RE: Looks decent30 Sep 2025 12:30
At the current price it seems a no brainer @AIMSav I have been adding and am confident we see this re-rate.
DNO as the largest producer in the area will want the best deal and aren’t in a rush until they get paid for past deliveries (300M). They will argue that their goal is to get to 100K bopd production and that requires investment, which the KRG will be acutely aware of. At present KRG need receipts from oil sales to settle historic payments of oil supplied by multiple providers, which includes DNO/Genl. Once they have funds I am sure a deal will be struck - not expecting the full 300m, but an agreed payment will be forthcoming - It’s pretty much what the DNO CEO has stated in his last update a few days ago. It might be a 20% haircut, who knows but I’m pretty sure now the pipeline is operations funds will be getting to the KRG, which they can redistribute.