Gulf Keystone Petroleum Share Discussion Threads

[hydrocarbon1] 04/6/2021 09:31

NOR maybe they are finally wakening up to these facts. Positive piece.

[nestoframpers] 04/6/2021 09:27

06/03/2021

Economy News _ Baghdad

Oil Minister Ihsan Abdul-Jabbar stressed, on Thursday, that limiting international companies' investment to the oil and gas sector will not serve the Iraqi economy, declaring the country's interest in developing petrochemical and other industries and infrastructure.

In his speech during the St. Petersburg International Economic Forum, followed by "Economy News," Abdul-Jabbar said, "Keeping international companies' investments in the field of oil and gas only does not lead to a healthy coherent economy, but rather produces an economy linked to one or two commodities."

"We are trying to reach strategic goals in the petrochemical industry and other industries and infrastructure services, and there is progress, but it is simple compared to progress in the oil and gas industry," he added.

He pointed out that "the successive crises in the Middle East, the region and Iraq in particular were the most important reasons for the decline in those industries, and Iraq went through dangerous stages, and the Mosul crisis was the most dangerous, but now the normal situation is being restored."

Abdul-Jabbar stressed, "We need to encourage investors to open up more and have greater confidence in the Iraqi market to ensure progress in these industries."

He pointed out that "Iraq and Russia have an ancient history and joint activity in the energy industry in general and the oil and gas industry in particular, and some projects implemented by Russian companies since the seventies of the last century are still productive to this day."

The minister continued, "Currently, the major Russian oil companies operating in Iraq, such as (Lukoil), (Gazprom) and (Rosneft) are investing in Iraq's oil fields, stressing, "We are keen that these companies complete the development and investment plan in our oil fields and provide them with all support." administrative and financial.

And Abdul-Jabbar added, "We are keen in the Ministry of Oil to diversify relations with investors of different nationalities and countries, and we are working to increase the volume of Russian investments in the near time."

He declared that "there are great opportunities for Russian companies in the field of implementation of works, oil services and projects," noting that "Russia's share of those businesses is still modest compared to the size of its companies."

He stressed that "the oil fields in Iraq are subject to strict protection and monitoring by the government, and the Iraqi society in general is a society friendly to the oil industry, and the oil facilities are largely safe."

He added, "All successive governments since 2003 until today have agreed to support companies operating in the oil and gas, and the current government directs to support investors and fulfill their obligations despite the Corona crisis, and this indicates the integrity of the Iraqi investment environment."

Abdul-Jabbar concluded by saying, "We are working seriously on diversifying the horizons of investments, and the idea of ​​having major international companies working in the oil and gas field, accompanied by the idea of ​​pumping investments in other sectors."

hxxps://economy-news.net/content.php?id=25289

[nestoframpers] 04/6/2021 09:24

Yes HC , I am sure we'd have heard had it happened.

[hydrocarbon1] 04/6/2021 09:13

NOR Probably translation problem. Maybe "would be enough"
If passed we would have had numerous reports showing top guys in pics claiming they solved the problems for the good of Iraq/Kurdistan,
Hope I am wrong though.

[nestoframpers] 04/6/2021 09:08

The VP of the World Bank told them get on with it you muppets.

[k4n4k] 04/6/2021 09:05

Maybe sooner than you think...🤷205;♂️
🦁🦁🦁

Parliamentary Finance sets the date for the agreement between Baghdad and Erbil on the budget
calendar.png 06/03/2021


Baghdad - Al-Mawrid News

A member of the Parliamentary Finance Committee confirmed, on Thursday, the convergence of views in the Kurdistan Regional Government and the Federal Government to agree on the mechanism for implementing the Federal Budget Law.

Committee member from the Patriotic Union of Kurdistan, Shirwan Mirza, said that the delegation of the Kurdistan region, headed by Qubad Talabani, Vice President of the Regional Government, returned to Erbil, noting that, according to what Qubad Talabani announced, there is a convergence of views between the two sides and close to the agreement between them.

He added, "He expects to reach the agreement within the next week," noting that the committee has no information about any further visit of the Kurdistan delegation to Baghdad in the coming days

[nestoframpers] 04/6/2021 08:43

I dont speak Arabic so not sure what this is about.

1-06-2021



Faisal Dijla: The approval of the oil and gas law was enough to reduce the crisis between Baghdad and Erbil Image

[steephill cove] 04/6/2021 08:21

Also for GKP share purchases to count for Dividend pay outs, you need to ensure that they are purchased before the last business day before both record dates and GKP kindly told you when they both are ;-)

And then there is the double GKP dividends to look forward to, just 35 days apart ;-)

The annual dividend of $25 million is expected to be paid on 2 July 2021, based on a record date of 25 June 2021. The special dividend of $25 million is expected to be paid on 6 August 2021, based on a record date of 30 July 2021

[steephill cove] 04/6/2021 08:16

Do not forget to vote for the AGM resolutions in favour of the two dividends. Cut off can be 10 days before the AGM which is on 18/6...

And then there is the double GKP dividends to look forward to, just 35 days apart ;-)

The annual dividend of $25 million is expected to be paid on 2 July 2021, based on a record date of 25 June 2021. The special dividend of $25 million is expected to be paid on 6 August 2021, based on a record date of 30 July 2021.

