Gulf Keystone Petroleum Share Discussion Threads

[mrtoddkozel] 03/6/2021 14:01

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[k4n4k] 03/6/2021 13:21

Arf Arf 🐕

[eyesandears] 03/6/2021 12:51

Thick Dog says no one is interested. He obviously is. He has wasted years of his life on here 😂🤣😂

[steephill cove] 03/6/2021 12:25

Looking good for the 182p gap that needs filling..

Especially, as I see that we have been heavily tipped by Zak Mir as a stock to fill up your annual ISA allowance with ;-)))

ISA Ideas: Gulf Keystone #GKP

Gulf Keystone (GKP): 175p

This one is relatively easy to sum up, currently producing a whopping 43190 bopd from their Shaikan field in the Kurdistan region of northern Iraq and aiming to increase to 55000 bopd by Q1 2022 beginning with the drilling of the SH-13 well in Q3 of 2021, GKP are valued at £369m and are sitting on a cash pile of $161m

With one of the lowest Opex around at $2.6/bbl, GKP are heavily leveraged to oil prices and with record production levels for 2021 must be loving these current oil prices, recently being described as a cash machine by a well-known investment analyst. Also, with the resumption of regular payments to GKP from the Kurdish Regional Government (KRG) for the last eleven months and the demise of ISIS political risk has diminished considerably. Repayment mechanisms are in place to recover outstanding arrears of $73.3 million too.

Confident enough to re-instate its annual dividend beginning with $25m this year and stating that with continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year. Growing production, growing cash, dividends back in place (possibility to grow), lowering costs, strong oil prices. Buy for growth and dividend. Risks have shifted from political to the oil price.

[habshan] 03/6/2021 11:54

"Eleven years on and 13 wells later and still no one interested,"

Jon Ferrier's sure as hell interested Sarah. He's just opted to hold a million shares when he could have walked off into the sunset with £1.7 million in cash.

And if he doesn't know what's what nobody does.

[mrtoddkozel] 03/6/2021 11:30

HTTPS://twitter.com/GoodnightCharl1/status/1400355310792065025?s=19

[mrtoddkozel] 03/6/2021 11:30

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[bigdog5] 03/6/2021 11:27

Any signs of Paul's mythical takeaway? Eleven years on and 13 wells later and still no one interested, why?

Is it because of what was contained in the recent Ekurd article?
Is it because everyone knows The Kozel barrels are complete BS?
Or that its widely recognized the problems the field has with pressure and water?
Is it because of the four separate CPR's and what's contained therein?
Could it be that its recognized there's been a huge downgrade to the 2P?
Or is it the issues between Erbil and Baghdad and them unable to agree anything?
Could it be that the hosts are viewed as unreliable with payments?
Or that they make the rules up as they see fit to suit themselves?

The Majors never waste any time in snapping up what they consider decent fields.

Thirteen wells, eleven years on, heavy oil, one zone, production low 40's, explains so much doesn't it?

[nestoframpers] 03/6/2021 10:14

1 - June - 202 1

The Prime Minister, Mustafa Al-Kazemi, received today, Tuesday, the Vice President of the World Bank Group for the Middle East and North Africa, Mr. Farid Belhaj and his accompanying delegation.

During the meeting, they discussed ways to enhance cooperation between Iraq and the World Bank in various programs and fields, and with regard to mechanisms to combat corruption and rebuild the public service structure in a way that raises efficiency, establishes sustainable development and optimal investment of human capital. Iraq and agree on ways to reactivate it.

The Prime Minister affirmed Iraq's determination, despite all challenges, to proceed on the path of economic reform, according to long-term visions based on effective solutions.

His Excellency indicated that the government puts in mind the interests of Iraq first and the needs of the Iraqi people, in addition to benefiting from the advice provided by discreet financial institutions such as the World Bank.

For his part, Mr. Belhaj praised the Bank's historical and strategic relations with Iraq, and pointed to the sobriety of the reform white paper presented by the government, which includes a coherent vision for ambitious economic development in a way that enhances the goals of good governance.


Enlarge this image Click to see fullsize

Prime Minister Mustafa Al-Kazemi receives the Vice President of the World Bank Group 1-6-202102


Enlarge this image Click to see fullsize

Prime Minister Mustafa Al-Kazemi receives the Vice President of the World Bank Group 1-6-202103





hxxps://pmo.iq/press2021/1-6-202101.htm?fbclid=IwAR0KCG9BRg7Hf8BVNqcS1YwIUebWytgPIqJaba1Y0P_sLSnG8YxUG1LB2OE

[pensioner2] 03/6/2021 09:34

Whatever the reason for the fortnightly updating of major shareholders was in 2021, it's now slipped to monthly (last one 4/5/21). That 4+m shares change by HH must be the reason they don't want this intel to be public knowledge. But why? Where did they go?

[beernut] 03/6/2021 09:24

The Guardian 33 minutes ago
Oil at two-year high as demand recovers – business live
Rolling coverage of the latest economic and financial news
Introduction: Brent crude highest since 2019
API shows crude stockpiles fell last week - sources
Pump jacks in front of a drilling rig in an oil field in Midland, Texas.

[beernut] 03/6/2021 09:22

Larger Than Expected Crude Draw Fuels Oil Price Rally

By Julianne Geiger - Jun 02, 2021, 3:45 PM CDT
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 5.36-million barrels for the week ending May 28.

Analysts had predicted a draw of 2.114 million barrels for the week.


In the previous week, the API reported a draw in oil inventories of 439,000 barrels after analysts had predicted a draw of 1.050 million barrels. Since the start of 2020, crude oil inventories have grown by more than 46 million barrels, according to API data.

[pensioner2] 03/6/2021 09:22

Cup nearly complete. Just the last bit and then the handle...

[mrtoddkozel] 03/6/2021 08:36

HTTPS://twitter.com/GoodnightCharl1/status/1400355310792065025?s=19

[mrtoddkozel] 03/6/2021 08:36

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[mrtoddkozel] 03/6/2021 08:35

$8 billion for 1 billion barrels of reserves in over 2,000 metres of water in the Atlantic 185km off the coast of Brazil.Jun 02, 2021.

[kurdmam36] 03/6/2021 08:34

Ok different country, lighter oil but $8bn for 1bn reserves!!! Good to see big acquisitions are still out there

hxxps://oilprice.com/Energy/Energy-General/Multinational-Majors-Announce-Billion-Dollar-Investment-In-Brazilian-Oil-Field.html

Goat Cam - always first with the news! 🐐📹🤣

[mrtoddkozel] 03/6/2021 08:02

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[habshan] 03/6/2021 07:42

$8 billion for 1 billion barrels of reserves in over 2,000 metres of water in the Atlantic 185km off the coast of Brazil.

Jun 02, 2021.

[shortsqueezer] 03/6/2021 07:11

Brent 71.87 :-)

[busamitch] 02/6/2021 23:21

You may enjoy these Fauci emails, released under FOIA. You can download as a PDF.

[nestoframpers] 02/6/2021 23:06

What will Biden do once it is realised the virus was China made ? Got to happen IMO.

[eddie47] 02/6/2021 22:30

Sinopec it is then!

[nestoframpers] 02/6/2021 21:41

Nadhim Zahawi is a dodgy geezer alright, should be called Teflon Tony.

[sbb1x] 02/6/2021 21:41

#OOTTCrude -5.36Cushing +0.741Gas +2.51Distillate +1.585