Genel Energy Share Discussion Threads

[bengal1] 10/9/2016 08:14

Old article...$60m has been allocated.

[oilandgas1] 09/9/2016 23:44

KRG to pay $75m next week to contractors Genl to recieve payment next week.. About time!

hxxp://www.eiu.com/industry/article/1003488684/krg-restarts-payments-to-oil-companies/2015-09-16

[golfhelicopter12345] 09/9/2016 21:08

Bit of an assumption to say that no RNS = no payment?

[karateboy] 09/9/2016 18:51

I know there is no RNS. But KRG website says they have paid it.

[fangorn2] 08/9/2016 22:56

@Karateboy,

There have been no July Oil payments..None were RNS'd as far as I can see. July is still due.

August due soon.(presumably the new schedule of end of following month rather than original first 10 days!!)

[karateboy] 08/9/2016 21:41

According to KRG ministry of natural resources WEB site published few days ago, for Aug IOC received $60m for Aug payments. We should see RNS soon then. for July IOC were paid $25m .

[zingaro] 08/9/2016 19:25

cyan: perhaps equally important to the drawdown is the report on Bloomberg that Saudi reduced their production last month by 40k per day - implying a readiness to change direction?

[cyan] 08/9/2016 19:22

Whoopee, we have hit the big 50; Brent now $50.04

[pogue] 08/9/2016 17:44

The elephant in this room is the discussions taking place between Iraq and Kurdistan re oil right now. There is scope for a very large spike if they are concluded in agreement as money should then flow to Kurdistan. Failure to do so will result in a drop I would say. Place your bets.

[cinques] 08/9/2016 17:20

A takeover? ... The IMF loan repayments to IOCs will happen and then GENL will look dirt cheap.

[stansmith3] 08/9/2016 17:11

lolwell otherwise this share looks very sick and someone knows somethingi take the manipulation today (twice) as a good signhopefully all revealed shortly

[cyan] 08/9/2016 16:57

No, I wouldn't want to be accused of ramping Stan, lol;

Brent $49.60

[stansmith3] 08/9/2016 16:48

Incredible tape painting here as the eia numbers were hitting the wires, major effort to suppress the price.Anyone care to speculate?

[cyan] 08/9/2016 16:46

Lets hope we get a pleasant surprise soon frenchboy88.
Do you need your money in a hurry?
How do you think people who paid, say, north of 700p feel?.

Brent $49.72

[frenchboy88] 08/9/2016 16:32

oil price could be $100 makes no difference to genel if we don't get paid.

I hold at £1.26 average and I'm worried.

[cyan] 08/9/2016 16:16

Huge jump in POO. Brent now $49.74.
My wild guess is that the EIA have backed up the report of a gigantic draw on oil.

[sparky333] 08/9/2016 15:05

Because this is Iraq and they never give anything to Kurdistan and that's a fact. They owe Kurdistan billions of non payment yet complain they are not give be full control of the oil.They hate each other pure and simple and will never co operate and Iraq.The only way is if the IMF insist

[cinques] 08/9/2016 15:03

And why would the MNR miss a payment when they've been good for one each month since Sept last year?

[cinques] 08/9/2016 15:00

Why would the IMF news releases about the loans not be true?

[sparky333] 08/9/2016 14:56

I just can't my head around the fact Genel, GKP and DNO after no payments for 2 months after agreeing to invest more are silent.This is material change to Genels Assumptions on income.Unless of course this IMF is true which I personally doubt, but never say never.

[robbiekeane] 08/9/2016 14:46

No payment mechanism agreed for gas exports to Turkey in 2017 and no payment for oil at the moment. Why has Genel not made a formal announcement to the market?

[mr roper] 08/9/2016 14:45

in the grip of the MNR, worse than an algo...

[sparky333] 08/9/2016 14:38

We are in the grip of the algo's

[ohdearohdearohdear] 08/9/2016 14:21

If 95p is broken, 75p will be next stop.

[sparky333] 08/9/2016 14:00

Dodge I do not follow just oil stocks dude.