Member Info for starsalign

"The non-shareholding tripe merchants must be getting worried"

Must admit I have reduced my holding by 80% this week but still a shareholder.

Funny thing selling partially, don't know whether I want price to go up or down -:)

Bdgm - remember he's speaking with regard to Shamaran production, GKP will have their own quality and transport discount.

Based on GKP receiving $14m for 42.3kbpd in October

Very, very roughly GKP are receiving $1 per barrel more for exporting but waiting 6-8 weeks for payment, if that's what you mean?

Reconciliation payment and what's included in this figure is the key question.

" the most likely outcome of the WoodMac process is a revised per-barrel payment in the range of $18-24/bb"

Where do I sign, quick?

"The tiny retail offering is likely just the warm up act."

Are you suggesting fund raising in the foreseeable future?

Seems not that long ago you described to BB that there was a path to invest back into growth assuming certain conditions were met in GKP favour without additional funding.

Just wondering if the escrow account serves any particular purpose in the payments system?

The document issued yesterday states that the the IOC's are being paid directly rather than via escrow.

Possibly a positive or makes very little difference?

Yes, pleasant surprise, just keep going please.

Surely a priority to sort out the reconciliation (accrual) situation as we run the risk of simply transferring the arrears to the new receivables account without any progress.

As I said, think difference is realised oil prices?

Also think you guys are using different realised oil prices? Putup $46.6 and wms $42

Excuse me interrupting but surely accrual and profit oil are two totally different things?

"'26 is a dud - just look at guidance. Eyes on '27."

Perhaps a dud regarding production but we have the all important payments issue which will hopefully be resolved in GKP favour?

"moving from $30 to something materially higher does look like a genuine inflection in cash generation, especially if there is further upside post review as suggested."

Brings us right back to the same question - will SOMO agree to pay the arrears via monthly entitlement?

Otherwise $30pb (local sales equivalent) is very similar to $45pb exports

Thanks again, after some deep thinking over the weekend I understand what you're saying.....I think :-)

"Planning on drilling 16-18 wells one after the other with locations already determined.

We are out tendering and are actively looking to restart drilling at the end of this year or early next".

Good news but subject to upgraded payments and arrears issue obviously.

"the Company is accruing a receivable for exports sales under the interim agreements to account for the differential between realised prices for cash received to date and the expected reconciliation to international prices"

Will any part of this figure be revealed on full year accounts? Received $14m for Sept/Oct production (42.3kbpd) in Dec.

Thanks, yes lot of unknowns , feeling a bit frustrated by it all at this moment in time.

Maybe a stupid question but will the cost recovery pool have increased slightly with the delay in payments for export production?

Wmsjames - good post and summary, thanks