Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 29/6/2026 14:27:23

When in doubt form another Committee!! But a high level one this time so that's real serious innit!! More expensive biscuits? So good of Baghdad to invite Erbil innit, lol. Well you don't want barrels going missing do you:-)

So deduct the barrels for inward consumption and they could be exporting sometime in the future 300k a day? Wow, how Europe needs that amount when we have morons that favour windmills instead of opening the box of gold in the North Sea!! How much sludge could be in the mix? Enough for the rampers predicted quarterly divis, lol, lol.

Straits open and safe are they or still dire while you gullible suckers keep conning yourselves that all is just great? Money for nothing and Queen lemming sarah's BS is free:-)

Don't know what the Worsley reference means cross dressing sarahgibbs.

Post up the Samimack report sarahgibbs just for a laugh and let all the gullible suckers here see how the last great frontier has performed, lol. Jewel in the Crown, Country maker, loads of Shards lol, lol, lol.

SP 1.7p after 17 years you've all done such a great job innit:-)

[theythinkitsallover] 29/6/2026 13:43:50

A new analysis reveals how US Envoy Tom Barrack is using control over Iraq's oil revenues at the Federal Reserve Bank of New York as financial leverage to dismantle Iran-backed militia networks.

➡️ In April 2026, Washington blocked a $500 million cash flight to Baghdad to demonstrate its reach.

➡️ The strategy has already triggered militia disarmament announcements from several factions, while Kata'ib Hezbollah and Harakat Hezbollah al-Nujaba have refused to comply.

[putup] 29/6/2026 12:12:59

When the shut in started GKP would have had oil in store at Ceyhan.
They had a lifting earlier this month.
It’s only possible to start volume production if storage capacity down the line is released hence that recent lift.

[habshan] 29/6/2026 11:32:49

"Perhaps they need to satisfy local demand first to get things moving and then exports are next?"

For the last 4 months companies that didn't stop producing satisfied local demand with 50k bpd being allocated for that purpose.

I'd say that what GKP and the other Apikur members are now producing is going into storage pending the restart of sustainable export sales. When the war started and production was shut in the oil that was in the storage tanks on site, at Fishkhabour and Ceyhan will have been sold.

Exports from Kirkuk only started in March when Kurdish production stopped, so a restart of Kurdish production will double the volume going through the system and if it's all being marketed as Kirkuk blend then that will pose logistical challenges as blending will need to be carried out, it'll be complicated. The tanks at Fishkhabour and Ceyhan may already be full of Kirkuk oil.

The storage tanks at Ceyhan hold in the region of 10 million barrels so it'll be a while before the first Kurdish oil gets exported. Just to fill one tanker will need up to a million barrels.

Anyway let's see what happens, there's a lot we don't know, the main thing is that we're producing and that means we're earning.

AI - "Gulf Keystone Petroleum (GKP) has recently resumed operations at its Shaikan field in the Kurdistan Region of Iraq, bringing its facilities back online in late June 2026. However, the company is in a phased restart following a regional shut-in and is currently focused on ramping up volumes toward sustainable export sales at international prices.

GKP officially restarted production in late June 2026. The company is now actively working with the Kurdistan Ministry of Natural Resources and the Federal Government of Iraq to resume international export sales."

[apd45] 29/6/2026 11:25:51

Reports of GKP's restart of production is mostly termed as 'local operations'.

If this is trucking for local consumption as before, at least GKP is paid in advance for this oil. And probably more than the 28-30 $/bbl previously received.
And as share holders we did alright at that level.

We want to see a return to international prices, pipe line exports and full PSC entitlement, but local sales will do for now.

[putup] 29/6/2026 10:18:39

55,897 buy just gone through

[lonely hermit] 29/6/2026 09:49:19

I cannot help thinking the 47 are a rope a dope tactic.

Convictions that do not get overturned is the real litmus test.

[ptmorris1] 29/6/2026 09:41:07

Better price for local sales?

[hangthedj] 29/6/2026 09:35:38

Wonder why nobody is exporting through ceyhan yet….

-------------
Maybe complicated by the fact Kirkuk crude is using pipeline for exports at the moment.

[roninja] 29/6/2026 09:14:50

Perhaps they need to satisfy local demand first to get things moving and then exports are next?

[theythinkitsallover] 29/6/2026 09:07:04

“By bringing 170,000 bpd back to the surface, operators and regional authorities are generating vital activity for local refineries and domestic consumption.”

Wonder why nobody is exporting through ceyhan yet….

[habshan] 29/6/2026 09:00:11

Just an initial short term target hang.

Basnews yesterday - "With operations gradually resuming, the companies are expected to collectively produce around 170,000 barrels of oil per day by the end of this week."



Edit - 25k buy just gone through.

[hangthedj] 29/6/2026 08:47:54

Anyone else think it's strange that KRG were widely reporting export production figures of 450kbpd prior to the pipeline closure in 2023 but since then 170kbpd is often mentioned.
Obviously slight decline expected due to lack of investment but those figure don't add up to me unless I'm missing something?

