Gulf Keystone Petroleum Share Discussion Threads

[redbed] 07/6/2024 08:17

They have already agreed a sale , that's blindingly obvious.#gkp #gkptakeover All stage managed.AGM resolutions , 1 is a "stay bonus" to retain CEO for 6 mths post sale, another a reward and retention scheme for the majority workforce.Don't be surprised PSC has its duration extended.@Gulf_Keystone is sold TBAThe premium enormous

[shortsqueezer] 07/6/2024 08:15

Well many months ago APIKUR offered them 2 possible solutions. Looking forward to what has been accepted.

[arcadian] 07/6/2024 08:14

Wonder how any agreement will affect profitability,dividends etc and also attractiveness to any predator.

[redbed] 07/6/2024 08:12

They could adjust durations/ working interests shares to offset the cash owed.Lots of potential solutions

[highly geared] 07/6/2024 08:11

Back $ payments are integral to discussions as there’s $ hundreds millions outstanding. Another “lever” for the IOC’s to use.

[redbed] 07/6/2024 08:09

Question is are they naked short / unhedged.That would have been pretty mad and unlike their highly intelligent financial engineered strategy.Imo they are wiorking for themselves/client.That client may well be the ones that lent them the stock..If they really are naked short I'd expect them to try and move today rather than risk the likely chaos on Monday

[beernut1] 07/6/2024 08:08

Thanks shortsqueezer
No problem.

[luckyclicker] 07/6/2024 08:06

If there is an agreement over the weekend Monday morning will be very interesting with Walleye capitalDesperately trying to close their short position with every man and his dog trying to pile in (except big dog) and the company in the process of a shared buyback I see this as the hat trick recipe for GameStop 2 fingers crossed IWNWTBOOTW GOOD LUCK EVERYONE

[shortsqueezer] 07/6/2024 08:02

And thanks for all your news hounding over the years. Helped keep us all that bit saner whilst this saga has been playing out.

[beernut1] 07/6/2024 07:50

Thanks for your reply guys.
Made me feel more positive.
Just hope they’ve got chocolate hobnobs on the biscuit plate at the meeting.

Gla

[hydrocarbon1] 07/6/2024 07:41

shortsqueezer

Hope your intuition is correct.

[shortsqueezer] 07/6/2024 07:37

Me too. Fingers crossed

[redbed] 07/6/2024 07:35

I think they are all there to sign agreements already reached

[herbertsmithfreehills] 07/6/2024 07:33

That's the production cost.There will be a profit share additional portion

[shortsqueezer] 07/6/2024 07:31

The fact that they have agreed to a tripartite meeting suggests to me that the proposals are acceptable to all parties

[beernut1] 07/6/2024 07:27

Any views on payment of $14 instead of $8 as per Confused Gerbils post.
Will it be enough for APIKUR to accept?
Are the Krg going to stump up the rest to make it $21 a barrel, at least were moving in the right direction. ?
Gla

[redbed] 07/6/2024 07:19

I continue to wonder if Walleye really are naked short ( unhedged ) 1.52m shares what on earth are they going to do.

[beernut1] 07/6/2024 07:16

From Theoryman on Lse
First time I’ve seen him post anything with a hint of being positive

Interrupted contracts, possible solution?6 Jun 2024 16:30
The PSCs are designed to reward successful exploration through payments over the full course of the contract - reflects fact that IOCs take on the risk of failure.

Interrupting them before completion and amending them has to take that on board.

Given that the IOCs are looking for an average $21 a barrel cost of production before transportation but the latest Budget includes only $14 to $15, is there a time related solution to this mismatch?

Could commercial equivalence be achieved by extending the lengths of the amended contracts compared to what’s left on the current PSCs?

[shortsqueezer] 07/6/2024 07:14

Anyone tried buying this morning? There appears to be some difficulty

[midasx] 07/6/2024 06:03

As Opec have eased their production restrictions, Iraq will be keen to get the Kurdistan oil flowing again.

They are fully aware that their time is running out and the IOC"s can manage very nicely on local sales.

[jackpotjack] 07/6/2024 06:03

Won't want to be out this weekend :-)

[habshan] 07/6/2024 06:01

Another 125,000 bought.

RNS.

Transaction in Own Shares

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq announces that on 06 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").

[diamondandpearls] 07/6/2024 05:36

So this time next week everything will be agreed and oil will be flowing down the pipe !!
If not which I'm sire it won't be then we can all agree any articles coming out of Iraq is just bo[]ocks.
Then we can all sit back and wait 15 months as that will be the only time the oil flows again .
AIMHO...

[luckyclicker] 07/6/2024 04:02

#KRG We expect oil exports to resume soon. Iraq has now also reached the conclusion #Kurdistan should resume exports. Delegation is scheduled to visit #Baghdad on Sunday for the tripartite meeting.https://x.com/john78846295/status/1798808041346744662?t=wPbEmQ8dcxXY7z64dO6K4Q&s=19