Gulf Keystone Petroleum Share Discussion Threads

[frenchybannedme] 27/6/2019 21:25

Loser,

are you happy for the long suffering LTH's, who bought at the 83p Open Offer, who have been given a rather nice 27% dividend, over and above the 270% increase in the sp?




No, I thought not.


This share is a pile of pants, of course.

[0ili0] 27/6/2019 19:54

Q&A with Jezza : Royal Society for the Arts, Folkstone Room, 8 John Adam Street, London WC2N 6EZ on Friday 28 June at 14:00.

[urals] 27/6/2019 19:21

So according to fca disclosure rules GKP will RNS the buyback within 4 days of transaction completion, maximumProb tomorrow or Monday imo

[urals] 27/6/2019 19:19

LolSo TR1 incomingShares in issue concentrated 25% meaning if the company sold the uplift to remaining holders 33%NiceCT Urals etc,You are quite correct.I received two payments.One at $0.2179c per share and a second payment of $0.0726cThis does suggest the registrar has not allowed the dividend to be apportioned over the 229.43 million issued share capital but has insisted it be paid out across only 172m shares leaving 57.36m (25%) without enjoying the dividend.That perhaps also explains no dividend per share but $50m dividend.Interesting times indeed.C'mon guys keep knocking the company, I love it!

[frazboy] 27/6/2019 19:17

No one has been paid any dividend yet. IG index has made a mistake - it's their policy to pay a dividend, to spread betters, once a share goes ex dividend. For some reason they've paid the full dividend, and, the first tranche of the dividend, to all longs

[0ili0] 27/6/2019 19:16

587549. $100bn please.

[urals] 27/6/2019 19:14

So TR1 incomingShares in issue concentrated 25% meaning if the company sold the uplift to remaining holders 33%NiceCT Urals etc,You are quite correct.I received two payments.One at $0.2179c per share and a second payment of $0.0726cThis does suggest the registrar has not allowed the dividend to be apportioned over the 229.43 million issued share capital but has insisted it be paid out across only 172m shares leaving 57.36m (25%) without enjoying the dividend.That perhaps also explains no dividend per share but $50m dividend.Interesting times indeed.C'mon guys keep knocking the company, I love it!

[bigdog5] 27/6/2019 18:56

Pensioner you have such a talent for getting absolutely nothing correct.

With the dividend and a possible buyback the bank balance is going to get a pasting.

Are the company absolutely sure their hyped projects will be covered by the funds they are hoping to generate? Or will the predicted timeline just get even longer?

They know where all the shares are:-)

[urals] 27/6/2019 18:55

So TR1 incomingShares in issue concentrated 25% meaning if the company sold the uplift to remaining holders 33%NiceCT Urals etc,You are quite correct.I received two payments.One at $0.2179c per share and a second payment of $0.0726cThis does suggest the registrar has not allowed the dividend to be apportioned over the 229.43 million issued share capital but has insisted it be paid out across only 172m shares leaving 57.36m (25%) without enjoying the dividend.That perhaps also explains no dividend per share but $50m dividend.Interesting times indeed.C'mon guys keep knocking the company, I love it!

[beernut] 27/6/2019 17:39

Nechirvan Barzani in Baghdad to discuss oil
READ IN: الع;رب¡0;ة
Omar Sattar June 27, 2019
0 1 3 5 6 p

ARTICLE SUMMARY
The KRG's new president, Nechirvan Barzani, traveled to Baghdad to meet the Iraqi prime minister and discuss the two sides' outstanding oil dispute.


BAGHDAD — President Nechirvan Barzani of the Kurdistan Regional Government (KRG) left Erbil for the first time since taking office and headed to the Iraqi capital on June 20 to discuss several outstanding issues with the central government, especially KRG oil exports, the public budget and the situation in the disputed city of Kirkuk.

After meeting with Iraqi Prime Minister Adel Abdul Mahdi, Barzani said they agreed to resolve outstanding issues based on the constitution and to convene a joint committee next week to negotiate oil, the budget, the peshmerga forces and Article 140 of the Iraqi Constitution, concerning a census in Kirkuk.

The most important issues addressed during the visit were Kurdish oil and KRG salaries. Baghdad has not yet received its share of KRG oil in about six months, but the federal Ministry of Finance continues to deliver salaries to KRG employees. This discrepancy has raised the ire of Arab parties, who hinted that next year's budget could depend on the economic relationship between Baghdad and Erbil.

