Gulf Keystone Petroleum Share Discussion Threads

[beernut] 01/10/2021 02:01

To meet Tony of Kurdistan probably...🤔

And Bigdog.
Might even get Broadfraud there all of em bareback riding 3 goats with cameras strapped round there necks.

Cracking me up just typing this.

I’m sure they’ll be there at T/O party in disguise.

But riding goats e’ll give away.

[k4n4k] 30/9/2021 22:14

To meet Tony of Kurdistan probably...🤔

[shortsqueezer] 30/9/2021 21:17

Quite a flurry of foreign dignitaries visiting Iraq, north and South , recently. I wonder why .....

[beernut] 30/9/2021 21:07

Kurdistan's President praises the US support for Iraq and the Region
Iraq News
Nechirvan Barzani
2021-09-30 15:29
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A
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Shafaq News/ The President of Kurdistan Region, Nechirvan Barzani, met today, Thursday Jennifer Gavito, the US Deputy Assistant Secretary for Iran and Iraq Bureau of Near Eastern Affairs.

A statement issued by the Kurdish Presidency said that Gavito confirmed that the United States is "looking at Iraq with interest and that its relations with Iraq and the Kurdistan Region is based on friendship and a long-term strategic partnership."

The US Official considered that the stability of Iraq is essential for the strength of the Region.

Gavito reiterated the US commitment to continue its support for reforms in the Ministry of Peshmerga Affairs and reorganize its forces, noting that it can help the Kurdistan Region in other areas, such as security, energy economy, and culture.

She also referred to her visit to the Citadel of Erbil to see the restoration process, stressing that they encourage American investment in the Region, mainly through the US's DFC Foundation, which provides financial support for investment projects.

For his part, Barzani congratulated Gavito for her new position and praised the continued US support for Iraq and the Kurdistan Region, stressing the Kurdistan Region's desire to strengthen its relations with the United States and expand areas of cooperation.

The two sides discussed the issue of the upcoming elections when Barzani expressed hope that the elections would provide another opportunity for all Iraqi forces and parties to work together and implement the constitution and the federal system.

Both sides also discussed the Iraqi-US strategic dialogue, the latest political and security developments in Iraq, the challenges facing the country, the dangers of terrorism and ISIS operations in Iraq and the Region, the tasks of the Global Coalition in Iraq, the relations of Erbil and Baghdad and other issues of common interests.

[beernut] 30/9/2021 21:01

“Speaks of assistance In economy”

French president sends letter of thanks to Kurdistan Region
Mustafa Shilani
4 Hours

Prime Minister Barzani (Right) receiving the French president Emmanuel Macron’s letter from the French Consul General Olivier Decottignies, Sept. 30, 2021. (Photo: KRG)
Prime Minister Barzani (Right) receiving the French president Emmanuel Macron’s letter from the French Consul General Olivier Decottignies, Sept. 30, 2021. (Photo: KRG)
Kurdistan Kurdistan France Erbil
ERBIL (Kurdistan 24) – Kurdistan Region Prime Minister Masrour Barzani on Thursday received a written letter from Emmanuel Macron, extending the French president's gratitude for the treatment he received while in the regional capital of Erbil in late August.

The letter was hand-delivered by Olivier Decottignies, the French Consul General in the Kurdistan Region, during a meeting with Barzani, according to a statement released by the regional government later that day.

In the letter, Macron expressed his thanks to "the Prime Minister of the Kurdistan Regional Government (KRG) and his appreciation for the warm reception he received during his visit to Erbil."

On Aug. 29, the French leader met with multiple KRG officials including Prime Minister Barzani, President Nechirvan Barzani, and Parliament Speaker Dr. Rewaz Faiq Hussein.

Read More: PHOTOS: French President arrives in Erbil, meets with top KRG officials

"France and the Kurdistan Regional Government have an ancient and unique relationship, and it must be upheld at a high level," Macron wrote, as quoted in the statement, adding that France will continue its "commitment to you, in the fight against terrorism and for economic and social development."

