Gulf Keystone Petroleum Share Discussion Threads

[beernut] 23/12/2020 06:22

Kurdistan reaches a deal with Baghdad regarding financial dues
Kurdistan
iraq
breaking
2020-12-22 20:45
A- A A+
Shafaq News / The Kurdistan Regional Government's delegation to Baghdad announced on Tuesday that it had reached an agreement with the federal government regarding the financial dues.

After nearly 15 days of negotiations with senior officials in the federal government and Iraqi political parties, Qubad Talabani, deputy prime minister of the region said in in a press conference that Baghdad approved to refinance the salaries of employees of the public sector in the region, in addition to determine Kurdistan’s share in the 2021 federal budget.

Under the constitution, the Kurdish region is entitled to a share of the Iraqi national budget. But that arrangement collapsed in 2014, when Iraq’s army fled the north in the face of an advance by ISIS.

The Kurds seized control of Iraq’s main northern oil fields at Kirkuk from ISIS and began selling Kirkuk’s oil independently; Baghdad stopped sending money to the Kurds.

In 2017, after ISIS was driven out of the north, the Kurds held an independence referendum, voting overwhelmingly to secede. But the central government responded by swiftly launching a military offensive and recapturing control of Kirkuk, which quashed the Kurdish independence bid.

The central government and the Kurds have yet to agree on a full plan to resume payments from Baghdad to the Kurdish region.

The 2018 budget, passed in parliament despite a boycott by Kurdish lawmakers, calls for the 17 percent of total revenue allocated to the Kurds to be cut in line with the region’s share of Iraq’s population, which is disputed.

In 2020, The governments of Iraq and Kurdistan have reached an agreement on Erbil’s contribution to the federal budget.

The deal includes a transfer of 250,000 barrels per day (bpd) from the oil-producing region to Iraq’s national budget in exchange of securing the financial dues of the region.

However, Kurdistan said that the federal government did not keep their promise of sending the all financial duties to the region.

[chicagojack] 23/12/2020 04:33

#GKPWhen @Gulf_Keystone announce sale their will be uproar , because overnight shareprice will increase by minimum 2,000%, perhaps >5,000%They have been bound by an implementation agreement.But their have been clues to what's coming.And here's one https://t.co/AJ5J5q2f8H

[chicagojack] 23/12/2020 04:33

Takeover BEFORE 2021 :) Here's a prudent valuation range: https://t.co/oPYCs2A83u

[steephill cove] 23/12/2020 01:31

McFly02:- Sarah, what drivel you talk as a tin pot day trader trying to squeeze a penny here & there...

[bigdog5] 22/12/2020 23:06

hab SHAM you didn't reply to Mac's post of:-

"SH12 was drilled with OIL BASED drilling fluid along with SH9. What they found ABOVE the known OWC obviously isn't water based drilling fluid."

I seem to recall that "drilling fluid" has been used as an explanation on previous wells over the years.

[bigdog5] 22/12/2020 22:59

Now why is hab SHAM ducking a reasonable question? I'll repeat it.

So hab SCAM you and h7 are categorically stating that what they've discovered at the latest wells is drilling fluid? That there is no water whatsoever? That none of the kit that you've been mentioning in your rants against BB has anything to do with handling any water at the PF's or anywhere?

So you're saying its all "dry oil" are you?

Well are you hab SHAM?

[mcfly02] 22/12/2020 22:19

Habscam 🤡

How long is it taking to do simple workovers ???

How long to fit these off the shelf pumps ???

Leave it to the experts 😂😂😂

People have died waiting for the experts to get their act together.

It's funny how so many avatars all disappear around 9pm.

Anyone would think it's the same person 😂🤡

PAUL CARROLL 🤡

[sbb1x] 22/12/2020 22:12

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[habshan] 22/12/2020 21:12

"Take away SH 9,11,12 because they came after the 45k number.
So tell us again how stable things are"

Jeez it's like trying to educate a 5 year old.

The field output fell because the wells that hadn't been maintained and cleaned up in ten years did what all wells do and went into decline because they were full of crud. All in line with expectations.

Wells 1&3 were then worked over and their output doubled, again all in line with expectations.

