Gulf Keystone Petroleum Share Discussion Threads

[worldquant] 29/5/2024 10:15

We are still buyers of 8 m bucks worth

[worldquant] 29/5/2024 10:14

A battle for stockWalleye still short 1.6m

[hydrocarbon1] 29/5/2024 10:12

Battle -Rubbish.
W-yes still

[hydrocarbon1] 29/5/2024 10:12

Battle -Rubbish.
W-yes still

[worldquant] 29/5/2024 10:07

A battle for stockWalleye still short 1.6m

[habshan] 29/5/2024 09:50

"Yes amend, but we aren't giving up what's ours...."

That's how I read it.

APIKUR are prepared to amend the wording of the contract to bring it into line with the ICG's interpretation of the constitution.

And probably some tinkering with numbers provided they're value neutral.

But they aren't prepared to have their commercial rights diluted.

"APIKUR member companies reiterate that they are prepared to resume exports, contingent upon reaching agreements that provide for payment surety for past and future exports, direct payment and preservation of commercial terms. Should such agreements require modifications to existing contracts, APIKUR member companies are willing to consider this."

[worldquant] 29/5/2024 09:49

#gkp #gkptakeover@Gulf_Keystonefarce continues( not much longer BTW)Lets explore why we need to massively incentivise CEO to hang around for just another 6 months 😉We don't!Buyers have as a condition of sale hence they get 6 months guaranteed handover from the main man..

[worldquant] 29/5/2024 09:46

And the stabilisation program restores order

[worldquant] 29/5/2024 09:45

they are prepared to resume exports, contingent upon reaching agreements that provide for payment surety for past and future exports, direct payment and preservation of commercial terms......Yes amend, but we aren't giving up what's ours....

[radfordp] 29/5/2024 09:43

There.. I said it.. "RAID"..

[arcadian] 29/5/2024 09:42

Such as what?

I'm also delighted to se AKIPUR publicly stated to make amendments in the contracts

[beernut1] 29/5/2024 09:14

From Lse

UpToday 08:53
A public statement carrying the insignia of Ministry of Oil (Iraq) stressing the reopening of exports - does align with the Turkey/Iraq MOU of the new Oil-for-water-fund (which is supposed to be funded by these exports), and all the other "clues" given recently. I'm also delighted to se AKIPUR publicly stated to make amendments in the contracts (which I expected, anyhow). We have approx. one dozen of private Turkey oil companies operating and/or shareholding in different licenses throughout Kurdistan. Not only are they not making any sizeable money at the moment, but their oil is illegally trucked to Iran - something I have difficult to see Turkey give their blessing for.

I'm keeping my call that the exports is restarted in H2. At the day of the announcement we will open trading above 200p, and at the day of the first sizeable dividend is due - above 300p.

Disclosure: Long since 90p.

[worldquant] 29/5/2024 09:07

#gkp #gkptakeover
@Gulf_Keystone
farce continues
( not much longer BTW)
Lets explore why we need to massively incentivise CEO to hang around for just another 6 months 😉
We don't!
Buyers have as a condition of sale hence they get 6 months guaranteed handover from the main man.

.

[worldquant] 29/5/2024 07:58

It's the ICG that need to make concessions now....

[shortsqueezer] 29/5/2024 07:49

I would certainly prefer that. Just imagine the size of the divi we could get :-)

[highlander7] 29/5/2024 07:47

No.

APIKUR need to stay firm and in control. Its the only way. Anything else is a sign of weakness and they will be forced to make concessions that will cost us all in the long run. Fix it now.

[shortsqueezer] 29/5/2024 07:46

Surely it would be simplest to just pay off the back payments in instalments deducted from the increased production and vastly increased income?

[habshan] 29/5/2024 07:45

WQ, the more I think about it the more I think that OPEC could be behind it.

Saudi Oil Minister - "We are the guardians of this industry".

The whole rationale behind OPEC is to regulate the industry and support the oil price which for the last many months has been in the $83-84 region.

Yet now we have 400kbpd of Kurdish oil going here there and everywhere into the world market at $30-40 a barrel and undercutting OPEC's price by more than half.

They'll want it brought under control and could well have told the Iraqis to get it sorted.

A couple of months ago Iraq were told by OPEC to get the pipeline open and allow Kurdish exports.

[fardels bear] 29/5/2024 07:43

Hmm. But one is a one off and the other is for keeps. Bit one sided methinks

[highly geared] 29/5/2024 07:42

A reasonable compromise might be to accept some downward movement on production costs in return for back payments being made in whole. That way, both sides can present as a win.

[highlander7] 29/5/2024 07:38

Yes it could be OPEC but its more likely to be a combination of factors. Vis ..
USA Pressure / The ICG budget deficit / OPEC-Saudi pressure / Turkey and the water issue / the realisation that neither Kurdistan or its O&G sector are going to go broke and they are going to lose control anyway in 2025 unless they open the pipeline and negotiate.

IMO

[habshan] 29/5/2024 07:27

"They clearly are being forced by OPEC to restart or lose part of their quota……"

Could well be, good point, but whatever it is let's hope it works.

The OPEC meeting starts on Sunday so if they want to get a deal done by then they'll certainly need to get their skates on.

Things could move very fast.

Let's hope you're right.

[worldquant] 29/5/2024 07:21

OPEC meets this Sunday Expect a restart announcement before then