Gulf Keystone Petroleum Share Discussion Threads

[gkpbanggone] 19/4/2024 09:28

Lansdowne won't...25-35 quid is prudentCould easily be lot moreTakeover valuations.https://twitter.com/ChicagoJack5/status/1780929628112036209?t=ZZnbddLcFl5Cg8DJEUWmkg&s=19

[kurdmam63] 19/4/2024 09:27

I'd take the £3.46!!!

[gkpbanggone] 19/4/2024 09:04

Takeover valuations.https://twitter.com/ChicagoJack5/status/1780929628112036209?t=ZZnbddLcFl5Cg8DJEUWmkg&s=19

[gkpbanggone] 19/4/2024 09:00

Worked buy 115,000 at 110.25

[habshan] 19/4/2024 08:57

115k buy just gone through.

[gkpbanggone] 19/4/2024 08:54

Takeover valuations.https://twitter.com/ChicagoJack5/status/1780929628112036209?t=ZZnbddLcFl5Cg8DJEUWmkg&s=19

[gkpbanggone] 19/4/2024 08:51

Worked buy 30,000 hence pulldown

[gkpbanggone] 19/4/2024 08:51

Within the deal.....

[arcadian] 19/4/2024 08:49

The money has to be sorted first.

[gkpbanggone] 19/4/2024 08:40

Takeover is obvious... As has been explained.RNS in MAY possibly sooner

[furenstaurus] 19/4/2024 08:37

Worked buy 30,000 hence the early knickers down.....

[furenstaurus] 19/4/2024 08:20

Iraqi Oil Minister Hayyan Abdul Ghani announced on Thursday that discussions are underway between the federal government and the Kurdistan Regional Government (KRG) to resume oil exports.#Iraq #Kurdistan #oilandgas #energyhttps://www.basnews.com/en/babat/845914

[petebreeze37] 19/4/2024 07:17

I expect Erdogan and his boys must be getting excited about their imminent trip to Iraq.

[habshan] 19/4/2024 07:10

Bigdog - "The cost of oil production and transportation in the Kurdistan Region is $26 per barrel, while in Iraq, it is less than $7.
Perhaps Baghdad are asking themselves how Koruptistan come up with the $26 when this company brags about lifting costs being less than $3 and wondering what all the difference can possibly be!!"

Hayyan Abdul Ghani's statement Sarah is for the consumption of gullible idiots like you who don't know the difference between production costs and lifting costs.

Hayyan Abdul Ghani is the Iraqi Oil Minister, he knows EXACTLY what the difference is and he knows EXACTLY why Kurdish IOCs costs are $26 while in the south they're $7, he's playing games and you fall for it hook line and sinker every time.

It's because in Kurdistan the IOCs pay the billions needed to develop the fields and need to recover those costs whereas in the south they don't.

Habshan 26th March:-

Rudaw - ”The Kurdistan Region's oil industry was established through foreign investment without spending a single dinar from the state budget, but the budget law considers it similar to the Iraqi oil industry, which is built on billions of dollars from the country's budget.”

So in Federal Iraq the oil industy was "built on billions of dollars from the country's budget” and the oil companies were then paid $6 a barrel to pump the oil, so no risk taken by the oil company.

In Kurdistan the oil industry was built by the IOCs exploring and developing their fields and spending billions of their own (investors) money without the state contributing a single dinar.

If the IOC finds oil in Kurdistan the state takes the lions share, and if the IOC doesn't find oil then tough, they've lost their money so they take all the risk.

In Kurdistan the contract allows the IOCs to recover the billions they've spent but only if they find oil.

And the Iraqi Ministry of oil thinks that Kurdish IOCs should be paid the same $6 a barrel as those in the south.

They think that after spending billions, taken all the risk and needing to recover their costs, the Kurdish IOCs should be paid the same $6 as the IOCs in the south who've spent nothing and taken no risk.

They're having a laugh. Do they really think their argument would stand up in an arbitral court.

And now we have some idiot in the MoO writing a letter in response to Myles Caggins describing how it's all APIKUR's fault that they won't pump oil for $6 a barrel, won't work for next to nothing, and that they won't reopen the pipeline so that the ICG can make loads of money.

You couldn't make it up.

[furenstaurus] 19/4/2024 06:50

Iraqi Oil Minister Hayyan Abdul Ghani announced on Thursday that discussions are underway between the federal government and the Kurdistan Regional Government (KRG) to resume oil exports.#Iraq #Kurdistan #oilandgas #energyhttps://www.basnews.com/en/babat/845914

[highlander7] 19/4/2024 05:37

There has obviously been a lot going on behind the scenes with the USA heavily involved. As was always going to be the case. They wont want to give up their military bases in Kurdistan.

Patience is needed to let this play out. As it will.

[shortsqueezer] 19/4/2024 05:17

And surely a compromise must have been discussed already?

[highlander7] 19/4/2024 04:58

john @john78846295: 11h

#Iraqi #Oil Minister says that the only thing left to do is to agree on the cost of production and transportation of #Kurdistan oil

[bigdog5] 18/4/2024 22:43

- The cost of oil production and transportation in the Kurdistan Region is $26 per barrel, while in Iraq, it is less than $7.

Perhaps Baghdad are asking themselves how Koruptistan come up with the $26 when this company brags about lifting costs being less than $3 and wondering what all the difference can possibly be!!

Why would Baghdad pay what Epicure want when it makes financial sense for them just to ramp up their own production!! Which they can easily do and much cheaper which therefore adds more to their budget. Pure economics.

[furenstaurus] 18/4/2024 21:39

#gkp #gkptakeoverVery difficult to accurately value @Gulf_Keystone given future prospectivity , current subset CPR, increase in gas/condensate demand from Europe via Turkey, post Putin.So this is my prudent range, with pale blue area IMO where we will end up.https://x.com/chicagojack5/status/1780929628112036209?s=61&t=EEAJRmerpfLiAmForyb8Dw

[furenstaurus] 18/4/2024 20:31

The company is obviously sold TBA.https://x.com/goodnightcharl1/status/1781030394281828694?s=61&t=EEAJRmerpfLiAmForyb8Dw