Gulf Keystone Petroleum Share Discussion Threads

[1712notout] 06/12/2016 17:21

It will be interesting to see the outcome
As clearly a watershed in the Shaikan story
So if notes are happy with around 15,000,000,000
After 'seemingly'
Bending a bottom over and ramming it
Saying we are taking that
I'm happy with my few mill too

I look fwd to conditionality (e)


Outcome

[phillis] 06/12/2016 17:18

NB
Ashti has been a Henley resident for a very long time

[nicebut] 06/12/2016 17:13

BD + Hearts,

I`m still getting those MNR tweets- they were on overdrive today...I thought a couple were offensive in the extreme. Wrote a reply to one- but deleted it.

If they want investment- They need to pay arrears, stick to the PSCs and stop corruption (buying houses in Henley and London perhaps)! IMO

[1712notout] 06/12/2016 17:00

Yes

I am

Buy and hold

Or hold and buy

And hold
☝️

[m5] 06/12/2016 16:54

"Big boys holding aren't waiting 5 years and
then just to double their money"

????????????????????????

Are you for real?

[1712notout] 06/12/2016 16:51

To be fair
Though
In the interests of balance
Almost

27,000,000 traded today

Leaving just

22,915,000,000 held
Again
Hold

[hearts1] 06/12/2016 16:46

No, the secured notes took equity because the company could not pay its debt. They choose bonds, not equity, stop trying to ramp this dead parrot. It's a SELL, no research needed.

[lardner23] 06/12/2016 16:27

Best form of defence is attack?
'My peshmergas'? Is he head of the army now as well, or just running the Ministry of Finance?




KRG resources minister spars with oil company exec over industry risks
By Rudaw 2 hours ago

Ashti Hawrami, Minister of Natural Resources for the KRG, speaking at the 6th Kurdistan-Iraq Oil and Gas Conference in London. Photo: Rudaw video

LONDON, UK – “You took the risk coming in,” the Kurdistan Regional Government’s (KRG) oil minister told the head of an oil company after he had complained of disappointments in the region’s oil industry.

“There have been some high profile misses and disappointments” for international oil companies doing business in the Kurdistan Region since 2011, said Bijan Mossavar-Rahmani, Executive Chairman of DNO, speaking at the 6th Kurdistan-Iraq Oil and Gas Conference in London.

Optimism about the Kurdistan oil industry was high at the first conference in 2011, Mossavar-Rahmani said. That was when the Kurdistan Region announced its plan to independently export 1 million bpd (barrels per day) within five years.

But the expectations have not been realized, Mossavar-Rahmani pointed out.

“The success of the first international oil companies in Kurdistan, sometimes unfortunately exaggerated, had set off an oil rush,” he said. “But the geology turned out to be more complicated.”

That, combined with security concerns and the economic crisis in the Kurdistan Region “produced too much risk,” he said, adding that some companies gave up and left, while others have gone bust, despite their investments of billions of dollars.

Kurdish oil exports now stand at 550,000 bpd, 300,000 of which come from Kirkuk’s fields, according to Mossavar-Rahmani, far below expectations of 2011.

DNO, the first western oil company to begin operations in the Kurdistan Region, is hopeful that production can be increased but they cannot make further investments “without regular predictable payment from the Kurdistan Regional Government,” he warned.

Ashti Hawrami, Minister of Natural Resources for the KRG, acknowledged that they were 60 days late in making payments but added that the Kurdish government, under its financial constraints, is having difficulties making payments in general.

"I am 60 days late paying my Peshmerga so you are running at par with my Peshmergas,” Hawrami said. “So, be patient with us. We thank you for that. But there is no point to have to complain at every opportunity about our non-performance."

He told Mossavar-Rahmani that the oil companies had made the choice to open operations in the Kurdistan Region despite knowing the uncertainties.

"You took the risk coming in. There was no law and order. There was no constitution. You took the risk. There was no hell of a chance to take one barrel of oil out of the country,” he said. “But now you’re getting money, you’re getting payment.”

He added that if DNO felt they could not continue their operations in the region, "take your money elsewhere. I have no problem with that. I'm sure if you find better opportunities elsewhere, you go there."

With respect to the goal of exporting 1 million bpd, Hawrami said that figure had come from the oil companies. And now he is facing frequent questions from the Kurdish public, asking where is the oil. “We deserve the truth about our own potential because we plan,” he said.

Hawrami expressed disappointment that Mossavar-Rahmani had opted to make his concerns about the industry known so publicly without first discussing them with his ministry in private. He stressed that airing such grievances in a public forum is no one’s interest.

"I don't want messages going around, getting people off coming to Kurdistan. Kurdistan is open to business and we will succeed in that, in our objectives, as we succeeded when we invited you in."

Both Hawrami and Mossavar-Rahmani said that the potential for the Kurdish oil industry remains high. As evidence, Mossavar-Rahmani said that more oil wells are drilled in the United States every week than have been drilled in the Kurdistan Region in the past 100 years.

Hawrami said he is “confident” that companies will continue to seek to do business in the Kurdistan Region despite the negative notes expressed in the conference.

[bigdog5] 06/12/2016 15:39

win win for Hawrami?

Majors moving out and taking their money elsewhere. Leaving only the companies he can bully? Like GKP?

Noses wanting the trough post war, that could mean much anger. Will there be enough for all. BH's won't want to risk that imo.

Just a mull.

[sidesplitting] 06/12/2016 15:30

KRG-MNR ‏@MNRKurdistan 3m3 minutes ago
Minister Hawrami #KIOG16 - new oil blocks available for bidding in Kurdistan, contract terms will continue to be win-win




Ay up! Lol


#cAshtiWearsLipstick

[bigdog5] 06/12/2016 15:23

roverite12
6 Dec '16 - 13:36 - 528746 of 528757 3 0

"You'll have to wait until after July 2017 for the rise , Owdbuffer .

That's when Fraudster Ferrier's plan kicks into action".



And this is the sort of entertainment I remain here for, LOFL.

Uses the word fraud a lot. Self projecting?

[hearts1] 06/12/2016 15:16

'lets get lipstick on this pig 'Just how you like them Paul, down Stockport precinct

[oilman63] 06/12/2016 15:04

CJ

Thanks for that 😄

Should come in handy.

[bigdog5] 06/12/2016 14:57

oliver, before you complete your book will any of us get a chance to fill in any possible gaps in the story?

[oilman63] 06/12/2016 14:33

CJ

So you didn't offer to someone that if they write something against the company you would get that reporter to publish it ???

What about the post from that reporter on 3iii saying the company lawyers had sent him a letter costing him around £2500 and he wouldn't be doing anymore ???

I'm sure someone could dig it out.

I can see from your postings you are flapping in the wind.

[oliver666] 06/12/2016 14:22

063.

You are clown, a real clown and I did not write a article with a Kurd person, but you are so far out of your depth, you actually think A Kurd would take any notice of a letter written by a upstart at GKP or its lawyers. Laughable. If I want to write anything , it will be in my name, not someone elses, and I sure would no threat about GKP lawyers or JF Zahawi , as evidence trumps all

I dont forget, and you are just another juvenile clown who tried a board room coup, and lost investors 50% of money.

The times letter did not even mention SA block where GKP were operators, why was that, did your Board room coup have people in it with vested interest in it with another KURD group and oil explorer..