Gulf Keystone Petroleum Share Discussion Threads

[mattybuoy] 30/1/2023 13:33

The RNS on ADVFN is formatted strangely and has bits missing.

Full release below.

[arcadian] 30/1/2023 13:13

Sizeable book trades earlier on too.

[petebreeze37] 30/1/2023 13:02

Volume steadily growing.

[zangdook] 30/1/2023 12:43

as usual they announce the dividend payment date but not the ex- date or the amount per share.

[scrwal] 30/1/2023 12:33

Good update and a nice divi all things considered.

[warrior boy] 30/1/2023 12:00

Excellent update.

[imnotspartacus] 30/1/2023 10:54

Rns looks good so bought back the slug of shares I sold a couple weeks ago.

[bang_gone] 30/1/2023 10:45

Seems they setting up for plenty of news flow

[highlander7] 30/1/2023 10:41

Broadford , what The Kurds bring to Iraq is irrelevant, its what they potentially bring to the West and USA in particular that are of value. They offer the USA military bases to counteract Iran and they bring a large potential Oil and Gas supply to Europe to compensate for the loss of Russian supplies. Which is why this Iranian instigated power struggle continues and why it will fail.

Geopolitics never was your strong point and even now you fail to understand its significance. The ICG is a nonentity in this context.

H7

[habshan] 30/1/2023 10:32

Broadford, there are a couple of things that you clearly don't understand.

The first is that Sarah used the term "eastern half", the field is divided into two halfs on each side of the ravine, S-16 is in the eastern half.

Secondly, what you seem to be confusing that with is the eastern "SIDE" of the field.

The reason we don't drill over at the eastern "SIDE" of the field Broadford is really very simple.

Having analysed the seismic, the Reservoir Engineers and Geologists wanted to confirm their understanding that the eastern flank which was determined by the location of the water was where they thought it was. So they drilled Sh-6 and their analysis was confirmed.

You don't drill production wells where you know there is water Broadford, you keep well away from it.

That's why they don't drill production wells at the eastern "SIDE" of the field.

Just common sense I'd have thought, to most people anyway.

[habshan] 30/1/2023 10:12

Broadford - "You overvalue what the Kurds can bring to the table...
The Paris court ruling essentially addresses 2 elements:"

The Kurds can bring to the table a lot more than you think Broadford.

Baghdad brought this case to Arbitration in 2014. It's taken NINE years to finally arrive at this ruling.

That ruling will be subject to appeal claim and counter claim, and all of that will take what? another nine years?.

"No matter the ICA’s ruling, the result likely would lead to extensive appeals and counterclaims, leaving a mutually unsatisfactory status quo. Furthermore, parties to the 1973 agreement chose French law to govern, which could make the decision subject to a review in a French court that could find the panel’s ruling non-binding for lack of jurisdiction.

Even if the ruling is affirmed, its enforcement would likely be problematic. The New York Convention on Foreign Arbitral Awards contains a “public order” exception that permits the non-enforcement of a decision if it is determined by “the competent authority” to be “contrary to the public policy of that country” where enforcement is sought. Given the politicized character of the judiciaries and other state institutions in Turkey and Iraq, the loser’s resort to the convention’s Article V is a distinct possibility."

Meanwhile the pipeline will remain open until all of those legal avenues have been exhausted and the Kurds will continue to use it, and should the Turks and the Kurds decide that they need to they will have plenty of time to build a new pipeline from Faysh Khabur to Ceyhan and cut out Baghdad altogether. As the existing pipeline also runs through Kurdistan and which is Baghdad's only route out from the Kirkuk oilfields the Kurds could just turn it off, if they can't use it then nobody uses it.

[steephill cove] 30/1/2023 10:05

Broadfraud Bay yawn 🥱

It must be so painful for you knowing that your intended audience only see a blank FILTERED space where your angst & lies 🤥 reside.

You were put in the GKP derampers skip a long time ago son.

👋

[eddie47] 30/1/2023 09:55

Very strong RNS IMO.

[broadford bay] 30/1/2023 09:45

SH-16/17 is most definately not in the E half of the field - it's bang in the middle.

Habscam:- The parrot who can only repeat what his master teaches him.

[bumkin] 30/1/2023 09:44

On historical information there should be a further declaration at the end of March/beginning April of a minimum interim divi. of $25m (payable May) and a minimum final divi. of $25m (payable July).

That would be a minimum $75m declared in the first three months of 2023 against $140 declarered for the same period in 2022, which seems reasonable.

Obviously depending on payments and (as per RtK) we aren't taken over 😬

[habshan] 30/1/2023 09:42

Bigdog - "How strange that there are no wells being drilled on the Eastern half of the field. Absolute proof that a few of us were totally correct and that the Eastern half is in technical terms, fekked?"

Sh-16 is in the eastern half of the field. We were told on the 19th of last month that it had been brought on line and was in production with good productivity but was constrained due to having to share a flowline with Sh-12 but that it was being ramped up from it's current level. We were also told that current field production was 44,400 bpd.

This morning we were told that during January the field output averaged 47,800 bpd "with the recent increase driven by the gradual ramp up of SH-16, which was brought online in December 2022."

So ramping up production from Sh-16 by installing it's own flowline has added 3,400 bpd to what it was already producing. That sounds to me like a 4-5,000 bpd well, and Sh-17 which has already been drilled and completed from the same pad is currently being hooked up and readied for production.

Yet another demonstration from Sarah that she hasn't a clue what she's talking about.

[broadford bay] 30/1/2023 09:35

You overvalue what the Kurds can bring to the table...

The Paris court ruling essentially addresses 2 elements:
A. Legality of using the Ceyhan Pipline - an asset subject to sovereign agreement between Iraq and Turkey.
B. Payment due to Iraq in respect of "illegal" or misappropriate use of the pipeline since dd,mm.yyy.

Issue A will have a very clear ruling; its ramifications for the future of Kurdish oil exports will be wide-reaching.
Issue B will offer bother parties some wriggle room - but with the leverage being very much in Baghdad's favour.

As to what power the Kurds may have with their "powerful friends", well, we shall see.

[fairenough11] 30/1/2023 09:30

Yep,all ducks still aligned keep a tight hold of your shares imo.

[highlander7] 30/1/2023 09:12

Correct. The final agreed CPR will be a part of the FDP. By agreed I mean by all stakeholders.

H7

[bumkin] 30/1/2023 09:12

Divi per share $0.1156 (£0.0934 on current exchange rate).

[releasethekraken] 30/1/2023 09:11

No need to guess read the RNS .$25 million interim dividend is equivalent to 11.561 US cents per Common Share of the Company and is expected to be paid on 3 March 2023, based on a record date of 17 February 2023 and ex-dividend date of 16 February 2023

[bumkin] 30/1/2023 09:07

If Pay Date is 03/03/23, then the Ex Date should be 16/02/23 working on historical information.

[releasethekraken] 30/1/2023 09:01

Pretty sure you can't !========How can you generate a new CPR unless the scope/cost of the new FDP is factored into it.Seems to me they saying FDP done deal.

[hangthedj] 30/1/2023 08:50

Yes, lets hope the main news flow is regular monthly payments.
Good update in general but slight negative is the mention of Sept-Nov OVERDUE payments.

[releasethekraken] 30/1/2023 08:44

Seems they setting up for plenty of news flow