Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 06/6/2023 17:45

John Strafford - " 0.2% increase in Fracture porosity gives us another 800 K blls of reserves "

The latest Chinese study says 3.8% minimum FP .
The present GKP CPR FP level 0.7% ( same as granite, lol)

3.1/0.2=15.5x 0.8 Bn blls= 12.4 Bn Blls reserves, so 13 in total .

Spot on with the early volume forecasts from posters like BBBS Zengas and the rest.

[nufc9] 06/6/2023 17:38

We have been told that 2 articles are still being discussed (salary arrears and the decisions of the Federal Supreme Court in resolving the budget dispute between Erbil and Baghdad)

We have been told the following:

"KDP and Shia parties coalition have preliminarily agreed to remove three contentious items from the budget bill."

And then also:

"The provision granting the Iraq Minister of Finance the authority to approve the withdrawal of money to the KRG PM will be changed to grant that authority to the Iraq prime minister.
‣ The provision that suspends the region's share within 15 days during disputes between the federal government and the KRG regarding revenues will also be canceled."

So that's 2 still being negotiated, 1 changed, 1 cancelled and 3 removed.

There were a total of 7 amendments/changes to the budget, and the above accounts for all of them (I think).

[habshan] 06/6/2023 17:10

"Still no mention of the shut in of Shaikan being removed from the budget!"

There's no mention of this being removed either sniff:-

"The Kurdistan Regional Government and the Ministry of Natural Resources in the Kurdistan Region are required to hand over no less than 400,000 barrels of crude oil per day on average from its fields to the Oil Ministry for export through the State Oil Marketing Company (SOMO}."

[highlander7] 06/6/2023 17:09

A few more recent gems ....from Mr “ I am always right “ BIGDOG5 LOL

"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. Will they announce tomorrow or wait until the results."

"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 long time. What's to like?"

"The World is heading into a massive Recession and demand for oil may not return to pre virus days."

“Climate Change is real - because Boris told me”

[bigdog5] 06/6/2023 17:05

Should you still be trying to score points scotty snowflake as the owner of:-

"Trump will be back in the WH and will sort out Iran".
"There will be no wipeout"
"The bond holders will be paid off"
"There won't be billions of new shares"
"There won't be a consolidation"
"Finding the gas cap is a cert"
"And then we'll be pumping 100k a day"
"Gas cap not found but we can sell the gas and it will generate more money"
"We can sell the sulphur"
"The pipeline will only be closed for a couple of days"

There's pages of your BS scotty snowflake!!! The ones you haven't deleted of course.

[bigdog5] 06/6/2023 16:52

Told you before scotty snowflake to look at the dates of my posts for the clues.

[bigdog5] 06/6/2023 16:50

Budget looking good then, lol.

[sniff_the_tip] 06/6/2023 16:49

Kurdistan Watch

@KurdistanWatch

According to the Baghdad Al-Youm website:
• KDP and Shia parties coalition have preliminarily agreed to remove three contentious items from the budget bill.
‣ The provision granting the Iraq Minister of Finance the authority to approve the withdrawal of money to the KRG PM will be changed to grant that authority to the Iraq prime minister.
‣ The provision that suspends the region's share within 15 days during disputes between the federal government and the KRG regarding revenues will also be canceled.
‣ It is anticipated that all points of disagreement concerning the region's share will be resolved shortly, paving the way for the parliamentary session on the budget scheduled for Thursday.


Still no mention of the shut in of Shaikan being removed from the budget!

[bigdog5] 06/6/2023 16:48

Sniff_the_Tip6 Jun '23 - 14:58 - 679509 of 679517
0 0 1
"Correct Nest, Hence why GKP will be taken out for £4 to £5 Max, if it survives this current BS"


LOL, no chance, they have sludge in comparison to Total's top quality they sold for $1.60pb. Sludge about $1.25.

[habshan] 06/6/2023 16:47

The Finance Committee itself is divided and can't agree amongst themselves on the amendments.

We were told this morning by a PUK member of the Finance Committee that even the PUK didn't vote for the amendments and instead voted for the original text:-

Narmin Ma'roof: "We as the PUK did not agree with the changes made in the budget bill and did not vote for them, especially those that are a threat to the Kurdistan Region, but we voted for the original text."



"The Iraqi council of ministers approved the federal budget bill for the years 2023, 2024, and 2025 in March, and sent the draft to the legislature. The parliament was set to vote on the budget on May 27, but disagreements within the finance committee, concerning amendments relating to the Kurdistan Region, prevented the legislature from carrying out the process.

The finance committee is yet to reach an agreement on the divisive amendments, but is set to meet on Wednesday to discuss the latest updates."

[highlander7] 06/6/2023 16:47

Kurdistan Watch
@KurdistanWatch

According to the Baghdad Al-Youm website:

• KDP and Shia parties coalition have preliminarily agreed to remove three contentious items from the budget bill.
‣ The provision granting the Iraq Minister of Finance the authority to approve the withdrawal of money to the KRG PM will be changed to grant that authority to the Iraq prime minister.
‣ The provision that suspends the region's share within 15 days during disputes between the federal government and the KRG regarding revenues will also be canceled.
‣ It is anticipated that all points of disagreement concerning the region's share will be resolved shortly, paving the way for the parliamentary session on the budget scheduled for Thursday

[buyingacastle1] 06/6/2023 16:43

The calm before the storm today. It would make zero sense for Iraq to be investing in new oil fields whilst we have these ones and equally Turkey needs the cash so anyone can get their knickers in a twist for a bit but it will come good. I hope everyone is enjoying the brief dip in share price to top up!

