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This is pure and simply about brown envolpes and whats inside. Saying that I read an article this week where inflation is absolutely crazy in Turkey and surely an oil deal would assist to help bring this down a bit plus add some needed cash to the coffers. Lets see what happens but experience tells me nothing happens switfly in this region. You may think a few months is a long time but to these guys its part and parcel to getting to what they want to achieve. Still on the sidelines at present however waiting to invest. Tempt me GKP tempt me. I am wating for some form of positive update
It doesn't matter how much oil you have as the biggest question is "If you cant get it to market what happens?" There are various obstacles at present and I still dont see how we are generating income to sustain viability never mind making a profit or paying a dividend. We need answers GKP. Look forward to receiving some clarification.
Thats a really good post BB, however the political aspect is far different. The grade of oil is negligible in the greater scheme of things. Why you may ask? If these contracts are not honoured the oil is worthless. Does not really matter if heavy or not. In the current climate the KRG can just wait and the companies that were producing will go under if no revenue (Suppose you could call this nationalisation). Thats a result as more money for them. That said, not all companies, but some have all their eggs in the one basket. This is GKP's biggest predicament at the present time. Its all OK cutting custs but this can only happen for a certain period before the envitable happens. As I have been invested here previously over many years in the older days I sincerely hope a resolution is reached however with no income this company is only gong one way unfortunately. I really hope it does not come to this but I personally do not have a lot of confidence in the KRG and the envelopes that are involved. Hoping GKP prove me wrong as I am waiting on the sidelines and will be happy to invest in due course. Guys on here post and I sometimes think with blinkers on but everyone is entitled to their opinion.
Still red or black. Place your chips. For what it is worth LTH you would be just as well letting this run its course until an outcome is reached if at all. Still waiting but nothing to say buy to me at the present time. KRG are well known for well taking the p
I agree. Lets take a look at the RNS :
Petro Matad Limited (AIM:MATD), the AIM quoted Mongolian oil company, announces that the Velociraptor-1 exploration well in the Taats Basin of Block V located in central Mongolia reached a total depth (TD) of 1500m and wireline logging has been completed but unfortunately all the reservoirs encountered were water bearing.
The well came in close to prognosis at all levels. The primary objective Late Jurassic/Early Cretaceous Undur Formation was encountered at 1170m and had good quality reservoir sands interbedded with shales over a c. 200m interval. In the secondary objective Early Cretaceous Shinehudag Formation, three thick sand units were drilled with average porosity of around 18%. Good quality electric wireline logs confirmed both objectives to be water wet.
The well will now be plugged and abandoned and the rig will be demobilised. Operations were carried out on time and as budgeted with the full support and cooperation of the local community. The well results will now be incorporated into the Company's interpretation of Block V before any further operational activity is undertaken in the area.
I can not believe this share price ended where it has today. I must be drinking something that has an impact on logic. Good luck all LTH but as Biden says "C'Mon man"
Ifs and buts however investors require answers. The longer this goes the further it will fall. That's just the way it is. I dont want this to happen as I am sitting here waiting like I have stated various times but this GENL news is worrying unless I have misintrepted what has been stated. Will conduct more research over the weekend however I hope everyone has a good weekend. Just remember money can't buy health and this is only a share and ultimately a profit or loss depending.
The bigger question at present is whether existing contract is legal or not? If not legal this company is worth nothing as all eggs in one basket. if a new contract is agreed all good and we move forward but the big question is what is it? Not reseached GENL but if they pulling out of KRG that is really not good by any stretch of the imagionation. Still sitting on the sidelines and waiting but nothing has happened to make me want to take a roll of dice yet!
That is exactly the problem here. They are all in on Kurdistan and as a result it is all or nothing. Still waiting but watching closely as plenty of time to add before any meaningful news. It would certainly have helped if this BOD had irons in more than 1 fire so to so speak but it is what it is and we are where we are. Still believe in the future of this company but how low before the anticipated rise takes place is the more pressing question. Long term holders should be rewarded but this market is about profit and loss and taking gains where you can.
15 years ago through highs and lows the same crap is posted today to what I read years ago and it is so evident depending whether you are long or short. Simply OMG. I did read earlier about a binary choice and in fairness that about sums it up. The KRG are not exactly a government that go by the book and no I dont care whether they are now part of Iraqi exports or not. Corruption is rife and will remain. That said they have met GKP half way up to now but still witholding payments whilst lining theor own pockets but this is simply a win or lose situation. My bets were on win a little while ago however the longer this goes the worse it gets for GKP. Its not rocket science!! Still waiting on the sidelines for any developments. Plenty of time to get in if the situation improves but it is by far not guaranteed at present.
Just read back Max. Nice reply to my previous post mate. You must take great credit in your replies to peoples opinion. For what it is worth I dont like the fact that the price is now below consolidation price. That said, like I stated earlier this share is on the watchlist. If your in your probably as well as seeing what happens and if not sit on the sidelines until things become clearer. No advice intended as its a personal opinion and one that has been formed over many years being in and out of this company
Whilst I appreciate your views mate you are missing the fundamentals here. Before I explain I just want to state I have no position in this company at present but am watching as I was invested here at the start over a decade ago and made some serious money however lost some money also but overall GKP has been a good share to me. We are now at a price when the consolidation took place. Since then there has been a lot of devolpments and whilst I appreciate the current uncertainty there is the potential for big upside here (Not without risk I may add) plus added incentive of dividends. I could post charts to demonstarte also which in my opinion are looking postitive for a move to the upside. I stress there is no advice intented here but this is certainly one I am watching at present and awaiting some more information before I take the plunge. The biggest issue is Turkey and approval of pipeline. GKP have the oil but this is the main issue at present along with costs and ongoing viability if it drags out. Lets take a step back though. The basics here is that they have the oil and in current climate this will come to the market as it always does. Therefore the charts, fundamentals are all in GKP favour at present. Will this change, it is certainly possible but to state Turkey will bite of their nose in spite of their face is not really a realistic view. They have an opportunity to make money and money always talks and eventually a solution will happen. Like I said I am on the sidelines at present but you can not write of this investment at present and I for one am waiting to take advantage in due course if certain events are met plus I really like the look of the charts at present despite the decline recently. Good luck LTH as I appreciate this share is a roller coaster and not for the feint hearted. In the meantime I am watching events and will assess in due course to whether I am back in the roller coaster ride or not.
has go to break the down trend. Now one to watch and I will surely be back again soon. good luck guys
bang on the top of the downward trend line at 41.5p. Lets see what happens
are mixed IMO. Increase production but decrease in platinum price etc.
struthers
results here today. Am I wrong? I know last time they were released later than 7am
in holdings for me on Friday. Hopefully Monday brings some positive results but the chart tells me otherwise. Lets see
Thursday or Friday as I posted here with a target of 44-46p which I feel we reached today. However that is the good news. The bad news is we are right back at the resistance area in this region and we are still in a downtrend even after taking into account the action we seen today. I wont get too optimistic yet and may reduce some holding tomorrow depending on action and oz. Minted sorry to ask again but when and what news are you expecting here?