Gulf Keystone Petroleum Share Discussion Threads

[pittcock] 13/6/2024 08:40

Can see this drifting down a bit until more news. Happy to add more.

[habshan] 13/6/2024 08:40

Well there you go Broadford, they're "managing" it which is what oilfield managers are paid to do, it's all in a day's work and as with any other oilfield the world over Shaikan will decline if it isn't managed.

To manage - "to handle or direct with a degree of skill".

So all is well.

That's why we employ experts.

[redbed] 13/6/2024 08:35

#GKP #gkptakeoverUpdated1.08% of issueSP up 16.8%After 21/6 AGM @Gulf_Keystone will issue lots of options/shares to reward staff+CEO stay bonus to share T/O proceedsLittle bet now that number issued will be equal or very close to number bought back in this program 😉

[broadford bay] 13/6/2024 08:33

John Hune, chief operating officer of GKP, said in the annual reults (P10):
"...as ever, we continue to manage natural field declines, estimated at between 6-10% per annum...".

Did they try to teach you how to read in Harvard?

Harvard educated, FFS - what a conman!

[habshan] 13/6/2024 08:33

While politicians in Baghdad don't want to reopen the pipeline because they don't want to honour the contracts and give Erdogan what he wants the people in the Shia heartlands who voted for them have no water or electricity and are now coming out on to the streets. It was the threat of social unrest in Kurdistan that forced the "Supreme Court" to order the ICG to pay the salaries.

The current temperature in Basra is 46 degrees and forcast to reach 50 by the weekend which is where it is forcast to stay for the forseeable. And while Basra produces the oil for OPEC's second biggest producer it's people have no air conditioning and a chronic shortage of water, meanwhile their squabbling politicians live in air conditioned luxury in their palaces in Baghdad.

Thomas Jefferson - "The government you elect is the government you deserve".

Maybe this will concentrate a few minds.

Protests Expected in Iraq Amid Economic and Social Crises.

ERBIL — Strong protests and demonstrations are anticipated in Iraq's southern provinces driven by a combination of severe economic hardship, lack of basic services, and disillusionment with the federal government's unfulfilled promises.

Political observers attribute the expected unrest to multiple factors, including chronic shortages of water and electricity, a severe economic crisis, pervasive poverty, and social and environmental issues. These conditions are exacerbated by rising summer temperatures, which further highlight the inadequacies in essential services, leading to widespread dissatisfaction.



And here's something else that might focus a few minds.

A couple of days ago al-Ghani was telling us that the MoO wants the pipeline reopened to diversify export routes because of the dangers of the Red Sea and the costs of having to go around Africa.

"Ship severely flooded after Houthi attack in Red Sea.

The US military says a Greek-owned ship in the Red Sea has been hit by an unmanned surface vessel launched by the Houthis in Yemen, causing severe flooding and damage to the engine room. The vessel was taking on water, and not under the command of the crew, UKMTO stated. The ship, named TUTOR, allegedly suffered significant damage and is at risk of sinking."

[redbed] 13/6/2024 08:25

Cannacord and peel will be part of the sale execution planThey probably bought lots months ago.Week tomorrow not long is it

[ozzmosiz] 13/6/2024 08:14

Hope they are buying them down here in the 138s

[furenstaurus] 13/6/2024 06:25

#GKP #gkptakeover
Updated
1.08% of issue
SP up 16.8%
After 21/6 AGM @Gulf_Keystone will issue lots of options/shares to reward staff+CEO stay bonus to share T/O proceeds
Little bet now that number issued will be equal or very close to number bought back in this program 😉

[herbertsmithfreehills] 13/6/2024 06:05

#gkp #gkptakeover @Gulf_Keystone appears to have a diet planEat 125k ( most days ?)Another 125,000 @ 1.4358 bought and cancelled

[shortsqueezer] 13/6/2024 06:02

RNS confirming 125k bought yesterday. Again !

[beernut1] 13/6/2024 05:51

Sludge news

Basrah crudes surge despite global oil decline
Economy
Breaking
Basrah Crude
Heavy
Medium
Basrah crudes surge despite global oil decline
2024-06-13 06:45


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Shafaq News / On Thursday, the prices of Basrah Heavy and Basrah Medium crude oil rose, despite a decline in global oil prices.
Basrah Heavy crude increased by 60 cents to $80.28 per barrel, while Basrah Medium crude also saw a rise of 60 cents, reaching $83.13 per barrel.
The global oil prices dropped as investors digested news that the US Federal Reserve decided not to lower interest rates in the near future.
Brent crude futures lost 23 cents, or 0.3%, to $82.37 a barrel, and US West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to $78.30.

