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I suppose a lot of people on here are on other Boards, but just in case...

GENEL ENERGY PARTNER'S UPDATE IS ENCOURAGING, SAYS BANK

Published: 07:48 18 Aug 2023

An update from Genel Energy PLC (LSE:GENL, OTC:GEGYY)'s partner, DNO, indicates growing confidence in domestic Kurdistan sales, even though the revenue contributions remain "modest", said investment bank Stifel in a note to clients.

Operations at the Tawke field have been partially resumed with output averaging about 40,000 barrels of oil per day (bopd).

Half of this production is delivered to the Kurdistan Regional Government (KRG) as its entitlement, with the remainder being sold to local trading companies. Notably, the Peshkabir field remains closed.

The selling prices for the oil have been discounted, averaging just over half of what they were before the closure, assumed to be around $30 per barrel.

Payments are now being made upfront and directly to the operator. Stifel estimates that this arrangement results in monthly cash flows net to Genel of approximately $5 million, which should cover the second half of 2023's capital expenditures and operational expenses at Tawke.

For Genel to match Stifel's net asset value (NAV) projections or its previous cash profile, the export pipeline needs to reopen or domestic sales must expand significantly.

The bank's NAV for Genel stands at 143p per share - that's a significant premium to the current 78p price. Still, Stifel is currently neutral on the stock with a 'hold' recommendation.

https://www.proactiveinvestors.co.uk/companies/news/1023919/genel-energy-partner-s-update-is-encouraging-says-bank-1023919.html

Jag81, you're a little late to the party 🥳 did you read through the Tabys App guide on Polymetals website? If you get to the page where Tabys asks for a number, there should be a box underneath with 'I have a code', if you don't have a code from Polymetal then look at the guide in the redomiciliation section of the Polymetal website. If you Have got a code and it's not coming up, then clear the cache on Tabys (in settings) and try again.

Shahz. Not sure where you are up to but if you have supplied the initial information to polymetal, got your code and registered with Tabys (and checked your spam folder), then it is worth emailing Tabys support to make sure they have everything they need, as you should have had the email asking for your computershare holders number / PDF / screenshot. They are usually very quick as responding but ate probably a bit overwhelmed at the moment with all the queries, responses are pretty good usually though.

A few have most haven't by the looks of it, did you get the email from Tabys asking for your Share holder number scan on Computershare?

From another aboard so can't vouch for authenticity.

Kurdistan Watch

@KurdistanWatch

Economist and university professor Nabil Marsumi claims Turkey has presented six conditions to the Iraqi government for the resumption of KRG oil exports:

1. Suspend the Iran-Iraq oil for gas agreement, given Turkey's 50-year oil contract with the Kurdistan Region.

2. Provide compensation for restarting oil exports from the Kurdistan Region.

3. Withdraw Iraq's second complaint at the International Court of Arbitration (2018-2022).

4. Maintain the $13 per barrel oil discount to Turkey as before.

5. Pay the $7 per barrel transportation fee to Turkish company Botaş.

6. Iraq should cover the expenses for repairing the Iraq-Turkey pipeline.

Words like Court Win, shoot, self and foot come to mind....

If that Rapscallion Blue has you genuinely spooked, then go here aix.kz/ and have a look at the governance etc from the about us tab. Also the Telegram Polymetal London Channel is moderated, there's not many bun-fights, no arguing about the war, we're aware of the ongoing risks and there's support in navigating the ongoing challenges, it was priceless to me in getting my head around options.

I'm not going to get into a Big Blue scare-um argument, if you're unsure just email Tabys, only takes a couple of minutes and they respond pretty pronto.

It's legit it's been checked, if you're unsure Tabys are happy to confirm it though.

Related? https://www.apikur.uk/publications/protection-of-contractual-rights-for-international-oil-companies-in-the-kurdistan-region-of-iraq/

Email notification but only to Tabys App people, a lot got shunted into Spam worth checking there.

There's some signs of shares appearing on Tabys now, but most are still waiting, I've checked with Tabys and my registration is ok, they said to be patient, maybe a week.

