Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 17/6/2024 09:02

john@john78846295: Jun 13

No agreement reached yet regarding cost of oil production. Negotiations between the KRG, Iraqi Government, and oil firms will continue after Eid al-Adha with the aim of reaching a final agreement.

[herbertsmithfreehills] 17/6/2024 08:48

HerbertSmithFreehills17 Jun '24 - 08:23 - 706520 of 706522 Edit
0 2 0
As anyone can see this is a stabilisation program, to prevent bad actors being naughty.
They have a further 5.4 million remaining and 4 days of the program.
They are obliged by MAR corporate governance to protect shareholders pre announcement of co sale.
This is what they are doing.
They aren’t seriously buying, they are showing others that if they try and flash crash this , they are up against a HUGE cash pile that prevents it.

[herbertsmithfreehills] 17/6/2024 08:48

It isnt a buyback - they have sold the company TBA.

[petebreeze37] 17/6/2024 08:41

I would say that in the longer term, paying off the 100 million debt last year, and now the buyback will increase gkp's value and make it more defendable in the future.
So yes, maybe buying back cheaply is a good thing in the long run, and in normal circumstance the price should adjust upwards in the near future.

[herbertsmithfreehills] 17/6/2024 08:23

As anyone can see this is a stabilisation program, to prevent bad actors being naughty.They have a further 5.4 million remaining and 4 days of the program.They are obliged by MAR corporate governance to protect shareholders pre announcement of co sale.This is what they are doing.They aren't seriously buying, they are showing others that if they try and flash crash this , they are up against a HUGE cash pile that prevents it.

[hydrocarbon1] 17/6/2024 08:17

I would rather see them buying at 150 and maintaining share price

[ozzmosiz] 17/6/2024 07:25

That's more like it, buying the shares at 131

[furenstaurus] 17/6/2024 07:21

#GKP #gkptakeover
1.19% issue cancelled
SP up 9.8% After 21/6 AGM
@Gulf_Keystone
will issue options/shares to reward staff+CEO stay bonus to share T/O proceeds
Stabilisation program 5 weeks done 4 days left
With a lot of cash in hand.

[adamrugen1066] 17/6/2024 07:20

I'd expect nothing this week, frankly. Eid ends Wednesday so back to work Thursday? That's 1 day before the weekend so they probably won't turn up that day either.

[habshan] 17/6/2024 07:01

Another 125,000 bought on Friday..

17/06/24.

RNS.

Transaction in Own Shares.

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq announces that on 14 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").

[furenstaurus] 17/6/2024 06:53

APIKUR spokesperson emphasized the importance of KRG’s involvement in modifying the oil agreements. Negotiations are underway for oil exports from the Kurdistan Region, with further discussions expected to address additional specifics.

hxxps://channel8.com/english/15457

[furenstaurus] 17/6/2024 06:51

#GKP #gkptakeover

@TakeoverPanel @HSFlegal

When you announcing the @Gulf_Keystone takeover?

Your mates have filled their boots now.

🇺🇸🫢

[shortsqueezer] 17/6/2024 05:58

Expect a few shenanigans today and tomorrow until the end of Eid.

[habshan] 17/6/2024 05:58

As I keep saying, the Kurds have a legal and constitutional right to sign their own contracts and the ICG lost any leverage they had over the Kurds when their "Supreme Court" ordered them to pay the $700 million a month salary bill.

The ICG badly need to get the pipeline open because of the amount of money they're losing and their need to diversify their export routes hence their call for an "urgent" meeting and the Kurds are saying "you aren't even going to SEE the contracts until you acknowledge that they're legal" which is why APIKUR mentioned a "legal jeopardy" and only sample contracts were provided.

June 16.

APIKUR: KRG yet to provide Iraq with copies of oil contracts, negotiations ongoing.

According to the spokesperson of the Association of the Petroleum Industry of Kurdistan (APIKUR), Myles Caggins, the Kurdistan Regional Government (KRG) has not yet submitted copies of the oil contracts to the Iraqi government.

Caggins mentioned that adjustments to the contracts need to align with the current circumstances.

