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RD can be blamed for many things but taking the rap for the Tribunal delay isn't one of them. These things are what they are. All anyone can do is estimate the likely timeframe of any award from previous cases, so somewhere around year-end 2024 was likely, but not certain. Even the ICC's own web site outlines only approximate timescales.

I doubt RD's leaving has anything to do with the Tribunal timescale. I also agree with Anton that they cannot yet know the result of any award. Thereis no way the ICC would release any such information before it has been fully reviewed and agreed on. This should go to a Plenary Session as it involves a State Entity. There's no schedule for these sessions on the ICC's website as far as I can see, except to say they are held monthly, so we should know in a month or so what the outcome will be.

That's a long time to hold your breath but that I am.

Good luck and Merry Christmas to all.

Balls of steel, jetcrowts!

Good luck.

Some great comments, thanks everyone.

It certainly food for thought. I didn't realise so many on here were in a similar position in their lives to me, but then again this is LGEN, so most of us are likely here for the divi.

I also have no kids, although I do have a few nieces and nephews that I would like to help out if I could, so having capital remaining after I die is of less importance than a comfortable retirement, both financially and psychologically. I certainly wouldn't want to be too far over the IHT threshold and my house alone will do that.

The thought of going into long-term care later in life had also escaped me, so thanks for that. There certainly is a lot more to consider than I had initially thought. At least now I can start to think about thing in the right way.

Cheers, and Merry Christmas to all.

Yes, Biden's administration trying to spend their way out of debt isn't helping anyone, least alone them. And it doesn't look like Trump is going to be any different, time will tell.

It's a shame this board is degenerating into political discussions. We all have our opinions about the Westminster lot, of whatever colour, but maybe better to leave it there? There are some great posters on here, offering some real insight. It would be a shame to lose that. Enough said.

Back to LGEN. I am toying with the idea of an annuity. Never thought I would but it seems as you get older (I'm 61) you become more risk averse, whether you realise it or not. I know they have their downsides but the idea of a guaranteed income for life is starting to look attractive, particularly in the uncertain world we now live in. So, should I be buying more LGEN (and other high-yielding stocks to spread the risk a bit), putting the money into an annuity, or maybe spread the money across both?

Any ideas/insight/experience (obviously won't be taken as advice!) would be very much appreciated.

Try emailing Luke Clements, he usually gets back to you, eventually:

luke.clements@genelenergy.com

Flavius (not Flavious, sorry)

I can see logic in a deal with KOS as well, that's not my argument. All I am saying is that the fly-by-nighters that loaded up over that last few days, hoping for a quick in-and-out profit, have all bailed, knowing that there is no immediate money to be made. Hence the SP reaction.

I can see a lot of synergy between TLW and KOS if they were to merge. But the combined debt needs to be managed carefully so that both parties get something out of it. A 'merger' between the two could be benficial to both parties, no doubt about it, but a 'takeover' by KOS does not appeal to me unless they are going to buy me out with real money.

Maybe the narrative will change and TLW will engage with KOS to come to an agreement that suits both sides, but until that is the case I'm not letting go of my shares for anything other than wonga, real wonga at that.

Liquidity and money are not the same thing, Flavious.

You can do what you want with your own money but the lenders will have quite a lot to say about what you can and can't do with that liquidity.

Well it certainly revels the stark difference in valuations between US and UK listed companies, and just about every other stock index in the world for that matter. Which of those valuations is correct is another matter, but I know where I would rather put my money.

The only revelation was that it was KOS that made the approach, and they don't have any money either, so any deal for TLW was only ever going to be more paper - actually just different paper. As I said yesterday, I don't see how swapping TLW paper for KOS paper adds any value to my investment.

They complement each other from the point of view that they both produce similar amounts of oil and they are both loaded up with debt.

What does this say about the reason for RD's departure? Looking at the details, if the KOS approach was the reason for (pure speculation on my part I must admit) it then he appears to be vindicated.

The market obviously got wind of the approach, hence the SP spike over the last couple of trading sessions. But now that they have some detail they do not like what they have seen and are running for the hills and we are back to square one.

But it's all paper.

By the look if it production will double but debt will just abut treble, is that correct? Why would I swap my TLW paper for theirs only to be left in a worse predicament? Give me some money and I might be interedted, but not for that.

So, did RD leave because he was against any takeover and the rest of the BoD out-voted him? Only sensible thing to do under those circumstances is to resign?

More than a week on and still no comment on the Tribunal outcome or what they intend to do about it.

Itsaponzi, what's happening in September?

Itsaponzi, what's the significance of September?

The problem is, Stanley, he's taken all the loot but it doesn't look like he is going anywhere. Sure hope I'm wrong on that.

Forgive my ignorance Itsaponzi, but what's the significance of September?

Yes, and that $1.4bn needs refinancing soon. Trying to do that without a CEO in place is not going to as easy as it would have been.

Let's hope they can sort this out soon.

Me too, Sanjarw.

They've had time to mull it over now and I would suspect an RNS soon (was hoping this morning) to explain how they intend to deal with this outcome. It would be remiss of them not to have considered this outcome a possiblity, so a response should be forthcoming. They don't yet know what costs they will incur, but they at least know where they stand, so outlining the way forward should be possible.

Does anyone know if we can read the case/judgement anywhere? I've looked at the LCIA website but there are no detail available - I suspect cases are confidential. A shame as it would be interesting to see what case GENL put forward, the Tribunal's interpretation of it, and their award in full. It obviously wasn't as strong a case as GENL had thought and it would be nice to know why they sided with the KRG.

So, was the blip in SP over the last couple of days because this news had leaked. Does the market really believe dumping the CEO without a replacement alreay in waiting is good for TLW? More like they got wind of an announcement and thought it was going to be something positive?

Either way, somebody, somewhere knew there was going to be a news release.

Where did you get that from Christo?

I think it's more likely to be the Turks that will come for this, not Nat. Should anyone come at all that is. As things stand I just can't see it.

I've resisted the temptaion to top up here so far. It does seem stupidly cheap at this price, but I've been burned too many times with GENL in the past.

Good luck to those that are braver than me though.