Member Info for MR.Spacetomato

115p?

TSSZ, really? Despite believing that the recent negotiations between the Iraqis, Erbil, and the IOC were yet another farce by these corrupt officials and lacked substance, 110p seems like quite a drop. Based on the chart, I can even see it reaching 120p, but I feel 127p might be the bottom.

Given that these theatrics are unlikely to end soon, at least until the IOC gives up, we should expect some volatility. The buybacks might apply some pressure, but if the goal is to reduce the number of shares rather than just propping up the price until the AGM, I would wait to buy the stock until it reaches your predicted levels.

Hi Belgrano,

I appreciate your perspective and detailed response. It's clear you've put a lot of thought into the situation. The complexities of dealing with Baghdad and the KRG are evident, and your stance on supporting the Kurds makes sense given the historical and ongoing challenges.

Holding shares into next year with the expectation of surpassing 150p through continued buybacks seems like a sound strategy, especially if the company can navigate these political intricacies effectively. It’s reassuring to see your confidence in the long-term prospects of GKP despite the current hurdles.

I too hold my shares in expectation of positive news. Iraq has definitely surpassed my investments in Siberia over a decade ago. But that pipeline will open eventually and I have the patience to wait.

Thanks for sharing your insights.

Best,

ST

I mean, it might not be a bad strategy as we may drift below 130p after these crooks show no interest in solving the contract and back pay issues

Belgrano,

Quite a change in speech by you. Feels like you sold out. Might be wrong.

SY

...s, education, healthcare, and other public services.

In conclusion, while it is essential to ensure fair revenue distribution, drastically cutting the oil companies' share overlooks the complexities and realities of the oil industry. A balanced approach that considers both the needs of the local population and the operational requirements of oil companies is crucial for sustainable economic growth and stability.

All the best

ST

O.V.

The argument presented fails to consider several crucial factors that are central to the operations and economics of oil companies today. Here are some counterarguments based on business logic and the current practices of oil companies:

1. **Investment and Risk**: Oil companies invest significant capital upfront in exploration, drilling, and infrastructure. This investment includes high-risk ventures where the probability of success is not guaranteed. The return on these investments needs to be substantial to justify the risks taken. Reducing the share oil companies receive per barrel would deter future investments and innovation in the region.

2. **Operational Costs**: The cost of production and transport is not just about the physical act of extracting and moving oil. It includes maintaining sophisticated technologies, employing skilled labor, ensuring environmental safety, and adhering to regulations. The 50-65% share often reflects these comprehensive costs.

3. **Market Dynamics**: Oil prices and profits are subject to global market dynamics, which include supply-demand fluctuations, geopolitical tensions, and economic cycles. Oil companies need to buffer against these volatilities, which justifies their current revenue share. Lowering their profit margin could destabilize operations, leading to potential supply disruptions.

4. **Technological Advancement**: Oil companies continuously invest in new technologies to improve extraction methods, enhance efficiency, and reduce environmental impact. These advancements are costly but crucial for sustainable operations. A reduced financial share might limit the capacity for such investments, ultimately affecting the region's long-term oil production capabilities.

5. **Economic Impact**: The presence of oil companies boosts local economies by creating jobs, supporting local businesses, and generating tax revenues. A lower financial incentive for these companies could reduce their operational scale, negatively impacting the economic benefits provided to the local population.

6. **Contractual Agreements**: Many of the financial terms are based on long-term contractual agreements that account for various factors, including risk, cost, and projected returns. Abrupt changes to these agreements could result in legal disputes and reduce investor confidence in the region, potentially leading to capital flight and economic instability.

7. **Global Competition**: The oil market is highly competitive, and regions need to offer attractive terms to draw investment. If Kurdistan significantly reduces the profitability for oil companies, these companies might shift their focus to more financially rewarding regions, leading to a decline in local oil production and revenues.

8. **National and Regional Development**: Oil revenues fund significant infrastructure and development projects in the region. Ensuring that oil companies remain profitable encourages sustained investment in local c

Bunch of crooks

I think it's kurdish... getting in touch with a Turkish Kurdish mate of mine to see if he gets it.

"The Iraqi Oil Minister said that there is progress in the talks between Baghdad and the Kurdistan Region on the Iraqi-Turkish oil pipeline Iraq produces 4 million barrels of oil and 21 million liters of gasoline daily"

Google photo translate.. from link below

"Yes and I was correct a few times ..", yes, and so is a cheap, broken and trashy Chinese knockout watch twice a day.

150p before the meeting? If the pipeline gets the go-ahead sooner, 150p will be history, if you ask me.

Patience will rewards the shareholders.

SurreyScot, you would sound more scary if you said this:

"I don't know who you are. I don't know what you want. If you are looking for ransom I can tell you I don't have money, but what I do have are a very particular set of skills. Skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you let my shares alone now that'll be the end of it. I will not look for you, I will not pursue you, but if you don't, I will look for you, I will find you and I will kill you".

Well, Swell, I guess you are restricted to drinking what wherever you are, in England? As I type I moved to a caipirinha whilst watching my barbecue at 1636 in the afternoon. I guess I can do whatever I want, whenever.. right? :0))

I just had a nice glass of Porto in the garden of my country home in Burgundy watching the grass grow. Weather isn't great though, B.S.M.

Who gives a toss anyway!

ST

I guess those trading here will risk one day losing more than their usual share when we get news on a few fronts.. pipeline, buybacks and dividends.

ST

"What's Pell Hunt's plan"?

Back in England now.

Copacabana, Ipanema, Leblon and Leme are beautiful places to spend some time if have never been to Rio.

Now, who cares, really, about "What's Pell Hunt's plan"? What matters really is the pipeline to open, which I can 100% predict it will. Been buying since 90p and all I care is the final outcome. I know I can be seen as too naive, but I am no trader so I will wait... just like some of the major shareholders in GKP.

I guess, anyone worried about PH is because you are trading it. I suppose the price would be less volatile if you didn't, right? :0))

Good luck all genuine shareholders.

"What's Pell Hunt's plan"?

Copacabana, Ip

Belgrano, and that doesn't take into account the possibility of another announcement telling of another $10 million to buy another tranche perhaps?

"..no joint discussions between IOCs and representatives of the KRG and the GoI have occurred since January 7-9, 2024".

Seriously? That tells a lot how full of bull**** all official parties are about resolving the pipeline business. In a simple world Apikur members should just protest by cutting the oil for a few months to stop the trucking business. Bunch of crooks. And me thinking holding Oil Explorers in Russia was stressful at a times. No way! At least there you know that one should avoid tall buildings.

The i