Thanks. All very odd. Even some token buying in the 150s would support the price and probably push the share price higher. Always nice to have a floor. And if and when the pipe does open we'll never see these levels again, so would be very good for shareholders longer term. They also seemed quite positive that local demand is robust and cash has massively increased so it seems a bit of a waste at present. Perhaps we're all due a very chunky dividend in March. That would be nice. |
 https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/012725-iraq-turkey-oil-pipeline-standoff-continues-ahead-of-budget-law-vote An Iraqi Kurdish delegation will meet with the Iraqi finance minister in Baghdad on Jan. 27 as the dispute continues over the Iraqi budget law, on which hope hinges to resume crude exports through the Iraq-Turkey pipeline.A vote is expected on Jan. 28 on the 2025 Iraqi budget law after efforts to amend the law were fumbled again on Jan. 23, when Iraq's council of representatives failed to vote on the amendment, according to a statement from the government in semiautonomous Iraqi Kurdistan.The amendment, suggested by the Iraqi government in November, calls for the companies to receive $16/b for their production, but on Jan. 23, a spokesperson for the semiautonomous Iraqi Kurdistan region accused Iraqi lawmakers of removing the amendment from the proposed budget law."This proposal contradicts the previous decision of the federal Council of Ministers regarding the amendment of the budget law to restart oil exports from the Kurdistan Region," the KRG spokesperson said.A federal Iraqi government spokesperson denied the claim. An Iraqi government spokesperson did not respond to a request for comment. A KRG spokesperson said an update would be provided after the meeting.The $16/b price is less than what the international oil companies operating in Kurdistan had been seeking, but it is higher than the $6.90/b price set by the three-year federal budget passed in June 2023. The trade group representing the international oil companies tentatively welcomed the proposal, saying at the time that there "could be sufficient scope in the current wording to cover our previous requests related to commercial terms and surety of payment for past and future exports via the Iraq-Turkey Pipeline."Once the law is enacted, federal authorities in Baghdad, the Kurdistan Regional Government and the oil companies can begin to negotiate further details, including owed payments and contract terms, but that will likely be a drawn-out affair with multiple competing interests.Contract terms have been at the center of this longstanding debate, with Baghdad seeking to convert the production-sharing contracts the companies previously signed with the KRG into service contracts comparable to ones IOCs have signed with the federal government.Those terms are less profitable for the companies, but a trade association representing oil companies in Kurdistan has said it is willing to consider modifying existing contracts if an agreement can be made between all parties.Pipeline flows have been suspended since March 2023, when a Paris-based arbitration court said Ankara had violated the Iraq-Turkey pipeline agreement by allowing independent Kurdish sales, suspending roughly 400,000 b/d of medium sour Kurdish crude exports, as well as 75,000 b/d of Kirkuk crude, to the Mediterranean market.Analysts have said that political parties and traders in Kurdistan profit heavily from the pipeline's closure, and there is little political will in Baghdad or in Kurdistan to resume exports.Despite the pipeline's closure, IOCs in Kurdistan have ratcheted up production, finding a somewhat lucrative domestic market that has kept the companies generating cash and allows for middlemen and traders to profit. Regional production from the five publicly listed companies again ticked up in the third quarter of 2024, reaching 184,000 b/d, a 9.5% increase from the previous quarter. |
We do not know what peel hunt and cannacord have been up to.They could have bought stock over past 16 weeks, and when time right pass a large lump in an in mkt trade .They could be waiting to buy when amendment passed.They could be protecting the share price pre sale RNS.What is clear is that one way or another the more stock the company buys and cancels the better. |
#gkp #gkptakeover CEO gets "stay bonus" paid this week.Few hundred thousand shares = several million when takeover announcement comes.Buyers needed to incentivise him strongly to stay 12 months post sale, as he will make many millions from his existing LTIP stock options.https://x.com/111notout1/status/1883803046700032318?s=61&t=EEAJRmerpfLiAmForyb8Dw |
Bob
I've asked a few times. Got a waffle answer the first time and then been ignored since.
Definitely not a standard buyback imo and if there was a genuine reason for not spending it such as another use of the capital etc they would have let us know. |
Out of interest, has anyone tried contacting the company to find out why they haven't used any of the buyback? |
Broadfraud is just another attention seeking chihuahua, yap yap yapping away like his good friend Bigdog5 and should be treated exactly the same.
Binned |
I recall Broadford trying to stop theGKP AGM starting in 2012. FFS 🤦a94;️ |
#gkp #gkptakeover Stay bonus or completion bonus?Whichever one it is .. @Gulf_Keystone are paying it this week ?Anybody selling 1 share,needs urgently to seek psychiatric assistance.FILL??https://x.com/111notout1/status/1883244892249559255?s=61&t=EEAJRmerpfLiAmForyb8Dw |
I guess they could shun the whole western law system and go instead walking off into the sunset with the Iranian mullahs.Then get bombed to oblivion along with them. |
#gkp #gkptakeoverBuyback program still not buying ... ??"Following launch on 8 October 2024, the Company?s current share buyback programme of up to $10 million remains ongoing"??HTTPS://x.com/ChicagoJack5/status/1883492357737505162 |
#gkp #gkptakeover Stay bonus or completion bonus?Whichever one it is .. @Gulf_Keystone are paying it this week ?Anybody selling 1 share,needs urgently to seek psychiatric assistance.FILL??https://x.com/111notout1/status/1883244892249559255?s=61&t=EEAJRmerpfLiAmForyb8Dw |
So 19th September not long to wait! |
We have to thank Dr. Hussain al-Shahristani - a very fine man, previously Oil Minister and architect of Iraq's oil industry (he also countersigned the 15-year extension to the Ceyhan pipeline agreement on 19th Sept 2010), who brought this, one of Saddam Hussein’s favourite bon mots, to our attention:
“A constitution is written by men so that another man can tear it up.”
In Iraq that view is still held, and all the tea in China and all the learned professors and legal counsel of London and New York will not change it. |
#gkp #gkptakeover Stay bonus or completion bonus?Whichever one it is .. @Gulf_Keystone are paying it this week ?Anybody selling 1 share,needs urgently to seek psychiatric assistance.FILL??https://x.com/111notout1/status/1883244892249559255?s=61&t=EEAJRmerpfLiAmForyb8Dw |
#gkp #gkptakeoverBuyback program still not buying ... ??"Following launch on 8 October 2024, the Company?s current share buyback programme of up to $10 million remains ongoing"??HTTPS://x.com/ChicagoJack5/status/1883492357737505162 |
And if not will you shut up |
Easy hold 🤠 |
Choooooo choooooo , buffet car just got coffee and biscuits . There is only one report I am waiting for....
SOLD. |
Sale RNS within days |
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