Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 13/12/2021 12:51

Looks like someone stuck another aggressive buy order in about half-past ten.

[banggone] 13/12/2021 12:42

HTTPS://twitter.com/Paul47293202/status/1469629720757260288?t=Gc2d3AWPdwmG0K5lmqrHdA&s=19

[banggone] 13/12/2021 12:42

HTTPS://twitter.com/GoodnightCharl1/status/1470075584437014528?t=UJcP__QwDgBxdJymQ67Kbw&s=19

[hydrocarbon1] 13/12/2021 12:23

"a shareholder wipeout" referring to yourself obviously PTED.
People invested now doing well.

[goatcam] 13/12/2021 12:22

Where's that dividend you promised me bigdog, did you get that wrong again ?

[bigdog5] 13/12/2021 12:16

Payments continually being resheduled.
Back costs delayed.
Companies gone bust looking for the Kurdy oil.
Where is the 45b the hosts keep referring to?
None of the Kozel barrels have been discovered that he and mates troughed on.
PSC's get taken away or have to be handed back (with costs for doing so).
All the T&C's are slewed in the hosts favour.
Hosts happy going to court as they know they will achieve better terms from disputes.
Majors have sold up and left the area.
Continual spats with Baghdad.
Still no Oil law which probably wouldn't last longer than the ink took to dry.
But they still want inward investment.
1.8p after 12 years and a shareholder wipeout.

Oilman's dream or nightmare?

[pensioner2] 13/12/2021 12:12

Payment news should help too.

[hydrocarbon1] 13/12/2021 11:43

Brent just not helping at present but possibly U.S. will help out soon.

[banggone] 13/12/2021 11:36

HTTPS://twitter.com/GoodnightCharl1/status/1470075584437014528?t=UJcP__QwDgBxdJymQ67Kbw&s=19

[t0bby] 13/12/2021 10:26

Back on board

[pensioner2] 13/12/2021 10:03

Agree with that, GC. It looks as though the share price will have a good day today.

[goatcam] 13/12/2021 09:55

90k buy, 55k buy. Someones confident

[pensioner2] 13/12/2021 09:54

Spooky, NOR.

[nestoframpers] 13/12/2021 09:48

I think MikeyA is channelling through OAP ;o)

[pensioner2] 13/12/2021 09:31

Anybody who nipped in there, before the big money went down, did well.

[banggone] 13/12/2021 09:09

HTTPS://twitter.com/GoodnightCharl1/status/1470075584437014528?t=UJcP__QwDgBxdJymQ67Kbw&s=19

[banggone] 13/12/2021 09:09

HTTPS://twitter.com/Paul47293202/status/1469629720757260288?t=Gc2d3AWPdwmG0K5lmqrHdA&s=19

[highlander7] 13/12/2021 08:58

Its easy enough GC....just offer the KRG a big enough "incentive" Thats how business gets done out there. LOL ( or vice versa of course )

[nestoframpers] 13/12/2021 08:46

KRG needs a big winner story to attract more investors now , eeerr ?

[highlander7] 13/12/2021 08:24

Well that knocks GENEL out of the M&A Market. No one will buy oil assets that are in a legal dispute with the Kurdish Government. Especially one that the KRG thinks it can win.

H7

[beernut] 13/12/2021 08:15

kRG rejects Genel's compensation claim
Economy
Kurdistan
2021-12-13 06:11
A-
A
A+
Shafaq News / The Kurdistan Regional Government rejected on Dec. 12 Genel Energy's claim for compensation for the termination of production sharing contracts at the Bina Bawi and Miran oil and gas fields and vowed to defend itself against the UK-based company's arbitration case.

The KRG's statement follows a Dec. 10 announcement from Genel that it intends to claim "substantial' compensation from the KRG in a London-seated international arbitration "to be commenced in accordance with the disputes process set out" in the production sharing contracts. Genel was not immediately available for comment.

"The government strongly denies that Genel is entitled to any compensation," the KRG said in a Dec. 12 statement.

"The government will vigorously defend any claim that is brought by Genel, and intends to pursue its own counterclaims for damages resulting from Genel's renunciation of the PSCs."

The dispute between Genel and KRG revolves around the delayed development of the Bina Bawi and Miran oil and gas fields, which has been in the works since at least 2014 with several amendments to the original agreement.

Genel said Aug. 20 it planned to take steps to protect its rights after the KRG terminated its contracts for the Bina Bawi and Miran oil and gas fields. It said it found it difficult to engage with the KRG on the contracts and was unable to obtain the necessary approvals to proceed with development of the assets.

"The government regrets that Genel has failed to offer any credible proposals to develop the Bina Bawi and Miran oil and gas fields, and notes that this failure has significantly delayed the ability of the government to develop those fields on a timely basis," the KRG said in the statement.

Genel, whose main operations are in Kurdistan, signed in 2017 production sharing contracts with the KRG for the development of the two fields following amendments to the initial agreement.

"Since entering into the PSCs in February 2017, Genel has made every effort to engage with the KRG on the development of the Bina Bawi and Miran fields and has submitted numerous development proposals to the KRG for its approval," Genel said on Dec. 10. "However, the KRG has for some time made clear its intention not to permit the development of the fields in accordance with the terms of the PSCs."

Genel is active in Iraq's semi-autonmous Kurdish region, with stakes in the Peshkabir, Qara Dagh, Sarta and Tawke fields.

Source: S&P Platts

[banggone] 13/12/2021 06:50

HTTPS://twitter.com/GoodnightCharl1/status/1470075584437014528?t=UJcP__QwDgBxdJymQ67Kbw&s=19

[banggone] 13/12/2021 06:49

HTTPS://twitter.com/Paul47293202/status/1469629720757260288?t=Gc2d3AWPdwmG0K5lmqrHdA&s=19