Gulf Keystone Petroleum Share Discussion Threads

[pittcock] 15/5/2024 08:54

Into the 140s today

[hydrocarbon1] 15/5/2024 08:38

Thank you!

[midasx] 15/5/2024 08:37

Another $8 million profit hitting the coffers this month to extend the buyback!

When we get our $150 million due, we could cause a right old rumpus, with a £300 million market cap.

[shortsqueezer] 15/5/2024 08:26

Nice 63k buy there.

[bobaxe1] 15/5/2024 08:05

Shorts will bottle it soon then we will get some movement !//

[shortsqueezer] 15/5/2024 07:46

Maybe not outs theory is correct and it's there as a defence against a flash crash.

[worldquant] 15/5/2024 07:45

#gkp #gkptakeoverDay 2 " up to $10m buyback program " in 2 days sent share price up 13% so far.But no shares bought ?yet , masterstroke of corporate skullduggery.It's the threat of buying that is moving those in the shadows to do the bidding up for them.Showtime before end May.

[midasx] 15/5/2024 07:43

So they have got it to 135 without buying a single share?

[petebreeze37] 15/5/2024 07:16

Walleye still got their short showing.

[diamondandpearls] 15/5/2024 07:06

Meeting upon meeting and nothing accually gets achieved!!
Complete clowns the lot of them.
Roll on 15 months and then the KRG can really screw over IOCs.
Onwards and upwards!!

[beernut1] 15/5/2024 06:46

They’re back.

KRG delegation arrives in Baghdad to discuss 2024 budget
Kurdistan
Breaking
Baghdad
2024 Budget
KRG delegation arrives in Baghdad to discuss 2024 budget
2024-05-14 21:54


Font
Shafaq News/ On Tuesday, a delegation from the Kurdistan Regional Government arrived in Baghdad to discuss the 2024 budget.
The Kurdistan Ministry of Finance stated, "The Kurdistan Regional Government delegation arrived in Baghdad this evening, headed by Awat Janab Noori, Minister of Finance and Economy."
The statement clarified that "the visit aims to discuss amendments to the budget law tables and resolve issues and obstacles that arise during the amendment of the law regarding the Kurdistan Region's share."
Earlier today, PM Al-Sudani's media office stated that the Prime Minister directed an extraordinary council session to be held next Sunday, May 19, to discuss the federal budget for 2024.
The current budget marks Iraq's largest in history, estimated at approximately $153 billion annually, with the Kurdistan Region anticipated to receive around 12.6% of the total.
Notably, the budget carries a substantial financial deficit of roughly $48 billion annually, the nation's highest recorded deficit, prompting concerns regarding potential repercussions amid oil price fluctuations.
The budget mandates a fixed price of $70 per barrel of oil and an exchange rate of 1300 dinars per US dollar for three years.
Iraq's oil export target is set at 3.5 million bpd, including 400,000 bpd from the Kurdistan Region. However, Kurdistan's exports have been suspended since March 2023 through the Ceyhan port in Turkiye after a compensation order by the International Chamber of Commerce related to "unauthorized" oil exports by the KRG between 2014 and 2018 without Baghdad's supervision.

[beernut1] 15/5/2024 06:44

Nice one Habshan
I W W T B O O T W

GLA

[habshan] 15/5/2024 06:06

"Notably, the budget carries a substantial financial deficit of roughly $48 billion annually, the nation's highest recorded deficit, prompting concerns regarding potential repercussions amid oil price fluctuations."

Sudani has called an extraordinary session of the cabinet to be held next Sunday, May 19, to discuss the federal budget for 2024 and address the huge budget deficit.

Meanwhile Kurdistan is almost back to full production and everybody's doing great except the Federal Government who aren't seeing a single dinar of it.



And the temperature in southern Iraq is already heading into the mid 40s with wall to wall sunshine and not a drop of rain in sight for another 6 months.

And the expiry of the ITP agreement is now only 16 months away.

They need to get the pipeline open, they're losing $1 billion a month.

"Iraq's oil export target is set at 3.5 million bpd, including 400,000 bpd from the Kurdistan Region."

So they're losing over 11% of their anticipated revenues while they dither over honouring the PSCs.

[beernut1] 14/5/2024 20:06

Re. Holy Grail.
From Lse


Bloomberg-regular and with a huge +80k following on Twitter, Alexander Stahel is pitching GKP:

hxxps://x.com/BurggrabenH/status/1789998591534158094

Are we becoming a household name?

[habshan] 14/5/2024 19:46

Bigdog 5 days ago - "API 11-17 is sludge in comparison to what is coming from Kirkuk, Fact."

Kuwait's fabulous wealth comes ENTIRELY from the selling of "sludge" and they sell 2 million barrels a day of it.

"Kuwait has a huge reserve of heavy crude oils with an API gravity of 10-20 deg. The recoverable reserve is estimated to be 66.48 billion barrels."

And Broadford is wringing his hands because he thinks SOMO are concerned about Shaikan crude reducing the API of the Kurdish blend from 31 to 29.

"The economy of Kuwait is a wealthy petroleum-based economy. Kuwait is one of the richest countries in the world."

[0ili0] 14/5/2024 18:58

You have to know these things when you're a free BB king. 🐕💨

[ptmorris1] 14/5/2024 18:36

@Oilio, I heard Muttley couldn't differentiate between an African and a(n) European swallow..

[confused _gerbill] 14/5/2024 18:32

hxxps://www.rudaw.net/english/middleeast/iraq/140520241

[worldquant] 14/5/2024 18:31

https://x.com/111notout1/status/1790433598157283476?s=61&t=EEAJRmerpfLiAmForyb8Dw

[pittcock] 14/5/2024 18:17

It's coming!