Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 06/11/2021 05:54

Oilvoice ...

Your problem isn’t our problem was the harsh message delivered by OPEC+ on Thursday at a post-OPEC+ meeting presser.

Referring to the energy crisis soaring energy costs, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman argued that “oil is not the problem”.

Indeed, the energy crisis began with a natural gas crisis that eventually spilled over into coal before snowballing into fertilizer, food, and various other crises as it spread to Asia and throughout the globe.

The Saudi Prince offered the market a solution: focus on the supply of natural gas to Europe and Asia—where the problem originated. This would include the infrastructure that brings the supplies to market.

Some would look at the soaring crude oil and gasoline prices and argue that crude oil is in crisis mode as well. But according to Prince Abdulaziz bin Salman, the double-digit increases in crude oil prices are nothing compared to the triple-digit increases in the price of natural gas and coal.

Today, the OPEC+ group flatly ignored President Biden and the White House’s pleas for more crude production when it lived up to most industry expectations by sticking to its plan to add in another 400,000 bpd of crude production next month.

In retaliation, the White House said it would use whatever tools it had at its disposal to address the energy markets, and lashed out specifically at OPEC+ by saying the group’s inaction implied that it seems “unwilling to use its power to help global economic recovery.”

This has become the mantra of the heaviest oil-consuming countries that have felt the sting of those double-digit price increases, including Japan and India.

But OPEC is still advising caution lest production get too far ahead of demand. “We are not out of the woods yet” Saudi’s Energy Minister said on Bloomberg Television last week.

The United States, Japan, and India would disagree.

By Julianne Geiger for Oilprice.com

[highlander7] 06/11/2021 05:04

Stifling opinion , banning etc is censorship i.e Control. Everyone has a right to be heard and to express an opinion , providing it is done in a reasonably civilised manner. Its called freedom of speech .

Unfortunately that doesnt seem to be the case on LSE ADVFN are not perfect but at least they seem to have some sort of review process.

Both platforms have a filter option.

IMO

Same old , all +ve posters must be stopped. Trolls can post what they like.

[busamitch] 05/11/2021 22:49

CEO of Pfizer arrested?

[nestoframpers] 05/11/2021 22:18

My guess is that Maliki is paying these thugs to disrupt the election . If ever Iraq needed a Covid victim.

ERBIL (Kurdistan 24) – Firebrand Shia cleric Muqtada al-Sadr has canceled a visit to the Iraqi capital of Baghdad as clashes between Iraqi police forces, and supporters of Iran-aligned militias continued into the night on Friday.

Read More: Iraqi leaders call for restraint as post-election violence escalates

Sadr has cut short his planned "visit to the capital, Baghdad, to denounce the unjustified violence and the deliberate weakening of the state," media affiliated with the Sadrist Movement said.

It added that the mercurial cleric calls on his followers to "exercise the highest degree of self-restraint."

The Sadrist Movement was the top winner in the Oct. 10 election, with over 70 seats in the 329-seat legislature, preliminary official results indicate. After a poor showing compared to the previous election cycle, political representatives of Iran-aligned militias have rejected the outcome.

Iraq's Independent High Electoral Commission has been working to resolve official complaints alleging irregularities in the vote. However, a manual recount of nearly 25 percent of all polling stations has reportedly not yielded any significant changes in the outcome.

Echoing concerns about the increasingly tense political and security situation, the United Nations Assistance Mission for Iraq (UNAMI) said late Friday it "regrets the escalation of violence and the ensuing injuries in Baghdad."

"We call on all sides to exercise maximum restraint, for the right to peaceful protest to be respected, and for the demonstrations to remain peaceful," UNAMI concluded in a tweet.

[shortsqueezer] 05/11/2021 19:48

Except he only gets a handful of posts on his pathetic forum per week. Some people live very sad lives. Pitiful it is.

[frenchybannedme] 05/11/2021 19:40

And that will be his red tick, then.

Child.

[frenchybannedme] 05/11/2021 19:18

It will be the gkpinvestor Avatar.

That one delights in banning people.
Gets a real sense of power, no doubt.

[banggone] 05/11/2021 19:10

Bang Gone will try to rise from the ashes on LSEThey aren't gkp haters They are peeps paid to ensure retail are hugely discouraged from holding the most obvious multiple bah takeoverEVER

[shortsqueezer] 05/11/2021 19:04

I don't look in there often nowadays. So many posters with a 'not so' hidden agenda. Can smell them a mile away.

