Temporary observe on Kurdistan oilers – I’ve GKP / GENL however applies to the others DNO / SNM
Excellent news on pipeline reopening got here via, up 14% right this moment.
www.kurdistan24.internet/ckb/story/865051
Little involved we havent heard from apikur but (https://www.apikur.uk/) (Affiliation of worldwide exporters).
The share worth rise places GKP about the place it was the place pipeline was closed (March 2023).
GENL nonetheless down. Assume it must 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 suppose numerous upside and its considerably derisked.
A variety of the low valuation for these was as a result of questions round authorized legitimacy of contracts. These have now been *largely* 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 might be carried out right here and upside stays.
Raised weight in each earlier than information / right this moment – now 8% GENL, 7.5% GKP.
Not for widows and orphans however probably a decrease threat entry and fairly quick cash to be made.
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