Gulf Keystone Petroleum Share Discussion Threads

[putup] 08/11/2024 11:25

Actually above 137.30

[redbed] 08/11/2024 11:06

68, 664 at high of day

[redbed] 08/11/2024 10:31

There is even more pressure to get the Kurdistan fields of oil and gas fast track developed....IOC buyers will do that.

[theythinkitsallover] 08/11/2024 10:06

"There is significant pressure on the federal government to resolve this issue before winter arrives in Europe, as many countries could face energy crises".

[redbed] 08/11/2024 10:00

Takeover imminent clearly from the AGM resolutions were final confirmation.This non buying buyback is it defence against bad actors, or a prelude to a hostile battle?

[redbed] 08/11/2024 09:58

Yes of course no IOC would be the slightest bit interested in the largest onshore discovery for decades....LOLOLOL

[redbed] 08/11/2024 09:57

Clown alert lol

[antondec] 08/11/2024 09:43

Redbed - (10,000th name used by resident nutter)

You should not be surprised - As there is no offer, no takeover, no mystery buyer accumulating, no secret deal, no stabalisation programme, nothing nada zip

Just a oiler churning away in terrible geopolitical conditions as best they can waiting for clarity on what their future is going to look like.

No IOC is going to punt billions of their own money until they know that either

So - enjoy some divis, enjoy the trading/spread bet opportunity that the buy back creates and be patient - most likely 12-18months before anything is even known.

But most importantly

GET TO A MENTAL UNIT AND GET YOUR TAKEOVER-ITIS TREATED ASAP- YOUR GKP OBSESSION IS NOT HEALTHY OR THE ACTIONS OF A RATIONAL ADULT

[redbed] 08/11/2024 09:32

Corporate rather than operating was what I was expecting

[shortsqueezer] 08/11/2024 09:25

We may be due an update but bear in mind the scheduled maintenance on pf1 is likely to have an effect on production. Maybe DNO have taken up the slack?

[redbed] 08/11/2024 09:03

I'm surprised that no news this week from company.The non buying buyback program is now into its 31st calender day 23rd trading day.DNO and Shamaran results decentWe are due an update....

[shortsqueezer] 08/11/2024 08:14

Personally IWNWTBOOTW

[petebreeze37] 08/11/2024 08:13

My 30 odd monitor list is mostly red except for genl, are we in for a down day, mindst you, my monitor is full of duds plus a few oilers and miners

[highlander7] 08/11/2024 08:08

OT

Apparently the Guardian is offering counselling to any of its journalists upset by the Trump Election.

Always a good sign they got it right.

LOL

[beernut1] 08/11/2024 07:12

Kurdistan exports mentioned twice

Iraqi Parliament to discuss oil export law next week, Kurdish MP optimistic about Shiite support
Following recent discussions within the State Administration Coalition, Subhi expressed optimism about reaching an agreement with Shiite parties.

10 minutes ago
Sabah Subhi, a member of the Iraqi Parliament's Oil and Gas Committee. (Photo: Kurdistan24)Sabah Subhi, a member of the Iraqi Parliament's Oil and Gas Committee. (Photo: Kurdistan24)
Kurdistan
Sabah Subhi
Oil and Gas Committee
Resumption of KRGs Oil Exports
Oil production
ERBIL (Kurdistan24)—The Iraqi Parliament is set to conduct the first and second readings of the oil export law next week, according to a member of the parliamentary oil and gas committee. The aim is to reach an agreement with Shiite parties.
In an interview with Kurdistan24 on Thursday, Sabah Subhi, a member of the Iraqi Parliament's Oil and Gas Committee, revealed that Article 12 of the 2023 Budget Law No. 13 has been the main obstacle to oil exports, particularly its second section (C), which equates production and transportation costs with those of the federal oil ministry.
"Production costs in Kurdistan's oil sector have been managed differently since 2007, based on production sharing agreements between the government and companies," Subhi explained. "However, since 2014, there have been attempts to halt Kurdistan Region's oil exports."
Regional Security Concerns:
Subhi highlighted growing concerns about the security situation in the Gulf, noting that Iraq currently exports approximately 3.5 million barrels of oil daily through Basra, accounting for 95% of Iraq's economy.
"Any disruption to these exports, valued at around $70 per barrel, would be catastrophic for Iraq," he warned.
Alternative Export Routes:
The federal government is exploring alternative export routes, including the Haditha pipeline project, with an estimated cost of $2 billion.
"There is significant pressure on the federal government to resolve this issue before winter arrives in Europe, as many countries could face energy crises," Subhi added.
Political Developments:
Following recent discussions within the State Administration Coalition, Subhi expressed optimism about reaching an agreement with Shiite parties.
"I believe Shiite parties will agree to the project with certain conditions, including modifications to provisions regarding provincial budgets, petrodollar arrangements, and strategic projects in central and southern provinces," he stated.
The Kurdistan Region's oil exports have been a contentious issue between Erbil and Baghdad since 2014, with various attempts to resolve the dispute.
The current initiative comes amid regional tensions and increasing international pressure for a stable energy supply.

