Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 02/7/2020 12:44

GKP SHAREHOLDERS SET TO GET 10% PREMIUM WITH DNO OFFER

[beernut] 02/7/2020 11:12

Peshmerga Ministry Delegation to Visit Baghdad
Basnews English 2020/07/02 - 12:50 Kurdistan


ERBIL — A senior delegation from Kurdistan Region’s Peshmerga Ministry is visiting Baghdad on Tuesday reportedly in hopes of developing a stronger military coordinations.

An official source told BasNews that Jamal Imniki, the Chief of General Staff of the Peshmerga, will lead the delegation which is expected to meet counterparts at Iraq’s Defense Ministry.

This is the first meeting between Peshmerga and Defense ministries in the one year. The sides previously met on a regular basis to find a joint frame work for security and military cooperation.

However, Peshmerga minister visited twice in the past few months, hoping to bring the sides closer on disputes in Kirkuk and other Kurdish contested areas.

[beernut] 02/7/2020 11:11

PM Barzani Meets with Cabinet to Discuss Implementation of Reform Law
Basnews English 2020/07/02 - 12:21 Kurdistan


ERBIL — Kurdistan Region Prime Minister Masrour Barzani met with his cabinet ministers via videoconference on Wednesday to discuss the implementation of the Reform Law and a range of other issues.

The same day, the Kurdistan Regional Government (KRG) put the Reform Law into effect months after it was passed with a majority vote at the parliament.

During the Wednesday meeting, ministers and other relevant officials briefed the cabinet on the financial mechanisms that they will follow in implementing the Reform Law.

PM Barzani emphasized that reforms remains a demand from a majority of the people, adding that these reforms are designed to create fairness and protect genuine entitlements in the public sector.

He also stressed that reforms should not be limited to pensions, salaries, and allowances, but it should be carried out in other sectors as well.

The cabinet also reviewed the progress in the talks between KRG and the federal government of Iraq on the financial disputes and other differences.

Deputy Prime Minister Qubad Talabani presented a report on recent talks with the federal government, highlighting proposed solutions to outstanding issues.

The cabinet later decided that the delegation should continue the talks with Baghdad until an agreement is reached to protect the constitutional rights of the people of Kurdistan Region.

[highlander7] 02/7/2020 11:01

From LSE

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The Erbil proposed resolution with Baghdad potentially opens the door to the development of the biggest oilfield in Kurdistan. Shaikan. Using the current CPR on a Category 2 basis (2P etc) the Reserves and Resources are given by ERC Equipoise as follows (100% level, million barrels liquid recoverable):

2P oil reserves 622
2C oil resources 239
Technically recoverable oil 150
Prospective oil 65
Condensate 150 (JF figure)
TOTAL 1226

So the ERCE figure is over 1.2 billion barrels recoverable of liquid, varying from very heavy oil through light oil to very light condensate. The Category 3 figure (3P etc) is much higher. Using the current 80% entitlement for GKP, the Category 2 figure for GKP is close to 1 billion barrels recoverable. In addition there is the c. $0.5 billion of net cash plus money owed to GKP going forward.

An onshore oilfield of such size, at shallow to moderate depth, is worth a fortune. MOL have said that such oil has an M&A value of $8 per barrel. With political resolution between Erbil and Baghdad, the value of GKP would be transformed.

[urals] 02/7/2020 10:35

53,668 BUY at 93.14

[urals] 02/7/2020 10:16

It's far far more likely a deal is done pre HCL.As that would be in the interest of the KRG and Buyers, and as we can see dozens of transactions have occurred for almost two decade's without an HCL.

[pensioner2] 02/7/2020 10:02

That's what they're waiting for, NOR, imo. Meantime it's tumbleweed as more shares get transferred (very slowly).

[mcfly02] 02/7/2020 09:50

Just wondering what type of person would take the CEO position ???

Looking at the history and the previous BoD graveyard and some of the qualifications they had, who would take this on ???

How many that have walked this path have gone on to bigger better jobs or has it been a career killer ???

Once informed of the problems public and non public and the issues with the KRG why take the job ???

Sure they could put SH12 on and SH9 and replan SH13 but then what ??? That still has production under 50k ???

Most likely scenario is they demand massive share awards and pay before starting because they know it will probably kill their career.

Or will they massively reset shareholders expectations ???

[nestoframpers] 02/7/2020 09:42

Everything changes here with the HCL , fabled never seen in the wild of course , one day Rodders.

[the patriotic irishman] 02/7/2020 09:28

Bermuda triangle hostile incoming - bang gone sold eh 🧐


sorry not today, sadly not tomorrow and worryingly for the pot washer NOT EVER 🤡

[beernut] 02/7/2020 09:27

The Telegraph

Need to sign in to see.

FTSE rises on new vaccine hopes – live updates

[mcfly02] 02/7/2020 09:21

Good Morning Mr Dog 😃

Are you aware that the company started using oil based drilling fluid from SH 9 onwards.

No excuses !

[thicktony] 02/7/2020 09:21

I think the point being made is it's been pressed down probably since restructuring.Never allowed to come close to a realistic trade sale value.All spikes sold down ,and month after month hedge funds old and new pop up with big Holdings.It's how creeping takeovers work.google that! In this case it's compound ed by being Bermuda registered, and whoever owns the growing AWOL stock of pushing 30% now stays anonymous