[k4n4k] 04/6/2021 08:02

Should rise now Zak's following pile in and load up their ISAs.🦁Ԏ09;🦁

[mrtoddkozel] 04/6/2021 05:45

HTTPS://twitter.com/Paul47293202/status/1400503732639567876?s=19

[mrtoddkozel] 04/6/2021 05:42

HTTPS://twitter.com/Paul47293202/status/1400353226516537345?s=19

[steephill cove] 03/6/2021 22:39

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

174 finally filled....

And now looking good for 182 ;-)

[steephill cove] 03/6/2021 22:38

And then there is the double GKP dividends to look forward to, just 35 days apart ;-)

The annual dividend of $25 million is expected to be paid on 2 July 2021, based on a record date of 25 June 2021. The special dividend of $25 million is expected to be paid on 6 August 2021, based on a record date of 30 July 2021.

[steephill cove] 03/6/2021 22:37

Just in case you missed it earlier...

By the way... It is a matter of just a few days before the start of Q3 & time for the SH-13 well to start drilling for increased production ;-)

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.

[steephill cove] 03/6/2021 22:33

Semi Retired GKP former Chief Executive Officer & INSIDER Jon Ferrier decides NOT to to TAKE 1,700,000 pounds tax paid WINDFALL in CASH, but decides to INVEST in nearly 1 million shares in GKP instead...

He will be retired shortly ;-)

RNS Number : 2981A
Gulf Keystone Petroleum Ltd.
01 June 2021

In the past month, Mr Jon Ferrier, Gulf Keystone's former CEO, exercised all vested nil-cost options under the 2016 Value Creation Plan, resulting in the issuance of 999,453 nil-cost options after satisfaction of the tax liability arising upon exercise.

[steephill cove] 03/6/2021 22:13

Semi Retired GKP former Chief Executive Officer & INSIDER Jon Ferrier decides NOT to to TAKE 1,700,000 pounds tax paid WINDFALL in CASH, but decides to INVEST in nearly 1 million shares in GKP instead...

He will be retired shortly ;-)


RNS Number : 2981A
Gulf Keystone Petroleum Ltd.
01 June 2021

In the past month, Mr Jon Ferrier, Gulf Keystone's former CEO, exercised all vested nil-cost options under the 2016 Value Creation Plan, resulting in the issuance of 999,453 nil-cost options after satisfaction of the tax liability arising upon exercise.

[k4n4k] 03/6/2021 22:12

Arf Arf 🐕🐕🐕

[bigdog5] 03/6/2021 22:01

He did nestof but as has been explained several times he was caught out ramping and playing his own book. Everything he posted turned out to be without any substance.

[nestoframpers] 03/6/2021 19:17

Kirkuks big Bro BBBS called it.

[nestoframpers] 03/6/2021 19:16

Why they keep calling Shaikan "World Class".

From above Re Iraq fields.

"The cost of extracting oil is between 15 and 17 dollars per barrel"

[nestoframpers] 03/6/2021 19:12

Economy News _ Baghdad


Member of the Parliamentary Finance Committee, Representative Jamal Kougar, confirmed, on Thursday, that the state's resources are not in line with its expenditures, indicating that the increase in oil prices will be used in three matters.

Cougar said in a press interview, "The state's resources are not in line with its expenditures, and therefore oil prices so far are normal and there is no significant increase in them," noting that "setting the price of a barrel of oil in the budget by $45 is considered the net of these expenses that we receive, considering The cost of extracting oil is between 15 and 17 dollars per barrel, in addition to the price determined in the budget."

Cougar added that "Iraq has debts, as it borrowed internally and externally during the past years, and it also has obligations, so it needs large liquidity, and therefore this increase in oil prices is not sufficient to meet part of the state's need despite reducing the budget and making it a budget similar to the emergency budget."

Cougar pointed out, "If oil prices rise significantly, we will have several areas that we can benefit from. Either we go to a supplementary budget or adjust the bank reserve because it was 82 billion dollars, it fell to 56 billion dollars, now it began to rise to 65 billion dollars, and therefore We are trying to restore it to what it was, or we go to repay the debts owed by the state, including loans from Iranian companies, contractors' dues, and foreign loans."



hxxps://economy-news.net/content.php?id=25287

[nestoframpers] 03/6/2021 19:03

Economy News - Baghdad



Prime Minister Mustafa Al-Kazemi and Deputy Prime Minister of the Kurdistan Regional Government Qubad Talabani affirmed commitment to the terms of the financial budget for the current year, and solving the outstanding problems between Baghdad and Erbil.

Talabani said in a statement seen by "Al-Iqtisad News", "I discussed with Iraqi Prime Minister Mustafa Al-Kazemi the latest developments regarding relations between the Kurdistan Regional Government and the federal government, especially the mechanism for implementing the 2021 budget and ensuring the region's financial dues."

He added, "We reaffirmed our commitment to the budget law in order to solve outstanding problems in accordance with the constitution and the law to build a sustainable and long-term understanding."

A Kurdish delegation headed by the Vice President of the Kurdistan Regional Government, Qubad Talabani, is currently visiting Baghdad to meet officials in the federal government regarding the outstanding issues between the two parties.



hxxps://economy-news.net/content.php?id=25282