Gulf Keystone Petroleum Share Discussion Threads

[luckyclicker] 18/4/2024 18:03

The Iraqi Oil Minister says that the only thing left to do is to agree on the cost of production and transportation of Kurdistan oil. Regarding natural gas, he said Kurdistan gas is 30% cheaper than imported from Iran. We are ready to produce and immediately export [the Kurdistan Region's] oil, which will benefit the Kurdistan Region, oil companies and the Iraqi state," Iraqi Oil Minister Hayan Abdul Ghani told US television channel Al-Hurra. As we have been told from the Kurdistan Region, the cost of oil production and transportation is $26 a barrel, while in our country it is not $7," Abdul Ghani said.https://www.rudaw.net/sorani/business/180420243

[steephill cove] 18/4/2024 17:58

MOUs Signed

GE (S&P 100)
Honeywell (S&P 100 & Nasdaq 100)
Emerson (S&P 100)
Baker Hughes (Nasdaq 100 & S&P 500)
KBR (S&P 400)

[highlander7] 18/4/2024 17:57

Such memoranda are most often seen in international treaty negotiations but also may be used in high-stakes business dealings.

[gkpbanggone] 18/4/2024 17:30

Mou very similar to sales implementation agreement that #gkp probably signed some time ago.

[steephill cove] 18/4/2024 17:30

Big names there #702754 👍

General Electric (GE) (Founders Thomas Edison & J P Morgan) are a huge hitter 💪

[highlander7] 18/4/2024 17:08

What Is a Memorandum of Understanding (MOU)?

A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not necessarily legally binding, which depends on the signatories' intent and the language in the agreement, but signals the willingness of the parties to move forward with a contract.

The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks. Such memoranda are most often seen in international treaty negotiations but also may be used in high-stakes business dealings such as merger talks.

[petebreeze37] 18/4/2024 16:40

Lets hope so, do the middle east have impasses', It looks there is one arriving if nothing happens.

[highlander7] 18/4/2024 16:03

Looks like they plan on being busy and with US Companies.

[highlander7] 18/4/2024 15:58

Iraqi Business News


18th April 2024 in Iraq Industry & Trade News
By John Lee.

During his visit to Washington DC this week, Iraqi Prime Minister Mohammed Shia Al-Sudani, presided over the signing of number of Memoranda of Understanding (MoU's) with American companies:

Government Memoranda of Understanding:

Memorandum of Understanding between the Ministry of Electricity and General Electric (GE) for the development of the energy sector.
Memorandum of Understanding between the Ministry of Oil and Honeywell for a partnership in developing strategic plans for oil and associated gas fields.
Memorandum of Understanding between the Ministry of Oil and General Electric for the development of oil and associated gas fields.
Private Sector Memoranda of Understanding with U.S. Companies:
Memorandum of Understanding with American company KBR for oil field development.
Memorandum of Understanding with KBR for primary gas processing and conversion to natural gas liquids and associated gas.
Agreement with TransAtlantic Petroleum for oil field development and management.
Memorandum of Understanding with Honeywell for the development of associated gas fields and cessation of gas flaring.
Memorandum of Understanding with Baker Hughes for the use of smart solutions to stop gas flaring, oil field development, and maintenance.
Memorandum of Understanding with Emerson for technology and automation in oil fields.
Memorandum of Understanding with GE for supporting the oil industry.
Memorandum of Understanding with ARC Energy for associated gas manufacturing.
Memorandum of Understanding with GE for providing equipment for associated gas processing in power generation.
Agreement with Honeywell for oil field development, maintenance, and cessation of gas flaring.

(Source: Media Office of the Prime Minister)

[gkpbanggone] 18/4/2024 15:38

Takeover valuations https://x.com/chicagojack5/status/1780929628112036209?s=61&t=EEAJRmerpfLiAmForyb8Dw

[bigdog5] 18/4/2024 15:08

No delusional moron, I've never ever made a recommendation to buy or sell.

I still believe that if and when any pipe takes oil through it the SP's of Epicure members will increase materially.

