Member Info for starsalign

Yes Bugsy but I'm assuming we're not going back to local sales despite some of the recent reporting. Not denying anything is possible and up to others to make up their own mind until we get official clarity .

"I'm expecting a potential lifting mid month, paid in mid Sep (two month lag)"

Not sure how we can have a lifting this month other than if it's to cover reconciliation?

July production will not be invoiced till end of month/early Aug and liftings thereafter?

So let's assume (rightly or wrongly) production has restarted and storage tanks at Ceyhan are being filled as I type. Should we expect a lifting this month (with payment in August?) to cover reconciliation payment in part for Oct-Feb production?

Otherwise we might be looking at next lifting in August to cover July production with payment not until sometime in Sept give or take a week or two? Best case scenario we may get combination of liftings for both reconciliation and ongoing production but that's maybe overly optimistic?

I'm assuming the IOCs have had some reassurance that the pipeline renewal agreement is unlikely to cause major problem but stranger things have happened.

"additional payment expected following recent lifting in June 2026 for outstanding balance"

Would love to know the source of that lifting? Are we being paid in Kirkuk oil or perhaps SOMO found some in the storage tanks?

The other receivable (reconciliation) must be around $50m for Oct-Feb production?

Strikes me that the KRG are subtly offloading their debt over to SOMO should production and payments restart with full entitlement.

"The Company’s balance sheet remains robust, with cash of $66 million as at 18 June 2026 Recent reductions to cash offset by ongoing recovery of receivable for production up to 28 February 2026; additional payment expected following recent lifting in June 2026 for outstanding balance"

Presumably this refers to the receivable from a timing perspective (at the interim rate)

Indication of production restart and any progress on reconciliation payments Oct25 - Feb26?

Cash balance - very unlikely Feb production interim payment has been received (as paid in oil, no production March) and therefor expect a bit of a hit?

Usual ongoing discussions...

"Payments" is the word I'm looking for.

"FYI Back payments are only $92 plus February if not yet received"

What's the split between KRG and SOMO for the outstanding $92m?

Do you envisage those amounts being recovered via the CRP based on future production and price?

Don't want to pick on you Rog but 20th March this year you also stated -

"Therefore I’ve just bought a few @226 which is a few pence more than I sold some a few months ago".

Haha, yes thanks but not getting carried away and of course it's not a profit until you sell. Not sure that's a widely recognised necessity when it comes to GKP shares

We export via pipeline running Northerly, then via The Med. as I understand it

Was thinking along same lines, no idea why our facilities are/were being targeted when Kirkuk down the road seems to be producing without any problems so far and even using KRG pipeline. Maybe better protection around there being under federal govt control?

Hopefully the first couple of tankers loaded will be designated to pay for February IOC production?

Or am I dreaming?

Twisted my arm, small stake, spare cash in ISA, presume production will restart reasonably soon and payments sorted out would be a massive bonus.

I'll WATCH with interest meantime, good luck. You're very positive in your 14 day RSI strategy and always slightly easier when investing previously gained profits.

"(Added more today.)"

You don't believe in the never catch a falling knife theory then?

Only making conversation as nothing much else going on atm.

Ok thanks for reply and good luck.

I would've thought production needed to restart for February payments to be realised.

(Even if I were to write off the entire year from a production perspective, the current share price is still good value.)

Hi PUTUP - would you care to elaborate on your thinking behind that statement?

No production (and therefore payments) for the rest of the year would seriously damage GKP cash position.

Rog - have you ever had any losing GKP trades or all winners every time?