Gulf Keystone Petroleum Share Discussion Threads

[r1singson] 27/11/2024 10:46

An occasional reader of this board, why or who keeps going on about takeover for last few years?

[worldquant] 27/11/2024 10:30

ChicagoJack@ChicagoJack5·36s#gkp #gkptakeoverJumped out of 8 day hourly rangeNormally when takeover incoming bad actors try to drop mkt to gain stock from retail,With stabilisation ( buyback😉) program in place - that's tricky.Each day a day nearer Sale RNS will this have to be forced higher?Details

[milliecusto] 27/11/2024 10:29

Strange over there

[arcadian] 27/11/2024 10:29

No rush then

We expect international oil companies operating in the Kurdistan Region’s oil fields to begin talks within the next 60 days to resolve the oil export impasse.”

[worldquant] 27/11/2024 10:22

ChicagoJack@ChicagoJack5·36s#gkp #gkptakeoverJumped out of 8 day hourly rangeNormally when takeover incoming bad actors try to drop mkt to gain stock from retail,With stabilisation ( buyback😉) program in place - that's tricky.Each day a day nearer Sale RNS will this have to be forced higher?Details

[notaramper] 27/11/2024 10:18

I see Genel being hit for six again.

[theythinkitsallover] 27/11/2024 09:45

KURDISTAN OIL EXPORT DEADLOCK NEARS RESOLUTION AS IRAQI PARLIAMENT ADVANCES BUDGET AMENDMENT

Progress looms in the prolonged stalemate over the Kurdistan Region’s oil exports as the Iraqi Parliament completed the first reading of a proposed amendment to the Federal Budget Law for 2023-2025. The amendment aims to resume stalled oil operations halted since March 2023 by addressing production costs and establishing payment mechanisms.

Parliament’s proposal includes appointing an international advisory firm to evaluate oil production and transportation costs in the Kurdistan Region. This follows a November 5 decision by the Iraqi government to increase allocations for oil production and transportation from $6.90 to $16 per barrel.

The move has garnered support from APIKUR, representing international oil companies operating in the Kurdistan Region, which praised the amendment for addressing critical commercial terms and payment guarantees.

Kurdistan Regional Government (KRG) spokesperson Peshawa Hawramani called it a positive but interim measure.

“This decision is a step toward normalizing the situation, but it is temporary,” he said.

“We expect international oil companies operating in the Kurdistan Region’s oil fields to begin talks within the next 60 days to resolve the oil export impasse.”

Resumption of exports via the Iraq-Turkey Pipeline (ITP) remains vital, as the suspension followed a Paris arbitration ruling that found Turkey violated a 1973 treaty by allowing exports without Baghdad’s consent. This suspension has inflicted billions in revenue losses for the Kurdistan Region.

Despite the progress made with the first reading of the amendment, the next phases—namely the second reading and the voting on the bill—are expected to face challenges. Political agreements between Sunni, Shiite, and Kurdish factions within the Iraqi House of Representatives will be crucial for the bill’s passage.

[habshan] 27/11/2024 09:41

Iraq to Host Kurdistan Oil Officials for Budget Talks.

ERBIL — "Iraq’s parliamentary Committee on Oil, Gas, and Natural Resources has scheduled a meeting next week to host officials from the Kurdistan Region’s oil ministry.

The discussions will focus on amendments to the region’s oil-related budget, according to a statement released on Tuesday.

Deputy Speaker of Parliament Shakhwan Abdullah confirmed that the cost of oil production in the Kurdistan Region, which has been a contentious issue, has been addressed in the amendments. “Once the parliament votes on the revised budget, there will be no obstacles to resuming oil exports from the Kurdistan Region,” Abdullah stated."

[fardels bear] 27/11/2024 09:17

150 7p to sell..

[hsflegal] 27/11/2024 09:00

ChicagoJack
@ChicagoJack5
·
36s
#gkp #gkptakeover
Jumped out of 8 day hourly range
Normally when takeover incoming bad actors try to drop mkt to gain stock from retail,
With stabilisation ( buyback😉) program in place - that's tricky.
Each day a day nearer Sale RNS will this have to be forced higher?

