Member Info for starsalign

Yes it's a big mystery whether the missing billion was spent on acceptable government expenses or pilfered.

Guess we'll never know what exactly went on at that time of non payments from KRG.

The $135 million MONTHLY KRG share is going somewhere that's for sure, again nobody knows.

Very negative I know but I'm finding it hard to think of anything that has been agreed with the technicalities of exports resuming via SOMO. $16 per barrel but no details on how that's to be distributed.

Still an absolute shambles/farce as far as I can see.

Yes, he'll be including interest on outstanding receivables next :-)

Is that $6 KBT discount a typo as you have been absolutely glued to $9 discount up till now and nothing has changed apart from Brent price.

Unless off course exports restarting may give you a chance to execute your 210p sell order, only joking, I think??

Putup - Not so sure I follow your reasoning as you place so much emphasis on returning to exports but equally show that the difference in receipts on a comparative month to month are negligible with the hope of the receivables as an add on bonus every month from the KRG.

"It still makes a big difference. This time last year, at much better global oil prices, local sales were $25 a barrel."

So this time last year Brent was $90 and local sales only $25

We were informed a few weeks ago when Brent was $70 that local sales were $27 - $29 AND paid upfront.

I'm not denying the possibility that local sales prices may be under pressure but don't think it is a certainty either, wait and see as per usual.

With Brent at $61 it doesn't make much difference whether we're "selling locally" or exporting is the way I see it.

"PS: Fun fact. When the stock hit 209.80 the 14 week RSI was at its highest level since."

what was it you said about hindsight being wonderfully brutal and I'd imagine even worse if you had sell orders at 210p and 220p??

Sentimental or fundamental driven share price or a bit of both, that is the question :-)

“Oil produced in Iraqi Kurdistan is currently sold locally at around $30 per barrel—less than half the $65 to $70 per barrel it could earn on the international market,”

Depends what way you look at it I suppose, with or without transport and quality discounts applied.

You think the 1 year written notice of termination has been sent by either of the signatories??

Otherwise automatic 5 year extension is my understanding.

You should've told that to Todd

HGNAHMED - I'm surprised anyone who knows anything about GKP has posted that link as it's absolute nonsense.

Yes, we all have to make assumptions but despite the variance in Brent over the last 2 years the local sales price has hardly changed so I'm sticking with $28 approx if that's ok?

Multiply those numbers by 36% and we're only looking at $3 difference.

"I hope $68.50 Brent support holds."

I don't, makes me feel psychologically better with our $28 per barrel paid up front as opposed to the $36.3 pb we'd be receiving under the old exports payment method on a 3,4,5,6 month delay (or maybe even never).

Think that's a positive thought while the pipeline remains shut for us.

How many times has that deal to be finalised before it's finalised

"2) You’re proposition that we’re ever going to get that $9 KBT discount back is both stupid and politically illiterate. There is no chance GKP will ever get that reversed. The world has turned, or didn’t you notice?"

Surely that's you being negative, not me?