Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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Watch out for next round of buybacks being cunningly moved into ‘treasury’.
These will be distribute among our BoD at a convenient time ( probably during the uforia of pipeline re-opening).
Like taking candy from naive babies…….
This time next year we will be only few months from total independents.
No iraq and no shi[]y contract terms form them idiots.
Just relax and take them dividends until then. Th buybacks are not for any shareholders only for the BOD when the pipeline opens . $20 plus million in bonuses for being your heroes. Can't wait for that RNS.
Itz. Time to give up on this jealous crusade, admit that “ I got it wrong” and troll something else. Might I suggest the British aristocracy that really do take money for nothing. ( As opposed to people that put their hard earned money into a high risk / reward company and deserve our reward, plus the management of that company who, as most of us would, seek maximum reward for being successful in life. ) Unlike Itz a loser that got it wrong but is loathe to admit Itz own failure by wasting time studying a company that Itz doesn’t have an investment in.
“We will only be etc.” Whose We?
Https://youtu.be/m47CCuaexew?si=cP-3hEk6SYxyfLuP
Listening to that there is no way iraq will agree to what the IOCs want. Local sales till next September.
Chill out and take your dividends for another year everyone. The buybacks are only for the BOD bonuses later down the road
After listening to our company presentation carefully it does appear to me that the stance has noticeably changed regarding opening of the export pipeline.
Its not just who controls the crude purse strings anymore its grown into a full rats nest of lies and deceit with many parties with hidden agendas. Majority of which has been orchestrated by the lying Iraqi oil ministers. He even praised the recent meeting as "good progress". What planet is he on.?
Clearly we now have a full scale export trucking operation in full swing. Baghdad knows this and probably why they are more than hesitant on the purse strings when giving the KRG their share of the budget.
Clearly eye watering profits are being paid, and I dont believe that the IOC's are being given fair compensation for the crude produced. However they are getting paid quickly and its starting to increase ....I expect this is due to the fact that those making literally Billions from all the IOC's combined have realised that they must give the IOC's more of the "cake" , in order in some cases to service debts and provide enough income to get things back to a semblance of normal.
Now the realisation is kicking in that we are in for the long haul I'd expect crude prices paid to keep ticking up with the permission of the controlling paymasters of the trucking operations.
Make no mistake this is operations on a huge scale employing hundreds of staff. Clearly this exports are under the radar, which is why OPEC wants to see it with SOMO control and accountability.
However it seems to be growing in scale and profitability so unlikely the KRG will actually show Baghdad our IOC contracts and its going very well indeed for them right now, so why change things as they know Baghdad will then exercise its new monetary muscle to subjugate Kurdistan. They just don't trust them and going by what we've seen I'd tend to agree.
So I look forward to slowly increasing "local sales", and probably increasing rate of pay for the crude. I actually believe we are better off allied with Kurdistan than Iraq, although as we all know it is a bit like the wild west.
Rather begs the question: If the opportunists (being polite here) were able to get so many trucks for their "exporting endeavors", why weren't the oil companies able, or willing, to do the same?
Were they unwilling, and if so, why? Or did the KRG have its own agenda?
It's a rat's nest indeed.
Surely none of us would ever object to an index related bonus to our hallowed BoD.
Even if they have been incapable of expanding the business, recovering our debts and selling oil to the tribal leaders for dubious re-exporting (which may come back to bite us), and using our working capital to buyback the next tranch of shares (for safe but sterile keeping ‘in treasury’).
Hi Broadford,
I doubt the IOC's would even consider trucking operations that might be construed as illegal by Iraq and used as an excuse for contract termination. Also lots of obstacles to overcome if even thinking of going down this path.
However trucking operations by the KRG or their appointed "partners", know the routes, contacts, and have control of border security on both sides, so ideal for them to control.
I expect things might get "difficult", if the oil companies even tried to do likewise. I actually believe impossible, to exit border posts for example. Clearly the maths are lucrative, and the KRG did it for years before the export pipeline was commissioned.
As we both know the KRG get several financial bites of the cherry if trucking crude from GKP sites to "local refiners". So its very much in their best interest to keep operations smooth.