Gulf Keystone Petroleum Share Discussion Threads

[cnpc_loves_gkp] 15/3/2021 13:22

Not exactly It's a sale of the company The mechanism by which Bermuda reg cos are bought is by the buyer forming a Bermuda subsidiary co =BIDCOthe mechanism to buy TARGETCO ie gkpIs to merge/amalgamate the 2 together It's a corporate piece of engineering

[highlander7] 15/3/2021 13:18

A formal merger is where one company is acquired by another. Agreements are common among companies with adjacent overlapping oilfields and usually require only some contractual/financial arrangement with both Company's staying autonomous. I presume that's what you mean.

[cnpc_loves_gkp] 15/3/2021 12:45

Where is the Dog ?BLACK ROCK now have ACQUIRED 5.43% over 11,400,000 and INCREASING literally by the week having mugged OVER 2,150,000 from thick retail in FEBRUARY ALONE , as the most OBVIOUS TAKEOVER ever is IMMINENTFollow the REAL MONEY :) meanwhile plenty of laughs and entertainment available here from the orchestrated bashers There's plenty to choose from :)

[cnpc_loves_gkp] 15/3/2021 12:44

No it won't be an offer.It will be an agreed sale by amalgamation.

[sbb1x] 15/3/2021 12:42

No big take over offer coming.

[cnpc_loves_gkp] 15/3/2021 12:26

Where is the Dog ?BLACK ROCK now have ACQUIRED 5.43% over 11,400,000 and INCREASING literally by the week having mugged OVER 2,150,000 from thick retail in FEBRUARY ALONE , as the most OBVIOUS TAKEOVER ever is IMMINENTFollow the REAL MONEY :) meanwhile plenty of laughs and entertainment available here from the orchestrated bashers There's plenty to choose from :)

[pensioner2] 15/3/2021 12:07

Sorry. Old article.

[bravedog] 15/3/2021 11:24

@H7
” Why would GKP need a merger ? ”

Because of unification with the neighboring fields which must be included in the development studies.

[pensioner2] 15/3/2021 11:14

Double that, K4.

[fairenough11] 15/3/2021 11:04

"just get the thing sold"

At the right price not at any price.

[spark plug] 15/3/2021 10:49

As usual, lots of conflicting views - just get the thing sold - most genuine investors have been here far too long - we want a result now!

[beernut] 15/3/2021 10:35

Crude oil futures rise on bullish fundamentals amid lack of fresh cues

Author Rohan Gupta
Editor Aastha Agnihotri
Commodity Oil
Singapore — 0221 GMT: Crude oil futures rose during the mid-morning trade in Asia March 15, as the market fell back on bullish macro fundamentals amid an absence of fresh cues.

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At 10:21 am Singapore time (0221 GMT), the ICE Brent May contract was up 68 cents/b (0.98%) from the March 12 settle to $69.90/b, while the April NYMEX light sweet crude contract also gained 68 cents/b (1.04%) to $66.29/b.

Market analysts noted a lack of new drivers in the market this morning, adding that the rise in price is the result of the market buying into the narrative that an improved economic climate will push up oil demand.

"There are no specific oil-related headlines that have come up this morning. The market just wants to buy the growth recovery trade, and oil is one of the assets that it has its eye on," Jeffrey Halley, senior market analyst at OANDA, told S&P Global Platts on March 15.

"The fundamentals for oil are good, and the market really needs no excuse to buy oil when there is a price dip," Halley added, as he alluded to the downward price movement seen in the market at the close of week ended March 13.

Both the Brent and NYMEX light sweet crude markets ended lower 0.59% and 0.62% on the day to settle at $69.22/b and $65.61/b, respectively on March 12.

[beernut] 15/3/2021 10:33

Crude Oil Tops $66 as China’s Recovery Aids Outlook for Bulls
Saket Sundria
March 15, 2021, 7:45 am


(Bloomberg) -- Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses on with output curbs to drain global inventories.

West Texas Intermediate in New York gained 0.9%, while Brent also climbed. Figures from China for the first two months of the year showed a surge in industrial output, underscoring the strength of its V-shaped recovery and reinforcing expectations for increased energy demand. Citigroup Inc. raised its full-year Brent forecast and warned of spikes to $80 a barrel.

Crude has rallied strongly in the opening months of 2021, supported by the vaccine-aided recovery from the pandemic and the decision by the Organization of Petroleum Exporting Countries and its allies to keep a tight rein on supplies. That combination -- plus attacks on Saudi Arabian oil infrastructure by Yemen’s Houthi rebels -- helped London’s Brent crude to top $71 a barrel last week.


