Genel Energy Share Discussion Threads

[cyan] 06/11/2017 14:32

Volume is next to nothing.

On the bright side ; Brent $62.54

Yes, its all about getting paid. Wait and see times

[cyan] 06/11/2017 14:29

Its all about how the revenues are divided up.I believe Baghdad wants to pay only about 12% to the KRG; less than the constitution specified



“We say this now and we have said it before, if Baghdad is willing to fully pay the 17 percent share of our budget we are ready to hand over to them the oil dossier.”

“There has not been a census in Iraq and until that happens things should remain as they are agreed on in the constitution. The Iraqi constitution gives the Kurdistan Region 17 percent of the budget.”

[gregpeck7] 06/11/2017 14:19

Problem is gonna be how do they pay us! This months payment should be interesting

[gregpeck7] 06/11/2017 14:18

Following the independence referendum organized by Iraqi Kurdistan Regional Government (KRG) on September 25, there is a new development while the tension between Erbil and the central government in Baghdad continued.Iraq's State Oil Marketing Company (SOMO) Director General Alaa Yasiri stated that the Central Government wants to undertake oil exports from the Kurdistan Region of Iraq.The process of exporting oil from Kurdistan to the port of Ceyhan was asked Ankara for permission to be given to the Iraqi Central Government said Yasiri added that negotiations continue on this issue.It is stated that the amount of oil that reaches Ceyhan through the operation pipeline is about 530 thousand barrels per day by mid-October, approximately half of this amount is extracted from oil fields in Iraqi Kurdistan Region and the rest is from Kirkuk, which was from stateless regions. (ILKHA)

[gregpeck7] 06/11/2017 14:17

Baghdad takes over oil exports to Ceyhan from the Kurdistan Region!: Central Government of Iraq reportedly in... goo.gl/fb/9DUmjt

[cyan] 06/11/2017 13:33

Keep an eye on these guys. If there are issues they will let us know soon enough.

[panagos] 06/11/2017 13:27

doesn't look reliable source if you ask me..

[gray1107] 06/11/2017 13:25

Also

Kurdistan’s @PMBarzani says #Baghdad has violated the Iraqi constitution by drafting budget without recognising #Kurdish entitlement.



KRG are really over a barrel now, about to be starved into submission.

[gray1107] 06/11/2017 13:21

Iraqi crude exports from Kurdish region halted - port agent
#Iraq#Kurds#Energy

[panagos] 06/11/2017 13:11

21 trading hours to go for Pesh 3 update.

Buy before sale is finishes on Thursday morning

;)

[panagos] 06/11/2017 08:56

btw Jacob Rothschild was never a shareholder, he son is. lol

[losses] 05/11/2017 20:45

You back in 24p?

[panagos] 05/11/2017 19:55

Jackpot!

wantmorethan24p5 Nov '17 - 18:56 - 21808 of 21810 0 0 (Filtered)

wantmorethan24p5 Nov '17 - 18:57 - 21809 of 21810 0 0 (Filtered)

wantmorethan24p5 Nov '17 - 18:57 - 21810 of 21810 1 0 (Filtered)

[wantmorethan24p] 05/11/2017 18:57

THE ROTHCHILDS ARE CORRUPT

[wantmorethan24p] 05/11/2017 18:56

Jacob Rothschild is corrupt

[losses] 05/11/2017 17:07

Well it all sounds good with poo going up but will this materialise is £$ for us?

[panagos] 05/11/2017 17:04

Trolls working weekends. Bodes well for the next couple of weeks..

[cyan] 05/11/2017 12:31

Looks like there is plenty of politics that will keep POO North of $60.

Somaliland is the twinkle in the eye promising area that remains years from possible fruition. Others maybe drilling next year but my reading is GENL are more likely to start in 2019. It COULD be huge for GENL with known oil seeps and other promising data, but that's looking a long way down the road.

Its the gas we should focus on because in the short term we will get the CPR and an update on negotiations with potential development partners. Both promised before end 2017.



From Genel;


"The updated competent person's reports for Miran and Bina Bawi are on track to complete by the end of 2017. During Q3, it was announced that the KRG had negotiated Rosneft’s participation in the funding of the construction of the KRI natural gas pipeline infrastructure.

The development of the Miran and Bina Bawi assets has the potential to be transformational for Genel, and the Company is focused on demonstrating the value proposition to the industry and market. Genel has been central to the Kurdistan Region of Iraq’s development as an oil province, and we now look forward to playing the same role in the development of gas exports which will provide a huge boost to the KRG’s economy."



KRG needs a huge boost