Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 15/11/2021 11:17

Keeping an eye on oil dropping and Gkp following it down, might be am entry around 188.

[1waving] 15/11/2021 11:14

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DAILY MIRROR

EXCLUSIVE: Tory minister Nadhim Zahawi pockets fortune from second job at oil company

EXCLUSIVE: Zahawi banked £1.3million from an oil company, which included a final £285,000 “settlement payment” after he first became a Government minister in 2018

Tory minister Nadhim Zahawi has been able to keep his total second job earnings hidden

ByTom PettiforNick SommerladInvestigations Editor
21:02, 14 Nov 2021

Tory minister Nadhim Zahawi banked £1.3million from an oil company while working as an MP, but he has been able to keep his total second job earnings hidden due to a Parliamentary loophole.

Mr Zahawi’s total earnings from Gulf Keystone Petroleum included a final £285,000 “settlement payment” after he first became a Government minister in 2018.

Mr Zahawi was co-chairman of the All-Party Parliamentary Group on Kurdistan in 2015 when he landed the job with Gulf Keystone, which has an oil field in Kurdistan and which paid him more than £1,000 an hour.

His Gulf Keystone income was declared in his register of interests, but his total second job earnings are not known thanks to Parliamentary rules allowing him to advise companies through Zahawi & Zahawi Ltd, a consultancy he set up with his wife.

Mr Zahawi did not respond to a request for comment.

But Sir Alistair Graham, a former Chairman of the Committee on Standards in Public Life, said: “This could be interpreted as a deliberate attempt to get around the rules so that he doesn’t have to admit the scale of his earnings in a consultant capacity............ Continues





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[k4n4k] 15/11/2021 09:37

🛢️
29312;💭

🤔

ALTERATION OF CAPITAL 49.

The Company may from time to time by Resolution:

49.1 divide its shares into several classes and attach thereto respectively any preferential, deferred, qualified or special rights, privileges or conditions;

49.2 consolidate and divide all or any of its share capital into shares of larger par value than its existing shares;

49.3 sub-divide its shares or any of them into shares of smaller par value than is fixed by its memorandum, so, however, that in the sub-division the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from which the reduced share is derived;

49.4 make provisions for the issue and allotment of shares which do not carry any voting rights; 23

49.5 cancel shares which, at the date of the passing of the Resolution in that behalf, have not been taken or agreed to be taken by any person, and diminish the amount of its share capital by the amount of the shares so cancelled;

and 49.6 change the currency denomination of its share capital. Where any difficulty arises in regard to any division, consolidation, or sub-division under this Bye-Law, the Board may settle the same as it thinks expedient and, in particular, may arrange for the sale of the shares representing fractions and the distribution of the net proceeds of sale in due proportion amongst the Shareholders who would have been entitled to the fractions, and for this purpose the Board may authorise some person to transfer (or, in the case of shares for the time being in uncertificated form, to take such other steps in the name of the holder as may be necessary to transfer) the shares representing fractions to the purchaser thereof, who shall not be bound to see to the application of the purchase money nor shall his title to the shares be affected by any irregularity or invalidity in the proceedings relating to the sale.

[pensioner2] 15/11/2021 07:49

A £204k delayed buy? All quite normal stuff for a busted flush.

[elbigbear] 14/11/2021 22:51

The filthy animals just can't stay away from a free BB.

[nestoframpers] 14/11/2021 18:05

Restructure was Oct 2016

[jackpotjack] 14/11/2021 17:35

I think a lot more shares in distribution back then.

[pensioner2] 14/11/2021 15:30

Talking about making things up, Muttley. Where's your evidence that there's no market for Shaikan's heavy oil? Are these payments just largesse from the MNR?

[banggone] 14/11/2021 13:56

Ask KimbersCHEVRON mulled an indicative offer of 24 quid per share in 2017.Knocked back by the board.

[batfarrell1967] 14/11/2021 13:56

Thanks Nest,
So not really £24 per share then but an offer nonetheless
Cheers

[nestoframpers] 14/11/2021 13:49

£5.4 Bn , of course they rejected it , or would have rejected it if it were real ( no evidence but heresay). 5.4 is a tad more than the Wempens valued it at in 2010 , or should I say the Wempen's backers.

[bigdog5] 14/11/2021 13:40

Constable thicko you really have no clue about how the BH's got the company.

You also prove you're oblivious to the "influence" the Insti's and hosts have on it. So don't bother trying to score points and posting up stuff that isn't there just like h7 is famed for. Looks like you're related to that clown.

[batfarrell1967] 14/11/2021 13:38

Hi Bangone,
I don’t remember that……I must have missed this. Where can I find information to support this?
Thanks

[banggone] 14/11/2021 13:27

CHEVRON mulled an indicative offer of 24 quid per share in 2017.Knocked back by the board.

[bigdog5] 14/11/2021 13:23

"And there's the CEO's dilemma, Insti's and hosts, how to keep them both happy."

Who apart from you constable thicko has written "the BH's have to keep them happy..."?

[nestoframpers] 14/11/2021 09:53

In September, Dana Gas and Crescent Petroleum signed a financial agreement with the United States to expand production at the Khor Mor natural gas field, expected to be operational by April 2023.

[nestoframpers] 14/11/2021 09:32

ERBIL, Kurdistan Region - Dana Gas on Sunday reported record profits for the first nine months of the year, driven by higher oil prices and increased payments from the Kurdistan Regional Government (KRG).

The UAE-based Dana Gas reported a “record net profit of $279 million,” compared to a loss of $379 million over the same period the year before from its operations in the Kurdistan Region and Egypt. It attributed the increase to higher oil prices, improved production, and repayment of debts from the KRG.

[shortsqueezer] 14/11/2021 05:33

Climate change talks end in agreement to reduce coal use. Oil and gas producers off the hook for now. Expect lots of M and A activity very soon.

[officerdigby] 13/11/2021 22:14

the BH's converted at, what was it, 80p into SH's and II's.

Through holding their converted shares they made off with ~60p in divis and the shares they hold are now worth £2.00.


So you think the old BHs control GKP and GKP owes them.?

Why? Is not a >300% return enough for them?

[bigdog5] 13/11/2021 21:50

Bigdog,

"the BH's have to keep them happy..."

"LOL they converted at 80p
They have so far had ~60p+ in divi's

And the share price is £2.00 WTF are you talking about".


Try reading again what I posted constable before commenting as it appears you've made up something completely different. Just like h7 is well famed for.

A relation of his perhaps?

[officerdigby] 13/11/2021 17:25

Bigdog,

"the BH's have to keep them happy..."

LOL they converted at 80p
They have so far had ~60p+ in divi's

And the share price is £2.00 WTF are you talking about.

Not happy!?