Gulf Keystone Petroleum Share Discussion Threads

[klassic] 11/10/2023 12:46

Yes Doggy, SOMO will dictate the terms of production and sales. Just get on with it.
The $150m owed to GKP by KRG has effectively been written off by the market so SOMO refusal to accept any responsibility for it is fully reflected by the company’s current capitalisation.
Have you loaded up before your much touted blossoming to £1.50ps ?

[bigdog5] 11/10/2023 12:42

Not quite but I certainly know you're a fraud sniffy.

As is the Doctor. And begdog. And around 150 others from the Carroll camp of frauds and liars.

[doctortakeover] 11/10/2023 12:40

$151 m payment RNS nearby

[sniff_the_tip] 11/10/2023 12:33

Bigdog knows everything about everything.

[bigdog5] 11/10/2023 12:30

Yes that's correct, they hold all the cards. Baghdad will dictate the terms. You'll see in the fullness of time. The KRG haven't any money to pay the producers and are massively in debt which grows by the minute. So they have no cards to play. SOMO has taken control. And according to the jungle drums material changes are on the way. Start constructing your usual hype and spin just like RW could always be relied on to do:-)

But perhaps the pipe will see oil before the terms get announced. Otherwise "my" £1.50 may need a ton of hype and spin? I'll leave that to all you gullible rampers:-)

[eddie47] 11/10/2023 12:14

Exxon agree to buy Pioneer.

[habshan] 11/10/2023 12:13

Bigdog - "Baghdad/Somo hold all the cards and will get what they want...."

So they hold all the cards do they.

So why are they helpless to do anything about this:-

"The Iraqi Government may be obligated to deliver a minimum of 35 million tonnes of oil per annum through the ITP, according to MEES reporting. Failure to deliver this minimum throughput results in the Iraqi government incurring a tariff of approximately $300 million per year. These tariffs may now be accruing as of October 4."

Plus the loss of $7 billion in revenues.

Not one litre of oil will flow through that pipe without APIKUR's approval never mind 35 million tonnes.

Meanwhile, agricultural lands become desert, livestock dies of thirst, farmers uproot to the cities, schools go without drinking water and river levels continue to fall.

All while GKP continues to sell their oil at $30 a barrel and the bank balance continues to rise.

[bigdog5] 11/10/2023 12:10

sarah, Baghdad are not losing $1b a month. They are not losing at all because the oil they were pumping through the pipe has been going South for months. Its the Kurds that have been losing and are likely in more debt than ever. They don't have the money to pay Apikur and have taken loans from Baghdad to pay their workers. Apikur not going to pump? You really don't have any idea as to what is going on. Working on all your hype and spin yet, you need to be. What part of Baghdad is out to control the Kurds is it you have never understood.

[ozzmosiz] 11/10/2023 11:24

And there is the reason the gap was so wide earlier

[habshan] 11/10/2023 11:18

APIKUR.

October 11, 2023.

Key Points:
• October 11 is the 200th day of the halt of oil export deliveries through the Iraq-Türkiye Pipeline (ITP)
• ITP closure has collectively cost the Government of Iraq, Kurdistan Regional Government, and APIKUR member companies a total of $7 billion in lost export revenues
• Iraq may be accruing almost $1 million liability each day since October 4 when Türkiye declared its intent to reopen the ITP for export of oil

APIKUR notes that today marks the 200th day of the halt of oil exports in the Iraq-Türkiye Pipeline (ITP). During this period, the Iraqi government, the Kurdistan Regional Government, and International Oil Companies have collectively lost $7 billion in revenues. This equates to a loss of $35 million every day. In addition, the closure has significantly impacted the livelihoods of the Iraqi people and local communities that have relied on the economic impact of APIKUR member company investments for more than 15 years.

Furthermore, since the Minister of Energy and Natural Resources of Türkiye declared that the ITP is ready to resume operations as of October 4, the Iraqi Government may be obligated to deliver a minimum of 35 million tonnes of oil per annum through the ITP, according to MEES reporting. Failure to deliver this minimum throughput results in the Iraqi government incurring a tariff of approximately $300 million per year. These tariffs may now be accruing as of October 4.

These losses are avoidable and impact the global oil market, economic entitlements of the Kurdistan Regional Government, and the livelihoods of countless Iraqis and their families.

“As financial losses increase daily, APIKUR member companies encourage a swift solution for our contractual issues and a clear understanding between the Governments of Iraq and Kurdistan Region for our future payments,” said Myles B. Caggins III, APIKUR spokesman.

APIKUR members are open to engage with all parties to reach a commercial resolution that preserves their contractual rights and enhances the future investment climate of Iraq and the Kurdistan Region.

- Ends -

[shortsqueezer] 11/10/2023 10:41

That's a win win then. Carry on carrying on :-)

[johnbuysghost] 11/10/2023 10:39

I've thought that myself shortsqueezer. ;)

Wine boxes are also good for the environment.

[shortsqueezer] 11/10/2023 10:36

Is there? I will look it up. Was hoping it correlated to the volume of wine we drink. Lol

[doctortakeover] 11/10/2023 10:35

There is such a thing called natural T cell immunity.Think thankfully my family has that

[shortsqueezer] 11/10/2023 10:34

Touch wood neither myself or my misses have ever had it. And she works with very vulnerable people. She is the only person in her hospital not to have had it even though she has worked very closely with those were carrying it. On numerous occasions.

[johnbuysghost] 11/10/2023 10:34

Agree Doctor.

[doctortakeover] 11/10/2023 10:33

SOLD BEFORE CHRISTMAS,;)

[johnbuysghost] 11/10/2023 10:32

Here we go then. Oil will be pumping by Halloween 2023.

[luckyclicker] 11/10/2023 10:31

https://www.kurdistan24.net/en/story/32829-KRG-to-discuss-resumption-of-halted-Kurdistan-Region-oil-export

[luckyclicker] 11/10/2023 10:30

The weekly cabinet session will be led by Prime Minister Masrour Barzani in the presence of Deputy Prime Minister Qubad Talabani in Erbil, according to a statement from the government.

[luckyclicker] 11/10/2023 10:29

ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) Council of Ministers is set to discuss the resumption of the Kurdish oil export, which has been halted for over six months.