Gulf Keystone Petroleum Share Discussion Threads

[giant_canine] 08/9/2022 08:16

SB 5 quid a point short LOLPersonally,not that I care, this might bounce sharply.Let's see.

[sbb1x] 08/9/2022 08:11

218-214-208

[sbb1x] 08/9/2022 08:05

Oil support broken

[giant_canine] 08/9/2022 07:57

HTTPS://twitter.com/111notout1/status/1567588642545074178?t=A6KvoRrBXSIPPa-KWZTdiA&s=19

[steephill cove] 08/9/2022 07:51

Bigdog5 & Broadfraud Bay GKP Fantasy Island:- Its a plane boss! 🏝

Wonder which one is Tattoo 🤣

[highlander7] 08/9/2022 06:08

LOL.

Well he seems to have managed to get you two desperate idiots excited by quoting facts against your usual fantasy BS.


H7

[ozzmosiz] 07/9/2022 22:35

Why would a 1% drop in Brent cause a 10% drop. Nuts. We are too low for earning and divs already, drop it and i will be all in

[bigdog5] 07/9/2022 21:34

BB, habscum lies all the time, best filter the moron.

[habshan] 07/9/2022 21:24

"All of the numbers are taken from the relevant Annual Results presentations, month for month."

Well I'll tell you what to do Broadford.

Why don't you drop them an e-mail and tell them that you're most discomposed that the numbers given in their Operational Updates don't exactly match up with the numbers given in their Presentations.

I'm sure thar Jon Harris will be more than happy to drop everything and sort it out for you.

And maybe you should add to your e-mail that you think he should be concerned about what the Russians are up to on Akri Bijeel and that 3 other IOCs are having problems on fields up to 100 miles away.

I won't ask you to post up any reply because I'm not interested.

And I can't imagine anyone else here is either.

[broadford bay] 07/9/2022 21:02

Habscam,

all of the numbers are taken from the relevant Annual Results presentations, month for month.
They are absolutely correct.
Example:
Jan/Feb/Mar-2020
39.7, 38.0,37.3 gives Q1 = 38.333Mbopd

Apr/May/Jun-2022
42.6, 44.7, 46.0 gives Q2 = 44.433Mbopd.


Gives +16%.

The Atrush operator also had his issues to deal with.

[releasethekraken] 07/9/2022 20:01

HTTPS://twitter.com/ChicagoJack5/status/1567476655320334336?s=20&t=KW-G8tEP9ogKLMgAH3UsRA

[releasethekraken] 07/9/2022 20:01

HTTPS://twitter.com/111notout1/status/1567588642545074178?s=21&t=BRaQhhVi5qOQdsWlGUdfIw

[sbb1x] 07/9/2022 19:59

Brent in tge 87s now ffs.208 possible tomorrow

[nestoframpers] 07/9/2022 19:54

Nice find Beernut sounds very promising to me.

Couldn't agree more Attyg , will have to see what the EU price cap on Russian oil will do to POO. It could go mental if Putin closes all the pipes.

[nestoframpers] 07/9/2022 19:49

Seems a waste of time the EU having a consulate in the KRI since they are the 51st state, the USA already has a massive consulate there.

[attyg] 07/9/2022 19:39

If your best mate said, I know a company whose market cap is 16 months of its EBITDA and the dividend yield is 38%. You’d doubtless say, “You’re having a laugh”.
However, that’s what we have with GKP.

Mkt cap of £493m converted at 1.15 equates to $567m;

EBITDA for the first 6 mths is $208.6m;

Dividends declared (so far) in 2022 equate to $215m

OK, you would ask – will it continue next year.

Well of course there are three key factors.
Oil price; production volume and will the KRG pay on time.

Naturally many are pleased that the oil price is on a downward trajectory. I think most agree that this has been caused by the continuing and even increasing city wide lock downs in China where Xi is hammering home his zero tolerance for covid; plus the general fear of a global recession markedly reducing the demand for oil. Well Goldman Sachs continues with its outlook of oil at $135/barrel in Q4 this year. One can argue the different points of view – but one thing is certain, Xi will have to declare victory over covid soon – possibly shortly after his inauguration in October, otherwise there is a good chance of riots in China, OK my view. Also plenty commentators consider demand destruction due to a recession is somewhat exaggerated. Anyhow, I am of the view we will see $100 oil once again – after all the US has to replenish its strategic oil reserves and Saudi Arabia likes oil around $100.

