Gulf Keystone Petroleum Share Discussion Threads

[shortsqueezer] 29/5/2024 06:10

I can't see all these important people wasting time getting together unless some negotiations have already been taking place. So it's a positive sign in my view.

[mmt1] 29/5/2024 06:07

The only change this time that I can see is the IOC's will be at the table...

I presume therefore we might get more of an indication of what is astualy the problem - people will fire questions I am guess at the AGM at the directors next month - and they won't be able to say we don't know or give vague answers...

Will anything be different, we can only but hope!

[beernut1] 29/5/2024 05:48

On kurdistan24 news

Iraqi Oil Ministry calls for immediate resumption of oil exports from Kurdistan Region
Iraq's Oil Ministry also invited the Kurdistan Regional Government (KRG) Ministry of Natural Resources and companies operating in the region to meet in Baghdad as soon as possible. author_image Kurdistan 24 Digital Media
12 Hours

An engineer walks in the grounds of the Khurmala oilfield, 10Km south of Erbil, the capital of Kurdistan Region, July 18, 2009. (Photo: Safin Hamed/AFP)
An engineer walks in the grounds of the Khurmala oilfield, 10Km south of Erbil, the capital of Kurdistan Region, July 18, 2009. (Photo: Safin Hamed/AFP)
Iraq Iraqi oil ministry Oil exports
ERBIL (Kurdistan24) – The Iraqi Oil Ministry in a statement on Tuesday called for the immediate resumption of oil exports from the Kurdistan Region.

Iraq's Oil Ministry also invited the Kurdistan Regional Government (KRG) Ministry of Natural Resources and companies operating in the region to meet in Baghdad as soon as possible.

In the statement, the ministry said the meeting's goal was to discuss the export of oil from the Kurdistan Region through the Ceyhan port in accordance with the agreement.

The amount of oil exports will be determined by the budget law, according to the statement.

Iraq has lost $11 billion in revenue and $400 million in investments by APIKUR member companies following the suspension of oil exports from the Kurdistan Region through the Iraq-Turkey pipeline.

Despite the readiness of the Turkish and Kurdistan Regional Governments (KRG), Iraq is still not ready to resume oil exports.

[beernut1] 29/5/2024 05:45

Well we’ve had hopes built up many times before only to be knocked down.
Let’s hope it’s different this time.

GLA

Interesting Development28 May 2024 19:03

[habshan] 29/5/2024 05:43

"An "urgent" meeting ? Thats new."

Indeed. Just 9 days ago Al-Sudani said this:-

OilPrice.com - “The companies refuse to amend, so the process stops at this point,” Al-Sudani said in a televised press conference on Sunday"

Now they want an urgent meeting to negotiate an immediate resumption of exports.

So what's changed that's so urgent.

[hydrocarbon1] 29/5/2024 05:38

H7-I said months ago that is what they should do, also should pay Kurd budget entitlement directly, we discussed it at the time.
Did not see that they have done any of it but great if so.

[highlander7] 29/5/2024 05:26

Kurdistan Watch:12h

The Iraqi Oil Ministry calls for an urgent meeting in Baghdad with the KRG and foreign oil companies to expedite the KRG oil export restart through the ‘Northern System,’ which may indicate export via the Kirkuk-Turkey pipeline.
==================================================================================

An "urgent" meeting ? Thats new.

Blinken has already warned them: no pipeline open = no aid money. Maybe they are starting to take him seriously.

[hydrocarbon1] 29/5/2024 04:47

Sorry, nothing has changed, how many times have we read - willingness co-operation-positivity etc etc etc.
Iraq, it seems, only goes along so far and the same old outcome every time $6.00 same as Iraq pay???? They have to appear as trying to keep Sleepy Joe happy.
I feel outcome will be"Iraq reiterates - Foreign oil Cos still unwilling to negotiate reasonably "
Hope I am wrong!

[highlander7] 29/5/2024 03:52

APIKUR@apikur_oil:🔴Yesterday,


APIKURE called for tripartite meetings with Government of Iraq and Kurdistan Regional Government officials.

