Gulf Keystone Petroleum Share Discussion Threads

[officerdigby] 15/9/2021 08:58

I wonder could it be this new MNR chap's hands on approach is partially to blame.Testing to tank etc. To " not waste a single drop..".. Thus has slowed down testing and restricted options.To the point where the rig is half way into new drill before the issues have come up. I mean normally you test a bit b4 you move rig, it seems all wrong way round now.

[beernut] 15/9/2021 08:56

Share price packing a punch this early today.
Gla

[kurdman63] 15/9/2021 08:38

Good Morning 😃

What's this 🤔 MNR not happy bunnies.

Can't wait to read the press reports on corporate governance 😂

Back in London next week having dinner with one of the largest shareholders 😱

I wonder what the topic of discussion will be ???

[highlander7] 15/9/2021 08:23

Malcy

Oil price

A modest rally in oil as the remaining agency comments came in more positive than recently. Opec still see Covid slightly hitting demand but still expect 99m b/d in 4Q 2021and better than previously expected. The IEA see signs emerging of Covid abating and with that demand should see a robust rebound and with strong pent-up demand make longer term GDP growth possible.

2022 demand is now looking stronger across the board with non-Opec supply falling for a number of short and longer-term reasons. Part of that are the effects of Hurricane Ida which still keeps production and refining held and whilst it has just been downgraded to a Tropical Storm, Nicholas is raging up the Texas coast.

And it’s retail gasoline day but the numbers are scrambled by the aforementioned hurricane, accordingly and with the driving season gone expect a quietening down for the time being. A gallon will rush you $3.165 which is down 1.1 cents w/w, off 0.9c m/m and still up 98.2c y/y. Finally the election in Norway has led to a landslide for centre left party Jonas Gahr Stoere.

[pensioner2] 15/9/2021 08:16

It looks like the golden cross will be tomorrow and not today. The first one set off this uptrend we're now in.

[highlander7] 15/9/2021 08:09

"Iraq relies on the revenues from selling crude to cover more than 90% of state expenditures"

and that isnt going to change any time soon either. In fact the pressure is on to maximise production revenue before the OP starts to fall again. IMO

They will need time and money to diversify their economy in time.

[sinopec_gkp_new_owners] 15/9/2021 08:02

GULF KEYSTONE"A CASH COW WITHOUT COMPARISON"LOLSEE HERE THE ANALYSIS :)HTTPS://twitter.com/GoodnightCharl1/status/1437994189061599235?s=19

[beernut] 15/9/2021 06:58

Rising oil prices might end the financial deficit, official says
Economy
Oil prices
financial deficit
2021-09-14 19:03
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Shafaq News/ Muzhar Muhammad Salih, the economic and financial advisor to the Iraqi Prime Minister, Mustafa Al-Kadhimi, commented on the possibility of ending the financial deficit in the 2022 budget after the rise in oil prices.

Salih told Shafaq News Agency, "The rise in oil and non-oil revenues is the basis for ending the deficit in the upcoming budgets."

"Adherence to the same spending limit in the 2022 budget and similarly to the 2021 budget, with annual average oil prices of no less than $65 per barrel, and doubling non-oil revenues, will lead to reducing the deficit to the limits of the ratio drawn by the effective financial management law, which amounts to about 3 % of Iraq's GDP", he said.

Salih concluded his speech by saying, "This, by its nature, leads to the realization of the so-called phenomenon of financial consolidation or discipline as a goal of sustainability and financial stability for the country."

According to preliminary figures in the draft financial budget for next year, the total size of the budget ranges between 120 and 140 trillion dinars, with a deficit of 20 percent.

The size of the financial budget for the current year, which was approved by Parliament at the end of last March, amounted to 129 trillion dinars, and a deficit of 28 trillion.

Iraq relies on the revenues from selling crude to cover more than 90% of state expenditures, which has put the country in a stifling financial crisis the year as a result of the decline in oil prices in global markets due to COVID-19.

[beernut] 15/9/2021 06:56

Iraq’s Intriguing Oil Price Cuts for U.S. Buyers
Economy
Oil Price
2021-09-15 06:35
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Shafaq News/ When it comes to pricing its crude, Iraq’s tried and tested approach has long been to closely follow whatever Saudi Arabia does. Next month, Baghdad is deviating from that path -- posing an intriguing question as to why -- by announcing sharp cuts, writes Bloomberg oil strategist Julian Lee.

Iraq slashed the price of its benchmark Basrah Light crude relative to the comparable Saudi Medium grade for U.S. buyers next month. That almost never happens: the competing Middle Eastern grades normally follow each other pretty closely, but the discount for Iraq barrels lifted next month will be the widest it’s been since the April 2020 market crash.

So what’s afoot? It could be that Iraq’s price setters have had more time than their Saudi counterparts to assess the impact of Hurricane Ida on U.S. production and refining systems. and they’ve come to the conclusion that the deeper cut was needed to service that market’s requirements.

But vessel tracking data monitored by Bloomberg show that 82% of Iraq’s crude exports to the U.S. so far this year have gone to the west coast, a region untouched by the storm.

So perhaps the widening price gap between the two grades reflects an attempt to rectify a slump in U.S. buying of late. The tanker tracking data show that shipments slumped in June and July, picking up briefly last month before falling again in the first part of September.

Or maybe it’s a combination of these things, given that Iraq also cut its official September price when Saudi Arabia imposed a small increase. Either way, this does not look like the start of an oil-price war just yet, and the most eye-catching changes have been for deliveries to the U.S. - now a small market for both producers - rather than to other regions.

