Member Info for MaverickD

Thats really good…….you may see DNO approach Genl - what else is the cash pile good for? I have added twice this week.

The Iraqi government, Kurdish authorities, and international oil companies have collectively welcomed a recent amendment to Iraq's federal budget, aimed at restarting oil exports from the Kurdistan Region through the Iraq-Turkey pipeline after a near two-year suspension.

On Sunday, Iraq's parliament endorsed a budget amendment to subsidize production costs for international oil companies operating in the semi-autonomous Kurdistan Region. This adjustment raises the compensation rate to $16 per barrel, significantly higher than the previous rate of $7.9 per barrel for transport and production costs.

The flow of oil through the Kurdistan Regional Government's (KRG) pipeline was halted by Turkey in March 2023 following an International Chamber of Commerce ruling that required Ankara to compensate Baghdad $1.5 billion for unauthorized exports by the KRG between 2014 and 2018, which led to an estimated loss of $19 billion in revenue for Iraq.

In a statement, Basim Al-Awadi, spokesperson for the Iraqi government, relayed Prime Minister Mohammed Shia Al-Sudani’s appreciation for the "responsible and constructive step" taken by the Council of Representatives in approving the amendment. This measure, he said, bolsters political stability and showcases the high level of cooperation between the government and the Council of Representatives.

Sudani called on both the Kurdistan Regional Government (KRG) and the Federal Ministry of Oil to immediately implement the amendment to optimize investment in natural resources, particularly oil.

The Iraqi government, Kurdish authorities, and international oil companies have collectively welcomed a recent amendment to Iraq's federal budget, aimed at restarting oil exports from the Kurdistan Region through the Iraq-Turkey pipeline after a near two-year suspension.

On Sunday, Iraq's parliament endorsed a budget amendment to subsidize production costs for international oil companies operating in the semi-autonomous Kurdistan Region. This adjustment raises the compensation rate to $16 per barrel, significantly higher than the previous rate of $7.9 per barrel for transport and production costs.

The flow of oil through the Kurdistan Regional Government's (KRG) pipeline was halted by Turkey in March 2023 following an International Chamber of Commerce ruling that required Ankara to compensate Baghdad $1.5 billion for unauthorized exports by the KRG between 2014 and 2018, which led to an estimated loss of $19 billion in revenue for Iraq.

In a statement, Basim Al-Awadi, spokesperson for the Iraqi government, relayed Prime Minister Mohammed Shia Al-Sudani’s appreciation for the "responsible and constructive step" taken by the Council of Representatives in approving the amendment. This measure, he said, bolsters political stability and showcases the high level of cooperation between the government and the Council of Representatives.

Sudani called on both the Kurdistan Regional Government (KRG) and the Federal Ministry of Oil to immediately implement the amendment to optimize investment in natural resources, particularly oil.

Yes it looks like the cards are certainly stacked in favour of the operators and Genel is one player that will do tremendously well. It would be nice to agree a settlement on historic payments, but the true benefit is the pipeline and securing more $$$$ for our product for the export market

I have a small holding here, but I do feel the likes of Genl will do extremely well out of the new deal. Like some have said forget the historic payments the keg owe focus on what the operators will gain going forward

Well I did try and encourage holder to take some off the table, but I got called a deramper. When you have money on the side to deploy and take advantage of weakness that’s a skill. In terms of the business what has changed in 4 days - nothing….. Just the SP in terms of it being 6.2p and now 4.3p. This can happen when the volume of traded stock cools off.

The worm has turned and it would appear the buyers are back in force…….should see the back of the 60’s and push higher over the week. These are so undervalued in comparison to GKP. I have followed here since the acquisition of Heritage and their massive gas field Miran…….you rarely get opportunities like this and I am grateful to add

Gap has been filled and a rise back up inevitable - looking at getting ourselves back around £1.50

How is everyone here, just firefly stepping onto the board to see if the mass posters had moved on from last week and moved elsewhere

I guess a lot of people calling the price to be lower have since bought up as this is heading higher……like I eluded to earlier an offer for the entire outfit at a sensible price is perhaps what would be attractive to someone like Total for example.

From the closing price on Friday and the gap up yesterday…….should head up from here. I just added another 5000

Should see a nice bounce this morning……they have already advised that the 2025 debt maturity will be paid and the the New CEO appointment will oversee restructuring longer term debt. I personally think rather than divesting a buyer will come in for the whole outfit

Looks like a group of friends talking to themselves on this board now…..I think the takeaway message for today is know your strategy, understand the facts and execute accordingly. I hope everyone has a good weekend

@Jumando…….you are aware the trades you are referring to as buys are actually sells in some cases……just thought I’d point that out as a newbie you could get caught up having been on this board for 48 hrs…..that’s why the bid has dropped off. I’ll leave you all to your playground I have the dog to walk

Why would I worry Jumando my holding hasn’t cost me a dime and last I checked the price was easing off - no? Stick to the facts

@Jumando I am worried because of the ramblings of a poster who created their account on the 29th Jan 2025 - 48hrs knowledge

Hahah or listen to a ranger that created their account 2 days ago as the MMs pull the bid price lower…….yes you are definitely a genius……again I am stating facts here

RE: PlacingToday 08:30

Yes what some don’t understand is that these ones think talking more helps. I think smarter ones would have taken some off the table - having a price above 6p was generous. The warrants create a natural 20% dilution in the sp and also gives Lanstead an opportunity to sell £2m investment, for what will be a 5.8m market cost. Some will get spoked, but just buy to average down then they become LTH’s

Those on here can hold me to my post……..time will tell

@Soltace look at my posting history I go by the facts……fact is you are a new poster on this board and have no idea how you would short an aim stock with a 15% spread. Entertaining though

Not at all I don’t leverage. I’m merely advising of the facts - not screaming with no info.