the coming months ??
But an oil company selling legal oil throughout SOMO obviously becomes more attractive to the big boys plus they can add 100s of millions in P2 reserves which looks nice on your asset sheet..
What is 800m P2 reserves and 55kbopd worth these days?
Recep Tayyip Erdogan
ERBIL (Kurdistan 24) - The Kurdistan Regional Government (KRG) Council of Ministers on Wednesday held its weekly meeting, headed by Prime Minister Masrour Barzani, to discuss several items, according to a KRG statement.
In the first item of the meeting, the Prime Minister highlighted the latest developments in the Iraqi budget bill for 2023-2025 and the efforts to resume oil exports within the framework of the agreement signed between Erbil and Baghdad.
The Council of Ministers reaffirmed its support for the Erbil-Baghdad agreement.
It also called on all Kurdish factions in the Iraqi parliament to defend the constitutional rights and financial entitlements of the Kurdistan Region in the federal budget bill.
Another BOD buy on Genel !!
What's happening a lowball hostile take over coming ??
All convenient this buying while the pipeline closed and genel share price low ..
And the buyers are turkish so just connect the dots I suppose...
GENEL
200k buy and 4 x 50k buys gone through on Genel !! Probably the same director who bought 100ks recently.
Something definitely brewing now.
Are we priced now for a pipeline opening ASAP then when it actually opens. We will probably drop.back until payment structure is confirmed???
Sell on news never seems to fail me ...
Https://shafaq.com/en/Economy/Iraq-Negotiating-with-Turkey-for-Kurdistan-Region-s-Oil-Re-exports-says-Iraqi-Oil-Minister
Turkey will want that $1.5b fine dropped before any oil flows!!
Or pay it back over time from their share of oil exports ???
Hurry up ffs
It's remarkable that Genel is only 6& down since pipeline closer!!
We are 30% Dno 16% down .
We are like Tottenham in the PL we get battered every where we go.
So do I sell now and rebuy back next week at 128p ??? Do I want to be out over weekend 🤔 the directors buys on Genel must mean we're close !!
Decisions Decisions ..
Have a good weekend everyone and enjoy your family ...
Https://www.kurdistan24.net/en/story/31567-Invest-in-Kurdistan:-A-new-guide-for-investment
What planet are these politicians on !! Who would invest 1p into kurdistan with what's going on at this present time.
Basically invest millions in our country and we won't pay you and then take away your asset yer right we will tottaly delusional...
Floated at 250p which was a ridiculous valuation!!
True value here is 50p to get inline with likes of harbour and enquest in the NS !! Mcap £1.6b when Harbour is £1.9b and production 3x more just doesn't make any sense .
Give it time the drip will be a slow death here over time ..