Gulf Keystone Petroleum Share Discussion Threads

[shareho1der] 17/5/2024 09:52

Rather than the buyback, they could have just used the fund to pay us dividend, which would have been around 4p per share.

[redbed] 17/5/2024 09:49

225,000 at 132.7

[nestoframpers] 17/5/2024 09:42

Raspberry Pi floating with a profit last year of $38 mn makes GKP look the bargain of the century.

[kenjen1] 17/5/2024 09:41

The Individual did update the UN yesterday evening. U.K. night time. hxxps://media.un.org/photo/en/asset/oun7/oun71040160 So seems legit

[redbed] 17/5/2024 09:35

If an agreed sale ( most likely)based on FY 2023 it will be announced within 10 -14 days max.That provides notice for vote through at June 21 AGM.If they are under hostile threat, the buyback is part of that battle,if not it's a stabilisation program pre Sale RNS.Corporate news highly likely very near.

[redbed] 17/5/2024 09:34

Hostile takeover defence.We are the most sought after independent E and P on Earth.Forcing bidders hands.....

[whynow] 17/5/2024 09:31

Question....
Why would we want to buy our own shares back if we knew the share price would rise on pipeline opening news?

[highlander7] 17/5/2024 09:16

and again...

john@john78846295: 1h

Iraqi envoy to the UN: #Erbil and #Baghdad have reached an agreement to re-export oil.

"The teams of the #KRG and federal government have reached an agreement on resumption of #oil exports".

[beernut1] 17/5/2024 09:16

Thinking about it Barzani did come back from Baghdad in about April saying an agreement had been reached.
( April jut gone as they would call it last April)

[beernut1] 17/5/2024 09:10

Thanks Habshan.
The Lse poster did say don’t shoot the messenger. We’ve heard it so many times.

Cheers

[luckyclicker] 17/5/2024 09:10

https://twitter.com/john78846295/status/1791380555617214747?t=zxAHYDH0Y45s1oYOMnWd3g&s=19Iraqi envoy to the UN: #Erbil and #Baghdad have reached an agreement to re-export oil."The teams of the #KRG and federal government have reached an agreement on resumption of #oil exports".

[highly geared] 17/5/2024 09:10

A serious related issue is looming, this being a world shortage of tea, coffee and digestive biscuits due to the sheer volume of ‘meetings̵7; in Iraq.

The knock on effects are considered inflationary as prices in western economies for said food commodities skyrocket due to Iraq cornering the market.

Joe Biden has been briefed (during s rare spell when he was awake) and is mindful that this issue will add to US inflation and delay the US FED lowering interest rates. Hence, another delegation has headed to Iraq to push for a resolution.

[habshan] 17/5/2024 08:44

No detail beernut, the report refers to an agreement made in April last year so let's hope the envoy isn't talking about that one, I guess we'll have to wait and see.

Translation:-

Rudaw an hour ago - Iraqi envoy to the UN: Erbil and Baghdad have reached an agreement to re-export oil.

Iraqi envoy to the United Nations said that Erbil and Baghdad have reached an agreement to resume oil exports. They have reached a basic agreement to continue sending salaries to the Kurdistan Regional Government.

Iraqi Permanent Representative to the United Nations Abbas Kazem made the remarks at a Security Council meeting on the situation in Iraq.

"The two governments are working to continue to stabilize their relations in all areas, especially the issue of budget and salaries of employees, pensioners, Peshmerga and security forces of the Kurdistan Region," Kazim said.

The federal government has been sending the salaries of the Kurdistan Regional Government (KRG) employees since April. According to the Iraqi official, due to continued coordination between them, they have reached an appropriate solution on the money, they have reached a basic agreement to continue sending.

The Security Council meeting is seasonal. UN Secretary-General's Representative to Iraq, Jenine Plaschardt, read out UNAMI's report on the situation in Iraq.

"The teams of the Kurdistan Regional Government (KRG) and the federal government have reached an agreement on the resumption of oil exports from the Kurdistan Region," the Iraqi Permanent Mission to the United Nations said.

On March 25, 2023, the Paris Arbitration Board suspended oil exports from the Kurdistan Region, according to the Iraqi budget law; The Kurdistan Region must deliver 400,000 barrels of oil per day.

On 04-04-2023, in the presence of Iraqi Prime Minister Mohammed Shia Sudani and Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani in Baghdad, an agreement was signed to resume oil exports from the Kurdistan Region, but after nearly 14 months has not yet resumed.

[pittcock] 17/5/2024 08:44

And thanks for the downvotes doggy always good to know you are watching on ?

[pittcock] 17/5/2024 08:40

Thanks for the update once again Beernut. This time?? Who knows!

