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GKP Gulf Keystone Petroleum Ltd

113.30
1.30 (1.16%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.30 1.16% 113.30 113.40 114.00 114.50 110.00 114.00 1,197,179 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 460.11M 266.09M 1.1962 0.95 253.36M
Gulf Keystone Petroleum Ltd is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone Petroleum was 112p. Over the last year, Gulf Keystone Petroleum shares have traded in a share price range of 81.70p to 181.00p.

Gulf Keystone Petroleum currently has 222,443,000 shares in issue. The market capitalisation of Gulf Keystone Petroleum is £253.36 million. Gulf Keystone Petroleum has a price to earnings ratio (PE ratio) of 0.95.

Gulf Keystone Petroleum Share Discussion Threads

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DateSubjectAuthorDiscuss
16/11/2020
10:26
Krg ready to agree on oil


KRG ready to work with Iraq; borrowing bill ‘dangerous development’: Nechirvan Barzani
Hiwa Shilani Hiwa Shilani | 19 كات;ژم®2;ر لەم;ەو¦2;ێش
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KRG ready to work with Iraq; borrowing bill ‘dangerous development’: Nechirvan Barzani
Nechirvan Barzani, President of the Kurdistan Region during the press conference, Nov. 15, 2020. (Photo: AFP/Safen Hamed)
Kurdistan Iraq KRG Baghdad Oil Outstanding issues A+AA-
ERBIL (Kurdistan 24) – Kurdistan Region President Nechirvan Barzani on Sunday called the passage of the Fiscal Deficit Law by the Iraqi parliament, without the approval of Kurdish lawmakers, efforts to “punish” citizens of the autonomous region.

The fiscal deficit law that the government has been waiting for is to secure employees’ delayed salaries for several weeks amid one of the country’s most severe financial crises in years due to the coronavirus pandemic and the resulting steep decline in oil prices. Petroleum sales provide for the vast majority of the Middle Eastern nation’s annual budget.

Related Article: KRG objects to spending bill Iraq passed in absence of Kurdish lawmakers

On Thursday morning, Iraqi lawmakers passed the law with a majority of its members in the absence of representatives from the Kurdistan Region, who boycotted the session over disagreements about a clause that Kurdish lawmakers described as “unfair” for the autonomous region’s share of the federal budget.

“This decision is a source of serious concern for the Kurdistan Region,” said President Barzani during a press conference after a meeting among top Kurdistan Region officials. He added that the passage of the bill is meant to “punish” the people of the Kurdistan Region and its public sector employees.

“We view this as a dangerous development,” he affirmed. Barzani asked Iraqi politicians, rhetorically, “is the Kurdistan Region part of Iraq or not? Are the region’s employees a part of Iraq’s employees?”

Barzani added that unresolved outstanding issues between Erbil and Baghdad “will hamper stability in Iraq.”

“Our message to Iraqi political forces is that the Kurdistan Region is ready to agree with Baghdad on oil and all other issues.”

A previous deal between Baghdad and Erbil stipulated that the federal government would send the regional government 320 billion Iraqi dinars for three months. “Although the amount is small, we agreed to it,” Barzani said.

Barzani extended well regards to Iraqi Prime Minister Mustafa al-Kadhimi, who “did not send the bill to the Iraqi Parliament” as it was passed. Lawmakers who voted in favor of the bill amended it.

The president asserted that approving the bill “is in direct opposition to all the principles on which we built Iraq after 2003.”

“Iraq’s problems are not dealt with in this way, even if some parties in the Iraqi parliament have the power to pass such laws.”

“We don’t have federalism” in Iraq since “Baghdad acts on a principle of centralized governance,” Barzani claimed.

“We are ready to agree on all oil imports and all the other files, and we will present all these facts to Parliament.”

beernut
16/11/2020
10:21
Kurdistan ready to submit all its oil to Iraqi federal government if given $753 million monthly: Nechirvan Barzani

Posted on November 15, 2020 by Editorial Staff in 1 Top News, Economy, Oil & Gas, Politics, Politics
Kurdistan ready to submit all its oil to Iraqi federal government
Iraqi Kurdistan Region president Nechirvan Barzani, 2020. Photo: Presidency

HEWLÊR-Erbil, Iraqi Kurdistan region,— Presidencies of the Kurdistan Regional Government (KRG), Iraqi Kurdistan Region and Kurdistan Parliament met on Sunday to discuss the federal loan bill passed three days ago by the Council of Representatives without the consent of the Kurdish caucuses.

