Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 04/12/2024 11:31

Yes it nearly took the rig out Sh1 . Sh7 was designed for the pressures but mysteriously had a mechanical failure near yo total depth which was never explained. Bob ( RIP ) did a post about all the times the Permian was breached.

[shortsqueezer] 04/12/2024 11:14

Did they, or anyone, ever poke the Permian?

[redbed] 04/12/2024 10:59

Perhaps some final field modelling data was required, hence wells needed closure

[fairenough11] 04/12/2024 10:57

Greater Shaikan gets closer by the day.Interesting that GKP choose now for maintenance at Shaikan.Lot of things happening simultaneously here.The Genel scenario is very strange indeed.GLA

[nestoframpers] 04/12/2024 10:53

Kurdistan Watch
@KurdistanWatch
Amid unexpected advances by opposition forces against Syrian government troops, Iraq has decided to close its entire border with Syria. While Iraq shares 600 km of border with Syria and maintains three official crossing points, there are also several unofficial crossings under various groups' control.

The KDP operates two crossings: the official Faysh Khabur checkpoint and the unofficial al-Walid crossing. Additionally, in the Sinjar region to the south, the PKK-affiliated YBS manages an unofficial crossing at Umm al-Dhiban village in coordination with PMF.

[nestoframpers] 04/12/2024 10:34

Genl have had their resources slashed si often I have no idea what they are worth . Anyone got something up to date . MGW used to say they were worth £14 a share .he's always wrong .

[steephill cove] 04/12/2024 10:28

IMHO:- GENL could do far worse than use a chunk of their cash pile to wipe out their debt & launch a share buyback.

[steephill cove] 04/12/2024 10:21

I will never forget GENLs CEO Tony Hayward (Ex BP) shafting us on the Behr Bahr drill. Disgraceful ✅

Still what goes around comes around 👍

[steephill cove] 04/12/2024 10:18

It’s a good job that they reduced their debt from $248m to $66m prior.

Otherwise as all LTH in GKP know from experience, it could have left GENL even more vulnerable.

[redbed] 04/12/2024 10:03

They are very vulnerable to a opportunist bid

[shortsqueezer] 04/12/2024 10:02

Support should be at 68 ish. Let's see.

[redbed] 04/12/2024 09:49

Amazingly well timed newsflow to drop Genel down the pan just pre export resumption.Plenty of retail would have been scared out

[ozzmosiz] 04/12/2024 09:18

Genel now has a market cap of less than £200m

[beernut1] 04/12/2024 09:09

Ok Cheers Habshan.
Just asked Alexa before posting, mind you she can be a bit bleary first thing in the morning.( messy hair etc. lol)
10.00 am is even better.

Glad

[habshan] 04/12/2024 08:50

Morning Beernut, Baghdad is currently 3 hours ahead of the UK so 1300 Baghdad time is 1000 in the UK.

[beernut1] 04/12/2024 08:45

Meeting starts at 13.00 Baghdad which is 11.00 am here. Keep eyes out for news. This’ll be another big step. Especially if as Habshan says they may vote as well. Gla

[theythinkitsallover] 04/12/2024 08:41

The Iraqi Deputy Minister of Oil told the Finance Committee there is a risk of Israel targeting Al-Faw Port, disrupting oil exports. Hence, Kurdistan Region must resume oil exports via the Turkish port.

[bang_gone] 04/12/2024 08:35

Arrears to be paid ???

[habshan] 04/12/2024 08:29

"Iraqi Prime Minister Mohammed Shia al-Sudani attends too, to make readings and vote on bills."

So hopefully we'll get not only the 2nd reading today but the vote as well.

If they vote it through then that will be a major hurdle cleared and then the consultant can start his work and it'll be over to the IOCs and their negotiators.

Fingers crossed for the desired outcome.

Will the IOCs be prepared to start exporting on the basis of $16 with that being adjusted up or down later (unlikely imo) or will they want the final numbers in writing first.

Caggins said no exports until contracts signed including guarantees on past and future payments.

Let's see.

According to Paul's post above the debate starts at 10am UK time.

[paul4742] 04/12/2024 08:09

A little more..


Iraqi parliament holds meeting in presence of PM Al-Sudani
The Iraqi parliament will confer on the second reading regarding the first amendment on the proposal number (13) year 2023 of the total budget in the country for 2023-2024-2025, which has been submitted by the Finance Committee.


