Member Info for MaverickD

Revenue from the pipeline to DNO and Genl is approx 750m -800m just based on the 300m outstanding the benefit from sales is clear to see Genl benefit by 25% of this figure. Pretty confident we will climb higher as a deal will materialise - DNO is a biggest supplier

Where did you read that the other 8 companies are not pressing for historic payments @Sham? They will, but DNO have clearly stated that their slice is 300m of a total 1B outstanding payments - we should stick to the news we know.

Well according to the reports Reuters/ Bloomberg etc they have indicated that the PSC is valid, why else would the other 8 partners be eager to restart pumping. DNO and Genl want to establish a payment structure for the outstanding payments from Oct 22 - March 23 which amount to 300m. Once this is ratified they too will join their peers.

The funds for the 8 wells next year are a completely different story, not related to the Pipeline. This work has already been scheduled and will take production from 79K to hopefully 100k plus bopd

40k buy filled - tick up coming

Onwards and upwards……upside from here is significant

Current market cap is 200m so this payment alone will add circa 30% to our current valuation

DNO?genel will join the collective and also a point some have missed is the 75m will be hading to the coffers for historic outstanding payments - our 25% share of 300m

Expecting a run up to 26.5/27p……..results will see this over 40p - I have been adding at this level

Reuters have an article too:

https://www.reuters.com/business/energy/eight-international-oil-companies-reach-agreement-with-iraq-krg-resume-oil-2025-09-24/

Just a matter of time before a workable solution is agreed……….all good

Well I have an auto buy set at 72.5p should it have a move lower…….I’m adding

Well looks as though we are in the blue - 70p looks some way away, but no doubt see some MM games here.

I really hope we get more bad news the SP clearly likes it haha

Definitely bad news - price is 76p now lol. Some on this board really can’t seem to read between the lines. I hope many of you got to add

GKP has had a little of its shine taken off, wouldn’t be surprised if those that sold there were looking at this as a better investment in terms of returns. After yesterdays RNS confirming a healthy cash balance and the 6 wells programme for next year and this deal to be rubber stamped I now would think £1.30-£1.40 should easily come around

Current price is a gift and for those that were clamouring to buy at 77p+ this is a real opportunity. I was happy filling my boots

Believe me it is that simple and Turkey are still one the hook for 1.5 billion, which started this issue, but the Trump admin are pushing for this deal and we are there now - just the suppliers to agree to how they will be paid going forward and getting their debt paid.

I have added at 70.5p its going to be worth quite a bit more shortly

The hardest part was getting the governments to all agree, which has happened with some pressure from the US. The amendment in payments for recovery of outstanding payments is pretty straightforward. The KRG will just have to allow a bigger portion of the receivables following the sale of the oil being redistributed amongst the commercial suppliers (DNO, GENL, GKP etc) until the balance is paid. Now they won't disagree to that as at present they have zero payments via the oil pipeline to Turkey, hence why the suppliers will be important in this framework.

DNO's Tawke and Peshkabir fields (Genel holds a 25% stake) is currently producing 79k bopd and the plan is to execute a 6 well programme to boost production to circa 100k next year. Now provided terms are agreed, which I am positive they will be then we will see a significant supplier able to support export demand going forward and all parties coming out winners.

It states that terms are uncertain, so we could well see a bit of a pullback until this is ironed out with DNO

Genl RNS too - says discussions ongoing

Bloomberg, Reuters, Kurd News are all reporting that the deal has been signed off an an official announcement will come. We saw 82p last night late and with the opportunity to buy at 75p presenting itself it seems a “no brainer” to add here. The DNO/Genel financial transaction will be agreed as soon as funds are received from restarting operations via the pipeline - I guess those that agree with that perspective will be filling their boots now