[beernut1] 29/6/2026 06:40:00

HKN Energy Resumes Operations at Atrush Oil Field as Kurdistan Output Nears 170,000 BPD
HKN Energy has officially resumed oil production at the Atrush field, marking a significant milestone in the recovery of the Kurdistan Region's energy sector.

17 hours ago
Kurdistan flag is seen at an oil field in Kurdistan Region. (Photo: Archive)Kurdistan flag is seen at an oil field in Kurdistan Region. (Photo: Archive)
Kurdistan
Kurdistan Region oil and gas sector
HKN Energy
ERBIL (Kurdistan24) - HKN Energy has formally restored extraction operations at the Atrush oil field, signaling a critical turning point in the gradual resurgence of the Kurdistan Region's upstream energy sector. The weekend restart is the latest milestone in a coordinated, phased return of international oil companies across northern Iraq, breathing new life into an industry that has weathered profound disruptions over the past year.
Once this industry-wide reactivation concludes later this week, regional output is projected to achieve a combined capacity of 170,000 barrels per day (bpd).
For a sector that had been severely constrained, this collective return represents a vital restoration of operational momentum and a significant boost to investor confidence.
According to investigation by Kurdistan24, the Atrush restart on Sunday, June 28, places HKN alongside a growing cohort of foreign operators systematically bringing their dormant wells and processing facilities back online.
The recovery of the region's petroleum infrastructure is unfolding in carefully staggered phases rather than a singular sweep.
DNO, the Norwegian energy operator managing the highly productive Tawke and Peshkabir concessions, has already initiated its extraction processes.
Gulf Keystone Petroleum has similarly resumed its local operations.
Meanwhile, United States-based Hunt Oil is scheduled to reactivate its regional infrastructure on July 8. Other international firms are preparing to follow suit under a phased return plan negotiated with regional stakeholders.
As these corporate timelines converge, eight major production zones will soon be fully active.
This expanding operational web includes the sprawling Khurmala dome, Shaikan, Sarsang, Erbil, and the Bijell-Harir fields, sitting alongside Atrush, Tawke, and Peshkabir.
The activation of these specific blocks transforms the landscape of Kurdistan's energy market, pivoting companies away from suspended animation toward functional domestic delivery.
Before this recent wave of restarts, eight of the eleven foreign oil companies operating within the Kurdistan Region had suspended their activities entirely.
This deep industry freeze followed the abrupt and complete halt of regional crude exports in May 2023.
The prolonged pipeline closure effectively severed the region from global energy markets, sending shockwaves through corporate boardrooms and shuttering multi-million-dollar extraction sites almost overnight.
The financial toll of the export suspension has been undeniably devastating, inflicting billions of dollars in cumulative losses upon both the Kurdistan Regional Government and the broader Iraqi federal economy.
While the complex geopolitical and legal impasses preventing the resumption of international pipeline exports remain unresolved, the revival of domestic production serves as an essential economic shock absorber.
By bringing 170,000 bpd back to the surface, operators and regional authorities are generating vital activity for local refineries and domestic consumption.
This pragmatic pivot aims to stimulate the regional economy, sustain critical upstream infrastructure, and partially mitigate the staggering financial damages incurred over the past thirteen months.
Ultimately, the steady hum of machinery returning to the Atrush field underscores an industry determined to adapt.
As the final slated operators prepare to bring their facilities back to life in the coming days, the Kurdistan Region's energy sector is demonstrating a resilient capacity to maintain its upstream viability, carefully navigating current export limitations while positioning itself for long-term stability.

[beernut1] 29/6/2026 06:38:50

😎🤞

Iraq, Chevron discuss prospects for joint cooperation in oil, energy sectors
Yesterday, 13:46

Iraq, Chevron discuss prospects for joint cooperation in oil, energy sectors


A

Baghdad-INA

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Deputy Oil Minister for Extraction Affairs Nasir Aziz and Chevron Vice President for Energy Joe Cook discussed on Sunday prospects for joint cooperation between the Oil Ministry and Chevron Corporation, in line with the government’s development objectives.

The office of the Deputy Oil Minister for Extraction Affairs stated in a statement, received by the Iraq News Agency (INA) that Aziz received Cook and his accompanying delegation.

The statement said the meeting reviewed opportunities for cooperation between the two sides, including investment prospects and project implementation in the oil and energy sectors, in line with the government’s development priorities.

The statement further stated that the discussions also focused on supporting the development of the oil industry and maximizing revenues from oil production.

[beernut1] 29/6/2026 05:32:19

This new pm is the best we’ve had towards the Krg.
Morning Habshan as you say all coming together nicely.

Gla for a better week share price wise.

[highlander7] 29/6/2026 05:30:57

Indeed Habshan , Maliki and company are the primary reason most of us are not rich and GKP was never sold. The reason he is still walking around a free man is that he bought most of them off and knows where the bodies are buried. I imagine he will be off soon enough. Hopefully.

[beernut1] 29/6/2026 05:27:32

Similar

Erbil and Baghdad Form Joint Team for Turkey Oil Talks28 Jun 2026 20:32
Iraq has formed a high-level joint committee with the Kurdistan Regional Government (KRG) to negotiate a new oil export agreement with Turkey, marking a rare instance of direct cooperation between Baghdad and Erbil on one of their most contentious issues.

