Gulf Keystone Petroleum Share Discussion Threads

[fake taxi] 16/2/2017 21:46

And there's another one :-)

[nestoframpers] 16/2/2017 21:46

19:02
Re: KRG want to return tax on oil compan...
this user is in your favourites listbroadford bay 2 UP
Its almost impossible to believe that the KRG wants to impose any „new“ taxes on the exploration & production companies there.

In my opinion this is just a „kick against the traces“ by elements within the various parliamentary parties who are increasingly upset at the Barzani clan’s roughshodding methods. As you should be aware, Parliament has effectively been castrated by Messrs Barzani for time now and disquiet about traceability of funds has been growing; I see this as just further evidence of that disquiet.

The PSC, in the contract preamble, section (E), makes a very clear and unambiguous statement:

“The GOVERNMENT intends to present to the National Assembly of the Kurdistan Region a law or laws to authorise the GOVERNMENT, by contract or other authorisation, to exempt investors in long term projects relating to the conduct of petroleum operations in the Kurdistan Region from Kurdistan Region taxation, to indemnify such holders against liability to pay such taxation, and/or to guarantee the stability of the applicable legal, fiscal and economic conditions of such projects”.

There are several areas in the PSC where taxes are specifically mentioned, but clause 26.10, seems to incorporate the spirit of most of these:

#26.10:
“The share of the Profit Petroleum to which the GOVERNMENT is entitled in any
Calendar Year in accordance with Article 26.5 shall be deemed to include a portion representing the corporate income tax imposed upon and due by each CONTRACTOR Entity, and which will be paid directly by the GOVERNMENT on behalf of each such entity representing the CONTRACTOR to the appropriate tax authorities in accordance with Article 31.2. The GOVERNMENT shall provide the CONTRACTOR Entities with all written documentation and evidence reasonably required by the CONTRACTOR Entities to confirm that such corporate income tax has been paid by the GOVERNMENT”.

$55 Brent implies Profit Oil of ca. $2.50 per barrel for GKP.

There is no profit here to tax...

[bobobobobobob] 16/2/2017 21:30

Isn't bigdog the one who bought at £4 and sold at 4p because Paul Curtis told him to?

[roverite12] 16/2/2017 19:17

Bigdog5
16 Feb '17 - 15:05 - 534147 of 534169 6 0
When will it dawn on PI's that the words "resolved" and "agreed" don't apply to the Kurds?

-------------------------

BigGob - You were here in 2012 after buying in at £4 .

You sold out in June 2016 ........at the princely sum of 4 pence .

That's 4 long years of not realising the Kurds were trustworthy.

Why did it take so long for it to "dawn" on you ?

......and why are you still here ....TWENTY THOUSAND posts later (all on this bulletin board ?

[2jester] 16/2/2017 17:59

PUMP AND DUMP COMING!

WATCH OUT FOLKS!

[bigdog5] 16/2/2017 16:48

Time to laugh at those that bought at over £4, pay out even more, were then consolidated and are still holding at 1p? Odd that there are posters that keep having a go at their own rampers who did exactly that. You know the ones that hold for £25ps or "full value" or talk about mega pipes and barrels.

Yup, time for new predictions, pump up the SP, BH's then dump to PI's and the BoD trough on.

Btw village thicko, it's not Leftly that needs investigating as you've been told hundred's of times, but his source.

[gkphero] 16/2/2017 16:40

We're paying out PPI,
We're paying out PPI,
We know we are, we're sure we are,
We're paying out PPI

[gkphero] 16/2/2017 16:38

"£4 to 4p someone said"


Better ask Bigdog about that one.

[oil_investor] 16/2/2017 16:11

GKPhero:

Count Almaviva's Castle near Seville
(A half-furnished room with a large armchair in the
centre. Figaro is measuring the floor. Susanna is
trying on a hat in front of a mirror.)

[gkphero] 16/2/2017 16:06

Those lyrics need put to music.

I write masterpieces on a par with Mozart.

[2jester] 16/2/2017 16:00

The very folks you're trying to manipulate, GKPhero.

Kappeecch?

[gkphero] 16/2/2017 15:57

lol, what "FOLKS" are these then?

The city mutants seem a bit mad with it today.
It's cheap cider at lunchtime for them these days.

[2jester] 16/2/2017 15:54

PUMP AND DUMP COMING BEFORE APRIL.

BE CAREFUL FOLKS!

[gkphero] 16/2/2017 15:52

Time to laugh at the city again.......lol.

[gkphero] 16/2/2017 15:43

Bigdog, there are practically no PI's left here, yet you post about them every day.

You are talking to yourself as no one gives a toss anymore.

[hearts1] 16/2/2017 15:40

Zero and 1712 have previous form of spamming posts off the front page.

[bigdog5] 16/2/2017 15:39

johnyboy, you miss the point yet again. The MNR make the rules up as they go. That affects everything.

The BH's made a lot of money from shorting and being paid interest. They ensured their financial risk would be covered when they only offered the restructure at less than 1p. They got the company for a pittance. They are still owed $100m on which they're getting interest. They could sell (if anyone was interested in working with MNR) low.

Whereas you.......................................

[2jester] 16/2/2017 15:36

4p is realistic considering the returns the scumbags running Gulf Keystone have delivered thus far.