Source: Bloomberg

[highlander7] 15/9/2021 06:46

"There are hundreds of opportunities out there and I don’t get why people hang around for the one they believe to be the life changer…. You’ve missed loads blinkered waiting on GKP"


Thats what they said about ASOS Jack , that went from a few pence to ~ £65 in ~ 13 or so years. Just dont put all your eggs in a single basket is the message.

H7

[sinopec_gkp_new_owners] 15/9/2021 05:47

A CASH COW WITHOUT COMPARISONLOLSEE HERE THE ANALYSISHTTPS://twitter.com/GoodnightCharl1/status/1437994189061599235?s=19

[sinopec_gkp_new_owners] 15/9/2021 05:19

HTTPS://twitter.com/GoodnightCharl1/status/1437994189061599235?s=19

[sinopec_gkp_new_owners] 15/9/2021 05:08

HTTPS://twitter.com/Paul47293202/status/1437338999815872512?s=19

[sinopec_gkp_new_owners] 15/9/2021 05:08

SOLD BEFORE CHRISTMAS . HTTPS://twitter.com/OilGasTracker/status/1435194672633237506?s=19.Read the estimated cash flows!! :AFTER 2022 CAPEX and AFTER paying 100m dividend again, they still have 230m in the bank year end 2022...... So 150/200 dividend 2022 very possible.. But its sold before Xmas,as the FDP submission will either have the new operators name on it (friendly deal), or a hostile takeover will ensue.

[sinopec_gkp_new_owners] 15/9/2021 05:07

There's several paid sentiment bashers operating 24/7 on retail bulletin boards advfn and LSEPUTUP THEORYMAN INVSTRAT, CCC DAVROS.BIGDOG ,NOBULL ,  KURDMAN ETC ETC  with over 35,000 negative posts between them ALL HERE (LOLOLOLOL) are  chief among them .Here's just SOME of the funds these BROKERS KNOCKERS  have been helping to build HUGE STAKES pre very obvious TAKEOVER . . HTTPS://t.co/Z88zToqHbm

[sbb1x] 14/9/2021 23:08

80$ oil coming doggie and nothing you can do about it.

[bigdog5] 14/9/2021 23:06

After 12 years and 12 wells if any of the exagerated Kozel barrels were there the proof would be clear and obvious. Not one of the four CPR's has increased the Reserves and the most recent one has decreased them.

The results that have come since the restructure over five years ago and the performance of the field since then are a clear sign that the field has huge issues.

It can be seen that virtually none of the plans that were announced prior and just after the Restructure have been achieved. 55k was expected to be a slam dunk still hasn't arrived over five years on. They were producing in excess of 40k six years ago and are only around the same number now. Of the ESP's that were mentioned only one installed.

Its also clear that after 12 years and 12/13 wells drilled they still don't have a grasp on the field. S9 failed twice to find the gas cap. S12 found water much higher than they expected forcing them to abandom their original plans to produce from the lower zone. That clearly has/will have a huge impact on the Reserves they say they have.

The field is extremely complex and the data from the Kozel era has been proved to be BS. Enjoy the dividends while they last as imho they don't have the expertise/funds to take production much above 55k.

Will they be able to prove to the hosts they can march onto 75k a day with all the costs involved whilst at the same time trying to solve the massive gas flaring problem, ESP's and pressures, Water, falling Reserves and tired wells?

55/57k and quit?

Just a mull.

[sbb1x] 14/9/2021 22:41

Oil going back over 74$ imoOil draws after Oil draws continues Oil heading for a new 52 week high very soon and GKP gonna have another go at breaking 200.

[sbb1x] 14/9/2021 21:59

Massive oil draw lionsAnother big #oil and products draw:#API #OOTTCrude: -5.437M Cushing: -1.345M Gasoline: -2.761M Distillates: -2.888M

[jackpotjack] 14/9/2021 20:55

There are hundreds of opportunities out there and I don't get why people hang around for the one they believe to be the life changer.... You've missed loads blinkered waiting on GKP.Up to you but personally will never waste so much of my investing life on one share but will happily take the mad Divi this cash machine is paying out!

[nestoframpers] 14/9/2021 20:40

Jackpot the LTHs are here for the Jackpot , Divis although a decent sign are inconsequential, we have been right for 12 years since before 1st oil despite the constant bashing and market tomfoolery, that will be seen in the end when a proper payday materialises , thanks.

[sinopec_gkp_new_owners] 14/9/2021 20:07

SH 13 flowing at 7,200 blls/dayOn choke, hooked up to PF Production capacity now 57k

[sinopec_gkp_new_owners] 14/9/2021 20:06

HTTPS://twitter.com/Paul47293202/status/1437338999815872512?s=19

[sinopec_gkp_new_owners] 14/9/2021 20:06

SOLD BEFORE CHRISTMAS . HTTPS://twitter.com/OilGasTracker/status/1435194672633237506?s=19.Read the estimated cash flows!! :AFTER 2022 CAPEX and AFTER paying 100m dividend again, they still have 230m in the bank year end 2022...... So 150/200 dividend 2022 very possible.. But its sold before Xmas,as the FDP submission will either have the new operators name on it (friendly deal), or a hostile takeover will ensue.

[sinopec_gkp_new_owners] 14/9/2021 20:06

There's several paid sentiment bashers operating 24/7 on retail bulletin boards advfn and LSEPUTUP THEORYMAN INVSTRAT, CCC DAVROS.BIGDOG ,NOBULL ,  KURDMAN ETC ETC  with over 35,000 negative posts between them ALL HERE (LOLOLOLOL) are  chief among them .Here's just SOME of the funds these BROKERS KNOCKERS  have been helping to build HUGE STAKES pre very obvious TAKEOVER . . HTTPS://t.co/Z88zToqHbm