Member Info for LongStrong

Personally I wouldn’t want a takeover at the moment as the share price doesn’t reflect the potential, remember the current CPR is very conservative and only covers part of Shaikan. Although I do think it’s possible once the permanent agreements are in place increased interest will appear, just hoping we don’t get taken out on the cheap.

GL

Nice dividend arriving today and fully expect increased distributions over the coming months once the payments start to roll in. The increased FCF and the commitment from the BoD to distribute excess cash will likely mean distributions in excess of 50-75m over the course of a year, that is a fantastic yield, that is probably excluding any special dividend if a favourable repayment mechanism can be agreed for arrears.

So much to look forward too over the coming months including:

- increased monthly payments

- possible Oslo listing

- repayment arrangements

- investment/growth plans

- permanent payment mechanism following Wood Mackenzie assessment

- possible new CPR including gas reserves?

Exciting times ahead.

GLA

Fantastic news about the restart, expected a bigger initial jump but when things settle I would fully expect a decent raise towards £3 and beyond.

Nice dividend payment to come on Tuesday.

Enjoy!

Interesting move, and could definitely open up more interest in GKP.

Can see green shoots here but would like to get the confirmation of export pipeline over the line and see a few months of regular payments before start to get too excited.

GLALTH

Execllent RNS and a nice $25m dividend which was a very nice surprise

GLALTH

****eye - we have seen many of them come and go, and i am sure this lot won’t be the last of them.

predictions tomorrow? hopefully announce another dividend , suspect it might be on the lower end possibly $15m? but will take that while we wait for fireworks.

gl

If that is your belief may I ask why are you here? Doesn’t make sense as there are far better things to be doing?

It’s not just necessarily the pipeline opening it’s surety of payment, along with alot of other external factors such at the global economy and oil price etc.

I reiterate what even the previous CEO (JF) said during interviews GKP is at least a 2bn company which would put the sp in excess of £9!

However we know the sp has been driven down by multiple factors not least lack of payments, closure of route to the international market etc, therefore being realistic assuming the pipeline opens, regular payments are made and the oil price is steady then I think it would be reasonable to assume a sp in the region of £3-£4 but hey don’t take my word or anyone else’s from a chat board.

GLA

Agree, although given we have had so many false dawns I suspect we have a lot of investor fatigue with the ongoing drama of the export pipeline.

Sure when it does happen we should have some fireworks, just a shame the share price has been driven down to such a low starting point.

GLA LTH

So given the news released today of approval to release salaries opening that door for final resolution to restart exports part of me is wondering is this the real deal?

We have had so many false dawns since the pipeline closed that I think at some point it really is going to happen and catch people off guard, is this the opportune entry point to add? Who knows?

Given all Kurdistan oil companies are currently on pause with recent drone strikes and the ongoing delays in approving exports one thing for certain is that given positive news confirmation should really spring us into life.

GLALTH hopefully not to much longer to wait

If you had to explain Iraq and Kurdistan it would be ‘Spursy’ they seem to grasp defeat from the hands of victory.

I am sure at some point a breakthrough will happen it might just take longer! Hopefully not as long as spurs!

GLALTH

Good to see the board busy again with lots of excitement of pending pipeline reopening.

There have been a lot of false dawns over the past months, hopefully this isn’t another one. Whilst it’s encouraging to see a 10% gain on any given day you have to remember we are starting from a very low baseline.

Remember even the previous CEO (JF) who was useless went on record about £2bn valuations and we are currently a long way away from that.

My concern in all of this once the pipeline is open and the payment mechanism is proven over a few months we could get taken out on the cheap. After being in here for quite a number of years now I would prefer us to regularly pay high dividends (remember they paid over £200m in 2022) and incrementally build the value whilst retaining independence of the majors.

GLALTH

Https://oilprice.com/Energy/Crude-Oil/Iraq-Accelerates-This-Oil-Megaproject-To-Meet-7-Million-Bpd-Production-Target.html

The impacts of the US decision to bomb Iran will be far reaching I suspect, it will either accelerate the end of the conflict in the region which will provide greater stability or escalate massively the conflict. Either way I would think oil price will spike and the response from Iran will determine where we end up.

Whether we agree or not Trump has changed the cause of this conflict and therefore the region for good or bad yet to see.

GLA

Decent RNS, no surprises which is good. Field as expected performing well and guidance unchanged.

Dividend announcement in Aug in line with previous comms.

Steady as you go.

GLA

Haven’t posted for a while as I don’t think there has been any significant changes over the last few weeks.

I have a feeling things are changing at a macro level which could support an agreement finally being reached I.e.

- USA and China tariffs the positive movement and discussions about addressing theses will push oil demand and therefore prices higher

- the Russia/Ukraine possible cease fire would also provide a positive macro economic backdrop and fuel greater oil demand

I am still amazed how long this is taking to resolve but it will be resolved at some point, meanwhile we continue to increase FCF and distribute dividends in the meantime.

GLALTH

As expected 25m dividend announced, solid set of results. Onwards and upwards

GLALTH

Personally I would expect somewhere between 7-9p dividend and extension to ongoing £10m buyback period. Solid set of results based on local sales and calling out how transformational a breakthrough in back payments and opening of pipeline would be.

GLA

Agree, the fact we are now at the table says everything as it’s only recently we have been engaged properly to discuss contractual terms.

This might take a bit of time but hey we are at least on the right path I believe and in the meantime we have a dividend announcement to look forward too this month.

GLALTH

As expected we are now in a holding pattern pending formal announcement of agreements with IoCs. This was always going to be required so don’t see this as anything unusual.

The big hurdle has been the law passing, we now have some smaller hurdles but no doubt these hurdles will be overcome it’s just when and what i.e. what is the mechanism for recovering 151m outstanding payments etc.

Movement on this will certainly give us another massive leg up on the sp, we then have further possible additions such as:

- the actual start of oil passing through pipeline

- receipt of first payment

- ongoing receipts (maybe 3-4mths of regular payments) to build confidence in framework working.

- ongoing cash distributions

- FDP approvals

All positive triggers that are in addition to our current position of being debt free with FCF sufficient to be paying a dividend in March/April.

GLALTH