Gulf Keystone Petroleum Share Discussion Threads

[habshan] 01/6/2024 18:04

Nest - "When looked into Aramco and costs the were $35 . They use sea water to extract the oil."

A very expensive business, and Iraq are having to build a similar seawater system to extract their oil so the cost of producing a barrel of oil in Federal Iraq will be in the same ball park.

And as in Saudi Arabia, in Federal Iraq the cost of that seawater system and other infrastructure is borne by the state and not by the companies pumping the oil, and those companies take no exploration risk, they are simply paid $8 to pump every barrel of oil.

Whereas in Kurdistan the companies bear the cost of everything and take ALL the exploration risk, and those costs need to be recovered which is why they need $26 or whatever.

But either way the state pays, the ICG know perfectly well why they can pay $8 while the Kurds need to pay $26.

If the ICG were to pay Kurdish IOCs $8 then the ICG would pay all the development costs and that would give them control over the development of the Kurdish fields and the Kurdish oil industry, something that would infringe the Kurds constitutional rights. The Kurds want the ICG to simply be a buyer of Kurdish oil exchanging 400kbpd for their share of the budget, an agreement that could change from September next year

And that in my opinion is what this problem has been about from the start.

The difference between $8 and $26 is a red herring as the state pays for everything either way.

It's about bringing everything under the control of Baghdad and eroding the Kurds constitutional rights.

But I sense that the ICG may be backpedalling under international pressure from Erdogan the Americans and others and having realised/accepted that their case is legally hopeless. Not to mention that in a little over 15 months they could find themselves cut out of Kurdish exports altogether when the ITP agreement expires.

Let's see what next week brings and what comes from this meeting that the ICG have "urgently" requested to get exports restarted.

[nestoframpers] 01/6/2024 17:01

When looked into Aramco and costs the were $35 . They use sea water to extract the oil.

[worldquant] 01/6/2024 14:53

ChicagoJack5
·
4m
#gkp #gkptakeover
Another laugh pre T/O RNS
CEO ( buckets of options already+ great salary) needs further huge rewards to stay just 7 mths 🤣
Why ? Buyers need him as key man for handover period post sale ,this their guarantee he stays 6 mths before jetting to Barbados

[redbed] 01/6/2024 13:20

ChicagoJack
@ChicagoJack5
·
4m
#gkp #gkptakeover
Another laugh pre T/O RNS
CEO ( buckets of options already+ great salary) needs further huge rewards to stay just 7 mths 🤣
Why ? Buyers need him as key man for handover period post sale ,this their guarantee he stays 6 mths before jetting to Barbados

[redbed] 01/6/2024 13:02

ChicagoJack
@ChicagoJack5
·
6s
#gkp #gkptakeover
Buyback Program= PRE TAKEOVER
MAR stabilisation program👍
Have only bought 0.633% of original issue in 3 weeks🤫
But share price +20.4 % 😇
Market protection continues
3 weeks or less to go and MKT BAD ACTORS be getting even more nervous.
Squeezed.
🚀🚀🚀🚀

[hydrocarbon1] 01/6/2024 12:33

Habshan1 Jun '24 - 12:05 - 705444 of 705445
0 5 0
"Yes we will put this money aside for poor IOC's --- Open your eyes."

You misunderstand hydro.
----------------------------------------------------
Fair enough but what about the other billions.

[eddie47] 01/6/2024 12:21

FT suggesting today that Saudi Aramco has the lowest production costs in the world at $3.19! I think we can compete with that.

[redbed] 01/6/2024 11:46

#gkp #gkptakeoverWho are @Gulf_Keystone acquirers?If a single company SINOPEC very strong favourite, Shell given the strong Dutch shareholder connections possible, but given the sheer scale of Shaikan, consortium probable.https://x.com/goodnightcharl1/status/1796843593161671038?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 01/6/2024 11:46

#gkp #gkptakeoverWhilst we wait for @Gulf_Keystone sale RNS. look at what areal buyback program (2019) looks like, every day V current one , which is a stabilisation program in reality pre sale announcement to stop bad actors f?&*ing about with the share price .HTTPS://x.com/111notout1/status/1796775886433194278?s=61&t=EEAJRmerpfLiAmForyb8Dw

[hydrocarbon1] 01/6/2024 11:46

eddie471 Jun '24 - 10:48 - 705437 of 705438
Chinese Firms Snag Iraqi Oil and Gas Blocks
Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the latest upstream opportunities offered by Baghdad.
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Nothing to do with "less risk adverse* all to do with back door deals.
Approx 5 months ago I warned watch Russia and China.

APIKUR possibly illegal union - I stressed this, ARAB LAW will prevail.

Why do you think AK not invited to many meetings, you are about to find out.

[redbed] 01/6/2024 11:44

#gkp #gkptakeoverWho are @Gulf_Keystone acquirers?If a single company SINOPEC very strong favourite, Shell given the strong Dutch shareholder connections possible, but given the sheer scale of Shaikan, consortium probable.https://x.com/goodnightcharl1/status/1796843593161671038?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 01/6/2024 11:43

#gkp #gkptakeoverWhilst we wait for @Gulf_Keystone sale RNS. look at what areal buyback program (2019) looks like, every day V current one , which is a stabilisation program in reality pre sale announcement to stop bad actors f?&*ing about with the share price .HTTPS://x.com/111notout1/status/1796775886433194278?s=61&t=EEAJRmerpfLiAmForyb8Dw

[hydrocarbon1] 01/6/2024 11:27

I really can't believe the naivety of some of the investors here.
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Yes that's interesting, the below report which links oil exports and the Kurdish development budget says that since the halt in exports 2.7 trillion dinars allocated to the Kurdish development budget has not been spent.

