Gulf Keystone Petroleum Share Discussion Threads

[broadford bay] 12/2/2022 20:52

AS I said, the current Sovereign Agreement is between Iraq and Turkey, not the semi-autonomous region of Kurdistan.
The Paris judgement has still to be announced...

[goatcam] 12/2/2022 20:42

Sounds like a great plan to me. Increase the fees just before all the majors come and buy GKP and start pumping 200,000 BOPD through the pipeline.... makes sense

[habshan] 12/2/2022 19:43

Broadford - "it would appear to be just more MNR greed."

"the authorities responsible for both the Kurdistan Export Pipeline (KEP) and the Turkish side of the Iraq-Turkey Pipeline (ITP) are assessing increased fees that will be passed on to companies."

[releasethekraken] 12/2/2022 19:38

And here lolol...Putup and broadfraud working hard on LSE LOL

[broadford bay] 12/2/2022 19:20

The pipeline tariff is subject to a sovereign agreement between Iraq and Turkey. The agreement remains valid and cannot be unilaterally altered by any one party - and the agreed $/bbl fee is MUCH lower that that currently being charged by the KRG.
This whole pipeline issue remains a thorn in the side for Iraq, and if indeed there is some sort of ad hoc "agreement" being applied that will have reverberations in Baghdad.
Large POO fluctuations in the past have not resulted in any sudden tariff changes so it's unclear why this time should be different; the "major new fees" need to be clarified and justified, otherwise it would appear to be just more MNR greed.

[releasethekraken] 12/2/2022 19:19

Putup and broadfraud working hard on LSE LOL

[habshan] 12/2/2022 17:54

Bigdog - "I note that we see more evidence of the hosts "looking after themselves" yet again at the expense of the oily's. It was only a matter of time before an opportunity presented itself that they would take advantage of."

You are just totally and utterly clueless about how these things work aren't you Sarah.

The pipeline that takes Kurdish crude to Ceyhan is 600 miles long is currently carrying around half a million barrels a day and has pumping stations every few miles.

The amount of energy needed to push 500k barrels of oil 600 miles over hilly terrain is absolutely colossal.

With the price of Brent at $95 the cost of the fuel needed to power all that has gone through the roof. Why should the Kurdish and Turkish organisations who operate these systems absorb those extra costs while the oil companies continue to make bumper profits. Those Turkish and Kurdish operators are entitled to make a profit as well and are simply doing what ASDA does and passing on their extra costs to their customers.

"The authorities responsible for both the Kurdistan Export Pipeline (KEP) and the Turkish side of the Iraq-Turkey Pipeline (ITP) are assessing increased fees that will be passed on to companies."

Companies all over the world and not just oil companies are faced with the same issue of rising costs, and not just fuel costs but everything else as well.

It's the same market forces that are pushing up your energy bills and the price of your weekly shop Sarah.

It's called inflation.

Try to keep up ffs.

[nestoframpers] 12/2/2022 17:40

Sane ! if anyone LTH is sane they need studying .

[bigdog5] 12/2/2022 16:06

ConstableDigby, you do realise that you are having a worthless conv with the Stockport moron, yes?

I note that we see more evidence of the hosts "looking after themselves" yet again at the expense of the oily's. It was only a matter of time before an opportunity presented itself that they would take advantage of.

Do they require an OIl Law?
The oil is for the benefit of all the people in Koruptistan?
Koruptistan, a great place for investment?

How many dividends are you fantasists hoping for, LOL.

I bet the Insti's are well annoyed they didn't dump at 3p.

Btw, has the person that signed off where the failed wells were located picked the spot for S15:-)

[mr_todd_f_kozel] 12/2/2022 15:13

TAKEOVER ANNOUNCEMENT IMMINENT

[mr_todd_f_kozel] 12/2/2022 15:12

Lot of work going on at weekend LOL

[officerdigby] 12/2/2022 15:02

Exactly the current gouge is not nearly enough apparently even at $90+.

[wolfofhounslow] 12/2/2022 15:00

#Iraq: KRG imposes major new pipeline fees on companiesIncreased tariffs are set to cost oil-producing companies millions of dollars per month - the latest headwind for Kurdistan's oil sector investors. #oott

[thebabe] 12/2/2022 14:38

I am not going to bore everyone with a detailed analysis of CPR 2016 or its updates
But
5,974 3,667 (3,581) (1,868) (1,124) -

Cost Recovery Revenue
Profit Petroleum Revenue
Operating Costs
Capex and Abandex
Bonuses and CBP


are total estimates/m based on 58% - which is according to GKP 80% no less - over the entire PSC term - flexed for guesses on POO etc etc etc,
Suffice it to say if the company had hit any of its target splits around now would be 65:35 ish - but they havent as oil in the ground at sale is more valuable than oil produced pre sale..

Plucking 80% is idiocy of course - which is the idea presumably.

The new CPR based on new FDP etc etc I doubt we will see until an agreed offer is made and recommended,and the terms of amalgamation, make the publication to voting shareholders of an independant validity of the agreed sale deal - ie economic analyis NPV lalala

[thebabe] 12/2/2022 12:31

Most of the monthly receipts are not cost recovery.
Wouldn't be surprised to see updated CPR , as this time last year.
However capital structure change must now be a priority.
They have flagged it often enough , and with the possibility to lock in hedged forward Brent at well over $ 80 - equity concentration a must.

[officerdigby] 12/2/2022 12:09

hXtps://www.iraqoilreport.com/news/krg-imposes-major-new-pipeline-fees-on-companies-44482/

They love investments in their region. $$$$.

Doesn't the pipeline make more money per barrel than GKP already.

With most of GKP monthly receipts being cost recovery pool..

[pensioner2] 11/2/2022 20:49

Hiya, Muttley. Ever heard about aunties, uncles and balls? It is what it is and what ifs don't count.

[nestoframpers] 11/2/2022 20:49

petition on do you want net zero policies ?