Gulf Keystone Petroleum Share Discussion Threads

[s34icknote] 05/10/2021 11:48

5.5 times earnings at 64 dollars oil sbb 250p

[shortsqueezer] 05/10/2021 11:40

50k buy at 213 :-)

[sbb1x] 05/10/2021 11:39

20% upside by end of the month 250 target.

[beernut] 05/10/2021 10:16

Gulf Keystone gets second arrears payment from Kurdistan government

Tue, 5th Oct 2021 09:56Alliance News
(Alliance News) - Gulf Keystone Petroleum Ltd on Tuesday confirmed it received a second payment from the Kurdistan regional government regarding crude oil sales and outstanding invoices.

The London-listed oil producer, which operates in Iraq, received a gross payment of USD38.5 million. Of the total sum, USD30.1 million is net to Gulf Keystone.

The payment comprised of USD32.1 million for Shaikan crude oil sales during July this year and USD6.4 million related to arrears from outstanding invoices from December 2019 to February 2020.

In May, the Kurdistan regional government asked the oil producer to reduce the pace at which it is paying arrears.

The regional government cited the impact of Covid-19 on Iraq and the improved global price of oil for the amended payment schedule.

The amendment was applied from its March invoices. So far, Gulf Keystone has received a gross payment of USD35.1 million for crude oil sales during March and April, which was USD27.4 million net to the company.

The current outstanding arrears balance is USD45.2 million net to Gulf Keystone.

"The company continues to engage with the Kurdistan regional government on its proposal," the company commented.

Gulf Keystone shares were up 2.9% at 211.00 pence in London on Tuesday.

By Josie O'Brien; [e-mail]

[beernut] 05/10/2021 10:12

OD not sure if you’re invested here but my thoughts are any positives help.
Non investors jut fill the bb with filtered posts to troll through.
So to speak😂

[officerdigby] 05/10/2021 10:06

Beernut were you one of those kids in school. That reported back to all what said in PG?!PG of LSE.. :-)

[beernut] 05/10/2021 10:01

Lse same. CCC posted still out at no but wished people well with their investment.

[beernut] 05/10/2021 09:58

Sp rocketing and not a troll in sight.

[sbb1x] 05/10/2021 09:51

New 52 week high of 213.50 lovely

[nestoframpers] 05/10/2021 09:39

The Germans have found it doesn't work , they are building coal power stas .

[highlander7] 05/10/2021 09:31

Ive written mine.

He is going to quadruple the number of offshore wind turbines apparently. Thats what the tax hikes are really for.

[nestoframpers] 05/10/2021 09:24

Email your MPs and complain about Boris's green plan it is a disaster.

[nestoframpers] 05/10/2021 09:15

Funny isn't it when there is no need for it , it might be a NWOs ploy to add fuel to the greening bomb fire, all coming as we face winter.

[highlander7] 05/10/2021 08:58

Bloomberg - latest

No Crude Oil For You!

It certainly doesn’t calm anybody’s stagflation radar — stagfladar? — that oil prices keep going through the roof as energy crises flare all over the world. And there’s no immediate relief in sight. Liam Denning writes that, even with high prices, U.S. oil producers don’t want to pump more of it because investors punish them for it.

The petrostate supergroup known as OPEC+ doesn’t have to worry about tiresome investors. But it’s in denial about just how scarce oil is getting around the world, writes Julian Lee. Today the group agreed to stick to a plan of leisurely production increases, inspiring more frantic buying.

Something will have to give here.

[nestoframpers] 05/10/2021 08:46

A Fri finish over 209 would be a break out from the new up trend .

[hydrocarbon1] 05/10/2021 08:39

What's not to like! Oh yeah, I guess we will be told later :-)

[s34icknote] 05/10/2021 08:30

Production rising Oil price rising With possibility of doubling production longer term .

[s34icknote] 05/10/2021 08:29

First half revenue 130 million So we could be running at 100 million dollars higher than pa Thats an extra 34 p pa on top of first half performance of 44 pa 22 six months ?

[beernut] 05/10/2021 08:21

All looking good

KRG receives 200 billion dinars from Baghdad, Region's MoF says
Kurdistan
Kurdistan
2021-10-04 15:38
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A
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Shafaq News/ The Kurdistan Regional Government (KRG) has received 200 billion dinars from the Federal Government of Iraq, the Region's Ministry of Finance (MoF) said earlier today, Monday.

A brief press release by the Ministry said that the amount received by the Region's government is an "advance" pending the Federal Monitoring Committee's audit into the incomes of the Kurdistan Region.

Under the 2021 budget law, which was passed by a majority of Arab and Kurdish legislators after months of wrangling, KRG is committed to producing no less than 460,000 bpd of oil.

After deducting expenses for production operations in the region, transport of oil and the domestic consumption of crude oil, KRG must hand over to Baghdad revenues generated from regional oil exports of 250,000 bpd, according to Iraq's Oil Marketing Company (SOMO) pricing, in exchange of a fixed share that equals 12.6% of the Federal budget.

[beernut] 05/10/2021 08:18

Sp going vertically so far today.
Gla

[shortsqueezer] 05/10/2021 08:16

I wouldn't be surprised if we get another divi before Christmas

[hydrocarbon1] 05/10/2021 08:08

L2 looking okay

[attyg] 05/10/2021 07:55

Apologies if already explained some time ago, but why do we not receive 80% of the $32.1m ie $25.68m?

"...The payment is comprised of gross $32.1 million ($25.1 million net) for Shaikan crude oil sales during July 2021."