Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 19/10/2022 09:28

I LOVE THAILAND .

[mmt1] 19/10/2022 09:24

We aint, it will bounce. Just placed a large SB saying so :P

[petebreeze37] 19/10/2022 09:23

Hesitant to top up even though down to 200.

[r9505571] 19/10/2022 09:19

Can't believe we headed sub 200p here lads!

[philj100] 19/10/2022 08:38

What's the cost of living like in Thailand at the moment?

[hydrocarbon1] 19/10/2022 05:37

Hi Habshan,keep up the good work. I must thank you for not accepting my application to perform as your chauffeur even at only £250,000/year. This has prompted me to purchase a villa in Thailand which I previously leased 4 months of the year for last 4 years. I am hoping for GKP sale by April 2023. To all LTH may all your aspirations come to fruition.

[1waving] 18/10/2022 22:00

.
Bloomberg Reporter Calls Biden Out for Releasing More Oil From Strategic Petroleum Reserve as ‘Ploy’ Ahead of Midterms (VIDEO)
By Cristina Laila
Published October 18, 2022

Joe Biden is set to announce another release of more oil from the Strategic Petroleum Reserve ahead of the midterms in an effort to (artificially) bring gas prices down.

“The White House will release 10 million to 15 million barrels from the reserve as part of an existing plan, announced in March, to release 180 million barrels of crude oil into the market throughout the year, according to two industry people granted anonymity to discuss confidential discussions with the administration. There are about 15 million barrels remaining in the original release authorized by the White House.” Politico reported.

Bloomberg News reporter Jennifer Jacobs on Tuesday asked White House Press Secretary Karine Jean-Pierre why Joe Biden is announcing another release of oil before the midterms.

“Can you explain why…you mentioned that gas prices are going down again so why would the U.S. need another SPR release from that 180 million barrels that you already announced? Why would you need that now if [gas] prices are already dropping?” Jennifer Jacobs asked KJP.

The Bloomberg reporter followed up with: “Any response to those who would say or criticizing the White House saying it seems like a ploy ahead of the midterms?”

After waging a war on domestic energy production, Joe Biden is now draining the Strategic Petroleum Reserve.

Biden released millions of barrels in these reserves but the beneficiaries were Asian countries and Europe.

Last month Bloomberg reported Joe Biden wants to fill the Strategic Reserves with $80 per barrel oil.

Just two years ago the Democrats blocked President Trump from filling the Strategic Oil Reserves at $24 per barrel.
-----------

From The Gateway Pundit
.

[nestoframpers] 18/10/2022 22:00

You can see why estimates of Maliki's fortune are around $72 Bn .

[habshan] 18/10/2022 21:26

It's hard to know where to start, but let's start with this:-

825,520,500,000 dollars.

That's 825 BILLION 520 MILLION and 500 thousand DOLLARS.

Or 0.8255205 TRILLION DOLLARS.

"Shafaq News/ A member of Iraq's legislative body uncovered evidence that ties the country's oil minister to a new financial corruption scandal.

The rapporteur of the Communication and Transportation Committee in the Iraqi parliament, Zahra al-Bajjari, accused the discharged acting finance minister, incumbent oil minister Ihsan Abdul-Jabbar Ismail, of championing a scandal that is both "heavier and louder" than the 2.5 billion dollars embezzlement scheme.

Citing an audit into contracts the oil ministry concluded under the current administration; lawmaker al-Bajjari said that Ismail reduced the share of the government partner (state-owned oil marketer, SOMO) to 6% from 25%, "which means that Iraq lost 19% of its share.

These amendments have cost Iraq losses estimated at 825,520,500,000 dollars," she continued, "it requires international financial firms to precisely estimate the losses."

And this is somebody who is dictating to the Kurds about what is legal and what isn't.



In my opinion that scam, using SOMO, and fronted by this Iranian stooge, is what has enabled the Iranian regime to survive western sanctions, spread terror throughout the Middle East, finance their nuclear program, develop the drones that are now being used against Ukraine, finance their military and security apparatus which are currently being used to suppress Iranian protesters and all the other nefarious activities that Tehran is up to including all the Iranian backed militia that operate in Iraq.