Maybe the plan is to use that unused money which was allocated to the Kurds to pay the IOCs in some way and cover the arrears.
---------------------------------------------------------------------
Yes they have saved it just like the unpaid billions to IOC's before. 😂😂😂😂8514;
I have already stressed, check these major players Net worth over last 5 years..

Yes we will put this money aside for poor IOC's --- Open your eyes.
Habshan - very disappointing.
Bye the way they do not give a fiddlersF about the International law you keep banging on about, what is result of last decision?

[eddie47] 01/6/2024 10:48

https://agsiw.org/chinese-firms-snag-iraqi-oil-and-gas-blocks/

[herbertsmithfreehills] 01/6/2024 10:36

#gkp #gkptakeoverWhilst we wait for @Gulf_Keystone sale RNS. look at what areal buyback program (2019) looks like, every day V current one , which is a stabilisation program in reality pre sale announcement to stop bad actors f?&*ing about with the share price .HTTPS://x.com/111notout1/status/1796775886433194278?s=61&t=EEAJRmerpfLiAmForyb8Dw

[jackpotjack] 01/6/2024 10:18

You can't make this sh1t up, it was Iraq that put the court case in and stopped the flow!Once I finish this investment I am done with any Middle East investments.In fact pretty much done with UK stock market as nothing has or ever maintain its true value and just declines.We need some US hype injected into the FTSE.Bell ringing and whoop whoop at the open please.

[beernut1] 01/6/2024 08:52

Iraqi PM discusses Kurdistan Region's oil flow resumption, economic impact
He emphasized the significant economic impact of halting oil exports from the KRG fields. author_image Kurdistan 24 Digital Media
29 Minutes

Iraq's Prime Minister Mohammed Shia al-Sudani. (Photo: Kurdistan 24)
Iraq's Prime Minister Mohammed Shia al-Sudani. (Photo: Kurdistan 24)
Kurdistan Iraqs prime minister Mohammed Shia al-Sudani Resumption of KRGs Oil Exports Anadolu Agency
ERBIL (Kurdistan24) - In an interview with Anadolu Agency (AA) on May 31, 2024, Iraqi Prime Minister Mohammed Shia al-Sudani addressed the prospects of resuming oil flow from the Kurdistan Region of Iraq (KRG).

He emphasized the significant economic impact of halting oil exports from the KRG fields.

“The stopping of pumping Iraqi oil extracted from the fields of the Kurdistan Region of Iraq (KRG) is undoubtedly a loss for Iraq, and at least it is a missed benefit that could support development plans in the provinces of the Kurdistan Region of Iraq and strengthen the overall Iraqi economy,” al-Sudani stated.

He outlined the efforts made to find acceptable settlements and legal solutions following a thorough legal study. However, he noted that the issue remains tied to legal commitments.

“The Federal Budget Law requires that the cost of producing one barrel of oil in all fields be within the national average production cost, which is about $8 per barrel, according to the Federal Ministry of Oil,” al-Sudani underlined.

He added that the KRG’s Ministry of Natural Resources calculates the production cost at about $26 per barrel under the contracts signed with operating oil companies.

“We have proposed either to amend the budget law or to amend the agreements and contracts with these companies. From this perspective, the companies stopped production, not because of a ban from the federal government, but waiting for a solution,” he explained.

Al-Sudani noted that while the companies refused to amend the contracts, the regional government agreed.

“For these reasons, more work is needed to find a legal solution that prioritizes ensuring the rights of Iraq and its people to their wealth,” he added.

This comes at a time when the Federal Ministry of Oil issued a statement, in which it called on the Ministry of Natural Resources in the Kurdistan Region and the oil companies operating in the region to hold a meeting as soon as possible, to agree to accelerate the restoration of oil production and resume its export through the Turkish port of Ceyhan.

[redbed] 01/6/2024 08:47

#gkp #gkptakeoverWhilst we wait for @Gulf_Keystone sale RNS. look at what areal buyback program (2019) looks like, every day V current one , which is a stabilisation program in reality pre sale announcement to stop bad actors f?&*ing about with the share price .HTTPS://x.com/111notout1/status/1796775886433194278?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 01/6/2024 08:47

Broadfraudster agitated , doesn't normally work weekends

[redbed] 01/6/2024 08:46

#gkp #gkptakeoverResults ?Pareto principle wins again!Near enough 80% of you are wrong,but if you hold @Gulf_Keystone shares you will be happy to be.HTTPS://x.com/111notout1/status/1796774114100756949?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 01/6/2024 08:46

#gkp #gkptakeoverWhilst we wait for @Gulf_Keystone sale RNS. look at what areal buyback program (2019) looks like, every day V current one , which is a stabilisation program in reality pre sale announcement to stop bad actors f?&*ing about with the share price .HTTPS://x.com/111notout1/status/1796775886433194278?s=61&t=EEAJRmerpfLiAmForyb8Dw