On Thursday, the federal legislature approved the Fiscal Deficit Financing bill to fill deficits through borrowing 12 trillion Iraqi dinars (some $10 billion) in internal and external loans to finance the salary payments to public servants and other expenditures for the last three months in 2020.

The Kurdish caucuses walked out of the floor debate in protest of the Kurdistan Region’s share from the loans.

During a press conference following the meeting, Iraqi Kurdistan president Nechirvan Barzani said the Region is poised to hand over the whole of its oil to the federal government so that the latter transfers 900 billion Iraqi dinars ($753.87 million) to the Region on a monthly basis.

“The Region is ready to make agreements with the federal government on oil and all the issues,” Barzani said, calling on the United Nations to play its roles in resolving the outstanding issues.

He said that the loan law aims to “punish” the Region’s people and is against “real partnership” among different Iraqi components. “The loan law is the biggest failure to the politician who rules Iraq.”

“The Kurdistan Region cannot borrow loans from the international banks without Baghdad’s acceptance.”

He also refused that the deals on energy between the Region with Turkey and the Russian-based Rosneft Oil Company be “obstaclesR21; for failing to reach an agreement with Baghdad.

According to the legislation, the KRG should commit to hand over an amount of barrels of oil per day (bpd) to the federal government that will be determined by the SOMO in order to receive 320 billion Iraqi dinars to pay its civil servants.

A source within Sunday’s meeting told NRT TV that a delegation chaired by the KRG Deputy Prime Minister Qubad Talabani will head to Baghdad to meet with the federal officials. Also, The Kurdistan Parliament is slated to meet on Tuesday to discuss the federal loan bill in a session with the attendance of the relevant sides from the KRG Council of Ministers.

In April, Baghdad cut off all budget transfers to Erbil after the latter failed to send any oil to the federal government, as it was required to under the 2019 federal budget law. The cut-off caused heavy burden on the cash-strapped KRG to pay its civil servants on time and full over the months.

The two sides reached a temporary agreement in early August where Baghdad would send 320 billion Iraqi dinars, in return for bringing customs procedures at the Region’s international border crossings under federal control.

Iraq faces a serious financial shortfall due decline in oil prices marred by the coronavirus pandemic and endemic mismanagement and corruption the country has faced since the fall of the former Ba’ath regime, as the country almost exclusively counts on oil exports to finance its salary payroll and other expenditures.

Iraq has fallen behind in paying its public sector employees since September.

Copyright © 2020, respective author or news agency, nrttv.com

beernut
16/11/2020
09:52
PXS on the move , probably just another false dawn?
nestoframpers
16/11/2020
08:31
Brent starting the week well. Up $1 since opening.
pensioner2
16/11/2020
07:56
*SOLD BEFORE CHRISTMAS*CLOWN DOGS :)THEIR CONSTANT PRESENCE BIGGEST BUY SIGNAL EVER#CNPC have bought #GKPfor north of 100 quid/share
urals
16/11/2020
07:55
#GKP@Gulf_Keystone can't tell shareholder base DIRECTLY buyer/proxy has built a HUGE stake allowable pre offer under Bermuda M AND A regs.They can make it OBVIOUS by updating shareholder list EVERY 2 weeks !Know other plc that does that ?43% + now in anon hands https://t.co/cJ8TZLBktu
urals
15/11/2020
22:39
basnews

ERBIL - The Fiscal Deficit Law, recently approved by the Iraqi parliament, is against the citizens of Kurdistan Region, and not the political parties, President Nechirvan Barzani argued on Sunday.

Barzani made the remarks during a press conference held on Sunday in the capital Erbil after a meeting of the Kurdistan Region's three presidencies to discuss the approval of the Deficit Law by the Iraqi Council of Representatives three days ago, which obliged the federal government to cut the 320 billion Iraqi dinar budget share for the regional government.

"The Iraqi parties think that they have achieved success today," the Kurdish president said, according to his office. "But I believe that at this time, they have showed their biggest failure in administrating this country."

He "strongly" criticized the Fiscal Deficit Law and argued that: "This law is not against a certain political party, but against the citizens in the Kurdistan Region."

Barzani also reminded that the Kurdistan Regional Government (KRG) has remained committed to its agreement with the federal government, reiterating that "the KRG is firmly willing to deliver its oil to Baghdad as per the agreement."

"The passage of the Fiscal Deficit Law by Iraq’s parliament shows the Iraqi authorities’ failure to address the deep-rooted problems in the country."

nestoframpers
15/11/2020
22:01
MAGA....sell GKP to Exxon.
k4n4k
15/11/2020
21:21
You had better sign up for that then sarahgibbs as your investing choices suck.

