Gulf Keystone Petroleum Share Discussion Threads

[barbariansatthegate] 11/6/2024 06:55

The intention of the buyback is to stop bad actors from crashing the share price to gain stock / close shirts cheaply pre the good news , then the black swan news.It?s a MAR good governance, in order to protect all shareholders inside and out.The company is in the final weeks of sale process.That is extremely clear now.

[barbariansatthegate] 11/6/2024 06:54

The company is sold.

[mirabeau] 11/6/2024 06:54

No buy back RNS. What's the score?

[barbariansatthegate] 11/6/2024 06:24

The intention of the buyback is to stop bad actors from crashing the share price to gain stock / close shirts cheaply pre the good news , then the black swan news.It's a MAR good governance, in order to protect all shareholders inside and out.The company is in the final weeks of sale process.That is extremely clear now.

[habshan] 11/6/2024 06:19

Yesterday's 8.5p rise will have cost Walleye and Qube £223,000 between them.

[shortsqueezer] 11/6/2024 06:17

Be interesting to know how many shorts were closed. Was decent volume yesterday.

[habshan] 11/6/2024 06:15

So no buyback yesterday.

The intention of the buyback is to support and raise the share price but with the positive vibes coming out of Baghdad yesterday and the share price was on the rise anyway it didn't need supporting.

So they probably decided to keep their powder dry.

EDIT - It's also the case of course that they can only buy within certain price parameters so maybe the rise prevented them from buying:-

"The Buyback Programme will be carried out on the London Stock Exchange and will be implemented within certain agreed parameters, including the price parameters under the relevant shareholder authority."

[habshan] 11/6/2024 03:51

Now then Sarah.

I didn't ask you to post up the stuff about the KRG receiving $1.875 billion for 400kbpd as their 14% share of the budget which works out at $156 per barrel, we all know what I said about that and we can all do basic arithmetic.

I asked you to throw up the post where I said this:-

"Whereas you have clearly stated that Baghdad will be paying the oil coys $156pb haven't you."

You say I clearly said it, so post it up.

Maybe you're just somehow getting confused between the KRG share of the budget and the IOC production costs which are two entirely different things.

We all know how easily confused you get.

[barbariansatthegate] 11/6/2024 03:46

#GKP #GENL $DNO $HKN $SNM @apikur_oil #KurdistanIraqi Oil Minister: resumption of oil exports from Kurdistan an "urgent measure" to diversify oil export routes. He hopes a final agreement on oil exports would be reached in the "next few days".

[bigdog5] 10/6/2024 23:58

Baghdad paying out $156 a barrel like you said sarah. Strange that there was only a mention of $9/$10 that also had additional conditions attached. Looks like Baghdad didn't receive "all" they have requested. The bits that BB mentioned a few days ago.

Here it is sarah, now this is an assertion!!!

"So in exchange for 400kbpd the Federal Government will pay the Kurds 14% of $161 billion which is $22.5 billion or $1.875 billion a month.

400kbpd is 12 million barrels a month.

$1.875 billion divided by 12 million works out at $156 a barrel.

So in exchange for "giving" the ICG 400kbpd they are being paid $156 a barrel".

And here it is again when you responded to BB, sarah.

"We have been told umpteen times that the Kurds will transfer 400kbpd to SOMO in exchange for their share of the budget which we are told is $1.875 billion a month for 12 million barrels.

And even you should be able to work out that $1.875 billion for 12 million barrels is $156 a barrel.

$156 a barrel is not "giving" the oil away is it".

Long way off $9 that's on the table sarah. Especially when lifting costs are only $3.

Happy to remind you of your BS as always sarah.

Also as a reminder sarah you always stated very clearly that Erbil won't concede anything. Looks extremely clear they already have. 400k a day, names and bank accounts wanted and Baghdad want sight of all of the terms connected to the PSC's. Transparency proving a bit of a problem it seems. But that's why the pipe has been shut for almost 15 months innit sarah.

[nestoframpers] 10/6/2024 22:07

Back at the start I remember Todd commenting that the KMR were using a industry standard PSC under Cashti.

[ozzmosiz] 10/6/2024 21:20

Doesn't surprise me in the slightest

[hangthedj] 10/6/2024 20:58

It's almost unbelievable to me that the ICG do not already know the terms of the PSC's
Perhaps they don't realise that the IOC's have funded the exploration costs in Kurdistan as opposed to being government funded in the South

[confused _gerbill] 10/6/2024 20:09

Fromm LSE different post.

hxxps://www.rudaw.net/english/middleeast/iraq/100620243 APIKUR talk to Rudaw.

