Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 16/3/2016 12:50

Roper, we are operators at both Shaikan and SA so a FI uses their money and not their expertise.

Genel have the ability to issue shares and have funds. Mol the same. A debt for equity swap would likely wipe out most of what shareholders have now. A FI with the two mentioned maintains operatorship.

[zorsupas] 16/3/2016 12:48

NoR, and everyone else who is having trouble with this,

IT'S NOT UP TO THE SHIAS OR SUNNIS OR KURDS ANY MORE.

The IMF is a bank, to which the whole of Iraq has gone, cap-in-hand.

The bank is calling the shots, and will be calling the shots for the foreseeable future.

Hatred is not an emotion a beggar can afford.

[zorsupas] 16/3/2016 12:45

Bigdog5, who says a FI will guarantee anything? SOMO could take over and Iraq could decide to go along with some OPEC production cut, and make that cut in the KRI.

The fact is that there is hard evidence that the ICG/KRG are no longer calling the shots. There is ZERO evidence for a FI. That's just you hoping. I thought you'd have known better than that by now.

[baxtea1] 16/3/2016 12:38

Meanwhile back in the real world.

SP sits at 12p

[baxtea1] 16/3/2016 12:38

Looks like Zor has exceeded his daily dosage of boring pills today.

[nestoframpers] 16/3/2016 12:34

We need a technocrat government in the UK imo .

Oliver666's point -

The IMF are not going to be able to overcome that ancient hatred being put into policy - the US never could .

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This is a stumbling block too I feel .Can't see how it will pan out in practice. It seems that Kurds have been moving Arabs on in certain areas under the guise of clearing ISIL.

[bigdog5] 16/3/2016 12:24

Roper, there's a lot of sense for a FI (from anyone) especially from Mol or even Genel if they are confident that the IMF arrangements will hold. Mol have money/equipment and have said they are still commited to Kurdistan. Genel have just "lost" a large proportion of their assets in Kurdistan and know we have a load plus they have a decent balance sheet and have the Turkish connection.

We don't know any of the facts on Akri/BB yet so I don't believe we should assume that they are for sale just yet.

Shareholders should fully recognize our position and understand that this will only be a salvage job rather than getting decent rewards now.

Posters too easily and wrongly blame JF but its the MNR that are the problem.

Zors so you've said many times. Do excuse me for believing its not going to be different this time until we actually see a lot of money hitting our accounts on a monthly basis. I don't hold out much hope for large amounts therefore a FI is vital as otherwise GKP could just plod along for years.

Roverite, Barzani plays the Independence card all the time but there is little support for it. Could alter if the Republicans get in. Unfortunately the decisions made by the KRG have resulted in our current parlous position.

[zorsupas] 16/3/2016 12:22

And we're not even privy to the REAL IMF demands, which will eventually take shape in the privatisation of ALL energy, and the cutting out of ALL populism and most social programmes.

You'll get your money, but millions of Iraqis (including Kurds) are going to suffer for it.

As usual. As always.

[zorsupas] 16/3/2016 12:19

Whose idea do you suppose it was to have "technocrats" in the Iraqi cabinet? al-Abadi's? al-Sadr's?

Funny that they were a million miles from that before the IMF Self-Monitored Program became a reality.

[zorsupas] 16/3/2016 12:17

No, you miss the point. It's a done deal, as I've been pointing out these last two months. M Knights is merely announcing that it's going to happen (because he works for an entity that would know that).

"The IMF can not tell the Iraq government how it spends money, it can suggest"

Don't be silly. Of course it can and of course it will. The IMF is now running Iraq. Hence, al-Sadr calling for technocrat government and other weird goings-on.

It just SAYS that it "suggests", in order for the plebs to be able to suspend disbelief regarding their actually having a sovereign country any more.

The budget share for oil agreement will have to be a done deal and announced as such before Iraq gets penny one.

[oliver666] 16/3/2016 12:07

You still miss the Point. You are quoting a person who works for a Think Tank, he does not work for the US GOV, or the IMF and attempts to drive an agenda one. Look at the Atlantic Council another think Tank, or worse look at Chatam House which takes huge donations for Kingodm Of Saudi Arabia to attempt to shape it authors articles. Did you even know that Chatam House funds Conservative MP trips to Iraq Kurdistan. Whos money goes to Chatam house ?

Anyone can quoet for past IMF events and wording on Iraq, like how they were actually looking to Help IRAQ last August, that means IRAQ , and all its regions not telling Iraq how it spends money.. Kurdistan cant get a loan from the IMF can it Zorp..Kurdistan could not raise bonds in London or New York for under 15%.

If M Knights was a US GOV spokesperson or a IMF spokesperson would he be working for a think tank institute in Washington calling it self near east.

