Gulf Keystone Petroleum Share Discussion Threads

[thicktony] 30/7/2020 09:20

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[thicktony] 30/7/2020 09:20

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[thicktony] 30/7/2020 09:20

2 days of no volume :)Then again you would be nuts to sell 1.That ace hedge Voleon needs to buy 2,5000,000Pronto.

[mcfly02] 30/7/2020 09:02

Good Morning 😃

PTI, I did notice that post yesterday over on the LSE but I've just checked and it's been removed 😂

I wonder what was in it that upset someone ???

Is it the fact that they are NOT IN A CLOSED PERIOD ???

Or could it of been that ROBERT WATERHOUSE has been exposed for using the SlurryScot avatar 😂

[max2741] 30/7/2020 08:44

What a sausage ?

[broadford bay] 30/7/2020 08:20

DNO has just released its Q2 Results.

Oslo, 30 July 2020 – DNO ASA, the Norwegian oil and gas operator, today reported stepped up investments across its portfolio on the back of higher production and significantly improved liquidity outlook as the Company recovers from the oil market turmoil that upended the second quarter of 2020.

Operated production in July at the Company’s flagship Tawke license in the Kurdistan region of Iraq is up 15,000 barrels of oil per day (bopd) month-on-month to 115,000 bopd following a well intervention campaign fast tracked in June with the stabilization of oil prices and improved export payment terms. In the North Sea segment, DNO projects receipt of USD 215 million in tax refunds in the second half of the year, including USD 70 million from the recently announced temporary changes to petroleum taxation in Norway.

“The worst of the coronavirus pandemic hit to our business is behind us and DNO is back identifying and capturing opportunities,”; said Bijan Mossavar-Rahmani, DNO’s Executive Chairman. “Still, we are prepared to act quickly, as we did in March, if a strong second wave comes,” he added.

Second quarter Company Working Interest (CWI) production stood at 89,700 barrels of oil equivalent per day (boepd) of which Kurdistan contributed 71,900 bopd and the North Sea 17,800 boepd.

Gross operated Tawke license production averaged 102,000 bopd, including 58,100 bopd from the Tawke field and 43,900 bopd from the Peshkabir field, together down 11 percent from the first quarter as development activity dropped off to preserve cash at a time of historically low and uncertain oil prices.

Second quarter revenues slid to USD 72 million and operating losses climbed to USD 81 million, both driven by weak commodity prices across the portfolio and lower cargo liftings of produced oil in the North Sea.

At the Baeshiqa license in Kurdistan, DNO continued drilling the third exploration well on a second structure (Zartik) some 15 kilometers southeast of the Baeshiqa-2 discovery well. The rig has been released and testing will commence in August in Lower Jurassic and Upper Triassic zones intersected by the well and expected to last three months. Evaluation of the Baeshiqa-2 results is ongoing to determine commerciality.

During the first half of 2020 DNO received a total of USD 224 million in payments from the Kurdistan Regional Government. In addition, the Company received a USD 23 million June entitlement payment after the end of the reporting period. Discussions are ongoing to reach an agreement on acceptable terms and timing of payment of arrears totaling USD 240 million due to DNO for the November 2019-February 2020 entitlements and November 2019-June 2020 override payments. Notwithstanding the interruption of these payments and DNO’s repayment of the remaining USD 138.5 million of the DNO01 bond at maturity on 18 June 2020, the Company exited the first half of 2020 with a strong cash balance of USD 427 million. Net debt at the end of the second quarter stood at USD 537 million, down from USD 559 million at the end of the first quarter.

Last month, DNO commissioned the Peshkabir-to-Tawke gas reinjection project, the first enhanced oil recovery project in Kurdistan, to unlock additional oil volumes at Tawke while significantly reducing gas flaring and CO2 discharges at Peshkabir.

Prompted by the tax changes in Norway, the Company is working with partners to accelerate infill drilling at the Ula, Tambar and Brage producing fields, revisit development options for the Brasse field and actively evaluate the Iris/Hades, Fogelberg and Trym South discoveries.

DNO will remain an active explorer in the North Sea, targeting 4-6 wildcat wells a year.

[urals] 30/7/2020 08:12

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[urals] 30/7/2020 08:12

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[urals] 30/7/2020 08:12

2 days of no volume :)Then again you would be nuts to sell 1.That ace hedge Voleon needs to buy 2,5000,000Pronto.

