Member Info for ocelot

It's the share price that provides the balance, no need to look elsewhere!

Penguins,

I agree with you about the "hesitancy".

For me, this is entirely logical. The Kimmeridge is new , the Portland established. UKOG is focusing on the Portland, for the present, in order to generate the cash flow to facilitate commercial borrowing and further work on the Kimmeridge.

Iraq is still having to deal with the consequences of Saddam Hussein's regime.

Today, I have read articles on efforts to improve relations with Kuwait https://www.rudaw.net/english/middleeast/29072019

and on the investigation of mass graves of Kurds in the South of Iraq (the "Anfal").

From the 11/06 RNS, re HH:

5. Oil field with three productive and commercially viable zones, EWT ongoing, further drilling campaign scheduled, development underway subject to grant of planning consent expected in Q3 2019.

We've already got BoJo, don't need another version of the Donald! (little unkind to BoJo, perhaps).

... Laga, the legal affiliate of Deloitte in Belgium. Laga support the Sports Direct group with this matter in Belgium...

Looks as if SPD are not alone in their discussions with the Belgian tax authorities.

Pure speculation on my part, but if SPD have more VAT to pay in Belgium, it may mean they can reclaim more VAT on their inputs elsewhere.

... The Notice was brought to Sports Direct's UK management's attention at approximately 12 noon on 25 July 2019. It referred to VAT, Penalties and Interest but provided no detail on how these figures had been arrived at or to what they related...

So to to with VAT and nothing to do with the transfer of profits from one jurisdiction to another.

Fair enough.

Broker on Bloomberg has announced today that in its opinion Sports Direct could go bust within six months.
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Which broker, baserite?

Appears highly unlikely, given the solidity of the core business.

Been watching it for quite some time myself, Boyobach, so not too optimistic myself.

But it's important not to become too jaded, there are new (or new-ish) governments in both Iraq and Iraqi Kurdistan, relations with the Iraqi PM seem to be pretty good and the new KRG PM appears to be injecting energy into matters.

Soon.

The £ has fallen quite sharply, on fears of a no-deal Brexit.

As a $-earner, Genel really ought to be moving up on this, along with the other $-earners.

"delivering zero dividends"
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Because you've been expecting it to deliver dividends?

impressive - down just 3.9% now, at 220.80p.

All you've got to do, Qwerty, is to set up an oil exploration company on AIM and find oil.

What's stopping you?

The new board need to be given time, they can't change things overnight and, indeed, it takes more than a few days simply to get to grips with what they have inherited from the previous regime.

The tax is a contingent liability.

Grant Thornton haven't "cleared" potential tax liabilities: for the present, 24 hours after receiving the proces verbal, it is being treated as a contingent liability (how could it be treated in any other way?).

ERBIL (Kurdistan 24) – Dana Gas has hired an investment bank to counsel the company on shifting its investment focus from Egypt to the autonomous Kurdistan Region, sources told Reuters on Sunday...

Dana Gas, headquartered in Abu Dhabi, has its main assets in Egypt and the Kurdistan Region. According to one of the anonymous sources cited in the report, the company feels that focusing on a single geographical territory would attract more investors to the company in the future...

Dana announced on Sunday a new oil discovery in its Kurdistan Region fields, thought to potentially have the largest gas reserves in the country...

https://www.kurdistan24.net/en/economy/7faa20b7-86fb-4ef7-963a-d75ff1fe5651

https://www.rudaw.net/english/analysis/28072019

For the present, the share price is down about 9% at 208.60p.

For the present, therefore, the darkest predictions for the share price this weekend have been dumbfounded and it rather looks as if this board was feeding on itself with doom and gloom.

If and when they get to grips with House of Fraser, one wonders where the share price could go.