Member Info for Kheldar

Looks like the yanks won’t be leaving Iraq anytime soon.

Eid Mubarak to all Iraqis and Kurdistan people. Celebrate your Eid and let’s get this oil flowing and let’s all make money instead of war. 🙏

https://www.defense.gov/News/Releases/Release/Article/3735450/usiraq-higher-military-commission-principals-meeting-statement/

Sudani taking representatives of KRG with him to meet sleepy Joe. Bodes well methinks.

https://www.rudaw.net/sorani/world/090420244

Rudaw - Washington

Iraqi Prime Minister Mohammed Shia Sudani and a high-level delegation, including representatives of the Kurdistan Region, will be in Washington next week to discuss various issues with US officials.

One of the most important meetings will be at the State Department, which will be the meeting of the Iraqi High Coordination Committee. A State Department spokesman told Rudaw that the meetings will begin next Monday.

"The US-Iraq High Coordination Committee will meet next week on Monday to focus on the priorities and broader relationship between the two countries, including energy independence, economic reform services for the Iraqi people and strengthening democracy," Miller said and there will be the rule of law as well as educational and cultural ties."

The Kurdistan Regional Government (KRG) delegation will participate in the meetings and the United States intends to resolve the issues between Erbil and Baghdad and the Kurdistan Region, "a resilient and strong region.

"Representatives of the Iraqi Kurdistan Regional Government will participate in these talks. The United States supports a resilient and strong Kurdistan Region within a strong, federal and stable Iraq, and we encourage the Iraqi and Kurdistan Regional Governments to make their efforts," State Department spokesman Matthew Miller told Rudaw "They should do so to solve their problems and provide economic prosperity for all Iraqis.

Iraqi Prime Minister Mohammed Shia al-Sudani and US President Joe Biden are scheduled to meet at the White House this afternoon. This meeting will show how successful this visit was.

The meeting also discussed security and energy relations; They will also discuss the remaining US troops in Iraq, the strengthening of armed groups in Iraq and the problems between Erbil and Baghdad.

د. "The meeting will also discuss relations between the Kurdistan Regional Government and the Iraqi federal government, which have had many obstacles and the United States has encouraged them to resolve them. I think the prime minister did a good job to reach a bilateral agreement," he said At least time to resolve issues, until all issues are fully resolved and we hope these relations will continue to be strong.”

The Iraqi prime minister is scheduled to meet with the media and research centers to discuss Iraq-US relations and the situation in the region.

@broadfordbay - surely that can’t be true can it? After all an Iraqi minister told us a couple of weeks ago that they were still waiting for the documents. 😂

You seem to be disappointed in the share price trajectory - strange.

What do you guys make of this? Is the bottleneck the transportation fee the Russians want? It looks Sudani talked to these russian companies first.

https://twitter.com/KurdistanWatch/status/1777091351219224661

Representatives of two major Russian oil companies, Lukoil and Gazprom, arrived in Erbil today to discuss KRG oil exports and the development of Kurdistan's oil fields.

Details: A delegation from the two companies separately met with the Minister of Natural Resources and the Head of the Diwan of Prime Ministry Omed Sabah in Erbil.

According to Sabah, the meetings discussed the agreement between the KRG and the Iraqi government to resume oil exports, as well as the investment activities of Russian companies in the region.

Later, Vadim Botakov, Director General of Russian Gazprom in Iraq and the Middle East, visited the Prime Minister's Office.

Sabah stated that the meeting emphasized continuous coordination between the KRG and oil companies, as well as the KRG's ongoing efforts for strategic partnerships with oil companies and resolving oil and gas issues between the Iraqi Federal Government and the KRG within the constitutional rights of the Kurdistan Region.

The development of oil fields was another topic discussed between the Head of the Bureau and the Russian company's representative. Sabah reaffirmed the KRG's support for the energy sector and oil companies operating in the Kurdistan Region.

In 2017, the Russians established a presence in the KRG's oil sector, with Rosneft owning 60% of the Kurdistan oil pipeline worth $1.7 billion, according to an agreement signed in the presence of the KRG Prime Minister, Deputy Prime Minister, and Minister of Natural Resources.

Oil exports from the KRG have been suspended since March 25, 2023, prompting foreign oil companies to write a letter to the United States demanding pressure on Baghdad to resume exports.

Despite the suspension of exports to the Turkish port of Ceyhan, companies are currently producing 200,000 to 220,000 barrels of oil per day in the Kurdistan Region.

After resolving the salary issue, the Iraqi authorities are expected to work on resuming oil exports from the Kurdistan Region, as the budget law requires the KRG to export 400,000 barrels of oil per day, with the revenues going directly to the Federal Ministry of Finance. The only disputed issue between Erbil, Baghdad, and foreign companies remains the cost of oil production in the Kurdistan Region.

Just when you think this is turning a corner you get sucker punched by the BOD.

