Gulf Keystone Petroleum Share Discussion Threads

[habshan] 01/9/2020 07:35

Payments starting to come through.

Genel RNS:-

Genel Energy plc ('Genel' or 'the Company') announces that payments have been received from the Kurdistan Regional Government for oil sales during July 2020.
The Taq Taq partners have received a gross payment of $4.7 million, with Genel's net share of the payment being $2.6 million.
The Tawke partners have received a gross payment of $35.8 million, with Genel's net share of the payment being $8.7 million.

[thicktony] 01/9/2020 05:51

In fact as the company explained on record they had 18 interested M and A parties , even pre the deleveraging.It will be a consortium that has won what has been a massively competitive private auction.Would be no surprise if the sale was announced this Thursday at HY.

[thicktony] 01/9/2020 05:50

CVX did offer in 2017And the board did turn it down$6bnEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[bigdog5] 01/9/2020 00:47

I'm not Sarah. Nice rewrite of history and spin on the shediak issue. Odd that shediak was "retired" not long after their effort to mislead like so many have been. True to form though.

As for the 43 its well known that's all BS and comes from multi avatars. Probably the same ones that are dusted off by the Penge street crew and the Stockport bore.

You stay with your BS, you're only misleading yourselves which just makes it all the more amusing for those of us that know the facts.

So looking forward to the next round of hype and the spin from you clowns that will have to follow:-)

[beernut] 01/9/2020 00:22

Brent Crude Hits 5-Month High On String Of Bullish News

By Tom Kool - Aug 31, 2020, 10:00 AM CDT
Oil prices rose on Monday morning, with Brent topping $46.50 in early trading, reaching its highest level in over 5 months.

Strong crude demand from China has been one of the most important drivers in the ongoing recovery in oil markets, and in contrast to what many analysts expected, Chinese demand continued to be remarkably robust in July and August.

A survey released this morning showed that China’s services sector grew at its fastest pace in over two and a half years in August. The so-called Non-Manufacturing PMI, together with the Manufacturing PMI are important sentiment gauges for the health of the economy.

Next to positive data from China, a weaker U.S. dollar remains an important factor for crude markets. Other key crude importers in Asia continue to be tempted to purchase oil as a weaker dollar results in lower import bills.

More bullish news for crude markets came from the UAE as Abu Dhabi National Oil Company (ADNOC) said that it plans to cut crude supplies by 30 percent in October. The decision to not ramp up exports after OPEC+ officially eased cuts in August shows the UAE’s commitment to the output cut deal.

Oil prices are set to close the month of August on a stronger note, but both Brent and WTI benchmarks could see headwinds in September as many analysts expect the recovery to slow down as a result of ongoing uncertainty over the coronavirus pandemic and the state of the global economy.

[habshan] 31/8/2020 21:03

Bigdog - "You know the ones that shediak posted up had been installed but I said they hadn't."

It's you isn't it Sarah. It's got to be. It's just not possible that two such cerebrally challenged morons have found their way to the same board.

Shediak didn't say the pumps had been installed, Jimmy Lea did, before he corrected himself.

Shediak then lost no time in posting up Jimmy's correction thus clearing up any confusion.

But then you know that.

You just don't seem to understand that it's that sort of crass puerile and infantile attempt to mislead the grown ups on here that caused 43 people to vote up Bernard Castle's post that pointed out what is obvious to all of us which is that you're a donkey.

You just cannot see why nobody on these boards takes you seriously can you.

[urals] 31/8/2020 19:51

In fact as the company explained on record they had 18 interested M and A parties , even pre the deleveraging.It will be a consortium that has won what has been a massively competitive private auction.Would be no surprise if the sale was announced this Thursday at HY.

[urals] 31/8/2020 19:51

CVX did offer in 2017And the board did turn it down$6bnEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[0ili0] 31/8/2020 19:39

Go and have a rest. You're clearly stressed.

[bigdog5] 31/8/2020 19:32

Hey frenchyliar, what's the share price now LOL. Four years on with failure after failure and its closer to 50p than £3 innit:-) Production at least 10% down on 5 years ago as well. How many ESP's have been installed? You know the ones that shediak posted up had been installed but I said they hadn't. How' did S9 do with the gas flaring problem? I seem to remember predicting it would fail and it did.

But then again as I've called almost everything correct especially since the wipeout its understandable that you have to post up lies to try and discredit.

I was thinking of posting up some predictions for the coming week but na, its more fun watching you all stumbling around trying to spin the disappointments, lol.

[thicktony] 31/8/2020 13:00

In fact as the company explained on record they had 18 interested M and A parties , even pre the deleveraging.It will be a consortium that has won what has been a massively competitive private auction.Would be no surprise if the sale was announced this Thursday at HY.

[thicktony] 31/8/2020 13:00

CVX did offer in 2017And the board did turn it down$6bnEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[beernut] 31/8/2020 09:48

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market.

Brent crude futures for November climbed 27 cents, or 0.6%, to $46.08 a barrel by 0038 GMT, while U.S. West Texas Intermediate crude was at $43.11 a barrel, up 14 cents, or 0.3%.


Brent is set to close out August with a fifth successive monthly price rise, having peaked at $46.23 a barrel on Aug. 5, the highest level since March. WTI is on track for a fourth monthly rise, reaching $43.78 a barrel on Aug. 26 when Hurricane Laura struck.

Oil markets largely shrugged off the hurricane's impact on Friday as energy companies continued efforts to restore operations at U.S. Gulf Coast offshore platforms and refineries shut before the storm.

A weak U.S. dollar has supported oil prices even though fuel demand has struggled to recover amid the coronavirus pandemic and supplies remain excessive, although crude may face hurdles going forward, analysts said.

