2011 November

The war of words is certainly hotting up between Baghdad and Kurdistan. The Kurds look like they are firmly in the driving seat which bodes well for GKP, PCI, HOIL, GENL and SEY. ……………………………………………………………………. Kurdish leader says Iraqi PM had no objection Deal is constitutional, Barzani says Baghdad has threatened sanctions over Exxon pact By …

Central banks announce actions to enhance capacity to provide liquidity to global financial system. This when combined with China’s central bank move to cut the reserve requirement ratio for its commercial lenders on Wednesday should really bolster growth dramatically. Just what the markets needed. Lowering the reserve ratio by 50 basis points reduces the ratio for …

This is a bit tentative from DJNews but if true could signal the biggest movement yet in the Exxon Iraq story. Many were astonished by their entry into Kurdistan defying the rather backward and aging Baghdad oil ministry in the process. It’s difficult enough to get Baghdad to talk to the Kurds at all – …

Afren are presenting at the Merrill Lynch conference today and their pdf presentation can be accessed below. There’s some good slides on their Kurdistan interests for Gulf Keystone, PetroCeltic and Genel investors to take note. Click the link below. Merrill_Lynch_conference_presentation_301111

Not great news for Char shareholders as the company confirmed today that they have missed out on a vital rig contract. This unfortunately means that CHAR will not be drilling until Q2 next year and even that date is unconfirmed. As seen by the sell off on Bowleven, the markets and investors do not like …

Tower resources announced yesterday that the executive chairman, Peter Kingston had stepped down. Mr Asher has taken on the Chairman’s role with immediate effect and today announced that his family trust had increased their ownership in Tower to 7.89% through Agile Energy Limited. Tower are certainly heading towards the sharp end of their farm out …