Gulf Keystone Petroleum Share Discussion Threads

[ptmorris1] 19/7/2022 18:27

Well someone must feel confident to buy 45,619 shares @ 219.182 each. How much would that have cost as I've run out of fingers...?

[nestoframpers] 19/7/2022 18:17

A BBBS post on all sorts

364231

[ptmorris1] 19/7/2022 17:11

Muttley, as a fellow ex-holder of EME, did you make any money there?

[highlander7] 19/7/2022 16:38

Malcy.....

Oil price

A couple of better days to remind punters that the fundamentals are tight and that there’s nothing coming from Opec until 3rd August even possibly not then. The Fed went into purdah yesterday ahead of next week’s interest rate decision, the greenback actually weakened as expectations of a 100bp rise were trimmed.

Retail gasoline prices continue to drift short term, yesterday it was $4.49 per gallon which is down 15.6 cents w/w, a fall of 47.0c m/m and of course a rise of $1.337 y/y.

It seems like the Kremlin are playing hardball on gas again, Thursday is a key day with respect to Nordstream 1, expect nothing and you won’t be disappointed.

[thebabe] 19/7/2022 15:47

The reason the likes of £$%Dog post 28,000 times, along with all the other sentiment inhibiting posters here and at LSE , here is because they are paid to constantly introduce , doubt and fear into retail holders new or old.This is how BlackRock etc have built such huge cheap stakes pre a Black Swan massive multiple takeover.

[thebabe] 19/7/2022 15:46

Agree H , minimum Just before you ask ( as you will ) a contact of mine gives a valuation of £30 + and possibly a lot more depending on the new CPR.H7

[bigdog5] 19/7/2022 15:45

Read all that earlier today sarah.

The Kurds have always said they're prepared to negotiate but its always on their terms. Have you not worked out after 13 years why they want to do that? Having someone else run the show could open up all the iffy issues about where the oil and money was going wouldn't it?

Just a mull like.

[bigdog5] 19/7/2022 15:39

Based on what harriet? What new CPR would that be?

Oil that's not discovered in zones they can't get to?

The CPR states what they have. What does your "contact" base it on as where are the barrels hiding or being hid?

And how come that after 15 wells over 13 years all the reserves do is fall?

So the company are lying about what is there? They're deliberately and knowingly misleading the Market and investors?

[0ili0] 19/7/2022 15:36

French report: A political agreement and a flexible law are enough to solve the oil crisis between Baghdad and Erbil

Economy News _ Baghdad
A press report, Tuesday, shed light on the nature of the oil disputes between the federal government and the Kurdistan region, in conjunction with the intensification of political skirmishes between the two parties.

The following is the text of the report published by Agence France-Presse and followed by "Economy News":

“Oil and its revenues have returned to a point of contention between the federal government and the Kurdistan region, while these current tensions resulting from endless political skirmishes threaten to weaken the desire of foreign investors to head to Iraq.

Since the beginning of the year, strained relations between the autonomous Kurdistan region and Baghdad have manifested in the judiciary.

Erbil believes that the central government is seeking to put its hand on the region's oil wealth, while Baghdad demands that it have its say in managing the oil resources that are extracted from Kurdistan.

Iraq is the second largest oil country in the Organization of Petroleum Exporting Countries (OPEC), and it exports an average of 3.3 million barrels of crude oil per day. As for Kurdistan, it produces more than 450 thousand barrels per day.

It is impossible to understand this dispute between the two parties without returning to the political crisis that has paralyzed Iraq since the legislative elections in October 2021. Political leaders in the region, as in Baghdad, are unable to agree on the name of a new prime minister and president of the republic.

Researcher Bilal Wahhab of The Washington Institute for Near East Policy believes that "with regard to the oil file, each of the two sides uses the carrot and stick method, and this depends on the prevailing political atmosphere."

"When there was a political agreement, the courts remained silent. The opposite happened when the disputes started," he added.

In February, the Federal Supreme Court in Baghdad ordered the Kurdistan region to hand over oil produced on its territory to the central government, giving Baghdad the right to review and cancel oil contracts with the region.

And the Federal Court considered that a law passed in Kurdistan in 2007 to regulate the oil and gas sector was contrary to the constitution.

Since then, the Iraqi government has been trying to implement this decision.

"reputation"

At the invitation of the Ministry of Oil, a court in Baghdad in early July canceled four contracts between the Kurdistan region and Canadian, American, British and Norwegian companies.

It is also possible that the cancellation will affect three other foreign companies, whose decision is expected to be decided by the same court, as a senior official in the oil sector in Baghdad warned in an interview with Agence France-Presse, preferring to remain anonymous.

Yasar Al-Maliki, an economist in the Middle East Economic Survey MEES, considers that "when Baghdad expels foreign oil companies from Iraqi Kurdistan, this does not give Iraq the image of an important oil producer, which welcomes foreign investment."

The Kurdistan region wants to open the door to negotiations in order to preserve its independence in the field of oil. And he is working to establish two companies concerned with oil exploration and marketing, working in partnership with Baghdad, and this proposal was presented to the federal government, according to a spokesman for the local government in Erbil.