And well done Zahra al-Bajjari for exposing it.

[habshan] 18/10/2022 20:42

Bigdog - "you will be confronted with a wall of laughter."

Talking of walls of laughter Sarah.

ptmorris - "has anyone asked Muttley as to where the money behind these dividend payments actually comes from? #Mattress #BackOfSofa .."

It's no good asking Sarah a question like that, FAR too technical.

Her ability to grasp such things is non existant, the bonehead is totally clueless.

Bigdog:-

"Major survival mode in action."

"40p tomorrow on its way to oblivion."

"Its inconceivable that the company's financial position won't alter materially, so how much will they get forced to borrow."

"Wipeout Mk2 on the way."

"The cash at bank is a long way from being sufficient."

"The oil price is predicted to stay low for a very long time."

etc, etc.

[ptmorris1] 18/10/2022 20:13

@Nufc9, has anyone asked Muttley as to where the money behind these dividend payments actually comes from?
#Mattress
#BackOfSofa ..

[nufc9] 18/10/2022 19:35

Perhaps Bigdog should call GKP and ask them why all the wells have failed..... you will be confronted with a wall of laughter.

[bigdog5] 18/10/2022 17:50

Perhaps nestofBS you should phone the Chinese Embassy and ask why they haven't bought the field.

I've explained why several times, but you have a word with them. Mention the presentation, you will be confronted with a wall of laughter.

[giant_canine] 18/10/2022 16:52

Dec 21 cash 176m..Current cash 125m or so Debtors 85-90m to comePlus 3 months more 2022 production. 110-130m.Less capex , and burn, still well ahead of last year .......But takeover very obviously the go.

[habshan] 18/10/2022 16:49

So the Cash Balance as at 16/12/21 should be increased by approx. $35m which makes it $211m.

Nice work Bumkin, Broadford was on the verge of a breakdown so he'll be most relieved:-

"Still no payment for June.
109 days since July 1st, when June invoice was presented.
Cash now down to ca $60M or so.
Are the hosts trying to tell us something?

[highlander7] 18/10/2022 16:40

Biden seems to have forgotten a few things. (1) Saudi buys most of its weapons from the US and the US weapons manufactures fund the Democrats. (2 ) he is going to have to refill the strategic petroleum reserve when Oil is predicted to be ~ $100 bbl ( a lot more than it was when he decided to MT it )

H7

[bumkin] 18/10/2022 16:37

Ref above post 662099.

I have just realised that last year’s September payment should have been paid in December (Sept & Oct $69.7m actually paid in January). So the Cash Balance as at 16/12/21 should be increased by approx. $35m which makes it $211m. But the forecast of $199 is still a good comparison, particularly as they have paid off the Bonds Holders.

[attyg] 18/10/2022 16:32

Amusing to think Biden is pondering whether to attack OPEC + for price manipulation as he also ponders further releases from the Strategic Oil Reserves (just as the US mid term elections are about to dominate the political landscape)

Oh well, it will all have to be replenished.

[bumkin] 18/10/2022 16:16

I have just been looking at the recent figures to try forecast the cash balance for the end of December 2022.

Cash Balance as at 23/06/22 = $247m

Cash Balance as at 31/08/22 = $112m

Payments for 23/06/22 to 31/08/22 = $82m

Capex for 23/06/22 to 31/08/22 (10 weeks) = $42m

Dividends paid between 23/06/22 to 31/08/22 = $75

Bonds paid between 23/06/22 to 31/08/22 = $100

Therefore from the 01/09/22 to the end of December the following has or might happen:

Dividend paid on 07/10/2022 = $25m

Payment made 18/10/22 = $50.7m

This makes the three payments from 23/06/22 which equal $132.7 (average $44m/month), I feel it is reasonable to use this figure for the next three months.

Therefore, forecast payments from now till end of December = $132.7

Capex from 01/09/22 to end Dec = $71.4 (approx., 17 weeks at £4.2m per week)

Therefore Cash Balance at the end of December = $199m

This compare to a Cash Balance as at 16/12/21 = $176m

We had $140m worth of Dividend’s declared in the first three months of this year, therefore, there appears to be plenty of scope for further Dividend’s payments early next year.

Here’s hoping.