Member Info for LongStrong

https://oilprice.com/Energy/Crude-Oil/100-Oil-Encourages-Iraq-To-Fast-Track-Production-At-Two-Major-Oil-Fields.html

Just wanted to reflect on today, first and foremost have to congratulate the BoD. Whilst they have been in the fortunate position of operating in a high oil price environment do any of us genuinely believe we would be performing as we are with JF at the helm.

There has been a significant shift with the change in CEO clearly he has set out his stall with increasing dividends and avoiding buybacks and holding onto cash. I welcome this, the messaging is simple we want to continue to invest and develop the field but we need approval and until that’s done we will share profits with the shareholders…I love this and for the first time in many years feel the BoD are aligned with shareholders which should have always been the case but never was with the previous board.

Lots still to look forward too not least significant incoming payments with higher oil prices, increase in bopd once SH15 is online.

Then the transformational FDP and path to 85k+

What a terrible day for shorters ;)

GLA

Just sitting here thinking oil is well over $100/barrel and we are struggling to keep above £2.20 a share. Clearly a disconnect between the current valuation and intrinsic value.

Let’s hope for a positive update this week.

GLA

Nice payment amount received for November sales.

Hopefully a good day for us

Well it looks like the inevitable has happened and oil prices has breached $100 a barrel which is normal circumstances I would be jumping for joy and expecting GKP share price to be muiltples of todays price. With a dividend being paid tomorrow, growth of the field, and back payments still to be cleared there are a lot of positives ahead.

The negative is that we are still awaiting payment and a cloud of uncertainty regarding PSC has curbed the increase in share price.

However looking away from all this the sad truth is that many innocent lives will be lost in Ukraine and my thoughts are with all the families that will face the reality of war.

This isn’t good news

Explosion in #Iraq shuts down the 110,000 barrels of oil per day Kirkuk-Ceyhan oil pipeline

All I would say is read the board and see through agendas. I would question anyone that spends so much time on a bulletin board.There have been many comings and goings on this board over the last few years, some good and some awful. I would only give anyone one piece of advise is never allow someone you have never met on a bulletin board influence your investment decisions, do your own research and have your own targets and plans to make as much money as possible to enjoy time with your loved ones.We are in a very healthy position right now and given precious good progress from JH I expect January to deliver more.GLALTH

Because it is very cheap :)

Considering oil price is now about $80 we have approx. $245m-250m cash in hand with reducing arrears of approx 29m with debt of 100m we are ridiculously cheap.

Hopefully more positive news on the drilling this month too and if we can get anywhere near 55kbopd then we are looking in fantastic shape.

Fingers crossed for more good news this month, maybe the market will start to wake up to the opportunity here.

Great RNS this morning, how this is below £3 god knows and the fact it’s below £2 is ridiculous.

Wishing you all a healthy and prosperous 2022!

The reality is it’s not just us that receive late payments it’s other oil companies operating in the region. The main issue I have is that as we a single asset company we are completely dependent on them.

That is where I think we need to rebalance the power and diversify and do the minimum on shaikan until more commitment is shown

Merry Christmas all, hope everyone can enjoy a great Christmas with family and friends.

Let’s look forward to hopefully a very healthy and prosperous 2022.

GLA

https://oilprice.com/Energy/Crude-Oil/Oil-Investment-Must-Rise-To-525-Billion-Per-Year-To-Avoid-Supply-Crunch.html

https://oilprice.com/Energy/Energy-General/Russias-Lukoil-Looks-To-Drill-This-12-Billion-Barrel-Iraqi-Oil-Field.html

Notice that to fulfil the requirement to accelerate development requires a commercial incentive ;)

Good news payment has landed, now for any follow up RNS hopefully landing shortly with an update of 55k upgrades progress

Probably due to the lack of payment, given other companies have been paid.

For me it suggests a few things either we have hit a stumbling block in discussions with MNR on the FDP or we are negotiating the arrears payment in some shape. Obviously all speculation but I suspect the latter.

Let’s hope positive news breaks soon.

GLA

Was expecting a payment RNS on Friday for approx 30m hopefully lands today, we should also hopefully receive an operational update this month too.

GLA

Hargreaves Landsdowne have paid the dividend :)

Hi Peter - hope you manage to recover some of the losses. Best of luck with everything, things looking a lot more positive now so fingers crossed.

GLALTH

Putup - please don’t rub salt into LTH’s myself included. A lot of people have lost money here through the restructure and impacted massively on people’s lives . Please consider this when posting.

I am very positive about GKP going forward but that doesn’t take away the pain of what has happened previously.

Thanks