Gulf Keystone Petroleum Share Discussion Threads

[beernut1] 17/5/2024 09:32

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 09:14

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

[sbb1x] 17/5/2024 09:10

Good to see buybacks finally happening.

[worldquant] 17/5/2024 09:10

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 09:05

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 08:31

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.

[beernut1] 17/5/2024 08:29

PM Barzani, US Assistant Secretary Pyatt highlight energy cooperation in Erbil
"Today's visit has left a powerful impression on me in terms of the energy abundance of this region and its importance to the energy self-sufficiency of all of Iraq," Pyatt said. 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 US-KRG Relations Energy Sector Alina L Romanowski
ERBIL (Kurdistan 24) – Prime Minister Masrour Barzani and US Assistant Secretary for Energy Resources Geoffrey R. Pyatt held a joint press conference in Erbil, underscoring the strengthening ties between the United States and the Kurdistan Region of Iraq in the energy sector.

Prime Minister Barzani welcomed Assistant Secretary Pyatt, Ambassador Romanowski, and their delegation to the region.

He expressed gratitude for the ongoing US support in Iraq and the Kurdistan Region's energy sector. "We’ve heard about the United States interest and support to all of Iraq and Kurdistan Region in this sector. We are very grateful for your support," Barzani stated.

Assistant Secretary Pyatt highlighted the significant impact of his visit to the energy facilities in the region, drawing comparisons to oil-producing areas in the United States such as Oklahoma.

"Today's visit has left a powerful impression on me in terms of the energy abundance of this region and its importance to the energy self-sufficiency of all of Iraq," he said.

Pyatt emphasized the importance of partnerships with local companies like Mass Global, which collaborates with GE Vernova on cutting-edge clean energy solutions.

He noted the global reach of Mass Global’s operations, which extend to Europe, and praised the advancements in meeting world energy standards.

At the Khurmala facility, Pyatt commended the entrepreneurial spirit and economic growth represented by the site.

He highlighted the initiatives to manage climate impact through the reduction of gas flaring, an issue also discussed with Iraqi Prime Minister Sudani and his ministers.

"Iraq has the capacity to be much more efficient in the use of its resources, benefiting all citizens and increasing self-sufficiency," Pyatt remarked.

Pyatt expressed enthusiasm for the strong energy services relationship between the US and Iraq, particularly in the Kurdistan Region.

He praised the local partners' focus on collaboration and the understanding of American business operations. "We have a shared interest in building prosperity, stability, and sustainability," he added.

Looking ahead, Pyatt expressed hope for continued discussions and collaboration, inviting Prime Minister Barzani to the United States to further the relationship.

"I look forward to, at some point in the future, welcoming Prime Minister Barzani back to the United States so we can continue working on what is a very important relationship," Pyatt concluded.

The visit underscored the mutual commitment to strengthening ties and advancing energy cooperation between the United States and the Kurdistan Region of Iraq.

[0ili0] 17/5/2024 08:25

🇧🇲 Rules 👌

📈🔥

🛢️
29312;💭

[worldquant] 17/5/2024 08:25

We have run 26 miles and can see the finishing line.

[beernut1] 17/5/2024 08:25

U.S. DoS pursues resumption of Kurdish oil exports via Turkish pipeline
Kurdistan
Erbil
Breaking
Baghdad
Ankara
U.S. State Department
U.S. DoS pursues resumption of Kurdish oil exports via Turkish pipeline
2024-05-17 07:58


Font
Shafaq News / The U.S. State Department stated on Friday that it maintains constant communication with officials in Baghdad, Ankara, Erbil, and American companies to resume the export of oil from the Kurdistan Region via the Ceyhan Port pipeline in Turkiye.
Deputy State Department spokesperson Vedant Patel said at a press conference in Washington, "Developing various means to deliver Iraqi energy to global markets serves the interests of both Iraq and the United States."
He added, "We are in direct and ongoing communication with all parties affected by the halt in oil exports, regarding the reopening of the Iraqi-Turkish oil pipeline."
Ankara halted flows on March 25, 2023, after an arbitration ruling found it violated the 1973 treaty by facilitating oil exports from the Kurdistan Region without Baghdad's federal government approval.
The court ordered Ankara to pay $1.5 billion in compensation to Baghdad for unauthorized exports between 2014 and 2018. The ongoing second arbitration covers the period from 2018 onwards. Two sources familiar with the case said the two countries remain embroiled in a long-term legal dispute.
Meanwhile, Iraq owes Turkiye minimal payments as long as the pipeline operates technically — estimated at about $25 million monthly by consultancy firm Wood Mackenzie — as part of the treaty, theoretically providing an incentive to resume flows.

