Gulf Keystone Petroleum Share Discussion Threads

[chinese_takeaway] 09/5/2019 15:06

More PEEL HUNT Capital Markets Day sets the scene Last week Gulf Keystone hosted a CMD ....Our key TAKEAWAY was the confidence with which the message, "Gulf Keystone is FULLY-FUNDED for the entire development," .... leaving it PATENTLY CLEAR that there is NO ADDITIONAL EXTERNAL CAPITAL REQUIREMENT.

[chinese_takeaway] 09/5/2019 15:04

PEEL HUNT TELLING IT LIKE IT IS:We can think of NO OTHER UK-listed E&P set to deliver such low-risk, fully-funded organic production growth over the next two years that is SIMILARLY AS UNDERVALUED. Gulf Keystone currently STANDS APART FROM ALL OTHERS and is differentiated on the basis of its balance sheet strength, visibility on near-term production growth and significant total return potential.X

[chinese_takeaway] 09/5/2019 15:04

Thanks BEERnutIf something s worth saying once...And all that ;)

[beernut] 09/5/2019 13:23

KRG deputy PM meets with French experts to lay out better governance plan
By Rudaw yesterday at 12:37
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KRG deputy PM meets with French experts to lay out better governance plan
Qubad Talabani (middle right), the deputy PM of the Kurdistan Regional Government, meets with a French delegation in Erbil, Kurdistan Region, on May 7, 2019.


ERBIL, Kurdistan Region – A group of French experts came to the Kurdistan Region on Tuesday to help in budgeting and auditing matters following a meeting between Kurdistan Regional Government (KRG) Deputy Prime Minister Qubad Talabani and a French Finance Ministry delegation in Erbil.

“The French government is expected to send some of its experts to advice the Kurdistan Regional Government (KRG) in budgeting and expense auditing matters in the Kurdistan Region in the next two months,” a statement from the KRG read.


They are also due to “train government employees, help in amending old laws, and developing agriculture and tourism sectors,” the statement added.

The areas the KRG primarily needs help with are “auditing̶1; and the “classic model of budgeting that is complex and cumbersome making it difficult to monitor corruption,” Rewaz Fayeq, the head of finance and economic affairs committee in the KRG parliament, told Rudaw English.

Fayeq stressed the KRG needs a modern model of budgeting that is “more transparent, honest and detailed in order to be able to prevent corruption.”

The KRG Integrity Commission has already started to crack down on corruption cases, but is facing difficulties due to the lack of sufficient prosecutors and laws that provide immunity to some officials involved in corruption. Last year, the Integrity Commission submitted 198 corruption cases to courts, but only 33 of them have been concluded – 16 in Duhok, 15 in Erbil, and two in Sulaimani.

“The problem is the lack of a special court to deal with corruption cases,” Ahmad Anwar, the head of Integrity Commission, said at the time. They have submitted many cases to court and, two years on, hearing dates still have not been set for some of them, he said.

The commission also outlined another problem – the abundance of immunity in the upper echelons of power that is preventing investigations into those accused of corruption. Many syndicates have immunity, meaning their members can appear before a court only if the syndicate gives its permission.

“In many offices, when one of their members is accused of corruption, he should take permission from his boss [to be able to appear before the court]. Some syndicates have fixed this in their laws. And this has created problems because having immunity or having to take permission from your boss prevents investigations,̶1; Anwar addded.

The Integrity Commission has estimated that nearly 298.5 billion dinars ($250 million) is wrapped up in the corruption cases. They have so far recuperated almost 5.4 billion dinars ($4.5 million), mostly in Sulaimani province.

The lawmaker also said the KRG needs to “adjust its old central rules to the free open market in the Kurdistan Region” in order to attract more investors to the Region who often complain of unnecessary bureaucracy.

Fayeq said she couldn’t comment on today’s KRG meeting with the French Finance Ministry’s Department of International Aid, but said the KRG mainly needs training in areas of “auditing, monitoring, budgeting, and planning,” adding it appears France is the country that is prepared to do this at this time.

Talabani was the list leader of the Patriotic Union of Kurdistan’s (PUK) campaign in the Iraqi and Kurdistan Region parliamentary elections last year. Campaigning on an anti-corruption platform, Talabani and the PUK did well — re-establishing itself as the second-largest Kurdistani party.

