Gulf Keystone Petroleum Share Discussion Threads

[redbed] 12/6/2024 08:49

When the sale is announced, under Bermuda corporate law, buyer and acquirer, issue an independent valuation of the sale, that shareholders can read prior to voting it through at SGMOf course the inside major shareholders who will already have agreed the sale valuation wlll already have seen it.

[0ili0] 12/6/2024 08:46

The super majors have visited the data room. They know what they're buying and what it'll cost. 🛢️
29312;💭

[fairenough11] 12/6/2024 08:44

....and one that uses the correct FP figure?lol

[redbed] 12/6/2024 08:34

So many conflicting reports....However it all remains a side show as the company has clearly agreed a sale TBA

[redbed] 12/6/2024 08:32

Plor thickens

[fairenough11] 12/6/2024 08:30

The "VALUATION" uplift from this level, should it all go our/GKP's way, is mind bogglng imo and then throw in Corporate Action,Amalgamation?/Farm in/JV possibilities.
The ride back up could be fierce.
GLA.

[beernut1] 12/6/2024 08:22

Just bought another last batch of shares.
Don’t know how many last batches I’ve had.
But it feels closer than ever before.

Gla

[shortsqueezer] 12/6/2024 08:22

Mmt just have a look at the 3yr chart :-)

[hydrocarbon1] 12/6/2024 08:22

RS --Och aye, gee a little gain a lot!!!

[mmt1] 12/6/2024 08:20

you do get a feeling there will be a sudden jump upwards soon.. the trend is your friend and all that..

[richscotsman] 12/6/2024 08:19

The fact of the matter is that for the small price (comparatively to what has been lost over the past 15 months); by respecting existing contracts, perhaps with a bit of compromise the whole of Iraq including the KRG region will benefit from confidence in inwards investors moving forward. That is vital to address the large scale transport, water and diversification enterprises that are required to improve the quality of life for everyone in the region. Yes, they could try to screw the IOC's but it would be digging their own grave if they did so. As such I have 1m of shares here and am holding tight.

I could be wrong and the last 15 months have been testing for me but I am certain that I am right. My patience remains.

[shortsqueezer] 12/6/2024 08:03

Yes!And as for TRIpartite talks I'm pretty sure there will have been at least a fourth entity involved.

[habshan] 12/6/2024 07:58

S&P Global - "The ITP consists of two parallel lines, of 48-inch and 40-inch diameter, with a nominal capacity of 1.6 million b/d, though in the months leading up to its closure, volumes averaged around 450,000 b/d, comprising about 350,000 to 375,000 b/d of Kurdish Blend Test and 75,000 to 100,000 b/d of federally produced Kirkuk grade."

3 weeks ago - "Kirkuk is a producing conventional oil field located onshore Iraq and is operated by North Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide the Kirkuk oil field has recovered 98.83% of its total recoverable reserves, with peak production in 1974. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 3% of the country’s daily output."

So up to the pipeline closure Kirkuk was contributing 75-100kbpd to exports through the pipeline and is in decline with only 5 years of economic life left and currently produces 3% of Iraq's current 4 million bpd output or 120kbpd.

The ITP is Iraq's biggest pipeline network with a capacity of 1.6 million bpd and Kirkuk can only contribute 120kbpd of that.

Both Turkey and Iraq will want that pipe filled so to fill it the Kurdish fields will need to increase their output from 400kbpd to 1.5 million and then 1.6 million bpd within 5 years as Kirkuk ceases to be economically viable.

Make of that what you will.

As Ihsan Abdul-Jabbar Ismail who was Iraq's previous Oil Minister said only 2 years ago:-

"This is big money, if Sarsang Atrush and Shaikan should become one it would amount to the world's third largest oil field."

No.3 means 25-66 billion barrels of recoverable oil."

Development of a field of that size will need a consortium and the minnows who currently operate there just don't have deep enough pockets to do it within any sort of sensible timeframe.

To ramp up at the necessary scale the area would need to be flooded with rigs and the cost of all the production and gas handling facilities along with everything else would be huge.

[0ili0] 12/6/2024 07:55

That's 46 that won't be heading to a GS trader's bonus 👍

[gazebo79] 12/6/2024 07:37

Slipped another 46 in haha.ive run outta brass but as they say every little helps.hope I've not bought at the days high again lol.

[hydrocarbon1] 12/6/2024 07:13

Beer -Of course!!! Corporate Secret Confidential Signal Prior to Sale CSCSPTS 😊

[barbariansatthegate] 12/6/2024 07:11

#gkp #gkptakeover Over 70% of the "buyback" program expired , but less than 40% of the available cash used?Rather chilled approach $6m remaining, 8 trading days till program finishes.It's possible this goes vertical shortly, but might not be @Gulf_Keystone bidding it up?

[beernut1] 12/6/2024 07:08

Buys of 125 each time. Is it a sign the sale price is £125 a share. 🤞

[0ili0] 12/6/2024 06:34

The Board have held their breath well. Under water for 8 years 😉
Time to come up for air. 📈

[ozzmosiz] 12/6/2024 06:25

GENL ended the day 4.74% up from us, wonder why.

[herbertsmithfreehills] 12/6/2024 06:12

#gkp #gkptakeover
MAR stabilisation program pre takeover( to stop bad actors being naughty😉) continues with a few occasional actual buys thrown in,
1.03 % of issue bought in > 4 weeks share price up 19%


Updated spreadsheet here:

[habshan] 12/6/2024 06:03

Yesterday's 125,000.

RNS.

Transaction in Own Shares.

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq announces that on 11 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").