Member Info for Itsaponzi

After reading the rns I'm more optimistic than I was yesterday!!

I like the cost cutting $1 week burn rate I thought that was double that . Trucking the oil while the pipeline stays closed keeps the lights on indefinitely..

Production restart already to go ..

So it's still a hold for me ..

Once thevpipeline opens and regular payments and receivables start coming in I can see gkp hitting £3 this year ?? We might even get a Christmas dividend ....

Onwards and upwards 🤞

300kbopd ....

Ready to pump 500kbopd !!!

The length of time with the Wells being shut in I would 30kbopd would be more reasonable.

With no payments made for months amd 100s million owed in back payments. Do you really think oilys will ramp up production and capex spend ???

Delusional of grandeur

So a meeting this weekend or early next week apparently!!

Reuters have already predicted the meeting won't go well and oil won't be resuming anytime soon .

To me that's postive as media outlets always give you opposite of what is going to happen.

So I will predict that oil resuming next week will happen. Here is hoping 🙏

Budget bill — or the intra-SAC negotiations with the two main Kurdish parties leading up to it — facilitates or hinders the Iraqi prime minister’s promise to pass a federal oil and gas law during his term. The same feat had also eluded his predecessors. In the past, bargaining dynamics between Baghdad and Erbil over the control of KRG hydrocarbon resources, which favored Erbil, stood as an obstacle to such a law’s passage. It was not in Erbil’s interest at the time to hand over to Baghdad control of production, export, and financial management of its hydrocarbon resources. Yet since the March ICC ruling, which itself was preceded by Iraq’s Federal Supreme Court ruling in 2022 on the unconstitutionality of the KRG’s oil and gas law, the power dynamics have shifted in favor of Baghdad. The more recent negotiations leading to the passage of the budget bill reflected this change. Going forward, the challenges facing Prime Minister Sudani in getting a federal oil and gas law passed will lie not only with the KRG but with other regional oil-producing governorates that are seeking to strike their own hydrocarbon revenue-sharing deals with Baghdad.

Finishing on daily lows everyday now !!

120s tomorrow is a given now new lows are definitely on the cards ..

What is Gkp cash burn per month now ??

Hopefully everything on total stop even their salaries..

$925m a month or $30m.a day loses !! That has to hurt but they seem happy with it at the moment .

More going on here than just money now.

All political between all three involved and at the moment turkey have the Aces ..

Iraq will have to drop that fine ASAP before any oil flows and Iraq are not prepared to do that ..

So it goes on and on

gkp bod won't waiver anything trust me !!

turkey isn't paying that fine thats for sure. iraq don't care about kurdistan producing now otherwise the pipeline would be open now ..

iraq is going to starve kurdistan now with no budget money as no 400kbopd delivered.

this has played perfectly into iraq hands.

obviously iraq want all oilys out of kurdistan so they can take over the fields.

is there a war on the horizon between these two if these issues are not sorted asap ??

anyone else has a better outcome to this ****@ ???

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 !!

Where .......

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 ???

So predictions on closing price tomorrow anyone ???

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?

Link please ??