"The Value Partners Stichting that holds just over 10% of GKP equity appears to be the work of
HTTPS://www.valuepartners-group.com/en/about-us/contact-us/
A very large Chinese asset manager Head Office Hong Kong. "
Here's some public disclosure about the real Stichting Value Partners Family Office. No conspiracy theory needed. Just a Dutch guy trying to make money.
Stichting Value Partners Family Office
Stichting Value Partners Family Office is controlled by Mr Hendrik Marius van Heijst. During 2021, Mr Hendrik Marius van Heijst has held a shareholding in Oceanteam ASA of greater than 20% and is therefore considered to have significant influence. In April 2018 a loan was issued by Stichting Value Partners Family Office.
https://www.oceanteam.nl/bestanden/import/Oceanteam_ASA_-_Interim_Report_-_H1_2021.pdf
"2012+20=2032"
Yeah that will teach me not to post after being out on the turps! Mea culpa.
But we've been reimbursed for our 'assets' already. We don't own the reserves. We are entitled to a share of PRODUCTION. That share is Profit Oil less CBC. Work it out. Even over 11 years it isn't billions.
"a Commercial Discovery was announced by the Company in August 2012 and therefore GKPI and MOL, as contractors, have the exclusive right to develop and produce the Commercial Discovery for a period of 20 years from the date of discovery, with an automatic right to extend for an additional period of five years and an optional further five year extension."
With respect to the "optional" extension:
"If, following the expiration of a development period, the Shaikan Contractors consider that commercial production in respect of a particular production area is still possible, it may request to extend the applicable development period for an additional five years."
So the 20 years are up and we are one year into the first extension period. Presumably a "request" to extend a further 5 years can be denied.
GKP and APIKUR need to act as responsible partners to Iraq. If they don't, they're done.
The KRG has largely already reimbursed operators for their asset expenditure thus far. The reserves aren't the property of the operators; they're the property of Iraq. How long does our PSC have left to run...?
The stock is cheap if the pipeline reopens and we get paid our arrears. That's why we are here. If it doesn't open and we don't get paid then the stock will head lower and we will lose. But this stock and board seems to attract people who tout utter BS, who are incapable of defending their ludicrous claims and who seek to con people into believing preposterous potential values. (The first guy who did this successfully is now in prison.) On top of that, they obviously don't have the muscle to push the stock remotely close to their hyped targets.
Stay steady, stick to the facts and sensible analysis, and block these charlatans that would fleece you of your money. Anyone who has been hear just a modest time has the ability (based on posts that have broken down the requisite calculations) to work out how much GKP receives per barrel of production, how much of that is cost recovery on which no margin is made and how much of that, the remainder, is profit oil less CBC. That is based on a fully ratified existing contract (ie consistent with GKP's operations to date). Do the very simple calculation. It will quickly expose the charlatans for what they are.
Not surprisingly, nothing new in that at all.
Reiterated prior update re production of "around 33,000 bopd". (FWIW I have 35k bopd pencilled in for October, 40k bopd for November)
Those expecting the $151 million will be recovered before restart should note "paid for SOME of those arrears"
"would consider opportunities outside of Kazakhstan". LOL oops!
"highly prudent $ 15 /2p "
Profit oil per barrel is only $4.20 per barrel currently and declining with R Factor. From this they need to pay corporate overhead costs. This is earned over time. And yet you think $15 per barrel up front is prudent? Muppet.
If only you had money to buy the stock up
A lot (sometimes most) of trading is conducted off-exchange (off-book) but those trades still need to be reported and you see them going through. What you see marked by some services as a "buy" or "sell" is exchange order book trading (AT = trading through the SETS order book). The buy/sell categorisation is, however, rather misleading. For example, if a seller is aggressive on the offer (in SETS) with good volume to get done, their aggressive (low) offer can get hit. Are these really "buys" or "sells"? Perhaps without the aggressive offer few or less trades would have been conducted. Was the pressure coming from buyers or actually from an aggressive seller (or sellers)? Of course, every single trade has a buyer and a seller so the marking is utterly meaningless under any scenario. All you can really conclude is that a trade for x volume took place at y price. Furthermore, you also can't conclude whether any off-exchange trading was done with just one buyer and seller or multiple of any or both.
Nah. I'm just a human BS meter and that meter is in the red big time when reading the cr*p you post.
You've been here before with the same BS and none of it has ever proven to be anything other than that.