Gulf Keystone Petroleum Share Discussion Threads

[bobgray51] 12/5/2024 10:13

Probably also worth mentioning that from a US political pressure point of view, the IGC only need to kick this can down the road until about November, when the US elections take place. If Trump gets elected - not an impossibility by any stretch - then who knows what might happen.

[bobgray51] 12/5/2024 09:24

IGC, not ICG sorry

[bobgray51] 12/5/2024 09:20

A lot of it is smoke and mirrors whilst the people in charge get rich off the trucking situation. This is all IMO. Who actually knows if / when / how this will get sorted. But these are what I see as the main issues.

[bobgray51] 12/5/2024 09:18

I think the issue has, and always will be, the ICG not liking the production sharing contracts with the IOCs in Kurdistan. They want everyone on service contracts, which is why they were haggling with the KRG about the lift cost of 6 dollars vs 26 dollars per barrel. Ultimately for all of this to be legitimate in the eyes of the ICG, then it needs to adhere to the Iraqi constitution - which is what they all keep saying. The constitution, as I understand it, doesn't allow a production sharing model - another thing they keep saying. My reading of the last few months is that the KRG and ICG agreed on the 26 dollar price. This now needs legal approval through parliament, which will take some time as they need a speaker and a functional parliament. They also need to get the IOCs in Kurdistan to agree to this contractual change to their business model.

[bobgray51] 12/5/2024 09:10

Kurdistan Watch on XBased on the current daily oil production, sale price, and the KRG's share: the KRG should receive a net revenue of at least $240M per month. However, no portion of oil revenue has been reported in the KRG's Ministry of Finance treasury since March 2023!From this I read that someone - I imagine the Bazarani family - are getting very rich off the current local sale and trucking arrangement, whilst the pipeline is closed. The IOCs continue to produce and sell at vastly reduced prices, but the KRG share is not ending up in the KRG coffers. Perhaps evidence of more incentive to keep the current status quo going for a while longer.

[martyre] 12/5/2024 09:04

So the Iraqi oil Minister Mr Ghani has said oil exports from Kurdistan will resume a number of times without citing any issues.Yet someone who presumably works for him is setting out a totally different scenario with lots of outstanding issues.Hard to understand what is going on.

[highlander7] 12/5/2024 08:14

They are telling OPEC to go and do one. Which clears the way for Kurdistans 500k bbl day.

[nestoframpers] 12/5/2024 08:07

They are playing whack a mole. Yet another Iraqi pops up hat needs 'placating'.

[highlander7] 12/5/2024 04:36

john@john78846295:13h

Quote: First Squawk@FirstSquawk
·
IRAQ WON'T AGREE TO RENEW OIL OUTPUT CUTS IN NEXT OPEC+ MEETING

[adamrugen1066] 11/5/2024 22:16

Bigdump, my average is sitting healthy at 100p thanks to that brief stint in the 80s so I'm laughing. Can you say the same?I'll give you this tip for free: keep dumping your PIP into GKP now and you might make back some of your losses if/when the pipeline reopens.

[worldquant] 11/5/2024 20:16

Its wakey wakey on the East Coast across the pond , and for the 30,300th time BIG CONDOG posts AND ONLY EVER ON THIS STOCK ( barely credible - LOL ) the paid American sentiment basher clocks in for work.If CARLSBERG did BUY signals.FILL YER BOOTSTAKEOVER RNS INCOMINGTHIS MONTH.HTTPS://x.com/ChicagoJack5/status/1787790142574325840

[bigdog5] 11/5/2024 19:49

Well whoever sarah is it isn't me Mr cross dresser. Keep reading the SamiMack report, Hans Cristian would have been so proud of it:-)

Were they 1066, making up BS again trying to make yourself feel better about your failures and losses no doubt.

Offers imminent are they, lol.

[ptmorris1] 11/5/2024 18:25

Perhaps they have learnt a lot since the London Bridge incident..

[nestoframpers] 11/5/2024 17:53

Iraq has had so many palms crossed by the yanks what the hell is the hold up now ?Even more visits !

[0ili0] 11/5/2024 15:48

😱😱😱

[shortsqueezer] 11/5/2024 15:03

Is that became was shagging her at the time do you think? :-)

[0ili0] 11/5/2024 15:01

But Sarah is OM63's niece, not his wife, even though he passed her off as that. Everyone know this 🔝🧠

[worldquant] 11/5/2024 13:09

#gkptakeover Always takeover in waitingTiming ? Been clues past 9-12 mthsMost recent - book been 'worked' ( acquirer's? #GKP proxy? ) for 2 yrsStopped 2 wks agoDeal RNS within 2 wks IMO hope@Gulf_Keystonebought plenty of their stock concentrating ?/share profits?HTTPS://x.com/ChicagoJack5/status/1788894556584341621

[worldquant] 11/5/2024 13:09

From LSEStrong BuyDNOToday 12:55DNO conference call earlier this week spent a great deal on the Kurdistan operations, and it was surprisingly positive.DNO has a depleted cost recovery pool (not accounting new investments, of course) and still churns out profits and free cash flow like nothing you've seen. Remember, the main objections from you know who - is that it shouldn't be possible.Here's an excerpt from the call about local oil price approaching $40 and most significantly that heavy oil is in demand (and why it is). I advise you to to listen to the whole part. Link: https://i.imgur.com/rJOIMMb.pngDisclaimer: long since 90p.