[beernut1] 13/6/2024 05:48

KRG reveals oil meeting results with Baghdad, addresses salary concerns
Kurdistan
Breaking
KRG
Salaries
Kurdistan Salaries
Kurdistan Oil
KRG reveals oil meeting results with Baghdad, addresses salary concerns
2024-06-12 17:37


Font
Shafaq News/ On Wednesday, the Kurdistan Regional Government (KRG) announced important progress following a meeting held in Baghdad concerning the resumption of oil exports from the Region through the Turkish Ceyhan pipeline.
According to the KRG's spokesperson, Peshawa Hawramani, a meeting in Baghdad focused on discussions about resuming oil exports and the positive trajectory of negotiations between Erbil and Baghdad. This progress comes despite previous disagreements related to oil production.

UAE 44th National Day - Union Flag





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Hawramani stated, "While a final resolution to this matter has not yet been reached, we remain optimistic. The Kurdish government has engaged in negotiations with Baghdad from multiple perspectives."
He clarified that the current stage involves reaching an agreement between oil companies, the federal government, and the regional government while safeguarding the constitutional rights of the Region.
On the issue of salaries, Hawramani noted an existing agreement between Baghdad and Erbil, highlighting that "there are no hindrances to the timely payment of salaries to security forces. Any remaining salaries owed to security forces will be disbursed following the Eid holiday."
In January, Iraq's top court ordered the federal government to cover public sector salaries in the autonomous Kurdistan region, where some workers have gone without pay for months.
Civil servants have taken the regional and federal authorities to court and demonstrated over unpaid salaries in Kurdistan, where officials have long accused Baghdad of not sending the necessary funds.
The Supreme Court said the central administration would pay government workers, employees at public institutions, social benefit recipients, and pensioners directly instead of through the regional administration.
In September 2023, Baghdad agreed to increase funds allocated to Iraqi Kurdistan, saying it would provide the northern Region with three annual payments of 700 billion dinars (about $535 million).
Thanks to oil exports, the Region previously had independent funding that partly covered salaries.
However, a dispute involving the federal government and Turkiye, through which the oil had been exported, has blocked that source of income for the regional administration since late March.
Iraqi Kurdistan and Baghdad later agreed in principle that sales of Kurdish oil would pass through the federal government. In exchange, 12.6 percent of Iraq's public spending will go to the Autonomous Region.
The court, in its ruling, also ordered the Kurdish administration to hand over "all its oil and non-oil revenues" to the federal government and an audit of relevant accounts.
With oil revenues gone, Kurdistan's current main source of revenue is tax collected at border crossings with neighboring countries, including Iran and Turkiye, two of Iraq's main regional trade partners.

[beernut1] 13/6/2024 05:46

If this takeover happens what’s the expected price minimum

TIA

[highlander7] 13/6/2024 04:40

john@john78846295: 13h

In the last tripartite meeting of the Iraqi Oil Ministry, KRG and IOCs in Baghdad reached an agreement to change the production joint contract to profit joint contract. The Iraqi Oil Ministry has promised to repay $1 billion in loans to companies.

[furenstaurus] 13/6/2024 04:25

#gkp #gkptakeover


MAR stabilisation program pre takeover( to stop bad actors being naughty?Ÿ??“??‚??) continues with a few occasional actual buys thrown in,


1.03 % of issue bought in > 4 weeks share price up 19%


Updated spreadsheet here:

[highlander7] 13/6/2024 04:01

A better question for broadfraud would be how has he calculated the depletion rate ? Arithmetic as we know is not his strong point. 10% a year is exceptionally high.

[pittcock] 12/6/2024 21:13

Genel didn't experience the restructure. The scarred posters are here for all to see. Bogdug, broadfraud and takeover guy.

[milliecusto] 12/6/2024 20:53

Or a T Rex be brought back from extinction and running amok through the oil fields, strange Genl board doesn't get any of this

[ptmorris1] 12/6/2024 20:09

Habshan 12 Jun '24 - 20:00 - 706257 of 706261

I suppose that its always good to have an engineer on the board of directors to add their esteemed knowledge to the table..

[adamrugen1066] 12/6/2024 19:54

Don't forget about giant meteor striking the earth!

[furenstaurus] 12/6/2024 19:13

#gkp #gkptakeover



MAR stabilisation program pre takeover( to stop bad actors being naughty?Ÿ??“??‚??) continues with a few occasional actual buys thrown in,



1.03 % of issue bought in > 4 weeks share price up 19%











Updated spreadsheet here:

[herbertsmithfreehills] 12/6/2024 19:13

The company is clearly sold TBAThat sums this upAll the rest is noiseFill yer bootsTAKEOVER RNS INCOMING

[milliecusto] 12/6/2024 19:09

Well at least you have changed from Iraqi invading the Kurds, you must be running out of scenarios of doom

[habshan] 12/6/2024 19:00

"Without corrective action and investment, 10% well depletion p.a."

Pray explain Broadford, if the wells are generating $180-225 million a year and good profits for the company and it's shareholders why would the BoD choose to let them deteriorate and not maintain them.

Is that what you would suggest if you were on the Board.