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I’ve read early that SOMO will be holding talks with the IOC , so I reckon we will hear soon that we will be offered new Contracts under the Federal Iraqi Law , and under the direction of SOMO
GLA LTH A good thing in my opinion let’s hope they can settle the back payments too
I do like the positive and negative posts, however the Market has spoken today , hence the 20% rise ,
Still leaving wriggle room for more investors/traders to join in
GLA LTH I’m much happier today than last Monday
Between Baghdad and Erbil , have never been better!!!, if they can now work together and work with the Multinational Companies working in the Country, everyone is a winner !!!!!
GLA LTH it’s been a long road getting there but it looks like we’re finally getting there !!!!
An Intra-Day RNS or will they leave it till tomorrow to say oil flowing down the pipeline again , I would imagine the logistics of getting all the regional producers to turn on the pumps should be carried out by the end of today
It has to be a steady rise back to 400,000 Bpd
GLA LTH have a good day everyone
Well which Global player , wouldn’t want to be involved in a Global oil field Discovery that has the potential to produce for the next 50, or so years ??
Even as the world turns to a greener environment, the low cost lifting of this oil will bring huge profits for generations to come
GLA LTH looking forward to next week
Sounds like good news is arriving sooner than I originally thought
I think once verified and existing IOC,s operating in the Kurdistan region are encouraged to continue whilst they sort out the back payments owed
They will all be re-rated hugely!!!!!
GLA LTH This could open up the regions operators to become takeover targets !!!!, imo