Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 09/12/2021 09:15

Rudaw

ERBIL, Kurdistan Region - The Kurdistan Regional Government (KRG) exported a total of nearly 80 million barrels of crude oil in the first half of 2021, collecting a net $1.7 billion, according to audited data published by the KRG on Wednesday.

The report, which covers January 1 to June 30, shows that the KRG exported 77.35 barrels of crude oil through its pipelines - of these, 76,869 million barrels were lifted by buyers from Ceyhan Export Terminal in Turkey. The average price of each barrel was $53.446.

“The KRG has generated revenues of USD 4.1 billion from crude oil export sales during the first half of 2021. After making payments to oil producers, pipeline operators, and repayments to the buyers, the KRG retained net revenues from crude oil sales of US$ 1.737 billion,” read the report.

The data was audited by Deloitte.

“The KRG has engaged in discussions with international buyers and oil producers in continuing its efforts to maximize sales prices and reduce production costs to maximize value for the people of Kurdistan,” said the government in a statement which accompanied the report, adding that it acknowledges the positive feedback received from domestic and international stakeholders.

There are 52 oil blocks in the Kurdistan Region, 16 of them are in production and 15 are in exploration phases. Over 30 international and local companies are working in the sector. Many of the contracts were signed with prepayment schemes and the Kurdistan Region owes a large amount of money.

In late June, the Council of Ministers Secretary General Amanj Raheem told parliament that the KRG owes around $4.3 billion to oil companies. The government has also said it inherited a $28 billion debt from the previous administration.

Kurdistan Region's Minister of Natural Resources Kamal Atroshi in late June attended a parliamentary session to answer questions about the government's finances. He said at the time that 40 percent of the money from oil sales is spent to cover oil sector costs - 20 percent for production costs, 14 percent in payments to international oil companies, and around six percent for transportation.

The KRG's biggest expense by far is its payroll and it has struggled to pay its employees in full and on time for several years because of several factors including budget disputes with Baghdad and low oil prices during the coronavirus pandemic.

The amount of money that the Kurdistan Region’s finance ministry collects from oil revenues is around a third of what it should be receiving, Rewaz Fayaq, speaker of Kurdistan Parliament, told reporters late last month.

“When you think of oil revenue, the amount that enters the finance ministry is not natural, it is $350 million, but when you calculate it is around $900 million,” she said, adding that “Not everything enters the finance ministry.”

[nestoframpers] 09/12/2021 09:09

When the buy back begins the share price is going to have to climb , a lot.

[pensioner2] 09/12/2021 08:10

No auction. That's very strange. Maybe they really have run out of stock. :-)

[banggone] 09/12/2021 08:09

Huge spread LOLOLOLOL

[frenchybannedme] 08/12/2021 20:41

Ah, I see the Witless One has been let out for their monthly seethe.

Obviously a psychopath, but trying to disguise it this time with smileys.


Doesn't work, fella, you are one seriously disturbed individual.

[pensioner2] 08/12/2021 19:10

It looks as though it might be news tomorrow. They obviously wanted to get those trades through before it hit. imo. And, if that's the case, it would imply the news will be good. :-)

[nestoframpers] 08/12/2021 19:02

Mid Oct POO $84 to Dec 3 $69 , GKP's share price just following POO , there just happened to be a big order in or was it all design ? !

[banggone] 08/12/2021 18:46

Worked orders of 484,000Taken weeks

[goatcam] 08/12/2021 18:43

I’m not sure if they were in market purchases ? Maybe a transfer or something similar?

[pensioner2] 08/12/2021 18:37

It was pretty obvious they were holding it down for some big orders but it's taken them weeks to collect that 900k. We might now see it start to gain some momentum.

[goatcam] 08/12/2021 18:07

LOL bigdog thinks he’s rattling people’s cages when in fact it’s the opposite... I’m sitting here with a nice smile on my face while I await further dividends. “Stupid numbers”?? I need £3.50 a share and I’ve made £500k profit. I think you may be fighting an invisible enemy bigdog. Aimlessly Punching in the dark comes to mind.

[bigdog5] 08/12/2021 18:02

Its all too easy to do it Kurdman.

It would seem that the clueless rampers ignore how stupid they look for coming on here 24/7 for 10 years and embarrassing themselves by continuing to ramp the share believing in the out of date and irrelevant data from the Kozel years.

They just don't get that no one will pay their stupid numbers for oil that hasn't been proved.

But prod them and they dance like muppets on strings:-)

[goatcam] 08/12/2021 17:31

Two £900k buys gone through at 187!? Tbf doesn’t look like an actual trade buy tho... probs a transfer or something

[officerdigby] 08/12/2021 16:59

Hey Kurdy, how's the short.and the tips sites that has GKP as a short?


Have they stopped now you've closed, or perhaps they never existed or were they just goatcam paid punter site?

Thanks

[goatcam] 08/12/2021 16:25

The backup has arrived LOL

[kurdman63] 08/12/2021 16:19

Looks like someone's cage has been rattled 😂

[goatcam] 08/12/2021 14:18

"I just come here to mock your stupidity"

Wouldn't you agree that's a very very bizarre thing to do, multiple times everyday? Its actually a bit embarrassing admitting that. Do you know of anyone else who does that on any other board with any other company? If you had anything better to do with your time then surely you would be doing it, not wasting your own time on an online chat board....Its not 'normal' behavior mate... might wana get yourself checked out.

[goatcam] 08/12/2021 13:15

bitter bigdog's lost a fortune on GKP. Cant move on