Details

[fardels bear] 27/11/2024 08:57

150p to buy

[petebreeze37] 27/11/2024 08:55

Bagdad forced into a corner, or "after mutually benefitting talks we have..."

[habshan] 27/11/2024 08:48

"Israel-Hezbollah ceasefire begins after year of conflict."

BBC - Netanyahu also said ending the fighting in Lebanon, Israel's northern neighbour, would allow the IDF to focus on "the Iranian threat".

The Israelis want their military to focus on Iran so the possibility of the Strait of Hormuz being closed looms ever larger, so after almost 2 years of stringing out the pipeline issue Baghdad have tabled their first serious offer and made it one that they know is acceptable to the IOCs because they are now more than concerned about the catastrophic consequences of the country losing 95% of it's revenue.

They know that they seriously need to get the pipeline open, so their proposal meets the commercial terms of the PSCs and includes the APIKUR requirements on payment guarantees.

They want it done, and quick.

Zoom - "The move has garnered support from APIKUR, representing international oil companies operating in the Kurdistan Region, which praised the amendment for addressing critical commercial terms and payment guarantees."



Looking good.

[bang_gone] 27/11/2024 05:44

#gkp #gkptakeover ?Bermuda M+A often involves both parties entering a sales implementation agreement ( in private) year or two ahead of completion.It allows both sides to agree all conditionality/precedents pre sale completion.Here two the buyer's requiredhttps://x.com/111notout1/status/1861644829341384804?s=61&t=EEAJRmerpfLiAmForyb8Dw

[shortsqueezer] 27/11/2024 05:42

Well there is the best part of 10 million quid to distribute yet. I can't see buybacks being triggered now.

[highlander7] 27/11/2024 03:57

john@john78846295: 6h

Looking more and more positive that the political agreement is in place, and a vote to approve the budget amendment will be followed by steps to resume #oil exports.

Zoom News @zoomnewskrd:12m

Kurdistan oil export deadlock nears resolution as Iraqi Parliament advances budget amendment


Comment

Hopefully we might see another DIVI announcement when the pipeline re opening is announced. Another less probable outcome is a low ball 1st bid from the predator (s) that have been accumulating shares over the past few years.

GLA

[steephill cove] 26/11/2024 23:03

It’s going to one of the Seven Sisters.
👧👧👧👧8103;👧ԁ03;
Which one? = Malcolm McLaren.

“The skip they do’s the Double Dutch 🇳🇱 “

GKP Top 10 Shareholders has “Stichtings221; a plenty ✅👍

[steephill cove] 26/11/2024 22:51

Mark my words, we won’t even have to wind forward a few years. The GKP Express & Shaikan is an imminent BANG GONE 💯%

🚂🛢️🏁942;📈㈑6;💰💰💰💰💰💰8176;💰ԁ76;BN+

[jackpotjack] 26/11/2024 22:41

Exactly.... To have a piped route to market and all legal is worth 1000x the back payments to anyone that gets the amount of oil to come.Big picture and wind forward a few years.... BOOM

[milliecusto] 26/11/2024 22:19

Still deramping

[bang_gone] 26/11/2024 20:30

Thanks PJNice bullish engulfing candle we have now due to the dip and rise .155 is the pinch point to watch for ,whether that's soon or later but that's the break point . PJ

[bang_gone] 26/11/2024 20:29

After more than 1 year waiting #gkp is finally set to enter in the phase D of the #wyckoff accumulation pattern. If it plays out, it's going to 5 to 10 X in the coming months !HTTPS://x.com/Yannick_Finance/status/1860118102048174310?t=cvyMP770R0jc24W2VlaBYg&s=19

[diamondandpearls] 26/11/2024 20:07

What about back payments. As I read it no oil will go down the pipeline unless back payments are honoured.
Can we really see iraq paying back a $1b to the IOCs. The money has been stolen by kurdistan officials will all paper trails lost I'm sure.
So why would they pay the IOCs.
Anyone have any light on the part of the agreements ??

[ptmorris1] 26/11/2024 19:45

Nah, it just appeared on a news article but I do recall the furore over Rockhopper back in the day.

[confused _gerbill] 26/11/2024 19:19

ptmorros1 Hope you've got a hat full then! 😎