Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 27/9/2022 19:17

8 working days till we get the next Divi.

[beernut] 27/9/2022 18:49

Not sure if this is article posted by Habshan earlier

New Iraqi coalition to discuss drafting oil, gas law: OfficialToday 11:46
RBIL, Kurdistan Region - The Sunnis, Kurds, and Iran-backed Coordination Framework are working towards forming a coalition that will draft a long-anticipated oil and gas law agreed upon by the Iraqi and Kurdish governments, the second deputy speaker of Iraq’s parliament told Rudaw on Monday as the body prepares to convene.

The framework is close to announcing a coalition with the two main Kurdish political parties and the Sunnis to expedite the government formation process as s the legislature approaches its one-year mark without a cabinet.

Shakhawan Abdullah told Rudaw's Sangar Abdulrahman that the agreement between the parties of the coalition, reportedly named “Running the State Coalition,” stipulates that an oil and gas law “must” be drafted.

“The constitution rules on the topic of oil [and gas] … the oil and gas law between the federal government and the regional government will be drafted with an agreement," Abdullah said while stressing that the law will be drafted with a “complete agreement so that one political side does not possess greater influence.”

The Iraqi Federal Supreme Court ruled against the Kurdistan Region's oil and gas law in mid-February, claiming that it was "unconstitutional", hence striking down the independence of the Kurdistan Region's oil and gas sector and putting its industry in jeopardy.

Abdullah said that the top court’s ruling against the Region's oil and gas law will serve as a "boost" for drafting the oil and gas law.

The Kurdistan Democratic Party (KDP) demands the new Iraqi government to address the oil and gas law and other issues related to Kurdish rights, MP Sherwan Dubardani told Rudaw's Nazanin Goran on Monday.

On Wednesday, the US called on Iraq and the Kurdistan Region to work together to address ongoing oil and gas disputes, saying the solution to the dispute must come internally without any foreign interference.

Iraq's parliament is expected to convene on Wednesday in its first meeting since June 23. The legislative body suspended its session on July 30 after supporters of powerful Shiite cleric Muqtada al-Sadr stormed the legislature building and demanded the dissolution of parliament and the holding of early elections.

The session will be the first after weeks-long protests and political tensions across Iraq. MPs are expected to vote on the resignation of Parliamentary Speaker Mohammed al-Halbousi’s resignation, the meeting’s agenda showed.

[beernut] 27/9/2022 18:43

From Lse. Got jumped all over when posted.

KRG getting its financial affairs in orderToday 14:03
hxxps://www.rudaw.net/english/kurdistan/27092022

KRG putting its financial commitments to the oil sector in order is essential for future IOC’s large scale investment and development due diligence ,GKP debt free oil producer with large field upside development prospects route to the European market is a prime target

[giant_canine] 27/9/2022 17:24

Fair value £ 6.72.

[giant_canine] 27/9/2022 17:24

Huge buying

[sbb1x] 27/9/2022 16:42

Closed @200.50 looks like our big trader was dumping.

[spark plug] 27/9/2022 16:39

Good to see sentiment gradually return throughout the day, but as usual, Bot's keeping the price under control so they can gather up a few more. Let's all hope Iraq as a whole have finally realised that they are better agreeming regardless of differencies as opposed to the recent unrest. Us LTH have been here many times before but there must have been a lot of effort from the USA behind the scenes to finally put the Oil & Gas Law to bed.

[nestoframpers] 27/9/2022 15:44

yes Habshan and the Chinese study said 3.8% , as Scotty would have said "I canna hold her much longer Capt , she's gonna blow".

[habshan] 27/9/2022 15:18

"And you can add 300% more FP 0.7% to 2.8% ( being conservative) . That will get you around 26 Bn blls OIP, haven't worked it out don't need to. Keep the faith."

Hi Nest, according to jackohelp, this was stated in a presentation to analysts in 2012 (post 206935) :-

"In terms of the Jurassic matrix, the overall fracture or amount of oil retained is higher than expected, where originally it was thought 0.8%, but is now proven to be some 3%. The main takeaway on the back of SH5 SH6 is we can expect an increase again in OIP on Shaikan."

[nestoframpers] 27/9/2022 15:04

eddie47 - 16 Sep 2022 - 09:07:11 - 661088 of 661451 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
CPR only considered 25% of the area and 39% of the depth. Do the math.

---------------------------

And you can add 300% more FP 0.7% to 2.8% ( being conservative) . That will get you around 26 Bn blls OIP, haven't worked it out don't need to. Keep the faith.

