Gulf Keystone Petroleum Share Discussion Threads

[k4n4k] 05/10/2021 07:46

🔜🇺🇲

[s34icknote] 05/10/2021 07:33

Over twelve months thats 102 p eps before costs .What does it cost to run Gkp ?

[s34icknote] 05/10/2021 07:33

Another 8.5 p to the coffers !!!

[ander] 05/10/2021 07:30

All looking good ...hopefully we should have a nice blue day.

[highlander7] 05/10/2021 07:25

Beernut

I think 2 things.

(1) They have agreed the O&G Law

and /or

(2) They have revised the PSC's/ Production Contracts to give the INOC's more incentive to invest long term.


H7

[fairenough11] 05/10/2021 07:22

CHEVRON?

Who'd have thunk it?

[beernut] 05/10/2021 07:20

Hi Highlander.

You thinking with the recent Total 27 billion deal and now Chevrons 8 billion, they’re buttering the Iraq gov up before announcing deals with Kurdistan.
Would be a humble way to get in.

Gla

[beernut] 05/10/2021 07:14

Shaikan Payment Update

Tue, 5th Oct 2021 07:00

RNS Number : 9807N
Gulf Keystone Petroleum Ltd.
05 October 2021



5 October 2021





Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")



Shaikan Payment Update



Gulf Keystone confirms that a gross payment of $38.5 million ($30.1 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $32.1 million ($25.1 million net) for Shaikan crude oil sales during July 2021 and gross $6.4 million ($5.0 million net) in relation to the arrears from the outstanding December 2019 to February 2020 invoices.



Following receipt of the arrears payment calculated based on the KRG's proposed amendment to arrears repayment terms as announced on 13 May 2021, the current outstanding arrears balance is $45.2 million net to GKP. The Company continues to engage with the KRG on its proposal.

[highlander7] 05/10/2021 07:13

"Iraq government committee supports dialogue with Chevron to develop four oil exploration blocks"


Sounds like the large global INOC's are all heading towards Kurdistan.
About time.

IMO

[beernut] 05/10/2021 07:09

From Lse 30 million net payment end in

[beernut] 05/10/2021 06:55

Similar article

Chevon, Iraq had signed framework agreement in Aug 2020

Committee recommends moving ahead with Nebras petchem project

Expansion of Diwaniyah refinery approved

An Iraqi government energy committee backs holding a dialogue with Chevron to develop four exploration blocks in the southern Dhi Qar province, the oil ministry said in a statement Oct. 4, as OPEC's second largest producer continues to court international oil companies to its energy sector.

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Chevron and Iraq's oil ministry had signed in August 2020 "a framework for entering into exclusive negotiation on an exploration, development, and production contract in the Dhi Qar province," according to a US department of energy statement at the time.

Chevron's agreement was part of $8 billion worth of deals signed between US energy companies and Iraq during Prime Minister Mustafa al-Kadhimi's visit to Washington in August 2020.

The committee also recommended to move ahead with the Nebras petrochemical project, the ministry statement said.

Shell is continuing negotiations with Iraq over the 1.5 million mt/year Nebras ethane cracker, Ali al-Janabi, the country chairman of Shell Group of Companies Iraq & UAE told S&P Global Platts Sept. 22

Shell and Iraq signed a detailed heads of agreement on the project in 2015.

Shell has revised down the cost of the project, Janabi said, without disclosing the new figure. The project cost was previously estimated at $8 billion.

The committee also approved the expansion of Diwaniyah refinery, the statement said, without giving more details.

[beernut] 05/10/2021 06:39

OPEC+ choice to drip-feed oil supply sends price to 7-year high
OPEC+ agreed to maintain its schedule of gradual monthly production increases, triggering a surge in crude prices.
By Bloomberg
04/10/2021, 4:08 pm
OPEC+ oil supply
The flag of the Organization of Petroleum Exporting Countries (OPEC) stands on a desk during a news conference at the OPEC Secretariat in Vienna, Austria. Photographer: Lisi Niesner/Bloomberg
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OPEC+ agreed to maintain its schedule of gradual monthly production increases, triggering a surge in crude prices.

Ministers ratified the 400,000 barrel-a-day supply hike scheduled for November after a short video conference on Monday.

Going into the talks, there had been speculation that they could opt for a larger supply increase, but no such proposal was made, delegates said, asking not to be named because the meeting was private.

[beernut] 05/10/2021 06:31

Oil prices jump as OPEC continues monthly crude supply hikes
By GRANT SMITH, SALMA EL WARDANY, JAVIER BLAS AND DINA KHRENNIKOVA on 10/4/2021

LONDON (Bloomberg) - OPEC+ agreed to maintain its schedule of gradual monthly oil-production increases, sending crude prices higher.

Ministers ratified the 400,000 barrel-a-day supply hike scheduled for November in a video conference on Monday, delegates said. Going into the talks, there had been speculation that the group could opt for a larger supply increase in November, but no such proposal was made, they said, asking not to be named because the meeting was private.

West Texas Intermediate crude jumped as much as 2.4% to $77.68 a barrel in New York, the highest in almost seven years.

The agreement comes as OPEC+ appears to be very much in control of the oil market. Crude is trading at multiyear highs without prompting a surge in rival supplies. The cartel’s production policy will be the main factor influencing prices in the coming months, according to oil trader Vitol Group.

Saudi Arabia is sitting pretty, with output close to pre-pandemic levels, the highest petroleum revenues since 2018 and its fellow members largely united behind the plan to gradually revive idle production each month. Washington is also satisfied with that pace of supply hikes, according to a U.S. official who asked not to be named.

[highlander7] 05/10/2021 05:43

Bloomberg

Oil jumped to its highest price since 2014 following OPEC+’s decision to maintain a gradual supply hike even as the natural-gas crisis boosts crude demand.

[supergiantshaikan] 05/10/2021 05:40

From LSEXcruciatingPosts: 29Price: 205.00Strong BuyWhat a job Morgan Stanley etc have doneToday 19:18At current POO, GKP will be spinning off more than its current market cap, in Free cash flow 2022, and retail are still SELLING shares....to the huge investment banks that have been mopping up for years.. ..If it wasn't so corruptly sad it would be funny

[shortsqueezer] 05/10/2021 05:15

Morning all Brent currently 81.59 Which is nice :-)

[sbb1x] 04/10/2021 23:08

Last month there were more than 4,000 stories on the Bloomberg Terminal mentioning the word "#stagflation." That's more than twice as many as in Aug, which itself was a record high going back to 2012, BBG's Cameron Crise wrote. https://t.co/5CkNKRUiXB

[sbb1x] 04/10/2021 23:05

"Prices are at their highest in 7 years. Inventories are about to fall to their lowest in 10 years," said Damien Courvalin from Goldman Sachs. "It sets the stage for another meaningful leg higher here." #OOTT https://t.co/FL1j5DjwYb

[nestoframpers] 04/10/2021 19:41

POO at $40 and GKP BE , POO at $82 and GKP ... Chooo Chooo

WTF we are doing at under £5 is beyond insane .

[gazebo79] 04/10/2021 19:40

I will say one thing. Ive had zero problem adding. Thankyou very emu 12 etc