Gulf Keystone Petroleum Share Discussion Threads

[redbed] 27/11/2024 16:52

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

[bigdog5] 27/11/2024 16:50

But sarah, you and others here have always maintained that I am wrong and there won't be new contracts and that the PSC's will be honoured!! Believe me now about new contracts?

There will be new individual contracts for the Producers and its very likely they will have different terms based on costs of production and quality of the oil/sludge. That's what the Independent "experts" have been called in for and if there is no agreement on their decisions take a wild guess who is in control then!!

As for the Strait of Hormuz the Yanks have ships out there and will if required get it cleared very fast.

But do continue to ramp away and dismiss the obstacles as your acolytes are desperate for your views:-)

[shortsqueezer] 27/11/2024 15:17

2nd reading tomorrow. Should be a foregone conclusion based on all the reports I've seen. Could be a good weekend :-)

[arcadian] 27/11/2024 15:01

As always Thanks f and or that reassurance. We missed you.

[habshan] 27/11/2024 14:48

Arcadian - "akipur must stand its ground and get everything in writing. Terms and conditions apply."

It's in hand.

Last week:-

"Myles Caggins, spokesperson for APIKUR, told Rudaw that they see the amendment as a "good step" but "Before we begin exporting oil, we must have written agreements."

"So right now, we are seeing Article 12 of the budget law in Parliament. After that, we need to have written agreements, and each individual company must agree to these terms under the new contracts," he said."

And APIKUR are in the driving seat, if the Strait of Hormuz were to be closed the price of oil will go through the roof and they will be able to sell locally all they can produce at prices higher than they're getting now.

Whereas the Federal Government won't be able to sell ANY. They'll be stuffed.

[redbed] 27/11/2024 14:40

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

[redbed] 27/11/2024 14:39

#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 conditions the buyer's requiredhttps://x.com/111notout1/status/1861644829341384804?t=kyHOB6Bu7_1dWEJ0_nLQ5g&s=19

[arcadian] 27/11/2024 14:37

The Iraq government seem to think that the budget changes are the only obstacle to oil flowing and that other concerns of the oil companies can be sorted over time.

Thw government will then try to portray the companies as uncooperative obstacles to oil flow which all agree is vital to the country`s well being.

akipur must stand its ground and get everything in writing. Terms and conditions apply

It is worth reading again what APIKUR wrote before we all get sucked in to believing that a budhet change and a proposal for securing an accurate lifting and shifting fee is all that is needed..



ERBIL — The Association of the Petroleum Industry of Kurdistan (APIKUR) on Thursday expressed optimism over the Iraqi Parliament's proposal to amend Article 12 of the Budget Law, viewing it as a possible path to restarting the Kurdistan Region’s oil exports through the Iraq-Turkey Pipeline (ITP).

In a statement, APIKUR member companies praised the proposal, noting that the amendments address long-standing industry requests for favorable commercial terms and secure payment mechanisms for both historical and future exports. APIKUR underscored that these guarantees are crucial for ongoing collaboration and the Region’s economic stability.

"We are prepared for constructive discussions with both the Government of Iraq and the Kurdistan Regional Government to finalize necessary agreements," APIKUR stated, emphasizing the importance of clarifying certain provisions within the law to facilitate oil exports through the ITP.

APIKUR also aligned with statements from Iraqi Prime Minister Mohammed Shia' al-Sudani and Kurdistan Region Prime Minister Masrour Barzani, both of whom have highlighted the mutual economic benefits of resuming exports. APIKUR noted that a timely agreement would bolster revenue flows and strengthen Iraq's energy sector.

Restoring oil exports through the ITP is a priority, promising economic gains for both Iraq and Kurdistan as officials work towards resolving essential export framework issues.

[theythinkitsallover] 27/11/2024 14:04

The amendment will address the debt owed to oil companies.

ERBIL — A member of the Iraqi parliament has stated that one of the topics for the next session is the amendment of the budget law, which will include the issue of Kurdistan's oil, specifically the amount of money allocated per barrel extracted.

On Wednesday, Nov. 27, Nahla Effendi, a Kurdish member of the Iraqi Council of Representatives, told BasNews that the budget amendment is scheduled to be submitted to the Iraqi parliament on Thursday.

The amendment will address the debt owed to oil companies.

"This point has been politically agreed upon, and we are now waiting for it to pass in parliament. The price of oil is set at $16 per barrel. After the second reading of the law, the prime minister will sign it," added Effendi.

The latest development follows the announcement that Iraq’s Parliamentary Committee on Oil, Gas, and Natural Resources has scheduled a meeting for next week to host officials from the Kurdistan Region’s Oil Ministry.

Later, Deputy Speaker of Parliament Shakhwan Abdullah confirmed that the cost of oil production in the Kurdistan Region, which has been a contentious issue, is addressed in the amendments.

"Once parliament votes on the revised budget, there will be no obstacles to resuming oil exports from the Kurdistan Region," Abdullah stated.

[nestoframpers] 27/11/2024 13:32

Falklands Sea lion now estimated resources of 917 million barrels. Peanuts compared to what Shaikans next CPR will detail.

[daniel levi bmd] 27/11/2024 13:06

O MY GIDDY AUNT


FYI

ADVFN SHAREHOLDER ACTION GROUP? hxxps://www.guerillainvesting.co.uk/2024/11/27/advfn-shareholder-action-group/

Dan
x

[nhgransha52] 27/11/2024 12:21

Just posted a buy for 2144. It's down as a sell !!

[ozzmosiz] 27/11/2024 10:50

Source? Nothing on googles search

[worldquant] 27/11/2024 10:49

#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 conditions the buyer's requiredhttps://x.com/111notout1/status/1861644829341384804?t=kyHOB6Bu7_1dWEJ0_nLQ5g&s=19

[worldquant] 27/11/2024 10:47

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

[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..