Gulf Keystone Petroleum Share Discussion Threads

[hugetakeaway] 28/2/2024 08:23

https://x.com/oilgastracker/status/1762751044574916914?s=61&t=EEAJRmerpfLiAmForyb8Dw

[hugetakeaway] 28/2/2024 08:22

#GKP Gulf Keystone reports some very positive news on local KRG oil sales. Local sales have increased to 38.4k bopd gross from low 20k bopd. GKP monthly income is expected to increase to $10m, which is well above monthly cash cost of $6m.

[hugetakeaway] 28/2/2024 08:09

https://x.com/111notout1/status/1762746119740592472?s=61&t=EEAJRmerpfLiAmForyb8Dw

[hugetakeaway] 28/2/2024 08:08

And that annual profit will rise .$48 MILLION profit, no debt, pipeline to open soon, no wonder the share price has been obliterated over the last few weeks ?

[hugetakeaway] 28/2/2024 08:08

When you get your monthly salary , do you pay the gas bill???Lol

[officerdigby] 28/2/2024 08:06

How does beinh paid for what they sell reduce existing/outstanding creditor balances?

[hugetakeaway] 28/2/2024 08:01

And that annual profit will rise .$48 MILLION profit, no debt, pipeline to open soon, no wonder the share price has been obliterated over the last few weeks ?

[hugetakeaway] 28/2/2024 08:00

Reducing creditor balances once over break even = profit

[officerdigby] 28/2/2024 07:50

Why do they say payment of such amount allows the reduction of account payable balances?Are they being paid as a profit, or are they having they're payable balance being paid off? (Which would be double accounting for one payment?).

[justiceforthemany] 28/2/2024 07:44

Apikur blasting Baghdad, urging resumption ASAP.

[midasx] 28/2/2024 07:33

$48 MILLION profit, no debt, pipeline to open soon, no wonder the share price has been obliterated over the last few weeks 😀

[midasx] 28/2/2024 07:29

Gulf Keystone Petroleum Ltd (GKP)
Update on Shaikan Field local sales & Notice of 2023 Full Year Results

28-Feb-2024 / 07:00 GMT/BST






28 February 2024





Gulf Keystone Petroleum Ltd. (LSE: GKP)

(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)



Update on Shaikan Field local sales & Notice of 2023 Full Year Results



Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is today providing an update on Shaikan Field local sales ahead of its 2023 Full Year Results on 21 March 2024.



Local sales update



Local sales volumes have rebounded in recent weeks with gross average sales this month to 26 February of c.38,400 bopd, reflecting higher market demand for certain refined products, the easing of seasonal logistic challenges and a realised price of c.$25/bbl. The increase has brought gross average sales in 2024 year to date to c.29,600 bopd.



At current volumes and realised prices, sales for February 2024 are expected to be c.$10m net to GKP, above expected monthly net capex and costs of c.$6 million (breakeven at gross sales of c.22,200 bopd), enabling the continued reduction of accounts payable balances. The Company continues to receive advance payments for its net entitlement of 36% of gross sales revenue.



Looking ahead, while we expect demand in 2024 to remain variable, we see strong local market demand as we enter March and are looking to increase sales above current levels.



Notice of 2023 Full Year Results



The Company confirms it will be announcing its results for the full year ended 31 December 2023 on Thursday 21 March 2024.



GKP’s management team will be hosting a presentation for analysts and investors at 10:00am (GMT) via live audio webcast

[hugetakeaway] 28/2/2024 07:27

Sales rebound to 38k currently, set to grow higher with higher forward demand seen.Monthly profit this month 4m , set to rise month on month ..https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns_widget/story/xljeejr

[shortsqueezer] 28/2/2024 07:27

Looking good. Thanks for the links. ADVFN not picked up on it yet.

[orkneyarab] 28/2/2024 07:24

The majority of oil companies would be delighted with $4 million sales per month, never mind $4 million profit per month.

[mad paul sh1t the bed] 28/2/2024 07:24

ATTENTION!! Mr Bigdog is asked to come to the make-up room. STAND BY! Repetitive hissy fit required.

[nadhim_zahawi] 28/2/2024 07:23

Sales rebound to 38k currently, set to grow higher with higher forward demand seen.Monthly profit this month 4m , set to rise month on month ..https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns_widget/story/xljeejr

[totalgeek69] 28/2/2024 07:23

hxxps://www.investegate.co.uk/announcement/eqs/gulf-keystone-petroleum-ltd-com-shs-di---gkp/update-on-shaikan-field-local-sales-notice-/8059840

[kenjen1] 28/2/2024 07:22

$4 million dollars a month profit whilst pipeline shut. Money making machine!

[jackpotjack] 28/2/2024 07:17

Nothing bad there, sales price up and demand up.$4m a month above outflow in the month..... niceOnly bad point will be no pipeline exports BUT we all know that.... Still all the paid bashers and shorters will whittle on!

[martym] 28/2/2024 07:15

What we waiting on

[petebreeze37] 28/2/2024 07:12

hxxps://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/xljeejr

[martyre] 28/2/2024 07:09

RNS not yet showing on ADVFN

[petebreeze37] 28/2/2024 06:54

Maybe the recent visits with senetors will act as an ultimatum for both Baghdad y Krg. If nothing happens as a result then maybe that is the key for krgs independence.
If only it was that simple!

[luckyclicker] 28/2/2024 04:59

https://twitter.com/apikur_oil/status/1762607037488251123?t=Nd1n0dQthLpopp41sr4sbw&s=19