Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 29/7/2020 20:08

there has been rioting in Baghdad again.

[nestoframpers] 29/7/2020 20:07

ERBIL (Kurdistan 24) – Prime Minister Masrour Barzani chaired on Wednesday a virtual Kurdistan Regional Government (KRG) cabinet meeting during which he welcomed developments during a recent round of dialogue between the region's leading political parties.

Barzani praised the "positive atmosphere and understanding" that came as a result of the talks, which aim "to eliminate domestic [political] tensions," the prime minister's office said in a statement. He also described the meetings as "an important step" for unity.

Dialogue

The statement comes two days after Barzani held a meeting with the Patriotic Union of Kurdistan (PUK) Co-Chair, Bafel Talabani, to discuss the state of ties between top political parties and their support for the prime minister's cabinet.

hxxps://www.kurdistan24.net/en/news/44db32b4-c476-48d8-a84b-5fe5e8074a4b

[highlander7] 29/7/2020 18:58

and the troll-a-thon continues , ever more frantically.

[broadford bay] 29/7/2020 18:54

Absolutely shocking report in the New York Times entitled:
Inside the Iraqi Kleptocracy

read it if you can: hxxps://www.nytimes.com/2020/07/29/magazine/iraq-corruption.html

Here's a taste:
"...He told me about one deal he had managed, a major construction project in which the government allocated about 40 billion dinars (about $33.6 million).

“In reality I spent only about 10 billion dinars on construction,” he said. Of the rest, most went to paying off government and party officials, along with other expenses. The remainder, about five billion dinars ($4.2 million), was pure profit.

He told me that for the past six or seven years, Iraq’s provincial governors — who have great power over contracts — have been elected almost exclusively through deals with businessmen who pay off the provincial council (which elects the governor) in exchange for a share of the province’s contracts. “Anyone who has money can manipulate these things,” he said. The deals are elaborately constructed, with deputy mayors loyal to different political parties dividing up the expected proceeds from inflated contracts. A single big contract can supply enough kickbacks to cover the bribery costs of getting a governor elected, he said.

Government officials are not just passive recipients of bribes. The members of the provincial council, he told me, “knock on the doors of businessmen and say, How can we help? Do you have someone you want to smear? Is there a conspiracy you want to promote, someone you want to refer to the integrity commission?” These dark arts transcend party loyalty; money is all that counts. “If you want to conspire against the Dawa Party, provincial council members from that party will cooperate with you” if you pay them, he said.

Behind all these deals, he told me, lurk the militias, providing muscle and taking their cut of the cash. “Any businessman, any bank owner without a militant group backing him will not be able to operate,” he said."

[urals] 29/7/2020 18:37

2 days of no volume :)

[highlander7] 29/7/2020 16:42

You always did take yourself too seriously doggie.
Pity no one else does.

LOL

[mcfly02] 29/7/2020 15:26

Hi Jamie 😃

I have a spanner to throw in the works which I've been asked not to discuss on a blog.

I'll come back to you later 😉

[thicktony] 29/7/2020 15:23

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[thicktony] 29/7/2020 15:23

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[bigdog5] 29/7/2020 14:57

The various City jungle drums continue to beat out their rhythms loud and clear:-)

Anyways, five years on from the new broom rocking up and according to the delusional ones here would be the "new beginning" (it was, they presented the great wipeout of 2016) another one rocks up.

Has he joined like the last one "for the asset", LOFL. I doubt that very much based on the fact that the asset is light years from what it was hyped up to be. So could he be on a 5 year mission to boldly go where others just can't be bothered?

All about the non existent barrels, the ever giving trough or something else?

Any sign of the much hyped 55k a day :-)

[thicktony] 29/7/2020 12:05

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[thicktony] 29/7/2020 12:05

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[bigdog5] 29/7/2020 12:01

"Shaikan will only be sold when the politics are resolved".

Just proves highlander7 (or whoever the brainless moron that uses the avatar) still understands nothing after a decade of posting BS.

The Politics will never be resolved.

A merger is the best shareholders can expect. And for a pittance.

[broadford bay] 29/7/2020 11:50

Good morning mac,

look forward to that.

Another contributor asked me why I though Garrett Soden's return might provide some positive impetus for change; what do you think?

My thoughts tend to go along these lines:
- The current board is pretty well stalemated - a little like Todd's final moments when the rest of the guys felt they couldn't argue (openly) against him, and his personal ATM attitude to the company, and finally the M&G4 arrived to try to break the deadlock.
- The current chairperson has been shown to be just a reed in the wind and senior management have been left feeling voiceless.
- I reckon that Garrett Soden might, just might, stiffen the resolve of senior management and make them feel they do still have a future with GKP.
- I see the lack of a modified PSC and the failure to agree a revised FDP as being the main issues / bones of contention between the company and the MNR. It would be of great interest to know who, currently, is the main source of technical opinion & expertise at the Ministry - for sure it cannot be Cashti. If the MNR is pushing hard for better quality oil from the deeper Triassic formations, for gas flaring to be stopped completely, or for more properly processed gas to be made available for use & sale (possibly also from the Triassic), then these move from being purely technical issues (how do we do it) to major financial issues (how do we finance it) and, in view of the relatively recent history (bondholder write-off, shareholder dilution, share price crash, irregular- and delayed payments, even Covid if you want to add that) that sort of pressure needs to be resisted. My opinion was that GS might help on that. At the very least, a more open information flow (even if it annoys Cashti, might help improve market perception.

