2-14-2013 *Adam Montana

[Vixen]

2-13-2013 *Adam Montana ~This certainly has been an exciting week for both rumors AND news! First a few news points...the budget is always a major deal with Iraq - every single year we see at least a couple delays before it is actually passed. During that time, there is so much confusion it's mind boggling. When are they going to pass it, are they meeting this week, next, did they meet today?! Also, since many of the actual "press releases" are released in arabic and then translated, some context always gets jumbled. The current situation right now is that they have reached the end of the normal delays and I'm expecting a final announcement shortly.the next news is that Attorney Al-Shara has announced the intention to move on the Oil and Gas law (that's HCL, my friends!) after the budget is officially approved. They won't delay on this budget forever, it will be done soon. They have already made I would guess 98% of their preliminary HCL decisions, so that will be done soon as well. Those two items, combined with quite a few other things floating around, have indeed got some of us very excited! But as always... this is Iraq. Don't get too crazy about any date that anyone gives you - things look excellent for this month, but AGAIN - this. is. Iraq.

2-14-2013 *Adam Montana ~The budget seems to get a lot of attention, but it is NOT mandatory that it be done before the HCL or after Chapter 7 or in any other specific order. It makes the most sense to do it in this order: budget, HCL, Chapter 7, then RV - but there is NO LAW that states it must be done in that order. I would be comfortable placing a wager that "a" budget will be released before the RV is announced, but also keep in mind that as soon as the dinar changes value, a new budget would be adopted almost immediately. It's my opinion that they have TWO budgets in the making - one for immediate release and another based on the anticipated RATE of the future dinar. What that rate will be is anyone's guess.The budget seems to get a lot of attention, but it is NOT mandatory that it be done before the HCL or after Chapter 7 or in any other specific order. It makes the most sense to do it in this order: budget, HCL, Chapter 7, then RV - but there is NO LAW that states it must be done in that order. I would be comfortable placing a wager that "a" budget will be released before the RV is announced, but also keep in mind that as soon as the dinar changes value, a new budget would be adopted almost immediately. It's my opinion that they have TWO budgets in the making - one for immediate release and another based on the anticipated RATE of the future dinar. What that rate will be is anyone's guess.