Genel was hugely oversold.
+10% |
Live 161.5/163.2 volume 95k |
https://x.com/kurdistan24tv/status/1884868485315993899?s=46 |
 A delegation from the Kurdistan Regional Government (KRG) Ministry of Finance and Economy will meet with a delegation from the Iraqi government in Baghdad.According to Hoshmand Sadiq, Kurdistan24 reporter, Thursday, 30-01-2025, a delegation of the Ministry of Finance and Economy of the Kurdistan Regional Government will go to Baghdad. Kurdistan24 learned that the delegation of the Ministry of Finance and Economy tomorrow Friday, 31-01-2025, at the house of Fuad Hussein, Deputy Prime Minister and Foreign Minister of Iraq; He will meet with a delegation from the federal government. According to the information, the meeting will discuss the passage of the budget amendment and resolve the issue of salaries and financial entitlements of the Kurdistan Region. The meeting comes at a time when, last night (Wednesday, 29-01-2025), Mohammed Shia Sudani, Prime Minister of the Federal Republic of Iraq met with the leaders of the factions of the Iraqi parliament; The main topic of the meeting was the passage of the budget amendment in parliament. After the meeting, Dr. Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction in the Iraqi parliament, told Kurdistan24, "The meeting approved a general understanding to pass the amendment to the budget law, especially the clause related to the re-export of oil. |
Tullow - "Independently audited 2P reserves at year end 2024 of 164.5 mmboe (212 mmboe at year end 2023), valued at c.$2.5 billion."
GKP are currently reporting 458 million barrels of 2p reserves.
So using the same metric would value ours at $6.96 billion or £5.57 billion.
Which is £25.66 per share. |
Tullow--Interesting
"Independently audited 2P reserves at year end 2024 of 164.5 mmboe (212 mmboe at year end 2023), valued at c.$2.5 billion (NPV10)
====================================================================================
Yes,one could easly conclude an orchestration.
Deal pre pipeline opening or after?
Expect anything.
GLA. |
Chanson d'amour, ra da da da da, play encoreHere in my heart, ra da da da da, more and moreChanson d'amour, ra da da da da, je t'adoreEach time I hear, ra da da da da, chanson, chanson, d'amour |
Well Sudani was the one who tried to add an extra clause at the last minute last time. He didn't get away with it. Hopefully he has now backtracked on that. Fingers crossed. Also once again thanks to all the newshounds. |
john@john78846295: 44m
Sudani: The budget amendment should be passed without changes.
Factions agreed to vote on amendment to the budget law. |
ERBIL (Kurdistan24) In a significant step toward economic stability, Iraqi Prime Minister Mohammed Shia al-Sudani has successfully secured parliamentary consensus to advance a crucial budget amendment aimed at resuming oil exports from the Kurdistan Region.Following a meeting on Wednesday with the heads of parliamentary factions, Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction, confirmed that lawmakers had reached an understanding to support the amendment."The prime minister emphasized the urgent need to restore oil exports to mitigate economic damage, urging all parties to collaborate in passing the government-backed bill," Sabri told Kurdistan24.With broad agreement among Kurdish, Sunni, and Shiite factions, approximately 200 MPs are expected to vote in favor of the amendment on Sunday, marking a potential breakthrough in Iraq's energy and economic sectors. |
Yes,BP entering Kirkuk was a big giveaway and augurs well for other Majors doing the same.
Looking very positive.
Hello seven sisters.
"It's an oilman's dream".
GLA. |
This might very well be over for a couple of reasons.
1) This lot have now finally realised that BP expect the Kurds on board re Kirkuk or they lose the contract.
(2) The Iranians are pre occupied with the threat of Trump sanctions that they know are coming and also suspect he will give the Israeli's a free hand to take out their nuclear sites. So they wont want to provoke the USA even more with this pipeline issue.
IMO |
How are they going to get 1.6m through the pumping/monitoring station and the pipe in Turkey!!!
Drilling and developing the field will depend massively on the terms and conditions.
Will there be any room for sludge in the pipes?
Why would the Majors be interested?
Buy hey Queen lemming sarah you've finally managed to get something correct on who owns the P/M station. But you are ignoring the fact that SOMO will decide what oil goes through it!!!
Spin away queen lemming sarah:-) |
Wow guys, overtime rates tonight. Many thanks to all the great investigations and news posts on this BB, it really is appreciated by investors like me who would be blind without this info.
Maybe THIS time eh ! |
Is this 16 year long nightmare actually coming to an end.
Are we really going to live to see that pipeline full with 1.6 million bpd of crude from Kurdistan and Kirkuk flowing west to the Med.
Are we going to be talking about drilling and developing the field again.
Are we going to see Kurdistan open up to the majors, according to Fuad Hussein BP has already expressed an interest.
