Gulf Keystone Petroleum Share Discussion Threads

[beernut1] 11/12/2024 12:33

Thursday. Tomorrow ? Will it be 2 nd reading also?

KRG: We have fulfilled our commitments, waiting for Baghdad to fund the salaries of employees
Kurdistan
KRG
Salary Delays
KRG: We have fulfilled our commitments, waiting for Baghdad to fund the salaries of employees
2024-12-11 12:10


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Shafaq News/ On Wednesday, the Kurdistan Regional Government (KRG) reiterated its fulfillment of financial obligations, emphasizing that it is now waiting for Baghdad to provide the necessary funding to pay employee salaries.
The KRG announced in a statement that "the KRG continues its efforts with the federal government to provide financial entitlements for employees, and it is awaiting the transfer of salaries for the months of October, November, and December at the earliest opportunity."
The regional government’s council also called on the federal government in Baghdad to find a permanent solution to the salary deficit issue in its next session, which will be held in Baghdad on Thursday, in accordance with the powers granted to it and under Article 60 of the Iraqi Public Budget Law

[johnbuysghost] 11/12/2024 12:16

The lunchtime queue is all GKP talk about how time is almost up as an 'independent' company. I ordered the badgers paw and poached egg sandwich.

[0ili0] 11/12/2024 12:09

We need a special session at the Three Humps 🍻

[plasybryn] 11/12/2024 11:37

SP Angel Analysts this morning
Gulf Keystone Petroleum (GKP LN) 140p, Market Cap £304m: Operational update
Gulf Keystone reported average YTD24 gross production of 40.2kb/d from the onshore Kurdistan Shaikan Field (80% WI, 36% net entitlement) and a current cash balance of $95m.
Following disruptions due to the Kurdistan parliamentary elections in October and the planned PF-1 shutdown in November, Shaikan field gross production has been ramped back up to 46kb/d.
Gulf Keystone continues to optimise well production rates to avoid traces of water and manage field declines estimated at 6-10% per year, with net 2024 capital of $20m and $7m monthly cost guidance reiterated.
The Company is finalising the 2025 work programme and expects to provide capital and cost guidance next month, with activity levels expected to be similar to this year.
Gulf Keystone continues to tread water from a financial and operations standpoint, with stable production levels that generate ongoing free cash flow that has enables $55m of aggregate YTD24 dividends and share buybacks.
The Company remains ready to restart exports, contingent upon reaching agreements on payment surety for future oil exports, the repayment of $150m outstanding exports sales receivables and the preservation of contract economics.
An amendment to the Iraqi 2023-2025 Budget Law regarding compensation for Kurdistan’s oil production and transportation costs is subject to approval by the Iraqi Parliament, which is expected to return from recess in January.
However, while management remains focused on its operations in Kurdistan, ahead of a restart to export pipeline operations Gulf keystone’s near-term options to realise Shaikan’s substantial reserves base remain limited though the cash on its balance sheet may provide leverage for transformational M&A.

[shortsqueezer] 11/12/2024 11:24

Fishnets for me ! :-)

[fardels bear] 11/12/2024 11:11

I'm a five denier kinda guy

[redbed] 11/12/2024 11:03

For those of you takeover deniers, on a fwd cash basis, think in terms of 140/170 m annual FCF of which they can distribute as dividends at least 75%.So 100/120m Annual dividends 2025 Only be at least 35 - 42p a share .That's fwd p/e 3.3- 4.LOLOLOLOver egged prior estimates!

[redbed] 11/12/2024 10:52

For those of you takeover deniers, on a fwd cash basis, think in terms of 140/170 m annual FCF of which they can distribute as dividends at least 75%.So 100/120m Annual dividends 2025 minimum 75/90p per shareSo trading at a fwd p/e of say 1.7LOLOLOL

[nestoframpers] 11/12/2024 10:48

This might explain Malikis disappearance

[steephill cove] 11/12/2024 10:48

ICG parliamentary special session coming real soon 🤔

No major blocker left to oppose now ✅

[redbed] 11/12/2024 10:39

Probably average 55-60kbopd once fully ramped up so FCF around 12-14 mill a monthNot that it matters anymore ...... Northbuck. Think it's more like 46000x(110 days)x $27 per barrel /100 ×36. Approx 44 million.

[northbuckslocal] 11/12/2024 10:37

Gazebo79. Tks. Of course, forgot the 36% nett. Amateur hour in my household this morning!! Cheers!

[habshan] 11/12/2024 10:33

OiliO - "Maliki had a heart attack apparently"



This is the translation:-

"He died after a heart attack."

[pittcock] 11/12/2024 10:33

Another 'heart attack'.I wonder if those standing in the way are getting the message yet?

[fairenough11] 11/12/2024 10:26

Timely.Thought he might have accidentally fallen out of an upstairs window.I think the big plans for Kurdistan have TRUMPED maliki's schemes seemingly.Good riddance if so.

[gazebo79] 11/12/2024 10:25

Northbuck. Think it's more like 46000x(110 days)x $27 per barrel /100 ×36. Approx 44 million.

[nestoframpers] 11/12/2024 10:21

Re Divis

664068

[0ili0] 11/12/2024 10:16

Maliki had a heart attack apparently 🤒

hxxps://x.com/ATRAKTCHI/status/1866707954247880797?t=XIAtffX5id4WEinap2L2qw&s=19

[northbuckslocal] 11/12/2024 10:14

I'm looking forward to the next dividend review in March 2025 which IMO we may be pleasantly surprised by.Why?, well Wlwith 110 days until 31 March 2025 and using very conservative figures of 34,500bopd (December gross average production per day - we are now at 46k) and $27 bbl, GKP set to earn approx $102 million. Minus from this monthly ops ($7 million) and averaged annual capex costs (circa $2 million per month), brings total costs in the region of $33 million which should leave (on paper at least!) circa $70 million profit. Happy to be corrected here if others disagree with these figures.We have $95 million in the bank as of yesterday. Obviously a lot can change in the next 3 months (for the better and the worse) but I'm quietly confident it will be a nice payout and significantly larger than the $10 million Divi paid in July 24. Happy to be contradicted. All adds to the debate!!

[fardels bear] 11/12/2024 10:02

Have you a source?

[highlander7] 11/12/2024 09:19

Sounds like Maliki has lost the power struggle. Great news if true.

[fardels bear] 11/12/2024 09:15

Because that would be the height of crass commercial stupidity. Nobody involved in ANY M&A activity would do that. Idiot

[nestoframpers] 11/12/2024 09:11

What a difference here if Maliki went 15 years ago.

[bang_gone] 11/12/2024 08:58

46,000 and ramping up from PF1 optimisation.I reckon 60k is where they will be by mid Jan update .So even on local sales a very strong cash generator.Not that it matters , it?s sold.

[antondec] 11/12/2024 08:53

Oh look - the company is in a holding pattern, maintaining financial discipline as they navigate a tricky macro-economic situation. They are showing prudence and patience and rewarding long term holders as best they can. As any good BoD should ...

Amazed they did not mention the sale they agreed 10-5-2-1 years ago that is going to complete in the next two weeks (BANG GONE SOLD BY XMAS TAKE IT TO THE BANK)

What could be the reason??????????