Member Info for Jim800

Elcapitan / Astle - I have to agree with Bunks, Genel IR messaging has been unclear and incomplete for years now. Monthly RNS' for KRG payments are a good example. Historically, all they ever reported was what had been paid - often no explanation of which month's production the monies were for (someone on here - Boyo I think used to run a table showing which months had been paid for and which hadn't. Genel never did that much), little clarity over rate of repayment of monies owing and very little clear update on new payment schedules. Now I know that KRG non-compliance with agreements isn't Genel's fault but newly agreed schedules were never made clear.
Latest RNS info has got a bit better so we can now see what the money received is for and the total outstanding - so improving but they should have been this clear 4 years ago. Even now, a short paragraph saying the outstanding amount should be repaid in XX months assuming current Brent prices or something similar would help.
Examples:
Latest payment RNS tells us "Genel is now owed $141 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020."
Why not tell us what is delayed oil sales and what is suspended override? Why not tell us how long it is expected to take to repay it?
Latest Tawke PSC RNS tells us about production - why nothing looking forward? How bad is Tawke decline forecast to be? Everyone can see it declining, be honest and tell us what planned Q3 / Q4 production is?

As I've previously said, one thing Genel does have control over in regards to share price is its comms with shareholders and prospective shareholders. The Investor Relations team are appalling. Bland RNS' - differing amounts of information on payment RNS' from month to month, poorly written info on licensing and reserves. It's almost as if the company doesn't want to say anything clearly in case it is viewed in a negative light. Uncertainty far worse than temporary bad news.
If you want to see how well it can be done look at the DEC forum on LSE. The CFO responds to individual questions over investment, acquisition strategy, partnering etc etc - nothing to breach market rules but useful, timely, accurate info, which results in happy shareholders.

Did anyone else notice that the Shell Upstream Director being quoted is called Wael - do you think he had anything to do with choosing the new development name?

Might just be because it's not the 5th Aug yet.

Can also access via DEC Investor relations web pages under Investor Relations calendar / events then click on webcast (but not til 5th Aug).

This is the sort of thing that requires a "big" oil company (or 2 big companies partnering up). 7.5 years from discovery to production!
Hopefully the joint enterprise with Chevron not only reduces capital spend but also ensures 2 independent sets of due diligence, examination of return on investment and verification of reserves.
Like this much more than a few EV points at supermarkets :-)

If not a BSD then the closest we have had for sometime.

All non red font prices welcome.

Thanks PP - that makes more sense. May have twigged it was an EPIC if it had been uppercase.

It's only profit if the return is greater than the cost of installing and running the charging points.

Most supermarkets have them to attract customers, not to make a profit directly. I don't want RDSB to be subsidising Waitrose shoppers (Asda ones maybe).

Didn't understand what that post was about. What updated (assume you meant update)? Who or what is mgns?

Has everyone else sold up and gone elsewhere - not that I'm missing Hinkley.

Are the EV charging points going to be a profitable addition to the bottom line or a loss making attempt to gain some "Green" brownie points and good PR?

That's how you should treat your shareholders.
Well done DEC.
Thanks to RedTom
My recent top ups in the 101s back out of the red today.

Nice to see you're all friends again.
RedTom, did you put that info together from what is already on the DEC site or did you ask the specific questions directly?

Good responses either way. DEC Investor Relations team sooo much better than their counterparts at Genel who just hide whilst there is no good news to announce.

Bunks - thanks for saving the world from my poor IT skills - I did try to copy it honest (twice) - but it came over as plain text, not a hyperlink.
TVM.

Interesting post on the RDSB forum at 2216 Tuesday which links to an article citing some reasons why oil producers' share prices have diverged from the oil price.
Obviously G have their specific issues but all companies suffering to some extent as Boyo's charts illustrate.
Author predicts a correction on the way - let's hope so.

We know and understand the political and linked financial difficulties of the region and assume Genel are negotiating as hard as prudent to get paid, uplift production, develop new areas and flow Gas. However, what they seem pretty inept at doing is communicating anything useful to investors (or more importantly, potential investors).
The Investor Relations area of their website is particularly bland and devoid of dates so you don't know when a question was asked or when the answer was given. As an example, the C&P below is a question we would all like answered. It seems as though the strategy as advertised is to carry on what we've always done, despite the fact it doesn't appear to be working too well over the last few years.
There are lots of things Genel can't control, Investor relations they can - and should be doing much better.

What does the Company plan to do to provide stability and strength to the share price?
“We plan to keep on delivering on our strategy. Genel is focused on delivery – drilling wells, generating cash, adding new opportunities and progressing existing ones, and paying a material dividend. We also continue to appraise opportunities to make value accretive additions to the portfolio, although given the current strength of the existing portfolio and the opportunities available in it we will continue to be highly selective.”

Not sure we can discuss this in global terms as I think there is (and will continue to be) a split between first and third world countries where the first world can afford the upfront costs of low carbon energy whilst the third world can't.
Doubt there are many EVs outside the major cities of Africa, South America, China, the Middle and Far East and who is going to pay for / install the infrastructure. For the majority of the world's population feeding your children tomorrow is a much greater concern than global warming in a decade or two.

I thought the price would have dropped much closer to the 85p issue price in advance of any good news, so to be at this level before next trading statement is still a positive from my (admittedly pessimistic) personal view.
Slow trickle up over the next few years and some news of dividend re-instatement (even an earnings dependant special dividend) or other shareholder return will do me fine.

Boyo - you might be interested in Char's view (or more likely you're just being polite).
Personally I don't think he's capable of a sensible view - over 1000 posts and nothing sensible I can see, except his advice to filter him - which I'm going to take immediately.
He can continue to post his moaning nonsense to keep the filter busy - an even greater waste of his time :-)

"Experienced mixed fortunes....since 2017."
That's an ambiguous summary - nervous Editor at Sky News?

Why haven't I got half page adverts of unclad ladies?
Is this a broker issue or should I contact DEC?
Does the W8BEN form add them or filter them out?
Can I have unclad ladies in a SIPP and an ISA?