[nufc9] 06/6/2023 16:38

Two points of disagreement remain between Erbil and Baghdad on the budget bill and Amiri is taking the initiative

Hadi Amiri, the leader of the Fatah coalition, has initiated a solution to the dispute between the Kurdistan Region and the coordination framework on the general budget bill, which remains two points of disagreement, related to salary arrears and the decision of the Federal Court.

On June 6, 2023, Mohammed Bayati, a member of the Badr presidency, told Rudaw that Hadi Amiri, the leader of the Fatah coalition and the organization's secretary general, has taken an initiative to resolve the dispute over the Kurdistan Region's share in the budget.

"There are discussions and the issue is related to the distribution of revenue and share of the Kurdistan Region and other Iraqi provinces, there is understanding and the issue is moving towards a solution," Bayati said.

On May 25, 2023, the Finance Committee of the Iraqi Parliament amended Articles 13 and 14 of the general budget bill, which are related to the share of the Kurdistan Region, so that more obligations on the Kurdistan Region on the delivery of oil.

According to information obtained by Rudaw from the coalition, there are two points that have not yet been finally agreed upon, namely the salary arrears and the decisions of the Federal Supreme Court in resolving the budget dispute between Erbil and Baghdad.

According to the changes, the Kurdistan Regional Government must pay 10% of the salary arrears monthly and if there are problems between Erbil and Baghdad in compliance with the law, the decisions of the Federal Supreme Court will be decisive Who has not handed over the oil to Baghdad.

"The Kurdistan Region has requested that Baghdad pay 10 percent of the salary arrears and the representatives of the coordination framework want it to be on the Kurdistan Region's share," a source in the coordination framework told Rudaw The clause should not be done

the Iraqi general budget bill, which is for three years; The size of the budget is more than 199 trillion dinars, of which more than 16 trillion dinars is the share of the Kurdistan Region.

To approve the bill, the differences on its articles must be resolved so that the Finance Committee can send it to the presidency of parliament, in order to determine a date for a vote on the bill.

[bigdog5] 06/6/2023 16:33

Its another classic.

nestoframpers6 Jun '23 - 14:57 - 679508 of 679514
0 5 0
I wouldn't have sat this out this long without the huge sense of incredulity I have in Re to the Shaikan 'cover-up ', they will keep it under wraps until the lead players are dead imo.

[sniff_the_tip] 06/6/2023 15:46

Layal Shakir

@layalshakirr

People working in oil companies in Kurdistan Region are being affected as exports have stopped for over two months now. Friends and relatives in the field tell me they are starting to let go of employees or they are introducing new work schedules with salary cuts.

#TwitterKurds

[johnbuysghost] 06/6/2023 15:33

Nah Sniff, takeaway is at least £50 per share for a fire sale.

£100 per share is the secret target of the shadow players.

[sniff_the_tip] 06/6/2023 15:32

Kurdistan Watch
@KurdistanWatch

The Iraqi Oil Minister announced that the oil contracts of the Kurdistan Region will undergo a comprehensive review. He highlighted that the temporary suspension of KRG oil exports has played a positive role in stabilizing oil prices, "ultimately benefiting Iraq as a whole".

[sniff_the_tip] 06/6/2023 15:16

Kurdistan Watch
@KurdistanWatch
·
11m
The Iraqi parliament has scheduled a vote on the budget for Thursday, June 8th.

A KDP MP has indicated that there is still no conclusive agreement on the disputed clauses concerning the Kurdistan Region in the budget bill, despite ongoing backchannel negotiations.

[sniff_the_tip] 06/6/2023 15:03

The Kurdistan Regional Government (KRG) Prime Minister spoke to the Turkish Foreign Minister on the phone and congratulated him on his assumption of office.

Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani met with Turkish Foreign Minister Hakan Fidan on Tuesday, 06-06-2

"I look forward to increasing our coordination with Turkey," the Kurdistan Regional Government (KRG) prime minister tweeted about his telephone conversation with the Turkish foreign minister.

hxxps://www.rudaw.net/sorani/kurdistan/0606202310

[sniff_the_tip] 06/6/2023 14:58

Correct Nest, Hence why GKP will be taken out for £4 to £5 Max, if it survives this current BS

[nestoframpers] 06/6/2023 14:57

I wouldn't have sat this out this long without the huge sense of incredulity I have in Re to the Shaikan 'cover-up ', they will keep it under wraps until the lead players are dead imo.

[nestoframpers] 06/6/2023 14:54

Looks like the June Divi will come in July if GKP is still an Inde ;o)

Turkey has made it's point quite enough , the little men in Erbil now feeling their real weight.

[sniff_the_tip] 06/6/2023 14:51

LOL "soon"