Gulf Keystone Petroleum Share Discussion Threads

[punter26] 28/5/2021 10:25

Yes,Pensioner2 - I appreciate its not an either/or situation. What intrigues me is why THEY seem hold the opinion that the buyback is THE best outcome ?

[kurdmam36] 28/5/2021 10:21

Good morning all, how's the GKP Boiler Room this morning? Any progress LOFL.

It would appear that Penge high command subbed rovershyte as he was failing miserably with his stalking and pointless irrelevant posts and brought on another lightweight devoid of any logical or rational argument. They can't do reality.

Having noted how I easily tore to shreds fanny schmeller's 16 point posts the Penge gang called on lifeson, no don't laugh.

Zero progress, share price under 1p, fallen production, requirement to spend their savings, shrinking shaiCON, majors have exited Kurdistan, what's too like?

[pensioner2] 28/5/2021 10:19

Punter26, it's not an either/or situation. The dividend is declared and will be paid. Any buyback would be on top of that.

[kurdmam63] 28/5/2021 10:17

On KRG reforms...

The result is already visible, as most government projects have been halted. Roads are no longer repaired, electricity cuts have become more frequent and longer. The Kurdish government wants to privatise the electricity sector, hoping to lose a number of its own employees this way.

But sending away people and cutting cost is not enough. Also the ‘organogram217; of the government has to change, Talabani said, “we used a law of 1940 to set it up, they did not even know Excel then.”

To illustrate what problems the government has to cope with because of the lack of modernisation in the past, he mentioned that the salary payments for those 1.4 million civil servants “is done by hand and takes three weeks. We are working to make it electronic so we can stop people from taking two or three salaries, and some getting paid who are not even there.”
hxxp://rudaw.net/english/opinion/25032016?

Like, they didn't even know, like, Excel in 1940.

Meanwhile, in Independence Referendum news...

[punter26] 28/5/2021 10:15

The usual suspects over on the LSE board insist there is no practical difference resulting between the financial benefit to share holders of the company's proposed share buy-back OR the dividends, and yet at the same time they seem to be constantly pushing for the buyback option as being the best outcome for all. If as they say, there is no practical difference, then why do they always seem to push for that option over the dividend. Does anyone have any thoughts ?

[kurdman63] 28/5/2021 09:41

I wonder who the Chairman will be 😂

[mrtoddkozel] 28/5/2021 09:34

TICK TOCK count down time is disappearingTo TAKEOVER ( possibly HOSTILE)FIRST hopefully a leveraged recapitalisation..There will come a moment where this EXPLODESAnd it's not far away

[mrtoddkozel] 28/5/2021 09:34

They have authority in place from LAST YEAR'S AGM to:1. Buyback in the market.( If they were doing that they would announce the fact)2. More interestingly, they also have the authority to buy back on any terms they like , without telling anyone....Hopefully they have used a proxy, an investment bank, to buy up a big chunk over the past 2 years....

[steephill cove] 28/5/2021 09:28

There are gap ups to be filled on the GKP chart at 174 & 182. It is inevitable that they will be filled ;-)

[nestoframpers] 28/5/2021 09:27

{Economic: Al Furat News} A senior expert at the World Bank, Wael Mansour, revealed, on Thursday, important details in his report on Iraq.

Mansour said in a televised interview, “Negative growth of the national product reached 10%, which is one of the worst growth that we see after 2003, and we attribute it to the drop in the oil price, the OPEC Plus agreement, which reduced oil production, and the Corona pandemic that hits many sectors, including services, religious tourism, and others.” .

He pointed out, "a sharp decline in financial resources, and the government has taken harsh measures, including the reduction of all spending outside wages and salaries, and we have seen a sharp decline in public investment and social benefits and all programs that can support growth and reduce poverty and a sharp decrease in it."

Mansour stressed, "The World Bank is very interested in the factor of growth and sustainable growth, the need for diversification and job creation outside the oil sector, and a basic necessity for women's participation in the labor market, given that Iraq is among the lowest in the world in this aspect."

And he indicated that "if Iraq is able to achieve policies and involve women in the labor market 2.

2.5 billion dollars as a result of burning gas associated with the extraction of oil and losses in agriculture and water.”

Mansour continued, “The solutions to Iraq’s problems have become a large structure that accumulates from one government to another, and the solutions are not easy and not immediate, and we are talking about problems in the public sector, electricity and infrastructure, and a very small banking sector that does not exist. And it is not supportive of the public sectors.” And he

noted, “We are aware of the importance of the current government’s white paper, which diagnoses with such accuracy and danger, and rings an alarm bell for the Iraqi economic situation and says that the solution is not immediate, and there must be short-term measures, and all reforms require a pause and a political decision in the first place.”

