Member Info for withoutt

There will be some changes to our normal opening hours over the public holidays in May. Check the table below to see how the changes could impact your trading.

Friday 1 May

Labour day,
Maharashtra day • European, Hong Kong, Chinese, Brazilian, Mexican, Indian, and South African markets will be closed

• Out-of-hours prices available on:
• China H-Shares
• Emerging Markets Index
• EU Stocks 50
• France 40
• Germany 30
• Hong Kong HS50
• Italy 40
• Netherlands 25
• Norway 25
• Portugal 20
• South Africa 40
• Spain 35
• Sweden 30
• Swiss Blue Chip
• Taiwan Index
Friday 8 May

Victory in Europe (VE) day bank holiday • UK markets (except Brent Crude & London Gasoil) will be closed

• Out-of-hours prices available on the FTSE 100

• New York Cocoa, Coffee and Sugar contracts will open at 12.30pm (UK time)

Bank holiday is Friday for. VE 75

https://www.bloomberg.com/news/articles/2020-05-01/the-great-shale-shut-in-has-begun-making-good-on-trump-s-pledge?sref=Em01M8Hr

Ames
What was BURFORD CAPITAL LTD (BUR) worth when were £17 a share before muddy waters, Dished up some dirt about them.

Hi Ian
Your right about the extension, I was in Churchill mining, we were granted a 6 month extension, while we fighting a case with the Indonesian government, when that six months was up we went on the NEX exchange.
ATB

I would imagine the KRG want the Gas online as quick as possible, and probably want another 9 months to pay for it.
Or am I being to Cynical.

Whats your take ocelot KRG trying to alter the terms of the PSC ?

Genel Energy Share News (GENL)

Share Name Share Symbol Market Type Share ISIN Share Description
Genel Energy Plc LSE:GENL London Ordinary Share JE00B55Q3P39 ORD 10P
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
0.00 0.0% 116.80 115.40 116.20 0.00 0.00 0.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 284.4 78.9 28.5 3.9 326
Print
Alert
Genel Energy PLC: Update on Bina Bawi PSC
01/05/2020 7:00am
UK Regulatory (RNS & others)


Genel Energy PLC (GENL)
Genel Energy PLC: Update on Bina Bawi PSC

01-May-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

1 May 2020

Genel Energy plc

Update on Bina Bawi PSC

Genel Energy plc ('Genel' or 'the Company') provides the following update on
the Bina Bawi PSC.

Extensive documentation was received in mid-April from the Kurdistan
Regional Government ('KRG') following the commercial understanding reached
in September 2019. The documentation, which requires further negotiation,
includes a new draft Production Sharing Contract ('PSC') that seeks to
separate the Jurassic oil development from the deeper Triassic natural gas
development, with oil being developed on standard terms for the Kurdistan
Region of Iraq.

Genel has been informed by the KRG that while negotiations are ongoing with
respect to these documents it will not exercise the notice of an intention
to terminate the Bina Bawi PSC. Genel continues to seek a viable and
balanced commercial way forward for the development of Bina Bawi's gas and
oil resources, and is constructively engaging with the KRG to accelerate
progress.

Genel continues to minimise spending on Bina Bawi until further tangible
progress is made during these negotiations.

-ends-

aye WH Ireland working up until 16.30 today.
atb

21% up
Atb

Reaper007
Aus finished 16% down.
ATB

Leem1
Rig count, and cuts start Friday

Came out of auction and finished 0.1%up

https://www.shafaaq.com/en/report/baghdad-and-erbil-close-to-fold-oil-disputes-a-gas-deal-looming/

Could be something to do with Trump threatening Iran
Threatened to blow Iranian ships out of the water in they come to close to His escort ships in the Strait of Hormuz

8% down most of trading session, into auction, came out of auction 16% down
ATB

WAaussie
wti June contract starts today

17 April 2020



Genel Energy plc



Update on payments for KRI oil sales



Genel Energy plc ('Genel' or 'the Company') announces that payment has been received from the Kurdistan Regional Government ('KRG') for oil sales during March 2020.



The Taq Taq partners have received a gross payment of $4.6 million. Genel's net share of the payment is $2.5 million.1 The Tawke partners have received a gross payment of $34.6 million, with Genel's net share of the payment being $8.5 million.



The payment has been made according to recent proposals sent from the KRG to international oil companies operating in the Kurdistan Region of Iraq. Under the KRG proposals:



The KRG commits to settling monthly sales invoices by the fifteenth day of the following month
Tawke production override payments will be suspended for at least nine months
Payment of invoices relating to oil sales from November 2019 to February 2020 will be deferred, interest free, for at least nine months
Should the oil price recover to c.$50/bbl, a payment programme to recover the deferred invoices will be put in place



Genel welcomes the KRG's approach to establish a framework that provides clarity and predictability for overdue and future payments, and the commitment to full repayment of deferred invoices as the oil price recovers. Genel has requested clarification regarding the repayment mechanism, and has responded to the KRG with a proposal that balances the KRG's near-term liquidity challenges with longer-term developments benefiting both the KRG and Genel. The Company will provide further detail as discussions with the KRG progress.



1 Genel notes that this payment has been paid on a basis that limits cost oil recovery to 40% of March 2020 field revenue and excludes otherwise available unutilised cost oil capacity from January and February 2020. Genel has reserved all its rights to payment in full under the Taq Taq PSC terms



-ends-

6.5 % most of trading, into finishing auction 13.8% down
Atb

SK
From my IG account
Sunday 12 April Weekend indices and cryptos open as normal. FX opens at 9pm. US and 24-hour indices quoted from 11pm.