Genel Energy Share Discussion Threads

[erbullion] 25/3/2024 08:16

Final results out tomorrow

[teamgb] 22/3/2024 13:44

Thanks for the insight, which would broadly align to the expectations set by genel, expected in year, but ultimately could be longer.

[sivadnoj] 22/3/2024 13:35

The key factor in determining how long the arbitration ruling takes will be how busy the Chairman is. They are generally ex High Court judges making a good living out of IA and the best are in great demand. It is not unusual for the Chair (and sometimes the other members of the Tribunal) not to have read all the papers prior to the hearing. Expect a ruling in 3-6 months but don't be surprised if it takes up to 12.

[teamgb] 22/3/2024 13:21

Genel have stated they expect the arbitration to come back with a ruling in 2024, but will not make any statement until the ruling is made, I imagine following the 2 week hearing, those on the arbitration will now be deliberating and consulting specialists to determine the ruling and then if (hopefully) applicable suitable compensation. I have not been able to find out how long verdicts typically take to come back from international arbitrations, I expect it will vary by complexity of each case, one would assume Genel's is not too complex. As for the historic comments on this being a waste of time as the KRG will be unable or unwilling to pay. From what I have read, the enforcement of rulings is the main reason for the inclusion of international arbitrations in contracts. Should the losing party refuse or be unable to pay, I believe the owed party can progress for assets to be seized to cover the amount owed, providing the assets are held by in this case the KRG in any country that recognises international arbitration. For me that is quite a significant avenue for genel to realise value, albeit likely not immediately, should they receive a positive outcome.All in my opinion.Happy to be corrected on any of the above.

[kris akabusi] 22/3/2024 11:00

So. What on earth happened to the arbitration case?Why the radio silence?

[milliecusto] 19/3/2024 08:02

Expect this to start attacking 100p this week

[milliecusto] 18/3/2024 11:14

Strange Genl not motoring ahead, expect will pop soon

[geckotheglorious] 18/3/2024 09:38

Was RNS'd as well.
Wonder why it didnt "feed" through to advfn.

[dalem2uk] 17/3/2024 09:49

There was an RNS on 14th with the reserves update, you can see it on LSE just not ADVFN. The news symbol did show here on the day but nothing showing when going to the list. It does the same for GKP sometimes, very strange.

[chopsy] 15/3/2024 18:08

Yes, thx, I read that and wondered why no RNS here.

[geckotheglorious] 15/3/2024 13:10

Chopsy

14th Mar 2024


Note section on Genel Reserves

[chopsy] 15/3/2024 10:12

So didn't Malcy report yesterday a reserves update? Why is no news showing here?

[losses] 07/3/2024 16:51

htTps://shafaq.com/en/Kurdistan/KRG-Minister-supports-resuming-oil-exports-via-SOMO-after-Paris-Arbitration-decision

[justiceforthemany] 07/3/2024 16:19

Production cost agreed?

[kris akabusi] 07/3/2024 13:55

Creepage leads to boomage

[greengremlin] 05/3/2024 16:50

Quiet on here

[maxplus2] 01/3/2024 10:10

But shareholders won't know the outcome immediately

[hangthedj] 01/3/2024 09:00

Final day of 2 week arbitration case.

[bri15] 29/2/2024 14:32

Vrci is going to multi bag,soon.

[geckotheglorious] 29/2/2024 14:31

The Kurds dont have any money because Iraq hasnt consistently paid them their budget share for yeaars...

[justiceforthemany] 29/2/2024 13:17

Apikur playing hard ball.
US will stop the billions in aid they give to Iraq unless ITP exports resume.
Sudani would have to be even more stupid than he seems to not agree to this.

[phillis] 29/2/2024 09:30

Only that the Kurds don’t have any money to pay damages if they lose

[kris akabusi] 28/2/2024 16:52

Anyone heard anything re arbitration?