Member Info for ocelot

The Trump administration escalated its battle with European allies over the fate of the Iran nuclear accord, threatening penalties against the financial body created by Germany, the U.K. and France to shield trade with the Islamic Republic from U.S. sanctions, Bloomberg News reports.

Sigal Mandelker, the Treasury Department’s undersecretary for terrorism and financial intelligence, signaled in a May 7 letter obtained by Bloomberg that Instex, the European vehicle to sustain trade with Tehran, and anyone associated with it could be barred from the U.S. financial system if it goes into effect.

Agreed, hydrogen.

It'll be interesting to see the profile of the new Chairman.

I'll qualify my previous comment: the vote against may not have been Karamehmet's.

It is true that Stephen Whyte only received 76.14% of the votes for resolution 4 at the AGM and 23.86% against, so, presumably, Karamehmet was against.

Hence the note at the bottom of the RNS of 16/05:

Genel notes the result of the vote on resolution 4. As announced this
morning, following a successful tenure as Chairman, Stephen Whyte will leave
the Company for new challenges once a suitable successor has been
identified, prior to the next AGM.

At 177.40p, we've slipped below 4x for the current year P/E at 3.9x (on the basis of 2019 earnings of 45.50p).

We seem to have gone ex-div a 2nd time :-(

... Today, there is much grumbling among energy executives that, despite oil prices having doubled since the trough in early 2016 and widespread commitment to prioritizing profits over production, their stocks remain relatively listless. Over that same period, the exploration and production sector is up by just 16% versus a 52% gain for the S&P 500...

https://www.bloomberg.com/opinion/articles/2019-05-28/fracking-stocks-less-popular-than-when-oil-was-10

I whinge
Thou whinges
He/she whinges
We whinge
You whinge
They whinge

P/E = 4.1x, assuming 2019 earnings of 45.5p

yield = 6.3%, on the basis of annual dividend of 11.8p, ie 15c at £1=$1.267

As Hawkey mentioned:

Investor roadshow (United States)

10-14 June 2019

Investor roadshow (Hong Kong/Singapore)

25-27 June 2019

https://www.genelenergy.com/investor-relations/corporate-access/

The share price wouldn't be where it is if the take-up of the open offer has been significant - can't see an RNS doing any more than confirming this (unless they combine that news with other news, of course!).

ERBIL, Kurdistan Region – Nechirvan Barzani has been elected president of the Kurdistan Region.

Eighty-one MPs were present in the Region’s 111-seat parliament to cast their vote in Tuesday’s session. Nechirvan, the Kurdistan Democratic Party (KDP) candidate, secured 68 votes...

In mid-June, the president-elect is expected to ask his cousin, Masrour Barzani, to form the new cabinet...

Note, however, that the PUK did not participate in the election.

http://www.rudaw.net/english/kurdistan/28052019

Per Bluejay's RNS of this morning:

-- Dundas is a scalable strategic asset and has a current
JORC Compliant Mineral Resource of 101 million tonnes at
7.1% ilmenite (in-situ) and has been confirmed as the highest-grade
mineral sand ilmenite project globally.

Per Alba's RNS of 14/05:

An in-situ ilmenite grade of 8.9%.

... Once lawmakers elect a candidate, the presidential office will be inaugurated for the first time since its suspension in late 2017.

Following this, the new president will be charged with calling on the largest parliamentary coalition to present their nominee for the post of regional prime minister, for which the KDP favors the current Chancellor of the Kurdistan Region Security Council (KRSC), Masrour Barzani. He would then be required to form a new cabinet within a month of being approved by parliament...

ERBIL (Kurdistan 24) – The Kurdistan Parliament’s leadership announced lawmakers were to attend Tuesday’s session to elect a new President for the autonomous Kurdistan Region...

https://www.kurdistan24.net/en/news/d9b5f640-57a1-48b3-b251-15d20a03410a

http://www.rudaw.net/english/middleeast/iran/250520191

ERBIL, Kurdistan Region – US troop deployments to the Middle East could provoke Iran to blockade the strategic Strait of Hormuz, causing chaos for global oil markets, Iraq’s oil minister warned Saturday...

http://www.rudaw.net/english/middleeast/iran/250520191US-Iran

Think UKOG has always been managed as if it is a bigger company than it is.

Reserves, free cash flow generation, hopefully these will attract the attention of IIs.

Not there yet, but getting there.

warik,

The current share price reflects the absence of IIs.

If IIs were to decide to buy in, the potential for share price "uplift" is substantial, because they don't care about the number of shares in issue, they will simply be wanting to invest a certain amount of £s.

They have to, they are respecting market regulations.