Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 19/7/2022 10:57

Gap @237 let's go

[fairenough11] 19/7/2022 08:54

Bond Redemption Notice

Date of redemption: 2 August 2022

[shortsqueezer] 19/7/2022 08:51

Habshan doh

[shortsqueezer] 19/7/2022 08:51

Hanshan? Good point

[nestoframpers] 19/7/2022 08:45

Is Hasband on hols or has he done his duty now ?

[nestoframpers] 19/7/2022 08:44

Yes FE and the bondholders wanted us forced right out in the restructure , mugging of the century if you ask me.

[nestoframpers] 19/7/2022 08:42

I suspect the threats from Baghdad are just to dampen the share price while they load up, they don't like missing out.

[fairenough11] 19/7/2022 08:41

Nest--Correct as we all said years ago.Imagine we had BB,SA,AB and Shaikan back in the day.But Shaikan is the Biggie at the center of all this.

[sbb1x] 19/7/2022 08:40

Nice buy 50000@221

[sbb1x] 19/7/2022 08:37

Into 220s we go

[nestoframpers] 19/7/2022 08:36

Erbil would be the new Dubai FE11 , about time the Kurds had a lucky break .

[sbb1x] 19/7/2022 08:21

Nice buy 35,[e-mail]

[fairenough11] 19/7/2022 07:31

IMO the connected field is so big that a consortium of large Oil Cos looks highly likely and IT'S THIS THAT BAGHDAD ARE CONCERNED ABOUT,THE power swing to the Kurds along with a fortune in income with Basra looking on.
Very BIG MONEY AT STAKE HERE.

[0ili0] 19/7/2022 07:08

"Shaikan field, is GKP (KDP PUK/ UAE and UK elite). They own 95% of GKP, and that’s why they are paying themselves a dividend of 11% this year."

This statement implies that these entities must represent the shareholders. Therefore these are the people that benefitted most from the restructuring. So Sothic parties were UK elites? I doubt that 🤔

Always thought these blocks were interconnected. Could we see a consortium develop this supergiant field? Very possible.

And then there's the blogs...😂
28514;😂

28,000 posts up and bigdog5 is still utterly clueless 💩🧠🧠🧠9504;

[highlander7] 19/7/2022 06:32

Buffet has a huge stake in Chevron . He would have had a meeting with the BOD before investing and been given a highly confidential update on future plans. He obviously thinks the value of his investment is going to rise and also thinks that O&G Producers have a future.

Join the dots ?

H7

[beernut] 19/7/2022 06:24

Mentions sarsang atrush and Shaiken being possibly the world’s 3 Rd largest oil field.

The Kurdistan Oil PSC Contracts – What is Going to Become of Them?

Posted on July 18, 2022 by Editorial Staff in Exclusive, Oil & Gas
The Kurdistan Oil PSC Contracts
An oil refinery in Iraqi Kurdistan. Photo: AFP

Sheri Laizer | Exclusive to Ekurd.net

Iraq’s Federal Supreme Court has ruled the Sarsang PSC contract illegal concerning HKN Energy – and that is Ross Perot’s Company. [1] But meanwhile the KRG elite’s efforts continue – particularly in the territory under the control of the Barzani-dominated KDP.

According to a statement on July 7 reproduced in the ISHM bulletin of 7-14 July 2022, “Iraq’s Oil Minister, Ihsan Abdul-Jabbar Ismail, said that his government was serious about enforcing a recent court decision against four foreign oil companies operating in the Kurdistan region. The day before, news reports said that an Iraqi court in Baghdad ruled that the contracts between the Kurdistan region’s government and Western Zagros, DNO, HKN Energy, and Genel Energy were void. The court reportedly found the contracts in question to be in violation of the February 15 ruling by the Federal Supreme Court against oil operations in the Kurdistan region.

In an exclusive interview with AP, Ismail, said that Baghdad’s plans to bring Kurdistan’s oil operations under its control will expand to reach a total of 17 companies and he would present the companies with three options: canceling the contracts, requesting waivers from Baghdad, or agreeing to transfer the deals from the KRG Natural Resources Ministry to Iraq’s federal Oil Ministry. Ismail said his approach first involves giving the companies a warning that they are “working in the smuggling of oil,” and “If they are a respectful company they will listen to us.” Should the companies refuse to cooperate, the minister said Baghdad would seek to enforce the court decisions through “the law and banks.” [2]

The Kurdistan Oil PSC Contracts
Iraqi Kurdistan oil map. Atrush field. Photo: Provided by Sheri Laizer

Of current importance therefore and worth watching next is the fate of the following fields:

The Sarsang field under the blacklisted HKN Energy=Ross Perot.

The Atrush field is now Taqa (Abu Dhabi National Energy Company) /ShaMaran (Lundin of Sweden) who bought out Alex Cranberg’s GEP Aspect Energy and kept the name.

Shaikan field, is GKP (KDP PUK/ UAE and UK elite). They own 95% of GKP, and that’s why they are paying themselves a dividend of 11% this year.

When, and if, ShaMaran use GEP to buy Sarsang, that would mean the elite of the KDP would own Sarsang, Atrush and Shaikan.

This is big money if those three oil fields should become one and it would amount to the world’s third largest oil field.

