Member Info for SpArmada

Some of those fields had already produced in the past with first oil in 2013, search for the Balai cluster. There are existing wellhead platforms included in the DEWA cluster, but the main asset, the FSP vessel, was sold by Petronas.

Has anyone seen numbers like these? I think paying $125 million on top of the deposit would be a very good scenario

https://x.com/oilgastourist/status/1800857879668519138

Nice read indeed!

The way this program is being managed is not optimal. There are some kind of discretionary decisions regarding when and how many shares to acquire that are frankly annoying

That's nothing for an ESG consultant, the next report will be immaculate.

Any GKP shareholder ought to be glad that US, SOMO and everyone else is doing nothing to stop the oil flow through the border, smugglers are keeping the company alive. But most of the money is staying in Kurdistan, not going to Teheran, Baghdad or Ankara.

It surprises me that nobody here puts in doubt the future ability of the company to operate. Considering that Iraq is already producing above the OPEC quota and the oil smuggling through the Turkish and Iranian borders would be halted as some point when SOMO demands the oil revenue that nobody is collecting right now (the KRG already announced it hasn't received any funds from oil since March 2023). The deal between the KRG and the Federal government consisted of SOMO controlling and receiving all oil revenue in exchange for federal funds.

The fact that not a single Kurdistan-linked website says a word about the resumption of exports or the renegotiation of the contracts confirms that there is little to no progress

IOCs will not sign any contract with Baghdad because they don't want to pardon the receivables they are owed. Baghdad doesn't need the Kurdish oil to reach the OPEC quota, so there is not incentive for them to resume exports through the ITP. It is likely that IOCs will be invited to leave as their operations don't comply with the constitution when OPEC raises the Iraqi quota.

Wait! Didn't the market buy Steve's plans for developing a sub-commercial gas discovery that will require the use of carbon capture and storage? I'm so surprised!!!!!!!!

Roxi trying to pump this again. The update was bad, don't try to suggets otherwise, not because of 2023 but because the lower 2024 guidance and worse than expected result in Q1

Gas futures in alberta are below $2 for the remainder of 2024, I don't know how they project it to be $2.5 for the whole year. The guidance doesn't make any sense and it looks like it will be lowered/worsened already in Q2

There isn't any black swan, it is just bad management

"Yes the ministry of oil is saying they are ready for export. ", but the question I have is, will the export Kurdish oil or other Iraqi oil? Because last week(s) there were news reporting works on the segment of the pipeline that avoids the control of the KRG.

This is worrisome, could you share the source, please? I decided to sell this morning. It is bad enough that the pipeline is shut down, I don't want to be exposed to a possible fine/scandal of international oil smuggling and, potentially, briving to local or custom authorities, which is something that oil countries take very seriously.

I thought Erdogan's visit to Erbil meant that the export resumption was going to be announced today or tomorrow ... well, at least I have a small profit

Here: https://www.bnnbloomberg.ca/iraq-says-resuming-kurdistan-oil-exports-will-take-some-time-1.2062167

I thought there was going to be an announcement, anyone knows what will be announced?

https://www.bloomberg.com/news/articles/2024-04-22/iraq-says-resuming-kurdistan-oil-exports-will-take-some-time

Thanks for the clarification

OSLO, April 17 (Reuters) -Norway's Statfjord A oil and gas platform in the North Sea was hit by a fireearly on Wednesday, which was put out after about 90 minutes, operator Equinor EQNR.OL said.

Production was already shut due to maintenance when the fire broke out, a spokesperson said.

Workers were not evacuated from the platform during the incident, Equinor said. Local news reports had previously said workers were evacuated.

https://www.xm.com/research/markets/allNews/reuters/norways-statfjord-a-oil-and-gas-platform-hit-by-fire-53814641