Gulf Keystone Petroleum Share Discussion Threads

[theythinkitsallover] 16/10/2023 19:40

“They've had fourteen years and have done zero. Explains everything“

Christ almighty it’s been explained to you many many times and yet you still get can’t it in your thick head…..

[doctortakeover] 16/10/2023 19:18

Shaikan is the largest land based fossil fuel discovery for decades.The oil and gas resources are huge , even based on the current ( subset of field ) CPR.CNPC petro-physicists who have had access to both field pressure data and core samples believe the field could have far higher porosity and hence far higher reserves than is currently the case.The notion that the Seven Sisters would have no interest in acquiring GKP is ludicrous.So what valuation would a legitimised GKP have?Several billion dollars of course , many many multiples of todays SP

[doctortakeover] 16/10/2023 19:16

They may have just slipped under .50 % threshold at which point they no longer reportedCould still be .49% or less.Who cares....

[bigdog5] 16/10/2023 19:12

"The notion that the Seven Sisters would have no interest in acquiring GKP is ludicrous.<..."

They've had fourteen years and have done zero. Explains everything.

And fourteen years of ramping BS explains why Carroll should seek help and not from the Doctor as she would be talking to herself.

[r9505571] 16/10/2023 18:47

Disappeared from LSE too. Total short now 1.71%

[doctortakeover] 16/10/2023 17:52

Yep I reckon they making 400k a day on local sales now at full prodn imo

[ozzmosiz] 16/10/2023 17:17

not for GKP :)

[doctortakeover] 16/10/2023 17:04

The loss of revenue is 35 m a day ...

[sniff_the_tip] 16/10/2023 16:53

Qube Research & Technologies Limited short has disappeared from Shorttracker....

[highly geared] 16/10/2023 16:42

From the recent RNS:

Since closure of the export pipeline and subsequent commencement of local sales on 19 July 2023, gross average monthly local sales of Shaikan crude have steadily increased: c.4,900 bopd in July, c.17,200 bopd in August and c.28,800 bopd
between 1-24 September. Realised prices have continued to average around USD30/bbl, in line with local market pricing.

Following recent agreements with buyers, GKP has ceased trucking operations and is injecting all crude sales into the pipeline for transportation to a local refinery in Kurdistan. The Company is receiving advance payments into its UK
bank account for its net entitlement of 36% of gross sales revenue.


Current local sales volumes and realised prices enable GKP to more than cover its estimated monthly costs of around USD6 million in H2 2023, while strengthening its financial position. The Company remains focused on preserving liquidity and continues to explore opportunities for further cost reductions.

Gross average sales are currently c.33,000 bopd and GKP is striving to increase sales volumes while prudently managing the start-up of wells that have been shut-in for several months and avoid traces of water.


So, unless any new arrangements with ICG/SOMO materially improve on the above arrangement's , there is no rush to start pumping oil into the export pipeline. There's also the matter of the agreed arrangements with local refineries to "unpick" which means any new deal with ICG/SOMO/KRG has to be sufficiently watertight and materially better than the current arrangements.

Logic suggests the ICG/KRG will have to "blink" first... and they will have to blink soon as an empty pipeline and $1 million daily losses aren't politically or economically expedient.

[pittcock] 16/10/2023 16:32

If no breakthrough this month re apikur then I would expect a GKP update at the end of the month regarding local sales.

[ptmorris1] 16/10/2023 16:09

/ Looks for "clutching at straws" emoji / :-)

[shortsqueezer] 16/10/2023 16:04

Perhaps they've added a pipe link during this lull :-)

[1waving] 16/10/2023 14:55

.
Vallesina, currently 7m draught, is on the West side of the Southern terminal and Aegean Power, currently 8m draught, is on the Eastern side, both right at the end of the Southern terminal.

A bit strange as Aegean Power has its destination as Botas


.

[theythinkitsallover] 16/10/2023 14:53

Shamaran down 10%

[sniff_the_tip] 16/10/2023 14:48

Was that 100k trade a buy or a sell....

[shortsqueezer] 16/10/2023 14:13

Heading for the South jetty :-(

[ptmorris1] 16/10/2023 13:55

Look, as I work in IT, Pete, I can do the impossible. It's just that miracles take me just that little bit longer...

[kenjen1] 16/10/2023 13:54

Ok so tugs on way to tanker Aegean Power, where will it dock? Lunchtime entertainment this!

[petebreeze37] 16/10/2023 13:50

Yes, count me in.
But you and tankerted need to sort those tankers out first.

[ptmorris1] 16/10/2023 13:33

Well let me organise the take over party for here. I think even Pete Breeze will rock up from Spain.

[doctortakeover] 16/10/2023 13:04

JakelaMottaPosts: 47Price: 121.90Strong BuyGKP in playToday 09:21Here is a graph showing the market share price daily since 14 September when the first short was opened .As we can all see more shorts added over the period, super imposed on graph from LSE date data , the share price continues to rise higher.These hedges are trying to suppress the market pre takeover , allowing their Oilco clients to further increase toeholds as cheaply as possible.Here's the link.