Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 29/11/2021 09:59

If the Barzani family were not worth $50 Bn then KRI might be a place of opportunity for the youth to stay in . Same with Maliki .

ERBIL — Kurdistan Region Prime Minister Masrour Barzani on Sunday received UK Ambassador to Iraq, Mark Bryson-Richardson, with whom he discussed various topics, the KRG said.

The prime minister "addressed the reforms of the ninth cabinet to diversify sources of income and strengthen the economy," reads a press release by PM Barzani's office.

"They discussed the latest developments in Iraq following the October elections and both agreed on the importance of respecting the results," the press release added.

Exchanging views on the situation of migrants stranded on the EU borders, the two sides stressed the need "for cooperation in stopping the criminals involved."

Thousands of migrants from Iraq and the Kurdistan region, who have traveled to Belarus over the past few months, are stranded on the country's border with Poland as the EU continues to reject taking them in.

Last Tuesday, PM Barzani spoke by phone with Vice President of the European Commission Margaritis Schinas to discuss the situation of the migrants. A statement by the premier's office said at the time: "In their exchange, both agreed that international smuggling networks have used the migrants for political purposes."

The prime minister also called for long-term strategic cooperation with Iraq and the European Union to reduce illegal migration in the region, according to the statement.

[nestoframpers] 29/11/2021 09:47

Sunday 28 November 2021 21:09

Baghdad / NINA / - The Iraqi Drilling Company announced, on Sunday, the signing of a partnership contract with the Chinese company, SINOPEC.

A statement by the company stated that it signed today, Sunday, at the company's headquarters in Al-Barjisiya, Basra Governorate, a partnership contract with the Chinese Sinopec Company to provide drilling and reclamation services, which enhances the technical capabilities of the Iraqi Drilling Company in implementing drilling and reclamation projects.

According to a company statement, the two drilling rigs IDC 37 and IDC 38 affiliated to our company will be operated in this project, and that the targeted reservoirs in this project are the Mishref reservoir, Nahr Bin Omar and Zubair reservoir, which provides additional production capacity for the field.

The statement added, "This project is a continuation of our company's contracts with the Italian company ENI, as our company achieved great success in implementing the previous project and completing all wells with high quality and before the scheduled completion period."

Last Tuesday, the Iraqi Drilling Company signed a contract for support oil services with the international company Schlumberger for a period of three years to implement drilling services for 37 oil wells in the Zubair field in Basra for the Italian company ENI, the operator of the field./ End 8

hxxps://ninanews.com/Website/News/Details?key=941701

[banggone] 29/11/2021 09:16

I am sure Lansdowne who hold over 32,000,000 shares bricking themselves, over the gaps , never selling 1 only adding for 4 years LOLOLOLOLJust like me.TAKEOVER ANNOUNCEMENT IMMINENT

[pensioner2] 29/11/2021 09:13

There's a more immediate one at 193.

[sbb1x] 29/11/2021 08:34

Another gap created this morning @176.80

[banggone] 29/11/2021 08:23

Where's Lion King ?

[steephill cove] 29/11/2021 08:04

Shorters oh dear 🥊

They will be buying back rapidly 👋

[highlander7] 29/11/2021 07:06

Biden’s Blunder Could Send Oil Prices To $100
By Irina Slav - Nov 28, 2021, 12:00 PM CST

Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar.

President Biden’s efforts to push oil-importing countries to release crude from their reserves could end up having a very bullish effect on oil markets
OPEC and Russia account for over half of the world’s oil production and may well decided on December 2nd that it is time for them to act

When President Biden announced earlier this week that the federal government would be releasing 50 million barrels of crude from the strategic petroleum reserve, perhaps those around him expected prices to go down significantly and stay down. Instead, prices rose, and OPEC+ gave a heavy hint it might cut supply. By Friday, oil prices fell sharply, but that was due to a new wave of Covid-19 fears and has little if anything to do with Biden's announcement that oil would be unleashed from emergency stockpiles.

But what comes next could send oil to $100.

