Gulf Keystone Petroleum Share Discussion Threads

[beernut] 13/12/2022 16:07

The Iraqi government approves sending the employees' salaries to Erbil
Kurdistan
Breaking
Baghdad
Salaries

2022-12-13 15:33


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Shafaq News/ As part of the agreement between the Kurdistan Region and Baghdad, the Iraqi government approved sending 400 billion dinars to finance the employees' salaries.
A source told Shafaq News Agency that the federal government would send the funds for November and December salaries.

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Negotiations are underway between the two sides 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.
In May 2020, the former PM Mustafa Al-Kadhimi decided to stop paying the salaries of the Region's employees, amounting to nearly 500 million dollars per month, due to the financial crisis.
Consequently, the Region's senior officials, including President Nechirvan Barzani and Deputy Prime Minister Qubad Talabani, visited Baghdad frequently to find solutions, but to no avail.
Another part of the disagreement is the disputed areas.
The Iraqi army forces regained in October 2017 control of the Kirkuk Governorate and the disputed areas, extending across a strip starting east from Diyala, passing through Saladin, and reaching southwest of Nineveh.
The Iraqi Kurdistan used to keep control over all those areas after the collapse of the Iraqi army in 2014 following the attack by ISIS.
Since 2017, security in Kirkuk and the disputed areas has been maintained through multiple federal forces, including the army, the federal police, the counter-terrorism service, and Popular Mobilization Forces.
An announced agreement between Baghdad and Erbil stipulated that four joint security centers be formed in the disputed areas in Kirkuk, Diyala, Makhmur, and Mosul, to cover the vacuum areas between the army and the Peshmerga to prevent ISIS activities. However, the agreement is now suspended, and both sides accuse each other of a lack of responsiveness.
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.

[highlander7] 13/12/2022 15:55

Boomberg................

Biden nearly got oil down to $60: last week, the White House drained 4.7 million barrels from the SPR the largest weekly release since early October.

[jack ladd] 13/12/2022 15:40

Brent now 80+

[nufc9] 13/12/2022 14:59

Iraqi government approves of sending 200 billion dinars to Kurdistan Region


After PM Barzani's negotiations with Iraqi Premier Mohammed Shia' Al Sudani, the Iraqi Prime Minister approved sending 200 dinars to the Kurdistan Region.

The Iraqi Council of Ministers on Tuesday approved to send of 200 billion dinars to the Kurdistan Region for the months of November and December 2022.

After PM Barzani's negotiations with Iraqi Premier Mohammed Shia' Al Sudani, the Iraqi Prime Minister approved sending 200 dinars to the Kurdistan Region.

An informed source from the Iraqi Council of Ministers told Kurdistan 24 that in the official meeting of the Iraqi Council of Ministers, Fuad Hussein, the Iraqi Foreign Minister, proposed that the 200 billion dinars be spent for November and December.

The source said that out of 23 ministers in the Sudani’s cabinet, only two ministers did not vote in favor of sending 200 billion dinars to the Kurdistan Region.

The Kurdistan Regional Government (KRG) delegation has been in Baghdad for two days to held meetings with the Iraqi Ministry of Oil and Finance in order to resolve the budget and oil issues.

[thebabe] 13/12/2022 14:06

Payments last 2 months 11th and 18th respectively.
OPs update 2021 17th and 2020 15th
very likely news this week

[nestoframpers] 13/12/2022 13:46

Payment due about now . Update on Sh 16 too , might as well announce another divi I reckon. You know you want to Jaap.

[thebabe] 13/12/2022 13:24

Sold before Christmas :)
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"BIGDOG re -iterates CONVICTION BUY RECOMMENDATION
#GKP will announce sale this week.
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YOU CAN TAKE THAT TO THE BANK."

[bigdog5] 13/12/2022 13:09

Has Mr Carroll worn out some of his avatars and has invented more?

That's desperation for you innit.

2p and down from £4.60 after 10 years must be the reason:-)

[bigdog5] 13/12/2022 13:05

Being controlled Mr Carroll? Who is doing that and for 9 years as you morons keep telling your fellow suckers. No one is interested.

Doesn't need to be much more than £2 Nufc. As I've said, there needs to be a material downgrade to the CPR numbers based on the water found. Any premium is a movable event.

Then of course there's all the unknowns of how any oil law would impact the hosts because you suckers can be sure of one thing, the hosts always look after themselves.

Also what you try to ignore is why no one was interested when the share price was 60p and not just me, Nufc:-)

Happy to help as always.

[beernut] 13/12/2022 12:33

PM Barzani: a fair deal in the 2023 budget is a "good beginning" for resolving Baghdad-Erbil disputes
Kurdistan
Masrour Barzani
Ambassador Of The European Union

2022-12-13 11:58


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Shafaq News/ The Prime Minister of the Kurdistan region, Masrour Barzani, and the Ambassador of the European Union (EU) to Iraq, Ville Varjola, discussed the reforms in the region's banking sector in a meeting in Erbil on Tuesday.

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According to a readout issued by his bureau, Prime Minister Barzani discussed with his guest the Kurdistan Regional Government (KRG) reform program, the Erbil-Baghdad relations, and an array of issues of mutual interest.
During the meeting, Prime Minister Barzani welcomed the new head of EU Delegation –Erbil Liaison Office– Torkild BYG, who attended the meeting.
Barzani congratulated the new envoy and wished him success in his mission, the readout said.
The meeting touched on reforming the banking sector in Iraq's region of Kurdistan and the prospects for cooperation with the EU in this domain, the readout noted.
They also highlighted developing the coordination between the EU and the Kurdistan region, particularly in the ongoing KRG reform program toward economic diversification.
On the disputes between Baghdad and Erbil, Barzani said that finding common ground on the region's share in Iraq's 2023 federal budget might be a "good beginning" in the direction of resolving them fundamentally.

[beernut] 13/12/2022 12:30

Nice one Nufc

[intrinsic1] 13/12/2022 10:12

Look at the change in MACD past 2 months SP being held .HTTPS://twitter.com/111notout1/status/1602578532198121472?t=TYVvY5jgpQfHt2ONmx2REQ&s=19

[intrinsic1] 13/12/2022 10:00

Being controlled pre takeover RNS

[sbb1x] 13/12/2022 09:57

Who keeps tapping tge bid to bring the price down

[shortsqueezer] 13/12/2022 07:37

Not a good RNS from genl

[sbb1x] 13/12/2022 05:52

Brent looking better above 79

[nestoframpers] 12/12/2022 21:47

For anyone who thinks green energy is helping Neil Oliver will put you straight.

[gazebo79] 12/12/2022 21:44

Thats a very precise figure.

[johnbuysghost] 12/12/2022 20:35

GKP is worth at least £101.64p per share.

Everyone knows it.

[sbb1x] 12/12/2022 20:25

U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00 PCT

[nufc9] 12/12/2022 17:55

“Then, with an asset value of £1.50 (1.5p) plus cash at bank and a premium the consolidation value wouldn't need to be much higher than £2ps.”

Well cash in bank + money owed is about £1.08 per share. Plus your £1.50 asset price... adds up closer to £3 than £2.... basic maths bigdog, and that’s without your ‘premium’;

[intrinsic1] 12/12/2022 17:39

Me too.....Agree with this strategy.