Gulf Keystone Petroleum Share Discussion Threads

[releasethekraken] 16/4/2022 19:49

HTTPS://stockhouse.com/news/newswire/2022/04/14/ready-for-next-oil-boom-kurdistan-s-profitable-petro-playThe Iraqi-Kurdish petroleum exploration and production sector offers a unique proposition for investors. With Kurdistan as the autonomous region of Iraq, it is in the third largest OPEC producer.Kurdistan still stands as one of the frontier areas of oil and gas production and sits on 45 billion barrels of potential reserves on what they call the very prolific Western Zagros fault. A complex geological structure, these are fractured carbonates that only a few could capitalize upon.

[releasethekraken] 16/4/2022 19:47

#SNM SHAMARAN rights issue luvvly jubbly.They have almost certainly done this to force higher acceptable bid.They have been a huge takeover target for 3 years..HTTPS://www.investopedia.com/ask/answers/042015/why-shareholder-rights-plan-called-poison-pill.asp.It?s TAKEOVER TIME FOR ALL KURD INDY OILERS.FILL YER BOOTS

[bigdog5] 16/4/2022 19:44

Politics and the "its different this time" Oil law looking good then, lol.

Of course the hosts want to set up their own company, can you suckers think why that would be:-)

[releasethekraken] 16/4/2022 19:41

#SNM SHAMARAN rights issue luvvly jubbly.They have almost certainly done this to force higher acceptable bid.They have been a huge takeover target for 3 years..HTTPS://www.investopedia.com/ask/answers/042015/why-shareholder-rights-plan-called-poison-pill.asp.It?s TAKEOVER TIME FOR ALL KURD INDY OILERS.FILL YER BOOTS

[spark plug] 16/4/2022 18:37

How can we trust Baghdad when they have treated us so badly for many years - and where will any changes leave GKP - us LTH need a serious payday which while all this back and too goes on is not going to happen - I'm 70 next year - I want a result now - not when I am 6 ft under!

[beernut] 16/4/2022 17:52

Nice one Oilio

[anil157] 16/4/2022 15:42

Many thanks BubblingUp. I am slowly learning more, which hopefully will be useful in the future.

[bubblingup] 16/4/2022 15:07

Just to add the Ex-div date for any share is almost always on a Thursday and the Record Date on the next day, Friday. So you need to make sure to buy a share by the Wednesday of the same week to get the divi.

[0ili0] 16/4/2022 14:32

ERBIL — Iraqi Oil Minister Ihsan Abdul Jabbar has described 80% of the contracts between the Kurdistan Regional Government (KRG) and international oil companies as “correct”; while the remaining 20% might need minor amendments.

Following the first round of fresh talks on oil disputes between Erbil and Baghdad, Minister Abdul Jabbar said during an interview with Furat TV that lack of trust is the reason for the differences but Baghdad intends to “negotiate [with Erbil] on the issues that exist in the 20% of the contracts.”

He further explained that the political blocs should keep distance from the oil dossier because “oil might be a political good, but it cannot be managed with politics.”

According to the minister, Baghdad has put forward three requests, including revision of oil contracts based on the law, establishment of a new oil company under the control of Iraq to manage Kurdistan’s oil sector, and brining development of oil sector as well as oil pricing under the control of the federal government.

Abdul Hakeem Khasro, head of the KRG’s Department of Coordination and Follow-up, who was a member of the KRG delegation in the latest round of negotiations with Baghdad, previously said that the KRG has rejected the proposal of establishing a new company owned by Iraq for management of Kurdistan’s oil.

He pointed out that Erbil has instead proposed to establish its own oil company to run the oil and gas sector in coordination with Baghdad.

Khasro further explained that the KRG is running its oil sector in light of 2nd Section, Article 112 of the Iraqi Constitution, and the Kurdistan Region’s Oil and Gas Law of 2007. This is while Iraq still administers its oil industry in accordance with a law from the previous regime.

The official, however, emphasized that Erbil is committed to find a solution to the disputes with Baghdad, for which negotiations will continue until a suitable way out of these differences will be found.

[giant_canine] 16/4/2022 13:44

1.History is no predictor of the future.
2. As M+A is nearing , why sell any ? as a deal friendly or otherwise could arrive any day

[anil157] 16/4/2022 13:38

Many thanks to hydrocarbon1,notaramper and ander. I have a small holding of 5,000 and on the last dividend saw the price fall from £ 2.42 to £ 1.96 (47 p - 19%), whilst the dividend paid was approx. 17.5 p - 7.2%. It would therefore be logical to sell my holding on the Ex. Div. date, wait for a couple of weeks and then buy back in at a cheaper price. Thus ensuring the dividend and increase my holding in the process. Am I on the right lines or do you see any flaws in my thinking? Thanking you in anticipation!

[giant_canine] 16/4/2022 12:56

A poison pill does not always mean that companies do not want to be acquired or merged. Sometimes they are used to force the acquirer to negotiate takeover terms more favourable for the target company.

SHAMARAN rights issue is a poison pill 'flip in' type , and as Lundin said a few weeks back the company will be sold or merged - heralds that M+A in Kurd oilers is well and truly underway. Shamaran were rumoured over 6 months ago to have UAE interest at several multiples of its market share price ( unsurprisingly) - the rights issue is going to force best sale price.