The deputy PM has spearheaded governmental transparency and reform initiatives in Prime Minister Nechirvan Barzani’s government.

"The decentralization of power has to be the priority of the next government and there should be a strong monitoring on the decentralized powers so as to know how they are managed," Talabani said at a forum in October 2018.

Prior to the elections, Talabani and US officials revealed the Iraqi Governance Performance and Accountability program to help the KRG and Iraq meet the needs of its people through better governance and delivery of services in March 2018.

[beernut] 09/5/2019 13:07

France to open advisory office on financial affairs in Erbil
Kurdistan 24 Kurdistan 24 | 2 كات;ژم®2;ر لەم;ەو¦2;ێش
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France to open advisory office on financial affairs in Erbil
KRG Finance and Economy Minister Rebaz Hamlan meeting with a French delegation on May, 09, 1019. (Photo: KRG)
Kurdistan Reform KRG Finance A+AA-
ERBIL (Kurdistan 24) – The French government has decided to open a coordination center for financial affairs in Erbil, a statement from the Kurdistan Regional Government’s (KRG) Ministry of Finance and Economy confirmed on Wednesday.

The announcement came during a meeting on Wednesday between a delegation of experts from the French ministry of finance, spearheaded by Sylvie Sturel, and KRG finance and economy minister, Rebaz Hamlan.

The French delegation, which has met with several KRG officials, seeks to advise the Kurdish government on financial affairs such as regional budgeting, auditing, expenditure control, and tax reform, the statement said.

To provide further counsel on the mentioned matters, the French government will open a “coordination office” in Erbil “at the soonest,” the statement added.

During the meeting, Hamlan expressed gratitude for France’s historic relations and support for the Kurdish region and relayed some steps the KRG has taken to modernize the financial sector and the economy of the region.

“The ministry, aided by domestic and foreign experts, has worked on systematized and computerized crossings, customs points, and taxation,” the Kurdish minister had told the French delegation, according to the statement.

Hamlan further claimed that to diversify national revenue streams, they had facilitated advances in “trade, manufacturing and tourism sectors.” He also added that the government was engaged in efforts to reduce dependence on cash, which slows transactions between countries.

Editing by Nadia Riva

[beernut] 09/5/2019 13:02

Good Work C_T

Keep ramming it down the trolls throats, one day they’ll fade into insignificance.

[pensioner2] 09/5/2019 11:25

Where's the loser gone with his trolling?

[chinese_takeaway] 09/5/2019 11:08

And of course when they announce sale Those remaining will have their profits hugely concentrate d

[chinese_takeaway] 09/5/2019 11:03

Peel Hunt have made it ABUNDANTLY CLEAR that the company has no extra cash requirements AND is the most undervalued e and p listed in the UK.So the CMD was a capital raising event IMO to use the company s HUGE cash generator to borrow to fund a share BUYBACK.BOOM.THE STOCK WILL ROCKET ?BUFFET "There is only one combination of facts that makes it advisable for a company to repurchase its shares: First, the company has available funds – cash plus sensible borrowing capacity – beyond the near-term needs of the business and second, finds its stock selling in the market below its intrinsic value, conservatively calculated."Buffett has set his "intrinsic value" target at a P/BV of 1.2x. Whitney Tilson of T2 Partners LLC, following Buffett's advice, uses the following rule of thumb: if the stock is trading within 20% of fair value, then the company should use dividends; if it's trading at greater than a 20% discount, buybacks.

[chinese_takeaway] 09/5/2019 10:52

Yield 7.3%

[chinese_takeaway] 09/5/2019 10:52

PEEL HUNT TELLING IT LIKE IT IS:We can think of NO OTHER UK-listed E&P set to deliver such low-risk, fully-funded organic production growth over the next two years that is SIMILARLY AS UNDERVALUED. Gulf Keystone currently STANDS APART FROM ALL OTHERS and is differentiated on the basis of its balance sheet strength, visibility on near-term production growth and significant total return potential.X

[chinese_takeaway] 09/5/2019 10:52

https://twitter.com/Paul47293202/status/1126396364684972032?s=19X

[chinese_takeaway] 09/5/2019 10:51

More PEEL HUNT Capital Markets Day sets the scene Last week Gulf Keystone hosted a CMD ....Our key TAKEAWAY was the confidence with which the message, "Gulf Keystone is FULLY-FUNDED for the entire development," .... leaving it PATENTLY CLEAR that there is NO ADDITIONAL EXTERNAL CAPITAL REQUIREMENT.

