Gulf Keystone Petroleum Share Discussion Threads

[bang_gone] 29/11/2024 13:21

Its wakey wakey on the East Coast across the pond , and for the 30, 500th time posts AND ONLY EVER ON THIS STOCK ( barely credible - LOL ) the paid American sentiment basher clocks in for work.If CARLSBERG did BUY signals.FILL YER BOOTSTAKEOVER RNS INCOMINGTHIS MONTH.HTTPS://x.com/ChicagoJack5/status/1787790142574325840

[bigdog5] 29/11/2024 13:13

Its been sold according to you Carroll since 2014.

Its alright, you, scotty snowflake and ladyboyjohny are well in front for failed predictions!!!

But watch out for Queen lemming sarah, she's doing her very best with her particular brand of BS!!

[bigdog5] 29/11/2024 13:11

You haven't a clue as to the BP deal Queen lemming sarah and why it has come about and what is happening down there. Erbil arrange it all did they dearie, lol.

[hsflegal] 29/11/2024 13:09

Its wakey wakey on the East Coast across the pond , and for the 30, 500th time posts AND ONLY EVER ON THIS STOCK ( barely credible - LOL ) the paid American sentiment basher clocks in for work.
If CARLSBERG did BUY signals.

FILL YER BOOTS

TAKEOVER RNS INCOMING

THIS MONTH.

[bigdog5] 29/11/2024 13:08

Still no offers Carroll, how strange!!

Sold you say? But you've been saying that since 2014!!

[redbed] 29/11/2024 13:07

Its wakey wakey on the East Coast across the pond , and for the 30, 500th time posts AND ONLY EVER ON THIS STOCK ( barely credible - LOL ) the paid American sentiment basher clocks in for work.If CARLSBERG did BUY signals.FILL YER BOOTSTAKEOVER RNS INCOMINGTHIS MONTH.

[bigdog5] 29/11/2024 13:04

Queen lemming sarah now posting about New Contracts!!

But she's maintained for ages that there isn't any need for new contracts because the PSC's were legitimate and would remain!!!

She will of course be flip flopping many more times going forward as everything changes:-)

Didn't nestofBS say something about less than £1.50 wouldn't be visited again:-)

[hsflegal] 29/11/2024 13:03

Yes I agree - its sold before Christmas.

FILL YER BOOTS


TAKEOVER RNS INCOMING


THIS MONTH.

[habshan] 29/11/2024 13:01

"the closure of the pipe isn't concerning Baghdad at all. They are getting all the oil out to Market that they want."

I don't think that Baghdad agree with you there Sarah, and I doubt if BP who are starting work soon will be convinced by it either.

I imagine they're all laughing at you.

[redbed] 29/11/2024 12:51

Its wakey wakey on the East Coast across the pond , and for the 30, 500th time posts AND ONLY EVER ON THIS STOCK ( barely credible - LOL ) the paid American sentiment basher clocks in for work.If CARLSBERG did BUY signals.FILL YER BOOTSTAKEOVER RNS INCOMINGTHIS MONTH.

[bigdog5] 29/11/2024 12:50

I see that Queen lemming sarah has had another delivery of her mind altering drugs.

The poor dear just doesn't have a clue.

As for predictions she has managed to get naff all correct.

PSC were to be rolled out across Iraq. The PSC wouldn't be altered. Baghdad would have to provide better terms. Erbil will concede on nothing. $156pb would be paid. Turkey would force Baghdad to open the pipe. The Yanks would force Baghdad to open the pipe. Opec+ would forcer Baghdad to open the pipe. Epicur would force Baghdad into retaining the PSC's. The list is endless of her failures to get anything correct. Queen lemming sarah fails to see that the closure of the pipe isn't concerning Baghdad at all. They are getting all the oil out to Market that they want and getting decent prices for it. Are Erbil?

Meanwhile the pipe is still closed after 616 days!!!

Reality versus fantasy and BS.

[johnbuysghost] 29/11/2024 12:45

Bigmac takeaway incoming.

[habshan] 29/11/2024 12:35

"It is worth noting that the Iraq's Federal Supreme Court previously invalidated the KRG's independent oil and gas law, which had been a source of longstanding tension between Baghdad and Erbil."

Hehehe, the Kurds have something to say about that, and so do the International Legal Community the London High Court and the world's leading experts in Constitutional Law.

