Gulf Keystone Petroleum Share Discussion Threads

[redbed] 30/12/2024 14:47

You should concentrate on what are facts in the public domain, and why the co would go the trouble and expense of implementing them.Rather than avatar opinions.Resn 10 + 12 were not drawn up just 'for the craic'

[pittcock] 30/12/2024 14:29

Well let's hope you're right but let's be honest your track record isn't great.

[bang_gone] 30/12/2024 14:21

The talks started a long time ago.That's why AGM resn 10 + 12 were agreed many months ago....

[pittcock] 30/12/2024 14:16

Too much emphasis on the export pipe now. The REAL news is the legitimisation of the contracts. Xmas has kind of clouded this. I would expect serious takeover talks once Iraqi appeal of appeal clock expires. A major will just build their own export lines to market. It is no coincidence that the Bigdog account has not posted since the appeal court ruling.

[redbed] 30/12/2024 13:57

Stay bonus paid in January.

[khorsiangchew] 30/12/2024 13:23

If 2025 is the final chapter, it wud be £75 per share based on ECRE 9.215 bb oip n actual RF of 22.7% gives 2.1 BB recoverable oil which at $10 per barrel is $21b or £75/share.
Let the count down begin n tighten your seat belt

[roninja] 30/12/2024 13:09

Will 2025 yield £5 per share is….based on revised fundamentals on current output. A revised CPR would be helpful.

[pittcock] 30/12/2024 12:47

I am sensing we are on the cusp of a big take off ?

[habshan] 30/12/2024 10:36

Hehehe, this made me chuckle.

Today.

Iraqi Parliament Speaker Mahmoud al-Mashhadani:-

"Iran is displeased with the developments in Syria"

[highlander7] 30/12/2024 04:45

Kurdistan Watch@KurdistanWatch: 12h

Muthanna Amin, a member of the Iraqi Parliament, has announced that when Parliament reconvenes after its recess on January 10th, 2025, a key priority will be amending the federal budget law, regarding the KRG oil production cost recovery mechanism.

He elaborated that the federal government has requested amendments to the budget provisions pertaining to the KRG's oil sector, including revised calculations for extraction costs and transportation tariffs. Preliminary agreements have been reached between international oil companies (IOCs) and the KRG, and these terms will be incorporated into the 2025 federal budget.

Regarding the parliamentary timeline, Amin emphasized that the current legislative term concludes next year and cannot be extended under constitutional provisions. He noted that parliamentary elections must be conducted no later than two months prior to the expiration of the current term.

[radfordp] 29/12/2024 21:23

I'm sure someone will recall, but is there a time frame for the independent review (eg 90 days)or are we stuck with the $16 ad infinitum ?


60 days
Iraq’s oil ministry and the Kurdistan Regional Government (KRG) Ministry of Natural Resources (MNR) - to “fairly” estimate the costs within 60 days

[bang_gone] 29/12/2024 18:55

#GKP #gkptakeover "A preliminary agreement has been reached between oil companies and the Kurdistan Regional Government on this issue, and what the regional government presents will be included in the 2025 national budget draft," ? what great timing ????https://x.com/111notout1/status/1873442007777169784?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 29/12/2024 17:04

The CEO is paid his 'Stay bonus' in January.The acquirers will need a done deal for that to be made.The stage managed path to Sale RNS continues, expect announcement imminently.

[mmt1] 29/12/2024 16:47

In regard to receivables.. one of the articles recently mentioned nearly all matters have been practically agreed or words to that effect.

I thought it might be that..

Still a bit of time till the 10th of Jan or whatever it was parliament reconvenes.

[redbed] 29/12/2024 16:40

The CEO is paid his 'Stay bonus' in January.The acquirers will need a done deal for that to be made.The stage managed path to Sale RNS continues, expect announcement imminently.

[pittcock] 29/12/2024 16:23

I've eaten and drank as much as I can.and I've most definitely had enough of family lol.There seems to be no mention of receivables in all of this. This was a main stipulation of Apikur agreeing to resume exports. One can only assume a plan has been tabled.

[mmt1] 29/12/2024 16:10

Shouldn't you lot be drinking or something.. or spending "quality time" with your familes...

We speculate enough in market hours ;)

[redbed] 29/12/2024 15:57

They must also have reached an agreement in principle regards repayment scheme of overdue 150m

[shortsqueezer] 29/12/2024 14:57

Over or below.

[shortsqueezer] 29/12/2024 14:29

As I recall it was 60 days to adjust over or above the 16 dollar level depending upon each IOCs costs. Quite a complex issue. Maybe the new figure does away with that and leaves Akipur to divi it up. I thought the original question was how long does that figure stand for? Is there an adjustment for inflation or lower or higher oil prices in future. I imagine there will be a clause in the contract to cover that.

[pittcock] 29/12/2024 14:16

I thought it was 60 days

[whl2] 29/12/2024 12:40

I'm sure someone will recall, but is there a time frame for the independent review (eg 90 days)or are we stuck with the $16 ad infinitum ?

TIA

[putup] 29/12/2024 12:03

That pretty much doubles FCF from current 9/10 m a month to 20m.
Not that it matters anymore the company is clearly sold.

[beernut1] 29/12/2024 11:52

Wonder if this $20.60 figure has been agreed between icg and apikur to save any company calculating the drilling costs on each field. ( The amount is pretty much middle between $16 and $ 26 wanted by the krg oil companies )
Or maybe even been agreed as a temporary amount to get pumping again.
Gla

“So it's $16 per barrel as previously reported but we now have a $20.60 higher figure which will be put into law and hopefully is paid out when the independent reviews are carried out on the various locations confirming the costs.
Looks like one side has caved in.”