Member Info for Jeffrey1979

Would not want to be out over the weekend.... I can feel it in my bones

Thanks Dodger... Wasn't trying to be rude just wanted some greater insight. Uk stocks are a joke as is the country... The laughing stock of the world with a PM that pulls policies around 7 bins and meat taxes which sit at an appendix in some random document... When will the madness end

Cant believe our performance over the last month with the increase in Brent. The govt have destroyed UK oil and gas. Oil near 100 and we are barely off the lows. When is this company actually going to do something for the shareholders.... Buybacks are a total waste and a 7% dividend is a consolation price for the significant fall in cap value. Linda come on love pull your finger out

Well that was helpful.... Company doing well... Doesn't mean it will tank

What's going on... God forbid we got bad results

Thanks confluence... Very bizarre.... So undervalued

Any one got views on the drop or is this just simple ebb and flow... 10% down in just over a week

Got a new one for everyone here. What if BP poached Linda and she took HBR with her... Wouldnt that be nice

The whole rise wiped out - what a joke

They don't care.... All the Board care about is the cream and we are bottom feeders.... Share price up share price down they still get paid

Sorry I am struggling... The rns presents a sell of a major shareholder? Circa 2% and we fall 4 times that and more.... Genuine question or am I missing something

Thanks for views.... Feels like we are in a recession but not for Rishi and the gang.

Anyone got a sensible view on what is going on here. Heavily invested with a shocking rights issue or wrongs issue. Other board suggesting this could fall to 250. Wtf is going on

What's to like when your capital falls by the dividend value each year...

Thanks for link though

Not new just naive.... The situation is known for brown envelopes and is high risk. I would not assume one gets paid and so do we

SOrry - Am I missing something - we have not been paid and payment is at risk still and the oil is not flowing. Just becuase someone else got paid doesnt mean we will and we do not appear a day closer to teh pipeline opening - someone correct me - false hope today?

Rights Issue 100% to pay for their phat paychecks before this is driven in to the ground

Sniff_the_tip: 7 August 2023

HKN Energy Ltd. (HKN) provides the following update on opera�ons, financial posi�on, and recent events.

Iraq Budget Law

• Kurdistan Regional Government (KRG) officials have expressed their view to industry par�cipants,

including HKN, that the recently enacted Iraq budget law will not provide enough funding for the KRG to

meet its financial obliga�ons, including those contractual obliga�ons under the Produc�on Sharing

Contracts (PSCs).

• Earlier this week the KRG received partial funding of $457 million from the federal government of Iraq. A

KRG spokesman commented that the KRG needs $698 million to make its required monthly payments

for government salaries and pensions.

• The Iraq budget law requires the KRG to deliver a minimum of 400k bopd to the Government of Iraq

(GOI) in return for rou�ne monthly monetary transfers from the GOI to the KRG. Such transfers have

historically been based on a percentage of actual expenditure and not �ed to oil sales volumes or oil

price.

• The KRG has appealed to the Iraqi Supreme Court claiming that several articles in the Iraq budget law

are unlawful and unconstitutional.

Iraq Turkey Pipeline (ITP)

• HKN has little confidence that the ITP will open soon.

• If and when the ITP opens, it is unclear whether the KRG could provide commercial assurances to oil

producers sufficient to achieve a production level of at least 400k bopd; the impact to KRG monthly

transfers from the GOI is unclear if the KRG fails to deliver the minimum volume commitment

Sold out - will watch from sidelines -biggets loss in 3 years for me....hope this recovers but becoming a risk of going bump overnigh with dodgy board.