New wells were drilled and once the debottlenecking of PF-1 is finished output will be restored to the 45kbpd that you mention, once again all in line with expectations.

When the lockdown is lifted the workovers of the original PF-2 wells will be done and the 2 new wells will be completed and brought on stream which will take production to 55kbpd or more.

And during all of that the reservoir has behaved in a stable manner, has performed as predicted and steady reliable production has been maintained.

So there you are Sarah, I hope that's clear.

If it isn't, ask somebody else, I'm off to bed.

[nestoframpers] 22/12/2020 20:45

Kurdistan 24 English
@K24English
·
1h
Kurdistan PM
@masrour_barzani
spoke with US
@SecPompeo
today. "We focused on continuous strengthening of KRG-US relations, the role the US can play in KRG-Baghdad talks, & regional issues." Barzani thanked
@SecPompeo
for his "personal support for the people of Kurdistan."

[mcfly02] 22/12/2020 20:40

Habscam 🤡

When John G was CEO the field got to 45k and it then declined and the only way it's stayed stable as you put it lol, is to drill more wells.

Take away SH 9,11,12 because they came after the 45k number.

And let's deduct the extra from the retubing of SH 1 & 3.

So tell us again how stable things are 😂😂🤡

[habshan] 22/12/2020 20:08

Straight over your head Sarah.

What was it you were saying about Sh-12?

You can't remember can you.

Oh dear. Never mind.

[chicagojack] 22/12/2020 20:02

Takeover BEFORE 2021 :) Here's a prudent valuation range: https://t.co/oPYCs2A83u

[chicagojack] 22/12/2020 20:02

#GKPWhen @Gulf_Keystone announce sale their will be uproar , because overnight shareprice will increase by minimum 2,000%, perhaps >5,000%They have been bound by an implementation agreement.But their have been clues to what's coming.And here's one https://t.co/AJ5J5q2f8H

[chicagojack] 22/12/2020 19:53

Takeover BEFORE 2021 :) Here's a prudent valuation range: https://t.co/oPYCs2A83u

[chicagojack] 22/12/2020 19:53

#GKPWhen @Gulf_Keystone announce sale their will be uproar , because overnight shareprice will increase by minimum 2,000%, perhaps >5,000%They have been bound by an implementation agreement.But their have been clues to what's coming.And here's one https://t.co/AJ5J5q2f8H

[habshan] 22/12/2020 19:37

"SH12 was drilled with OIL BASED drilling fluid along with SH9. What they found ABOVE the known OWC obviously isn't water based drilling fluid."

Funny you should mention the known OWC.

Sh-7 is one of our most prolific wells.

It produces from the Butmah.

May - "Reservoir performance has shown no signs of free water or gas demonstrating stable and predictable field performance."

September - "The Shaikan reservoir continues to perform in line with expectations"
"Shaikan's continuing stable low-cost production performance has been a welcome constant."
"The Shaikan reservoir continues to perform well despite a significantly reduced programme of additional wells and workovers."
"Steady and reliable production."

[k4n4k] 22/12/2020 19:23

Information technology... it's a great thing in the hands of the corrupt.

[chicagojack] 22/12/2020 19:19

#GKPWhen @Gulf_Keystone announce sale their will be uproar , because overnight shareprice will increase by minimum 2,000%, perhaps >5,000%They have been bound by an implementation agreement.But their have been clues to what's coming.And here's one https://t.co/AJ5J5q2f8H

[chicagojack] 22/12/2020 19:19

Takeover BEFORE 2021 :) Here's a prudent valuation range: https://t.co/oPYCs2A83u

[mcfly02] 22/12/2020 19:13

Habscam Mr 10 votes lol.

I laugh at the time it takes you to do that 😂🤡

Now then.

SH12 was drilled with OIL BASED drilling fluid along with SH9. What they found ABOVE the known OWC obviously isn't water based drilling fluid.

[chicagojack] 22/12/2020 18:53

#GKPWhen @Gulf_Keystone announce sale their will be uproar , because overnight shareprice will increase by minimum 2,000%, perhaps >5,000%They have been bound by an implementation agreement.But their have been clues to what's coming.And here's one https://t.co/AJ5J5q2f8H