Gulf Keystone Petroleum Share Discussion Threads

[ptmorris1] 10/6/2024 15:22

For those holding via "ii", this is the response that's just been received re voting at the AGM:

"
Regarding the Gulf Keystone voting form, it typically becomes available in the Voting Mailbox on your web account a few days before the AGM. If it is not yet visible, please allow a bit more time as it should appear shortly.
"

[adamrugen1066] 10/6/2024 15:12

The market agrees

[shortsqueezer] 10/6/2024 14:56

That report just now was just lazy sensationalist journalism. You are correct.

[justiceforthemany] 10/6/2024 14:53

APIKUR reps claim progress has been made. Conflicting reports.

[hydrocarbon1] 10/6/2024 14:37

The companies requested 5.4 trillion dinars for a year, while the Oil Ministry allocated 2.7 trillion dinars, citing budget law limitations.

The Oil Ministry clarified that the funds would also cover pipeline rent, storage costs, and efforts to improve oil quality, with companies receiving $9 to $10 per barrel. Although this is higher than the $6 the Iraqi oil ministry had previously requested as the cost of oil production, it still falls significantly short of the $22 the companies are demanding. Consequently, the companies have rejected the Oil Ministry's proposal, deeming it insufficient to cover their expenses and maintain profitabil.

Hmmmmmmm

[milliecusto] 10/6/2024 14:11

Yip, sells starting to filter through on volume

[milliecusto] 10/6/2024 14:07

Might see softening on share price until clarification

[milliecusto] 10/6/2024 14:06

Needs to be verified, if so back to square 1,

[confused _gerbill] 10/6/2024 14:05

That's just a précis of what's already known, it's obvious no agreement was reached, but the header saying 'failure' is misleading, negotiations are ongoing and APIKUR, as yet, have not called BS on the Iraqi Oil Minister. We will see.

[scrwal] 10/6/2024 13:57

If true who makes the next move?

[eddie47] 10/6/2024 13:34

Needs to go on the side of the bus!

[petebreeze37] 10/6/2024 13:30

Well he,s on the money, mro.

[justiceforthemany] 10/6/2024 13:17

Hearing some progress has definitely been made.

[petebreeze37] 10/6/2024 12:41

1. Bobax...fingers crossed.
2. Looks like there are still display problems at advfn, my monitor and charts are missing data and charts flat lining.

[habshan] 10/6/2024 12:39

Above link.

"Both sides will now prepare their proposals on the cost of oil extraction. After agreeing on it, the joint Erbil and Baghdad technical committee will review IOCs contracts to adjust to the agreed price."

[bobaxe1] 10/6/2024 12:28

This is big surly!//https://x.com/john78846295/status/1800134831675936930?s=46&t=KHNNXk1Nw1j5lyzHBSnKag

[petebreeze37] 10/6/2024 12:04

Me too, I couldn't access the sight for more than 90 mins.

[shortsqueezer] 10/6/2024 11:59

Thanks Ozz. Must be a busy day with the server struggling to cope.

[herbertsmithfreehills] 10/6/2024 11:53

#GKP #gkptakeover
Up to date as at 12:50
SP up 21% since stabilisation program began May 13.
Interesting to see how many they buy today , possibly not any IMO.
Update tomorrow AM 🙃🙂

[ozzmosiz] 10/6/2024 11:50

It's not just you. Advfn performance has been awful today

[herbertsmithfreehills] 10/6/2024 11:48

Oil & Gas Tracker
@OilGasTracker
·
27m
Kurdistan E&Ps - more positive reports over the weekend regarding possible pipeline opening up. The group is up 38% YTD, trading on $3.4/2P reserve, $16.1k/flowing barrel. #SNM is now trading above the pre-pipeline closure level. #DNO #GENL #GKP $SNM

[shortsqueezer] 10/6/2024 11:47

Is it just me or have ADVFN daily charts frozen?

[hangthedj] 10/6/2024 11:47

The new budget will provide the Kurds with $1.875 billion a month in exchange for 400kbpd or 12 million barrels of oil

---------

Is it just me or is it very, very, very unlikely that above scenario will come to fruition?

[habshan] 10/6/2024 11:34

"Baghdad will be paying $156 a barrel.

Now then Sarah.

The new budget will provide the Kurds with $1.875 billion a month in exchange for 400kbpd or 12 million barrels of oil.

My calculator says that 1.875 billion divided by 12 million is 156.

What does yours say, yesterday you said you agreed with Broadford's $12 which is clearly incorrect.

If they were receiving $12pb for 12 million barrels they would get only $144 million a month instead of $1.875 billion.

So they'd only be getting 1% of the budget and not 14%, and I think that if the new budget amendments had reduced their share of the budget from the previous 12.6% to 1% we'd have heard about it.

Or maybe it's just that you and Broadford haven't a clue how to do sums.