Member Info for starsalign

Ach I'm not getting dragged into any immature squabbling, facts and figures is the only thing that interests me regarding GKP.

Steady on Gruntar, bear in mind we had cash balance of $75m as at 9th December.

Personally I'm expecting more questions than answers in Jan update. Don't see any way KRG are going to start paying out $40m per month to IOC's and therefore it's just a case of keeping shtum till further developments.

I'd be pleasantly surprised if the $14 or $16 per barrel was highlighted although it seems a bit weird if we're in a situation of possibly being over paid.

"and other adjustments required to our contract..."

What you referring to, reduction of total discount (due to elimination of KBT discount) or other considerations??

Presume the 19.5m barrels and $1.2 billion revenue includes the IOC's allocation ??

Also - I'm going for $13.5pb so only $10.8pb nett

Yes it could become complicated. I'm slightly favouring SOMO will pay without admitting to it but could easily go the other way.

Thinking KRG will claim that money (they helped themselves to) had to be used as cover for shortage to budget allocations at that time.

Sorry that was in reply to Broadfordbay post

Is it fair to say if those details are correct GKP are close to full entitlement as things stand ?

Any lower OP and we'll be getting over paid, which may actually speed things up at the SOMO end.

Yes, even clarity on the $16/$14 or $13.50 (my guess) interim payment would have been sufficient, instead of dressing it up in the $30pb equivalent equation.

Thought we agreed it was going to be little more than an invoice inspection to make sure all costs were correctly accounted for.

Suggestion of suspecting jiggery pokery perhaps?

Putup - it's not "for free" there are various expenses and outgoings in running a Navy and intercepting oil tankers?

This is a joke to be clear :-)

Oil price falls much further we may be very happy with the $16/$14/$13.5 interim payment deal.

Something tells me that scenario would speed up Wood Mackenzie analysis/report.

Well I'm thinking that production does not necessarily equal oil exported and paid for due to storage tanks being filled at Ceyhan. Does that make sense?

Could produce 43K or whatever but with only 40k actually being loaded onto tankers with payment due.

I'm looking more at 40k for Oct as presume there's a subtle difference between production and actual exported oil when you consider amount of storage at Ceyhan?

Ok, thanks for that, good news indeed.

What do you make interim payment roughly for October production $13m??

Was seriously hoping for confirmation that 2nd lifting of IOC payment oil had been completed prior to end of November.

Sorry missed out 80% x 13.5 = 10.8

Thinking it's maybe a $2.5pb reduction for pipeline usage?

$16-$2.5 = $13.5 = $10.8pb

Equates to $30 x 36% exactly

Too many unknowns as usual. Seems obvious not wanting to give too much information during this interim period and whilst receivables negotiations are ongoing.

"Still $12 short what they were getting"

No that's not how it works as GKP were only receiving 36% of the $28 local sales price.