"As the MOI well knows, there is no provision of the 2005 Constitution of Iraq that confers any power upon the FGI to “approve” contracts issued by the KRG. The legal basis for those production contracts is the 2007 KRG Oil and Gas Law, passed unanimously by the democratically-elected Kurdistan parliament. That 2007 law is acknowledged by the world’s leading constitutional and international lawyers as having a solid basis in the 2005 Constitution of Iraq.

It is also revealing that the parliament of the FGI, unlike the parliament of the KRG, has still not passed an oil and gas law that is consistent with the 2005 Constitution. Indeed, the FGI has been unable, or unwilling, to pass any oil and gas legislation at all. The FGI oil sector is thus shrouded in a fog of corruption, over-centralisation and illegitimacy, seeking to rely in the meantime on the antiquated proclamations from the office of Saddam Hussein. The fact is that no federal Iraqi institution, “court” or otherwise, has the authority to invalidate the 2005 Constitution and invalidate KRG law.

The February 2022 “order” of the political committee (so called Supreme Court) is, like the Saddam-era orders on which it is modelled, almost comically devoid of even the most rudimentary legal reasoning. It is an embarrassment to the people of Iraq."

[petebreeze37] 29/11/2024 12:18

22$ is more like it.

[nestoframpers] 29/11/2024 12:14

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Kurdistan Watch
@KurdistanWatch
Kazim Tuki, a member of the Iraqi Parliament's Oil and Gas Committee, states that the recent Erbil-Baghdad oil agreement marks a breakthrough in resolving the two-decade-long dispute over oil and gas law.

Speaking to reporters, Tuki described the agreement as a significant milestone, noting that production costs had been one of the main points of contention. The primary dispute centered on the Kurdistan Region's oil extraction costs and revenue entitlements.

According to Tuki, the new agreement sets the maximum extraction cost at $22 per barrel for Kurdish oil, while production costs in Iraq's southern fields under central government contracts are capped at $12 per barrel. This resolution of the cost differential issue could facilitate broader consensus on the federal oil and gas law.

It is worth nothing that the Iraq's Federal Supreme Court previously invalidated the KRG's independent oil and gas law, which had been a source of longstanding tension between Baghdad and Erbil.

[highlander7] 29/11/2024 11:07

Well its going to be interesting and thats for sure with BP wanting the pipeline available by February and the KRG/AKIPUR digging their heels in. Looks like the ICG are screwed this time with their petty behaviour.
All self inflicted.

[fardels bear] 29/11/2024 10:39

It's busybee the deramper making a shy second appearance. What fun!

[habshan] 29/11/2024 10:33

Iraq is a signatory to numerous United Nations and International Treaties for the protection of investors.

All of this mess was created solely by politicians in Baghdad so why should they be allowed to escape the consequences scott free, they themselves have demonstrated that they are only too willing to go to arbitration when it suits them and other IOCs have already gone down the arbitration route to seek redress.

When this is all over and the IOCs have their new contracts and are exporting and working again as normal they will still have the option of going to arbitration to seek compensation for the enormous losses they've incurred through no fault of their own.

Unless, they sign away that option during the upcoming negotiations.

"Honour the existing terms of our legally binding contracts pay us what we are owed and we won't take you to court, if you refuse and want to screw us then the pipeline remains shut and BP won't have an export route, we'll continue selling into the local market and we'll sue you."

Compensation awards would run into the billions or more likely tens of billions.

That is an enormous bargaining chip.

International Arbitrator Jeffrey Sullivan KC who sits on the London Court of International Arbitration:-

Question (Rudaw) - What are the legal avenues that an IOC may use to seek redress for harm they may suffer?

Answer - "There are two avenues. One is investment arbitration, Iraq has entered into international treaties with 3rd countries that provide protection for foreign investors and those investors have the right to seek redress in international arbitration. The second is that there are contractual relationships with the KRG which are governed by English law and the Federal Government could also be held liable under those contracts."

Question (Rudaw) - Would the ruling by the Supreme Court itself be considered a violation?

Answer - "There is the potential for a violation if the contracts were not honoured. Under the investment treaties there's a very good chance they've already violated those investment treaties because the decision of the court itself interferes with the investors investments so if we're looking at redress under investment treaties there's the possibility that the Government of Iraq has itself violated those treaties through the decision of the Supreme Court."