Gulf Keystone Petroleum Share Discussion Threads

[beernut] 04/11/2021 12:10

From a Genuine on Lse.

nufc9
Posts: 216
Price: 203.50
No Opinion
From Genel's RNSToday 10:20
"Ongoing constructive engagement with the MNR regarding our oil operations, coupled with their recent communication urging the industry to increase production, means that we hope to see increased speed of approvals for all operators, facilitating more efficient operations and supporting production rises in the near future."

Bodes well for our imminent FDP submission.

[goatcam] 04/11/2021 10:53

Probs a mix of a bounce from yesterdays poor performance, as well as the widely reported news that opec will stick to the planned 400,000 raise in production.

[pensioner2] 04/11/2021 10:48

Brent rallied $2 over a 4 hour period. Traders must be expecting bullish news from OPEC+ meeting later.

[habshan] 04/11/2021 10:18

(Sharecast News) - Genel Energy hiked its interim dividend by 20% on the back of rising oil prices and burgeoning cash flow.

[pensioner2] 04/11/2021 10:01

Looking at the pound's progress, it looks as though the City reckon there'll be no rate rise so another 50m divi would produce about 18p/share..

[goatcam] 04/11/2021 09:56

Ok thanks. With the oil price where it is... you would think the KRG would be raking it in. They should be paying within 30 days not over 60!

[pensioner2] 04/11/2021 09:43

No. It's the same as it was last month. The KRG pinched an extra week or so about 3-4 months back.

[goatcam] 04/11/2021 09:35

so, are we expecting GKP to announce today with the payment RNS that the payment terms have now gone from 2 months to 3 months...?

[highlander7] 04/11/2021 09:24

.But at the same time the MNR make testing the wells more difficult.. in same RN


Whats the issue ? Well tests are pretty infrequent and it means they will have to hire tanks to flow the fluid to - as opposed to burning it. More expense but not a lot in comparison with the Hiring of the Well test kit and Crew.

H7

[pensioner2] 04/11/2021 09:23

It looks as though 520 is right this time, goatcam. The bots seem to be turned to up.

[goatcam] 04/11/2021 09:00

“ despite the expected industry-wide reversion to payments three months in arrears by the Kurdistan Regional Government ('KRG')”

Erm... what the hell does that mean ? Our payments will go from 2 months in arrears to 3 months ?!

[officerdigby] 04/11/2021 08:52

And this which bodes well for our FDP approval:-

"Ongoing constructive engagement with the MNR regarding our oil operations, coupled with their recent communication urging the industry to increase production, means that we hope to see increased speed of approvals for all operators, facilitating more efficient operations and supporting production rises in the near future."


..But at the same time the MNR make testing the wells more difficult.. in same RNS

"The Sarta-1D well is drilling ahead in the reservoir section with testing expected early in the new year,now via the production flowline, in order to accommodate the recent industry-wide directive from the Ministry ofNatural Resources ('MNR') prohibiting the burning of oil during well test operations. Sarta-1D addition to the production stream is expected in Q1 2022. The Sarta-5 well is set to enter the primary reservoir objectives imminently and testing will take place in Q1 2022 once the appropriate equipment is in place to comply with the MNR's well testing directive."

This change of testing protocol and the leaving of S13 during the pandemic are possibly two contributory factors to why there is now results.

The other is it is dud well.

[goatcam] 04/11/2021 08:47

Payment RNS has just been logged....

Expect release any second

[shortsqueezer] 04/11/2021 08:02

They are going to take a pounding today

[pensioner2] 04/11/2021 08:01

So, if there's no interest rate rise today, experts reckon the pound could drop by 10%, which would push up the next dividend by 10%.

[habshan] 04/11/2021 07:34

Shamaran paid.

ShaMaran August 2021 Payments Received
November 3, 2021

VANCOUVER, BC, Nov. 3, 2021 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market (Sweden): SNM) confirms receipt of payment for the August 2021 Atrush sales and entitlements at $32.1 million ($11.8 million net to the Company).

[highlander7] 04/11/2021 05:12

"But highlander7 you post here under several avatars and again over on another bb with at least the surryscot monicker so wouldn't it be fair to say you've got a far bigger mouth?"

I dont have multiple avatars on here Sarah , so provide the evidence for this nonsense and I dont go around calling other posters "morons" and "suckers".

"I've been asking recently for your value of the company and an explanation how you reached the number but alas you've not provided it"

I dont recall that post Sarah but in any case I explained to you often enough that the complex subject of valuing oil assets is not my area of expertise. However over the years various old industry sources have done that for me. The most recent was around £18-£25 based on an OP of ~$55 and the current CPR (I forget the risk factor he used) but in any case I imagine thats higher now with the recent OP.

As for the complete nonsense that the Chinese were using Shaikan for an Academic Study. Were that true they would pick one of the Oil fields in China rather than going to all the expense (and risk) of moving academics and industry experts to Kurdistan which I believe was a war zone during this period.

You are totally clueless


H7

[busamitch] 04/11/2021 02:10

The original is here:



No liability. And the death rates by batch number are somewhat alarming. As are the limiting of batch numbers by country and penalties levied by the manufacturer on the country! Here is a Euro contract...



This MEP gets it:

[nestoframpers] 03/11/2021 23:35

A cracking finish for investors in GKP will be a great advert for the KRI, the Yanks and Chinese know whats there so it wont go cheap.

Zorsupas used to crack me up. 499674

[pensioner2] 03/11/2021 22:26

That's a classic you've posted in 644499, Muttley. You reckon a Chinese commercial outfit spent about a year and umpteen millions doing an academic survey in which they had no interest??? Altruism must be how they've hauled themselves up to be number one rival to the US.