Per its 2019 budget, the Iraqi government pledged to pay KRG employee salaries in exchange for the delivery of 250,000 barrels of oil per day to the Iraqi national oil company. But the KRG has recently abstained from delivering oil.



Read more: hxxps://www.al-monitor.com/pulse/originals/2019/06/iraq-kurdistan-nechirvan-barzani.html#ixzz5s4FCG9Y6

[beernut] 27/6/2019 17:30

Nechirvan Barzani in Baghdad to discuss oil
READ IN: الع;رب¡0;ة
Omar Sattar June 27, 2019
0 1 3 5 6 p

ARTICLE SUMMARY
The KRG's new president, Nechirvan Barzani, traveled to Baghdad to meet the Iraqi prime minister and discuss the two sides' outstanding oil dispute.


BAGHDAD — President Nechirvan Barzani of the Kurdistan Regional Government (KRG) left Erbil for the first time since taking office and headed to the Iraqi capital on June 20 to discuss several outstanding issues with the central government, especially KRG oil exports, the public budget and the situation in the disputed city of Kirkuk.

After meeting with Iraqi Prime Minister Adel Abdul Mahdi, Barzani said they agreed to resolve outstanding issues based on the constitution and to convene a joint committee next week to negotiate oil, the budget, the peshmerga forces and Article 140 of the Iraqi Constitution, concerning a census in Kirkuk.

The most important issues addressed during the visit were Kurdish oil and KRG salaries. Baghdad has not yet received its share of KRG oil in about six months, but the federal Ministry of Finance continues to deliver salaries to KRG employees. This discrepancy has raised the ire of Arab parties, who hinted that next year's budget could depend on the economic relationship between Baghdad and Erbil.

Per its 2019 budget, the Iraqi government pledged to pay KRG employee salaries in exchange for the delivery of 250,000 barrels of oil per day to the Iraqi national oil company. But the KRG has recently abstained from delivering oil.

ALSO READ

IRGC downplays risk of military conflict as Iran-US tensions flare

In this regard, Barzani told Anadolu Agency, following his talks with Baghdad, “I have spoken with the prime minister about this issue and we need to talk more about it. The problem does not lie in delivering 250,000 barrels, but there are legal issues, since cutting the KRG’s share of the 2014 budget has put it under a lot of debt.”

Barzani also met with parliamentary speaker Mohammed al-Halbusi June 20 and discussed the oil issue. Halbusi noted in a statement, “We discussed the KRG’s financial obligations, including selling oil in virtue of the 2019 federal public budget. We addressed the importance of strengthening ties between the KRG and the federal government, as well as resolving all outstanding issues in the spirit of fraternity and national partnership.”

Meanwhile, Barzani suggested to Halbusi that Erbil would host financial and energy parliamentary committees to settle budget-related issues.

These statements reflect Barzani and Abdul Mahdi's failure to find solutions, even though committees to resolve crises were formed.

Parliamentarian Sherwan Dobradani of the Kurdistan Democratic Party told Al-Monitor that a delegation of multidisciplinary government officials headed by Abdul Mahdi will visit the KRG in the coming weeks to resume discussion of the outstanding issues, oil included.

“The results can indeed be positive once the joint committees finish their work," he said. "It is possible to find solutions that please all parties.”

According to local media, Barzani asked Baghdad to withdraw its lawsuit against Ankara. The Iraqi federal government sued Ankara in 2015, requesting compensation from the Turkish government for $26 billion for its importing of Kurdish oil without Baghdad's consent. Barzani headed directly to Ankara after visiting Baghdad to discuss a number of issues, including the oil crisis and the Kurdistan Workers Party, or PKK.

Parliamentarian Faleh Ziadi told Al-Monitor, “The Iraqi prime minister and the federal Ministry of Finance are collaborating with Erbil to settle the issue of oil supplied to Turkey without taking into account the Iraqi laws. Baghdad compensating oil companies operating in the KRG or withdrawing the lawsuit against Ankara would mean conceding the rights of the rest of the Iraqi components and the principle of social justice.”

Ziadi, a member of the Finance Committee, suggested that the consequences of those measures would be “severe when demonstrations against the government break out and the budget law for next year is adopted.”