However, my caveats being,

how much if any of the sludge will be going through any pipe,
how penal the new terms will be, sludge and quality oil different values,
will most/all of the sludge be only for the local market.

Those three points would have a huge impact on the share price after the initial euphoria from you clowns when its realised by the Market that revenue is likely to be materially lower and thus affects any chances of progress and divis.

And the cross dresser won't even be able to afford her frocks from Primark!!

[0ili0] 18/4/2024 13:49

"Has the sludge got Uranium and Diamonds in it?"

🤔... nothing surprises at the mighty Shaikan. 🤞

[pittcock] 18/4/2024 13:18

It is over for you doggy. You lost.

[furenstaurus] 18/4/2024 13:08

Takeover valuations https://x.com/chicagojack5/status/1780929628112036209?s=61&t=EEAJRmerpfLiAmForyb8Dw

[shareho1der] 18/4/2024 12:48

Smalldogsarah has said it all. It's time to sell up and go home, lol

[hydrocarbon1] 18/4/2024 12:48

Things going no where. Same as a year ago. Transfer oil to ICG, we will pay oilers lower profit.

[theythinkitsallover] 18/4/2024 12:41

Kurdistan Watch

@KurdistanWatch
Follow
Iraqi Oil Minister Hayan Abdul Ghani said:
• Kurdistan's oil exports will resume soon. We have formally requested the KRG to transfer the oil to the State Oil Marketing Organization (SOMO) for export through the Iraq-Turkey pipeline to the Ceyhan port.
• We have no direct contractual relationship with oil companies operating in the Kurdistan Region. Therefore, we have asked the KRG to transfer the contracts of these companies to the Iraqi government.

[bigdog5] 18/4/2024 12:39

Good afternoon delusional fantasists how's the fantasy factory doing today:-)

They're all world class at stating the obvious about the need for this that and the other but the phrase that comes to mind is "when all is said and done, more is said than done". But isn't it great that they all agree that its important to open the pipe, lol. And that talks are about to start, lol.

Meanwhile the share price doesn't know what it wants to do notwithstanding the cross dresser and steepy getting excited on their express to nowhere that's still in the sidings after 15 years!!!

Carroll reckons £3.40 a share, lol. Has the sludge got Uranium and Diamonds in it?

[sniff_the_tip] 18/4/2024 11:46

The spokesman for the Petroleum Industry Association of Kurdistan, “Apicor”, Myles Caggins, confirmed that Al-Sudani and Biden discussed resuming the export of Kurdistan’s oil, and discussed the file with great importance, and said: “Soon the dialogue will begin about starting again, with the export of Kurdistan’s oil.”

Caggins told Kurdistan 24, today, Thursday, April 18, 2024, “It was a good week, in Washington, where the Iraqi Prime Minister, Muhammad Shia al-Sudani, and US President Joe Biden met, and everyone knows the importance of the issue of resuming the export of Kurdistan Region’s oil, through Turkish pipelines.”

He added, "Even months ago, we were not sure that the issue of resuming the export of Kurdistan's oil would be on the agenda of the meeting between Sudanese and Biden, but the White House stressed the necessity of resolving this issue as soon as possible."

He continued: "The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, demanded the re-export of the Kurdistan Region's oil, and Turkish President Recep Tayyip Erdogan also demanded that, as the suspension of its pumping led to losses estimated at $14 billion, and affected all Arab regions."

He added, "For our part, we have provided everything necessary to conclude a new agreement, and we want to keep our agreements in place, even if they come under the control of the federal government."

He continued: "If oil exports resume, we must know who will pay our dues. We expect new measures, and we hope to conclude new agreements."

[0ili0] 18/4/2024 11:22

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[0ili0] 18/4/2024 11:11

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[worldquant] 18/4/2024 11:10

Minimum $ 6bn sale consideration I think - around £ 20 per share.
Could easily be double that and more, given the gas reserves are now so much more valuable post Putin.

[theythinkitsallover] 18/4/2024 11:02

“ The dialogue about resuming oil exports will begin soon.”

Lol talks haven’t even began after 1 year….

hxxps://www.kurdistan24.net/ar/story/48269-