RV UPDATE BY MARKZ, 31 JULY

 MarkZ

   [via PDK] 

 RV news has been quiet after a very busy weekend from Iraq. Nothing on HCL yet …but our last update yesterday is it looks like it will go within days.

 Question:   What is the HCL?  

MarkZ:  The hydro carbon law. This is where the Kurdish region of Iraq shares oil profits, government revenues ect …how they handle payments and who gets what. It’s been a huge stickler for 19 years in Iraq.

I have heard nothing negative out of Iraq this weekend.  

 Article:   “The Parliamentary Oil and Gas committee expressed today, Sunday its optimism about the imminent approval of the Oil and Gas Law which has been suppressed for 19 years.”  

There is discussion about the immediate approval of the HCL. We were always told that within hours of possibly days of the HCL being passed we would see that rate change.