Gulf Keystone Petroleum Share Discussion Threads

[pittcock] 19/3/2024 16:12

U should sell up sniff, take the losses, u don't have the gumption for this stock.

[hugetakeaway] 19/3/2024 15:59

Looking at cash generation....With sales rising strongly YTD last Feb average sales 38kbopd ( meaning they must have been over 40k + by end Feb) then seeing strong demand they could be around 50 k by now.At recent conference oiler CEO saw local pricing was rising.They could very easily be making 10m + a month FCF profit.I think a dividend or buyback announcement likely this Thursday.

[sniff_the_tip] 19/3/2024 15:50

"There are many issues hindering the passage of the oil and gas law despite the numerous meetings held in the previous period,"

lol

[no_luck] 19/3/2024 15:44

https://rasediraqi.com/amp/342610/????-??????-???????-?????-?????-?????-???-?????-??????The parliamentary Oil and Gas Committee revealed today, Tuesday, the Kurdistan Region's continuation of oil exports through the Turkish port of Ceyhan, despite winning a decision to suspend exports from the International Court of Paris. It also confirmed that there has been no agreement yet on enacting the oil and gas law.Committee member Intisar Al-Jazairi said to "Al-Ma'louma" agency, "There are many issues hindering the passage of the oil and gas law despite the numerous meetings held in the previous period," noting that "the oil and gas law has not reached the parliament yet."She continued, "The joint committees of the Ministry of Oil and the parliamentary committee will not leave the oil file without finding final solutions and enacting the oil and gas law in parliament."She concluded her statement by saying, "There are many pending files with the Kurdistan Regional Government, not just the oil export file," noting that "the Kurdistan Region continues to export oil through the Turkish port of Ceyhan, despite winning a decision to suspend exports from the International Court of Paris."The Kurdistan Regional Government has seized oil export revenues in agreement with global extraction and export companies, as well as implicit agreements with Ankara to smuggle and sell oil to unknown parties at prices lower than global oil prices.

[nestoframpers] 19/3/2024 15:19

KDP pull out of elections .

[petebreeze37] 19/3/2024 14:21

It's surprisingly quiet after all the positive pow wows last week, normally lots of posts and copy on here after such activity.

[hugetakeaway] 19/3/2024 14:16

Clearly being "mined" for stock..... Expect large worked buy to pop out shortly/after close

[punter26] 19/3/2024 13:44

Mohammed A. Salih@MohammedASalih (Senior Fellow @FPRI) 19 Mar 2024

"(Also) in first major reaction to KDP's recent moves against Federal Court rulings, Iraq's President Rashid tells Court head Omairi that though financial, trade & monetary policies are federal powers, their implementation mechanisms are part of the powers of autonomous regions."
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(Quote)
The New Region@thenewregion (4h)

BREAKING: The Federal Supreme Court’s ruling regarding Kurdistan Region’s civil servants salaries aims at protecting the common interests and establishing social justice, head of the court told Iraq’s President on Tuesday.
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"Rashid seems to support KRG on the manner of salary distribution & its overall powers over internal matters. First time he takes a public position with such clarity on the KRG-Baghdad disputes. Certainly viewed positively in Erbil but serious challenges remain....

...The statement from Rashid’s office is, however, silent on the matter of the Iraqi Federal Supreme Court’s ruling on Kurdistan internal elections and KDP’s boycott of the parliamentary polls there."
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(Quote)
Kurdistan 24@K24English (4h)

Iraqi President Latif Rasheed met with Federal Supreme Court President Jassim Mohammed Aboud in Baghdad, affirming Iraq's federal nature and the recognition of the Kurdistan Region as per the constitution.

President Rasheed clarified that finance, customs, trade, and border powers are under the central government's jurisdiction, but their implementation falls within the Kurdistan Region's authority.

[furenstaurus] 19/3/2024 13:35

Looking at cash generation....With sales rising strongly YTD last Feb average sales 38kbopd ( meaning they must have been over 40k + by end Feb) then seeing strong demand they could be around 50 k by now.At recent conference oiler CEO saw local pricing was rising.They could very easily be making 10m + a month FCF profit.I think a dividend or buyback announcement likely this Thursday.