Today, we acknowledge the swift, public response from Iraq’s Ministry of Oil and look forward to scheduling joint discussions to restore oil exports through the Iraq-Türkiye pipeline.

[milliecusto] 28/5/2024 21:08

Guys a crackpot, we are moved on from military invasion, to people in the shadows controlling Gkp, at least he moved away sludge and api

[milliecusto] 28/5/2024 21:06

BroadfordBayPosts: 1,090Price: 139.10No OpinionRE: Buy backsToday 17:19Perhaps we should be asking why the company did not invest in another businesss opportunity - not necessarily in O&G and not necessarily in the ME?Norwegian shelf, US Permian Basin, offshore Namibia...Was it in some way prevented from doing so, are there agreements in place with the KRG/MNR or even major investors who remain in the shadows that limit the board's freedom of actionThis guyIt smells of something, like a decomposing corpse

[whl2] 28/5/2024 20:27

Could see a perfect storm soon where shorters need to close out fast if that meeting initiates some form of an agreement between all parties and the company completing its share buy back programme.

[justiceforthemany] 28/5/2024 20:07

Whatever the difference in production cost recovery (whether $10 or $15) selling at $25 or at spot price $85 is a no brainer and transformational.

[scrwal] 28/5/2024 20:04

Looks like good news but there is likely to be a lot of brinkmanship now - one party now wants to resolve things quickly but the others may well say not so fast sunshine here are some tweaks if you are that desperate.
Not sure if we see a large price jump as it is still all talk and no solid agreements but there should be upward movement.

[worldquant] 28/5/2024 19:54

https://x.com/ipcastelblanque/status/1795543440270262507?s=61&t=EEAJRmerpfLiAmForyb8Dw

[justiceforthemany] 28/5/2024 19:49

Like the boy who cried wolf there's only so long the Iraqis can keep lying and blocking....

[worldquant] 28/5/2024 19:35

IWNWTBOOTT

[habshan] 28/5/2024 19:25

Well done all our newshounds for keeping the rest of us informed, outstanding teamwork, this board at it's best.

[justiceforthemany] 28/5/2024 19:20

Apikur have now confirmed this in a tweet.
Discussions imminent.
160p open?

[eddie47] 28/5/2024 19:19

Yesterday, @apikur_oil called for tripartite meetings with Government of Iraq and Kurdistan Regional Government officials. Today, we acknowledge the swift, public response from Iraq's Ministry of Oil and look forward to scheduling joint discussions to restore oil exports through the Iraq-Türkiye pipeline. apikur.uk/publications/a...

[habshan] 28/5/2024 19:14

Hi beernut, the ICG thought they were going to bypass the Kurds with their refurbished pipeline. The Kurds were never going to allow it.

They thought they could use the salary issue as a lever to apply pressure. Their own "Supreme Court" put paid to that.

They thought that by cutting off exports they could starve the KRG and IOCs of revenue. Kurdish production is now back up to full capacity.

Time is running out for them as the clock ticks down on the ITP agreement.

They've never challenged the PSCs in an International Court or tried to cancel them because they know they're legal.

Legally and Constitutionally their case is hopeless.

In Erdogan's visit last month he didn't give them ONE EXTRA DROP of water but secured 10 years and billions of dollars of work for Turkish companies to help them make better use of what he's already giving them.

They've got no cards left and have been sidelined, now it's them that's asking for an urgent meeting because they want exports restarted.

They've painted themselves into a corner and if they want ANY oil in the ITP the only avenue left open to them is to give APIKUR what they want.

APIKUR and the Kurds mustn't give an inch in the upcoming meeting, they need to keep tightening the screws.

Anyway, fingers crossed.

[beernut1] 28/5/2024 18:40

Well Habshan
What we discussed a couple of days ago about Kurdistan getting budget payments guaranteed and still no oil for Baghdad.
Maybe just karma.
Gla