Gulf Keystone Petroleum Share Discussion Threads

[intrinsic1] 19/12/2022 07:47

They owed aug sept Oct NovProb get aug this week

[noiseboy] 19/12/2022 07:44

They haven't been paid for any sales lost July yet!

[intrinsic1] 19/12/2022 07:42

116 and about 160m to come in billed..plus December invoice shortly

[highlander7] 19/12/2022 07:39

Jaap Huijskes, the Company’s Non-Executive Chair, has expressed his intention to retire from the Board and will not seek re-election at the 2023 AGM.

?

[basem1] 19/12/2022 07:32

Thought they had a lot more cash than that ?

[beernut] 19/12/2022 07:02

The Era Of Cheap Oil Has Come To An End

By Irina Slav - Dec 18, 2022, 6:00 PM CST
The recent crude price slump may not be indicative for what is to come in oil markets according to several investment bank analysts.
OPEC has not consistently produced more than 30 million bpd since 2015-2018.
Structural underinvestment in new oil supply may lead to structurally higher prices.
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In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the last time it discussed output. And it wasn’t by a few thousand barrels per day, either. The shortfall was some 1.8 million barrels daily, but more importantly, that sort of undershooting of its own target has become a regular thing for the cartel. Meanwhile, the United States federal government needs to buy some oil for its strategic petroleum reserve after releasing close to 200 million barrels from it this year as a way of countering fuel price inflation. Yet U.S. drillers are not in a rush to boost production. On the contrary, it seems production growth has lost its place among these companies’ top priorities.

[0ili0] 18/12/2022 19:06

Kurdish parliamentarian sets a fundamental condition that will end the differences between Baghdad and Erbil » Baghdad Today News Agency

Baghdad Today - Erbil

Jihad Hassan, a member of the Kurdistan Regional Parliament, said on Sunday that resolving the oil and gas issue is the essence of resolving differences between Baghdad and Erbil.

Hassan said in an interview with Baghdad Today that "resolving differences depends to a large extent on the oil and gas file, as it is the obstacle that stands in the way of ending the crises between the governments of Erbil and Baghdad."

"The solution to this issue is very simple and depends on passing the oil and gas law and dealing with it in accordance with the constitution, not on the basis of political whims," he said.

[releasethekraken] 18/12/2022 18:49

HTTPS://twitter.com/111notout1/status/1604399465460248576?s=61&t=wxeXnmt4HmHPu_eRcXifoQ

[releasethekraken] 18/12/2022 18:49

GOLDMAN SACHS EXPECTS A BUMPER YEAR FOR COMMODITIES IN 2023By Tsvetana Paraskova - Dec 15, 2022, 7:50 AM CSTGoldman Sachs believes a supply shortage and insufficient investment in new supply will drive a bumper year for commodities in 2023. The bank expects the S&P commodity index to post a 43% return next year, led by oil, gas, and key metals. While the first quarter of 2023 may be underwhelming due to an economic slowdown, a new supercycle in commodities is looming.Supply shortages and insufficient investment in new supply will result in a bumper year for commodities in 2023, Goldman Sachs says, expecting the S&P GSCI commodity index to post a 43% return next year. Commodities are set to be the best-performing asset class in 2023, the bank’s strategists said in a note.“From a fundamental perspective, the setup for most commodities next year is more bullish than it has been at any point since we first highlighted the super-cycle in October 2020,â€? Jeffrey Currie, global head of commodities research at Goldman Sachs, wrote, as carried by The Australian Financial Review.The first quarter of 2023 could be more underwhelming than the rest of the year due to the expected slowdown in economies, but the low levels of investment in oil, gas, and key metals will continue to underpin what Goldman has called a new supercycle in commodities.The drop in Brent Crude to the low $80s is likely temporary, according to the Wall Street bank, which says that oil market participants could be too pessimistic about China’s demand. Key metals necessary for the energy transition are also set for a bull run amid expected shortages in the coming years, Goldman and industry giants say.Earlier this month, mining and commodities giant Glencore said that a huge shortage of copper is looming while significant mine development is lagging. According to Glencore’s estimates, under the net-zero emissions pathway of the International Energy Agency (IEA), the world will be more than 50 million tons short of copper between 2022 and 2030.Moreover, Goldman Sachs also said in early December that copper prices were set for a new record-high next year amid an “extremelyâ€? tight market. Next year, Goldman expects copper prices to top the current record-high of $10,845 per ton that it hit in March 2022. It raised its 12-month price target to $11,000 a ton from $9,000 per ton.By Tsvetana Paraskova for Oilprice.com

