Gulf Keystone Petroleum Share Discussion Threads

[wester1] 28/12/2024 14:10

There is no way the Board of Directors should raise court proceedings against Iraq without also informing its shareholders via a RNS. Hence I suspect it cannot be correct unless the companies have simply intimated a claim by way of a lawyers letter, before proceedings occur. If there is no RNS on monday, my view is that the press have it wrong.

£24bn sounds too high-I doubt the companies would be suing for loss of turnover, but rather would be suing for loss of profit.

As a shareholder I do hope the claim is true, but have legitimate doubts.

[putup] 28/12/2024 13:41

#gkp #gkptakeover
CEO 'Stay Bonus' paid in January expect acquirers only sanction this if deal completed
@Gulf_Keystone
most value accretive action is to have bought + cancelled as much stock as poss pre T/O Expecting off/on mkt block purchase announcement

[putup] 28/12/2024 13:40

Every chance:
(b) By deleting Byelaw 4 and replacing it with the following:
“4. The Board may, at its discretion and without the sanction of a
Resolution (i) authorise the purchase by the Company of its own
shares for cancellation or acquire them as Treasury Shares in
accordance with the Companies Acts on such terms as the Board
shall think fit and (ii) exercise all the powers of the Company to
purchase or acquire all or any part of its own shares in accordance
with the Companies Acts.”

[renewed1] 28/12/2024 13:20

No Chance
Would have required an RNS from the company.

[putup] 28/12/2024 12:28

#gkp #gkptakeover
CEO 'Stay Bonus' paid in January expect acquirers only sanction this if deal completed
@Gulf_Keystone
most value accretive action is to have bought + cancelled as much stock as poss pre T/O Expecting off/on mkt block purchase announcement

[habshan] 28/12/2024 12:04

Last Monday, a few days after the Karkh Appeals Court ruling saying that the contracts are legal enforceable and binding, Shafaq News quoted the economist Nabil Al-Marsoumi as saying that the IOCs had made a $24 billion compensation claim. Since then I've seen articles about it in half a dozen small Iraqi media outlets but only as a cut and paste of the original quote, there's been no independant corroboration and nothing from any of the involved parties to either confirm or deny it.

The following is from the al-Arab newspaper which mentions "Iraqi sources familiar with the oil issue", but it's weird that it still hasn't been picked up by the mainstream media.

$24 billion is a colossal amount of money in anybody's language and if somebody sued the US or UK government for $24 billion it would be all over the front pages.

And not a peep from the ICG the MoO the KRG or APIKUR.

NOBODY will be unaware of the Shafaq News report, it's just been left hanging there as though everybody is afraid to mention it.

Al-Arab 28/12/24 on Draw Media:-

"🔹Iraqi sources familiar with the oil issue say that at least (9) international oil companies have begun efforts to obtain large compensation, due to the damage caused by the suspension of oil.

🔹It is expected that before the Iraqi authorities to resolve the political, legal and technical obstacles to the resumption of oil exports, the companies will take their complaints to the international courts. The bill has affected the mood of the streets and will motivate them to protest against their poor living conditions, which has been reflected in the strike movement of employees in several sectors that has emerged for some time."

[jackpotjack] 28/12/2024 11:39

So anytime then....

[redbed] 28/12/2024 10:32

#gkp #gkptakeover@Gulf_Keystone entered sales implementation agreement long ago... stipulates the precedents and conditions 2 parties require pre public sale closure.CEO "STAY bonus" a condition requirement of buyers.Hence AGM resnPaid in January = DEAL DONE???https://x.com/GoodnightCharl1/status/1872580567847563597?t=p5VguhBBECjKLrSElYYrxg&s=19

[redbed] 28/12/2024 10:32

I think SINOPEC sit behind the Stichting.Value partners is a major Asian investment manager based Hong Kong.

[fardels bear] 28/12/2024 10:25

He might have several million in Gilts

[khorsiangchew] 28/12/2024 09:26

Redbed "it is the only stock I own"

I hope u r right and that "smart guys think alike" is correct here and not "fools seldomn differ"

[redbed] 28/12/2024 09:14

I think SINOPEC sit behind the Stichting.Value partners is a major Asian investment manager based Hong Kong.

[fairenough11] 28/12/2024 08:44

September will come whatever.More pressing thoughts for me are,given that legitimisation is now rock solid,when will proxi,stichting holders publicly show their hands?Any deal/corporate news will come out of the blue imo.Before or after the pipeline reopening?That's what's on my mind right now.GLA.

[nestoframpers] 28/12/2024 08:26

Whi can tell H7 Turkey is muscling in due to the PKK but KRG are anti PKK already . Also makes the pipeline charges higher if there are multiple bidders .Usual ME camel trading . KRG will be talking to prospective Erdogan replacements hoping for a more reasonable grown up attitude towards KRI.

[bang_gone] 28/12/2024 08:14

#gkp #gkptakeover@Gulf_Keystone entered sales implementation agreement long ago... stipulates the precedents and conditions 2 parties require pre public sale closure.CEO "STAY bonus" a condition requirement of buyers.Hence AGM resnPaid in January = DEAL DONE???https://x.com/GoodnightCharl1/status/1872580567847563597?t=p5VguhBBECjKLrSElYYrxg&s=19

[bang_gone] 28/12/2024 08:14

#gkp #gkptakeover BG /Shell in confidential merger agreement 5 yrs before publicaly announcing sale.@Gulf_Keystone in agreement long time too.Resn 10 stops boots on ground immediately quitting work+ deferring their option windfall over 3 years.At buyers insistence.https://x.com/ChicagoJack5/status/1872612719075164263?t=il4_lnxWBSizcLuo7OGw1w&s=19

[bang_gone] 28/12/2024 08:14

All good stuff but irrelevant to the outcome here.The company is obviously sold TBA

[highlander7] 28/12/2024 04:45

The big issue now is are they serious about a solution or are they going to be bloody minded and play this out to September ?

[36redhill] 27/12/2024 23:13

Didn't say which Christmas though did they? ?

[johnbuysghost] 27/12/2024 17:28

Nice finish. Everybody wants a piece of the action.

[beernut1] 27/12/2024 16:16

Price holding into close on a Friday. That doesn’t happen much. Gla

[redbed] 27/12/2024 15:09

All good stuff but irrelevant to the outcome here.The company is obviously sold TBA

[nestoframpers] 27/12/2024 13:36

Excellent negotiation barrel to put MNR over . Is it a ploy though as Syrian oil is getting to market as it is .