Gulf Keystone Petroleum Share Discussion Threads

[mmt1] 25/10/2023 14:58

Confused _Gerbill: I have bought a lot of tickets here, maybe to many hence the slight wobble.. and I am not afraid to say I am underwater like many here - but I have been here before with other shares... I don't bail if I believe they will come good though

[confused _gerbill] 25/10/2023 14:52

Reminds me of a line in the Plebs comedy series, "The chances of me winning the lottery are 50 / 50, I either will win, or I won't" 🐭

[habshan] 25/10/2023 14:52

klassic - "Baghdad could just sit it out. Or ultimately tear up the IOC contracts. You think they’re worried about being sued in London?"

Hehehe, if that's the case then why are they having to negotiate.

So you think that Baghdad could tear up the internationally recognised and legally binding contracts and don't care about being sued in the International Court of Arbitration.

Best of luck with this then.

"The Iraqi government acknowledges the paramount importance of the energy sector, considering it a cornerstone for economic development. We have prioritized it and are diligently working towards its diversification," remarked Prime Minister Al-Sudani. Al-Sudani highlighted the need for strategic international investment and acknowledged the time required to harness the country's oil and gas wealth effectively. The hydrocarbon sector is the main component of Iraq's GDP, contributing more than 50%, adding that it greatly impacts the general economic activity."

APIKUR - "The failure of the Iraqi budget and any new oil and gas law to account for historical international investments and contractual obligations will result in costly arbitration and further harm Iraq’s investment climate."

The international investment community is watching.

[mmt1] 25/10/2023 14:48

50/50 where it goes (up or down), I wasn't saying what % it may achieve if it goes our way... and 100 bucks is optimistic in anyones viewpoint :P

[johnbuysghost] 25/10/2023 14:46

GKP is nothing like a 50/50 bet ffs.

[mmt1] 25/10/2023 14:45

I am long, but I can see all the danger signs, and thats not to deramp. It IS a 50/50 bet atm. But so is a coin toss.. Like always I am going to get a bottle, make some food and hope for the best!

[johnbuysghost] 25/10/2023 14:41

lol, no problem hydro. :D

[hydrocarbon1] 25/10/2023 14:29

Oh, sorry got it wrong JB

[milliecusto] 25/10/2023 14:27

Any news, streams of buys coming in now

[milliecusto] 25/10/2023 14:20

This won't last years never mind months, pipeline is operational and an agreement will be dragged over the line, Gkp has been in play over a decade, even if is a few months, that's nothing in the overall Gkp journey, a few negative posts, seen it all before

[johnbuysghost] 25/10/2023 14:16

It's pipeline open before Halloween and £100 per share before Christmas.

[hydrocarbon1] 25/10/2023 14:11

The deramper is correct though. How long have they been stalling now. A few more years won't matter to them. They are still lining their pockets.
Kurd hatred surpasses all.
GKP is worth a large sum but I feel we will not see anything happen for a year or two.
Oh is my sharing my feelings deramping too.
Sorry, meant £100 before Halloween.

[doctortakeover] 25/10/2023 14:08

Iraq is being forced by IOC to offer better terms.In the next licensing round January revenue sharing contracts will be offered.The sticking point is that Baghdad doesn't want Kurdistan to have an oil industry.Fortunately the US does.ICG will capitulate to APIKUR shortly - they have too.

[dudishes] 25/10/2023 14:06

ticked you up Johb, my shorts are getting thin,

[johnbuysghost] 25/10/2023 13:50

Deramper alert!!!!!

[klassic] 25/10/2023 13:41

Col. Caggins and APIKUR must tread carefully. He’s not fighting ISIS now. If he refuses to compromise with Baghdad they could just sit it out. Or ultimately tear up the IOC contracts. You think they’re worried about being sued in London? Perhaps, but the Chinese and Ruskys would happily fill the vacuum in Kurdistan. Don’t forget, under the terms of the IOC contracts the field equipment is owned by KRG.
Fingers x’d. But at present I’m a gullible sucker.

[highlander7] 25/10/2023 13:27

AKIPUR was long overdue. There is no way the ICG can duck and dive around it OR control it.

[fairenough11] 25/10/2023 13:08

Great move forming APIKUR.Baghdad has zero chance of winning any court case as IRAQ/Kurdistan owe IOCs $Billions for non payment of oil they have received/sold and the PSCs are watertight in UK LAW.

[highlander7] 25/10/2023 12:57

The Kurdish Shaikan PSC's cannot be changed on a whim. All that could be changed are any future Contracts as yet unsigned. However the HCL when signed will give autonomy to the Kurds as to what they chose to implement.

The issue appears to be with APIKUR.

[gkp_over_100quid_at_takeover] 25/10/2023 12:50

Iraq is being forced by IOC to offer better terms.
In the next licensing round January revenue sharing contracts will be offered.
The sticking point is that Baghdad doesn't want Kurdistan to have an oil industry.
Fortunately the US does.
ICG will capitulate to APIKUR shortly - they have too.

[kibes] 25/10/2023 12:40

'The Turkish side announced its readiness to resume the export of oil, just as we did but the oil production companies in the Region have to negotiate with the federal government regarding the contracts and production costs stated in the budget law which are not proportional to the real costs according to the contracts signed between these companies and the Regional Government,” said Sudani during a press briefing.' - The Federal government doesn't like the Kurdish PSCs. It wants Technical Service Contracts (much less profitable) instead. Is this the sticking point?

[gkp_over_100quid_at_takeover] 25/10/2023 12:10

Currently
No debt making about $ 7-10m profit and cash a month - prob about $90m in bank.
.
On full payment then $ 240m in bank and making legitimately $ 30m+ profit and cash every month.
That's some rerate ...........
.
5 quid in no time at all

[highly geared] 25/10/2023 12:05

There's little point in the IOCs reverting to the export pipeline unless the agreed terms with KRG/ICG are materially better than those currently in place for the local sales , which appear to include guaranteed upfront payments, albeit at around $30 BOO.

[handykart] 25/10/2023 11:58

"refuse to export oil" The blame game starts.

[johnbuysghost] 25/10/2023 11:43

I think the share price will go to £10 per share on that RNS, for starters.