[0ili0] 19/3/2024 13:28

^^^DARVO63

[bigdog5] 19/3/2024 13:22

Is Carroll on the "buybacks" again, lol.

That would be a waste of crucial funds as has been explained many times before as the increase in share price will get sold into.

I note that sarah the Queen lemming has had more melt downs!! Remember gullible suckers she was adamant that Baghdad wouldn't take control but all you have to do is look at the changes that have already occurred. All her bluster about Baghdad haven't cancelled the PSC's, they don't need to.

Also to keep in mind there is a huge difference in value between the top quality high API oil and the sludge. So its very likely the sludge available for the pipe will be reduced. That is likely to result in some sludge being available for the local market as it is now. That will undoubtedly mean less revenue even before the new terms land. Reduced revenue will affect "your" massive and frequent divis. And then there are the new terms. Baghdad could decide they don't want any sludge in the mix!!

As regards waiting for the expiry of the pipeline agreement and then Erbil/Epicure "going their own way" and building new pumping stations etc sarah the Queen lemming is on drugs again. As BB points out you really need to consider the mess that would come from such a move. As BB says Kurdistan is an area, not a country and is part of Iraq. Their autonomy is slowly being eroded and Baghdad will continue to squeeze Erbil in order to get what they want, imho.

Happy to help whilst the share price falls yet again due to false info and the bb BS:-)

[habshan] 19/3/2024 12:42

Broadford - "The KRG / MNR will have almost no say in the matter."

Are you sure about that:-

Broadford this morning on LSE - "the only available export pumping- and metering station (built decades ago by Iraq, not the KRG) will still be at Faysh Khabur (actually nearer to village of Dayrabun) and THAT is an issue - as the KRG currently control it."

[hugetakeaway] 19/3/2024 12:22

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.

[hugetakeaway] 19/3/2024 12:22

Looking at cash generation....With sales rising strongly YTD last Feb average sales 38kbopd ( meaning they must have been over 40k + by end Feb) then seeing strong demand they could be around 50 k by now.At recent conference oiler CEO saw local pricing was rising.They could very easily be making 10m + a month FCF profit.I think a dividend or buyback announcement likely this Thursday.

[broadford bay] 19/3/2024 12:21

SOMO, as the official state sales and marketing organization, will determine the composition of the Export Grade - which grades will go into the blend and in what proportions.
The KRG / MNR will have almost no say in the matter.

Nothing personal, it's only business...

[furenstaurus] 19/3/2024 12:18

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.

[hugetakeaway] 19/3/2024 10:44

Looking at cash generation....With sales rising strongly YTD last Feb average sales 38kbopd ( meaning they must have been over 40k + by end Feb) then seeing strong demand they could be around 50 k by now.At recent conference oiler CEO saw local pricing was rising.They could very easily be making 10m + a month FCF profit.I think a dividend or buyback announcement likely this Thursday.

[hugetakeaway] 19/3/2024 10:44

Acting for acquirers

[petebreeze37] 19/3/2024 10:41

I will be glad when Walleye disappear, they are probably being advised by someone high-up on the ground.

[bumkin] 19/3/2024 09:58

Cheers guys and thank you for your kind words, I shall continue to be in the background and listening to your wise words and perhaps dropping in occasionally if I feel I have something to contribute. Onward and upward 👍🤞

[spark plug] 19/3/2024 09:53

Swift recovery Bumkin - 14 years later I am still here but like us all hoping for a resolution while I am still capable of enjoying our rewards - 71 last week so we all need the just deserves of our nightmare investment!
Thanks all newshounds and keep the faith LTH - the day in day out manipulation only confirms how big the prize is at the end of the rainbow

[milliecusto] 19/3/2024 09:50

Looks like retrace to 100p on the wait of news

[furenstaurus] 19/3/2024 09:40

Looking at cash generation....With sales rising strongly YTD last Feb average sales 38kbopd ( meaning they must have been over 40k + by end Feb) then seeing strong demand they could be around 50 k by now.At recent conference oiler CEO saw local pricing was rising.They could very easily be making 10m + a month FCF profit.I think a dividend or buyback announcement likely this Thursday.