Member Info for Rangor

But they are making money Leem, just less than previously.
Also the re-financing of bonds is encouraging and shows some good strategic planning.
Lots of talk about ESG investing at the moment and genel's sustainability report sounds good especially considering its an O&G Co.

Another $10mill into the coffers. Better late than never.

I bought back in too, although a bit early at 123 yesterday. Got impatient.
Must remember to be more patient with share purchases (and sells for that matter!.

The thing with genl is that we *should* be seeing production increase within the next quarter as sarta comes online. Perhaps the SP will flounder for the next month or two, then zip as sarta news starts coming out.
Doesn't feel like a time to sell G but perhaps buy.

But then I've often got G very wrong so don't listen to me!

Love to know how low people think this will go.
Boyo, I think your chart suggested sub 120 is on the cards?
Great buying opportunity for anyone looking to get in or return after selling on the rise earlier.

"but then I am not that savvy on abbreviations.
ATb"
haha!

BSD = Big Surge Day, as coined by non other than the legendary Bunks.
Not so sure what BDSD is, I might have mixed that up with something else, or did someone on here refer to a super big BSD as a Big Dick Surge Day?

This sounds like exceptionally good news. May well trigger a BDSD

Thanks.
Short bit on genl starts around 37:40min

Interim dividend is 5 cents per share

Date is set but slightly buried in the HY results
The payment timetable for
the interim dividend is below:

· Ex-dividend date: 12 November 2020

· Record Date: 13 November 2020

· Payment Date: 11 December2020

One thing that does bug me with genel is that it often seems like the production successes are due to DNO rather then genel. I think the market view and confidence in genel would improve if they demonstrated leading their own production success. Preferably gas!!

I don't think the update is too bad considering the circumstances. Yeah, sure problems with taq taq, and payment worries but they've been issues for ages.
On the positive, the update on sarta is very encouraging. sarta production appears to be just around the corner, with potential for fast expansion next year.
I'm used to being disappointed with gas progress but it does seem genel are trying to get an acceptable agreement in place.

Interim dividend is also encouraging. Can't remember what the cost is to company (something like $15 mill?) but that should be affordable if oil price stays roughly where it is.

As for diversification, the company has licences in Somalia and Morocco, just need to find willing partners! Buying into existing already producing assets elsewhere does seem like a good idea. They'vettalked about it many times before and I'm sure if they get an opportunity they will do it.

Bina Bawi and Miran (100% working interest, operator)

As previously stated, Genel received documentation from the KRG in
mid-April, and then further documents were received in June. This
documentation did not adequately reflect the commercial concepts and risk
sharing that were expected for the development of Bina Bawi's gas and oil
resources.

Discussions are now taking place with the KRG at the highest level as Genel
seeks to progress the development of Bina Bawi.

Bina Bawi and Miran (100% working interest, operator)

As previously stated, Genel received documentation from the KRG in
mid-April, and then further documents were received in June. This
documentation did not adequately reflect the commercial concepts and risk
sharing that were expected for the development of Bina Bawi's gas and oil
resources.

Discussions are now taking place with the KRG at the highest level as Genel
seeks to progress the development of Bina Bawi.

Bunks, I don't think it's too bad to have a bit of a variance in the upwards trend. 2 steps forward and 1 back and all that. That big jump yesterday just shows the upward trend is still there, just need some patience.

"good luck with it."
likewise Boyo.

Bought back in at just under 580 today. Might have been a bit premature.
Only small amounts so far, but plan to slowly buy more over time as it could be a good long term er

Glad you got back in at a price you're happy with. I was out today and missed it. My limit buy point was just below the lowest point the SP reached today. Annoying.
Will see what happens tomorrow.

Thanks both.
I'll continue keeping an eye on CWR. Thanks for the chart. I'll think adjust my buy back price as I think it was a bit too optimistic at 500.

Hopenno one minds the off topic posts! Bit quiet here at the moment so thought I'd add a couple questions.
CWR has been really motoring up recently. Sold a few at 600 but seeing what's happening today I wish I'd kept them.
Anyone got any thoughts on whether it will pull back and to where? I'm looking at you chart guru Boyo.
Hasiba and hydrogen are you both still in CWR?