Gulf Keystone Petroleum Share Discussion Threads

[redbed] 04/6/2024 07:10

50,000 at 136.8

[petebreeze37] 04/6/2024 07:10

Or, maybe it's the drop before phase 3 on the chart starts.

[petebreeze37] 04/6/2024 07:09

Like I said yesterday, silly games from the market makers.

[herbertsmithfreehills] 04/6/2024 07:06

Yes Walleye Capital are still short 1.6 m shares.....

[redbed] 04/6/2024 07:02

Yes Walleye should

[diamondandpearls] 04/6/2024 06:09

They should be buying at least 250k today in the 130s ??

[habshan] 04/6/2024 06:02

Another 125,000 bought yesterday.

RNS.

Transaction in Own Shares

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq announces that on 03 June 2024, it purchased 125,000 common shares of US$1.00 each in the Company ("Shares") on the London Stock Exchange through Peel Hunt LLP in accordance with the terms of its share buyback programme announced on 13 May 2024 (the "Buyback Programme").

[shortsqueezer] 04/6/2024 05:36

Meeting not leering. Lol.

[shortsqueezer] 04/6/2024 05:35

Let's see if the leering with the IOCs actually goes ahead. They aren't going to all agree to meet up unless there is an acceptable proposal.

[diamondandpearls] 04/6/2024 05:27

No they won't
!! Iraq is never going to pay back payments and the IOCs have said no money no oil going down the pipe.
I think you all know that now. Only 15 months to go before iraq is out of kurdistan grasp forever .
I'm just going to sit these one out. Local sales are fine for another 15 months if it means we get our dues owed...

[confused _gerbill] 03/6/2024 22:57

ERBIL, Kurdistan Region - After recent meetings between Kurdish and Iraqi officials, relations between Baghdad and Erbil have improved, a Sunni politician told Rudaw on Monday.

“For the first time, I feel that Baghdad, Erbil, and the [Kurdistan] Region’s leadership are adamant about solving the outstanding issues,” Iraqi Sunni politician Mashan al-Jabouri told Rudaw’s Sangar Abdulrahman.

“And I believe that both sides are ready to make concessions on matters they previously rejected,” he added.

Kurdistan Region Prime Minister Masrour Barzani visited Baghdad on Thursday and met with Iraqi Prime Minister Mohammed Shia’ al-Sudani and other senior officials to discuss a range of topics, including pending Erbil-Baghdad issues.

Jabouri said that the recent visit from Prime Minister Barzani showed that everyone in Baghdad and Erbil are working in a positive atmosphere towards a solution, adding that Sudani and his government contributed to this improvement in ties.

“The prime minister [Sudani] holds respect and affection for the leadership of the Kurdistan Region and has no hostile intentions or targeting of the Kurdistan Region. This has helped the brothers in the Region to take significant and important steps that were previously seen as concessions,” he said.

Baghdad and Erbil have been at loggerheads on several issues, including the Kurdistan Region’s share in the federal budget, the salaries of civil servants, and the export of Kurdish oil through the Iraq-Turkey pipeline.

In April, Kurdistan Region President Nechirvan Barzani visited Baghdad twice to discuss the pending issues between the two sides and attend the meetings of Iraq’s ruling State Administration coalition.

Jabouri said President Barzani’s visit “brought a tremendous change” to the relations, stating that even the Shiite armed groups’ approach towards the Kurdistan Region has shifted.

Erbil has repeatedly accused Baghdad of not making regular payments of its share of federal funds. Last June, Iraq passed a three-year budget in which the Kurdistan Region's share is 12.6 percent. Baghdad has claimed it has fully implemented its financial obligations to the KRG, including through loans to assist the Region in paying the salaries of its civil servants.

On Monday, the Iraqi parliament approved the budget tables for 2024, which see the Kurdistan Region’s share increased to 14 percent.

Jabouri said he believes that under the current positive atmosphere the agreements between both sides will be implemented, including those regarding the Kurdistan Region's oil exports.

Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been halted since March 2023 after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had breached a 1973 pipeline agreement by allowing Erbil to begin independent oil exports in 2014.

Last week, Iraq’s oil ministry invited the KRG and international oil companies (IOCs) working in the Kurdistan Region to an urgent meeting to work towards reaching an agreement on the resumption of Kurdish oil exports. The KRG accepted the invitation and expressed readiness for the meeting.

Despite several talks between Kurdish, Iraqi, and Turkish officials, the exports have yet to resume, and many international oil companies have suspended production.

hxxps://www.rudaw.net/english/middleeast/iraq/030620242

[arcadian] 03/6/2024 20:18

How much for lifting and shifting ?

[luckyclicker] 03/6/2024 17:19

https://www.rudaw.net/english/middleeast/iraq/030620241

[luckyclicker] 03/6/2024 17:19

ERBIL, Kurdistan Region - Iraq's parliament on Monday passed the proposed budget tables which seek to increase spending for 2024.Iraqi Prime Minister Mohammed Shia' al-Sudani and his cabinet last month finalized a draft of the budget bill tables and referred it to the Iraqi parliament for approval.The parliament's media office announced that the members of the legislature passed the tables on Monday that sees an increase in the country's spending to 211 trillion dinars (about $161 billion).Sudani commended the parliament for approving the tables. "With great appreciation and pride, we commend the responsible decision taken by the esteemed Council of Representatives in approving the budget tables for the year 2024," read a statement from Sudani's office."We reaffirm our commitment to implementing the government program, approved by the Council of Representatives and supported by political forces, to achieve the targeted objectives and fulfill the priorities that reflect the aspirations and demands of the Iraqi people," it added.In June 2023, Iraq passed a three-year budget that included a record $152 billion in spending, allocating 12.6 percent to the Kurdistan Region.Abdul Zahra al-Hindawi, the spokesperson for the Iraqi planning ministry told Rudaw last week that the Kurdistan Region's share is from the 2024 budget is 14 percent.Iraq's planning ministry announced in late May that the Kurdistan Region's share of federal investment funds is 4.8 trillion dinars ($3.67 billion).Around 2.7 trillion dinars (About $2.1 billion) of the investment funds allocated for the Kurdistan Region is dependent on the resumption of the Region's oil exports that have been suspended since March 2023, according to the planning ministry.Federal budgets routinely require intense negotiations between Erbil and Baghdad. The cash-strapped Kurdistan Regional Government (KRG) has repeatedly accused Baghdad of not making regular payments of its share of federal funds. Baghdad has claimed it has fully implemented its financial obligations to the KRG.In April, Kurdistan Region Prime Minister Masrour Barzani said that an "appropriate" solution with the assistance of Sudani.Earlier this month, a delegation from the Kurdistan Region attended meetings of the committee responsible for budget amendments. After their return, they said in a statement that the details will be amended in such a way that the rights of the Kurdistan Region are protected.

[hangthedj] 03/6/2024 17:12

Deja Vu right enough :-)

[scrwal] 03/6/2024 17:06

Kurdistan share of federal investment funds is $3.67bn of which $2.1bn is dependent on the resumption of Kurdistan oil exports.

[notaramper] 03/6/2024 16:45

Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October

[justiceforthemany] 03/6/2024 16:33

Half a million extra bopd causing the steep drop in oil price?

[losses] 03/6/2024 16:27

Oil dropping caused the drop here

[herbertsmithfreehills] 03/6/2024 16:18

Because Kurdistan export resumption is incoming

[notaramper] 03/6/2024 16:13

Yanks dropped the oil price by 3% that's all that has happened.

[shortsqueezer] 03/6/2024 16:11

I get the impression that a buyback ( stabilisation) wasn't required today.

[ozzmosiz] 03/6/2024 15:56

Equivalent to £12billion

[herbertsmithfreehills] 03/6/2024 15:54

Breaking - "Iraqi parliament passes the proposed budget tables for 2024 - Statement"