[beernut] 30/9/2021 20:57

“Lot about assistance in energy and business”

President Nechirvan Barzani meets with a visiting US delegation

Erbil, Kurdistan Region, September 30, 2021
Kurdistan Region President Nechirvan Barzani received Ms. Jennifer Gavito, the US Deputy Assistant Secretary of State for Iran and Iraq, in Erbil on Thursday.
At the meeting, also attended by the US Consul General, the relations of the Kurdistan Region and Iraq with the United States were highlighted. Ms. Gavito reaffirmed that the US views Iraq as a significant partner and stressed that the US relations with Iraq and the Kurdistan Region are friendly based on long-term strategic partnership which cover many areas. Ms. Gavito viewed the stability of Iraq as important and necessary to maintain stability in the wider region. Both sides agreed that this visit is important and timely to demonstrates the US engagement with Iraq and the Kurdistan Region.
Mrs. Gavito reiterated America’s commitment to continue its support for reforms in the Ministry of Peshmerga Affairs and the reorganization of the Ministry’s forces, noting that the US can assist and participate in the Kurdistan Region in other areas including in security, energy, economy and education. She also referred to her visit to Erbil Castle and the restoration process at the historical site, stressing that they will encourage American investments in the Kurdistan Region, particularly through the U.S. International Development Finance Corporation (DFC) which provides financial support to investment projects.
President Nechirvan Barzani congratulated Mrs. Gavito on assuming the new office, commended the continued US support to Iraq and the Kurdistan Region, and reiterated the readiness of the Kurdistan Region to strengthen relations with the US and to expand mutual cooperation. The President also referred to the increasing investment opportunities for American businesses in Iraq and the Kurdistan Region.
Discussions also covered the upcoming elections in Iraq and the importance of the ongoing preparations to hold fair and free polls in the country. The President hoped that the elections would provide another opportunity for all Iraqi forces and parties to work together and implement the Constitution and the federal system.
The Iraq-US Strategic Dialogue, the latest political and security developments in Iraq, the challenges facing the country, the threats of terrorism and ISIS operations in Iraq and the wider region, the tasks of the International Coalition in Iraq, the relations of Erbil and Baghdad and other issues of mutual interest were discussed at the meeting.

[shortsqueezer] 30/9/2021 20:11

If that could be guaranteed then my pension can happily look after itself and I can retire a contented, yet Victor Meldrew type, man. In the meantime If we get bought out for a princely sum then I shall spend half of it on wine,women and debauchery. The rest I shall just squander:-)

[nestoframpers] 30/9/2021 20:03

OT NWO global warming is the lever they are trying to use.

[gaisman] 30/9/2021 19:40

GKP referenced 'optimise capital structure' in their last update.So they should. They are hugely 'deleveraged' far too little debt.They can service far higher debt levels very comfortably, have a facility (unused to date) of further $200m of notes, since restructuring 2016, and use the cash to accelerate production.NEVER done that have they ? ??That's because the plan was to sell the company once 1st stage FDP achieved (NOW) , and leave the serious accelerated growth to new owners, probably an IOC consortium as Shaikan is ENORMOUS.Bermuda companies pre public declared sale enter a sales implementation agreement often years before the sale is completed (in public) via a short form amalgamation. No doubt this was the case here , giving approved buyers time too do large scale data analysis of the reservoir pre finalising reserves/deal pricing.So before the sale is announced , why the need to optimise capital structure at all?Because the swapping current cash or further debt( $ 200m facility) , by using it too buyback stock and cancel it , concentrates profits of remaining shareholders hugely.But how do they buy a significant amount without spiking the market price ?They use a proxy, an investment bank(s) to buy stock over a long period, and/or enter agreements way back, with the beneficial owners of major holdings , such as Lansdowne and UBS.The board gave themselves authority by a bye law change " to acquire company shares on any terms they see fit" ..................without telling the market in advance.So expect a major off market buyback announcement soon. Then a short form sale by amalgamation.

[sbb1x] 30/9/2021 19:38

Sweden recently closed two nuclear reactors.Now there's problems with the electricity supply.So Sweden has been forced to fire up a oil power plant that burns 140 000 litres of oil EVERY HOUR.Well done climate change fanatics!?