However, in early June, the region initiated two judicial moves, one of which targets Oil Minister Ihsan Ismail, whom Erbil accuses of trying to “intimidate221; foreign companies operating in Kurdistan, according to a statement.

Bilal Wahhab believes that the two parties do not realize to what extent they "damage the public reputation of the Iraqi energy sector."

He adds that "the status of the sanctity of contracts is under question...adds legal risks to other organizational and governance risks that Iraq suffers from," adding that the dispute between the two parties "repels foreign investments that Iraq badly needs."

In a victory for Baghdad, Schlumberger, Baker Hughes, and Halliburton announced that they would not "apply for new projects in the Kurdistan region in compliance with the decision of the Federal Court." It added that it "is now in the process of liquidating and closing the existing tenders and contracts."

Settlement

Relations between Baghdad and the Kurdistan region, which has been autonomous since 1991, are witnessing constant fluctuation.

Theoretically, the Kurdistan region was supposed to deliver 250,000 barrels of oil per day to be exported from Baghdad, in return for a share of the general budget paid as salaries for government employees and other expenses. But Erbil never delivered the oil, and payments from Baghdad were not regular

In recent weeks, missile attacks, not claimed by any party, targeted oil or gas sites in the region. Experts see this as an attempt to put more pressure on the Kurdistan Democratic Party, which is in power in Erbil, given that the dispute over the oil file is closely linked to the political crisis.

The Kurdistan Democratic Party seeks to obtain the presidency of the republic, which is usually held by its political opponents from the Patriotic Union of Kurdistan.

Yasar al-Maliki explains that "the sequence of events shows that this crisis began when the Kurdistan Democratic Party brought the Sadrist movement closer to confronting the coordinating framework," referring to an alliance that brings together several Shiite parties.

But "Iraq is a country based on compromises," according to al-Maliki.

In order to end the oil dispute with Erbil, al-Maliki believes that the best solution is a "political agreement" that guarantees Baghdad's adoption of a "flexible" law regulating the management of the oil file.

The expert adds that "pending this, the decision of the Federal Supreme Court will remain as a sword for Kurdistan."

[highlander7] 19/7/2022 14:45

Is that it Doggie ? The long awaited "calculations" ? A 5 year old could do a better job than that.

Just before you ask ( as you will ) a contact of mine gives a valuation of £30 + and possibly a lot more depending on the new CPR.

H7

[sbb1x] 19/7/2022 14:42

*HALLIBURTON: 'WHITE HOT LABOR MARKETS' IN US OIL & GAS BASINS*HALLIBURTON: 'ALMOST IMPOSSIBLE' TO ADD FRACK CAPACITY IN '22*HALLIBURTON: SEES FURTHER SERVICE PRICE HIKES ON TIGHT CAPACITY

[pensioner2] 19/7/2022 14:22

Pound rising against dollar and Euro well below dollar parity.

[nestoframpers] 19/7/2022 14:17

Theoryman reminds me of Hub who was on iii , Hub was positive about GKP then joined M&G shaggers.

[giant_canine] 19/7/2022 14:17

BIG-CON-DOG NYSE Boiler re-iterates CONVICTION BUY :

.
"TAKEOVER Announcement IMMINNENT"

[giant_canine] 19/7/2022 14:15

The reason the likes of £$%Dog post 28,000 times, along with all the other sentiment inhibiting posters here and at LSE , here is because they are paid to constantly introduce , doubt and fear into retail holders new or old.
This is how BlackRock etc have built such huge cheap stakes pre a Black Swan massive multiple takeover.

[giant_canine] 19/7/2022 14:15

A huge milestone for Condog USA - Congratulations on breaking the 28,000 bashing post barrier...a monumental body of boiler room work.

#28,011 HUGE BUY SIGNALS

[bigdog5] 19/7/2022 14:10

The reason the likes of Carroll posts 350k via multi avatars is they're doubly desperate to try to claw back their huge losses from the first wipeout in 2016 and that they didn't have any funds left to buy in the open offer.

[releasethekraken] 19/7/2022 14:08

Timing of takeover announcement?Very close indeed , hence the aggressive deliberate work down in the share price for the past month, and the intensity of the idiots here and at LSE talking this down.Any day now..........

[releasethekraken] 19/7/2022 14:08

A huge milestone for Condog USA - Congratulations on breaking the 28,000 bashing post barrier...a monumental body of boiler room work.#28,010 HUGE BUY SIGNALS

[releasethekraken] 19/7/2022 14:07

The reason the likes of BigDog post 28,000 times, along with all the other sentiment inhibiting posters here and at LSE , here is because they are paid to constantly introduce , doubt and fear into retail holders new or old.This is how BlackRock etc have built such huge cheap stakes pre a Black Swan massive multiple takeover

[bigdog5] 19/7/2022 13:54

Stockport you really need to up your game with your spelling. Or were you on the same remedial table with harriet?