[giant_canine] 27/9/2022 14:50

Fair value £ 6.72.

[habshan] 27/9/2022 14:41

"Still, as long as the trough is filled, the shareholders get their divis and certain people out there get richer why should the health of the Kurds that live in the vicinity of certain oilfields, shaiCON being one of them, concern them?"

Hello Sarah, it sure as hell didn't concern you did it.

So why the concern for the health of the Kurds all of a sudden, when you were telling us all that Shaikan had 26 billion barrels of oip you couldn't give a monkeys about their health, all you were concerned about was the trough being filled, getting your divis, getting richer and finding even more oil.

So what changed your mind:-

Bigdog (170714):-

"Shaikan is massive, possibly 18b-26b barrels OIP. The 18b figure was recently mentioned by one of the BoD's. TK has suggested we could have 26b.

Value we're not sure but think north of $5 a barrel. Recovery around 30%.

Company maker, could say that but then there are two further "big" licences."

[highlander7] 27/9/2022 14:40

OK Doggie ....enough of your gibberish.

"What about the FDP that highlander said was agreed last October?"

Post the post number where I said that.

"And highlander continues to state that there isn't a gas flaring problem!!!

Correct , they have a standard production issue faced by every Producer in the world. ALL producers initially get a dispensation to flare to atmosphere until production justifies gas reinjection. Standard practice. What is happening now is normal industry practice as has been explained to you many many times. Do you 2 idiots actually believe Kurdistan will shut down Shaikan ?

Now get that CV of yours off to Branson and his hot air balloons.

LOL

[bigdog5] 27/9/2022 14:21

Good afternoon fantasists.

How's the 55k a day coming along that habscum and highlander said was only weeks away 20 months ago?

How's the "imminent" takeover coming along that you desperate morons have been begging for and have been predicting for 12 years?

Any of the Kozel BS barrels been discovered in 12 years despite 15 wells?

What about the oil law that's been predicted as "imminent" for 15 years?

What about the FDP that highlander said was agreed last October?

And highlander continues to state that there isn't a gas flaring problem!!! The one that the hosts wanted fixed and gave the producers 18 months (to the end of 2022) to achieve.

Before making ludicrous statements like that the idiot ought to do a bit of research to understand how bad the gas flaring is and all the associated health problems it's causing. I don't recall the company mentioning anything about all the health issues they're contributing to. Still, as long as the trough is filled, the shareholders get their divis and certain people out there get richer why should the health of the Kurds that live in the vicinity of certain oilfields, shaiCON being one of them, concern them?

Sunset raid imminent is it Mr Carroll?

[arcadian] 27/9/2022 14:12

We`re due a payment.

[beernut] 27/9/2022 14:00

Nice one Habshan.

[giant_canine] 27/9/2022 13:23

Fair value £ 6.72
.

[maxplus2] 27/9/2022 13:16

You focus too much on past and not much in present time.

[shortsqueezer] 27/9/2022 12:15

Shame about the Iran backed element

[nestoframpers] 27/9/2022 12:15

Nice , sounds fair.

[habshan] 27/9/2022 11:33

Here's hoping:-

"New Iraqi coalition to discuss drafting oil, gas law: Official."

ERBIL, Kurdistan Region - The Sunnis, Kurds, and Iran-backed Coordination Framework are working towards forming a coalition that will draft a long-anticipated oil and gas law agreed upon by the Iraqi and Kurdish governments, the second deputy speaker of Iraq’s parliament told Rudaw on Monday as the body prepares to convene.

Shakhawan Abdullah told Rudaw's Sangar Abdulrahman that the agreement between the parties of the coalition, reportedly named “Running the State Coalition,” stipulates that an oil and gas law “must” be drafted.

“The constitution rules on the topic of oil [and gas] … the oil and gas law between the federal government and the regional government will be drafted with an agreement," Abdullah said while stressing that the law will be drafted with a “complete agreement so that one political side does not possess greater influence.”

[nestoframpers] 27/9/2022 10:03

Long piece on the Barzanis , it's not complementary.


All major business, and especially those which rely on airport or oil industry revenue, must now go through Waysi and Masrour. While Zebari may lobby in Washington against the Iraqi Supreme Court’s ruling on oil revenue belonging to Baghdad, the Barzani concern contrary to Zebari’s private conversations with old contacts in Washington appears less motivated by broader Kurdish concerns about federalism and more by Masrour and Waysi’s reliance on oil revenue to fund their security apparatus.

Both Kurdish and security sector associates say Waysi is so cautious about evidence as to his activities that he completely eschews electronic means of communication or social media.