Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Will be offered by SOMO , GKP-DNO-GENEL etc
Will be offered far better terms to increase and continue to invest in the Country,
IRAQ have already lost many of the Major Players as the terms they offered weren’t good enough for the Greedy Majors , they wanted bigger returns for their investments
GLA LTH if your worried best sell up and move on
Just pointless , it’s like saying what happens to Petrofac ? Who just one major contract , when the wind stops blowing!
There will be deal eventually, GKP are in great financial position , we could sit this out for months
If it continues for more than a couple of weeks GKP will start to pull back on drilling and other projects to stem cash outflow
GLA LTH it’s not worth fretting about best to come back next week and see where we are
I know we’re not supplying at the minute, but when we do SOMO have said the terms would actually be better for IOC,s operating in Kurdistan
Also the SOMO price that the Iraqi government receive will be much better than the hugely discounted prices the KRG currently receive
So it will be a win win
GLA LTH once we’re under the umbrella of SOMO a rerate will be on the cards here , imo
For the future once they have agreed to open the pipeline supply , should be sorted this weekend imo
Do we still supply to local dealers by truck? May be an option to relieve some excess They won’t take much though
GLA LTH looking for another Top Up opportunity
he Tawke and Peshkabir fields averaged combined production of 107,000 barrels of oil per day in 2022, representing a quarter of Kurdistan’s total exports. Peshkabir production was halted last night and plans drawn up to conduct deferred maintenance. Tawke production shutdown has started but will take an additional day or so given the much larger numbers of wells spread across some 10 kilometers.
GLA LTH how much oil are they exporting per day???
How long can Iraq continue to lose 1/2 a Billion in revenue per week????
Solution will be resolved , but right now SOMO got KRG by the short and curly,s
GLA LTH how long will Baghdad use this is a leverage position to turn the thumb screws on KRG? , if it continues into next week it will threaten the whole stability of the Iraqi Parliament
Be wondering what all the panic was about , when in actual fact we will be in a far better situation, imo
Baghdad (IraqiNews.com) – The Oil, Gas and Natural Resources Committee in the Iraqi Parliament revealed that federal oil and gas law will be agreed upon soon, the Iraqi News Agency (INA) reported.
Committee member, Zainab Al-Moussawi, explained that there is an agreement between Baghdad and Erbil to enact the federal oil and gas law soon.
GLA LTH when it’s all legal it may trigger a few more institutions to build a share holding here
Turkey have been let of lightly , they only agreed to halt the flow as Iraq was seeking 33 Billion Dollars in compensation
However they settled on 1.4 Billion if they agreed to halt the supply
So SOMO regain control of how Iraqi oil is exported into Turkey, they want checks in place that monitors the true amount of oil being exported, but more importantly they want full world market prices for it too, no more discounted oil going over the border
GLA LTH it’s a win Win for oil companies working in northern Iraq , imo
For those that got in early today , very happy with my decision to buy this morning
Genel down just 6% GKP has still a long way to go before it bounces back to the £1.90,s
However the Dividend return looks tremendous
GLA LTH still very cheap to pick up more shares , I can’t see Blackrock throwing any shares away this cheaply !!!!!!!!!