Are we going to see Ashti Hawrami's dream of "moving from the small and the beautiful to the large and the magnificent" actually realised at last.
If so "we're gonna need a bigger pipe".
Let's see how Sunday goes first. |
Great posts today, my ISA is feeling a bit frisky again.
SO prediction for tomorrow 165 (only because of hope wear and tear on the false starts)
Post bill pass I'm back with 189+ on Monday.
And a thought on the lack of APIKUR involvement, government aren't able to do any real negotiation until the actual figures are on the table, apart from being a little, ahem, linear, in their planning skills, THEN they can get on with trying to screw over, sorry, negotiate terms with the IOC's. |
One for the road Habs. https://x.com/IraqiPMO/status/1884708721424543981 Prime Minister Mohammed Shia Al-Sudani hosts a meeting at the government palace with heads of parliamentary blocs, in the presence of Parliament Speaker Mahmoud Al-Mashhadani and his deputies Mohsen Ali Al-Mandalawi and Shakhwan Abdullah.Based on the role of the Federal General Budget Law as a fundamental pillar for implementing the obligations contained in the government program, and in a manner that takes into account the supreme national interest, the latest amendment submitted by the government to the law was discussed, where the Prime Minister confirmed the commitment to this text that addresses the issue of the cost of producing a barrel of oil, which was approved by the Council of Ministers in its forty-fifth session on November 5, and was confirmed in the letter of the government representative in the House of Representatives, No. 15, sent to the House of Representatives on January 23, which is the same text that was voted on within the Parliamentary Finance Committee.His Excellency pointed out the necessity for the House of Representatives to approve this amendment without change, to complete the development plans, in accordance with the economic interest of Iraq, and the vision adopted by the government program approved by the esteemed House of Representatives. |
You've had a busy day Kev, and greatly appreciated.
Fingers crossed for Sunday.
Maybe BP will be signing up next week after all. |
More of the same! https://www.basnews.com/en/babat/873742 ERBIL - Iraq is nearing a breakthrough in resuming oil exports from the Kurdistan Region, as a general understanding was reached in a meeting between Prime Minister Mohammed Shia' al-Sudani and Kurdish parliamentary faction leaders to pass an amendment to the budget law, a senior Kurdish lawmaker said.Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction in the Iraqi parliament, told Kurdistan 24 that Sudani urged faction leaders to support the amendment, which is already in parliament. "There is only a vote left to resume the region's oil exports," she said.Sabri added that Sudani emphasized the economic damage caused by the suspension and called on lawmakers to cooperate in approving the amendment. She said about 200 members of parliament from Kurdish, Sunni, and Shia factions had agreed to the proposal, and a vote is expected to be scheduled for Sunday.Oil exports from the Kurdistan Region have been halted since March 2023 after a Paris-based arbitration court ruled that Turkey had violated a 1973 pipeline agreement by allowing the Kurdistan Regional Government (KRG) to export oil independently since 2014. The suspension has cost the Iraqi treasury an estimated $15 million. |
Article says vote on Sunday! https://www.kurdistan24.net/en/story/822189 ERBIL (Kurdistan24) In a significant step toward economic stability, Iraqi Prime Minister Mohammed Shia al-Sudani has successfully secured parliamentary consensus to advance a crucial budget amendment aimed at resuming oil exports from the Kurdistan Region. Following a meeting on Wednesday with the heads of parliamentary factions, Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction, confirmed that lawmakers had reached an understanding to support the amendment. "The prime minister emphasized the urgent need to restore oil exports to mitigate economic damage, urging all parties to collaborate in passing the government-backed bill," Sabri told Kurdistan24. With broad agreement among Kurdish, Sunni, and Shiite factions, approximately 200 MPs are expected to vote in favor of the amendment on Sunday, marking a potential breakthrough in Iraq's energy and economic sectors. |
A natural feeling but many a slip twixt cup and lip. It`s the vote if it happens that counts. These are very agreeable but slippery people with well entrenched views trying to protect their cause.
Half empty I know but we`ve been here many times. |
https://x.com/viansabri/status/1884686696190455960 Today's meeting with the Prime Minister, at the initiative of Dr. Mahmoud Al-Mashhadani, in the presence of the Deputy Prime Minister, Dr. Fuad Hussein, and the heads of the parliamentary blocs, ended with a unanimous vote on the government text on the subject of amending the budget law regarding the costs of oil produced from the fields of the Kurdistan Region. |
https://x.com/thenewregion/status/1884689854660825567 The meeting in Baghdad between heads of the parliamentary blocs and Iraqi PM Sudani to discuss the proposed amendments to the federal budget law has concludedVian Sabri, head of the KDP bloc, told The New Region that a "general understanding" was reached during the meeting to pass the amendments |
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