The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
That might be one 0 too many Roxi? Still goes to show politics and politicians never really care about bankrupting a country. I've half a thought it's designed to bring Kurdistan oil under SOMO before the IRC loose their chance post pipeline contract renegotiation 🤷🏻♂️
Asked the question myself, answered was understandably vague, but there should (as I think Belgrano pointed out) be some indication of intent or otherwise from KRG as to what their intentions are later this year as negotiations can open a year before (I think I heard that correctly).
Investormeetcompany.com
Genel Energy have an investormeet.com presentation starting now, that question might be a good one for them as they're broadly in the same boat
"March 22 (Reuters) - The United States has urged Ukraine to halt strikes on Russian energy infrastructure, warning that drone strikes risk provoking retaliation and driving up global oil prices, the Financial Times reported on Friday, citing people familiar with the matter.
The attacks helped boost oil prices that have risen nearly 4% so far since March 12, when Ukraine first started targeting Russia's energy infrastructure. A further rally in gasoline prices in the United States would weaken President Joe Biden ratings and undermine his re-election chances."
h**ps://www.reuters.com/world/europe/us-has-urged-ukraine-halt-strikes-russian-energy-infrastructure-ft-reports-2024-03-22/
Is itsaponzi (a) the old itsaponzi or someone making fun of him 👀
Can't see anything on any platform or in news, and unless there's something coming in the next earnings update that's bad, though can't imagine what other than a bit less profitably. I'm assuming people are getting fed up and don't want to wait till Q4 for the reserves report to come out, then maybe another year or three untill things get rolling properly 🤷🏻♂️ I'm a lucky latecomer in at 0.065 so am happy to let it sit there for a couple of years and see, feeling for those who bought in the excitement before all the delays settled in. I'm only holding because of various invested parties and the fact it's LSE main market, rather than AIM gives me a little confidence there's an intention to develop, not just a lifestyle package for the Directors.
There's an additional presentation here, it started at 10 but I think you can listen from the start, imagine it will just be the same as the investors presentation hxxps://brrmedia.news/GKP_FY23
For someone who has 'stood in the sidelines' for years you've got an awful lot of exactly the same thing to say, into the sad case filter you go.
I think you're getting common sense mixed up with politics, they don't care about the lost revenue it's not coming out of their pockets. BUT, one way or the other I'm confident there will be oil flowing, just a matter of when, I've bought up to my limit and can wait a month, 6 months, 2 years for the pipeline contract to end, will be a good retirement investment.
Someone just decided to scoop up £100,000 worth of GKP 🤔
From ADVFN, point of optimal tension reached now I think.
https://www.kurdistan24.net/en/story/34270-U.S.-Presses-Baghdad-to-Resolve-Disputes-with-KRG-ahead-of-Sudani-Visit:-Report
Yea, maybe some Iranian oil is making its way West, but it was a political comment he made to try to make use of anti-Iranian sentiment in the US. It's about time that Baghdad got called out and pressured, AND Kurdistan, because they could have instigated trucking operations way before now.
Wonder how much it would cost for the IOC's to build their own damn pipeline 0_o
😂😂😂😂😂😂😂😂
Simon Watkins has been posting the same things for months now it's clickbait, there are people really HOPING that GKP will be assimilated for a nice price, IOC's can't be taken over or taken away, the ruling of the Iraqi High Court that the contracts are illegal is irrelevant, that's why the ICG haven't just taken control, the contracts are guaranteed by international law and can only be changed with the agreements of the IOC's, that's one of the reasons why things are stuck.
Sunday morning. Another one filtered 🙄
This is excellent calling out and cutting through the compulsive lies of a lot of officials, it's accepted that politicians will lie in Iraq, and while the local population will accept it, APIKUR is calling it out, there's NO agreement, BUT the IOC's and the US are turning the screws and the more into a corner they are forced, the more lies will come, may take a few weeks for Iraqi officials to finally realise they can't fib their way out of this one. And there's a lot of pocket lining still going on on both sides, I wouldn't be surprised if there's a general agreement from officials to delay things in Iraq and Kurdistan, they're making a mint. It was questioned why Kurdistan are not trucking the oil already, because theyrecsiohonig off funds at the IOC's expense. All that said, GKP are making a profit and the wider picture is still there, water, grindingly slow progress, international aid, strengthening ties with Kurdistan and Anthony Blinken kicking butt. Still staying positive on the future here!!
Couple of thoughts, one is that the OIC's and APIKUR are trying multiple avenues of applying pressure on Baghdad, and it may be hard to see when the breakthrough will come, second is Sudani has no real intentions of restarting the pipeline, he's flushed $9 Billion or more down the drain rather than give up oppressing the Kurds, BUT I don't think he can plan his way out of a paper bag, and when Blinken gets his paws on him he will come under immense pressure. In the meantime, sales are study if not growing and there is at least talk about alternative routes to market should the Kurdistan government get completely fed up of waiting for a resolution. Feeling steady about GKP now.
Yea, it's true when the PM's say it and a RNS lands on our doorstep, all the rest is lying politicians and people hoping to get in before the stampede, with a thin sprinkle of lucky peeps in the know. In the meantime, steady sales, possibility of growth or slight rise in prices locally, talk of alternative routes to market to scare Sudani and thirsty Iraqis, apart from the latter what's not to like!