As Habsham coherently details, GKP has steadily been increasing production volumes and the company is on a plan to continue with such production increases. The oil is there and the company has sufficient internal resources to fund the declared capex programme to get us to 50,000 barrels/day.

The KRG has paid off arrears and has become a dependable payer of GKP’s invoices. On the basis that the oil price does not decline markedly from the current $88, I am comfortable the KRG can manage to meet its obligations to GKP.

Of course we benefitted from the receipts of arrears during the year, but increased production should fairly well meet that “over payment” going forward.

The crazy think with this share is that swings of 5% occur on a daily basis. Just incredible.

Anyhow, I still think we could well be sold by Christmas 2022 – frankly, it couldn’t come too soon for me!

[beernut] 07/9/2022 19:30

US doubling efforts to resolve Erbil-Baghdad energy issues, top US official tells PM Barzani
She also reiterated his country’s continued support for the Kurdistan Region and its Peshmerga forces. Kurdistan 24
52 Minutes

Kurdistan Region Prime Minister Masrour Barzani (right) during his meeting with The US Assistant Secretary of State for Near Eastern Affairs Barbara A. Leaf, Sept. 7, 2022. (Photo: KRG)
Kurdistan Region Prime Minister Masrour Barzani (right) during his meeting with The US Assistant Secretary of State for Near Eastern Affairs Barbara A. Leaf, Sept. 7, 2022. (Photo: KRG)
Kurdistan Krg Barbara A Leaf Masrour Barzani US Iraq
ERBIL (Kurdistan 24) – The US Assistant Secretary of State for Near Eastern Affairs Barbara A. Leaf told Kurdistan Region Prime Minister Masrour Barzani that her country would intensify efforts to resolve the outstanding issues between Erbil and Baghdad, particularly in the oil and gas sector, according to a statement.

Barzani received Leaf and her accompanying delegation on Wednesday in Erbil, where they discussed the relations between the Iraqi and Kurdish governments, the Kurdistan Regional Government (KRG)'s ninth cabinet reform program as well as American investment, according to a statement from the premier’s office.

If left unresolved, the lingering issues between the two governments, particularly in the energy sector, would have a negative impact on the stability and security of Iraq, Leaf warned, adding her country would intensify the efforts to resolve them, according to the government statement.

She also said those issues should be resolved through dialogue, according to the statement.

She also reiterated her country’s continued support for the Kurdistan Region and its Peshmerga forces.

In return, Barzani said that the Kurdish people have sacrificed a lot for their legitimate rights and they would not give up on their constitutional rights under any pressure, the statement added.

He also added Erbil is willing to resolve the outstanding issues based on the constitution.

Speaking of diversifying the Kurdish economy and sources of revenue, Barzani briefed the delegation on his cabinet’s reforms in that regard.

They also discussed climate change and its negative consequences on Iraq and its Kurdish region as well as relying on renewable energy. American investment and empowering the private sector were also highlighted.

The delegation met with Deputy Prime Minister Qubad Talabani, Kurdistan Democratic Party (KDP) President Masoud Barzani, and the Kurdistan Region President Nechirvan Barzani earlier Wednesday.

[releasethekraken] 07/9/2022 18:45

HTTPS://twitter.com/ChicagoJack5/status/1567476655320334336?s=20&t=KW-G8tEP9ogKLMgAH3UsRA

[releasethekraken] 07/9/2022 18:44

BROADFRAUD :"Hostile bid incoming"

[releasethekraken] 07/9/2022 18:44

BIGDOG " Expect imminent bids"

[habshan] 07/9/2022 18:42

"Kozel said he would be pumping 150k by 2014!!"

And if he'd been paid he probably would have been Sarah.

That's what he borrowed the $600 million for.

If you had a dirty great mortgage and then your income dried up you'd be up the creek as well.

It's very basic Sarah, if you weren't so thick you'd be able to understand it.

[bigdog5] 07/9/2022 18:35

Thirteen years on from S1, 15 wells producing 45k a day of very heavy oil, lol.

Kozel said he would be pumping 150k by 2014!!

The company did, according to them, manage to achieve the fabled 40k by December 2014 and have made sure their trough has been "filled to spill" ever since innit suckers.

[bigdog5] 07/9/2022 18:30

Mr Carroll, isn't it time you took round the tea trolley?