[rhysevs] 05/11/2021 19:01

Absolutely appalling behaviour on the LSE chat board today. Getting posts removed just because the GKP haters disagree with their views. I personally think we are going to be sold for multiples of today's price so go on then get this post removed because you disagree

[attyg] 05/11/2021 17:33

The Brent oil price has closed above $80 for the whole of October and the first week of November.
Similarly, GKP has closed above 200p for the same period (apart from one day when it closed below but jumped back into line the next day).

I take the view that both $80/barrel and an share price of 200p are now solid resistance levels.

I also take the view that we will test both $90/barrel and 220p share price before the end of November.

Furthermore, if GKP follow last year and release a brief operational update around 15 Dec, then we might well challenge 250p before the end of the year.

Predictions are all my own view only, DYOR.

[shortsqueezer] 05/11/2021 17:02

I'd happily accept that for sure :-)

[pensioner2] 05/11/2021 16:58

If it's the last one you ever get on this share, ss, you might take a different view.:-)

[shortsqueezer] 05/11/2021 16:56

Don't like Friday RNSs. Monday would be better :-)

[highlander7] 05/11/2021 16:39

They have till 6pm to issue an RNS.

[highlander7] 05/11/2021 16:25

Malcy ......

Oil price

The oil price will end the week down some four dollars but Opec+ couldnt have wished for a better backdrop to their discussions which have led to the 400/- b/d increase being rolled over. Initially the US inventory stats did it then the WHO who pronounced that cases of Covid 19 in Germany were a ‘worrying resurgence’ and had followed Russia as a 4th wave.

COP 26 continues and as Steve Sedgewick on CNBC this morning noted that anyone concerned with fossil fuels is not welcome at the conference which to a large degree is avoiding the truth.

[k4n4k] 05/11/2021 16:17

🐪🛢️ v 🇺🇲🛢️ v 🇨🇳🛢️

Fight for the Shaikan 🏆

🛢️
29312;💭

🌁↘A039;🚽

🐕🐕🐕🐕8021;🌁Ԁ24;🦓🐆;🦍🦒🪘🪘
29688;👂͜0;️🚽💩

[pensioner2] 05/11/2021 16:17

I'm amazed there haven't been big trades going through here today. Maybe there just isn't the free stock around? because there's definitely something big going on behind the scenes.

[grafter] 05/11/2021 15:21

China has been expanding its influence across oil fields in Iraq ever since the U.S. signalled that it wanted to reduce its role in the Middle East (and elsewhere, such as Afghanistan) in order to avoid fighting 'endless wars' in the region.
While it was dealing with the volatile Trump, and in the midst of a highly sensitive Trade War with Washington, Beijing sought to achieve this by avoiding headline-grabbing large-scale deals for exploration and development contracts for big oil fields and instead secured multiple 'contract-only' awards for a series of obscure Chinese engineering and services firms, many of which no one had ever heard of before - OP

[hydrocarbon1] 05/11/2021 15:14

Next OPs update will clear things up I feel.

[hydrocarbon1] 05/11/2021 15:04

Since you persist. As an investor in GKP at present time the flaring situation does not concern me in the least. It is something which is being addressed and has no quick fix. Nothing abnormal here compared to other oil/gas producers. I personally do not believe GKP will be attending to the facilities etc needed to deal with/sell the gas and I am quite optimistic that I will have again sold my GKP shares at a handsome profit prior to these events.


"In order to increase the amount of oil production the enhanced oil recovery (EOR) techniques based on gas re-injection or gas injection are used. The oil and gas mixture produced from oil fields is separated into oil and gas components at the processing facilities. The gas is recompressed and re-injected again and again until as much oil as economically feasible has been produced from the oil field. Today competent vendors are capable of manufacturing re-injection centrifugal compressors of discharge pressures more than 900 Barg for compression of extremely sour gas (above 20% H2S)."

Or sell the gas.

[highlander7] 05/11/2021 15:04

"developing shaiCON is beyond their capabilities."


Correct BD ,as experts on here have been telling you for years. The only question now - is it the yanks or the Chinese ?

H7

[banggone] 05/11/2021 15:00

Actually doing him an injustice,typo 29,162 buy signals from CONDOG