Dec. 4, 2024
ERBIL, Kurdistan Region (Kurdistan 24) – It is set by the Iraqi Parliament to hold a debate on Wednesday, at 13:00 (Baghdad local time), where the Iraqi Prime Minister Mohammed Shia al-Sudani attends too, to make readings and vote on bills.
According to its agenda, the Iraqi Parliament hosts the P.M. Al-Sudani, and one of the proposals will be to vote on Article (36), which is about the National Intelligence Service, the bill is presented by the Iraqi Committee of Security and Defense.
Another debate in the meeting is to vote on the first amendment to Article (5) of the Passport Law (No. 32) year 2015.
The Iraqi parliament will confer on the second reading regarding the first amendment on the proposal number (13) year 2023 of the total budget in the country for 2023-2024-2025, which has been submitted by the Finance Committee.
It is decided that the last part of the meeting, will be the second reading on the fifth amendment to the Civil Aviation Bill No. (14) year 1974, submitted by the Committee of Transportation and Communications.
Due to postponing and rearranging debates by the Iraqi parliament, otherwise earlier of this month, the Deputy Speaker of the Iraqi Parliament, Shakhawan Abdulla, exclusively, stated to Kurdistan 24, the would be a second reading for the Total Budget in Iraqi parliament debate on Monday, Dec. 2nd, 2024.

[beernut1] 04/12/2024 07:38

Iraqi Parliament to address Kurdistan Region oil exports
Prime Minister Mohammed Shia al-Sudani is expected to attend the session, underscoring the importance of the discussions.

12 hours ago
Iraqi Parliament. (Photo: Kurdistan24)Iraqi Parliament. (Photo: Kurdistan24)
Iraq
Iraqi Parliament
resumption of oil exports
ERBIL (Kurdistan24) – The Iraqi Parliament is set to convene on Wednesday to deliberate on four significant legislative items, including the resumption of oil exports from the Kurdistan Region.
Prime Minister Mohammed Shia al-Sudani is expected to attend the session, underscoring the importance of the discussions.
Among the agenda items, the fourth point involves the second reading of the budget amendment bill for fiscal years 2023, 2024, and 2025. The fifth item will be the second reading of the proposed fifth amendment to Civil Aviation Law No. 148 of 1974.
Vian Sabri, head of the Kurdistan Democratic Party (KDP) parliamentary faction, provided insights into the amendments. Speaking to Kurdistan24 on Tuesday, Sabri revealed that the second reading of the budget amendment bill will include changes to Paragraph (c) of the second section of Article 12 in Federal Budget Law No. 13 for the years 2023-2025.
Sabri explained that the amendment aims to address financial arrangements between Baghdad and Erbil. According to the proposed changes, the Federal Ministry of Finance will compensate the Kurdistan Regional Government (KRG) for costs related to the production and transportation of oil managed by the State Organization for Marketing of Oil (SOMO) or the Federal Ministry of Oil.
The amendment specifies that these costs will be estimated fairly and equitably for each oil field, based on evaluations by an international consulting firm to be appointed by the Federal Ministry of Oil in coordination with the KRG’s Ministry of Natural Resources. The consultation process is mandated to conclude within 60 days of the law’s enactment.

[highlander7] 04/12/2024 05:20

I'm not surprised Sudani is panicking.

In addition to the BP issue he now has likely sanctions from Trump to contend with. Not to mention the closure of the Straits of Hormuz because of possible US/Israeli attacks on Iran.

He gets no sympathy from me !!

[ticketmaster] 03/12/2024 23:04

Each oil field..... very good.
Mandated to conclude within 60 days....even better.

Positive moves by the end of this year.

Good luck to one and all.

[solarfire73] 03/12/2024 22:13

hxxps://www.kurdistan24.net/en/story/813588/iraqi-parliament-to-address-kurdistan-region-oil-exports


"The amendment specifies that these costs will be estimated fairly and equitably for each oil field, based on evaluations by an international consulting firm to be appointed by the Federal Ministry of Oil in coordination with the KRG’s Ministry of Natural Resources. The consultation process is mandated to conclude within 60 days of the law’s enactment."

each oil field.....good