Member Info for starsalign

"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?

Genel CEO stated in recent presentation the interim agreement was going to be extended by another 3 months to the end of June (they're not involved in it as selling locally)

Lol, yes thought you had adjusted discount from $20 to $15 without telling us.

And the intention to extend the interim payment period?

Putup - thought you'd be interested in GKP are invoicing at a discount to Brent of $13.4pb and counting it as revenue?

"From September 27, 2025, all oil sales are

to the KRG, and revenues are recorded as per the interim agreements at the Kirkuk blend official selling price, with payments

in arrears. "

Another quote from the FY results today, not sure if typo or slip of the tongue? We've been told all sales via SOMO?

"Revenue in Q4 2025 was $54.7 million (57% higher than the $34.7 million in Q4 2024) and $154.9 million for the full-year (“FY”) 2025 (42% higher than the $109.4 million in FY 2024) primarily due to oil sales at international prices following the restart of pipeline exports;"

They must have different accounting method?

Looks like those figures would be based on full entitlement and paid immediately?

Noticed buried in the notes is this statement below:

The accounts receivable balance at December 31, 2025, relates to $52.8 million in oil deliveries to the KRG from October 2022 through

March 2023 (the “Overdue Receivables”) and $43.3 million representing the remaining PSC entitlement amounts owed for the 2025 ITP

export sales.

No expert in such matters but hopefully Putup will be out of his bed shortly to keep us right.

I've sold the ranch in the meantime, am I excluded from making comment until I buy back?

Will keep a close eye on the situation and happy enough to buy back for better or for worse.

Impossible question I know but anyone have any thoughts on how long shut in may last?

Hopefully the IOC's completed 2 liftings during Feb to cover January payment and even more hopefully It'll be paid out promptly as previously. Then we move on to whether March liftings will be allowed to cover Feb production.

The schedule just starts to look a bit disjointed when IOC's are also looking for reconciliation payments/liftings in the near future but not much can be done as things stand.

Thanks, luck rather than skill, SP holding up pretty well atm?