[highlander7] 08/11/2024 07:06

It could be the Trump effect when he lifts the ban on USA INOCS from buying O&G assets imposed by Biden.

[nestoframpers] 07/11/2024 23:20

The big buys that weren't gkp buy backs must have been Irqi politicians imo.

[confused _gerbill] 07/11/2024 22:27

Theythinkitsallover. That sounds very interesting indeed 🤓

[scrwal] 07/11/2024 20:39

The $16 is an advance payment only with the final figure probably being higher. The IOCs may be waiting to see who the internationally specialised consulting entity is so that they have a handle on how realistic the field costs could be estimated before stating anything.
It appears that this is a major shift with Iraq coming up with a compromise by using the $16 as a preferred target but with the political get out that any higher figure wasn't theirs.

[arcadian] 07/11/2024 18:51

If it`s that wonderful why have we not heard from APIKUR ?

[theythinkitsallover] 07/11/2024 18:44

Erbil, Baghdad Oil Agreement Paves Way for Full Budget Allocation to Kurdistan

Dr. Sabah Subhi, an Iraqi parliamentary oil and gas committee member, shed light on the latest development between Erbil and Baghdad, which could ensure the Kurdistan Region’s full budget allocation from Baghdad.

According to Kurdistan Regional Government (KRG) spokesperson Peshawa Hawramani, Prime Minister Masrour Barzani has maintained regular communication with Iraqi Prime Minister Mohammed Shia' al-Sudani to ensure the prompt resumption of Kurdistan’s oil exports.

Hawramani emphasized that oil companies are essential stakeholders in the export process due to existing contracts with the KRG. The spokesperson noted the importance of resolving Kurdistan’s oil agreement with Baghdad to stabilize ongoing discussions.

Subhi stated that Article 12 of Iraq’s 2024-2023 budget law aims for unified oil exports across Iraq, including Kurdistan, while proposing a $16 export fee per barrel for Kurdistan’s oil to facilitate exports through Iraq’s SOMO oil company.

If this article is implemented, Subhi clarified, a neutral international organization would oversee compliance, and Kurdistan’s oil revenue would be managed according to SOMO’s regulations. The law is set for parliamentary review next week and requires approval from the Finance and Energy Committees.

“The new arrangement would enable Kurdistan to receive its full budget from Baghdad, including additional revenues from oil, customs, and federal allocations,” said Subhi.

[beernut1] 07/11/2024 16:50

From Lse.
Even they’re getting hyped.

End Game ?Today 10:29
I wonder if the 16 dollars per barrel offer is a part of current negotiations that are closer to a conclusion than so many previous false dawns. If there is a genuine possibility of a major development occurring in the very near future, one that the company are well aware of, could this be a reason for not buying shares back even if Peel Hunt etc. are not in the loop so to speak.

I don’t know hense I’m still a working man, that said I wouldn’t like to sell now and be faced by the sight of a two pound share price / 20% yield next month.

[beernut1] 07/11/2024 16:47

No Nest.
He would have been on the Kozel lager. I managed to acquire a couple of glasses during the good times.

Seems we are really getting close now.
Before long we’ll be discussing take over party locations.

Gla