The committee includes representatives from the KRG alongside officials from Iraq’s Oil, Foreign Affairs and Finance ministries and will lead negotiations with Turkish authorities on a new agreement to replace the existing crude oil export deal, Iraqi Oil Ministry spokesperson Salim al-Rikabi told Baghdad al-Youm on Sunday.

"The Iraqi government has formed a high-level committee that includes representatives from the Kurdistan Regional Government. This committee is tasked with managing negotiations with the Turkish side to draft a new crude oil export agreement that will replace the previous one,” al-Rikabi said.

He said the committee brings together all relevant parties to ensure a common understanding that guarantees the continued flow of crude through the Iraq-Turkey pipeline while preserving the stability of Iraqi oil exports to international markets.

Al-Rikabi said negotiations have become increasingly urgent as the current agreement approaches expiration, adding that the joint representation from Baghdad and Erbil is expected to facilitate solutions that will sustain and increase export volumes. Iraq aims to raise crude exports through Turkey’s Mediterranean port of Ceyhan to between 350,000 and 400,000 barrels per day under the new arrangement.

hxxps://www.basnews.com/en/babat/914997

[theythinkitsallover] 29/6/2026 00:55:41

The New Region

3h
Iraq's oil ministry undersecretary for extraction affairs, Nasir Aziz, met on Sunday with Chevron Vice President Joe Cook and his accompanying delegation to discuss cooperation between Baghdad and the US energy company - Statement

The two sides reviewed "investment opportunities and project implementation in the oil and energy sectors" in line with the government's development goals and efforts to "develop the oil industry and maximize returns from oil production," the oil ministry said

[habshan] 28/6/2026 20:22:32

17th June - "Iraq has established a high-level committee to prepare a new draft agreement on the Kirkuk-Ceyhan oil pipeline as the current deal expires in July."

22nd June - "Iraqi Prime Minister Ali Faleh Al-Zaidi held a phone call today with Turkish President Erdogan, with talks covering bilateral ties, oil exports via the Kirkuk-Ceyhan pipeline, and joint efforts to develop mechanisms for shipping Iraqi crude to European markets."

28th June - "Erbil and Baghdad Form Joint Team for Turkey Oil Talks."

Erdogan will have told him, "We aren't negotiating without the Kurds".

April 2024 - "While Iraq has been preparing to resume oil exports from Kirkuk to Turkey, Erdogan likely prefers resuming exports through the KRG's pipeline. Critics claim the agreement's political dimension is to maintain the KDP's power and continue its leaders' rule in the Kurdistan Region with Ankara's support."

All coming together nicely.

[nestoframpers] 28/6/2026 20:21:38

The markets intent on receiving oil from the Ceyhan IPL want to see something solid and reliable. That should be doerable . What I see as a threat is the unresolved Iran problem. Better than it was but not out the woods yet .

[bertrambee1] 28/6/2026 19:37:20

His son lived in London, along with many other corrupt family members.. driving his Ferrari around collecting parking tickets that never got paid

[beernut1] 28/6/2026 19:04:10

Maliki son taking billions across border. Lock em up.

[habshan] 28/6/2026 19:02:00

Big news, nice to see it confirmed.

"All going well with the Turks for the pipe? Erbil not even involved in discussions!!!"

Try this Sarah, I've told you before there CAN BE NO new ITP agreement without the agreement approval and involvement of the Kurds. Baghdad CANNOT use the ITP without the approval of the Kurds.

It can ONLY be a three way agreement, and Zaidi knows that, as does Erdogan.

Today.

Basnews - "Erbil and Baghdad Form Joint Team for Turkey Oil Talks.

ERBIL — Iraq has formed a high-level joint committee with the Kurdistan Regional Government (KRG) to negotiate a new oil export agreement with Turkey.

The committee includes representatives from the KRG alongside officials from Iraq’s Oil, Foreign Affairs and Finance ministries and will lead negotiations with Turkish authorities on a new agreement to replace the existing crude oil export deal, Iraqi Oil Ministry spokesperson Salim al-Rikabi told Baghdad al-Youm on Sunday.

"The Iraqi government has formed a high-level committee that includes representatives from the Kurdistan Regional Government. This committee is tasked with managing negotiations with the Turkish side to draft a new crude oil export agreement that will replace the previous one,” al-Rikabi said.

Al-Rikabi said negotiations have become increasingly urgent as the current agreement approaches expiration, adding that the joint representation from Baghdad and Erbil is expected to facilitate solutions that will sustain and increase export volumes. Iraq aims to raise crude exports through Turkey’s Mediterranean port of Ceyhan to between 350,000 and 400,000 barrels per day under the new arrangement.

A new agreement with Turkey is seen as a crucial step toward restoring exports through the strategic Ceyhan route, strengthening cooperation between Baghdad and Erbil, and providing greater certainty to international oil markets and foreign energy companies operating in the Kurdistan Region."

[bertrambee1] 28/6/2026 18:49:18

It was when al-Maliki was president one of his side kicks, I forget his name, got over a billion dollars to set up a company supplying electricity to the Iraqi people.. the company never existed