Genel Energy - Re: GENL Stream Log - These KRG payments are a...

These KRG payments are a nightmare, even with deferred revenue contracts from majors like Glencore they dont seem to be able to pay the oil companies! Strange that it takes so long, because in the MNR monthly reports it states that an amount has been allocated to OCs. Also Genel shouts but until sofar doesnt deliver.....how about that Equity stake in mid/up- stream projects gas business. Although they stated that an equity partner is expected to be presented in 2016, they should run a little harder with this underperformance of the last year or so. In latest presentation it states that the field development contract is expected to be awarded in Q2. Also the Pre-FEED expected to be completed in H1.......so we have another 2 weeks! If it stays silent it doesnt give a picture of confidence! In my opinion, one of the only reasons the stock still holds without the prior mentioned arguments is the fact that this Turkish energy company bought a stake......we know how it goes in these countries....does this party know something we as regular amateurs dont know?