[beernut1] 17/5/2024 08:21

Hope so WorldQuant it’s been a long hard fought 15/16 years.

Gla

[shortsqueezer] 17/5/2024 08:21

IDWNWTBOOTW

[beernut1] 17/5/2024 08:18

Like this line from Highlander7 post.

Purchases of Shares will be made on the Company's behalf in accordance with the agreement with the Brokers and may continue independently of and uninfluenced by the Company during any closed period to which the Company is subject and/or if the Company comes into possession of inside information.

Mentions closed period, and sounds a bit like a takeover defence.

Comes into possession of inside information.

Let’s hope we’re getting a bidding war started.
Gla

[worldquant] 17/5/2024 08:16

When the company is (inevitably) taken over, the buyers need to own or control 50%+ of the equity.That is why the market here has been crushed for years,and why here and at LSE , we have the incessant PR battering.That 50%+ guarantees they can vote through the sale.This "buyback" is part of the battle for control of the company and Shaikan.We are very close to finding out just how valuable this company really is.xxxxxxxThey drop the price , in swoops GKP taking even more shares off the market. Win win

[beernut1] 17/5/2024 08:11

From Lse

Under the radar16 May 2024 23:46
The Kurdistan Regional Government (KRG) delegation, led by Minister of Finance and Economy Awat Sheikh Janab, joined Baghdad’s general high-committee session

in discussions regarding revisions to the Iraqi budget law and to address matters concerning the Kurdistan Region’s allocation for the fiscal year 2024.

They have been in meetings since Tuesday. It looks to me like they’ve been told to come up with something agreeable to all parties.

hxxps://zoomnews.info/en/40178/

[ozzmosiz] 17/5/2024 08:03

They drop the price , in swoops GKP taking even more shares off the market. Win win

[steephill cove] 17/5/2024 08:03

Up she goes 📈⬆5039;🆙✅;💪

[shortsqueezer] 17/5/2024 07:08

So the 250 k was us then. :-)

[highlander7] 17/5/2024 06:01

Iraqi Business News

The Company has entered into an agreement with its brokers, Canaccord Genuity Limited ("Canaccord Genuity") and Peel Hunt LLP ("Peel Hunt") (together the "Brokers"), to carry out on-market purchases of Shares up to the Maximum Amount within agreed parameters on an irrevocable and non-discretionary basis. Purchases of Shares will be made on the Company's behalf in accordance with the agreement with the Brokers and may continue independently of and uninfluenced by the Company during any closed period to which the Company is subject and/or if the Company comes into possession of inside information. The Company has agreed the Buyback Programme will commence immediately and run to the earlier of its completion or the Company's 2024 AGM on 21 June 2024.

[hydrocarbon1] 17/5/2024 05:55

The Kurd haters are not ready, they have ran the show for years. Quite obviously don't care about a few billion.

[highlander7] 17/5/2024 04:56

APIKUR@apikur_oil

Billions, indeed! $16,000,000,000+ has been lost to all stakeholders, since the halt of exports through the Iraq-Türkiye pipeline in March 2023.

The pipeline is ready, the companies are ready; let’s get the oil exports flowing to benefit all of Iraq and global energy markets.

[worldquant] 16/5/2024 21:12

#GKP #GENL $DNO $HKN $SNM #Kurdistan @apikur_oilWashington continues its direct rounds of talks with #Ankara, #Baghdad and #Erbil over the resumption of Kurdistan Region's oil exports.https://x.com/john78846295/status/1791195849898311752?s=61&t=EEAJRmerpfLiAmForyb8Dw