Gulf Keystone Petroleum Share Discussion Threads

[the patriotic irishman] 13/5/2021 08:26

REPEAT


GKP is a one trick pony operating in an extremely unstable and volatile area of the world whilst under the complete control of a politically corrupt regime 🤦‍a94;️


here piggy piggy


SQUEEEEEEEEEEEEEZE 😂 😂 😂

[beernut] 13/5/2021 08:15

Genel Energy notes new Kurdistan terms for catch-up oil payments
The KRG said that the changes comes as a result of ongoing challenges presented by the COVID-19 pandemic in Iraq.

Genel Energy PLC - Genel Energy notes new Kurdistan terms for catch-up oil payments
Genel Energy Plc (LON:GENL) relayed to investors proposed amendments to the repayment schedule for monies owed by the Kurdistan regional government for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

Previously, the KRG began paying oil producers 50% of the incremental revenue in any month in which the Brent oil price exceeded US$50 per barrel, as a method of repaying arrears.

It is now intending to instead pay 20% of those incremental revenues. The KRG added that it will apply the change from March invoices onwards and payments will be made within 60 days of invoicing. Also, it added that it may re-evaluate the payment model if markets see substantial volatility.

Genel, in a stock market statement, said: “The proposal has not been discussed with, or accepted by, Genel, and we look forward to discussing it with the KRG shortly.”

[pensioner2] 13/5/2021 08:14

That's a tasty 10%+ yield at this crazy share price It won't remain so high by the time it's paid imo.

[beernut] 13/5/2021 08:13

Update on Kurdistan Payments
May 13, 2021 01:51 ET
| Source: DNO ASA





Oslo, 13 May 2021 – DNO ASA, the Norwegian oil and gas operator, today reported that Kurdistan’s Minister of Natural Resources has informed the international oil companies operating in the region of an intention to extend the payment period for arrears built up from non-payment of certain invoices in 2019 and 2020.

As widely reported, last December the Prime Minister of Kurdistan announced a decision to pay the companies 50 percent of incremental revenue in any month in which Brent prices exceed USD 50 per barrel towards the arrears. The revised terms reduce the payment of the withheld amounts to 20 percent of incremental revenue above USD 50 per barrel.

The Minister also advised that all international oil company invoices, including towards withheld amounts, will now be settled within 60 days of receipt.

DNO is reviewing its position and will engage with Kurdistan to seek agreement regarding payment terms, interest on the arrears and revised lifting arrangements.

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For further information, please contact:
Media: [e-mail]
Investors: [e-mail]

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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Netherlands, Ireland and Yemen.
This information is subject to the disclosure requirement

[beernut] 13/5/2021 08:12

Update on Kurdistan Payments
May 13, 2021 01:51 ET
| Source: DNO ASA





Oslo, 13 May 2021 – DNO ASA, the Norwegian oil and gas operator, today reported that Kurdistan’s Minister of Natural Resources has informed the international oil companies operating in the region of an intention to extend the payment period for arrears built up from non-payment of certain invoices in 2019 and 2020.

As widely reported, last December the Prime Minister of Kurdistan announced a decision to pay the companies 50 percent of incremental revenue in any month in which Brent prices exceed USD 50 per barrel towards the arrears. The revised terms reduce the payment of the withheld amounts to 20 percent of incremental revenue above USD 50 per barrel.

The Minister also advised that all international oil company invoices, including towards withheld amounts, will now be settled within 60 days of receipt.

DNO is reviewing its position and will engage with Kurdistan to seek agreement regarding payment terms, interest on th

[jackpotjack] 13/5/2021 07:57

Well as a positive it's only a small amount of a large cash pile.... a lot of oil co borrow to maintain Divi and that is defo short term lipstick on a pig.

[the patriotic irishman] 13/5/2021 07:46

'special dividend' eh 😲


well that was a extremely 'well timed' and 'choreographed' announcement 🤔



GKP still the prettiest girl on the dance floor eh 🤦‍a94;️



nah me thinks this springs to mind 😂 😂 😂


lipstick on a pig:

Some superficial or cosmetic change to something so that it seems more attractive, appealing, or successful than it really is.



eeh bah gum - its good in ere innit - rattle rattle 😋

[officerdigby] 13/5/2021 07:37

RNS: Due to high OP. We think you're getting the money we owe you (lost in by our good selves in Lebanon(?)), back too quickly. And we think we should hold on to it a bit longer and play with it. We decided to pay you at 40% of rate agreed jut today. Have a nice day, BYE!.

[pensioner2] 13/5/2021 07:35

Nice work, Mc.