Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 04/9/2021 08:26

2021-09-03 | 04:34

Finance Minister Ali Abdul-Amir Allawi confirmed that the white paper seeks to fundamentally change the nature of the Iraqi economy.

Allawi said in an article published by the Guardian newspaper, "Estimates indicate that poverty rates in Iraq doubled in 2020 due in large part to declining revenues Iraq We cannot allow the livelihoods of millions of families to continue to be dictated by the unpredictable fluctuations of the oil market.”

He explained that "correcting this will require policies and investments that enable oil and gas producing countries such as IraqFrom directing capital and labor to productive industries in the future and contribute to empowering and stimulating the role of the private sector. In fact, this was one of the main motives behind the economic reform white paper, which seeks to fundamentally change the nature of the Iraqi economy, allow the private sector to play a greater role, and reduce the dependence ofIraq on oil exports and a commitment to economic renewal focused on environmentally sound policies and technologies.

Allawi continued that "Iraq It can play an important role by taking advantage of the huge potential to produce and provide clean energy, as oil and gas production accounts for up to 40% of the total greenhouse gas emissions and the continuous burning of natural gas in oil wells, which necessitates our commitment to reduce gas flaring and investing it,” stressing that “increasing energy efficiency will have other benefits as well, and this means that we will not need to spend huge amounts to increase the general level of electricity provision, and that the deficit IraqProviding enough electricity to meet demand has cost the country nearly $120 billion over the past seven years.”

He pointed out that “increasing energy efficiency will allow for job creation in areas such as building and maintaining energy-efficient green buildings, as a recently published International Energy Agency report showed. that for every $1 million invested in energy efficiency, up to 30 jobs are created, and that this is critical in a country likeIraq, which is witnessing large population increases that will need job opportunities in the future.

” He continued, “The worst potential solar sites are happening inIraq On up to 60% of direct energy from the sun, and that this percentage is higher than the best locations in Germany But nevertheless, the solar power plants it built Germany To date, it provides two and a half times more electricity to all oil, gas and hydroelectric plants operating in Iraqcombined.

” And he noted “and let him be able toIraq To move towards clean energy, it needs the financial resources, expertise and policies that will transform its economy in an equitable and affordable manner, and this requires international support. Otherwise, heading towards net zero carbon dioxide emissions by 2050 will be a distant dream.”

[k4n4k] 04/9/2021 07:29

H7- - game isn't over yet 😎

[nestoframpers] 03/9/2021 22:25

Rudaw

ERBIL, Kurdistan Region – The Iraqi people’s general attitude toward the elections has turned “cold”, a prominent member of the Sadrist movement told Rudaw on Thursday, as parliamentary elections approach.

The public “mistrusts political blocs,” Issam Hussein, a popular Sadrist commentator, told Rudaw’s Hawraz Gulpi, “especially with the behavior of the political blocs in the past 18 years.”

The situation for people in central and southern Iraq is dire, according to Hussein, noting that there are few job opportunities in the areas, leading people to migrate to the Iraqi capital of Baghdad for work.

“It is believed that such citizens don’t have the will to head to the ballot boxes,” he added.

Iraqis will go to the polls on October 10, a year ahead of schedule. Early elections were called to meet a demand of protesters who brought down the government of former Prime Minister Adil Abdul-Mahdi in 2019. However, interest in the vote is currently low.

Protesters have in recent months called for a boycott of the elections, questioning the legitimacy of the vote in an environment where powerful militias operate outside of government control, activists and election candidates are threatened, and the electoral commission and political elites are accused of fraud. Several parties from across the spectrum have announced they will not participate, citing similar reasons.

Public sentiment toward the upcoming elections also seems to be wavering.

“I will not participate in the elections. I don’t see anyone qualified for it,” a passerby in Baghdad told Rudaw’s Halkawt Aziz. “It’s the same people, even if their faces are new.”

Other locals say they don’t have any hope that elections will change their circumstances.

Shiite cleric Muqtada al-Sadr, leader of the Sadrist movement, last week reversed an earlier call for his politicians to withdraw from elections, saying they will contest the elections with “determination.”

There are a total of 3,249 candidates vying for 329 seats in the parliament. The official campaign period began on July 8 but has so far been lackluster.

[k4n4k] 03/9/2021 21:24

🐕🐕🐕🐕8021;

Arf Arf

Nobody listening 💩🧠🧠🧠9504;

[bigdog5] 03/9/2021 21:22

Poor old thicky the bricky thrashing around making up BS and trying to expunge his guilt of getting everything wrong.

"Todd went for glory with SH7........... We paid for it through placements loads of them diluting us massively , we were not even allowed to buy , only the instis .He chucked $60 mill at that well"

It cost the best part of $100m.

"JH in comparison is keeping the PIs sweet until one of the 7 sisters snaps GKP up".

