Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 18/7/2022 11:05

It also frees GKP from any conditions in the bond's terms which may have been restricting actions by the bod. I think, as previously, that it is the start of some corporate action. What - we'll have to wait and see.

[urchin1] 18/7/2022 11:05

Many thanks for the reply.

[nufc9] 18/7/2022 11:03

Early redemption saves about 8 million in interest I believe.... I think that's what I read from someone somewhere so don't quote me on that. But it will save us some dosh by paying it off early.

It might also help save some paperwork during the takeover if the outstanding bond is already paid by GKP.

[howard smith] 18/7/2022 11:03

Means gkp will be debt free so has to be good

[urchin1] 18/7/2022 11:01

In layman's terms - what's this bond redemption all about?Is good or bad for us shareholders?

[nufc9] 18/7/2022 10:57

Who's the person giving the thumbs down to that bond redemption post? Come on own up....

[nufc9] 18/7/2022 10:53

Gulf Keystone Petroleum Ltd. (LSE: GKP)

(“Gulf Keystone”, “GKP” or “the Company”)



Bond Redemption Notice





Further to Gulf Keystone’s recent announcement of its intention to call the outstanding $100 million bond, the Company confirms that today it has sent a written notice to Nordic Trustee AS, the trustee for the Company's bond with ISIN NO 001 0828106, that it will be exercising its call option and redeeming the bond. Key information is as follows:



Issuer: Gulf Keystone Petroleum Ltd.

ISIN of bond: NO 001 0828106

Date of redemption: 2 August 2022

Redemption amount: $100 million

Outstanding bond amount after redemption: Nil

Redemption price: 102.0 per cent. of the nominal amount, plus accrued interest.



The Company will provide an update once the bond redemption is complete.

[nestoframpers] 18/7/2022 09:33

Yes , BBBS - " greater Shaikan 100 Bn Blls".

GRH1 would go on about the platonic shifts from Saudi to KRI , so why wouldn't there be a 100 Bn Bll super field ?

[0ili0] 18/7/2022 09:05

Filled to spill 🛢️
28738;️ԇ38;️🛢️🛢5039;🛢ᥧ9;🛢️

[sbb1x] 18/7/2022 08:35

GP to fill @237

[pensioner2] 18/7/2022 08:34

1/2m in 1/2 hour and up 3.7% is a promising start.

[beernut] 18/7/2022 08:22

From Lse

Kurdistan Region is America's largest partner in security and energy:Today 00:30
hxxps://www.kurdistan24.net/en/story/28965-Kurdistan-Region-is-America%27s-largest-partner-in-security-and-energy:-Matthew-Zais

Kurdistan Region is America's largest partner in security and energy: Matthew Zais
author_image Mustafa Shilani
2 Hours

Matthew Zais, former assistant to the US Secretary of Energy and the current vice president of KHN. (Photo: ENERGY.GOV)Matthew Zais, former assistant to the US Secretary of Energy and the current vice president of KHN. (Photo: ENERGY.GOV)Middle East Iraq Kurdistan United States Iran Energy Security
ERBIL (Kurdistan 24) – Matthew Zais, former assistant to the US Secretary of Energy and the current vice president of KHN, said that the Kurdistan Region represents the largest partner of the United States in terms of security and energy, calling on Washington to use its diplomatic tools to preserve its interests in the region.

The call came in an article written by Zais - who previously served as the first deputy assistant in the Office of International Affairs in the US Department of Energy - on the website ‘Real Clear Energy’, which specializes in analysis in the field of energy.

Zais highlighted US interests in the Middle East, noting that they are still being attacked by Iranian-backed groups.

The author cited the attacks carried out by Iraqi militias in recent weeks on the largest gas facilities in the Kurdistan Region, which are "partially funded" by the US government.

He also said “Iran isn’t relying just on its Iraqi militias to attack Kurdistan’s energy sector. It has also effectively weaponized Iraq’s courts to prevent a new government in Baghdad from forming without Iranian-backed parties.”

“In doing so, its long-term aim is to reverse Iraqi federalism and financially strangle Kurdistan’s energy sector. So far, the strategy is working: Iraq is without a government 10 months after national elections, and its ministries and courts are unhindered from a constitutionally seated government,” he added.

Zais explained that recently, Iraq’s commercial court ruled that contracts between the Kurdistan Regional Government and four American and European international oil companies are invalid, a move that threatens almost 200,000 barrels of Kurdistan’s 450,000 barrels of exports per day.

Zais pointed out that “UAE and Russian companies, including Rosneft and Gazprom, have been spared any legal challenges. The same is true for international companies that Baghdad seeks to retain in southern Iraq, such as Total and Chevron. Iraq also recently blacklisted key service companies operating in Kurdistan, including Haliburton and Baker Hughes; Exxon is the latest “super major” to exit Iraq, where contract terms don’t justify future investment and are some of the worst in the world.”.....................

[thebabe] 18/7/2022 08:13

Haven't seen any report rgds "court" yesterday.I'm wondering if the Chinese have learnt on Baghdad to not legally challenge ADDAX SHAMARAN GKP contracts?They have left total chevron and the Russians out already .

[sbb1x] 18/7/2022 08:09

Up she goes..

[sbb1x] 18/7/2022 08:07

Dividend money going in 220s incoming

[nestoframpers] 18/7/2022 08:07

Big buys straight off today

[fardels bear] 18/7/2022 08:06

Not Lord Denning? Late Master of the Rolls?

[sbb1x] 18/7/2022 08:04

Flying this morning 220s incoming

[shortsqueezer] 18/7/2022 08:02

Nice delayed 300k from Friday:-)

[eddie47] 17/7/2022 23:23

Denning's sacking was not before time.

[0ili0] 17/7/2022 23:19

Denning still with the Haddeo Land?

I remember when Baghdady oil men used to crawl all over linked in. The good old days 😉

[nestoframpers] 17/7/2022 22:34

It seems like I have been reading similar articles for 13 years OAP, if the USA mean it then they have to show that , they are always on the back foot.

[tygarreg] 17/7/2022 21:55

It's a nice bonus that we get more pounds to our dollar dividends. It's also a nice bonus if share price stays low for the dividend reinvestment period!!!

[pensioner2] 17/7/2022 21:55

If Biden means what he says re Iran then this article is interesting reading:

[eddie47] 17/7/2022 21:51

Should read as 'the disgraced Mark Denning'. Capital Group - which manages almost $2 trillion of assets - said Mr Denning was no longer with the firm."We have a Code of Ethics and personal investing disclosure requirements that hold our associates to the highest standards of conduct. When we learned of this matter, we took immediate action," it said.Fund managers are not supposed to invest in the same companies as their funds, because they could potentially profit at the expense of investors.