A source familiar with the negotiations told Al-Monitor on condition of anonymity, "The Kurdish delegation suggested to Abdul Mahdi to revive the agreement to share Kirkuk between Baghdad and Erbil or to allow the KRG to export oil until oil companies are completely compensated and then commit to hand over the 250,000 barrels to [the state oil company]."

The source added that Abdul Mahdi, who has good relations with the Kurdish parties, does not mind giving Erbil time to pay off the debt, but he will be in a critical position with the Shiite blocs that have so far rejected these solutions. Such solutions will necessarily include the peshmerga returning to Kirkuk and the withdrawal of the Popular Mobilization Units. No solution is expected to be reached soon, he said.

Kurdistan Alliance bloc leader Mohsen Saadoun told Al-Monitor over the phone, “Activating the joint security administration of Kirkuk is constitutional because it is from the disputed areas, and any delay in that will further complicate the situation there.”

Saadoun said, “The KRG is keen on working with Abdul Mahdi’s government to end all outstanding issues by referring to the constitution and previous agreements between both parties.”

Baghdad and Erbil's problems and economic issues need a comprehensive settlement, including Baghdad letting certain KRG commitments slide for the moment. However, other parties in the federal government may seek a political reward, perhaps in support of Abdul Mahdi, who is the target of criticism and could lose his government's confidence. Otherwise, the crisis will only escalate as next year's draft budget approaches.



Read more: hxxps://www.al-monitor.com/pulse/originals/2019/06/iraq-kurdistan-nechirvan-barzani.html#ixzz5s4CsbDic

[beernut] 27/6/2019 17:29

Nechirvan Barzani in Baghdad to discuss oil
READ IN: الع;رب¡0;ة
Omar Sattar June 27, 2019
0 1 3 5 6 p

ARTICLE SUMMARY
The KRG's new president, Nechirvan Barzani, traveled to Baghdad to meet the Iraqi prime minister and discuss the two sides' outstanding oil dispute.


BAGHDAD — President Nechirvan Barzani of the Kurdistan Regional Government (KRG) left Erbil for the first time since taking office and headed to the Iraqi capital on June 20 to discuss several outstanding issues with the central government, especially KRG oil exports, the public budget and the situation in the disputed city of Kirkuk.

After meeting with Iraqi Prime Minister Adel Abdul Mahdi, Barzani said they agreed to resolve outstanding issues based on the constitution and to convene a joint committee next week to negotiate oil, the budget, the peshmerga forces and Article 140 of the Iraqi Constitution, concerning a census in Kirkuk.

The most important issues addressed during the visit were Kurdish oil and KRG salaries. Baghdad has not yet received its share of KRG oil in about six months, but the federal Ministry of Finance continues to deliver salaries to KRG employees. This discrepancy has raised the ire of Arab parties, who hinted that next year's budget could depend on the economic relationship between Baghdad and Erbil.

Per its 2019 budget, the Iraqi government pledged to pay KRG employee salaries in exchange for the delivery of 250,000 barrels of oil per day to the Iraqi national oil company. But the KRG has recently abstained from delivering oil.

ALSO READ

IRGC downplays risk of military conflict as Iran-US tensions flare

In this regard, Barzani told Anadolu Agency, following his talks with Baghdad, “I have spoken with the prime minister about this issue and we need to talk more about it. The problem does not lie in delivering 250,000 barrels, but there are legal issues, since cutting the KRG’s share of the 2014 budget has put it under a lot of debt.”

Barzani also met with parliamentary speaker Mohammed al-Halbusi June 20 and discussed the oil issue. Halbusi noted in a statement, “We discussed the KRG’s financial obligations, including selling oil in virtue of the 2019 federal public budget. We addressed the importance of strengthening ties between the KRG and the federal government, as well as resolving all outstanding issues in the spirit of fraternity and national partnership.”

Meanwhile, Barzani suggested to Halbusi that Erbil would host financial and energy parliamentary committees to settle budget-related issues.

These statements reflect Barzani and Abdul Mahdi's failure to find solutions, even though committees to resolve crises were formed.

Parliamentarian Sherwan Dobradani of the Kurdistan Democratic Party told Al-Monitor that a delegation of multidisciplinary government officials headed by Abdul Mahdi will visit the KRG in the coming weeks to resume discussion of the outstanding issues, oil included.

“The results can indeed be positive once the joint committees finish their work," he said. "It is possible to find solutions that please all parties.”