[highlander7] 30/7/2020 06:55

Slight correction TPI.


"anyway I just noticed there's a cracking post on LSE by Tom247 about our 'expert' old fart. I say its a cracking post as Tom247 appears to have sussed the obsessed old fools MO already 😉"


Yes I noticed Oilcans "nightmare niece" Sarah has yet another avatar over on 3i and now calling herself Tom247. I also noticed that the load of fantasy nonsense she posted was well and truly trashed (again) by my good friend surreyscot .


Incidentally , genuine Industry Insiders call it the "Oil Patch" not the "Slippery" Patch .

Off you go

LOL

[jackpotjack] 29/7/2020 20:25

Why the smile?

[nestoframpers] 29/7/2020 20:08

there has been rioting in Baghdad again.

[nestoframpers] 29/7/2020 20:07

ERBIL (Kurdistan 24) – Prime Minister Masrour Barzani chaired on Wednesday a virtual Kurdistan Regional Government (KRG) cabinet meeting during which he welcomed developments during a recent round of dialogue between the region's leading political parties.

Barzani praised the "positive atmosphere and understanding" that came as a result of the talks, which aim "to eliminate domestic [political] tensions," the prime minister's office said in a statement. He also described the meetings as "an important step" for unity.

Dialogue

The statement comes two days after Barzani held a meeting with the Patriotic Union of Kurdistan (PUK) Co-Chair, Bafel Talabani, to discuss the state of ties between top political parties and their support for the prime minister's cabinet.

hxxps://www.kurdistan24.net/en/news/44db32b4-c476-48d8-a84b-5fe5e8074a4b

[highlander7] 29/7/2020 18:58

and the troll-a-thon continues , ever more frantically.

[broadford bay] 29/7/2020 18:54

Absolutely shocking report in the New York Times entitled:
Inside the Iraqi Kleptocracy

read it if you can: hxxps://www.nytimes.com/2020/07/29/magazine/iraq-corruption.html

Here's a taste:
"...He told me about one deal he had managed, a major construction project in which the government allocated about 40 billion dinars (about $33.6 million).

“In reality I spent only about 10 billion dinars on construction,” he said. Of the rest, most went to paying off government and party officials, along with other expenses. The remainder, about five billion dinars ($4.2 million), was pure profit.

He told me that for the past six or seven years, Iraq’s provincial governors — who have great power over contracts — have been elected almost exclusively through deals with businessmen who pay off the provincial council (which elects the governor) in exchange for a share of the province’s contracts. “Anyone who has money can manipulate these things,” he said. The deals are elaborately constructed, with deputy mayors loyal to different political parties dividing up the expected proceeds from inflated contracts. A single big contract can supply enough kickbacks to cover the bribery costs of getting a governor elected, he said.

Government officials are not just passive recipients of bribes. The members of the provincial council, he told me, “knock on the doors of businessmen and say, How can we help? Do you have someone you want to smear? Is there a conspiracy you want to promote, someone you want to refer to the integrity commission?” These dark arts transcend party loyalty; money is all that counts. “If you want to conspire against the Dawa Party, provincial council members from that party will cooperate with you” if you pay them, he said.

Behind all these deals, he told me, lurk the militias, providing muscle and taking their cut of the cash. “Any businessman, any bank owner without a militant group backing him will not be able to operate,” he said."

[urals] 29/7/2020 18:37

2 days of no volume :)

[highlander7] 29/7/2020 16:42

You always did take yourself too seriously doggie.
Pity no one else does.

LOL

[mcfly02] 29/7/2020 15:26

Hi Jamie 😃

I have a spanner to throw in the works which I've been asked not to discuss on a blog.

I'll come back to you later 😉

[thicktony] 29/7/2020 15:23

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[thicktony] 29/7/2020 15:23

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[bigdog5] 29/7/2020 14:57

The various City jungle drums continue to beat out their rhythms loud and clear:-)

Anyways, five years on from the new broom rocking up and according to the delusional ones here would be the "new beginning" (it was, they presented the great wipeout of 2016) another one rocks up.

Has he joined like the last one "for the asset", LOFL. I doubt that very much based on the fact that the asset is light years from what it was hyped up to be. So could he be on a 5 year mission to boldly go where others just can't be bothered?

All about the non existent barrels, the ever giving trough or something else?

Any sign of the much hyped 55k a day :-)