Gulf Keystone Petroleum Share Discussion Threads

[habshan] 13/5/2024 16:45

There's been a lot of negative wittering on this board and LSE by both Broadford and the dog speculating that SOMO want to reduce or eliminate Shaikan crude from the Kurdish blend and northern exports because it lowers the API and makes it too heavy.

Some 24% of Federal Iraq's exports are of Basrah Heavy which has an API of less than 24.

"Basra Heavy API drops .39 degrees to 23.82 in April, the lowest figure since Basra Heavy's inception. Basra Heavy loadings as a percentage of total loadings at 23.7% of total loadings"

Saudi Arabia's Arab Heavy has an API of 27.8 and they export around 1.4 million bpd.

Whereas the Kurdish Blend which includes Shaikan crude is lighter than both of them with an API of 29.

"Shaikan has been blended in since October 2017 and that has decreased the overall API to around 29 degrees, from around 31 degrees it previously was."

So if Basra Heavy and Arab Heavy are good the Kurdish blend is even better.

"Basrah Heavy, which is a heavy sour crude, has a new API of 24 and 4.05% sulfur. Basrah Light and Basrah Heavy were initially marketed by SOMO with API of 34 degrees and 26 degrees, respectively, but these grades have been much heavier in recent years as new oil fields came on stream, changing their quality."

So all is well.

[fardels bear] 13/5/2024 16:02

Wouldn't fancy the Iraqi army against the Peshmerga

[habshan] 13/5/2024 15:57

You couldn't make it up.

Broadford 2 hours ago on LSE - "As for trying to cause negativity, a bit more objectivity here would be welcome..."

Broadford - "If the situation continues as is (deadlock) then at some point the Iraqi army will attack and sequester the Export Pumping Station at Faysh Khabur."

Of course Broadford is never negative, he's just being objective.

The guy's a loon.

[redbed] 13/5/2024 15:43

Should be an RNS shortly if they bought any today

[johnbuysghost] 13/5/2024 15:24

Agree highlander, he's a poor troll.

[shortsqueezer] 13/5/2024 15:18

Indeed. Remember just a few months ago late December we were at 28000bpd and the market didn't like it. Prior to that we were at 140 share price We get crucified on anything less than good news yet stifled on good news like today. I get the feeling that things are changing though and the board are not putting up with it any more.

[pittcock] 13/5/2024 15:05

Some tosh being spouted on lse by the usual suspects.

[pittcock] 13/5/2024 15:00

Shenanigans to bail out the shorts

[milliecusto] 13/5/2024 14:56

I see broadford bay and Belgrano are working over time to talk oil api again and Pipeline, for guys that are not invested sure working a shift to deramp

[ozzmosiz] 13/5/2024 14:56

Only 6.8% up on that RNS, crazy

[sbb1x] 13/5/2024 14:08

Gap to fill @120

[bozzy_s] 13/5/2024 14:01

Strong update today. Cash up from $82m 31/12/23 to $98m 10/5/24. So roughly $4m a month surplus - including a relatively weak Jan / Feb. Should be clearing $6m - $8m a month at current prices/production rates.

Focus has been on reopening the pipeline, with about 4,000 posts on the other thread over the past 14 months suggesting it's imminent. But it's good to know the company has some sort of a future without it.

[redbed] 13/5/2024 13:59

They will be published stats after the close.

[jackpotjack] 13/5/2024 13:52

Looks like GKP are buying up to £1.30 for now

[redbed] 13/5/2024 12:41

DailyHow many have they bought today sweep?https://twitter.com/ChicagoJack5/status/1789998690804858981?t=6IdjW_jeTvZw-pucxTBOAg&s=19

[bobaxe1] 13/5/2024 11:47

Let it go !// let it go !//

[worldquant] 13/5/2024 11:34

#gkp #gkptakeoverVery interesting RNS I have compared scope of buyback with last one in 2019.I had expected company too have done a friendly deal.Appears to me that they are actually defending againsthostile interest and this buyback is designed to force bidders hands.https://x.com/chicagojack5/status/1789974756432691406?s=61&t=EEAJRmerpfLiAmForyb8Dw

[0ili0] 13/5/2024 10:24

£98.70 to go. 😉

[pittcock] 13/5/2024 10:18

Lets see what wall st. makes of this news this afternoon.

[beernut1] 13/5/2024 09:35

We expect Baghdad to promptly send Kurdistan Region civil servants’ salaries: PM Barzani
Prime Minister Barzani also said that the Kurdistan Region had fulfilled all its obligations. author_image Kurdistan 24
17 Hours

Kurdistan Region Prime Minister Masrour Barzani speaking at the presser, May 12, 2024. (Photo: Kurdistan24)
Kurdistan Region Prime Minister Masrour Barzani speaking at the presser, May 12, 2024. (Photo: Kurdistan24)
Kurdistan Masrour Barzani civil servant salaries
ERBIL (Kurdistan24) – Kurdistan Region Prime Minister Masrour Barzani in a presser on Sunday said "We expect Baghdad to promptly send the salaries of civil servants in the Kurdistan Region for April and May."

The Prime Minister's remarks came after his attendance at the symposium on Drought and the Impact of Climate Change on the Political, Economic, and Demographic Situation of Iraq.

Prime Minister Barzani also said that the Kurdistan Region had fulfilled all its obligations.