Gulf Keystone Petroleum Share Discussion Threads

[beernut] 01/9/2020 14:25

Kurdistan delegation to Baghdad discloses the details of the budget law draft
Kurdistan
Baghdad
federal financial budget law
2020-09-01 09:50
A- A A+
Shafaq News / The Kurdistan Regional Government delegation participating in preparing the drafts of the federal financial budget laws for the years (2021-2023) stressed the need to reach a political agreement between Erbil and Baghdad to resolve all differences and outstanding issues between the two sides.
Member of the delegation, Undersecretary of the Ministry of Planning in the region, Zagros Fattah, said in a statement today, Tuesday, that the region’s delegation met with the supreme committee concerned with preparing budgets for the years (2021-2023), indicating that the goal of the Kurdistan delegation’s participation in those meetings is to establish the necessary technical matters for the region in the financial budgets for the coming years.
Fattah explained that the delegation's responsibility to meet with the relevant ministries and departments in the federal government and to estimate the revenues generated from sources of income to determine the needs of the Kurdistan Region.
"The delegation informed Iraqi officials of the necessity of concluding a political agreement between Erbil and Baghdad on several issues (oil, port revenues, and taxes) to determine the region's dues in the budget", He said.
Fattah added, "the Kurdistan Region's share of investment budgets must be spent in the financial budgets for the coming years".
He also revealed at a meeting yesterday, the price of one barrel in the 2021 budget was estimated at 43 dollars, and for the years 2022 and 2023 at 46 dollars per barrel of crude pointing that, "during the meeting, we stressed the need to determine the shares of the governorates of the Kurdistan region at a time when these quotas were neglected in the previous year's budgets",
Last Sunday, Fattah said in a press statement that the Iraqi Ministry of Finance held a meeting and discussed the proposal of the International Monetary Fund and the International Central Bank to change the budget system from a one-year budget to a three-year budget.

[beernut] 01/9/2020 14:24

Kurdistan delegation to Baghdad discloses the details of the budget law draft
Kurdistan
Baghdad
federal financial budget law
2020-09-01 09:50
A- A A+
Shafaq News / The Kurdistan Regional Government delegation participating in preparing the drafts of the federal financial budget laws for the years (2021-2023) stressed the need to reach a political agreement between Erbil and Baghdad to resolve all differences and outstanding issues between the two sides.
Member of the delegation, Undersecretary of the Ministry of Planning in the region, Zagros Fattah, said in a statement today, Tuesday, that the region’s delegation met with the supreme committee concerned with preparing budgets for the years (2021-2023), indicating that the goal of the Kurdistan delegation’s participation in those meetings is to establish the necessary technical matters for the region in the financial budgets for the coming years.
Fattah explained that the delegation's responsibility to meet with the relevant ministries and departments in the federal government and to estimate the revenues generated from sources of income to determine the needs of the Kurdistan Region.
"The delegation informed Iraqi officials of the necessity of concluding a political agreement between Erbil and Baghdad on several issues (oil, port revenues, and taxes) to determine the region's dues in the budget", He said.
Fattah added, "the Kurdistan Region's share of investment budgets must be spent in the financial budgets for the coming years".
He also revealed at a meeting yesterday, the price of one barrel in the 2021 budget was estimated at 43 dollars, and for the years 2022 and 2023 at 46 dollars per barrel of crude pointing that, "during the meeting, we stressed the need to determine the shares of the governorates of the Kurdistan region at a time when these quotas were neglected in the previous year's budgets",
Last Sunday, Fattah said in a press statement that the Iraqi Ministry of Finance held a meeting and discussed the proposal of the International Monetary Fund and the International Central Bank to change the budget system from a one-year budget to a three-year budget.

[0ili0] 01/9/2020 12:31

Cash is king. Keep it coming.

[habshan] 01/9/2020 11:07

"Assuming Brent average for July-20 was ca $43/bbl,
...why was only $7.8M net received?"