Urai5. Good to see a breakdown of a possible valuation and you have put a lot of time in to it. On the positive side to add to this, if you look at the last investors presentation, Nesis said they will not make a fire sale of Russian assets, and although there will be a discount on the value, they expect something near(ish) to full value now that the Russian prohibitive legislation does not apply. His intentions on the money varied a little, but he seemed to expect enough to finance Kaz POX, some towards M&A, and a dividend, although he mentioned M&A only once and the other two a few times.

Https ://t. me/POLYLondon copy and take out the spaces or search Polymetal London can work.

Will resume tomorrow. https ://k4txdyb.onk2.com/Runtime/Runtime/Form/MRA.Market+Notice+Document+Display+Form?documentid=526d9af7-afd5-4114-992f-1744ca941410

Https:// www.polymetalinternational.com/en/investors-and-media/news/press-releases/09-08-2023/

CiderKing. The charge is not taken it's a random figure in pennies as part of checking if the card is legit, and with the passport there's loads of tips, some tried dark backgrounds, but most have put them on paper in fair light and held a steady hand, though some have had to resort to using a different device it's very variable.

Sorry this is the link for a year ago article by the same guy

https://oilprice.com/Energy/Crude-Oil/All-Hopes-Are-Dashed-For-International-Oil-Companies-In-North-Iraq.html

Hmmm.... Simon Watkins exactly a year ago......

I think he may be a bit of a doom merchant. How much merit in his latest article? 🤷

ITS A YEAR AGO 👇

All Hopes Are Dashed For International Oil Companies In North Iraq

By Simon Watkins - Aug 08, 2022, 5:00 PM CDT

IOCs get blacklisted from operating in Iraqi Kurdistan.

Two landmark legal rulings made in February by the Supreme Court of the Federal Government of Iraq in Baghdad paved the way for blacklisting the IOCs.

The withdrawal from parliament of Moqtada al-Sadr and his 73-member power bloc has caused chaos in Baghdad.

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Iraq

Any hopes held by international oil companies (IOCs) that the Baghdad-based Federal Government of Iraq (FGI) was just bluffing about blacklisting IOCs operating in the semi-autonomous Kurdish region of Iraq have been dashed. A letter sent on 12 June by Hassan Muhammad Hassan, the deputy director general of the state-run Basra Oil Company (BOC) called on ‘all lead contractors and sub-contractors’ of IOCs working in Iraqi Kurdistan to pledge that they would no longer work in Kurdistan and that any current contracts should be terminated within three months. This has been followed up in the last few days with an order from the BOC director general, Khalid Abbas, to ‘all lead contractors’ that orders them to ‘suspend dealing with the following subcontractors and never invite them to any future works or projects in BOC oil fields as per the licensing contracts signed with your companies.’ According to local reports, multiple oil companies working in the northern Iraq Kurdistan region (including DNO, Western Zagros, Gulf Keystone, Genel Energy, and ShaMaran Petroleum received a letter on 19 May summoning them to appear at the Commercial Court in Baghdad on 5 June), whilst the most notable of the four IOCs blacklisted a few days ago was U.S.-Irish oilfield services giant, Weatherford International, according to Iraq news sources.

ONE YEAR AGO, NOT YESTERDAY. 👇

https://oilprice.com/Energy/Energy-General/Iraq-Unwilling-To-Resume-Crude-Exports-From-Kurdistan-To-Turkey.html

BSR just drawing a comparison on the Times Radio hosting Ben Hodges, still banging on and on about Ukraine retaking Crimea, while at the same time CNN posted a video interview, saying 55% of Americans oppose another Aid Package and that Ukraine has only retaken IRO 10 square miles of territory since the country offensive began.

BSR just on your second favourite topic, Times Radio on YouTube has Ben Hodges going on about what will happen WHEN Ukraine takes back Crimea, and the audience is living it, and 3 hours ago CNN posted this htt ps:// youtu. be/kyaALHVnEW8 55% of Americans oppose another Aid package, and the Ukrainian army have taken 10 sq miles of territory in 2 months (with massive casualties). Hold on Polymetal, those mines may be worth something!