Gulf Keystone Petroleum Share Discussion Threads

[johnbuysghost] 11/11/2022 11:27

Yeah you're all right, closed at 3.10p in June.

Bloody hell, I've been here too long.

[hangthedj] 11/11/2022 11:22

Chart looks ok to me JB, it was way out a few weeks back but it was sorted.

[meanreverter] 11/11/2022 11:22

According to Yahoo Finance's hourly figures, GKP attained an intraday high of 318.5p at 10:00 on 9 June 2022. So it's not unbelievable that the price momentarily flickered up to 321p around that time. For the previous (fleeting) break above 300p in the daily price, you have to go back to 28 August 2018, when it touched 301p.

[johnbuysghost] 11/11/2022 11:12

The chart is out by quite a margin imo.

The bottom up 100 is missing nearly half of it's box, which is affecting the price points.

[flashheart] 11/11/2022 10:42

Closing price of £3.21 early June 2022.

[fardels bear] 11/11/2022 10:40

302p sometime in June but could have been intraday rather than a closing price.

[johnbuysghost] 11/11/2022 10:37

Not in 2022 it didn't.

[gc321] 11/11/2022 10:36

Err I think you'll find it did go above 3 pounds. 3 pound 21 ish from memory

[nestoframpers] 11/11/2022 10:16

The Ceyhan Oil Pipeline shouldn't be relied on, I can see the Turks getting awkward if the Kurds depend on it too much . I think that is why Erdogan didn't want a corridor of Kurdish enclaves along the Nth Syrian border as a pipeline to Aleppo would be much cheaper for the Kurds.

[beernut] 11/11/2022 09:59

Ceyhan, an essential port for Kurdistan's oil
Kurdistan
oil
2022-11-10 14:49
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A
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Shafaq News/ Official data showed that Iraqi Kurdistan produces about 450 thousand bpd of crude oil.

Speaking at the IBBC annual Autumn conference, held in Dubai's UAE, the Kurdistan Regional Government Cabinet Secretary, Amanj Raheem, said that 452 bpd out of 450 bpd flows through the Turkish port of Ceyhan.

The Kirkuk–Ceyhan Oil Pipeline is Iraq's most extensive crude oil export line. It carries crude oil from the Kurdistan Region for export from Turkey's port of Ceyhan.

Raheem pointed out that KRG regularly pays its financial dues to the oil companies operating in Kurdistan.

Concerning the agreement with the Federal Government on the oil file, the Kurdish official explained that Baghdad's new ministerial program stipulated to "end the pressures on Kurdistan in this file," which is an "essential law for revenue mobilization for both sides."

"We are optimistic about solving this issue in the next six months," he added.

Negotiations are underway between Baghdad and Erbil to resolve the differences, including oil, the fiscal budget, and the Peshmerga deployment in the disputed areas.

During the Government of former Prime Minister Adel Abdul Mahdi (2018-2020), both sides concluded an agreement that requires Baghdad to pay all the salaries of the Kurdistan Region for the first time since 2014. In return, Erbil would deliver the revenue of 250,000 barrels of oil out of nearly 500,000 barrels that Kurdistan exports independently.

Baghdad said Erbil did not adhere to this agreement almost wholly, while the Kurdish Government confirmed that it fulfilled its promises.

Now, with a new round of talks, many future scenarios are posed for the relationship. But hope was raised by forming a new federal government head by Muhammad Shia'a Al-Sudani.

[nestoframpers] 11/11/2022 09:54

I think we will get a Divi before Christmas as the next payment is due Dec 11 or 18th and will be another 45 taking the cash pot to $252Mn , I think we will be getting another $25 announced before then and paid before the 25th . GLA LTHs .

[releasethekraken] 11/11/2022 09:52

A div, + opex + capex needs to come off that..Reckon cash in bank as of now 150-160m.Invoiced for aug/sept/ Oct maybe another 110m..So proforma cash 250m++..Over half mcap..With nov and Dec to add say 80m more..

[nestoframpers] 11/11/2022 09:49

In June 22 the highest price was 271p , the highest close was 255p . ( on the weekly )

[nestoframpers] 11/11/2022 09:45

Cash balance of $112.0 million at 31 August 2022

+ 50 Mn and 45 Mn = $207 Mn in cash

[jackpotjack] 11/11/2022 09:31

I'll sleep better when we have £1.50 per share equivalent in our bank as completely zero risk then OR had back all my investment in Divi (about half way now).If it all folds and GKP dies due to contract drama (very unlikely) will still get a nice chunk of cash back.This company is a gift that keeps giving

[johnbuysghost] 11/11/2022 09:30

Agree Release, it has to be close now but atm the KRG seem happy for GKP to give out it's massive profits as dividends, rather than actually developing the field.

[releasethekraken] 11/11/2022 09:28

'HUGE PREMIUM TAKEOVER TBA IMMINENTLY'.BIGDOG Reiterates - "MY CONVICTION BUY ".FILL YER BOOTS

[johnbuysghost] 11/11/2022 09:27

Just to let everyone know, the chart in the header is wrong. The share price never went above 300p in 2022.

[johnbuysghost] 11/11/2022 09:21

Yes MrWimpy the whole situation is a comedy show.

Reinvesting massive divi's at a low price is very useful though. How long can this last for, as many are making a fortune just from divi's at the moment?

[mrwimpy] 11/11/2022 08:13

$45.3m for July. That's about $544m pa and @1.17 USD/GBP that's about £465m... I'm no analyst but how come our Market Cap is worth LESS than our annual revenue?

[ozzmosiz] 11/11/2022 08:13

Another £38.6m in the coffers

[rogerramjett] 11/11/2022 07:28

More cash sloshing around in the account. How much will they give back to us this quarter ?

$50m ?

Or are GKP keeping some for development ?

[0ili0] 11/11/2022 07:21

💰💰💰

🛢️
29312;💭

[shortsqueezer] 11/11/2022 07:10

Lovely. Another divi looks likely soon.