Gulf Keystone Petroleum Share Discussion Threads

[0ili0] 30/8/2019 11:00

Stop laughing at the back...

[habshan] 30/8/2019 11:00

"Gulf Keystone common shares for a maximum consideration of US$25 million (the "Maximum Amount"), with the first stage of that programme being initiated now to purchase Gulf Keystone shares for an initial amount of US$15 million (the "Initial Amount")."

As predicted by our valued contributors Chinese_Takeaway Urals and Pensioner who have been monitoring this for us, it looks like the daily trading pattern established over the last three months has been broken this morning with the last of the "Initial Amount" of $15 million having been spent on that 0850 purchase of 105,094 shares.

As Pensioner says on the other board "So what now?"

Will be interesting.

[chinese_takeaway] 30/8/2019 10:31

https://twitter.com/GoodnightCharl1/status/1167362743785205760?s=19

[chinese_takeaway] 30/8/2019 10:31

https://twitter.com/Paul47293202/status/1167338735618449409?s=19

[chinese_takeaway] 30/8/2019 10:30

https://twitter.com/Paul47293202/status/1167336127650512897?s=19

[chinese_takeaway] 30/8/2019 10:17

https://twitter.com/Paul47293202/status/1167336127650512897?s=19

[chinese_takeaway] 30/8/2019 10:16

https://twitter.com/Paul47293202/status/1167338735618449409?s=19

[rafrider] 30/8/2019 09:57

Hi oilmanI just read your post and am still confused as to why you are still invested. You keep knocking the company at every opportunity yet still allegedly hold substantial amounts of stock. Please tell me what would make you positive again about GKP?

[mcfly02] 30/8/2019 09:52

Good Morning 😃

HabscamScot, I must say I'm most disappointed that after all you said yesterday that nobody has banged on my door 🤷‍a94;️

Here is a fact for you and one you can confirm with the company.

The money currently being spent IS NOT COST RECOVERABLE !

This is now also another sticking point with the FDP negotiations.

$3 lifting cost and they can't give the company away because of where it is.

[stockport loser] 30/8/2019 08:51

No, the money owed is a bit of a ramp as it will be recovered via payments, there's no lump sum that the Penge Pillocks tried to peddle. Anything near the 250 level is a definite short for a 210 target.

[stockport loser] 30/8/2019 08:48

Volumes a bit perky this morning

[beernut] 30/8/2019 08:43

Will this be payback what they owe us.

World Bank Ready to Help KRG’s Financial Reform Package

Basnews English 29/08/2019 - 14:42 Published in Kurdistan


World Bank Ready to Help KRG’s Financial Reform Package

Tagged under en en1
ERBIL — The World Bank is ready to send experts to the Kurdistan Region and help the financial reform package planned by the new cabinet of Kurdistan Regional Government (KRG), said Saroj Kumar Jha, World Bank’s Regional Director for the Mashreq.

The remarks were made during a meeting between a delegation from the World Bank and Kurdistan Region Prime Minister Masrour Barzani on Thursday in Erbil.



Jha also described the agenda of the new KRG cabinet as excellent, reiterating support to help Erbil in the full implementation of the agenda that is hoped to address several issues across all the sectors.

On the same issue, PM Barzani said that his cabinet aims at developing a diversified economy and improving the living standards in Kurdistan throughout the next four years, and it welcomes the support from the World Bank.

PM Barzani explained that his cabinet is working on developing agriculture, industry, and tourism as main revenue sources. It also hopes to enhance domestic and foreign investments in different fields across the region.

[urals] 30/8/2019 08:32

https://twitter.com/Paul47293202/status/1167338735618449409?s=19

[urals] 30/8/2019 08:21

https://twitter.com/Paul47293202/status/1167336127650512897?s=19

[beernut] 30/8/2019 07:17

DNO: Huge profit increase from Kurdistan oil fields; new drilling to start
Baxtiyar Goran Baxtiyar Goran | August 17-2018 10:45 PM
Share share
DNO: Huge profit increase from Kurdistan oil fields; new drilling to start
According to Thursday's statement, DNO is "the most active driller in Kurdistan." (Photo: DNO)
Kurdistan Oil KRG DNO A+AA-
ERBIL (Kurdistan 24) – Norwegian oil and gas firm DNO announced an over 80 percent increase in this year's profit from oil fields it operates in the Kurdistan Region and also that it will soon begin drilling at multiple new wells.

“At around 35,000 [barrels per day (bpd)], Peshkabir [Faysh Khabur] has now leapfrogged into second place after Tawke among the Kurdistan fields operated by international oil companies,” read a cheery statement posted on its website on Thursday, which also said that the company will soon pay its investors their first dividends.

According to the statement, DNO is "the most active driller in Kurdistan," with three rigs operating across its licenses with a fourth to be added next month.

"Fast track development of the Peshkabir field is expected to boost output by another 15,000 [bpd] to 50,000 [bpd] by yearend.”

The statement said that DNO will commence operations at the Bashiqa field with another rig to be mobilized to start drilling the first well in September as part of a back-to-back, three-well exploration program.

The town of Bashiqa is located within territories disputed by the Kurdistan Regional Government (KRG) and Iraqi federal government. It is located 60 kilometers west of Erbil. The town itself is currently controlled by Iraqi forces, but the surrounding areas where the oilfields are located is under control of Kurdish Peshmerga.

DNO acquired a 32 percent interest in, and operatorship of, the Bashiqa license last year, joining ExxonMobil with 32 percent, the Turkish Energy Company with 16 percent and the KRG with 20 percent, the statement said.

Drilling at Peshkabir-8 well will start in 10 days, followed by Peshkabir-9 in October, and two newly completed wells, Peshkabir-6 and Peshkabir-7, will undergo final testing this month, said the statement.

"Kurdistan is back and so is DNO."

On July 30, DNO released numbers indicating its total output in the Kurdistan Region had surpassed its previously published targets.

Editing by John J. Catherine

[urals] 30/8/2019 05:44

Nestoframpers, see running total £12m on average $ exchange for past 8weeks about 1.22 then $14.5m approx spent so farhttps://twitter.com/Paul47293202/status/1167107485574017025?s=19

[stockport loser] 29/8/2019 22:47

Then nothing to prop up this mutt?

[urals] 29/8/2019 18:47

No nestoframpers 15 m dollars not pounds , its finished today Def tomorrow

[nestoframpers] 29/8/2019 18:43

Just £3 mill left in the buy back pot , initial tranche that is.

[urals] 29/8/2019 17:11

https://twitter.com/Paul47293202/status/1167107485574017025?s=19

[habshan] 29/8/2019 16:37

Date of purchase

29 August 2019

Number of ordinary shares purchased

176,445

Highest price paid per ordinary share

240.50 pence

Lowest price paid per ordinary share

240.00 pence

Volume weighted average price per ordinary share

240.44 pence

[urals] 29/8/2019 15:21

Chinese, AgreedI expect a buyback pre Sale too, and pre the next 10m tranche, indeed that's why the Programme was split. It may be very substantial imo 55m is 25% 110m 50%Somewhere in that range, at top end it will double takeover profits or double the dividend Lots to like :)

[urals] 29/8/2019 15:21

https://twitter.com/Whodareswins77/status/1167056754800283651?s=19