Gulf Keystone Petroleum Share Discussion Threads

[theythinkitsallover] 12/10/2023 09:43

Genel director buy summary

Bilgin Grup Doğalgaz A.Ş. transactions this year are as follows (newest to the top)

630,000 £1.200

100,000 £1.117

450,000 £1.118

25,000 £1.110

750,000 £1.111

100,000 £1.095

300,000 £1.087

213,488 £1.131

220,000 £1.168

16,911 £1.092

Which is a total of 2,805,399 bought at an average price of exactly £1.1350 per share.

So there current holding is 65.328M or 23.31%

[johnbuysghost] 12/10/2023 09:23

Bidding war......£100+ per share imo.

[doctortakeover] 12/10/2023 09:21

35 quid minimum imo.".....JakelaMottaPosts: 32Price: 121.00Strong BuyTakeover valuations after legitimisation of PSC?Today 08:44Clearly no pipeline exports will happen until the APIKUR members are satisfied which means, back payment receipts and firm guarantees on forward payments. That agreement is nearby as the Iraqi PM said yesterday.GKP has always been a hugely attractive operator sat on huge cheap to lift reserves.With huge geo political barriers removed post export resumption , what is the company worth to the Seven Sisters?

[confusciousone] 12/10/2023 09:18

Gross average sales are currently c.33,000 bopd whilst GKP is striving to increase sales volumes. Realised prices have continued to average around $30/bbl. That calculates at roughly $10M in sales per month which more than covering current monthly costs of $6 million - $4M in profit every month, and that is without the pipeline open. There is huge potential upside and we are obviously undervalued at the current SP, any fool can see that even BigMutt.

[fardels bear] 12/10/2023 08:58

Which frightened both the heroes so,They quite forgot their quarrel.

[jackpotjack] 12/10/2023 08:57

Have you seen the effect of buyback on BP SP?

[arcadian] 12/10/2023 08:49

I do hope that Turkey is Lewis Caroll`s big black crow.

[beernut1] 12/10/2023 08:49

From Lse

Turkey gives official notice that pipeline can resume
Political obstacles within Iraq are still preventing crude exports from restarting after a formal letter from BOTAS to SOMO confirmed the pipeline is ready.

Iraqi Prime Minister Mohammed Shia al-Sudani addresses an energy conference in Moscow on Oct. 12, 2023. (Photo credit: Iraqi Oil Ministry)
LIZZIE PORTER OF IRAQ OIL REPORT
THURSDAY, OCTOBER 12TH, 2023

ISTANBUL - Turkey has officially informed Iraq that the northern export pipeline is ready to operate, shifting the onus onto Iraq to restore 475,000 barrels per day (bpd) of crude to global markets.
In a letter dated Oct. 2 to Iraq’s state oil marketing company, SOMO, which was seen by Iraq Oil Report, Turkey's state pipeline company BOTAS writes, "We would like to inform you that the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage and loading of crude oil coming from Iraq on 04.10.2023."

[fairenough11] 12/10/2023 08:41

Not a fan of buybacks,seen first hand the negative impact they can have on the share price Restart Divis until such time as M&A/Change of operators of Kurdistan Oil takes place,which,imo,will be soon after agreements on PSCs legitimizing(in Iraqi eyes) contracts.The gloves will then be off as Big Oil move in imo.

[diamondandpearls] 12/10/2023 08:23

Buy backs will suppress the share price !!
Dividends all the way to T/O thank you very much .
Come on let's grt these back payments and PSC sorted now .
It's the last hurdle now

[habshan] 12/10/2023 08:20

The ICG are now on the hook for $1 million a day while the pipeline remains empty.

APIKUR - "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."

Iraq Oil Report:-

Turkey gives official notice that pipeline can resume.

Political obstacles within Iraq are still preventing crude exports from restarting after a formal letter from BOTAS to SOMO confirmed the pipeline is ready.

October 12th, 2023

ISTANBUL - Turkey has officially informed Iraq that the northern export pipeline is ready to operate, shifting the onus onto Iraq to restore 475,000 barrels per day (bpd) of crude to global markets.

In a letter dated Oct. 2 to Iraq’s state oil marketing company SOMO, which was seen by Iraq Oil Report, Turkey's state pipeline company BOTAS writes, "We would like to inform you that the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage and loading of crude oil coming from Iraq on 04.10.2023."

[...]

[shortsqueezer] 12/10/2023 08:16

Yes we are lucky in that respect. But anyway let's get back into profit first eh? :-)

[ptmorris1] 12/10/2023 08:12

SS, I'm not as we get taxed on Divi's here and no ISAs either.
Yings and yangs eh?

[shortsqueezer] 12/10/2023 08:05

Anyway neither are going to happen until we have payment and debt repayment mechanisms in place.

[highlander7] 12/10/2023 08:02

We dont need buybacks ..... we need large dividends or sold.

[doctortakeover] 12/10/2023 08:02

Buyback here would be in breach of UK Takeover Code imo

[shortsqueezer] 12/10/2023 07:52

I'm more than happy with divis as all mine are in ISAs

[buyingacastle1] 12/10/2023 07:50

Genel have an RNS saying they accepted offers for their bonds.... they must be feeling confident. Wouldn't a £50m share buy back here be interesting.....

[highly geared] 12/10/2023 07:45

This is a once only opportunity for the IOCs to hammer out definitive legally binding agreements on the PSCs that are accepted by Bagdad and Erbil. It’s an imperative for the IOCs as it will enable their Kurdistan oil assets to be properly valued to the benefit of each company’s shareholders. So, I don’t see APIKUR sending oil down the pipeline in any sort of volumes until back payments and PSC issues are resolved.

[pittcock] 12/10/2023 07:23

Nearly there

[givmesunshine] 12/10/2023 07:16

Morning

much better sounds coming for Iraqi Goverment, The highlights of those comments below

The Iraqi government “is ready to resume the export of oil through Turkey’s Ceyhan pipeline,

He added that Turkey recently sent notice that the pipeline is ready for resumption, and that the Iraqi federal oil ministry is in discussions with oil companies operating in the region.


"good understanding” between the government and oil companies in this regard.

[beernut1] 12/10/2023 06:28

From yesterday

Al-Sudani from Moscow: we are ready to resume oil exports via Ceyhan
Economy
Mohammed Shia Al-Sudani
Al-Sudani from Moscow: we are ready to resume oil exports via Ceyhan
2023-10-11 15:10


Font
Shafaq News/ Prime Minister Mohammed Shia al-Sudani on Wednesday affirmed his government's readiness to resume oil exports from the Kurdistan Region and Kirkuk through the Turkish port of Ceyhan.
In a speech he delivered during the Russian Energy Week forum in the presence of President Vladimir Putin, al-Sudani explained that exports through this route were halted due to a decision by the International Arbitration Court in Paris and the seismic-related repercussions.
He noted that the pipeline is currently undergoing inspections and technical assessments by the Turkish side.
He added that Turkey recently sent notice that the pipeline is ready for resumption, and that the Iraqi federal oil ministry is in discussions with oil companies operating in the region.
They are also in communication with the Ministry of Natural Resources in the Kurdistan Region to reach a mutual agreement for the resumption of oil exports through this pipeline in accordance with OPEC Plus agreement.