[habshan] 10/6/2024 19:59

Hehehe, so they want the pipeline open as a quick fix because of the extra cost of going round Africa do they..

"As an "urgent measure, we are working on the "rapid reactivation" of the Iraq-Turkey oil pipeline to export oil through the port of Ceyhan.
There are also negotiations between Erbil and Baghdad. Tripartite meetings have been held between the Iraqi Oil Ministry, the Kurdistan Regional Government's Ministry of Natural Resources and the oil companies operating in the Kurdistan Region," he said.
There is an understanding on oil exports. There is progress and we hope to reach a final agreement in the next few days," he said."

3 hours ago.

Rudaw - Iraqi Oil Minister: We hope to reach an agreement on oil exports in the next few days.

The Iraqi Oil Minister says he sees the resumption of oil exports from the Kurdistan Region as an "urgent measure" to diversify oil export routes. He said he hoped a final agreement on oil exports would be reached in the "next few days"

Iraqi Oil Minister Hayan Abdul Ghani said in an interview with Iraqi media that the events in the Red Sea have made us think about "diversifying oil export routes, and we see the export of oil from the Kurdistan Region through the port of Jayhan as a quick measure.

Yemen's Houthis have been attacking Red Sea merchant ships since November 19 in support of the Palestinians in the Gaza war. This has created a threat to ship traffic.

"Some of Iraq's oil goes to Asia, Europe and the United States. We want to protect those markets. Diversification of markets will guarantee continued oil exports," Abdul Ghani said.

"But incidents in the Red Sea have caused oil tankers to change course, and sometimes there is danger," he said.

According to the oil minister, they are "absolutely serious about having other ways to export Iraqi oil to the markets.

As an "urgent measure, we are working on the "rapid reactivation" of the Iraq-Turkey oil pipeline to export oil through the port of Ceyhan.

"There are negotiations with the Turkish side to resume oil exports through the pipeline," Abdulghani said.

"There are also negotiations between Erbil and Baghdad. Tripartite meetings have been held between the Iraqi Oil Ministry, the Kurdistan Regional Government's Ministry of Natural Resources and the oil companies operating in the Kurdistan Region," he said.

"There is an understanding on oil exports. There is progress and we hope to reach a final agreement in the next few days," he said.

"There is an agreement with the Erbil brothers to market the oil through SOMO. The oil will be handed over to SOMO and sign contracts with the companies that buy the oil. The revenue will be deposited in an account in the central bank," he said. "The agreement is open and ready to be implemented. All that remains is to export oil again," he said.

[barbariansatthegate] 10/6/2024 19:29

#GKP #GENL $DNO $HKN $SNM @apikur_oil #KurdistanIraqi Oil Minister: resumption of oil exports from Kurdistan an "urgent measure" to diversify oil export routes. He hopes a final agreement on oil exports would be reached in the "next few days".

[habshan] 10/6/2024 19:21

"the meeting was again a waste of time due to the fact that Baghdad haven't received what they've ask to see."

Now then.

APIKUR - "Iraq's ministry of oil has made it a precondition that we must provide a copy of our PSCs in order for us to attend Sunday's meeting in Baghdad."

So if APIKUR didn't provide the PSCs then why were they at the meeting and why did it go ahead.

They'll have provided typical "samples" of the PSCs Sarah just so the ICG can see how they work.

[bigdog5] 10/6/2024 18:57

But I haven't made any assertion about the Kurds giving SOMO any oil for free sarah. They are being forced to hand over 400k barrels a day to SOMO to receive their portion of the Iraq budget sarah. Obviously an important point you overlook in your desperation to mislead your fellow morons and trying to gain tick ups sarah.

Whereas you have clearly stated that Baghdad will be paying the oil coys $156pb haven't you sarah.

However that number is BS and invented by you isn't it sarah.

$9/$10 "appears" to be on the table which includes other "inclusions".

However the meeting was again a waste of time due to the fact that Baghdad haven't received what they've ask to see. And until they do all meeting will be a waste of time. The share price is therefore currently well overpriced as this farce has the potential to run for much longer.

Happy to help as always.