Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 23/2/2021 14:33

Traders look busy on this thread today

[toddkozel] 23/2/2021 14:19

3 of the top 5 holders have added nearly 3,000,000 more this monthHTTPS://twitter.com/Paul47293202/status/1364217832733614085?s=19

[habshan] 23/2/2021 14:12

Bigdog - "habSCUM, and highlander7 don't reckon the hosts have any percentage of the licence. Handed it to the company for free as they no longer believe its worth much?"

The hosts never had an interest in the license Sarah, if you weren't totally clueless you'd know that and wouldn't keep banging on about something you clearly know nothing about.

The PSC was signed in November 2007:-

"Gulf Keystone is delighted to have concluded the Shaikan PSC with the Kurdistan Regional Government and its partners MOL and Texas Keystone. The interests under the PSC are GKPL 75%, Kalegran (MOL) 20% and Texas Keystone 5%."

The Texas Keystone 5% was taken over by GKP years ago.

So GKP have 80% and MOL have 20%.



It's just incredible that after 14 years you still don't even know the basics like who the partners are in the PSC.

What on earth makes you think you can contribute anything to the board when you can't even work out something as fundamental as that.

You really are a bonehead aren't you Sarah.

[bigdog5] 23/2/2021 14:04

Poor old highlander7 has been telling you clowns to be patient for 10 years.

Patient for mid 40's production, an oil agreement, and a penny share.

You know the poor schmuck needs £20ps share to breakeven because like johnyboy he was filling his boots all the way up to the original £4.

No sign of Paul's imminent takeaway or even a tiny percentage of the Kozel BS barrels. What about starting up production for the march to the fabled 55k a day. Wasn't fast cheap and easy as predicted by the "experts" was it. But then again there were those of us that new it wouldn't be:-)

[bravedog] 23/2/2021 13:56

@Beernut

Geir Arne Skau, HR Director, has on 18 February 2021 bought 15,000 shares in DNO ASA

That’s just 15,000 $ ! Peanuts.

[bigdog5] 23/2/2021 13:53

habSCUM, and highlander7 don't reckon the hosts have any percentage of the licence. Handed it to the company for free as they no longer believe its worth much?

So what they're saying is the company didn't bother to announce it as they've realised its not worth much now that they can't find any of the BS Kozel barrels after 11 years? If that wasn't bad enough they were then forced to announce a downgrade to reserves.

How's the biscuit fest doing?

[sbb1x] 23/2/2021 13:29

Gkp is tge most undervalued oil company listed in London imo.The haters (traders) what live on this board like to scare new investors out

[bigdog5] 23/2/2021 13:22

I hope you can see that the company were forced to put out a downgrade.

[sbb1x] 23/2/2021 12:35

Higher high my lions 175s176s177s

[gkphero] 23/2/2021 12:24

Big boots are being filled with GKP.

[pensioner2] 23/2/2021 12:10

The mid-day auction is showing the direction of travel imo.

[steephill cove] 23/2/2021 11:15

Here we go....onwards & upwards ;-)

[pensioner2] 23/2/2021 11:09

Pound close to breaking E1.16 and $1.41.

[beernut] 23/2/2021 10:32

Dno international director bought shares in dno 4 days ago. Maybe knows budget talks are close to finalising.

Mandatory Notification of Trade
Geir Arne Skau, HR Director, has on 18 February 2021 bought 15,000 shares in DNO ASA, at an average price of NOK 7.87 per share. Following the transaction, he holds 25,750 shares in DNO ASA.
–
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

[beernut] 23/2/2021 10:19

Malawi’s clowns causing the budget problems

Shiite politicians criticize Kurdistan article in budget bill, without providing alternative: Kurdish MP
22 hours ago
Dilan Sirwan
MP Jamal Kochar speaking to Rudaw on Monday. Photo: Rudaw
ERBIL, Kurdistan Region — A member of Iraqi parliament’s finance committee is criticizing several Shiite parties for pushing against an article in the 2021 budget bill detailing the terms under which the Kurdistan Region will receive its share of the federal budget, without officially presenting a substitute article.

“There is opposition from different Shiite parties in regards to the Kurdistan Region’s share of the federal budget, however no one has officially suggested an alternative to that section in the budget bill,” Jamal Kochar, a member of the Iraqi parliament’s finance committee told Rudaw’s Mohammed Sheikh Fatih on Monday. “So far it is all talks.”

Budget disputes have been a source of long-standing tension between Erbil and Baghdad. A Kurdistan Regional Government (KRG) delegation, led by Deputy Prime Minister of the Kurdistan Region Qubad Talabani, has visited Baghdad multiple times to come to a deal on the 2021 federal budget, upon which the KRG is dependent on for its funds.

Iraqi lawmakers have criticized the Kurdistan Region’s independent oil sales, with many wanting the federal government to have exclusive control.

Last month, more than 100 Iraqi MPs signed a letter asking that the 2021 budget bill oblige the Kurdistan Region to hand over all its oil to the State Organization for Marketing of Oil (SOMO) in exchange for federal funds.

