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Re shareholders blocked by Clearstream.
https://www.clearstream.com/clearstream-en/securities-services/settlement/a24010-3850758
Had a quick look back over old posts, not hard yes only don't four, and found a gem.....
"RE: LTIP Awards1 Apr 2021 19:20
PUTUP, can you explain if issuing new shares rather doing a buyback is significant ?
I'm asking because a poster on Twitter seems to think this supports their view of an imminent takeover"
Some things never stop giving eh PUTUP 🫣
Increased again, very impolite.
Completely missed it, too busy stressing over my Polymetal holdings 🥵 Someone's keen, I've generally seen it as a good sign when the five figure buys start coming in.
I've greened him, but he's been calling a drop to 90pand doom and gloom for ages, he's just a misery guts who wants a bit of attention.
Apart from the usual trading and buying / selling on the news or lack of, I don't think the APIKUR statement went down well, as it reiterated that they're still stuck and they want mire pressure to stop Sudani dragging his heels. IMO.
Good find! Next month' is quite a wide range of dates, could be 10 days or 6 weeks 😬
Ponzi's just another misery who likes winding people up, he twists information and talks down the share for a bit of Schadenfreude. Before I blocked him I found it best to read his posts in the voice of his Spirit Twin the original Marvin the Paranoid Android 🤖
I like the wording of APIKUR's tweet, they're not going to over-step or over-state the case, but all off their announcements have been very factual, if they're expressing hope then they're confident something will happen, they are not going to attract criticism by expressing hope then it coming to nothing.
Unverified though...
https://www.rudaw.net/sorani/middleeast/iraq/170120242
I've noticed an article from Oil Price Report comes out stating the obvious, ie there's still obstacles, whenever the SP starts a slide 🤔
'Tis a truly noble thing to let people know you have not indeed, partook of buying a share. Second only to reiterating the same pedantic dross that no-one wants to hear, with 'That's it THIS TIME you're all doomed' in a worthy third place, oh and never forget those that contribute so much by truly insincerely saying month in, month out 'I want this share to do well, I really DO, but it won't 😭'. I never tire of reading them, because I filter the Smegs as soon as I see the second repeat 🤣 Have a good evening those who are actually invested and not a miserable dunderhead.
Don't know about news obviously, but I'm not expecting the full year figures to be very good, they've bought in a lot of material to process, but it sounds like it was not top quality, and resale / profit levels might be low until the (expected) up-tick in the world economy which might be in 12 months 🤷🏻♂️ Maybe when the long awaited report comes in there will be a bounce back. I'm lucky in that I'm holding at 9.5, so while it looks poor this is a long term punt for my retirement and I'm adding a few more as funds become available (Tax bill to pay this month 🙄) so paper losses aren't a concern. Also the company announcements can be contradictory or unreliable, which doesn't inspire confidence until there's solid results.
Oookay..... 15-Jan-24 14:00:07 5.70 543,304 Sell* 30.97k 0_0
After the representatives of foreign companies in the Kurdistan Region rejected the price of $6, SOMO offered them another option, the option is to renew their contracts with the Iraqi government and agree on a new price. As is the case in Iraq, company representatives have rejected this proposal.
According to the investigations (Draw), SOMO and foreign companies in the oil sector are now drafting a new agreement, an agreement that will set another price for production and transportation of oil between the Iraqi $6 and $32 in the Kurdistan Region.
The Economic Office of the Federal Oil Ministry estimated the cost of production and transportation of oil in the Kurdistan Region at 8,960 dinars ($6.9) per barrel, while the Ministry of Natural Resources estimated the average cost at $32.91.
This is not the first time foreign oil companies in the Kurdistan Region have met with Iraqi oil sector officials Erbil and Baghdad, November 8, 2023 in Dubai Representatives of the Iraqi Oil Ministry proposed to the Iraqi Oil Ministry that SOMO buy the oil produced in the Kurdistan Region, because according to the contract with the Kurdistan Regional Government
The companies also demanded a clear and detailed legal agreement for the sale and export of oil, including payment of oil sales in the past and future, as a condition for the resumption of oil exports. These companies are owed $1 billion by the Kurdistan Regional Government (KRG).
The Kurdistan Regional Government (KRG) has lost about 80 percent of its revenues since March 25, 2023, when oil exports to the Turkish port of Ceyhan were suspended. They agreed to hand over the process of selling its oil and its revenues to Baghdad just for that. Now that Turkey has expressed its readiness to resume oil exports from the Kurdistan Region with Iraq's consent, the federal government wants to resolve its long-standing dispute before resuming exports.
The KRG's current oil negotiations are only about the issues that are disputed in the budget law, especially the price of oil production and transportation, the other issue is the drafting of the oil and gas law.
The KRG's current oil negotiations are only about the issues they disagree on in the budget law, especially the price of oil production and transportation. The other issue is the preparation of a draft oil and gas law, a law that if in parliament would be the first time in post-Saddam Iraq.
It will settle the oil and gas sector between the federal government and the Kurdistan Regional Government (KRG) and will be a legal document before international courts for any future disputes between Erbil and Baghdad over natural resources.
Https://drawmedia.net/page_detail?smart-id=14504
Posted on ADVFN by Habshan
The Kurdistan Region, SOMO and foreign oil companies are in talks to resolve disputes over the price of oil production and transportation in the region. The companies have sent 18 people to represent themselves in Baghdad. Deloitte, which audits the sale and revenue of oil in the Kurdistan Region sent its representatives...."
Draw Media 11/01/24.
Details of the negotiations between Erbil and Baghdad for the budget amendment.
The Kurdistan Regional Government (KRG) delegation has divided its talks with the Iraqi federal government into three topics, in order to separate the issue of salaries from the oil problem. The Iraqi Council of Ministers is scheduled to meet on Tuesday The meeting will approve the draft amendment to the budget law and decide on an amount of money for First month's salary expenses. The Kurdistan Region, SOMO and foreign oil companies are in talks to resolve disputes over the price of oil production and transportation in the region.
The oil issue in negotiations:-
On the issue of oil, the Kurdistan Regional Government and the federal government disagree on the cost of extracting and transporting oil, the Kurdistan Regional Government says the process of production and transportation of oil in the region costs $32 per barrel, but in the Iraqi federal budget law it's only $6.
According to information obtained from a source in Baghdad, Atwan Atwani, the head of the Finance Committee of the Iraqi Parliament, asked foreign companies in the oil sector to visit Baghdad. The companies have sent 18 people to represent themselves in Baghdad. Deloitte, which audits the sale and revenue of oil in the Kurdistan Region sent its representatives, in the presence of the chairman of the Finance Committee of the parliament, representatives of companies and Deloitte met with representatives of the Iraqi oil marketing company "SOMO"
According to the meeting, SOMO asked the representatives of foreign companies to produce and transport oil in the region, to work for (6) dollars as stated in the budget law, the representatives of the companies refused and said they are losing at that price and they are being paid another price, The KRG has signed contracts.
Mulder, sorry.
Moulder, I would feel more happy with a confirmation that the et al includes GKP but they're short on information sometimes :( if they are though it will put a lot more pressure on The ICG and the Kurds as they don't want to loose control of the flow. I've been wondering for a while if last option plans have been discussed behind closed doors on establishing strong or even permanent alternative routes to market \0_0/
Investormeetcompany.com
GENEL ENERGY PLC will be holding a Trading and Operations Update meeting on 24th Jan 2024 at 10:00am GMT.