Gulf Keystone Petroleum Share Discussion Threads

[mmt1] 21/5/2024 15:39

It's looking good... but this is GKP..

[habshan] 21/5/2024 15:26

"Squeaky bum time for the ICG, their only bargaining chip being civil servants salaries."

The ICG lost that bargaining chip 3 months ago.

The ICG can't ignore the directives and rulings of their own "Supreme Court" and on the 21st of February the "Supreme Court" ruled that Kurdish civil servants have a constitutional right to be paid and paid on time the same as everybody else in Iraq and their salaries should not be held hostage to political disputes between Erbil and Baghdad where Baghdad can withhold them every time they want to bend Erbil to their will.

Yet another example of Baghdad trying to bully the Kurds and just ignoring the Constitution when it suits them, but even their own "Supreme Court" decided they couldn't let them get away with that one.

Since then it seems to have been running reasonably smoothly and they are getting the new electronic payment system up and running.

This is the ruling:-

Federal Court decisions on salaries of Kurdistan Regional Government employees:

1. In accordance with Articles 116 and 117 of the Iraqi Constitution; There should be equality in the distribution of public revenues and the salaried employees of the Kurdistan Region should not be oppressed.

2. Both the Iraqi and Kurdistan Regional Governments must work to ensure that the salaries of the Kurdistan Regional Government employees and salaried employees are distributed on time.

3. Both the Iraqi and Kurdistan Regional Governments must comply with the federal general budget law to pay the financial entitlements and salaries of the Kurdistan Regional Government employees.

4. Mohammed Shia Sudani, the Iraqi Prime Minister, must take responsibility for paying the salaries of the Kurdistan Regional Government employees and resolve the problems and conflicts between the two governments (Iraq and the Kurdistan Region); To ensure the payment of salaries to the Kurdistan Regional Government.

5. The Iraqi government must be committed to paying the salaries of the Kurdistan Regional Government (KRG) employees and no loans should be given to the Kurdistan Regional Government (KRG) to distribute the salaries of its employees.

[worldquant] 21/5/2024 14:39

This is going vertical imo.

[highly geared] 21/5/2024 14:21

Barely one fifth of the buy back authority used and the share price is above 140p. Lots more fire power available and hopefully it becomes painful for the shorts who close some and take the shares higher.

It looks like local oil demand is now well established and profitable. The fact that all the IOC’s have ‘leaned down’ to operate uber efficiently means a reasonable status quo profitability for the months ahead whilst the ITP agreement ticks down.
The profitability should also mean further buy backs can be implemented if necessary to support the share price whilst the next 16 months plays out.

Squeaky bum time for the ICG, their only bargaining chip being civil servants salaries. Regardless, IOCs have been shafted through non payments going back years and revenge is a dish best served cold… it’s business after all…

[ptmorris1] 21/5/2024 14:19

Muttley at the take over party:

[adamrugen1066] 21/5/2024 14:13

Share price keeps going up. Bigdog is going to be livid ?

[0ili0] 21/5/2024 13:38

A few lucky bags been filled. Time to move up 📈

🍔🍟

[johnbuysghost] 21/5/2024 13:22

A bid is coming.

The city knows about GKP. All of them.

[petebreeze37] 21/5/2024 12:58

Hi pt, looks like good cruising ahead.

[ptmorris1] 21/5/2024 12:48

"Bosun" - Jeez, pongos .... LOL.

[petebreeze37] 21/5/2024 12:39

Thanks Boson, It looks like fair winds ahead.

[martyre] 21/5/2024 12:35

Now the share price is not struggling, can I assume the gap at £1.23 is no longer relevant?

[ptmorris1] 21/5/2024 12:34

SS, I dunno, Rachel Riley's isn't too shabby...

[tankerted] 21/5/2024 12:27

Hi Shipmates,
been keeping an eagle eye on the Botas KRG pier. Obviously no movements from there, or I'd have mentioned...
IMO plenty of tonnage in Med basin if required, 12 / 24 hrs steaming to get there. ( KRG Pier)
Plenty, (possibly more), smaller tanker movements around Dortyol (further East) and Mersin (further West).
IMO ideal for road tanker wagon (RTW) into storage and transhipment in smaller < 150,000 dwt ships. Still some strange movements in Gulf of Aqaba too..
Anyway, another day nearer too.
We're still standing and "The times they are a changin'".
GLA-TT

[0ili0] 21/5/2024 12:17

Any word from the lunch queue 🥨🍜 🗣️
28068;

[worldquant] 21/5/2024 12:03

F11 agreed.1 month to AGM........I now expect a bid prior..Agreed one hopefully..This buyback is pushing any acquirer + the new options rules are a huge incentive to move before they voted through.

[fairenough11] 21/5/2024 11:59

I do have thw gut feeling that multiple things could occur all at the same time here.We are now in that zone imo.

[shortsqueezer] 21/5/2024 11:55

Chart looks magnificent. Never seen such a beautiful double bottom :-)

[ozzmosiz] 21/5/2024 11:52

140 breached.I do love the smell of burnt BIGhotDOG

[0ili0] 21/5/2024 11:47

Is Chinese Steve a GS intern?
🇨🇳&#128118;📉

[habshan] 21/5/2024 11:25

Steep - "If it gets to less than 12 months to go; the Kurds will just decide to sit tight & do a new deal on the ITP with ????????"

The silence surrounding the refurbished pipeline that was supposedly going to cut out the Kurds is deafening. In my opinion neither the Kurds nor Turkey would allow it and Erdogan wouldn't be prepared to alienate the Kurds for a poxy 75kbpd from Kirkuk that would barely cover the bottom of the pipe.

Erdogan has indicated his stance regarding the Kurds :-

"While Iraq has been preparing to resume oil exports from Kirkuk to Turkey, Erdogan likely prefers resuming exports through the KRG's pipeline. Critics claim the agreement's political dimension is to maintain the KDP's power and continue its leaders' rule in the Kurdistan Region with Ankara's support."

And then 3 days ago during the visit of the US Assistant Secretary for Energy Resources Geoffrey R. Pyatt we get this:-

"It is clear to the United States, Turkey, and U.S. companies that Iraq is preventing the resumption of oil exports from the Kurdistan Region."

It seems to me that when Erdogan called in at Erbil last month after listening to the ICG all day he told Barzani to just sit tight and tough it out until the ITP agreement expires and unless the ICG cut out their nonsense in the meantime then in 16 months we can come to a new agreement where we can go back to me getting my discounted oil and you get to resume your exports.

And the Iraqi Government can lump it because I control their water.

When Erdogan smiles at the ICG all they can do is smile back.

[steephill cove] 21/5/2024 11:19

And, if they are buying Khormala oil at about $40 per barrel & Tawke oil at about $37 a barrel.

It wont be long before they realise Shaikan oil is just $29 per barrel & send the tanker trucks there as a priority instead to squeeze out even more margin ✅

GKP share price 📈💪

[shortsqueezer] 21/5/2024 11:19

Correct. APIKUR, the KRG hold many trump cards. Several of which could open up a can of worms and prove the illegitimacy of the Iraqi Supreme Court.