Gulf Keystone Petroleum Share Discussion Threads

[davr0s] 20/5/2021 19:32

Nope, you just have a preconceived idea on what you think the market should do and it hasn't done it

[nestoframpers] 20/5/2021 19:30

Pathetic response from the market once again after a hefty payment. So rigged. GKP is stalked by rouges.

[nestoframpers] 20/5/2021 18:10

OT Iraqi Dr struck off for saying CV19 was a made virus.

[nestoframpers] 20/5/2021 18:07

Rudaw

ERBIL, Kurdistan Region — The Kurdistan coalition in the federal Iraqi parliament said on Thursday a Kurdish delegation will visit Baghdad by next week to discuss the implementation of Article 11 of the Budget Law, state media reported.

MP for the Patriotic Union of Kurdistan (PUK) Sherwan Mirza told the Iraqi News Agency (INA) the Kurdish delegation will discuss how to calculate the Kurdistan Region’s share of the budget and how to deliver its revenues to Baghdad.

Erbil relies heavily on Baghdad for its funds, but the question of oil-for-budget has been a thorny issue between both sides. Prior to voting on the budget, a KRG delegation led by Deputy PM Qubad Talabani visited Baghdad several times to try and resolve the issue.

Article 11 of the budget law dictates a share of 12.67 percent of federal funds for the Kurdistan Region. In return, it requires the Kurdistan Regional Government (KRG) to hand over the value of 250,000 barrels of oil a day to Baghdad, in addition to 50 percent of non-oil revenues, such as customs fees and taxes.

Iraqi lawmakers have criticized the Kurdistan Region’s independent oil sales, with many wanting Erbil to hand over all of its oil to the State Organization for Marketing Oil (SOMO) in exchange for federal funds.

The budget bill, approved by the Iraqi Council of Ministers in December, took more than three months to be passed by Iraq’s parliament. It was finally put to a vote on March 31.

[shortsqueezer] 20/5/2021 17:48

Well that is a surprise! And the 'market' evidently wasn't expecting it either ! Bodes well, as we used to say. Looking forward to seeing Kylie again !

[sharesiq88] 20/5/2021 16:14

Price has held up well, considering.

[bumkin] 20/5/2021 16:11

‘ The KRG has stated that payment will now be 60 days after submission of each invoice’

🤔 Could they mean just the arrears?🤷205;♂️

[sharesiq88] 20/5/2021 15:51

What a shocker!

[hangthedj] 20/5/2021 15:42

Take the $4.2m arrears payment and discuss later, absolutely no chance of KRG upping their offer.
I'm pleasantly surprised that main payment has been made this month.

[steephill cove] 20/5/2021 15:29

Indeed & it is why there will be a Share Buy Back coming shortly too to supplement the 2 dividends. Strap in. Kylie is coming (All long term PIs know what I am talking about) :-)

[sbb1x] 20/5/2021 11:50

I think us hitting 158 filled an outstanding gap from what I can remember Buying opportunity short term target 185.

[tess_tickle] 20/5/2021 10:58

NAME THE BIGGEST CROOK EVER TO WORK AT GKP

[kurdman63] 20/5/2021 10:40

It was a bad cement job 😂😂😂