Caggins also stated that, despite investing $10 billion in the Kurdistan Region, the terms of our work need to be revised. Significant funds have been allocated to oil-related endeavors in the region.

APIKUR spokesperson emphasized the importance of KRG’s involvement in modifying the oil agreements. Negotiations are underway for oil exports from the Kurdistan Region, with further discussions expected to address additional specifics.

[highlander7] 17/6/2024 05:55

Good to see you are monitoring my posts 24/7 Broadfraud. But thats not what genuine investors do is it ?

[broadford bay] 17/6/2024 05:49

highlander7: "I fail to understand..."

Confirmation straight from the horse's mouth, describes you down to a t!

[highlander7] 17/6/2024 04:24

Broadford - "At no time was it ever intended, and nor did it so transpire, to enter into any sort of negotiation with APIKUR."

Another googled fairy story by the sounds of it. I fail to understand how he claims to have access to highly confidential negotiations between all 3 parties when thats plainly impossible and how he doesnt seem to realise that all news is being "managed".

[furenstaurus] 16/6/2024 21:19

#GKP #gkptakeover
@TakeoverPanel @HSFlegal
When you announcing the @Gulf_Keystone takeover?
Your mates have filled their boots now.
🇺🇸🫢

[furenstaurus] 16/6/2024 19:11

#gkp #gkptakeover


The most obvious and probably the highest premium takeover in stock market history - incoming


@TakeoverPanel


- you know all about it don't you?Ÿ??€ž???‚?š?Ÿ??€ž???€™


When is joe public allowed to know???

[furenstaurus] 16/6/2024 19:10

#gkp #gkptakeover $gkp

This time last year Goldman Sachs held <500,000

Added 7m in past 12 months pre takeover

@Gulf_Keystone will have been in a sales implementation agreement for minm 12 months possibly few years.

We are now looking at🏁within a few weeks at most.

AGM Friday 😇

[herbertsmithfreehills] 16/6/2024 19:10

#gkp #gkptakeover $gkpThis time last year Goldman Sachs held

[habshan] 16/6/2024 19:09

Broadford - "At no time was it ever intended, and nor did it so transpire, to enter into any sort of negotiation with APIKUR."

Witter witter witter.

And at no time will the pipeline reopen until APIKUR are content that their conditions have been met regardless of WHAT the ICG and KRG might talk about, they can talk till the cows come home but nothing will be agreed without APIKUR.

As APIKUR said only last week nothing will be agreed unless ALL THREE PARTIES agree it.

Meanwhile GKP and the other IOCs are making good money paid upfront straight into their bank accounts and can continue in that vein for as long as it takes.

And all while the ICG are losing money hand over fist through their own refusal to honour legally binding contracts and tankers carrying Iraqi crude having to embark on round trip voyages round Africa of up to 3 months which would otherwise take 8-10 days from Ceyhan.

So instead of getting 10 trips out of a tanker they're getting ONE.

The ICG have got themselves into a mighty fix Broadford and the only way out of it is for them to come to an agreement with APIKUR, and APIKUR have the support of the KRG because the Kurds have no intention of giving up their legal and constitutional rights to manage their own Oil & Gas industry and sign their own contracts.

The ICG lost any leverage they had over the Kurds when their "Supreme Court" ordered them to pay the $700 million a month salary bill.

The PSCs are legal under both the Iraqi constitution and international law which is why the ICG can't cancel them and are having to negotiate.

And no amount of wittering by you will change that.

[furenstaurus] 16/6/2024 18:57

#gkp #gkptakeover $gkp
This time last year Goldman Sachs held <500,000
Added 7m in past 12 months pre takeover
@Gulf_Keystone will have been in a sales implementation agreement for minm 12 months possibly few years.
We are now looking at🏁within a few weeks at most.
AGM Friday 😇

[furenstaurus] 16/6/2024 18:56

#gkp #gkptakeover



The most obvious and probably the highest premium takeover in stock market history - incoming



@TakeoverPanel



- you know all about it don't you?Ÿ??€&#382;???‚?&scaron;?Ÿ??€&#382;???€™



When is joe public allowed to know???