Link to the 2024 results presentation:
hxxps://stream.brrmedia.co.uk/broadcast/67a3791c836d608dd9bc59aa/67dc17c838675ece28dfebec |
ShaMaran Petroleum Corp (SNM) is the one to watch, just quietly in the background steadily creeping up..
Was 7 (6 months ago) now 23 |
Do you have a link for the presentation? Thanks |
https://x.com/zoomnewskrd/status/1902706314817450337 KRG Minister of Natural Resources Kamal Mohammed is currently in Baghdad for further talks regarding the Kurdistan Region's oil exports, revealed Azizi Ahmed, deputy chief of staff to Kurdistan Region Prime Minister Masrour Barzani. In a post on X, Ahmed stated that the KRG welcomes the strong and clear stance from its partners in the US government, urging the resumption of oil exports from the Region, and reaffirming the KRG's readiness to make that happen |
CG321. Just traders looking where the rise is today, GKP up way more over the year. |
the other really interesting statement from Gabriel was that governments have committed to pay the arrears, and talk of payment in kind as the likely mechanism. + |
And Genl which in my opinion is way inferior to GKP is up 5% more than us....madness! |
Just watched the presentation, which was very good.
BOD now more bullish about export re-start in the near term. The regularised Dividend Program is also very much welcome and will surely attract more investors and institutes. |
115,000 brls a day for the local market .Yeah right.. straight to the black market to double their money.You can bet someone milking this for all it's worth |
Must have ICG approval to be loading via that pipe?? |
 Kevc67 that sounds like another big moment coming up. Full article:
hxxps://www.rudaw.net/sorani/business/200320254
The Kurdistan Region has given its views to Baghdad on the consulting company that determines the price of oil production and transportation, saying that it must work within the framework of the contracts of the companies, and submit a draft report before completing the work.
According to the minutes of their meeting, Baghdad and Erbil disagree on the amount of oil used for domestic purposes, previous debts, the nature of the consulting company, so these issues will be reported and submitted to the prime minister for decision.
A delegation from the Kurdistan Regional Government (KRG) is scheduled to meet with officials of the Federal Oil Ministry on Thursday, March 20, 2025 to discuss the obstacles to oil exports and the financial entitlements of companies.
The delegation includes Kamal Mohammed Salih, acting minister of natural resources, and Bayan Sami Abdulrahman, advisor to the prime minister.
The delegation's meetings are a prelude to resolving the dispute between Erbil and Baghdad over the oil issue, which is expected to be decided by Sudanese Prime Minister Mohammed Shia, according to Rudaw.
The Iraqi parliament on February 2, 2025, approved the first amendment to the three-year budget law as the first step to resume oil exports from the Kurdistan Region, which has been suspended since the end of March
"The most important issues that will be put before Sudan to resolve are the debts of oil companies from 2022 until the suspension of oil exports, and the nature of the consulting company, whether it is oil or auditing," a source familiar with the matter told Rudaw.
What do Erbil and Baghdad demand from each other?
On March 12, 2025, the two technical delegations of the Kurdistan Regional Government (KRG) and the federal government met to discuss their demands on the issue of oil exports and how to deal with the expenses of companies.
According to the minutes of the meeting, the Kurdistan Regional Government (KRG) representative said that they need 115,000 barrels of oil for domestic consumption, which is 14% of the oil products used in the Iraqi provinces. The issue has been resolved by the Iraqi prime minister, who has requested the same amount of $ 16 per barrel of exported oil for domestic consumption.
The budget amendment deals with the production, transportation and delivery of oil in the Kurdistan Region, which sets $16 as the cost of production and transportation of oil per barrel, until an international consulting body determines an estimated price within 60 days.
The Kurdistan Regional Government (KRG) delegation told the Baghdad delegation that some of the oil products are used in the Kurdistan Region and some of them will be sent to the Ministry of Electricity free of charge.
Representatives of the Oil Ministry said that the amount of oil used for the Kurdistan Region, which they consider worthy of 46,000 barrels, and representatives of Baghdad, the Kurdistan Region must pay $ 120 million of oil revenues to Baghdad, which is a debt to the Kurdistan Region.