Eleven years on and less than 1p.

No sign of the Kozel barrels still. No sign of the hosts billions still.

All about the fantasy barrels.

bigdog5
15/11/2020
21:11
Yes 1waving hope so, MSM news like Sky prenteding that Trump has admitteed defeat is all a game , he will not leave the WH IMO.
nestoframpers
15/11/2020
20:42
There will be more of this.
frenchybannedme
15/11/2020
19:57
Let's hope ADVFN get the data feed from this one....

Erbil Stock Exchange announces its opening near to investors


Economy News - Erbil:

The director of the Erbil Stock Exchange, Sherwan Mustafa, announced that the Erbil Stock Exchange will open in the coming days after removing obstacles, calling for the inclusion of large investment companies on the stock exchange.

Mustafa said, that all circumstances have been removed before the opening of the Erbil Stock Exchange, as during the coming days the stock exchange will open to investors, adding that consulting companies will be present to provide advice to new investors.

Mustafa called for the large investment companies to be listed on the stock exchange because they get great privileges represented by tax exemptions, explaining that there are a number of companies that create excuses for not being listed on the stock exchange.

k4n4k
15/11/2020
17:08
#GKP have 210m shares in issue so each $1bn paid = £3.58 / share.470m 2p reserves ( forget about the huge value of180m 2C, massive gas volume, masses of condensate, + $500m recoverable costs etc ..)Just use a Very prudent $6/ boe = $2.82bn = £10.10/shareSee why so much effort gone into stiffing retail out pre T/O RNS !?
jamiethebroadfraudster
15/11/2020
17:08
#GKP@Gulf_Keystone can't tell shareholder base DIRECTLY buyer/proxy has built a HUGE stake allowable pre offer under Bermuda M AND A regs.They can make it OBVIOUS by updating shareholder list EVERY 2 weeks !Know other plc that does that ?43% + now in anon hands https://t.co/cJ8TZLBktu
jamiethebroadfraudster
15/11/2020
17:08
*SOLD BEFORE CHRISTMAS*CLOWN DOGS :)THEIR CONSTANT PRESENCE BIGGEST BUY SIGNAL EVER#CNPC have bought #GKPfor north of 100 quid/share
jamiethebroadfraudster
15/11/2020
17:07
Even Trump admits he lost to Biden.

Shame that the muppets here can't admit to their losses.

Let's add this to the long long list of things they got wrong.

mcfly02
15/11/2020
16:43
#GKP have 210m shares in issue so each $1bn paid = £3.58 / share.470m 2p reserves ( forget about the huge value of180m 2C, massive gas volume, masses of condensate, + $500m recoverable costs etc ..)Just use a Very prudent $6/ boe = $2.82bn = £10.10/shareSee why so much effort gone into stiffing retail out pre T/O RNS !?
jamiethebroadfraudster
15/11/2020
16:43
#GKP@Gulf_Keystone can't tell shareholder base DIRECTLY buyer/proxy has built a HUGE stake allowable pre offer under Bermuda M AND A regs.They can make it OBVIOUS by updating shareholder list EVERY 2 weeks !Know other plc that does that ?43% + now in anon hands https://t.co/cJ8TZLBktu
jamiethebroadfraudster
15/11/2020
16:42
*SOLD BEFORE CHRISTMAS*CLOWN DOGS :)THEIR CONSTANT PRESENCE BIGGEST BUY SIGNAL EVER#CNPC have bought #GKPfor north of 100 quid/share
jamiethebroadfraudster
15/11/2020
15:58
highlander715 Nov '20 - 13:57 - 615109 of 615112
0 5 0

"GKP have been giving us clues for 2 years. Why do you think the 3 stooges are here ?

LOL.

The company have been providing all the clues since the wipe out back in July 2016. The problem is you thick schmucks chose to dismiss them and desperately cling to the BS from the Kozel days.

But do continue to bask in the knowledge that you clueless clowns are providing so much humour for those of us that really know the score:-)

bigdog5
15/11/2020
15:00
Yap yap yap ..........

LOL

highlander7
15/11/2020
14:59
Has h7 failed to find all his deleted posts on the run up to the wipe out purely because the avatar has changed hands.
bigdog5
15/11/2020
14:56
In the coming weeks it may become apparent that a few of us leave the BS theories and pure lies to Paul, h7 and frenchyhypocrite. Not forgetting all the members of the Penge street gang, their multi aliases and acolytes both past and present.

You're welcome.

bigdog5
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