Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 25/10/2023 13:27

AKIPUR was long overdue. There is no way the ICG can duck and dive around it OR control it.

[fairenough11] 25/10/2023 13:08

Great move forming APIKUR.Baghdad has zero chance of winning any court case as IRAQ/Kurdistan owe IOCs $Billions for non payment of oil they have received/sold and the PSCs are watertight in UK LAW.

[highlander7] 25/10/2023 12:57

The Kurdish Shaikan PSC's cannot be changed on a whim. All that could be changed are any future Contracts as yet unsigned. However the HCL when signed will give autonomy to the Kurds as to what they chose to implement.

The issue appears to be with APIKUR.

[gkp_over_100quid_at_takeover] 25/10/2023 12:50

Iraq is being forced by IOC to offer better terms.
In the next licensing round January revenue sharing contracts will be offered.
The sticking point is that Baghdad doesn't want Kurdistan to have an oil industry.
Fortunately the US does.
ICG will capitulate to APIKUR shortly - they have too.

[kibes] 25/10/2023 12:40

'The Turkish side announced its readiness to resume the export of oil, just as we did but the oil production companies in the Region have to negotiate with the federal government regarding the contracts and production costs stated in the budget law which are not proportional to the real costs according to the contracts signed between these companies and the Regional Government,” said Sudani during a press briefing.' - The Federal government doesn't like the Kurdish PSCs. It wants Technical Service Contracts (much less profitable) instead. Is this the sticking point?

[gkp_over_100quid_at_takeover] 25/10/2023 12:10

Currently
No debt making about $ 7-10m profit and cash a month - prob about $90m in bank.
.
On full payment then $ 240m in bank and making legitimately $ 30m+ profit and cash every month.
That's some rerate ...........
.
5 quid in no time at all

[highly geared] 25/10/2023 12:05

There's little point in the IOCs reverting to the export pipeline unless the agreed terms with KRG/ICG are materially better than those currently in place for the local sales , which appear to include guaranteed upfront payments, albeit at around $30 BOO.

[handykart] 25/10/2023 11:58

"refuse to export oil" The blame game starts.

[johnbuysghost] 25/10/2023 11:43

I think the share price will go to £10 per share on that RNS, for starters.

[ozzmosiz] 25/10/2023 11:43

With full payment, definitely I think

[midasx] 25/10/2023 11:40

RNS of a restart of pipeline export and arrangements made for full payment of arrears, where would the share price go to? £2.50 -£3.00

[johnbuysghost] 25/10/2023 11:01

Bigdog too

[hugetakeaway] 25/10/2023 10:04

I have, never held more than now

[johnbuysghost] 25/10/2023 10:03

Not long imo.

Everyone should take their chance at this low SP, if they want back in or a decent top-up.

Sale of the century won't be around much longer.

[theythinkitsallover] 25/10/2023 09:49

Well there was an article posted here last week I think where Sudani said “we have an understanding with oil companies” or something to that effect.

We then also had the article last week saying they will be meeting this week to discuss amending the budget articles that stipulate a $6 payment to the oil companies…

So things defo moving in the right direction

[beernut1] 25/10/2023 09:27

Nice to see your ok Punter. 👍

[arcadian] 25/10/2023 08:53

It was an easy way ( under the pressure of an interview ) of palming off the blame for no resumption of oil flowing but a comfort to us in that the companies are making their point.

[milliecusto] 25/10/2023 08:45

Strange price action, looks being being held in a holding pattern

[johnbuysghost] 25/10/2023 08:41

Agree nest. Nearly 15 years here for the die hards.