Member Info for MaverickD

It’s sells today to keep the price lower in connection with payments lanstead need to make…….will see the price climb come next week - see I have been invested quite some time, but do expect a bounce back towards the mid 4’s. Imm could surprise the market with a Monday RNS - who knows, but I do know this is a great price

Nice top up price if you get in quick - added 100k myself

Trend has been a dive down and for it to settle and then rebound…….I would buy on any weakness

Tim has been quite clear ……March might see fireworks in terms of newsflow.

Expecting the strong move tomorrow before the weekend press speculate over potential valuation and alternative offers……this is a gift as we know at least 2 parties have recently completed their due diligence.

Bit of accumulation going on right now

Won’t go up in a straight line but expectation is this will be closer to 50p come the weekend with more leaks no doubt over potential valuation. Comfort in the fact offer was over £2 and I think Apollo may rival Sidara

Well I think based on all the news that coming out the news will arrive this week

Spot on oily my point exactly

But my point being that we will get to over £1 based on the fact that the pipeline opens up again. DNO doing the heavy lifting and for GENL it will be a case of using that money wisely and hopefully some dividends along the way

Just over 2 weeks ago DNO reported that production at the flagship Tawke and Peshkabir fields was up by 70 percent year-on-year to 78,600 barrels of oil equivalent per day in 2024. Oil was sold at its Fish Khabur terminal, as the Iraq-Turkiye export pipeline remained shut in during the reporting period. The Tawke field, where DNO holds a 75 percent stake, generated $10 million in profits per month.

The Kurdistan Region is preparing to resume oil exports this week after the Iraqi parliament approved an increase in compensation for international oil companies (IOCs) in the Region. This amendment has raised oil production and transportation costs to $16 per barrel, a substantial raise from the $6.90 previously in place.

The SP was 90p only 6 weeks ago and I think once we get confirmation of the pipeline re-opening this week then we should see a notable uplift in the price of Genl along with other players in the region.

25 FEBRUARY 2025

The Federal Ministry of Oil of Iraq has announced that all procedures had been completed to allow the resumption of oil exports from the semi-autonomous Kurdistan Regional Government (KRG) through the Iraq-Türkiye pipeline. The ministry said that oil exports from the region will resume this week, resolving a two-year dispute between Baghdad and Erbil that disrupted crude flows through Kurdistan.

For several years, the Kurdistan Regional Government has been engaged in a political fight against the central government over its oil resources (about 3 Gbl of reserves according to Rystad, in comparison with 45 Gbl declared by the KRG, likely to include both unproven reserves and the disputed Kirkuk fields). Earlier in February 2025, Iraq's parliament approved a budget amendment to allow a restart of crude exports from the KRG at the rate of US$16/bbl, double the previous rate.

At 65.5p this is a bargain, with what will be transformational in terms of revenue…….I have added

Well I did say last week that this would potentially take place

I am happy with the movement upwards and the fact that any deal announcement could see this head back to double digits…….we still are in an accumulation phase.

Yes Lanstead appear to be happy holding as they may be privy to information we may not know yet. Either way everything from the IMM camp seems that bit more positive right now

Hopefully some were able to add

The fact remains that they tabled an offer based on what they saw - correct? That was at £2.20 and for me the same outfit is available at what can only be described as distressed pricing. The group continues to win and execute contracts and therefore as positions unwind this for me looks like a fairly decent long play

I do believe that prior to the weekend we will see the price significantly higher as we will probably hear the likes of Apollo are back and interested and wanted to buy at a discount to what was previously tabled. Holdings are being increased and contracts won……follow the herd

Will do well from here - I added