Gulf Keystone Petroleum Share Discussion Threads

[beernut1] 11/5/2024 11:29

PM Al-Sudani highlights Iraq's "Great Project," expresses commitment to energy sustainability
Iraq
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Mohammed Shia Al-Sudani
Development Road
PM Al-Sudani highlights Iraq's "Great Project," expresses commitment to energy sustainability
2024-05-11 10:31


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Shafaq News/ Iraqi Prime Minister Mohammed Shia Al-Sudani described the Development Road (DR) Project as the "Great Iraq Project," highlighting Iraq's key role in the global energy market.
During the launch ceremony of the fifth supplementary licensing round and the sixth round, which encompass 29 projects for oil and gas exploration fields across 12 Iraqi governorates, Al-Sudani emphasized the strategic importance of the Development Project.
Al-Sudani stated, "We have included in the initial designs of the Development Road Project the establishment of an oil and gas pipeline, as we aspire to a new status for Iraq in the global energy market."
The $17 billion DR Project aims to link the southern port of Faw to Turkiye, potentially rivaling the Suez Canal in terms of transit efficiency between Asia and Europe. This vision includes high-speed train networks, modernizing transportation routes, and integrating energy infrastructure such as oil and gas pipelines.
On Iraq's position in the global oil market, Al-Sudani emphasized Iraq's role as a "challenging player in the energy and oil wealth equation in the region and the world," highlighting the Ministry of Oil's commitment to halt associated gas flaring within five years.
"This commitment is part of Iraq's broader strategy to optimize investment in its oil and gas resources."
"Since the first day of the formation of the Iraqi government, we have set a goal of investing in this wealth, starting with halting associated gas flaring."
The prime minister outlined a comprehensive approach that includes converting oil production into value-added industries like petrochemicals and refineries, aiming to achieve a 40% conversion rate within the next decade. This shift underscores Iraq's commitment to economic diversification and sustainable development.
Al-Sudani also stressed the importance of the sixth licensing round's investment in associated gas, noting its potential to "unlock dormant wealth and contribute to Iraq's long-term energy strategy."

[beernut1] 11/5/2024 11:23

Thanks Guys
So in Gkp for example the shares are worth so much but then we have the drill licences plus rigs and oil value on top. ( is this the NAV ).

Cheers

[fardels bear] 11/5/2024 11:01

As opposed to NAV, which is different.

[habshan] 11/5/2024 10:55

Morning beernut.

It's just the number of shares in issue x the share price.

So in GKP's case it's currently 222,698,655 x 1.198 = £266,790,000.

"Market cap is the total dollar value of a company's outstanding shares of stock. For example, if a company has 1 million shares of outstanding stock and the stock currently trades at $50 per share, then its current market cap is $50 million."

[beernut1] 11/5/2024 10:36

Can anyone help with a question.
Not GKP related.
Is the market capital ( market cap) a companies total worth. Or just the shares worth or how does it work.
Cheers

[redbed] 11/5/2024 10:28

Putup theoryman broadfraud etc on lse..LolGKP is SOLD for a massive premium

[0ili0] 11/5/2024 09:51

It's odd because MikeyAdmin even accessed his 3lies account after he'd died. 🤔

[highlander7] 11/5/2024 09:44

Many thanks you know who.

At least one of us on here got the message.

[redbed] 11/5/2024 09:13

It has been a battle to control the oil and gas resources.You have to own GKP to do that.Pipe closure has allowed the inside parties to further build cheap positions.GKP will never sell up unless the price is right.All corporate signals most recently the book NOT being worked for the past 2 weeks after it has been religiously for 2 years, point to watershed finally landed.Sale RNS next 2 weeks

[highlander7] 11/5/2024 08:50

WQ

My view has always been that this is little or anything to do with the pipeline closure. Why do it now after 9 years of doing nothing. It is highly suspicious. Someone is playing games.

IMO

[worldquant] 11/5/2024 07:34

Well the company is worth a fortune at takeover.Every share is worth at least tenfold , probably a great deal more.This is why here and at LSE there has been a swarm of avatars constantly trying to obfuscate and FUD and discourage retail from holding or buying the stock.within the next two weeks we find out, just how much GKP is worth .Boooooom.

[0ili0] 10/5/2024 20:45

You weren't wrong though. They're all on the 19 Crimes tonight. I see Red Subs requested to be struck off 👀📉

[fardels bear] 10/5/2024 18:54

They take no action, speaking from experience