Gulf Keystone Petroleum Share Discussion Threads

[cnpc_loves_gkp] 27/2/2021 19:36

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[bigdog5] 27/2/2021 19:32

Hello Paul how's the takeaway con proceeding.

How much did you collect today selling "Big Issues"?

I note still no sign or reference to the Kon zel barrels.

They ain't there cos they're all fantasy.

More proof in the coming weeks.

[cnpc_loves_gkp] 27/2/2021 19:30

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[cnpc_loves_gkp] 27/2/2021 19:29

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[bigdog5] 27/2/2021 19:29

I note that h7 signs off his posts with his correct title.

[cnpc_loves_gkp] 27/2/2021 19:29

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[bigdog5] 27/2/2021 19:24

h7 you had a 50/50 chance with your prediction of "Trump will get re elected and then he will sort out Iran" and still got it wrong. Think the opposite of what h7 says and you're in with a chance of being correct?

Shall we revisit some of the classics from your keyboard over the years? Your opinion that the BH's will be paid off, there's no need for a restructure or billions of shares or there will be no consolidation, or Kozel will never leave, or the M&G will never get their men onboard, JG isn't leaving, be patient, Xom/Chevron/Total/ are coming wait for the dividends, wait till the gas reinjection gets us 55k a day, or doesn't matter that S9 failed exporting the gas will be faster and cheaper, or the sulphur mountains will bring in much revenue, wait till we have a 500k a day heavy pipeline.

All of those I took the opposite view to you and was proved correct.

Then there's all the "tekky stuff" you come out with that Broadford completely tears apart.

Its why you had to delete hundred's of your posts isn't it because they were proving you to be a clueless clown. We've known for years you understand naff all about finance and continually call the Politics wrong. You prove daily you know and understand naff all that's happening with the company so don't try to con others with your efforts to discredit my opinions/views when most here reluctantly realise I've got them spot on for years.

[cnpc_loves_gkp] 27/2/2021 19:10

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[cnpc_loves_gkp] 27/2/2021 19:09

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[nestoframpers] 27/2/2021 18:48

Washington, DC: On February 8, 2021 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation

[url=file:///Q:/COM/MR/Press Releases/2021/PR2137 - Iraq - IMF Executive Board Concludes 2020 Article IV Consultation with Iraq.docx#_ftn1][1] [/url]with Iraq.


The COVID-19 pandemic and a sharp decline in oil revenues have exacerbated Iraq’s longstanding economic vulnerabilities. Real GDP contracted by an estimated 11 percent in 2020, reflecting a slowdown in non-oil activity and cutbacks in oil output as a result of OPEC+ decisions. Large fiscal and external current account deficits of 20 and 16 percent of GDP, respectively, constrained the government’s ability to mount an effective fiscal response to the crisis.


The authorities have begun to take much-needed steps towards ensuring macroeconomic stability while protecting the vulnerable. To help safeguard foreign exchange reserves and reduce the external imbalance, the Central Bank of Iraq has announced a devaluation of the exchange rate. Alongside, the draft 2021 budget, submitted to Parliament, aims to reduce the fiscal deficit through measures to contain the unsustainable expansion of government wage and pension bills and to raise non-oil revenues, while significantly boosting targeted assistance to shield the most vulnerable. The authorities have also set aside sizable resources in support of their efforts to minimize the loss of life to COVID-19, including through acquisition and distribution of a vaccine.


The economy is expected to gradually recover, and the imbalances to narrow, although the outlook remains challenging. Real GDP is projected to return to its pre-pandemic level by 2024. The fiscal and external current account deficits are projected to decline over the medium term. Government debt is expected to peak in 2023 and decline gradually thereafter.


This outlook hinges on strong implementation of reforms and is subject to significant downside risks. Political constraints ahead of the parliamentary elections, renewed bouts of social unrest, or security risks could undermine the reform efforts, putting macroeconomic stability at risk. Furthermore, pandemic‑related risks and oil market uncertainties could further complicate the economic situation.


Executive Board Assessment [url=file:///Q:/COM/MR/Press Releases/2021/PR2137 - Iraq - IMF Executive Board Concludes 2020 Article IV Consultation with Iraq.docx#_ftn2][2][/url]


Executive Directors agreed with the thrust of the staff appraisal. They noted that the COVID 19 pandemic and the sharp decline in oil revenues have further exacerbated Iraq’s existing significant socio-economic fragilities. Directors also noted the authorities’ efforts to strengthen the health policy response, boost social safety nets, and reduce the fiscal and external deficits. Nevertheless, downside risks to the economic outlook remain significant amid a challenging socio-political environment. Directors emphasized that implementing strong policies and structural reforms is essential to ensure macroeconomic stability and achieve sustainable and inclusive growth.