Why not wait and use the money from sale of MJF? As it stands we are going to get a minimum 5% dilution on failure. If successful 10% dilution and then the firm $5m of income we have to pay out as well.

This member of the concert party is having his cake and eating it.

On failure he still gets rich on casp share appreciation on the back of sale of MJF or success on block 8 or deeps.

This is a pure derisking play with us casp shareholders as the patsies.

I’ll definately be voting no. I know it will go through no matter what but a John percentage no vote will be a warning sign for this bod. The independent members of the bod are not really independent if they think this is okay

Still think this will come good but not too happy with the dilution

I agree with you Porky that the company has made a right pigs ear of it all. I invested because of CLX and I’m still confident that will be the company maker even with all the crap going on.

In the interim share price may fall but 1p really? Surely even you don’t believe this Porky.

Kudos for calling it right so far but I find it hard to believe that someone spends years on a chat forum but is not invested and thinks the company is now a broken record 😂

It’s not just walleye and itsaponzi that are short here. There were a few others just below the reporting 0.5% so hopefully they’re all scrambling for shares 😂

Usually Apikur have called out the IRG for their BS but not this time. Could be they are waiting for a meeting with KRG before posting.

Atb

More confirmation of some sort of deal by President of Iraq

“ The President of the Republic, Abdul Latif Jamal Rashid, confirmed today, Sunday (April 7, 2024), that an “appropriate solution” had been reached to export Kurdistan’s oil and employees’ salaries.” (Courtesy of google translate)

No idea what this deal mean for the oil companies. The fact Barzani has gone back happy means he’s got what he wanted but doesn’t mean it’s what the oil companies wanted. One way or another looks like April is going to be the month of make or break.

ATB

https://baghdadtoday.news/246598-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9-%D9%8A%D8%B9%D9%84%D9%86-%D8%A7%D9%84%D8%AA%D9%88%D8%B5%D9%84-%D8%A5%D9%84%D9%89-%D8%AD%D9%84%D9%91-%D9%85%D9%86%D8%A7%D8%B3%D8%A8-%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D9%86%D9%81%D8%B7-%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D9%88%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-%D8%A7%D9%84%D9%85%D9%88%D8%B8%D9%81%D9%8A%D9%86.html

Translated using google translate:

“The President of the Kurdistan Region, Nechirvan Barzani, confirmed on Saturday that an initial agreement had been reached on the oil file, which is one of the most prominent outstanding problems between Baghdad and the region.”

Hopefully the IOCs have had input rather than something that will be foisted on them.

https://www.shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D9%86%D9%8A%D8%AC%D9%8A%D8%B1%D9%81%D8%A7%D9%86-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D9%85%D9%86-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D8%B9%D9%86-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D9%85%D8%A8%D8%AF-%D9%8A-%D9%84%D9%85%D9%84%D9%81-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D9%85%D8%B9%D9%84%D9%82-%D9%88%D8%AF%D8%B9%D9%85%D8%A7-%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A

IMO Sudani is siding with the Kurds. The problem is some Shiite members of his coalition are not on the same page and they just happen to be in control of the oil and finance ministries.

On Saturday sudanis spokesman said budget to be approved within two weeks https://ina.iq/eng/32036-council-of-ministers-will-approve-the-budget-schedules-within-two-weeks.html .

Today a spokesman from finance ministry contradicted that says the budget schedules have been put on hold. https://shafaq.com/amp/en/Economy/Lawmaker-attributes-the-delay-in-budget-approval-to-rising-deficit

We now see Sudani firing back with this article tonight where he is calling out members in his own government.

https://www.kurdistan24.net/ar/story/47806-%D9%86%D9%87%D8%B1%D9%88-%D8%B1%D9%88%D8%A7%D9%86%D8%AF%D8%B2%D9%8A:-%D9%88%D9%81%D8%AF-%D9%85%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%D8%A9-%D8%B3%D9%8A%D8%B2%D9%88%D8%B1-%D8%A5%D9%82%D9%84%D9%8A%D9%85-%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86

Its in sorani - google translation:

Erbil (Kurdistan 24) - Deputy Chairman of the Oil and Gas Committee in the Iraqi Parliament, Nehru Rawandzi, confirmed on Sunday that some officials in the government of Muhammad Shia al-Sudani and the Federal Ministry of Oil have a plan to undermine the constitutional entity of the Kurdistan Region.

Nehru Rawandzi said in a statement to Kurdistan 24 that a technical and legal delegation from the Federal Ministry of Oil, under the guidance of Federal Prime Minister Muhammad Shia al-Sudani, will visit the Kurdistan Region.

According to Rawandzi, the delegation of the Federal Ministry of Oil is scheduled to meet during the visit with the Ministry of Natural Resources of the Kurdistan Regional Government, in addition to oil companies operating in the region.