Iraqi's get fed up with paid policy suggesters which are funded by Lobbysists who contribute to the Washington near EAST policy insitute, it may as well be called the Bognor Regise Near Policy Institute as it does not reflect the views of the US GOV OR the IMF.

The gap between BaghadaD and Arbil , the IMF can not tell the Iraq government how it spends money, it can suggest , that is all it can do.. When the UK took money of the IMF did it tell the UK it must send part of the money to Bognor or it must send part of the money to Yorkshire?

JF as to work the best he can, but would it be funny if the IMF said Kurdistan need money but we have a problem with the KRG MNR Minister and the KRG Finance Minsiter. Who is the Foriegn Office Minister for Iraq?

As this man done a good job Hoshyar Zebari ?

Maybe you could start rasing question of the positions held by ministers.




Does the UK owe the IMF any money?

[mr roper] 16/3/2016 11:58

"JF is a nobody in this. He has no power to do anything."

that sums it up in a nutshell, Zor.

[roverite12] 16/3/2016 11:50

If Barzani is going to capitulate to the ICG with the IMF overseeing the unconditional surrender , why has he been talking increasingly about a referendum - even putting a deadline by which it will take place ? There can be no independence ever if oil goes through SOMO - that must be obvious to every Kurd .

Also , if the worlds greatest military , economic and political superpower couldn't hold Iraq together and control their leaders in years past then what chance has the IMF for god's sake , with a cowering Obama watching through his fingers ?

If the IMF are going to come to our (GKP) rescue , it must be after UDI . If it is before then it will be a very short term fix only . It's unbelievable that people are willing to trust he Iraq government yet again after all we have been through . Yes (Bigdog) the KRG are corrupt but I'd rather they live or die through their own decisions than by the dictats of a central govt that has proved time and time again that they wish nothing other than to oppress and enslave the Kurds . The IMF are not going to be able to overcome that ancient hatred being put into policy - the US never could .

[zorsupas] 16/3/2016 11:33

Bigdog5: "Roper, confident the IMF can get money to the Producers on a monthly basis who are going to be well down the KRG's priority list who we should all realise have a talent for misplacing money?"

None of it is up to the KRG. The IMF dictates where the money goes, and it has dictated that payment of arrears is a priority.

"JF has to and will arrange for something (Hawrami permitting of course) that will stick imo as there's no way the MNR can be trusted."

JF is a nobody in this. He has no power to do anything.

[zorsupas] 16/3/2016 11:29

When, NoR, not if.

Today is the deadline for the political blocs in parliament and "influential social figures" to nominate technocrats as candidates for ministerial positions in the new cabinet.

[mr roper] 16/3/2016 11:25

Bd, look at it another way, why would anyone farm in at the moment. Stick up 200m/500m and what do you get in return? No guarantee you'll get paid on time, a dodgy host govt etc etc...

Genel hand back BB, MOL hand back AB...and no one snapping those up for a penny or two?

IMF is the best option (only option). GKP are on the verge. Any attempt to recapitalize will be a massive discount and will stiff shareholders.

JF's tenure so far looks to be one of failure. He needs a big rabbit from a small hat tomorrow. I hope he does it as he seems a nice guy.

[bigdog5] 16/3/2016 11:20

Roper, confident the IMF can get money to the Producers on a monthly basis who are going to be well down the KRG's priority list who we should all realise have a talent for misplacing money?

JF has to and will arrange for something (Hawrami permitting of course) that will stick imo as there's no way the MNR can be trusted.

[mr roper] 16/3/2016 11:06

Michael Knights..wonder how KITT is?

[nestoframpers] 16/3/2016 10:56

Looks like Zor has been right all along , well done to him if it turns out to actually happen .

[zorsupas] 16/3/2016 10:25

oliver666, what OTHER Washington Institute?

Meanwhile...

BIOGRAPHY

Michael Knights is a Lafer fellow at The Washington Institute, specializing in the military and security affairs of Iraq, Iran, Yemen, and the Gulf Arab states.

Dr. Knights has traveled extensively in Iraq and the Gulf states, published widely on security issues for major media outlets such as Jane's IHS, and regularly briefs U.S. government policymakers and U.S. military officers on regional security affairs. Dr. Knights worked as the head of analysis and assessments for a range of security and oil companies, directing information collection teams in Iraq, Libya, and Yemen. He has worked extensively with local military and security agencies in Iraq, the Gulf states, and Yemen.

Dr. Knights has undertaken extensive research on lessons learned from U.S. military operations in the Gulf during and since 1990. He earned his doctorate at the Department of War Studies, King's College London, and has worked as a defense journalist for the Gulf States Newsletter and Jane's Intelligence Review.
hxxp://www.washingtoninstitute.org/experts/view/knights-michael

[zorsupas] 16/3/2016 10:24

DesertDing, hold out your boots. Prepare to receive the bounty.