Directors emphasized that reducing fiscal imbalances is critical to ensuring fiscal and debt sustainability. They welcomed the authorities’ planned fiscal reforms in the “White Paper” and encouraged their careful prioritization and swift implementation while minimizing the impact on the vulnerable. To create room for the much-needed reconstruction and social safety nets, Directors highlighted the importance of strengthening public finances. To this end, they called for a comprehensive civil service reform to contain the public wage bill and recalibration of the pension system to put it on solid financial footing. Priority also needs to be given to increasing non-oil revenues and strengthening public financial management to reduce the fiscal risks stemming from off-budget expenditures and government guarantees.


Directors concurred that the recent exchange rate adjustment would help reduce external imbalances and preserve foreign exchange reserves. They underscored that a strong fiscal framework remains critical to ensuring the credibility of the new exchange rate peg as well as minimizing future need for monetary financing of the budget. Directors also saw need for further monetary policy measures by the central bank to contain inflation.


Directors stressed that wide-ranging structural reforms are necessary to cement macroeconomic stability and pave the way for higher and more inclusive growth. They underscored that reform efforts should focus on stemming the financial losses in the electricity sector. This requires sustained efforts to strengthen governance and improve collection, as well as gradual adjustment of tariffs to increase cost recovery and reduce arrears. In addition, Directors emphasized the importance of reducing corruption in key public institutions, continued improvement and effective implementation of the AML/CFT framework, restructuring of large state-owned banks to foster financial stability, and developing the private sector.


Directors noted the authorities’ interest in emergency financing with the Fund to support their stabilization and reform efforts with some Directors encouraging a longer-term arrangement to address structural challenges

[highlander7] 27/2/2021 18:42

Good try Doggie ...

LOL

Clown

[nestoframpers] 27/2/2021 18:36

Horrific reading the IMF report EG-

30. To undertake a sound risk assessment, capacity of dedicated staff at the Ministry of
Finance needs to be built. Complementary to capacity building required for maintaining a
guarantee registry and understanding risk exposure (discussed in paragraph 12), dedicated staff
need to develop capacity to assess the likelihood of risks materializing. Such assessment requires
not only the ability to understand the specific risks incurred in a guarantee but also to make a
forward-looking assessment of the ability and willingness of the guarantee beneficiary to honor
its obligations (and hence the likelihood of the government having to step in to meet the
guarantee beneficiary’s obligations). Staff will require on-the-job and formal training in various
areas, including accounting, corporate finance, the legal implications of guarantee contracts, risk
management, and sector knowledge.

[nestoframpers] 27/2/2021 18:29

Iraq needs adult supervision ( so does most other places )

Summary:

Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees related to foreign currency service payments and debt of USD 21.7 billion at end-June 2017 and a stock of domestic guarantees that remains to be fully assessed. In 2017, the Council of Ministers approved a set of procedures to tighten controls on the approval of State guarantees. Nevertheless, misreporting cases highlight the need to further strengthen capacities and institutional arrangements to effectively identify and monitor the fiscal implications of guarantees, including in the context of EBFs’ operations.

[nestoframpers] 27/2/2021 18:03

Since Biden arrived the ME looks edgy to me , Biden's mates are the industrial military complex they like wars.

Great post 1waving thanks .

[bravedog] 27/2/2021 17:48

The Israeli cargo (ro-ro) MV HELIOS RAY on the way from Saudi Arabia to Singapore has been attacked by Iranians. No casualties. An investigation is ongoing in Abu Dhabi.
Source

[habshan] 27/2/2021 16:33

OK Tony, if Sarah can't explain it herself then YOU explain it.

Why can't an oilfield produce 110kbpd without gas injection.

[cnpc_loves_gkp] 27/2/2021 14:55

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[cnpc_loves_gkp] 27/2/2021 14:55

Stop interaction with fraudsters unless you are one

[habshan] 27/2/2021 14:54

"to fast track production to at least 110kbbls a day. Need gas reinjection...."

Why?

[cnpc_loves_gkp] 27/2/2021 14:47

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[cnpc_loves_gkp] 27/2/2021 14:36

Thanks 1waving.SHAIKAN DATAUpper Kurre Chine A --- Formation Porosity P mean 11%Initial Condensate Yield --- P mean 14 BBL/MMCF.Upper Kurre Chine B --- Formation Porosity P mean 11%Initial Condensate Yield --- P mean 234 BBL/MMCFLatest CPR" -- Gross 2P Triassic and Cretaceous reserves of 47 MMstb were reclassified to gross 2C contingent resources(1) , while the Field Development Plan is progressed with the Ministry of Natural Resources. "..