Gulf Keystone Petroleum Share Discussion Threads

[hugetakeaway] 28/2/2024 11:43

That's recovery of all historic costs , as you know.......

[shareho1der] 28/2/2024 11:41

Update on Shaikan Field local sales & Notice of 2023 Full Year ResultsToday 07:00Gulf 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: https://brrmedia.news/GKP_FY23 In addition, management will also be hosting a webcast presentation focused on retail investors via the Investor Meet Company ("IMC") platform at 12:00pm (GMT). The presentation is open to all existing and potential shareholders. Questions can be submitted prior to the event via the IMC platform up until 9:00am (GMT) the day before the meeting, or at any time during the live presentation. Investors can sign up to IMC for free using the following link: https://www.investormeetcompany.com/gulf-keystone-petroleum-ltd/register-investor Enquiries: Gulf Keystone:[phone]Aaron Clark, Head of Investor Relations& Corporate Communications [e-mail] Consulting+44 (0) 20 3727 1000Ben BrewertonNick [e-mail] or visit: www.gulfkeystone.com Notes to Editors:Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com Disclaimer This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

[hugetakeaway] 28/2/2024 11:34

I think ADVFN and LSE complicitly try to keep retail out of gkp

[fairenough11] 28/2/2024 11:31

ss,ah right.I noticed it wasn't there at 07:00am and it's not in the NEWS caption at the top of this page.
cheers

[shortsqueezer] 28/2/2024 11:24

It showed up on my monitor an hour or so ago. Way after the published time though.

[fairenough11] 28/2/2024 11:22

I take it ADVFN have stopped reporting RNSs from GKP?

[pittcock] 28/2/2024 11:10

Good update. Happy to continue to sit in here and wait.

[nadhim_zahawi] 28/2/2024 11:02

Fill yer BOOTS

[worldquant] 28/2/2024 11:00

#gkp #gkptakeoverI'll do some maths for you.Currently 38k bopd @Gulf_Keystone realising $9/bll make $48 m annualised profits.At 55k + capacity profits will be $110mOn local sales alone ?No wonder they are most attractive E+P takeover target on ?

[worldquant] 28/2/2024 11:00

You either buy/hold or you don't.100% in or out with no room for fear.

[arcadian] 28/2/2024 10:58

Given all these attempts at rapprochement with the US,the Kurds could ask to become part of Turkey.They are both Sunni and could supply it with oil through the pipeline and get water in exchange. They more in common with the Turks than the rest of IRAQ and would become part of NATO eventually applying to join The European Union.With the world adopting right wing leaders, consolidation is the key, on the principle that he that is not for us is against us as exemplified by this BB when someone does not show 100% allegience.

[worldquant] 28/2/2024 10:54

#gkp #gkptakeoverI'll do some maths for you.Currently 38k bopd @Gulf_Keystone realising $9/bll make $48 m annualised profits.At 55k + capacity profits will be $110mOn local sales alone ?No wonder they are most attractive E+P takeover target on ?

[worldquant] 28/2/2024 10:53

Fill yer BOOTS

[worldquant] 28/2/2024 10:49

Mm desperate to wrestle any stock out

[shortsqueezer] 28/2/2024 10:32

A veiled threat perhaps?

[punter26] 28/2/2024 09:09

Thanks beernut.

"Above is on Kurdistan 24 news.
Directly after the article is a video clip of Myles Caggins talking about Barzanis visit."

[hangthedj] 28/2/2024 08:45

Great news 38400bpd @ $25 per barrel.
That generates a total of $28m for Feb
GKP receiving $10m and assume MOL approx $3m

Leaving $15m to KRG, hope that's being documented and used for the greater good of the people.

[hugetakeaway] 28/2/2024 08:40

#gkp #gkptakeoverI'll do some maths for you.Currently 38k bopd @Gulf_Keystone realising $9/bll make $48 m annualised profits.At 55k + capacity profits will be $110mOn local sales alone ?No wonder they are most attractive E+P takeover target on ?

[beernut1] 28/2/2024 08:37

Above is on Kurdistan 24 news.

Directly after the article is a video clip of Myles Caggins talking about Barzanis visit.

[hugetakeaway] 28/2/2024 08:36

https://x.com/111notout1/status/1762758463493435784?s=61&t=EEAJRmerpfLiAmForyb8Dw

[beernut1] 28/2/2024 08:32

America, Kurdistan Region are deepening cooperation, says APIKUR spox
“Americans need to be educated that the Kurdistan region and Kurdish culture and language are different from the central and southern parts of Iraq,” he stressed. author_image Kurdistan 24
1 Hour


Kurdistan Masrour Barzani Myles B Caggins III APIKUR US-Kurdistan Region relations
ERBIL (Kurdistan24) – Myles B. Caggins III, the spokesperson for the Association of Petroleum Industry of Kurdistan (APIKUR), on Tuesday told Kurdistan24 that “America and the Kurdistan Region are deepening cooperation on security but also cultural ties.”

‘This is an important visit for Prime Minister [Masrour] Barzani at this time so he can raise the issues on behalf of the Kurdistan region government (KRG) directly to leaders in Washington DC,” the spokesperson said.

Caggins III also revealed that he met with Kurdistan Region Prime Minister Masrour Barzani.

The Prime Minister emphasized that he wants the Kurdistan region to be protected and he is informing Washington DC leaders that he wants to have air and missile defense systems to protect against attacks from Iran and other neighboring countries. He wants a budget to be resolved and said that we should not have the salaries of civil servants used as a bargaining chip or as a political weapon for the budget. The Prime Minister [also] wants the full resumption of oil production and exports to raise more money for the Kurdistan region and Iraq,” he stated.

Furthermore, the APIKUR spokesperson stressed that the visit of Premier Barzani to the US increases the awareness of Americans about the Kurdistan region.

“Americans need to be educated that the Kurdistan region and Kurdish culture and language are different from the central and southern parts of Iraq,” he stressed.

Prime Minister Barzani on Feb. 25, arrived in Washington D.C. and met with senior US officials including US Secretary of State Antony Blinken.

[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