Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 30/5/2024 18:47

Yes Goldman Sachs know exactly about Gulf Keystone Petroleum. Listed as one of the 8 biggest projects on planet earth 🌍 & called GKP “Shaikan in the Making” ✅

Goldman Sachs now have a GKP holding that just keeps on getting BIGGER day by day 😆

🚂🛢️🏁942;📈㈑6;💰💰💰💰💰💰8176;💰ԁ76;BN+

[broadford bay] 30/5/2024 18:42

hi bigdog,
don't believe a word of it - Kuwait is most definately NOT selling 2 million barrels a day of their VERY Heavy 10-18API crude. The selling prices mentioned by Habscam are NOT for the heavy stuff.
Kuwait currenty sells ONE grade - Kuwait Export Grade at ca 31API and S2.5%-S5%%
Yes, they have enormous reserves of very heavy sour crude similar to Shaikan heavy but they are not selling it - they are processing it in their own new, modern, hi-nelson refineries and benefitting from selling a range of refined value-added hydrocarbon fluids.
They do it themselves because the market valued their heavy stuff at near-Canadian prices and they decided some years ago that enough was enough.
Their latest al-Zour refinery (capacity ca 600-700Mbopd) is estimated to have cost them about $27Bn.
SH, as you are aware, is currently ca 17API and S5%-6%.

[steephill cove] 30/5/2024 18:41

IMHO:- Iraq 🇮🇶 PM Sudani & OM Ghani have less than 13 weeks to do a deal & reopen the ITP ✅

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 🇺🇸🇬🇧7481;🇷Ӻ66;🇺

[0ili0] 30/5/2024 18:38

Bigdog5 down 100% 🤣🤣🤣

[habshan] 30/5/2024 18:36

"You are in for a massive surprise sarah."

Tell me, how in your opinion are the ICG going to prevent the current ITP agreement from expiring in a little over 15 months from now.

[steephill cove] 30/5/2024 18:35

Calling all Goldman Sachs employees “Roll Up! Roll Up!“ 📣

ICG calling an urgent meeting to legitimise ALL Kurdistan IOC contracts ✅

The GKP PRICE IS RIPE for your 25 x Annual Salary Growth Bonus 😆👍📈⬆ʊ39;🆙💰;💪

[whl2] 30/5/2024 18:33

Genel up over 6% today.

[steephill cove] 30/5/2024 18:33

Bigdog5 clucking like a headless chicken! 🐔

Not going your way is it luv? 😆

[bigdog5] 30/5/2024 18:27

You are in for a massive surprise sarah.

[habshan] 30/5/2024 18:11

"Are you sure about those numbers sarah:-)"

Yes they're certainly impressive aren't they, glad they got your attention, that 10-20 API sludge is good stuff.

But you're right.

Here's the Kuwait Petroleum Corporation site that shows Kuwaiti crude selling yesterday not at $85.53 but at $86.39 and they should know better than anyone how much they're selling their own oil for:-



That would bump up GKP's net profit from $593,081,280 to $599,768,640.

Let's call it a round $600 million a year net to GKP.

Here's another impressive number for you .

No idea how much they would spend developing the field but let's say $100 million a year.

That would leave $500 million a year to distribute to shareholders if they felt so minded.

The current buyback will leave around 217 million shares in issue.

So that would mean a dividend of £2.30 per share per year.

Hope that helps.

[johnbuysghost] 30/5/2024 17:58

Yes 0iLi0 the city wine bars are full of GKP talk this evening. Most oil desks are fill to spill with GKP shares. 😉

I'm off for a pint of Barolo. I'll report back more news later.

[bigdog5] 30/5/2024 17:54

Are you sure about those numbers sarah:-)

[confused _gerbill] 30/5/2024 17:20

shortsqueezer, yes the translations on that site are patchy at best 👀

[the englishman] 30/5/2024 17:11

What does this mean: IWNWTBOOTOTW ?

[herbertsmithfreehills] 30/5/2024 16:58

Production share implies oilcos own reservesThat's politically a no noProfit share comes to the same thing economicallyThat's easy to sell politically.Its the basis for new contract rounds in the south..Its just what SINOPEC ordered

[shortsqueezer] 30/5/2024 16:51

Quite a lot lost in translation there, I feel

[0ili0] 30/5/2024 16:42

Meeting Hugo and Felicity in the Three Humps tonight. The Kozel is back on tap 🍻🍻🍻👍

🚂🛢️🛢ʊ39;🛢️🛢️
28173;

[herbertsmithfreehills] 30/5/2024 16:39

IWNWTBOOTOTW

[officerdigby] 30/5/2024 16:38

Thats right ! With the extra (OT)!

[herbertsmithfreehills] 30/5/2024 16:29

IWNWTBOTOTW

[gazebo79] 30/5/2024 16:29

There are no fundamentals to the rise.lol.lol. Gonna have to try a lot harder than that. Wow

[habshan] 30/5/2024 16:21

Bigdog - "Top quality oil 39 API. Sludge 12-18 API."

Let's just take a quick look at this "sludge".

Under any new deal between the KRG the IOCs and the ICG, Kurdish contracts would be seen as having been legitimised and the risk factor would be removed.

They would be seen as Iraqi contracts.

Kuwaiti crude has the same API range as Shaikan crude (10-20 deg).

Yesterday:-

KUWAIT May 29 (KUNA) - Price of the Kuwaiti crude oil rose USD 1.13 to settle at USD 85.53 per barrel on Tuesday.

Which according to KUNA was $1.31 more than Brent.

At the 60kbpd that Shaikan can potentially produce without needing to drill any new wells we would have the following:-

60kbpd x 30 days x $85.53 x .36 = $55,423,440 net to GKP per month.

Minus $6 million a month costs gives a profit of $49,423,440.

Or $593,081,280 a year.

And Kuwait sells 2 million barrels of that sludge every day, no wonder they're so fabulously wealthy.

But Bigdog sees it as a problem.