According to local media, Barzani asked Baghdad to withdraw its lawsuit against Ankara. The Iraqi federal government sued Ankara in 2015, requesting compensation from the Turkish government for $26 billion for its importing of Kurdish oil without Baghdad's consent. Barzani headed directly to Ankara after visiting Baghdad to discuss a number of issues, including the oil crisis and the Kurdistan Workers Party, or PKK.

Parliamentarian Faleh Ziadi told Al-Monitor, “The Iraqi prime minister and the federal Ministry of Finance are collaborating with Erbil to settle the issue of oil supplied to Turkey without taking into account the Iraqi laws. Baghdad compensating oil companies operating in the KRG or withdrawing the lawsuit against Ankara would mean conceding the rights of the rest of the Iraqi components and the principle of social justice.”

Ziadi, a member of the Finance Committee, suggested that the consequences of those measures would be “severe when demonstrations against the government break out and the budget law for next year is adopted.”

A source familiar with the negotiations told Al-Monitor on condition of anonymity, "The Kurdish delegation suggested to Abdul Mahdi to revive the agreement to share Kirkuk between Baghdad and Erbil or to allow the KRG to export oil until oil companies are completely compensated and then commit to hand over the 250,000 barrels to [the state oil company]."

The source added that Abdul Mahdi, who has good relations with the Kurdish parties, does not mind giving Erbil time to pay off the debt, but he will be in a critical position with the Shiite blocs that have so far rejected these solutions. Such solutions will necessarily include the peshmerga returning to Kirkuk and the withdrawal of the Popular Mobilization Units. No solution is expected to be reached soon, he said.

Kurdistan Alliance bloc leader Mohsen Saadoun told Al-Monitor over the phone, “Activating the joint security administration of Kirkuk is constitutional because it is from the disputed areas, and any delay in that will further complicate the situation there.”

Saadoun said, “The KRG is keen on working with Abdul Mahdi’s government to end all outstanding issues by referring to the constitution and previous agreements between both parties.”

Baghdad and Erbil's problems and economic issues need a comprehensive settlement, including Baghdad letting certain KRG commitments slide for the moment. However, other parties in the federal government may seek a political reward, perhaps in support of Abdul Mahdi, who is the target of criticism and could lose his government's confidence. Otherwise, the crisis will only escalate as next year's draft budget approaches.



Read more: hxxps://www.al-monitor.com/pulse/originals/2019/06/iraq-kurdistan-nechirvan-barzani.html#ixzz5s4CsbDic

[chinese_takeaway] 27/6/2019 16:51

GKPHero I'm working in billions of dollarsSo you numbers increase 27%......

[attyg] 27/6/2019 16:32

Payment made in my spreadbet account, not my share account.

[gkphero] 27/6/2019 16:27

At £4.55 and £15 billion we are looking at around £67 per share.

[pensioner2] 27/6/2019 16:27

How are some shareholders being paid today when the payment date is clearly stated as 5/7?

[gkphero] 27/6/2019 16:25

So let's say the price is £15 billion.

This would be £51 per share.

[chinese_takeaway] 27/6/2019 16:23

No not a blocker A pre agreed CONCENTRATION of profit at takeoverSo EVERY billion paid now = £3.40If 25% Has been bought in to retire then = £ 4.55

[attyg] 27/6/2019 16:12

Oh, total dividend received was 23p.
So a reduction in today's share price of 6 or 7p is very bearable.

[pensioner2] 27/6/2019 16:12

If they've got over 25% that would be a blocker to a hostile bid without board recommendation. Maybe that was the urgency. They weren't quite at 25% and might have had to buy the balance with some speed??? Whatever, if the shares in circulation are as you say, C_T, then something is definitely going on. We should find out soon.

[attyg] 27/6/2019 16:10

CT Urals etc,

You are quite correct.
I received two payments.
One at $0.2179c per share and a second payment of $0.0726c

This does suggest the registrar has not allowed the dividend to be apportioned over the 229.43 million issued share capital but has insisted it be paid out across only 172m shares leaving 57.36m (25%) without enjoying the dividend.

That perhaps also explains no dividend per share but $50m dividend.

Interesting times indeed.

C'mon guys keep knocking the company, I love it!

[chinese_takeaway] 27/6/2019 15:58

I've seen the statementEffective 29 rather than 21.8 cents per share 25% is 57million shares This imo if correct is distinct from the planned inmarket buyback.this relates to pre agreed arrangement, probably using the 200m tap headroom available