Gulf Keystone Petroleum Share Discussion Threads

[noreply1] 24/2/2021 11:48

Wow 505 million oil reserves. How much is that worth in pounds.Over 1 billion

[broadford bay] 24/2/2021 11:33

Good morning bigdog,

as long as the hidden shareholders continue to accept (promote?) this state of affairs, nothing will change.
The "Management" get paid - and rather well at that considering most of them don't even work every day at the office, or at the production sites.
The workers get paid - expats rather well, locals better than sheepherders anyway.
The retail holders can play the peaks and troughs almost as well as the big boys, another 15p divi should shut them up for a year or so.
The FCA aren't interested.

No top talent is interested in having their CV "tainted by association".

It's called a Gravy Train.

[cicero666] 24/2/2021 11:27

h7
and the KRG don't want to hand over all of the oil, mainly because they know how big Shaikan is, and how easy it is to pilfer from all wells.

[beernut] 24/2/2021 11:23

From Energy voice

OIL & GAS
Whispers of $100 oil return as crude shakes off Covid’s clasp
While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel.
by Bloomberg
24/02/2021, 10:56 am
© Shutterstock / huyangshuPost Thumbnail
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While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel.

Azerbaijan’s Socar Trading SA predicts global benchmark Brent could hit triple digits in the next 18 to 24 months, and Bank of America sees potential spikes above $100 over the next few years on improving fundamentals and global stimulus.

[beernut] 24/2/2021 11:16

Upbeat outlook in Iraqi Kurdistan
Oil and gas developers in the semi-autonomous region are looking forward to a year of rebound

Confidence is growing among producers developing fields in Iraqi Kurdistan that positive momentum will continue in 2021, as new drilling campaigns kick off during a continuing oil price uptick. The Kurdistan Regional Government (KRG) improving the regularity of its payments for oil sales throughout second, third and fourth quarters of 2020 is one driver of this optimism. A year ago, Erbil deferred hundreds of millions of dollars of payments to operators for November 2019-February 2020 crude sales for at least nine months. “

[bigdog5] 24/2/2021 11:11

Stakeholders will need the oil price in the stratosphere to try and offset the massive downgrade to reserves.

[bigdog5] 24/2/2021 11:03

Gross Reserves

2016 2P 622m CPR
2018 2P 615m (March)
2018 2P 615m (June)
2019 2P 591m (May)
2020 2P 578m (Sept)
2021 2P 505m (Feb) Latest CPR

Massive decrease between Sept 2020 and latest CPR numbers in Feb 2021.
Even allowing for four months production of say 6m that is a huge downgrade to the Gross figures. So obviously they have adjusted the Jurassic numbers for a reason. Looks rather like its the problems encountered with the oil/water contact at the target depths at S12/S13. That has therefore shrunk the Jurassic materially. The evidence is all there.

Also if and when the 2nd amendment to the PSC is agreed the WI of 80% (costs 80%) will drop to 58% (costs 64%).

Perhaps the questions stakeholders should be asking themselves is why is the amendment taking such a long time when the groundwork was done back in 2016. Then there's the paying for 80% of everything. What they shouldn't be doing is getting excited about thinking they own 80% of any heavy oil because when push comes to shove they can only point at 58% and even then its the hosts oil so its really all about the production numbers. Which are rather pathetic after spending around $2b and 11 years in achieving them imho.

Would it fair to suggest that the hosts are playing the game rather well and allowing the company to pay 80% of all costs and then at such a time that suits them will dilute them down to 58%? Does the history with negotiations with the hosts suggest that the company will come out with a "neutral" arrangement or will it be as usual a much better deal for the owners of the heavy oil?

Just a mull?

[highlander7] 24/2/2021 10:50

In other words Maliki knows he is under investigation and is going to get found out re the $billions he stole and wants to do a deal.

IMO

[nestoframpers] 24/2/2021 10:43

In other words they do not want the baby throwing it's dummy.

[nestoframpers] 24/2/2021 10:42

from link

“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,” Iraqi parliament’s finance committee member Jamal Kochar told Rudaw English on Monday. “While there could be a majority without these factions, passing the bill would cause instability without their collaboration.”;

[nestoframpers] 24/2/2021 10:41

ERBIL, Kurdistan Region — Prime Minister Masrour Barzani on Tuesday announced that more than 350 billion dinars will be allocated to investment projects in the Kurdistan Region Government’s (KRG) 2021 budget, despite having yet to strike a deal with Baghdad to receive federal money.

“In parallel to continued budget talks with Baghdad, we’ve appropriated more than 350bn IQD in the KRG 2021 budget for investment projects across all four provinces,” tweeted Barzani.

The decision was welcomed by top Kurdish officials.

[pensioner2] 24/2/2021 10:38

Blackrock doing the hoovering again. They're very good at it.

[k4n4k] 24/2/2021 09:44

T20 🤔

[beernut] 24/2/2021 07:38

And again

KDP Delegation to Visit Baghdad on Wednesday
BasNews 2021/02/23 - 21:27 Kurdistan


ERBIL - The ruling Kurdistan Democratic Party (KDP) will dispatch a delegation to Baghdad for negotiations with Iraqi political parties on the remaining disputes between the Kurdistan Region and Iraq.

KDP Spokesperson Mahmood Muhammed confirmed the report during a press conference on Tuesday and noted that the KDP delegation will pay its second visit to Baghdad on Wednesday.

He noted that the same delegation previously held meetings with "all" political parties and that discussions will continue.

The Kurdistan Regional Government (KRG) and the federal government are yet to reach a final agreement on Erbil's share from the Iraqi budget bill for the current year.

The KRG, over the past few months, has sent delegations to Baghdad more than 10 times in efforts to reach an agreement with the federal government.

[highlander7] 24/2/2021 06:28

Ishy in the bin...he is in good company !

[sbb1x] 24/2/2021 06:16

Good morning LionsBrent 64$Eia data out this afternoon!

[toddkozel] 24/2/2021 04:53

HTTPS://twitter.com/GoodnightCharl1/status/1364292673889333249?s=19

[toddkozel] 24/2/2021 04:53

HTTPS://twitter.com/KeystoneGulf/status/1364277938921893890?s=19

[toddkozel] 24/2/2021 04:52

HTTPS://twitter.com/KeystoneGulf/status/1364263085607964672?s=19

[steephill cove] 24/2/2021 02:00

Ishy001 filtered. Yet another blue ADVFN Premium Subscription GKP Deramper into the skip & still they keep coming :-)

[guypender] 23/2/2021 22:09

Karma will find you ?