[releasethekraken] 18/12/2022 18:48

Sold before Christmas :)--"BRoadfraud re -iterates CONVICTION BUY RECOMMENDATION#GKP will announce sale this coming week.-YOU CAN TAKE THAT TO THE BANK."

[beernut] 18/12/2022 18:30

Masoud Barzani calls for committing to the government's prerequisite agreements
Kurdistan
Erbil
Masoud Barzani

2022-12-18 12:47


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Shafaq News/ The Iraqi political forces should commit to the agreements that gave birth to Mohammad Shia al-sudani's incumbent cabinet, Kurdish leader Masoud Barzani said on Thursday.
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Barzani's remarks came during a meeting with Turkey's new Consul-General in Erbil, Memet Mevlut Yakut, in his headquarters in the Saladin resort near the capital of the Kurdistan region earlier today.
According to a readout issued by his headquarters, Barzani discussed with his guest the political and security situation in Iraq and the Kurdistan region and the commercial and economic ties between Erbil and Ankara.
The meeting, according to the readout, touched upon the Baghdad-Erbil ties, laying emphasis on implementing the agreements that paved the way for the government's formation and putting the Sinjar agreement into force in order to return the locals to their hometowns

[broadford bay] 18/12/2022 18:02

The water issues around the E side of the field are proving problematic - not just because of the volume of produced water, but also due to the very low energy of the producing formations being tapped.
The ESMs being utilized to enhance the low pressure and -flow, and get the stuff to surface, have shown up a significant downside to their use - the increased turbulence makes the entrapped solids and the oil-water emulsion more difficult to separate at surface.
Added to that is the very heavy oil being encountered - almost 0.993/0.995 gm/cc.
The surface separators are struggling, and the FEED for the supplementary water treatment facilities has had to be re-evaluated yet again.
As has been pointed out already, at least one well has had its producing level moved up and there is talk of a 2nd well also having its producing level adjusted higher.
When you factor in the SG of the produced water from at least 3 wells at the E side (neglecting TDS it's greater than 1.03) it's clear that fluid separation from these Butmah levels is proving very challenging.
It's an ongoing issue and will of course be solved / dealt with eventually, but it's proving a real headache for tarting up the EOY report.
Perhaps we will get some details towards the end of the week.

[nestoframpers] 18/12/2022 16:34

Payment over due now I reckon. Up date looming too.

[nestoframpers] 18/12/2022 16:33

Virus or bio weapon ?

top notch boffin

[habshan] 18/12/2022 15:27

Bigdog - "Rather odd because many of you morons don't believe there is any Covid. But there again you morons have always ignored irrefutable evidence preferring to believe in all the BS and fantasy."

Well I can think of one complete moron who tells us that 14 wells that are producing 45kbpd at an average of 3-4kbpd each have all failed.

And because your assertion is clearly "BS and fantasy" even a 5 year old would think you're an idiot Sarah.