A recent public statement by ShaMaran itself read:

Shamaran Announces Sarsang Acquisition Progress

VANCOUVER, BC, July 12, 2022 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaranR21; or the “Company”;) (TSXV: SNM) and (Nasdaq First North Growth Market (Sweden): SNM) is pleased to announce that the long stop date in the Sarsang Acquisition has been extended until November 12, 2022. ShaMaran has now signed the relevant document relating to the approval by the Kurdistan Regional Government (KRG) of this transaction and ShaMaran looks forward to the signing in due course of the relevant documents by the other parties, including the KRG. ShaMaran will keep the market informed when completion of this transaction occurs. [3]

In a map from 2011, GEP=Aspect Energy, America, who sold on to Taqa, Marathon sold to ShaMaran and ShaMaran own 30% of Atrush.

Ber Bar, Sheikh Adi, and al Qush, form part of this same field.

[beernut] 19/7/2022 06:16

Baghdad to resume its contributions

Iraq's highest court dismisses a complaint against funding the salaries of KRG's public servants
Kurdistan
Federal Supreme Court
Financial receivables
2022-07-18 19:12
A-
A
A+
Shafaq News/ Iraq's federal supreme court has dismissed a complaint against the federal government deferring 200,000 million dinars in salaries to the public servants of the Kurdistan region.

The complaint filed against the Iraqi Minister of Finance, Ali Abdul-Amir Allawi, demands the federal government refrain from sending the monthly payment.

The dismissal of the complaint enables the federal government to resume its contribution to the salaries of state employees in the region.

The Kurdistan Regional Government (KRG) pays 616 million dollars in salaries to the public servants. In addition to 138 million dollars from the federal government, the KRG funds the salaries with 350 million dollars from oil revenues.

[beernut] 19/7/2022 06:13

$100+ Oil Is Back For The Long Haul

By Charles Kennedy - Jul 18, 2022, 2:45 PM CDT

Oil prices gained over 4.6% on Monday as the market attempted to digest developments in the Middle East, and as the dollar weakened slightly.

Brent oil prices climbed to $105.8 per barrel by 3:42 EST Monday, up 4.65% on the day. West Texas Intermediate (WTI) was trading at just over $102.

Prices rose Monday as traders assessed the Saudi sentiment following U.S. President Joe Biden’s meeting with the Crown Prince on Friday.

On Sunday, Biden’s advisor on international energy affairs, Amos Hochstein, said Washington believed OPEC’s producers in the Middle East–namely Saudi Arabia and the UAE–would take some steps to boost supply to the oil market soon.


However, the overriding sentiment seems to be that the Saudis have no intention of intervening in oil prices at this time. Last week’s sell-off based on notions that Biden’s trip to Saudi Arabia might result in an OPEC decision to increase production is now being reversed.

Monday’s higher oil prices are also being driven by a weakening U.S. dollar thanks to investors who have softened their expectations of a more aggressive approach to interest rates by the Fed next week.

The U.S. dollar index fell 0.464% on Monday.

Biden’s meeting with the Saudi Crown Prince had markets hedging oil lower, despite widespread doubts that anything would be accomplished in terms of increasing OPEC output.


On Monday, Iraq’s oil minister told Bloomberg that oil is likely to continue trading above $100 for the remainder of this year.

“I would like OPEC to retain its tools to measure and control output and maintain the existing balance,” Iraqi Oil Minister Ihsan Abdul Jabbar told Bloomberg. “We will discuss that with our partners.”

The next meeting for OPEC+ will be on August 3rd.

By Charles Kennedy for Oilprice.com

[fairenough11] 19/7/2022 05:37

Yes Bobob was also spot on.

The question now is who's the puppet master US(Chevron et al) or China(Sinopec)?

[highlander7] 19/7/2022 05:21

So Oil Investor (Bob) and BBBS were right after all , it is all one gigantic oil field ?

If that is true then it is no wonder they are sat on the FDP.

H7

[steephill cove] 18/7/2022 23:53

Bigdog5 28000 posts & you still do not have a clue about the value of GKPs Shaikan or who any of the Private Investors are on this board 😆

The difference between mediocrity and excellence is attention to detail.

You are about to watch & learn 🚂📈🏁🏆8170;✅

[bigdog5] 18/7/2022 23:15

Steephill Cove18 Jul '22 - 20:51 - 658413 of 658415
0 6 0

"Bigdog5 on the East Coast of the ???

Do me a favour.

What American knows what an Aldi is or the relative price of a can of baked beans?

More like East Canalside Worsley ?"


Long way away from there sarah.

[bigdog5] 18/7/2022 23:13

highlander718 Jul '22 - 19:01 - 658401 of 658414
0 11 0

"If the ICG had a case against the Kurds PSC that would stand up in court then they would have had them a decade ago. Its a negotiating ploy and now we know why. They want a piece of the cake".

Are you sure Harriet? Piece of what cake, possibly 400k a day being exported and is all the money reaching the correct places? Its totally clear Baghdad want the Kurds oil Industry under their control and they will get it. TSC's to replace the PSC's or no one will touch the oil getting out of Koruptistan.

How long can the KRG survive under that scenario? No oil revenue, no budget from Baghdad and this time they won't be able to borrow from the oil traders. The hosts will of course do everything to look after themselves and "save face" but its Baghdad that hold all the cards now.

As for "negotiations" Baghdad don't need to, they just offer up TSC's or its end of the game. You morons better hope that the hosts don't sell you down the river and gather up a few companies and drop them into their KROCPOT. Cancelled PSC's equals an share price of zero.

Kozel "there won't be many left at the end".

Investors and barrels:-)