The PI's don't matter one iota. Its the Insti's that are having to be kept sweet and onboard. None of the 7 sisters will be interested in a few hundred million barrels of very heavy oil that are extremely difficult to extract.

"He can't do anything else GKP would never be allowed to become a major".

Nothing to do with being allowed, they don't have the expertise or the Reserves to become a major.

But dream on you crazy Ratner diamond.

[kurdman63] 03/9/2021 21:17

The problem for them is that they thought it was 3 shards deep everywhere but it turned out to be 2 shards deep at 12/13.

A new CPR should be interesting 🤷‍a94;️

[bigdog5] 03/9/2021 21:05

S12 was targetting the lower Jurassic which they hoped would add to the Reserves and open up a new area? It failed but S13/S14 were already too far advanced to alter plans other than not to drill as deep? Now they're forced to go back to "support" S1 if it is having problems as you say, in order to keep PF1 at its maximum?

[kurdman63] 03/9/2021 20:52

Mr Dog 😃

I've never been a believer of Stuart's numbers.

Question, why did they miss SH G and go to SH12/13/14 ???

Why have they now changed their minds and gone back to G ???

[nestoframpers] 03/9/2021 20:25

Todd went for glory with SH7 a massive well designed to cope with the huge Zargos aquifer pressures, it mysteriously failed due we were told to mechanical failures, this always sounded like BS to me. We paid for it through placements loads of them diluting us massively , we were not even allowed to buy , only the instis .He chucked $60 mill at that well and it paid for it's self in 8 months due to it being a massive producer . JH in comparison is keeping the PIs sweet until one of the 7 sisters snaps GKP up. He can't do anything else GKP would never be allowed to become a major.

[sinopec_gkp_new_owners] 03/9/2021 17:17

Sunday papers.

[k4n4k] 03/9/2021 16:39

🐕🐕🐕🐕8021;

Arf Arf

[bubblingup] 03/9/2021 16:39

Thanks P2. Right at this moment my head is spinning with the thought that I might one day break even here. Growing shareholder distributions including a serendipitous maiden interim div, and share price rising on a wave of optimism. Once again the biggest stock in the old PF. £4.20 is now my target and falling. Happy Days.

[k4n4k] 03/9/2021 16:23

😂😂😂😂 @ 🍩63 & 👰🍩

🛢️
29312;💭

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🔜🇨🇳

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[bigdog5] 03/9/2021 16:19

Constable, yes you're wrong and based on the latest data (post wipeout) the CPR is almost certainly too high.

Also its obvious they've had and are having problems increasing the production numbers. Still only one pump 6 years on from announcing they were to be installed.

What part of having to be extremely carefully how much the wells produce versus choking them back in order not to suck up the shyte don't you get?

Then there's the drainage data you rampers keep reposting from the Kozel days that is BS. Additional wells can/will steal production from existing ones as Kurdman has said many times.

The rampers miss so many clues and when they are referred to they whine and grizzle and come up with ludicrous excuses.

Can you rampers not see why S15 will be linked to PF1? Its obviously to cover the problems S1 is having.

Now Mr Hills go forth and multiply.

[steephill cove] 03/9/2021 16:01

09/2016:- 20 for 9 offer @ 83.14p
07/2019:- H1 Dividend 5.68p
10/2019:- Special Dividend 11.612860p
10/2019:- GKP $25M Share Buyback
03/2020:- GKP $25M Share Buyback
07/2021:- H1 Dividend 8.373p
08/2021:- Special Dividend 8.377p
10/2021:- Interim Dividend 16.75p
??/2021:- GKP 10 percent Share Buyback

Yum Yum ✅

[shortsqueezer] 03/9/2021 16:00

I've already started :-)

[johnbuysghost] 03/9/2021 15:54

I think I'll crack open a bottle of red to celebrate a very good GKP week.

Well done all longs.

[pensioner2] 03/9/2021 15:52

I was replying to beernut's post, BU, where he was suggesting we divest all assets, including Shaikan, so the finance guys wouldn't be running Shaikan. But if they could get their hands on a shell co stuffed with cash they'd probably find a legal way to divi it up between themselves. It won't happen if any offer is made for the company though.

[sinopec_gkp_new_owners] 03/9/2021 15:17

$100m dividend a year ++LOLOLOLOL. If they had any intention of staying independent operator to 110k and beyond they would use this huge FCF to fund a bond issue instead ....that would raise all the cash they would need to grow. Debt investors would be falling over themselves to finance a company with such a strong covenant. But they paying it OUT instead!!!!! TAKEOVER friendly or otherwise now INEVITABLE . Hostile competition looking far more LIKELY than previous.. FDP submission coming this Q4 will have new OPERATORS NAME on it.

[bubblingup] 03/9/2021 14:27

Shaikan, even.