Member Info for Straycat

Funny and illuminating in equal measure...

I reckon that the Oslo Listing @ end of 2025 is now a given after JH’s Norwegian interview (thanks again Jens).

His rationale is to excite new investor interest in another stock market. And that may be so.

But when asked at the back end of the interview whether or not there might be future consolidation of Shaikan IOCS he also suggested that as a possibility as long as it was in mutual interest of the Companies involved.

So I wouldn’t rule that out at some future point.

I reckon the Company is still significantly undervalued following its new positioning ref. the ITP re-opening.

Be interesting to see what happens to the sp in the coming days as the dividends hit and investors have to make decisions about GKP and its future trajectory.

Market value at today's understanding of today's understanding.

I reckon the Market is getting over-excited.

I really hope I'm wrong.

I'm wholly overweight here! ! !

However, I also believe that this is a serious share with serious prospects.

This Oslo listing, which will happen by the end of 2025, given some new regulatory stipulations (which JH insists are simply to be consolidated in the year end accounts) has to have a meaning.

According to JH it is, at its simplest, a means of attracting new investment in a Company(GKP) well known in the region of Norway.

Okay.

But on another level JH has recognised the intrinsic value of co-operation between competing IOCs in Kurdistan including the possibility of amalgamation.

But only if it was to the benefit of all shareholders.

DNO?

All per his recent Norwegian interview (thanks Jens).

Imo, this impasse is inevitably be going to be resolved by a bi-lateral treaty between GKP and the KRG.

Nothing else makes commercial sense...certainly not APIKUR pitching up and arguing on behalf of disparate companies with different agendas driven by their own commercial dynamics.

We are debt free.

This is a crucial difference thanks to previous sacrifices paid by uninformed investors....

‘@ PUTUP are you an accountant or a valuation specialist?’

None of the above.

PUTUP’s a delusional muppet driven by an ideology which seeks to deprive GKP of its right to self-determination.

A right given by LTH self-sacrifice under the Re-structure in 2016.

And that right is determined by the underlying belief in self-funding growth to 100k bopd over the next 5-7 years.

That’s what the focus should be on, and how to achieve it under current circumstances.

That’s JH’s brief, and his mission.

Why I’m still invested in a significant way.

PUTUP's rhetoric is just propagandic disingenuous noise.

Apologies for the advertisements interrupting my intervention

Divide and rule.

APIKUR is a fabrication borne out of common desperation.

It has no heft.

The members will do whatever is in their individual shareholders best interests.

For GKP that pact is meaningless because they have no debt.

They will negotiate with the KRG on their own terms.

Divide and rule.

APIKUR is a fabrication borne out of common desperation.

It has no heft.

The members will do whatever is in their individual shareholders best interests.

For GKP that pact is meaningless because they have no debt.

They will negotisate with the KRG on there

Like I said, 2042.

No serious GKP Board Member is going to disengage if the production, political and financial circumstances are aligned.

Interesting that BB comes out of his cave whenever I appear even if he's confirming my opinion with detail I tried to summarise.

Why didn't he proffer this information when it was originally (and genuinely) enquired about?

Notwithstanding increases in production stipulations and other technicalities, 2042 in my understanding.

Maybe.

Like I say, we'll see.

No.

I'm simply stating the blindingly obvious.

GKP are part of a voluntary arrangement which has no legal binding.

They are no constrained financially as all of the other APIKUR partners are. Look at the other Members' compromised Balance Sheets

And that gives GKP at least the latitude to pursue what's in the best interests of GKP, not APIKUR.

No more, no less.

‘The stalemate continues……’

Of course it does.

APIKUR is an amalgam of IOC’s each with their own agendas, each with their own Balance Sheet problems ( primarily debt) and their own preferred solutions to the current ITP impasse.

But not GKP which is debt free and therefore able to reach its own resolutions without recourse to Miles Caggins III, his figurehead status, his absolute irrelevance to the issues on the ground and his White House aspirations.

In my mind, for JH, direct negotiations with the KRG remain a distinct possibility, as long as the funding and delinquent debt are financially guaranteed.

In fact I would go further. I reckon he has a duty to his shareholders to pursue all possibilities in these turbulent times. It’s simply not good enough for GKP to rely on APIKUR to resolve the issue.

The Board have duties too.

We’ll see…the ITP contract between Iraq and Turkey needs to be renewed by mid-September or it is finished as long as Turkey has given the appropriate one year termination clause.

Like I say, we’ll see.

Well if that's true, then it's yet another reason why JH should plough his own furrow with the KRG with guarantees on payments.

The contracts between the IOCs and the KRG have been deemed totally legitimate by the highest court in Iraq!!!

And recognised as such by the Iraqi government...

17/9 Turkey exits ITP contract.... 2/10 GKP announces new deal with KRG including delinquent debt repayments and new payment guarantees.

Calendar dates.

Well put Skint.

I agree entirely...

Next dividend will be announced along with the half year results and will be $25m.

What a share to be part of right now!

Excellent strategy, excellent vision, top class management imo.