Gulf Keystone Petroleum Share Discussion Threads

[luckyclicker] 31/5/2024 04:36

Masrour Barzani: The political parties support the resolution of the issues between Erbil and Baghdadhttps://www.kurdistan24.net/ckb/story/259183-%D9%85%DB%95%D8%B3%D8%B1%D9%88%D8%B1-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%DB%8C:-%D9%84%D8%A7%DB%8C%DB%95%D9%86%DB%95-%D8%B3%DB%8C%D8%A7%D8%B3%DB%8C%DB%8C%DB%95%DA%A9%D8%A7%D9%86-%D9%BE%D8%B4%D8%AA%DB%8C%D9%88%D8%A7%D9%86%DB%8C%DB%8C-%DA%86%D8%A7%D8%B1%DB%95%DA%A9%D8%B1%D8%AF%D9%86%DB%8C-%DA%A9%DB%8E%D8%B4%DB%95%DA%A9%D8%A7%D9%86%DB%8C-%D9%86%DB%8E%D9%88%D8%A7%D9%86-%D9%87%DB%95%D9%88%D9%84%DB%8E%D8%B1-%D9%88-%D8%A8%DB%95%D8%BA%D8%AF%D8%A7-%D8%AF%DB%95%DA%A9%DB%95%D9%86

[deano64] 31/5/2024 00:30

I think all LTH are well conditioned by now. I certainly have not raised any hopes just yet.

[davetedjack] 30/5/2024 22:12

I have said it before but it is worth saying again I will only believe that a deal has been done and the company is pumping through the pipeline when the company issues an RNS to that effect Nothing else is worth getting excited about

[hangthedj] 30/5/2024 22:11

I'm not arguing with anyone, merely having a reasonable discussion about how I believe the payments to the contractors are calculated via the PSC.

[bigdog5] 30/5/2024 22:07

hangthedj, you're wasting your time arguing with sarah, she's out to mislead all here with tales of unicorns and rainbows I can assure you. Just laugh at her.

Do I have to remind you of just a few of the BS and lies that sarah has come up with over the years in trying to spin and hype the issues?

SOMO are going to move from $6pb to $26 are they?

[redbed] 30/5/2024 21:16

https://x.com/111notout1/status/1796246608193196530?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 30/5/2024 21:16

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

[confused _gerbill] 30/5/2024 21:15

From.LSE


Khamis al-Khanjar, leader of the Sunni Sovereignty Alliance, underscored the importance of PM Barzani's visit to Baghdad, predicting that all issues will be resolved in the next few days.

Hope this dudes predictions are better than the oil ministers prediction about the 3 days.

It’s been reported on multiple outlets so appears promising.

hxxps://www.basnews.com/en/babat/850126

hxxps://www.kurdistan24.net/en/story/35171-PM-Masrour-Barzani-stresses-Baghdad%E2%80%99s-responsibilities-in-resolving-Erbil-Baghdad-issues

Also

PM Barzani: There will be a meeting in Baghdad next week between Ministry of Natural Resources, Ministry of Oil, & IOCs.

hxxps://x.com/john78846295/status/1796254567598076111

In the meantime, local sales, strong FCF, and buybacks continue.

[redbed] 30/5/2024 21:15

https://x.com/111notout1/status/1796246608193196530?s=61&t=EEAJRmerpfLiAmForyb8Dw

[redbed] 30/5/2024 21:13

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

[redbed] 30/5/2024 21:13

Genel up over 6% today.

[redbed] 30/5/2024 21:12

Iraqi Foreign Minister last April - "Iraqi Foreign Minister Fuad Hussein said during an interview with Rudaw that the Kurdish oil will be sold at the same price SOMO sells it's own oil in the global markets following a deal between Erbil and Baghdad."

[hangthedj] 30/5/2024 20:49

Yes but the discount will still apply when paying the contractors via the PSC calculation.

Think MINISTER Faud has been known to speak with forked tongue and that's being kind to him.

[habshan] 30/5/2024 20:33

Iraqi Foreign Minister last April - "Iraqi Foreign Minister Fuad Hussein said during an interview with Rudaw that the Kurdish oil will be sold at the same price SOMO sells it's own oil in the global markets following a deal between Erbil and Baghdad."

[hangthedj] 30/5/2024 20:25

Surely a bit unrealistic to expect the approx $32 discount to Brent which was in place prior to pipeline closure to be eliminated completely?

[hangthedj] 30/5/2024 19:17

The terms of the PSC and contractor payments is quite a complicated equation to get your head around but basically after historical costs are recouped the 36% figure will no longer apply, It'll be a lower percentage.
Think probably $50 rather than $86 per barrel more realistic with pipeline open when you consider historical discount even if sales are legitimised via SOM0 or however.
Finally not sure ongoing expenditure will remain as low as $6m per month if we're to maintain 60kbpd.

Still very profitable but perhaps more realistic?

[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.