Temporary word on Kurdistan oilers – I’ve GKP / GENL however applies to the others DNO / SNM
Excellent news on pipeline reopening got here via, up 14% in the present day.
www.kurdistan24.internet/ckb/story/865051
Little involved we havent heard from apikur but (https://www.apikur.uk/) (Affiliation of worldwide exporters).
The share value rise places GKP about the place it was the place pipeline was closed (March 2023).
GENL nonetheless down. Assume it needs to be about the place it was the place pipeline closed at a minimal – about 70% upside from right here.
Some argument GKP has much better potential / reserves.
Nonetheless assume a lot of upside and its considerably derisked.
A number of the low valuation for these was attributable to questions round authorized legitimacy of contracts. These have now been *principally* resolved.
As ever that is Iraqi Kurdisan so loads of potential to grab defeat from the jaws of victory -even if we’ve got setbacks satisfied a deal shall be carried out right here and upside stays.
Raised weight in each earlier than information / in the present day – now 8% GENL, 7.5% GKP.
Not for widows and orphans however doubtlessly a decrease threat entry and fairly quick cash to be made.
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