The minutes were to be submitted to Sudanese Prime Minister Mohammed Shia for a decision to resolve the differences.
What should the consulting firm do?
The Kurdistan Regional Government (KRG) has sent an official letter to the Council of Ministers on March 16, 2025, expressing its views on the nature of the consulting company to be appointed to determine the price of oil production and transportation.
The KRG believes that the consulting company should audit and compare the lists submitted by oil companies to determine the financial entitlements, according to the contracts signed with the KRG.
The letter states that the consulting firm must be responsible for comparing the amount of oil and its money in the world markets based on official documents, as well as monitoring and comparing oil sales agreements between the government and companies in terms of price.
The KRG believed that the company should follow up on the shares of the companies under its production-sharing contracts. The company's work and procedures should be consistent with the obligations and rights signed between the oil companies and the KRG.
Another view of the KRG was that the cost of transporting oil companies, pipelines or tankers should be covered according to the contracts signed with them.
The KRG believes that the consulting company should prepare a report on the cost of production and transportation of oil within two months. After the company's work in those two months, the federal government should build confidence in the calculation signed between them.
According to the amendment to the budget law, the Kurdistan Region must deliver 400,000 barrels of oil per day to SOMO.
The KRG has proposed a timetable for the consulting company to complete its work within 90 days, submit a weekly report on its work and submit a draft report to the relevant parties a week before the completion of the work. |
Port Capri heading for another loading of whatever crude is being funnelled down the ITP at the moment. |
https://x.com/john78846295/status/1902671276923080845 Following today's meeting, PM Sudani is expected to decide on the differing views of the amount of oil for #Kurdistan domestic purposes, IOC's debts, and the consulting company terms of reference. |
https://x.com/john78846295/status/1902667501529346253 #GKP 'As we approach the two-year anniversary of the ITP's closure on 25 March 2025, we remain hopeful that we are now nearing a solution'. |
721037:
This Thursday, my best guess is $25m Dividend to replace last year’s withdrawn Dividend.
Declaration Date: 20/03/25
Ex-Dividend Date: 03/07/25
Pay Date: 18/07/25
Dates based on previous payments.
Buy Back and whether there will be one could affect the above.
And the promise of a further payment depending on current talks.
Amount correct (meant 2023 not last year - time flies)
Dates wrong as they were based on a final divi. not an interim one as this is.
Also further payments? |
Genl just spiked ! |
hxxps://x.com/azizkahmad/status/1902649019895001519?s=12&;t=O5M-C4W1YFqPbJ9jjk287Q
We welcome the strong and clear position from our partners in the U.S. government regarding the resumption of oil exports from the Kurdistan Region of Iraq.
We stand ready to make that happen. The KRG Minister of Natural Resources is in Baghdad for more talks today.
Oil exports from the Kurdistan Region help lift the whole country. |
Thanks for that great news Habsham. Why is there no announcement showing here on ADVFN ? |
$25 million dividend.The dividend will be paid on 23 April 2025, based on a record date of 4 April 2025 and ex-dividend date of 3 April 2025.2025 year to date (to 18 March 2025) gross average production of c.46,400 bopd.Continued strong local market demand, with realised prices averaging between $27-$29/bbl.Cash balance as at 19 March 2025 of $115 million.The recent share buyback programme of up to $10 million, expiring 20 March 2025, has not been renewed in light of the interim dividend declaration and the strength of the Companyâs share price.A good solid update. |
When is the ex-divi date? |
.....worth also noting that the upcoming interim dividend is 60 percent higher than the interim dividend paid on 19 July 2024. If that rate increase continues then the final dividend to be paid October 25 could be in the region of 11.4p taking the total 2025 dividend to round about 20p per share area....a yield of 10% at current prices, though many (who bought when the price was at its lows of 90p in Feb 2024) will be yielding much higher than this of course. |
These results are excellent, FCF even at a net 9.5 bucks per barrel will still yield at least 17.5 p annual divs.At initial export 16 bucks , double those dividends.At PSC economics , at least double those dividends again.Arrears incoming and a special dividend on top??.However GKP will be unlisted this year ?.its sold ?.. |
Cum dividend ....how very LSE PUTUP |
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