[ander] 16/4/2022 12:27

The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

[notaramper] 16/4/2022 12:19

Record date is always 1 day after ex dividend date so the dates are correct.
Cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend or distribution so it can't come before you are entitled to it.

[hydrocarbon1] 16/4/2022 12:17

Ex-Dividend Date vs. Date of Record: What's the Difference?
By THE INVESTOPEDIA TEAM Updated March 28, 2022
Reviewed by ROBERT C. KELLY
Fact checked by TIMOTHY LI

Ex-Dividend Date
As noted above, the ex-date or ex-dividend date marks the cutoff point for a pending stock dividend.

If you buy a stock one day before the ex-dividend, you will get the dividend. If you buy on the ex-dividend date or any day after, you won't get the dividend.

Conversely, if you want to sell a stock and still get a dividend that has been declared, you need to hang onto it until the ex-dividend day.

The ex-date is one business day before the date of record.

Date of Record
The date of record is the date in which the company identifies all of its current stockholders, and therefore everyone who is eligible to receive the dividend. If you're not on the list, you don't get the dividend.

In today's market, settlement of stocks is a T+2 process, which means that a transaction is entered into the company's record books two business days after the trade.

To ensure that you are in the record books, you need to buy the stock at least two business days before the date of record, or one day before the ex-dividend date.

[anil157] 16/4/2022 12:01

I am seeking help from anyone in the 'know'. Accordjng to the 31.3.22 RNS the next dividend of 65 M dollars has a record date of 29.4.22 with an ex-divi date of 28.4.22. I have always thought that the ex-divi date follows 1 day later i.e. 30.4.22. Am I missing something here?

[officerdigby] 16/4/2022 11:21

How does a mere $30m rights issue protecti in any way from a multi $100m take over.Baby the answer is it doesn't! Lol

[beernut] 16/4/2022 08:28

Krg wants to establish its own oil co

KRG rejects Baghdad's proposal for an Iraq-controlled Kurdistan Region Oil Company
The KRG instead proposed that it could establish its own oil company that it would administer, Khasro said, without elaborating on what the Iraqi side thought of the proposal. Kurdistan 24
22 Hours

Meeting between the KRG negotiating delegation and representatives from the Iraqi Oil Ministry in Baghdad, Apr. 11, 2022 (Photo: Government of Iraq)
Meeting between the KRG negotiating delegation and representatives from the Iraqi Oil Ministry in Baghdad, Apr. 11, 2022 (Photo: Government of Iraq)
Kurdistan Erbil Baghdad Iraq Krg Oil and Gas law KROC KOMO SOMO
ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) has refused to accept Baghdad's proposal to establish an Iraqi-run oil company in Erbil to manage the Kurdistan Region's energy dossier, a top government official told Kurdistan 24.

Following the Iraqi Federal Supreme Court's (FSC) ruling that the Kurdistan Region's oil and gas law is unconstitutional, the KRG sent delegations to Baghdad to negotiate on the outstanding issue. During those negotiations, the Iraqi Ministry of Oil proposed establishing a company called the Kurdistan Region Oil Company (KROC) in Erbil to be managed by the central government to resolve the issue. The company would be in charge of the Kurdistan Region's energy dossier.

"Baghdad's proposal and request to establish an oil company owned by it in the Region was refused," Abdul Hakeem Khasro, the head of the Kurdistan Region's Department of Coordination and Follow-up, told Kurdistan 24 on Thursday.

The KRG instead proposed that it could establish its own oil company that it would administer, Khasro said, without elaborating on what the Iraqi side thought of the proposal.

Khasro also added that the KRG proposed establishing KOMO, presumably the Kurdistan Organization for Marketing of Oil, the equivalent of Iraq's State Organization for Marketing of Oil, known by its acronym SOMO.

The court's ruling noted that KRG's Oil and Gas Law issued in 2007, under which the Region has managed its oil affairs with international and local companies, is "unconstitutional", a claim which the Kurdish authorities strongly refute.

In the absence of a new oil and gas law, the Iraqi government still uses Law No. 101 from 1976. The KRG says the law is one of the leftover "centralized laws" from the Baathist era and is incompatible with the spirit of federalism that was supposed to prevail in post-2003 Iraq.

Khasro said that the KRG will continue its talks with the Iraqi side until reaching an agreement based on the Iraqi constitution that protects the Kurdistan Region's rights and entitlements.

[thebabe] 16/4/2022 08:01

Yes OAP it's a clear PP from TwitterSHAMARAN rights issue likewise

[highlander7] 16/4/2022 06:44

I think EVR will be a blessing in disguise, but the moral of my story is don't feel sorry for yourself all the time and that includes comments like long term holders deserve more, no you don't!

Its not a question of "deserve more" its a question of we have "earned it" by our sticking with the Company over a decade of KRG/ICG Politics and persistant Trolls.

H7

[0ili0] 16/4/2022 00:14

I bet Elon wished he'd read the supergiant thread before making his move 😉

[pensioner2] 15/4/2022 21:55

p.p. seems popular.

[nestoframpers] 15/4/2022 21:24

I hold for £141.26 , and I want it on Monday week.

[thebabe] 15/4/2022 21:09

Yes best to be conservative JB