Discounts in the physical market fluctuate and during the recent mayhem they were fluctuating a lot more than usual:-

"Crude oil in the physical market trades at a premium or discount to Brent, West Texas Intermediate and other benchmarks. At times of surplus, premiums narrow and discounts widen. But the current situation is almost unprecedented, with discounts in some cases at multi-decade highs."

[pensioner2] 01/9/2020 10:35

Voleon are going to have to chase this, imo.:) It could be a good day for the share price

[thicktony] 01/9/2020 09:53

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 +

[thicktony] 01/9/2020 09:49

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 09:49

RNS stated No more TR1 related to this distributionAstaris now under 5%Whom now owns the 11% distributed?

[thicktony] 01/9/2020 09:48

Poo was marginally higher in July over JuneProduction pretty consistent

[broadford bay] 01/9/2020 09:44

Assuming Brent average for July-20 was ca $43/bbl,

...why was only $7.8M net received?

Was it because the daily output was much less than 36Mbopd?

Or was it because the WI% used, for both CO and PO, was much less than 80%?

Or was it because the MNR only able to pay a reduced amount due to their ongoing financial difficulties?

[nestoframpers] 01/9/2020 09:42

Well we got paid, and we are profit making but the amount per bll seems pitiful.

@ 32k a day for 31 days in July , that is 992,000 blls and we got $7.8 mill so that is $7.86 a bll .

Poo rising so the future looks very bright for who ever is running Shaikan in the years to come.

[habshan] 01/9/2020 09:38

Shaikan Payment Update

Gulf Keystone confirms that a gross payment of $10.0 million ($7.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during July 2020.

[pensioner2] 01/9/2020 09:37

Gulf Keystone Petroleum Ltd.

01 September 2020

1 September 2020

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Shaikan Payment Update

Gulf Keystone confirms that a gross payment of $10.0 million ($7.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during July 2020.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.


Yes, not at all bad, SS, for a sludge producing dying field about to go bust.

[shortsqueezer] 01/9/2020 09:34

Not too shabby !http://uk.advfn.com/stock-market/london/GKP/share-news/Gulf-Keystone-Petroleum-Ltd-Shaikan-Payment-Updat/83172648?xref=newsalert

[pensioner2] 01/9/2020 09:13

Voleon now chasing it up? Was that the last orders bell in the last chance saloon?

[ticketmaster] 01/9/2020 09:09

Whom indeed! I can tell you one thing for sure, its not me. :)

No negative effect on SP, so it can't be all bad

[beernut] 01/9/2020 09:03

Robust Chinese Demand Fuels Oil Market Recovery

By Yousef Alshammari - Aug 31, 2020, 2:00 PM CDT
Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week's price rally. Traders are also expecting deeper OPEC+ cuts of 1.15 million bbl/d in August and September. As a result, Brent crude traded above $46 which was mainly driven by the supply disruption triggered by the hurricanes in the Gulf Mexico, which affected around 84% of the USGC production where around 1.7 million bbl/d remain offline.

Laura, a category 4 hurricane made landfall early Thursday last week, in the Southwestern part of Louisiana. becoming one of the most powerful storms in history to hit the state. More than 310 offshore platforms, out of 643, were evacuated in addition to nine refineries leading to a 2.7 million bbl/d outage, around 15% of the US refining capacity. Furthermore, initial reports reveal that the damage caused to the refineries is minor, but continuing power outages could delay the resumption of refining operations.

[thicktony] 01/9/2020 08:59

RNS stated No more TR1 related to this distributionAstaris now under 5%Whom now owns the 11% distributed?

[nestoframpers] 01/9/2020 08:58

Sothic a MOCs lackey.It's a living I suppose.

[beernut] 01/9/2020 08:55

RNSToday 08:42
TR-1: notification of major holdings

Sothic reduced to 4.71%

[thicktony] 01/9/2020 08:27

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 08:27

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 +

[misha_hitstinks] 01/9/2020 08:26

GKPhero,

Give us,

Egor Sellars.