The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I like that they are all sticking together and nice payment will have to be made before any oil flows !!
Still months away before anything happens. I have given up on year this with the pipeline opening as iraq wants it shut as long as possible..it will be full year on closer before any resolution is sorted with these mugs.
Zais stressed that even if Ankara, Baghdad, and Erbil were to reach an agreement on resuming the exports, the governments still have to ensure the financial rights of the IOCs are accounted for and the contractual agreements are honored, otherwise there would be no oil flowing through the pipeline.
“The problem you’re going to have is if the pipeline opens and there is no commercial solution on how to repay the IOCs that are producing that oil, then you’re going to have an empty pipeline and we’re not going to put oil into that pipeline,” said Zais.
My prediction for yesterday was wrong as I said 105p finish and ended at 100p ..
Let's go with a 95p finish today but all irrelevant to be honest.
The will want this in the low 80s before closing and will probably get their wish ..
Let's hope pipeline resumption catches them of guard.here is to hoping 🙏
Can't see a rise today GKP just doesn't do that as history tells us !!
105p finish and back into the 90s by Friday.
Shorts have increased remember and they normally win the day.
They will want this in the low 90s to close ..
Let the games begin.
The next RNS will be either pipeline open or 45kbopd local sales achieved
1. HCL
2. SOMO legal oil sales
3. Ramp up to 85kbopd in 2024
4. Oil price $100+ in 2024
5. PSC legitimate
6. FDP
7. Dividend reinstalled in 2024.
8. Special divi from Santa 2023.
9. Increased P2 reserves how many billions ?
10. Buy out 2025 £15
See you all on the otherside
It remains uncertain because when the pipeline opens it will stop ASAP !!
Read between lines as basically they are saying they are ready to switch .
Plus other Wells are coming on line they wouldn't be doing that if the main pipeline wasn't opening.
Be ready for a RNS saying transferring to main pipeline for testing and a big payment.
They can pressure test it with air first!!
No payment no oil simples as that .
Just keep selling locally gkp as its cash in bank ASAP .
These thieves will stuff you the minute you put oil down the pipe as no moneys will be paid for months .
They have to show some loyalty to the IOCs first before any production turns to the pipeline.
So there we have ot a catch 22 going nowhere again .