Member Info for ocelot

withoutt,

The lira is down enormously against the $ this year, hence major worries about corporate Turkey's ability to meet its $ loan commitments.

It needs a thumping great hike in Turkish interest rates, to get to grips with inflation.

Trump's just added fuel to the fire by doubling tariffs on Turkey's steel and aluminium.

It was the ECB, yesterday, I think, which expressed concern about certain European banks' exposure to Turkey.

Following BB, scepticism about the potential of the Kimmeridge means that:

on the negative side, the share price is significantly lower than it otherwise would be;

on the positive side, the potential for a significant re-rating on results anywhere near those of 2016 is obvious.

Don't forget the COO's very good interview of earlier this year - it took a while for the market to respond.

The figures are there, the prospects are there, an additional trigger may not be necessary: it may just take a little time for the market to respond.

remuneration!

The new U.S. sanctions placed on Russia may put the country’s longer-term crude production potential at risk...

https://www.bloomberg.com/news/articles/2018-08-09/u-s-sanctions-may-risk-russia-s-oil-production-growth-refining

Too much planned activity in the coming months for there to be no updates for about 6 months.

DNO's half-year results next Thursday.

PS: also spoke of "sub-$20 unit production costs, whereas UKOG has suggested a figure of about $21.

Compares Weald basin's OIP in excess of 100bn with the North Sea's 45bn.

HH Kimmeridge oil a premium oil, of a higher grade than Brent.

Re the Kimmeridge testing at HH, he's "expecting to see some phenomenal results".

We shall all see fairly soon, but it continues to sound very promising, indeed.

seadoc,

I jumped into the debate without having read the previous posts.

We agree - you were making the same point.

That's the theory, seadoc.

The truth is, however, that the share price was moving so quickly at the time, even if you had wanted to sell at 11p, you would not have been able to do it.

But, at the time, why would you have sought to sell at 11p?

You could just have easily decided to sell at 9p and then seen the price rise to 11p behind.

It's so easy to trade with the benefit of hindsight..

The share price did improve on the result of the council meeting - it was off more sharply earlier in the session.

Hawkey's mentioned DNO's half-year results:

they are to be published on 16/08, tomorrow week.

... (PM) Barzani also reassured people that the economy was getting back on its feet and that things had started to look up for the region.

"We see the situation here improving day after day," he said. "One indication is that the payment of salaries is no longer a big issue as it once was. And of course I thank all government employees for their patience. This is about to be permanently solved. We also see investments resuming, slowly but steadily. And economically people are more optimistic. We had four very difficult years. Those four years we were inside a dark tunnel, but now there is light at the end of the tunnel and that makes me optimistic about Kurdistan Region's economy.

http://www.rudaw.net/english/kurdistan/08082018

UKOG is a volatile stock, it exaggerates on the downside and it can exaggerate on the upside, too.

If you are currently out of the money, having bought in at higher levels, keep an open mind when the stock recovers the lost ground, it may have significantly higher to go.

Because you need to put the blindfold over your glasses!

Point taken, Orson, you have my sympathy.

If you can't lower your average, then there's nothing for it but patience.

At least, HH is now progressing and the testing of the Kimmeridge is fast approaching.

Very good news and ... an immense relief.

Both of Alba's oil projects can now go ahead, at last!

... Speaking about his latest visit to Baghdad, he (Barzani) said, “Our meeting with [Iraqi Prime Minister Haider] Al-Abadi in Baghdad was good, but radical solutions to the conflict between Erbil and Baghdad are expected after the formation of the next government.”...

https://www.middleeastmonitor.com/20180808-nechirvan-barzani-radical-solutions-to-conflicts-with-baghdad-are-expected-after-the-formation-of-a-government/

Favourable coverage in The Times, too - "It's all going well for Genel in Iraq boost", p36.

In truth, don't know much about GKP, don't follow it, except, sometimes, for Kurdistan news.

Very happy with the way Genel is progressing, so content to let them continue doing what they're doing!