[chinese_takeaway] 09/5/2019 10:51

The mugathon continues Follow Black Rock BLOG increasing now at over 11,500,000J p Morgan increasing now over 10,000,000https://www.gulfkeystone.com/investor-centre/shareholder-analysisX63% accounted for 37% AWOL Hargreaves Lansdowne a retail nominees was at 2.75% and tenth Now fallen out completely, as retail mugged out private investors maybe 5/6% left in their and other retail brokers leaving 30% plus in BUYERS or GULFS hands , latter imo to concentrate holders at t/o profits

[mcfly02] 09/5/2019 10:50

Here's another little fact for you.

Some years back the institutions got sick of the MNR pushing the company around hence the BoD changes but did you know that it was Cashti that ordered SM to sack the four new Neds.

What's the make up of the company's BoD got to do with certain individuals within the MNR ?

This is listed on the London stock exchange.

Remember The Times article ?

Ever wondered why we have so many directors leave ?

All documented and minuted.

[chinese_takeaway] 09/5/2019 10:25

Yield 7.4%:)

[chinese_takeaway] 09/5/2019 10:23

More PEEL HUNT Capital Markets Day sets the scene Last week Gulf Keystone hosted a CMD ....Our key TAKEAWAY was the confidence with which the message, "Gulf Keystone is FULLY-FUNDED for the entire development," .... leaving it PATENTLY CLEAR that there is NO ADDITIONAL EXTERNAL CAPITAL REQUIREMENT.

[chinese_takeaway] 09/5/2019 10:23

The mugathon continues Follow Black Rock BLOG increasing now at over 11,500,000J p Morgan increasing now over 10,000,000https://www.gulfkeystone.com/investor-centre/shareholder-analysisX63% accounted for 37% AWOL Hargreaves Lansdowne a retail nominees was at 2.75% and tenth Now fallen out completely, as retail mugged out private investors maybe 5/6% left in their and other retail brokers leaving 30% plus in BUYERS or GULFS hands , latter imo to concentrate holders at t/o profits

[chinese_takeaway] 09/5/2019 10:23

https://twitter.com/Paul47293202/status/1126396364684972032?s=19X

[chinese_takeaway] 09/5/2019 10:23

PEEL HUNT TELLING IT LIKE IT IS:We can think of NO OTHER UK-listed E&P set to deliver such low-risk, fully-funded organic production growth over the next two years that is SIMILARLY AS UNDERVALUED. Gulf Keystone currently STANDS APART FROM ALL OTHERS and is differentiated on the basis of its balance sheet strength, visibility on near-term production growth and significant total return potential.X

[mcfly02] 09/5/2019 10:22

Good Morning 😃

They branded me a troll but people on the LSE are now coming to the same realisation that I came to years ago.

So ask yourself who mislead who ?

[chinese_takeaway] 09/5/2019 10:08

PEEL HUNT TELLING IT LIKE IT IS:We can think of NO OTHER UK-listed E&P set to deliver such low-risk, fully-funded organic production growth over the next two years that is SIMILARLY AS UNDERVALUED. Gulf Keystone currently STANDS APART FROM ALL OTHERS and is differentiated on the basis of its balance sheet strength, visibility on near-term production growth and significant total return potential.

[chinese_takeaway] 09/5/2019 10:08

https://twitter.com/Paul47293202/status/1126396364684972032?s=19X

[chinese_takeaway] 09/5/2019 10:08

The mugathon continues Follow Black Rock BLOG increasing now at over 11,500,000J p Morgan increasing now over 10,000,000https://www.gulfkeystone.com/investor-centre/shareholder-analysisX63% accounted for 37% AWOL Hargreaves Lansdowne a retail nominees was at 2.75% and tenth Now fallen out completely, as retail mugged out private investors maybe 5/6% left in their and other retail brokers leaving 30% plus in BUYERS or GULFS hands , latter imo to concentrate holders at t/o profitsx

[tess_tickle] 09/5/2019 09:59

JUST OPENED A BOTTLE OF


CHATEAU DEUXLIVRES