[intrinsic1] 18/12/2022 14:35

GOLDMAN SACHS EXPECTS A BUMPER YEAR FOR COMMODITIES IN 2023By Tsvetana Paraskova - Dec 15, 2022, 7:50 AM CSTGoldman Sachs believes a supply shortage and insufficient investment in new supply will drive a bumper year for commodities in 2023. The bank expects the S&P commodity index to post a 43% return next year, led by oil, gas, and key metals. While the first quarter of 2023 may be underwhelming due to an economic slowdown, a new supercycle in commodities is looming.Supply shortages and insufficient investment in new supply will result in a bumper year for commodities in 2023, Goldman Sachs says, expecting the S&P GSCI commodity index to post a 43% return next year. Commodities are set to be the best-performing asset class in 2023, the bank’s strategists said in a note.“From a fundamental perspective, the setup for most commodities next year is more bullish than it has been at any point since we first highlighted the super-cycle in October 2020,â€? Jeffrey Currie, global head of commodities research at Goldman Sachs, wrote, as carried by The Australian Financial Review.The first quarter of 2023 could be more underwhelming than the rest of the year due to the expected slowdown in economies, but the low levels of investment in oil, gas, and key metals will continue to underpin what Goldman has called a new supercycle in commodities.The drop in Brent Crude to the low $80s is likely temporary, according to the Wall Street bank, which says that oil market participants could be too pessimistic about China’s demand. Key metals necessary for the energy transition are also set for a bull run amid expected shortages in the coming years, Goldman and industry giants say.Earlier this month, mining and commodities giant Glencore said that a huge shortage of copper is looming while significant mine development is lagging. According to Glencore’s estimates, under the net-zero emissions pathway of the International Energy Agency (IEA), the world will be more than 50 million tons short of copper between 2022 and 2030.Moreover, Goldman Sachs also said in early December that copper prices were set for a new record-high next year amid an “extremelyâ€? tight market. Next year, Goldman expects copper prices to top the current record-high of $10,845 per ton that it hit in March 2022. It raised its 12-month price target to $11,000 a ton from $9,000 per ton.By Tsvetana Paraskova for Oilprice.com

[intrinsic1] 18/12/2022 14:34

Sold before Christmas :)--"BIGDOG re -iterates CONVICTION BUY RECOMMENDATION#GKP will announce sale this coming week.-YOU CAN TAKE THAT TO THE BANK."

[bigdog5] 18/12/2022 14:21

How long before China goes into another lock down due to the massive increase in Covid there? That was always going to happen because they don't have an effective vaccine and refuse to take the excellent ones from the West.

Rather odd because many of you morons don't believe there is any Covid. But there again you morons have always ignored irrefutable evidence preferring to believe in all the BS and fantasy in and about Koruptistan.

Hey highlander7, how's your theory coming along about Trump getting back to the WH and sorting out Iran? What about Chevers? Or Xom? FDP that you said was agreed October 2021? Or 55k a day was only weeks away 12 months ago?

Rather strange that you say I get things wrong when in fact and there for all to witness its morons like you!!

Isn't it hype and spin week for you suckers to get excited about, lol.

[highlander7] 18/12/2022 14:06

Remember Biden has to top up the strategic petroleum reserve (b) There has been little to no investment in new O&G assets and (c) The Saudi's have a floor for the OP.

Thats where Goldmans assessment is coming from. Ignore it at your peril.

As for the GS layoffs ? Nothing to do with the OP. Everything to do with the current (or coming ) recession.

H7

[1waving] 18/12/2022 12:48

H7 ------ Maybe Goldman Sachs don't employ dummies, but they are getting rid of a lot of staff.

From The Gateway Pundit.

" With Recession Looming, Major Bank That Contributed to 2008 Crisis Announces Mass Layoffs
By Jack Davis, The Western Journal
Published December 17, 2022


Goldman Sachs is looking at cuts that could trim its workforce by 8 percent, according to multiple reports.

A report by Fox Business said the full scope of the layoffs is uncertain, but with 49,100 employees as of Sept. 30, an 8 percent cut would mean somewhere around 4,000 employees could lose their jobs.

The firm cut 500 workers in September.

Further, the annual round of hefty bonuses could be reduced or eliminated for what the Wall Street Journal called underperforming employees.

A report in the New York Post, citing the Financial Times, said the bonus pool was going to be diminished by 40 percent. "

---------

There are many indicators that a deep recession, or even depression, is on the way.
I think the markets will dive sometime in Jan/Feb.
The US economy numbers across the board are awful and have been so for several months. The only reason for the delaying of the recession is the Trillions of Dollars Biden has pumped into the economy and is trying to pump out Trillions more in the last working week before the House of Reps gets turned over to the incoming Republicans. All these Trillions are totally unfunded.

As for oil and energy prices, they are going to be very difficult to predict in the next year. The key word for next year may be uncertainty.