“At first, all Shiite parties were opposing the Kurdistan Region receiving its share and asked the KRG to hand over all its oil, however, now only Nouri al-Maliki’s factions and a few other Shiite parties are insisting on this,” Kochar told Rudaw English on Monday. “While there could be a majority without these factions, passing the bill would cause instability without their collaboration.”;

Kochar outlined three possible outcomes of the talks between Erbil and Baghdad: one would be Kurdistan Regional Government (KRG) sending 250,000 barrels of oil to Baghdad, the second would be the KRG handing over the revenue of 250,000 barrels to Baghdad at the price set by the State Organization for Marketing of Oil (SOMO), and lastly the KRG keep the oil needed for expenses related to the production of oil, as well as domestic consumption, and send whatever is left to Baghdad.

“It is in the KRG’s benefit to send 250,000 barrels of oil rather than the revenue, given that the KRG will have to add more money in the case they send revenue,” Kochar said, pointing out that either of the first two options would serve Iraq equally, since they would either way be selling the oil at the SOMO price.

The KRG has operated an independent oil and gas sector since 2006 and later began exporting its oil to the international market via a pipeline through Turkey in 2013.

Years of tensions over the independent oil sales came to a head in 2014 when then-Prime Minister Maliki suspended the sending of the Kurdistan Region’s share of the federal budget – leaving hundreds of thousands of public sector employees with unpaid salaries.

“A lot of money has gone to companies, a lot of money went to Turkey, and oil was sold cheap, so Kurds have not benefited economically from the selling oil as much as they intended,” Mahmood Othman, a former member of Iraqi parliament, told Rudaw’s Sangar Abdulrahman late January.

Kochar said another complication in the oil for budget dispute is an arbitration case filed against Turkey by Iraq at the International Chamber of Commerce back in 2014. Baghdad asked for $26 billion in compensation from Turkey for facilitating the Kurdistan Region's sale of oil without Iraq’s authorization.

[beernut] 23/2/2021 10:07

Any response will be done in coordination with our Iraqi partners, US spokesperson
World
iran
2021-02-23 06:19
A- A A+
Shafaq News/ US Department of State spokesperson Ned Price expressed outrage of Erbil attack.
In news briefing, Price said “We’ve seen the reports of the rocket fire ... We are outraged by the recent attacks. And the attack in Erbil, of course, harmed civilians and coalition forces, including an American service member. As you (the reporter) have heard me say many times before, ensuring the safety and the welfare and the health of our personnel and citizens and the security of our facility – we have no higher priority. The Iraqi people have suffered for far too long from this kind of violence and this violation of their sovereignty.”

He added, “When it comes to the attack in Erbil, I would just add that we are still determining precise attribution. But we have stated before that we will hold Iran responsible for the actions of its proxies that attack Americans. It is – it – I can add that the rockets fired in recent attacks on the coalition and citizens of Iraq, including this attack I referenced, are Iranian-made and Iranian-suppliedR21;.

When it comes to the American response, the spokesperson clarifies, “we will respond in a way that’s calculated, within our own timetable, and using a mix of tools at a time and place of our choosing.. What we will not do is lash out and risk an escalation that plays into the hands of Iran and contributes to their attempts to further destabilize Iraq. ..any response will be done in coordination with our Iraqi partners and in coordination with the coalition as well.”

[highlander7] 23/2/2021 10:02

The problem the ICG have is that any political party wishing to run Southern Iraq needs the support of the Kurds. So ignore the hot air . There will be horse trading going on behind the scenes.

[pensioner2] 23/2/2021 10:02

That dive certainly closed the gap. Should be all stations go now. :)

[beernut] 23/2/2021 09:58

And again back in Baghdad today.

KRG Delegation to Return to Baghdad for Budget Talks
Basnews English 2021/02/23 - 11:06 Kurdistan


ERBIL — The negotiating team of the Kurdistan Regional Government (KRG) will return to Baghdad on Tuesday to resume the talks over the 2021 budget.

BasNews has learned that there are several options put on the table by Erbil and Baghdad, and the new round of the talks will consider the best option for both sides.

However, the KRG insists on the agreement that the regional and federal governments have already agreed upon and it is included in the government-proposed budget bill.

Erbil and Baghdad have so far made multiple budget agreements since the previous cabinets. However, the agreements were repeatedly violated by the Iraqi side which hopes to limit Kurdistan Region’s access to the national budget as a means of political pressure, Kurdish officials believe.

Kurdistan Region Prime Minister Masrour Barzani has reaffirmed on different occasions that Erbil is looking for a fair deal within the framework of the Iraqi Constitution.

[thenarcissist] 23/2/2021 09:29

The largest declared shareholder now has almost 33m,15.47%They have never sold 1 in 4 years, and started buying more around September last year adding around 4.4m to the holding they held.They have never sold 1 at 3 quid or 50pNeither have I This is a takeover CERTAINTYJust when and how much.The when is very near.

[pensioner2] 23/2/2021 09:17

Starting to look as though the gap will fill very soon. Then it should run free.