Energy analysts warned that a release of SPR may not have the desired effect. They explained that however many barrels the U.S. or its partners in Asia and the UK release, OPEC could withhold more and for longer. They explained that the SPR crude is sour, and refiners don't like it because it needs additional processing to reduce the sulfur content—a process that requires natural gas, which is also expensive currently. These explanations fell on deaf but determined ears. Now, analysts are warning about $100 Brent.

"It's not going to work simply because the strategic petroleum reserve — any country's strategic petroleum reserve is not there to try to manipulate price," said Stephen Schork, editor of the Schork Report, speaking to CNBC earlier this week. "There's a considerable amount of bets out there that we will see $100 a barrel oil," he added.

John Kilduff of Again Capital put it even more bluntly: "The battle lines are being drawn," he told Bloomberg this week. "Certainly, OPEC and the Saudis can win this in that they are holding all the cards. They can keep more oil off the market than a SPR release can put on the market. If you see WTI get under $70, then I would expect a response from OPEC+."

What's more, the planned release of these 50 million barrels will not happen overnight. It won't happen over a week, either. In fact, the plan is, per an Argus report, to offer long-term loans of up to 32 million barrels of crude from the SPR—sour crude, at that—and to sell another 18 million barrels over several months. For starters, there is no guarantee about the degree of uptake of the oil loans. For seconds, 18 million barrels over a few months amounts to less than 1 million barrels per day on average.

[highlander7] 29/11/2021 06:09

Bloomberg....

Cases of the new omicron coronavirus variant are spreading and the WHO says symptoms are mild so far.

[nestoframpers] 28/11/2021 22:38

-34.7 C in Sweden , I hope Greta is freezing ;o)

[frenchybannedme] 28/11/2021 22:20

That video is 2 guys on Youtube, who are not experts on the subject, trying to convince us the SA virus is not a problem.


That's not quite the same as "Sth African virus is not a problem", is it.


Eh.



Can you see how Conspiracy Theory works now?

(Well obviously the OP won't because they're fully invested in it)

[nestoframpers] 28/11/2021 21:28

Sth African virus not a problem, Boris et al trying it on again.

[banggone] 28/11/2021 20:04

Dow futures been bouncing up and down :)

[banggone] 28/11/2021 16:33

HTTPS://twitter.com/GoodnightCharl1/status/1464995567663304716?t=QycpHNnffXr2mFK6Eq50iQ&s=19

[nestoframpers] 28/11/2021 15:28

IT IS DOING WHAT THE COLD VIRUS IN THE 1800'S DID ,MUTATING SO IT SURVIES AND SPREADS WITHOUT KILLING IT'S HOST , OR AT LEAST NOT TOO MANY OF THEM. whoops caps on

[habshan] 28/11/2021 13:32

BangGone - Actually Dow weekend futures reversed from -250 to +125. Not that I care.

Me neither, although it's fascinating to watch how these things play out and how the markets react to these situations.

Meanwhile, while the latest storm blows itself out GKP will carry on developing the field, get Sh-14 on stream, workover Sh-10&11 and continue collecting their $30 million a month.

By the end of the year we will have around $240 million in the bank plus another $60 million or so in yet to be paid invoices.

And an expected production of 55kbpd.

So all looking good.

[bigdog5] 28/11/2021 13:08

"The tragedies have left many wondering why so many people from the semi-autonomous Kurdistan Region of Iraq, which has oil resources and a reputation for being relatively secure, stable and prosperous, would want to undertake such perilous journeys".

Is the "last great frontier" such a marvellous place for investment?

Does the rhetoric and the figures differ?

Meanwhile clueless rampers feverishly sweat over the direction of the oil price and what it means for the overvalued share price

[banggone] 28/11/2021 12:52

Really handy peer group comparison metricsIf GKP were trading at sector average , would be double figures now.That's the huge market suppression, that's helped the huge accumulation by investment bankers and hedges prior to very obvious monumental TAKEOVER.HTTPS://twitter.com/OilGasTracker/status/1451144720063860737?t=H-LtoXUHFd2FJ_ptTjyfMA&s=19