The Deputy Chairman of the Oil and Gas Committee in the Iraqi Parliament explained that the aim of this visit is to resolve the issue of extracting and producing oil from oil wells in the Kurdistan Region, in addition to discussing the resumption of the region’s oil exports.

Regarding the timing of the visit, Rawandzi stressed that the delegation of the Federal Ministry of Oil should visit the Kurdistan Region, before the scheduled visit of the Federal Prime Minister to the United States.

He stressed that "some officials in the government of Muhammad Shia al-Sudani and the Federal Ministry of Oil are seeking to obstruct the resumption of the export of Kurdistan Region's oil, and they have a plan to undermine the constitutional entity of the region."

He pointed out that the issue of resuming oil exports is more political than an economic issue, as the federal government is using this issue as a means of putting pressure on the Kurdistan Region, and therefore international pressure should be exerted on the federal government to address this.

One way or another something has to give i

PM2022 - I don’t blame any of your posts for my investment here. I made the decisin to invest in the back of CLX. Personally I had no confidence in 201 and still don’t. 3 years and still nothing is really telling. Look back at how Suzy described these drugs as legacy products should tell you what she thinks of them.

Let’s move in from 201 as Suzy has.

My annoyance stems from the pivot had done to becoming a lab business. If I had know that she was going down this route i would never have invested.

Atb

Doodle away Somm, I’m liking the numbers :-)

It would be nice if the company could tell us who is/are the interested parties. The bigger the name the higher price appreciation we would see here.

Atb to all holders

The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, announced the start of setting 2024 budget schedules, noting that they include added financial entitlements to the governorates that will be allocated to infrastructure.

Key paragraph:

revenues from exporting crude oil are calculated based on an average price of $70 per barrel, and an export rate of 3 million and 500 thousand barrels, including 400 thousand barrels per day for the quantities of crude oil produced in the Kurdistan Region, based on an exchange rate of 1,300 dinars per dollar.

https://www.rudawarabia.net/arabic/middleeast/iraq/280320246

Hi all, great to see Casp showing a bit of life.

Rns: The Board has in recent months entered into a number of discussions with potential buyers concerning the BNG shallow structures (excluding the BNG deep structures Airshagyl & Yelemes Deep) at indicative prices potentially significantly greater than its current carrying value.

I looked at 2021 and 2022 annual accounts to understand the carrying value. In 2021 accounts it states $104m for proven and unproven oil. The 2022 accounts only show the unproven oil figure of ~$43m.

As per the rns it says significantly higher than current indicative value. I guess it all depends on the meaning of significant. You would like to think it’s at least 50% more.

So by my calculations if it’s only for proven oil then a minimum of $75m.

If for proven and unproven then it’s a minimum of at least $150m.

Much bigger numbers if significant means more than 50%.

Happy to be corrected.

It would be crazy to sell BNG unless they have either been successful at B8 or the deeps. Some interesting months coming up methinks.

Atb

Excess cash generation facilitated the reduction in accounts payable, including trade payables and accrued expenditures, to $26.0 million at 31 December 2023 (31 December 2022: $44.1 million)

Current production c 43k bopd up from February announcement of 38k

Currently earning : 43k * 25 * 30 * 36% = $11.6 m per month with costs $6m per month.

What’s not to like?

@rog, Im in England, just up early for Ramadan.

From Advfn - KRG we’re represented at the meeting.

https://twitter.com/john78846295/status/1768312605070733501

As I said yesterday the PKK have been served up as the sacrificial lamb to celebrate the new Turkey and Iraqi partnership. KRGs silence on the matter speaks volume. I wonder what they are getting in this deal.

The silence from Iran and US is also telling.

https://www.al-monitor.com/originals/2024/03/iraq-bans-pkk-security-ties-turkey-gain-momentum

Mind boggles with the statement from all sides.

According to this article the pipeline had been damaged by Isis and they have just now fixed it.

If that’s the case why didn’t they say this before.

Either this is codswallop or this is Iraq governments insane lame excuse of why the pipeline has not been opened.

Tomorrow’s meeting between Turkey and Iraqi officials could be the turning point. Fingers crossed they come to some agreement and open the pipeline

Atb to all holders

Https://www.reuters.com/world/middle-east/turkey-iraq-hold-high-level-talks-security-energy-baghdad-ankara-says-2024-03-13/

One way or another I think this is coming to a head in next few weeks. I feel the PKK are the sacrificial lambs in this regard

The Supreme Court was asking for accounts to be opened before they paid the money. Now apparently they are happy for it to be paid in cash. Pressure beginning to tell.

Iraq’s Federal Supreme Court on Tuesday called for the acceleration of the “localization” process aimed at paying the salaries of the Kurdistan Region’s civil servants, adding that salaries must be paid in cash for employees yet to complete the process.

https://www.rudaw.net/english/kurdistan/120320243-amp