What do you reckon?

[pensioner2] 29/7/2020 10:59

Yep, down again on Monday to 1.19%, TT.

[thicktony] 29/7/2020 10:25

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[thicktony] 29/7/2020 10:24

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[the patriotic irishman] 29/7/2020 10:20

well well well 😲

you know they say the world is a small place and on that basis it has to be said its none more so than in the real old slippery 'patch' 😉


now who could 'we' (as in the trusty network of friends and work associates I have built up over the many years of travelling the industry globe myself) know that claims to have more than 40 years 'industry' experience (said 8 years ago) is over 70 years young, Scottish and has since exiled himself into leafy old Surrey 🧐


'expert' huh 😲


absolute comedy gold 😂 😂 😂


.. ..-. / --- -. .-.. -.-- / - .... . -.-- / -.- -. . .-- 🤭



PS
only thing that amazes me with this self promoted expert is just how many different social media platform aliases a Septuagenarian can operate at one time 🥳


YRCNMIU 🤡

[mcfly02] 29/7/2020 09:33

Good Morning fellow realists 😃

Currently busy with the latest GoatCam content.

I see the Waterhouse puppet on the LSE trying to pass off his opinion as fact lol.

Here's some free facts, FDP only originally had the addition of the gas handling facilities so little to nothing in the way of renegotiation in it.

The CPR isn't complete and hasn't been submitted and they are definitely not sat on a completed document.

However !

They are definitely sat on information that I consider detrimental to shareholders !

Is this why Jon and Jaap are about to be removed ???

GoatCam update soon.

[beernut] 29/7/2020 09:06

Oil Prices Inch Higher On Surprise Crude Draw

By Julianne Geiger - Jul 28, 2020, 3:44 PM CDT
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 6.829 million barrels for the week ending July 24.

Analysts had predicted a modest inventory build of 357,000 barrels.


In the previous week, the API reported a significant—and unexpected--build in crude oil inventories of 7.544 million barrels, after analysts had predicted a draw.

This week’s estimate would seem to undo last week’s shocking inventory build.

WTI was trading down on Tuesday afternoon before the API’s data release, as prices recoiled as the government haggles over the next stimulus bill with both the Senate and the House divided and proposing their own legislation.

Delays in the next stimulus bill are expected to have a negative effect on oil markets, even with strong OPEC action and 2 million bpd less in US oil production.

Oil production in the United States has now fallen from 13.1 million bpd on March 13 to 11.1 million bpd for July 17, according to the Energy Information Administration, after sitting for the previous four weeks at 11 million bpd.

At 4:23 pm EDT on Tuesday, the WTI benchmark was trading down on the day by $0.67 (-1.61%) at $40.93—almost $1 below last week’s levels. The price of a Brent barrel was trading down as well, by $0.24 (-0.55%), at $43.17—also roughly $1 per barrel lower than this time last week.

The API reported a build of 1.083 million barrels of gasoline for the week ending July 24—compared to last week’s 2.019-million-barrel draw. This week’s build compares to analyst expectations for a 733,000-barrel draw for the week.

Distillate inventories were up by 187,000 barrels for the week, compared to last week’s 1.357-million-barrel draw, while Cushing inventories saw an increase of 1.144 million barrels.

At 4:34 pm EDT, WTI was trading at $40.97 while Brent was trading at $43.20.

By Julianne Geiger for Oilprice.com

[urals] 29/7/2020 09:06

#GKPThey started to gradually reduce few weeks back.... suspect they could be hugely squeezed on ANY significant news here. https://t.co/OVVZMHNyH6

[highlander7] 29/7/2020 08:35

Well from my own POV , one of the most impressive doggie characteristics is his ability to keep spouting the "party/macfly" line even when he is ridiculed every 5 minutes.

LOL

[thicktony] 29/7/2020 08:18

#GKP Voleon been suppressing Market share price since Sept 19( behalf of ? buyers) to allow huge stake built ( anonymously its Bermuda Co Act 1981) trying to gently close down that shortWould be stupid to help them by even selling 1Takeover battle on way https://t.co/sD0wDrg7N1

[thicktony] 29/7/2020 08:17

#GKP Sentiment against company been systematically battered on retail discussion boards 24/7 since Restructuring 4 years ago.Why?Goldman Sachs JPMorgan etc who now hold 95% in nominees, needed to force stock out of retail hands pre takeoverTick tock https://t.co/tPa8Um3WkO