Member Info for MaverickD

200k buy just filled at 10.66

Tullow bonds are up a little more today 87

Iraq's federal government and its semi-autonomous Kurdistan region reached an agreement on allocation of oil production volumes, paving the way toward the restart of northern Iraqi crude exports through Turkey's Ceyhan port

The terms of the agreement, which Iraq's government approved on Thursday, will require the Kurdistan Regional Government (KRG) to immediately begin delivering at least 230,000 b/d of oil to Iraqi state marketer Somo for exports. In exchange, Baghdad will pay $16/bl — in cash or in kind — under the amended budget law, "as an advance to the Kurdish government," Iraq's government said. The delivered volumes are expected to increase at a later stage.

This is in place, so I guess we wait until next week to confirm the minor details are signed off by Baghdad.

I have added again as this is a gift

Well there’s even buys to sell and at this level a bounce to 68+ into the close is easily possible. Many will not want to be out of this over the weekend - same happened last Friday, initial weakness and gaps filled and then it moved up. On a technical basis and having listed to Zak Mir he feels as move to 77p on the cards

Pullback before this then makes it move up pretty confident that we finish well above 11p, which is a good day for all holders

The gap has just filled from the move on Wednesday……I didn’t think we’d see below 67.5 but we should now be looking at a move back up. GKP is also slowly ticking up.

Buys adding this morning…….could see the tick up towards 69/70 today. The news flow suggests that we are on the cusp of a framework being agreed. Like I said earlier in the week the US and Trump administration is pushing to get this over the line

1m buy gone through at 11.1

650k sell at 10.9……which could see a little drop back, but the feeling is good and positive

Yes this RNS caught many on the hop

Production improvement at Jubilee and additional wells…….as operators we need to drive this forward and commit funds to pump pump pump and get the replacement barrels to get us back to 48-50K production

100k at 10.8

My 50k buy earlier in the week looking pretty good now…….11p next to break and then onto the 11.6 resistance

500k buy at 10.72

467k buy at 10.9……..hope some of you added this morning

290k and 147k buys already in the first 30 mins

@Supercopper it will actually have the opposite effect as many that were short were looking to buy at 10 and that never happened and with this news many will be looking to add at this level as it can quite easily add 20-30% in no time. I bought earlier in the week but am confident this head up today and into next week.

Now we have filled the gaps and got a bumper appointment we should see the SP head back upwards but I think the first hurdle will be getting across 11.6p. Markets will position and value this accordingly. GLA all.

Tullow bond prices edging higher now

Definitely helped having Mitch already on the Team as they no doubt have worked together previously. This is excellent news and with it some clarity, which the market craves stability and Ian Perks is a solid appointment with expertise not only in the region, but experience dealing with multi billion pound projects for BG and driving profitability. Key task for the next 9 months is increase production from Jubilee, cut costs/ waste and refinance debt. I’m sure we go up from here and my 10.77 buy on Monday won’t look so shabby…….I’ll try a cheeky trade on open as I’m confident the market is going to love this appointment.

Prime Minister Masrour Barzani, chairing a cabinet meeting attended by Deputy Prime Minister Qubad Talabani, noted that the ministries of Oil and Natural Resources, the North Oil Company, and SOMO had already signed a joint protocol to restart exports, with efforts underway to restore production to pre-attack levels.

Acting Natural Resources Minister Kamal Muhammad and other senior officials said the KRG had gone beyond its obligations by providing the necessary facilitation to remove obstacles and called on Baghdad to move forward. A KRG delegation is scheduled to continue negotiations in Baghdad this week in hopes of accelerating the process.

The resumption of exports would mark a breakthrough after more than two years of suspension following an international arbitration ruling in Paris that halted the independent sale of Kurdish crude.

In recent months, Erbil and Baghdad have edged closer to an arrangement, agreeing that part of the Kurdistan Region’s output would be used domestically while the remainder would be exported through SOMO. The federal cabinet also pledged compensation to the KRG to cover production and transport costs.

Appears that meeting is current taking place in Baghdad to rubber stamp the resumption following final negotiations this week………..imminent update due, which should hopefully break over the weekend. GLA