Mansour concluded, “Not diving into these reforms means recurring problems from one government to another with the low exchange rate of the dollar against the Iraqi dinar,” adding, “We do not set conditions on Iraq, but rather offer advice to increase imports, and with the improvement of the oil price, it is a good look, but it hides 3 risks.” The first is the political and security risk that overthrows all economic recovery and the risk of fluctuations in the oil price and may drop to 50 or 40 dollars per barrel. The other danger is the absence of reform and the failure to implement the white paper, which means a loss of 11 billion dollars for Iraq.

The expert at the World Bank stressed that "reforms affect salaries, electricity, social protection networks and other government-supported aspects," noting that "the e-government puts Iraq in the back ranks in terms of corruption and management efficiency."

Wafaa Al-Fatlawy

[kurdman63] 28/5/2021 09:20

Good Morning 😃

Absolutely stunning day yesterday while Paul and Dave bounced off the walls of ADVFN thinking they make a difference 😂

[smallukdog] 28/5/2021 06:45

TICK TOCK count down time is disappearingTo TAKEOVER ( possibly HOSTILE)FIRST hopefully a leveraged recapitalisation..There will come a moment where this EXPLODESAnd it's not far away

[smallukdog] 28/5/2021 06:43

They have authority in place from LAST YEAR'S AGM to:1. Buyback in the market.( If they were doing that they would announce the fact)2. More interestingly, they also have the authority to buy back on any terms they like , without telling anyone....Hopefully they have used a proxy, an investment bank, to buy up a big chunk over the past 2 years....

[nestoframpers] 27/5/2021 22:23

BasNews English
@EnglishBasNews
·
1h
Both Iraq and the Kurdistan Region have welcomed the adoption of UNSC Resolution 2576 extending the mandate of UNAMI in Iraq, which also includes monitoring the upcoming parliamentary elections.

3h
Prime Minister of Kurdistan Region, Masrour Barzani, welcomed a delegation from the US-led Coalition in Erbil on Thursday, discussing the Kurdistan Regional Government's (KRG) security reforms.

12h
The United States has reaffirmed its support for Iraqi Prime Minister Mustafa al-Kadhimi and his government against the Iran-backed Shia militias.

[nestoframpers] 27/5/2021 21:09

State of play with the KRG and the budget.

[nestoframpers] 27/5/2021 20:55

Thanks to Hydrocarbon1 for answering the buy back ?

[pensioner2] 27/5/2021 18:10

That daily chart looks unreal with the lower line drawn as if by a ruler.

[mrtoddkozel] 27/5/2021 17:28

HTTPS://twitter.com/GoodnightCharl1/status/1397952327525490692?s=19

[mrtoddkozel] 27/5/2021 17:11

HTTPS://twitter.com/Paul47293202/status/1397569673722478602?s=19

[mrtoddkozel] 27/5/2021 17:10

They have authority in place from LAST YEAR'S AGM to:1. Buyback in the market.( If they were doing that they would announce the fact)2. More interestingly, they also have the authority to buy back on any terms they like , without telling anyone....Hopefully they have used a proxy, an investment bank, to buy up a big chunk over the past 2 years....

[bigdog5] 27/5/2021 17:07

You're a fraud Paul. Six years of bogus takeaways is all the proof anyone requires. You're only conning yourself and the other clueless rampers here at Fantasy HQ.

[mrtoddkozel] 27/5/2021 16:08

THEIR IS A CLEAR EXPECTATION THAT THE SHARE CAPITAL WILL CHANGE PRIOR TO THE AGM IN 3 WEEKSBUYBACK/LEVERAGED RECAPITALISATION BEFORE THEN :)This resolution authorises the Company to make market purchases of its own Common Shares. The authority limits the number of Common Shares that could be purchased to a maximum of 21,187,050 (representing approximately 10% of the aggregate issued Ordinary Share capital of the Company as at 12 May 2021) and sets minimum and maximum prices.XXXXXXXX In the event the issued share capital changes before the date of the AGM, an amendment to the resolution will be proposed at the AGM by the Chairman to reflect the updated maximum number of shares being 10% of the aggregated issued Ordinary Share capital. XXXXXXThis authority will expire at the conclusion of the AGM in 2022. The authority will be exercised only if the Directors believe that to do so would result in an increase in earnings per share and be in the best interests of shareholders as a whole. Any purchases of Common Shares would be by means of market purchases through the London Stock Exchange.

[k4n4k] 27/5/2021 15:46

Shaikan - the field of dreams.

Is it Oilwoman then?

[steephill cove] 27/5/2021 15:35

Here come the paid subscription ADVFN deramping crew en masse. Not quite going the way your paymasters wanted after the weekend attempted poop & scoop article is it..

You have just allowed GKP to share buyback up to 10 per cent of cheaper GKP units to retire shortly ;-)