Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 10/12/2021 09:17

"KRG can do, and will do what they want"

Well yes they can. However the PSC's are a Contract and as such subject to Contract Law. Any one of the parties named in that contract can be liable to the penalties included in that Contract and can be held accountable under International Contract Law IF they are in breach of same. As the KRG are just about to find out - yet again.

Have they forgotten Dana ? and the effect this could have on others considering investing in Kurdistan ?

H7

[banggone] 10/12/2021 09:13

How many cheap as chip shares have the MNR mafia collected pre takeover whilst controlling newsflow ??A nice little Swiss bank like UBS would be the place to hold them, that's where they have held oiler assets previously.10,500,000 sat there as of 15/10.....no shareholder update now for 8 weeks....Always been every 2-3...Tock tockThe bargain of the century...Sold BEFORE CHRISTMAS

[goatcam] 10/12/2021 08:57

KRG can do, and will do what they want. That’s why our share price is so low. Any other place in the world we would be £4+. Just look at GKP and Genel’s all time share charts and tell me it’s been good for investors.....

[fairenough11] 10/12/2021 08:54

Shades of AB/BB/SA.How much do the KRG owe Genel?I don't think the KRG have a leg to stand on.

[simoore89] 10/12/2021 08:40

Genel news dragging down so today

[nestoframpers] 09/12/2021 19:13

that Rudaw article I posted this Am said KRG were $28 Bn in debt , they are owed way more than that from ICG from unpaid budget allocation.

[broadford bay] 09/12/2021 18:50

Laugh till the tears come...

"...Transparency is central to the cabinet's agenda..."

"...The KRG acknowledges the positive feedback received from domestic and international stakeholders..."

"...The KRG has published the reports containing verified statistics..."

Yea, right, of course they did!

Who verified the Export Meters?
What documents were presented to verify the sums received and how were these documents verified?

The sector watchdog has said that 30% of audits it inspected weren’t of good enough quality in the year to the end of March-2021 - and that was for the UK efforts!

Barzani Rules, you can take that to the bank.+

[goatcam] 09/12/2021 17:26

Yep FDP submission could come any day. I’m just not a firm believer that the FDP will have some someone else’s name as operator. Will buy you all Rolex’s if I’m wrong !

[highlander7] 09/12/2021 17:25

Deloitte Report on Kurdistan Region Oil and Gas
9th December 2021 in Iraq Oil & Gas News

Deloitte report on Oil and Gas review in the Iraqi Kurdistan Region - Q1 and Q2 of 2021

The KRG has published the reports containing verified statistics covering the Kurdistan Region's oil exports, consumption and revenues for covering period 1 January 2021 to 30 June 2021.

During the first half of 2021, the KRG exported 77.35 million barrels through Kurdistan Export Pipeline. In addition, 3.95 million barrels were allocated to local refineries. Of the exported crude oil, 76.869 million barrels were lifted by the buyers from Ceyhan Export Terminal, at an average price of 53.446 $/bbl.

The KRG has generated revenues of USD 4.1 billion from crude oil export sales during the first half of 2021. After making payments to oil producers, pipeline operators, and repayments to the buyers, the KRG retained net revenues from crude oil sales of US$ 1.737 billion.

The KRG is has engaged in discussions with international buyers and oil producers in continuing its efforts to maximize sales prices and reduce production costs to maximize value for the people of Kurdistan.

Transparency is central to the cabinet's agenda. The report, available in Kurdish, English and Arabic, provides a quarterly analysis of oil export information and average prices which have been independently reviewed and verified by Deloitte.

The KRG acknowledges the positive feedback received from domestic and international stakeholders. The council reiterates its commitment to the people of Kurdistan that Deloitte will continue to independently review and verify the statistics of the Kurdistan Region's oil and gas sector.

A frequently asked questions handbook (also available in Kurdish, English and Arabic) has also been developed to help readers to understand the report's contents

[pensioner2] 09/12/2021 17:23

They are on record, GoatCam, as saying FDP will be submitted last 1/4 2021. Not much of that left now.

[goatcam] 09/12/2021 17:20

Takeover is a certainty. Correct. But not before Christmas young man

[goatcam] 09/12/2021 17:15

Big up Paul - can’t fault his effort, but no takeover before Christmas. I’ll be happy with a buyback announcement and a payment RNS... although have a feeling payment may not come until 2022

[goatcam] 09/12/2021 17:08

Nice £80k buy just appeared. Was that you doggy ? LOL... you wish

[bigdog5] 09/12/2021 16:57

1.79p is the headline after 12 years of ramping and 12/14 wells oh clueless ones.

[bigdog5] 09/12/2021 16:55

No one is coming to wake you from your nightmare Stockport.

[bigdog5] 09/12/2021 16:51

Are they going to waste more $millions on a buyback when they have a massively expensive programme in front of them? I suggest that would be most unwise. I doubt Stockport would understand.

It would seem that you desperate rampers really don't understand what the costs will be to sort out the gas flaring issues. Then there's the costs of trying to increase production above the six year in the waiting for the fabled 55k a day. Then there's the Chinese debt and the effects it could have on the OP.

No one has the slightest interest in a few barrels of heavy aiui from the City jungle drums.

Keep up the fanatsy though as its so amusing:-) Its why I pop in here innit:-)

[broadford bay] 09/12/2021 16:44

Just looking at the latest news from Austria re the mandatory Covid vaccination proposals:
(hxxps://orf.at/stories/3239589/)

Basically they will introduce a central vaccination register for all who should be vaccinated (exceptions for medical grounds). The date proposed for this is 15. March 2022 and the law is anticipated to run until Jan-24.
There will now be a further consultation / evaluation phase and this is expected to be complete around 10.Jan-22 with the proposals being brought into law from start of Feb-22.
For those who refuse vaccination and registration, there is a proposed fine of up to EUR3,600 (reduced amount for those near the poverty line).
Those refusing will have to revise their no-vac decision after 3 months - otherwise the fine will be repeated, every quarter.

Expect this to be closely watched by Germany and other EU states.

European Democracy at its best...I wonder what they will do to those who repeatedly refuse - open up the camps?

[pensioner2] 09/12/2021 15:54

TM. Those two mega deals yesterday would have taken weeks to put together at the current paltry volumes (imo). I think they're now just mopping up whatever becomes available.