[redbed] 17/5/2024 08:39

Cannacord and peel are market makers.... And have been responsible for lots of previous shenanigans!!

[pittcock] 17/5/2024 08:38

For Martian??

[beernut1] 17/5/2024 08:32

From Lse

Don’t shoot the messengerToday 09:27
Iraqi envoy to the UN: Erbil and Baghdad have reached an agreement to re-export oil

an hour ago

Hastyar Qadir

Share it in

hxxps://www.rudaw.net/sorani/business/17052024

[ozzmosiz] 17/5/2024 08:14

Hope they take their time with buybacks to make the most ofnMM shenanigans

[sbb1x] 17/5/2024 08:10

Good to see buybacks finally happening.

[worldquant] 17/5/2024 08:10

If an agreed sale ( most likely)based on FY 2023 it will be announced within 10 -14 days max.That provides notice for vote through at June 21 AGM.If they are under hostile threat, the buyback is part of that battle,if not it's a stabilisation program pre Sale RNS.Corporate news highly likely very near.

[hydrocarbon1] 17/5/2024 08:05

Hopefully all the efforts in process by many can quash the haters and get a deal done. The six dollar a barrel is still being touted an this is still the biggest obstacle.
If they cant get it done now we wait another 16 months.
The company is in good shape and a sale announced at anytime very possible, but I feel not in the next 3 months. Hope I am wrong.

[beernut1] 17/5/2024 07:31

Assistant Secretary Pyatt commends energy progress in Kurdistan Region
Looking ahead, Pyatt expressed optimism about furthering energy collaboration between the United States and Iraq, particularly in the Kurdistan Region. author_image Kamaran Aziz
15 Hours

KRG Prime Minister Masrour Barzani (R) and US Assistant Secretary for Energy Resources Geoffrey R. Pyatt (L) during their joint press conference. (Photo: Kurdistan 24)
KRG Prime Minister Masrour Barzani (R) and US Assistant Secretary for Energy Resources Geoffrey R. Pyatt (L) during their joint press conference. (Photo: Kurdistan 24)
Kurdistan PM Masrour Barzani Geoffrey Pyatt Energy Sector KRG Oil and Gas Sector US-KRG Relations
Erbil, Kurdistan Region of Iraq – In a significant demonstration of the deepening ties between the United States and the Kurdistan Region of Iraq, Assistant Secretary for Energy Resources Geoffrey R. Pyatt, accompanied by Ambassador Romanowski, participated in a pivotal press conference alongside Prime Minister Masrour Barzani.

Read More: PM Barzani, US Assistant Secretary Pyatt highlight energy cooperation in Erbil

The event underscored the importance of energy cooperation and highlighted the region's strides towards energy self-sufficiency.

Expressing gratitude for the invitation, Assistant Secretary Pyatt conveyed the impact of his visit, emphasizing the region's abundance of energy resources and its pivotal role in Iraq's energy landscape.

Drawing parallels to oil-producing regions in the United States, Pyatt likened the Kurdish landscape to "a little Oklahoma," underscoring its potential for growth and development.

The visit commenced with a tour of the Mass Global facility, a key partner for GE Vernova in the realm of clean energy solutions.

Pyatt lauded Mass Global's global initiatives, including ventures extending to Europe, as emblematic of the region's commitment to meeting international energy standards.

At the Khurmala facility, Pyatt commended Sheikh Baz for his leadership in promoting entrepreneurship and economic prosperity.

He praised efforts to mitigate climate impact through innovative measures such as gas abatement and flaring cessation, echoing discussions held with Iraqi Prime Minister Sudani and his ministers.

Pyatt emphasized Iraq's potential to enhance resource efficiency for the benefit of its citizens and to bolster self-sufficiency.

He underscored the shared goal of building a sovereign, prosperous Iraq that aligns with democratic principles, echoing sentiments expressed during Prime Minister Sudani's recent visit to the United States.

Reflecting on the visit to Erbil, Pyatt acknowledged the pivotal role of the US Consul General and the embassy in Baghdad in fostering commercial linkages.

He underscored the importance of the energy capital, Houston, in shaping bilateral relations, noting its significance in the region's economic lifeline.

Looking ahead, Pyatt expressed optimism about furthering energy collaboration between the United States and Iraq, particularly in the Kurdistan Region.

He extended an invitation to Prime Minister Barzani to visit the United States, reaffirming the commitment to nurturing a robust partnership focused on prosperity, stability, and sustainability.

The press conference illuminated the shared commitment to advancing energy cooperation, underscoring the pivotal role of the Kurdistan Region in shaping Iraq's energy landscape and fostering bilateral ties with the United States.