"We believe that the impact of a cheaper dollar from current levels will see a minimal impact on crude purchases, irrespective of slightly more favorable crude pricing," RBC Capital's Mike Tran said in an Aug. 27 note.

"The relationship between demand and price elasticity is blunted in the current environment, because oil is already cheap and readily available and there currently exist a dearth of buyers."


China's crude imports in September are set to fall for the first time in five months as record volumes of crude are storedin and outside of the world's largest importer, data from Refinitiv and Vortexa showed.

Reflecting concerns about rising supplies and sluggish global economic recovery, hedge funds and money managers cut bullish wagers on U.S. crude to the lowest level in nearly four months, data showed on Friday.

Higher oil and gas prices are also encouraging U.S. producers to resume drilling as the country's oil and gas rig count rose by three to 254 in August, according to data from energy services firm Baker Hughes Co.

Separately, Saudi Aramco discovered two new oil and gas fields in the northern regions, the kingdom's energy minister said on Sunday, state news agency

[nestoframpers] 31/8/2020 08:35

That 6.8% fall might be due to more efficiency I reckon Beernut.Check out Patrick Moore on YT , founder of Greenpeace now a MM climate change skeptic who says we need fossil fuel and nuclear . The GSM is looming folks , fewer and fewer sun spots.

[beernut] 31/8/2020 08:33

Especially with the belt and road initiative

China Encourages Erbil-Baghdad Talks to Resolve Disputes
Aryan Tahsin 2020/08/30 - 13:59 Iraq


ERBIL — China's deputy permanent representative to the UN, Geng Shuang, has welcomed the resumption of the negotiations between the Kurdistan Region and Iraqi governments to find a solution to their disputes.

Shuang said that Erbil and Baghdad should continue the talks on revenue and resource sharing as well as other outstanding differences.

On Iraq, the official asked the international community to help Iraq fight terrorism and rebuild its economy while respecting the country's sovereignty, political independence, and territorial integrity.

“China stands with the government and people of Iraq in their pursuit of peace and development. We support their efforts to safeguard national sovereignty and security. We join their fight against COVID-19 by sending our experts team and providing medical supplies,” Shuang said.

He added that China will continue strengthening its relations with Iraq, especially through the Belt and Road Initiative.

[nestoframpers] 31/8/2020 08:31

I thought PW were the best ! all this speculation re GKP getting mugged ( yet again ) . My take is that the restructuring was a stitch up nodded through from the top Kurd levels , think they are more bothered about being treated right than even long suffering GKP PIs.

[beernut] 31/8/2020 08:29

Fossil Fuels Are Here To Stay

By Irina Slav - Aug 30, 2020, 6:00 PM CDT
Following energy news these days is exciting: there is so much about new batteries, more efficient solar panels, cheaper wind energy, and dozens of EV models coming to a market near you any day now. The future looks bright, emission-free, and electric. All it takes to ruin the vision is a single report, in this case from the International Energy Agency (IEA).

Titled Key World Energy Statistics 2020, the report provides an in-depth look at energy production and consumption trends spanning a period between the early 1970s and 2018. And the data shows that we are still heavily reliant on oil and gas, despite all the progress renewables have made. In fact, the portion of oil and gas in the world’s energy mix is so massive it is doubtful we will ever be fossil fuel-free.


Let’s take a look at consumption, for example. Crude oil accounted for 48.2 percent of final energy consumption globally in 1973. Forty-five years and huge renewable energy advancements later, crude oil’s share in total final energy consumption had fallen by a meager 8.6 percentage points to 40.8 percent.

This is not a lot, even if we acknowledge that the drive to cut emissions started a lot later than the early 70s, so renewables have had less than 45 years to stake their claim as an alternative to fossil fuels. Speaking of which, coal’s share in the mix only fell by 3.6 percentage points in the 45-year period, to 10 percent of the total in 2018.

[urals] 31/8/2020 08:11

In fact as the company explained on record they had 18 interested M and A parties , even pre the deleveraging.It will be a consortium that has won what has been a massively competitive private auction.Would be no surprise if the sale was announced this Thursday at HY.

[urals] 31/8/2020 08:10

CVX did offer in 2017And the board did turn it down$6bnEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[jackpotjack] 30/8/2020 21:27

Ha ha ha... maybe I need Goatcam to help me.

[s0rayad] 30/8/2020 21:26

Dogdog what i would love to hear, is your reflection on the chain of events from your activism into a boardroom coup that ended to a change of ownership to a select group of bondholders.
And you and the master Shag'ists landing a dream job as trolls.
Now that would be interesting!
Doyouseewhatisee

[nestoframpers] 30/8/2020 21:05

How do they know it will be the end of Sept , were they told by Trump ?



BasNews English
@EnglishBasNews
·
1h
A Kurdistan Regional Government (KRG) delegation has arrived in Baghdad to take part in decisive meetings on the budget bill for the next three years.

ERBIL - A Kurdistan Regional Government (KRG) delegation has arrived in Baghdad to take part in decisive meetings on the budget bill for the next three years.

The delegation includes officials from the KRG's ministries of Fiance and Planning who visited Baghdad at the request of Iraq's Ministry of Finance, according to the information BasNews has learned.

The committee of preparing the draft bill is expected to convene on Monday and the meetings on the issue are said to be continued until the end of September.

[thicktony] 30/8/2020 17:32

In fact as the company explained on record they had 18 interested M and A parties , even pre the deleveraging.It will be a consortium that has won what has been a massively competitive private auction.Would be no surprise if the sale was announced this Thursday at HY.