Bouncing now. |
Stop chomping on the bit guys myself included. Que será será. |
Phew, thought I was hallucinating, yes noticed it was a slightly smaller vessel. |
Yes there is. It is the PORT CAPRI a Chemical/Oil Products Tanker. So not one of 'our' bulk oil tankers. |
Shaking the "traders" out.The market is gonna need a lot more shares for the next rise.
Hold tight imo. |
 https://www.kurdistan24.net/en/story/823056 ERBIL (Kurdistan24) - The recent approval of Iraq's budget law amendment, facilitating the resumption of oil exports from the Kurdistan Region, has led to a significant increase in the share prices of foreign companies operating in the region's energy sector.This development reflects growing investor confidence in the stability and profitability of Kurdistan's oil market.Following the Iraqi Parliament's decision on Sunday, major oil firms with operations in the Kurdistan Region experienced notable gains.Norwegian oil company DNO, which operates in the Tawke and Baeshiqa fields, saw its stock price rise from $11.89 to $13.87.Similarly, Genel Energy, a key player in the region's energy market with production from the Taq Taq, Tawke Fishkhabur, and Sarta fields, recorded an increase in share value from $57 to $70.Market analysts predict that with the full implementation of the amendment and the resumption of Kurdistan's oil exports, these companies will likely see continued stock appreciation, boosting investor returns and encouraging further capital inflows into the region's oil sector.This upward trend in share prices signals renewed confidence in the Kurdistan Region's oil industry, highlighting its importance in regional energy markets.The anticipated revival of oil exports is expected to bring economic benefits not only to investors but also to local stakeholders involved in the sector.Read More: Iraqi Parliament Approves Budget Amendment, Clearing Path for Kurdistan Oil ExportsRead More: Iraq Moves Closer to Finalizing Kurdistan Oil Export AgreementThe Association of the Petroleum Industry of Kurdistan (APIKUR), representing international oil companies operating in the region, welcomed the Iraqi Parliament's budget law amendment. APIKUR's spokesperson, Myles Caggins, stated that the association "remains focused on reaching agreements to restore oil exports through the Iraq-Turkey Pipeline."Read More: 'APIKUR Welcomes the Iraqi Parliament Budget Law Amendment,' SpokespersonFurthermore, Shakhawan Abdullah, the Deputy Speaker of the Iraqi Parliament, announced that there are no longer any legal obstacles to oil exports from the Kurdistan Region, paving the way for the resumption of exports.Read More: There are no longer any legal obstacles to Kurdistan Region oil exports, says Iraqi Parliament Deputy SpeakerThese developments underscore the collaborative efforts between the federal and regional governments to stabilize and enhance the region's oil industry, fostering a more favorable environment for foreign investment. |
Could anyone remind me of the date that BP hoped to sign the Kirkuk deal please? |
Delusional fantasists don't you mean |
For anyone interested in charts! https://x.com/AlaliQasem/status/1886693098530410975 GKP on a strong uptrend, trading at 188.00, well above its 20, 50, and 200-day moving averages. ? RSI at 72.88 signals overbought territory-watch for potential pullbacks. Long-term outlook remains bullish. #Stocks #GKP |
I'm assuming the 100+million debt will be paid before a certain date, or by installments, There are so many questions but I would expect an update within a few weeks. |
Early morning drop, whoever is selling is bonkers. |
Good morning to us fantasists. Keep your fingers away from the ?sell" button, and our dreams would come true ? . A new dawn is here. |
New CPR---FDP----Using correct/Ind Av FP figure----all to come.So that valuation is rather conservative,nevertheless it's something to focus the mind on.I hope we get all the above before M&A is announced so the loyal shareholders get fair value when DDay comes.
GLA. |
Big fields always get bigger! :-) |
Hold on tight to your dreams.....😎 |
Question is how conservative are those 2P reserves now? What price for the Gas? |
"📌 Target Price in GBP ≈ £16.91.", and that's with the currently reported 458 million barrels of reserves and no mention of the gas.
Qasem Al-Ali @AlaliQasem MSc Finance &Accounting.
GKP Valuation Thread 🧵
✅ Owns one of Kurdistan’s largest oil fields
✅ 2P Reserves: 458 MMstb
✅ Infrastructure Value: $400M
✅ Overdue Receivables: $120M+
✅ Current Production: ~45K boepd
✅ FCF: ~$200M (now that exports resumed)
✅ Expansion Plans: 85K-100K boepd
2/ EV/2P Valuation Approach
📌 Industry avg. EV/2P ~10x
📌 EV = 458 MMstb × $10 = $4.58B
3/ Market Cap Estimate
Assuming minimal debt & cash flow balance,
💰 Market Cap ≈ $4.58B
4/ Target Share Price
If shares outstanding = 222M,
📌 Target Price = $20.63 (USD)
5/ Convert to GBP
Assuming $1 = £0.82,
📌 Target Price in GBP ≈ £16.91
6/ Adjustments for Risks & Upside
⚠️ Geopolitical risk discount (~20%)
🚀 Production ramp-up to 85K-100K boepd
🔹 Adjusted range: £13.53 - £19.13/share
7/ Current Market Price vs. Fair Value?
Is #GKP undervalued? You decide. 📈🔥 |
"The minister confirmed that discussions are also underway regarding financial debts owed to the Kurdistan Regional Government (KRG). “The debts owed to the Kurdistan Region will be agreed upon,” he stated."
Under the Constitution and international law the Kurds signed the PSCs with the full sovereign authority of the Iraqi state.
What that means is that the Iraqi government is liable for those contracts and any debts incurred under them, so ultimately they have to pay the IOCs arrears.
London Court of International Arbitration Justice Sir C.J.Butcher - "I conclude that the entry into of the PSCs was in the exercise of sovereign authority."
International arbitrator Jeffrey M. Sullivan - "The Federal Government can be held liable for the PSCs because in signing them the KRG were acting with sovereign authority under the Constitution."
With the Baghdad Court of Appeals ruling that the Kurds have a constitutional right to sign their own contracts and manage their own resources, the Federal government had no option but to embrace the inevitable and throw in the towel.
They need to get this mess over with once and for all and put it to bed, BP won't be signing the Kirkuk contract without an export route and with September fast approaching the government could well find themselves cut out of any deal between the Kurds and Turkey.
BP don't operate in accordance with politically motivated nonsense from illegally cobbled together "Supreme Courts", they operate in accordance with international law and they expect their contract and export route to be legally watertight in accordance with international law.
The ICG case was always untenable and under international law the IOCs have every right to compensation from the Iraqi government for the harm and losses they have suffered. |
john@john78846295: 7h
IOCs require assurance on payment of receivables before the #oil flows....
Oil Minister: "The debts owed by the #Kurdistan Region are being agreed upon". |
Hopefully, KRG will pass on the receivables to the IOCs |
Debts owed and acknowledged, that's a 20-30% rise just on that alone |
Usually I wouldn't believe a word Pants-On-Fire-Ghani says, but I get the impression he knows he is the firing line for personal sanctions, so is being Mr You-Can-Trust-Me-Ghani, as much as a lying toad can be anyway.
Hoping for and anticipating another rise tomorrow, will be on the inter-island ferry when the Genel Investormeet webcast is on, hope there's some juicy news to catch up on. |
#GKP #gkptakeover @Gulf_Keystone Very concerned our heroic CEO 's well being.You still owe him 75/80,000 shares ,even though he becomes a multi millionaire when you announce sale , please donn't short change him ?Any chance of offmkt buyback to help your retail base too? |
Sounds good thanks Habshan.
Trump has signed an order to create a sovereign wealth fund |
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