Gulf Keystone Petroleum Share Discussion Threads

[hugetakeaway] 04/4/2024 09:47

Majority voted reserves worth 5bnHigher Imohttps://twitter.com/GoodnightCharl1/status/1772928419178635344?t=CCbOXqd1PDPmroXz_KULYw&s=19

[hugetakeaway] 04/4/2024 09:42

https://twitter.com/GoodnightCharl1/status/1774816576132305196?t=rWV0LzFIKqKw7DM-bfh8sQ&s=19

[hugetakeaway] 04/4/2024 09:30

https://twitter.com/GoodnightCharl1/status/1774816576132305196?t=rWV0LzFIKqKw7DM-bfh8sQ&s=19

[furenstaurus] 04/4/2024 09:16

Expect a premium in 4 figure %

[furenstaurus] 04/4/2024 09:15

Nonsense.It's very obviously a done deal.

[grouchomarx] 04/4/2024 09:13

No Board of Directors would approve the sale of a company at this stage. Gulf Keystone EV is give or take £70 million. Once the pipeline opens it’ll generate more than its current market cap in earnings. It can immediately after an agreement on the pipeline is obtained along with a clear statement on how the arrears will be paid, pay a substantial dividend and start a buyback program. Capex on Shaykan will potentially substantially improve reserves. Patience has a return of several times of the current price. An acquisition is just the typical delusion of forums. If it happens, down the line it’s at a multiple of the current price but only when the oil is flowing and perhaps more exploration takes place.

[hangthedj] 04/4/2024 08:23

Same article suggesting the rivers and farmers crops have had a top up of water for the time being.

[furenstaurus] 04/4/2024 08:19

All discussions now irrelevant TBH as it's 99% certain they have sold up.Just wait for the RNS.

[habshan] 04/4/2024 07:26

From DNO this morning:-

"Given shortages of heavier crudes in regional markets, DNO negotiated with its customers to nudge Tawke/Peshkabir prices to the mid-USD 30 per barrel level."

[beernut1] 04/4/2024 06:47

Might help to get oil pumping
Not too much in the detail but must be close to solution 🤞

[furenstaurus] 03/4/2024 21:35

john@john78846295#GKP #GENL $DNO $HKN $SNM #Kurdistan @apikur_oil"KRG announces agreement with Baghdad regarding the salaries of the region's employees.400k bopd exports from Kurdistan included in 2024 budget. Baghdad needs those exports to pay for salaries".hTTps://twitter.com/john78846295/status/1775531062325903662?s=19

[pscrulesok] 03/4/2024 19:50

That 4.2 million barrels a day seems strange for two reasons.

They have promised to restrict production, never mind exports, to a maximum of 4.0 million bopd as part of their contribution to OPEC+ quotas. Normally they publish a smaller figure than the quota and then ignore it.

There was a statement attributed to either Sudani, or an advisor, that put the budget requirement at only 3.5million bopd exports including KRG oil.

.

[habshan] 03/4/2024 19:28

"I don’t think john has done any background research into the numbers involved."

I've no idea who the guy is or what research he's done, but last week we read that the ICG have increased the budget by 15% which the Finance Committee are unhappy about and who said will increase the size of the deficit, so presumably they're going to have to sell a lot more oil to pay for it.

Iraq raises 2024 budget by 15%, surprising parliamentarians.

Shafaq News/ Iraq's government has raised the volume of its 2024 budget by 15%, to 228 trillion dinars ($155 billion)- to the surprise of the parliamentary finance committee, which said the decision was "unrealistic" and would worsen the deficit.

Committee member Moeen al-Kadhimi, told Shafaq News agency that the government had not explained the reasons for the raise, which came despite a lower-than-expected budget deficit in 2023.

"We, in the finance committee, were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," the lawmaker said. "This is a large raise, while the amount spent in 2023 was 142 trillion dinars."

He said the committee members had told the government that the budget should be "realistic, not just aspirational."

The increase in the budget will also increase the deficit, he said. "The budget is still being finalized by the cabinet and is expected to be sent to parliament next month."

The 2024 budget is based on an oil price of $70 per barrel, with oil exports expected to average 4.2 million barrels per day. The budget also includes a 10% increase in salaries for public sector employees. Iraq's economy is heavily dependent on oil exports, which account for more than 90% of government revenue. The country has been struggling to rebuild its economy after years of war and conflict.

[pscrulesok] 03/4/2024 18:47

@habshan, I don’t think john has done any background research into the numbers involved.

The Iraqi’s have upped their production that they export, for the last four months it’s only 3% lower than the budget figure that included Kurdish oil.

Based on what they got per barrel in previous months, they won’t be far off getting $88 or $89 a barrel at the moment which is way higher than the $70 needed by the budget, about 25% higher.

Anyone who thinks they need Kurdish oil to run the budget and pay the salaries is mistaken, they have money to spare without it.

They did flag this up by letting us know they were putting extra money into this current budget and that last year’s shortfall ended up a lot less than expected.

[ptmorris1] 03/4/2024 18:41

Is this part of a scorched earth policy knowing that they will loose the election in November?

[nestoframpers] 03/4/2024 18:03

Biden shat himself in the Vatican.

[1waving] 03/4/2024 17:58

.
The Gateway Pundit.

BREAKING: After Draining Strategic Petroleum Reserve to Lowest Level in 40 Years, Biden CANCELS Plan to Refill it Because Oil is “Way Too Expensive”
By Cristina Laila Apr. 3, 2024 11:40 am

The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.”

This comes as gas prices are once again skyrocketing.

Recall that Biden drained the SPR to its lowest level in 40 years.

Biden sold the U.S. Strategic Petroleum Reserves (SPR) to Europe, India and China.

.

[hangthedj] 03/4/2024 17:01

Same as last year then???

[habshan] 03/4/2024 16:34

john@john78846295

#GKP #GENL $DNO $HKN $SNM #Kurdistan @apikur_oil

"KRG announces agreement with Baghdad regarding the salaries of the region’s employees.

400k bopd exports from Kurdistan included in 2024 budget. Baghdad needs those exports to pay for salaries".

[shareho1der] 03/4/2024 16:30

And so what?