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Recent investor discussions on ADVFN surrounding Gulf Keystone Petroleum Ltd (GKP) reveal an upbeat sentiment primarily driven by anticipated developments in oil exports from the Kurdistan Region. Investors expressed optimism as reports indicate that oil exports through the Iraq-Turkey pipeline are expected to resume imminently, following an amendment to Turkey’s federal budget law. This legislative change is expected to pave the way for increased production and revenue generation, which has sparked interest in GKP’s potential stock value. As noted by a participant, “The road to takeover is almost at the end,” highlighting speculative excitement around the company's future direction.
Financial sentiments are reflected in discussions on share valuations, with estimates ranging from £70 to as high as £180 per share given the significant potential of the Greater Shaikan area, which some participants believe could hold substantial reserves. Johnbuysghost noted that “fair value for Shaikan, even with a huge discount, is still at the very least £70+ per share this year," indicating strong belief in the stock's upside potential. However, while expectations run high, some investors remain cautious, expressing frustrations with the history of delayed developments. Nonetheless, the prevailing tone indicates a mix of hopefulness and determination among long-term shareholders, as many are eager for a resolution that would unlock the company's potential after years of underperformance.
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Gulf Keystone Petroleum Ltd (GKP) has reported a positive operational update, indicating an increase in both sales and production throughout 2024. CEO Jon Harris noted that year-to-date gross average production for 2025 has been approximately 47,900 barrels of oil per day (bopd). GKP anticipates that production could stabilize between 40,000 and 45,000 bopd for the remainder of 2025, contingent upon the continued strength of local market demand. This outlook is underpinned by the company's disciplined work programme and low operational costs, positioning GKP favorably in the Kurdistan Region of Iraq.
Financially, the firm remains focused on maintaining a strong production performance while adapting to local market conditions. The recent positive trends in production and sales highlight GKP's resilience and operational efficiency. The company appears set to navigate potential market fluctuations effectively, which may further enhance its financial position in the coming years.
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167.9 on bid |
The autonomous areas taking control of thier own oil limits the top dogs in Baghdad chance of embezzlement. Iraqis should have invaded the pitch about this long ago. |
From Lse |
https://x.com/john78 |
Shareho1der: hope/anticipation... |
Why is share price rising? |
167.4 on bid |
Pt, Yes and a naughty apple tart. |
@Pete, dunkers? |
SP at close today Guestimates?I think they will pass the resn so my guess:179 |
I think it's time for a biscuit and ground coffee, before the main show. |
Kev - "So 10am U.K. time all eyes on the PRIZE!." |
What time is the vote, and where is Habshan when you need him most ? |
I've got a funny feeling in my bank balance.... |
165.4 ✅🆙U |
maybe today will be the day things start moving... we can but hope! |
162.1 on bid |
Iraqi Parliament to Vote on Budget Amendment Impacting Kurdistan Oil Exports. |
Iraqi MPs to Face One Million ID Fine for Missing Parliament Sessions |
KRG, Baghdad reach agreement to resolve key disputes |
Drill baby drill. |
Kurdistan 24 English |
Sounds like the "Trump Effect" in action. |
https://x.com/john78 |
Type | Ordinary Share |
Share ISIN | BMG4209G2077 |
Sector | Oil And Gas Field Expl Svcs |
Bid Price | 178.70 |
Offer Price | 179.30 |
Open | 182.40 |
Shares Traded | 103,462 |
Last Trade | 09:50:10 |
Low - High | 179.00 - 182.40 |
Turnover | 123.51M |
Profit | -11.5M |
EPS - Basic | -0.0516 |
PE Ratio | -44.57 |
Market Cap | 404.87M |
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