“Once again, a much-improved demand picture along with supply cuts, particularly from OPEC+, have us drifting higher,” said Michael McCarthy, chief markets strategist at CMC Markets Asia Pacific. “I expect, if anything, we are going to see higher levels.”

Reflecting optimism about the scope for further gains, Citigroup’s full-year Brent outlook was raised $5 a barrel to $69 amid the OPEC+ curbs. While the bank cautioned in a note that oil wasn’t on the cusp of a so-called supercycle, it said Brent could hit $75 or even $80 over the next few months.

Among the welter of figures from China, apparent oil demand rose almost 17% in January-February from a year earlier, to 13.326 million barrels a day, according to data compiled by Bloomberg. That snapshot takes into account domestic oil-processing volume, and the net import of refined petroleum.

[pensioner2] 15/3/2021 10:30

No agreement between Erbil and Baghdad yet. Someone (IMF?) will have to bang heads together.

[nestoframpers] 15/3/2021 09:49

The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Sunday, that new investments and the launch of their allocations depend on the legislation of the general budget law for the current year.

According to the official agency, Saleh said, "The federal budget is the country's financial plan at the level of a whole year, and many strategic and important decisions depend on its legislation, especially investment decision-makers and the implementation of related activities at the market and private sector level, as well as settling many outstanding rights that It belongs to the people and the general private sector that prepares and executes government projects and requests. "


He added that "new investments and launching their allocations totally depend on the approval and enactment of the budget law, especially the implementation of new projects that are listed for the first time and the processes of referring them without delay to the implementers in the business sector and what is related to that in activating the operating cycle of the manpower and material resources ready for use."



He explained that "the slowdown in approving the budget would lead to a decline in economic activity in achieving the role of spending and its optimization in economic growth, especially investment spending and the implementation of other annual programs, including combating poverty, and the main related social, educational and technological programs."





He pointed out that "the total government spending constitutes about 50% of the gross domestic product in the economy, and its effects as government spending extend to about 85% of the country's economic activity."





And he indicated that "recession and economic recovery are directly related to government expenditures, which should contribute to achieving growth in gross domestic product that exceeds the annual population growth in order to achieve economic prosperity."
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[cnpc_loves_gkp] 15/3/2021 09:46

I agree H! :)

[highlander7] 15/3/2021 09:45

KRG cant afford "slow" as in 5-6 years. The OP wont stay high forever. It could be fast tracked in 2-3 years. Assuming they design/build/drill in parallel.

Farm in I have covered.

I totally agree that the stakeholders will want a return ASAP. What is interesting is that they all (apparently) still hold.

[cnpc_loves_gkp] 15/3/2021 09:36

They could do it but it would be slowAnd they could definitely raise more debt If neededOr a farm in But..... all stakeholders will want PAYDAY

[highlander7] 15/3/2021 09:32

CNPC ...it doesnt add up ...they would need $600million - $1 billion for PF-3 and they would need that before reaching 75k bbls a day never mind 110kbbls. $200 million wouldnt even pay for the process kit needed for the PF even if they had that after they have paid Design costs. Which they wont, they would be lucky to have $140 million left.

[cnpc_loves_gkp] 15/3/2021 09:20

BLACK ROCK now have ACQUIRED 5.43% over 11,400,000 and INCREASING literally by the week having mugged OVER 2,150,000 from thick retail in FEBRUARY ALONE , as the most OBVIOUS TAKEOVER ever is IMMINENTFollow the REAL MONEY :) meanwhile plenty of laughs and entertainment available here from the orchestrated bashers There's plenty to choose from :)

[cnpc_loves_gkp] 15/3/2021 09:20

Regards finance ,they have had $200m available that they have never touched ,.......:)Hopefully they have allocated this to the third party buying stock for them....So they could financially develop Shaikan albeit slowly.....Obviously not doing as they could be at 75k now if they had used the extra debt facilities...SOLD TBA

[mcfly02] 15/3/2021 09:17

Good Morning 😂

We have been telling you for YEARS that Gulf were talking about raising money for the push to 75k !

We also told you that the MNR wanted to merge the Kurdish oilers together.

And now you talk about it as though it's new information 😂😂😂

GoatCam 🐐🎥®

[cnpc_loves_gkp] 15/3/2021 09:16

Regards finance ,they have had $200m available that they have never touched ,.......:)Hopefully they have allocated this to the third party buying stock for them....So they could financially develop Shaikan albeit slowly.....Obviously not doing as they could be at 75k now if they had used the extra debt facilities...SOLD TBA