Member Info for Oily1990

I would be buying whatever you can here, think this afternoon will some big buys and continuation of the rebound. Once past 18.5p it should easily gap back to 19.2/3

All set up nicely for a great recovery…….Im thinking a run to 19.2/3 once we break 18.5

My view is that the deal with the KRG has progressed and with that unknown resolved DNO are going full ahead to boost production from the fields. Even at 30 dollar domestic sales this adds 65m to Genl’s revenue. Back payments receipt will add 30p to the sp alone, without the ramp up in production. Conservatively we are looking at £1.20 + once all the info is known

First target is getting through 20.5p……..but all signs now pointing up

Looking like a move past 20p imminent……..buy what you can 500k buy filled

Not quite where I thought it would finish, but added throughout the day

Well buying more…..why not

Moving higher as buys fill

156k buy

200k buy filled 19.21

We have bounced off and I beleive there will be multiple large buy orders filling. This was 20.65 a couple of hours ago and the MMs have taken some stops out.

Shows will be proved up and this will not be any less than 60p……..buy your cheap tickets today guys, the smart money is mopping this up right now

I just topped up for another 5k at 58.84, weeks will probably receive an RNS confirming works starting next week from Genel and with expected news flow this month it will be a good Xmas for holders

GLA looking like it could be a bumper day……

Drilling starts next week - reported 4mins ago by Kurdistan24

ERBIL (Kurdistan24) - Norwegian oil and gas operator DNO announced on Thursday that it will begin drilling eight new oil wells at the Kurdistan Region’s Tawke field next week, marking the company’s largest operational expansion since production activities were disrupted more than two years ago.

In a statement published on its official website on Thursday, the company said that, after a prolonged halt linked to the suspension of Kurdistan’s oil exports in 2023, full drilling operations are now set to resume in Duhok province.

According to the company, two major DNO drilling rigs have already been mobilized to launch the new campaign. Drilling is expected to continue through 2026, with the company projecting a 25% increase in production capacity, equivalent to an additional 100,000 barrels per day once the new wells come online.

DNO said cumulative output from the Tawke field has exceeded 500 million barrels, reinforcing the asset’s position as one of the Kurdistan Region’s most productive fields.

Bezhên Masawer Rahmani, the company’s Operations Manager, said that although DNO currently produces around 80,000 bpd, its long experience at Tawke strengthens confidence that output can be increased significantly once new drilling is completed.

I’m adding today……great upside. Read the last RNS again - its nowhere near negative

At the moment no TA really fits……Tim himself said no news in 2025, in my view then just steer clear and buy in tranches in 2026. Options that Lanstead hold are at 2p and they have their shares that they will sell down, they actually need the SP below 5p. Me myself my re-entry is around 3.5-4p. I’d be buying my stock back with profits I’ve banked.

Everyone has their own strategy - GLA

News is out…….news channels are picking up on the DNO release. Yes it looks like back payments must have been agreed or sign off is close

Norway-based upstream producer DNO said today it will restart drilling at its Tawke licence in Iraq's semi-autonomous Kurdistan region, with the aim of adding 25pc to production there.

Drilling at Tawke, which includes the Tawke and Peshkabir fields, has been paused for more than two years because of the 2023 closure of the Iraq–Turkey export pipeline (ITP) and a sharp fall in payments from the Kurdistan Regional Government (KRG). DNO, which holds a 75pc operated stake in Tawke, said it has maintained production at around 80,000 b/d through low-cost optimisation work.

DNO said it has mobilised two rigs to drill eight wells in 2026, with the aim to increase gross operated output by 25pc to around 100,000 b/d.

US opens massive $796M consulate in Irbil to strengthen Kurdish ties:

https://abcnews.go.com/US/wireStory/us-opens-massive-796m-consulate-irbil-strengthen-kurdish-128090569

US investment encouraged:

https://www.kurdistan24.net/en/story/876148/us-companies-want-to-work-in-kurdistan-says-david-tafuri

Exxon re-entering the region:

https://egyptoil-gas.com/news/exxon-mobil-eyes-lukoils-stake-in-iraqs-west-qurna-2-giant/

I’m hearing about HKN being on the look out in the region, after funnily enough being awarded one of our former licences.

All of this along with Oman going on right now. TBH I expect the back payment situation to be amicably resolved and DNO joining the wider collective, as per GKP’s RNS yesterday things appear to be going along as expected and payments received, which was the concerns

Well as I’ve said so much news flow and timing is key but at this price point easy 100% gains. Look at the news flow

70m in back payments

Deal to join peers in exports via pipeline

Direct interest from US operators

Oman update