Member Info for ocelot

On 23 August 2017 the Company signed documentation confirming an agreement had been reached with the KRG to put in place a definitive mechanism for the payment to the Company of trade receivables built up from overdue amounts with nominal value of $430 million owed for sales since mid-2014 ('overdue KRG receivable') together with nominal value of circa $300 million owed for export sales marketed by SOMO made before 2014, for which the Company has never recognised revenue ('overdue pre-2014 receivable').

Whitehat, No, ALL outstanding receivables were covered by the receivables agreement (see the full year results RNS of 22/03/18).

http://www.basnews.com/index.php/en/news/iraq/442394

The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter... https://www.bloomberg.com/news/articles/2018-06-05/u-s-said-to-ask-opec-for-1-million-barrel-a-day-oil-output-hike

Genel Energy ('Genel' or 'the Company') is pleased to announce that it has agreed with the Kurdistan Regional Government ('KRG') a 12 month extension to the schedule for satisfying the conditions precedent ('CPs') contained within the Gas Lifting Agreements ('GLA's) for the Bina Bawi and Miran fields signed in February 2017. The revised date by which the CPs are to be satisfied or waived is 9 February 2019. (RNS of 23/01/18)

... In all of his discussions, he (the Head of the UN mission in Iraq) has seen a new willingness of the part of everyone to find a solution as parties find commonalities... http://www.rudaw.net/english/interview/05062018

Given Genel's cash flow, the improvement in the share price and the improvement in the company's bargaining position which goes with all of that, it's probably just as well the gas deal has not been signed yet!

Scandic, I'm sorry to hear you have lost money on UKOG. But, that being the case, why do you think anybody should listen to your opinions on the stock?

So the late 3.1m trade on Friday was YA!

If the man was Trump, you'd have to add in all of the Presidential caravan, but not necessarily his wife!

With the threat of ISIS decreased and the restoration of stability, Kurdistan Region has seen 20 percent growth in international trade, according to an official from the Ministry of Trade and Industry... http://www.rudaw.net/english/business/03062018

That's a highly entertaining acceptance speech, SnapDog - well done, twice over!

Any new investor should form their own opinion.

Oh!

And if you haven't put your money on the line, why not?

So what position have you taken, Buzzbuzz, to profit from the stock halving?

GivingTheLowdown 258 Stockbuster 298 PostieRemy 300 Hasiba 302 givetheinfo 307 klassic 316 mark888man 322 Hawkey 330 ocelot 340

... always an encouraging sign, because it means they feel the need to deramp.

mark888man, I drew attention to the eps forecast because, imho, it's important not to extrapolate on the basis of 2017's earnings, which were almost entirely attributable to the one-off effect of the receivables agreement. But, personally, I prefer cash flow and net asset backing as criteria for assessing where Genel's share price is going, which, I believe, is up, considerably higher.

... The City is expecting the company to post earnings per share of $0.40 this year, giving a forward P/E of 9.6. So it looks to me as if this stock can push higher.