[gaisman] 30/9/2021 19:36

GKP referenced 'optimise capital structure' in their last update.So they should. They are hugely 'deleveraged' far too little debt.They can service far higher debt levels very comfortably, have a facility (unused to date) of further $200m of notes, since restructuring 2016, and use the cash to accelerate production.NEVER done that have they ? ??That's because the plan was to sell the company once 1st stage FDP achieved (NOW) , and leave the serious accelerated growth to new owners, probably an IOC consortium as Shaikan is ENORMOUS.Bermuda companies pre public declared sale enter a sales implementation agreement often years before the sale is completed (in public) via a short form amalgamation. No doubt this was the case here , giving approved buyers time too do large scale data analysis of the reservoir pre finalising reserves/deal pricing.So before the sale is announced , why the need to optimise capital structure at all?Because the swapping current cash or further debt( $ 200m facility) , by using it too buyback stock and cancel it , concentrates profits of remaining shareholders hugely.But how do they buy a significant amount without spiking the market price ?They use a proxy, an investment bank(s) to buy stock over a long period, and/or enter agreements way back, with the beneficial owners of major holdings , such as Lansdowne and UBS.The board gave themselves authority by a bye law change " to acquire company shares on any terms they see fit" ..................without telling the market in advance.So expect a major off market buyback announcement soon. Then a short form sale by amalgamation.

[sbb1x] 30/9/2021 19:18

I don't understand why people keep banging on about a take over, if GKP gets taken over there is no more easy money trading it.If a take over comes in it won't be anywhere near what people are dreaming about.Let GKP get to 55000bpd and do a buy back of 13 million shares and quarterly dividends of 11p per share.

[sbb1x] 30/9/2021 19:15

We all like gaps..... :)

[sbb1x] 30/9/2021 19:13

Paul has me blocked on twitter :).Just home from watching James bond.Excellent close today, looks like our big trader was buying back looking at the UT.

[nestoframpers] 30/9/2021 19:08

GCM , I have held them for as long as GKP and PXS , nothing from any of them yet ! , my day will come.

[pensioner2] 30/9/2021 18:44

beernut30 Sep '21 - 17:10 - 641753 of 641755
0 10 0
Nice one Pensioner.

Might help Sinopec to push our sale through.

If China doe this they’ll be a lot of other countries following.
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We might even end up with that competitive bidding that Todd keeps going on about. The Yanks won't give them a free run.

[1waving] 30/9/2021 18:19

.
China in need of coal.

Economy|Fossil Fuels - Bloomberg

China’s coal shortage could leave other countries in the dust

China is in dire need of more coal, and it’s willing to pay ‘any price’ to secure more of the world’s dirtiest fossil fuel – which means other countries risk literally being left in the coal dust.

..... China will expand coal procurement at “any price to ensure heating and power generation in winter,” the China Electricity Council said in a statement on Monday. While more than 90% of the fuel the country uses is mined locally, it’s difficult to raise local output at short notice.



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[shortsqueezer] 30/9/2021 17:37

Bit of excitement going on then :-)As an aside. I have him filtered but his moniker normally keeps popping up, yet I haven't seen him for days. That little Tony chap. Perhaps you've forgotten about him already. He had a niece or wife, or both who used to post under assumed names and dance on peoples graves. Came from up north..., Tony ... something 'sick I think. Hope nothing pleasant has happened....

[beernut] 30/9/2021 17:10

Nice one Pensioner.

Might help Sinopec to push our sale through.

If China doe this they’ll be a lot of other countries following.

[highlander7] 30/9/2021 16:58

Another refinery ...what are they all for I wonder ? LOL


Shell is also said to be continuing negotiations with Iraq over the giant Nibras [Nebras] petrochemical plant, which was initially agreed in 2015.

[highlander7] 30/9/2021 16:56

25th September 2021 in Iraq Oil & Gas News
By John Lee.

Shell is reported to be in talks with Iraq to boost Basra Gas Company's capacity.

According to S&P Global Platts, BGC is planning to increase capacity for gas production from 1 billion cubic feet per day (Bcf/d) now to 1.4 Bcf/d in two years; discussions with Shell could see that increase further to 2 Bcf/d.

A statement in May from Iraq's Ministry of Oil said that Iraq will invest $3 billion in BGC over the next five years, increasing gas production capacity from 1 Bcf/d to 1.4 Bcf/d this year, and further to 2.4 Bcf/d by 2025.

Shell is also said to be continuing negotiations with Iraq over the giant Nibras [Nebras] petrochemical plant, which was initially agreed in 2015.

[pensioner2] 30/9/2021 16:52

$80 under siege. I reckon all oil stocks will gap up tomorrow.

[shortsqueezer] 30/9/2021 16:46

Wow. That will put a fire under energy stocks. Thanks for that. Incidentally the name Kooba is a blast from the past. I remember him from way back. Can't recall what stock it was now. Probably Minmet or summat:-)