Would be funny if a Lemos tanker pulled up in Ceyhan 🧔a94;️⚓65039; |
https://x.com/thenewregion/status/1888887827972206822 The Iraqi Ministry of Oil revealed on Monday a joint program to develop Kirkuk oil fields regarding gas production, saying current production amounts to 3,200 million cubic feet per day, of which 60-65 percent is invested while the remaining is flared"It is planned to reach zero gas flaring in five years," the Undersecretary of the Ministry Ali Maaraj told state media |
I'm following the progress patiently but think March will be a month of visible action and resulting share price Before March will be a bonus. |
Singer was probably part if Hamiltin capital?
Funders were Lemos bros named as Andonis and Philipos, sole owners Other funders black robe , platinum, Hamilton Capital |
Looks like the "jigsaw" is taking shape.
Expect the unexpected---or maybe it's expected lol. |
For anyone interested in charts! https://x.com/AlaliQasem/status/1888882368716456262 GKP ? shows bullish momentum! Immediate resistance: 190-195. Fibonacci targets: 234, 266, 317. Strong breakout potential above 200! Watch volume & RSI for confirmation. ? #Stocks #Oil #GKP " |
nestoframpers - 28 Oct 2019 - 10:47:21 - 593281 of 718602 Black Robe Company Advocates & Legal Consultants. @BlackRobeCo Managed by Consultant lawyer Imad Saeed who is the Owner & CEO, Economic, political analyst & Former candidate for the presidency of the republic of Iraq. nestoframpers - 28 Oct 2019 - 10:43:31 - 593280 of 718602 'Black Robe' have their fingers in all sorts of pies |
Its more than a coincidence ✅
Just like it was a more than a coincidence when a man who spoke in a filmed GKP AGM talking about the Shaikan field data was latterly exposed as a BP employee who worked on oil reservoirs for them 🎯😆 |
Habshan==What an incredible coincidence.Cheers.
Those names take me back. |
![](https://images.advfn.com/static/default-user.png) Paul Singer, now there's a blast from the past, he was a backer of Excalibur and the Wempens.
Paul Singer knows exactly what's in Shaikan and he's just taken a stake in BP.
170326 - "Who is behind Excalibur- is it Tillerson? Astispurmanti and the KRG?. The First American Company into Kurdistan was Prime Natural resources backed by Paul Singer's hedge fund Elliott Associates with its ties to Texan Oil, and before Hunt entered the fray, it was the forerunner for the Americans."
CNBC - "BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major".
Published Mon, Feb 10 2025.
"BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could pressure the energy company to shift gears on its core oil and gas businesses.
BP stock was up 6.81% at 8:36 a.m. London time.
The company has declined to comment on the reports, which do not specify the size of the stake accrued by Paul Singer’s hedge fund. CNBC has reached out to Elliott Management for comment.
The British oil major, which is set to unveil its fourth-quarter results on Tuesday, last month issued a trading update warning of higher corporate costs, lower fourth-quarter realized refining margins and one-off charges linked to its bio-ethanol acquisition." |
We dont need another book on the Gulf Keystone Saga because we already have one ....
"The Prize: The Epic Quest for Oil , Money and Power. By Daniel Yergin
The same Daniel Yergin who used to be an advisor to GULF KEYSTONE.
Just a coincidence tho ....right ?
LOL |
https://x.com/GoodnightCharl1/status/1888609340006838320?t=fqw7S6CgmD_l93Ql-hMQBw&s=19 |
Just a wee diddy. |
He doesn't even know what SKAT is 🙄 |
"Am scared to ask, but who/what is "Wee Jamie"?"
BroadfordBay. He's apparently a Scot and his friend and even more clueless fellow troll Oilman63 called him jamie.
Wee jamie spent a lot of time trying unsuccessfully to convince us that Bigdog "is a useful contributor to the board", which tells you all you need to know.
The three of them spent the last 16 years telling us that Kurdistan and GKP are basket cases and that Shaikan is nothing more than a hyped up scam devised by Todd Kozel to enrich himself and diddle his wife out of a divorce settlement bla bla bla.
One day somebody will write a book about all this and you'll find it on the bookshop shelves marked "Fiction" because nobody except us that have lived through it will believe a word of it. |
Am scared to ask, but whowhat is "Wee Jamie"? |
Wee Jamie....all the way from the Isle of Skye. The kilted donkey 🥱 |
![](https://images.advfn.com/static/default-user.png) Probably posted already but just in case...
The Iraqi Parliament's Legal Finance Committee has confirmed that no fundamental changes have been made to the budget law, saying the amendments are related to Article 12 on the cost of oil extraction in the Kurdistan Region.
Sunday, February 9, 2025, Mustafa al-Karrawi, a member of the Finance Committee of the Iraqi Parliament, said: "The amendments sent by the prime minister and the Council of Ministers were limited to Article (12) related to the cost of oil extraction in the Kurdistan Region.
"The amendment is scheduled to come into force soon, allowing the resumption of oil exports from the Kurdistan Region through SOMO to the Turkish port," he said. "According to the recent amendments, there are no fundamental changes Budget to reactivate several previous specialties and content.
Last Sunday, February 2, 2025, the Iraqi parliament met in the presence of 176 members to vote on several bills and amendments to several laws, the most important of which was the amendment to the budget law.
The meeting voted to amend the federal budget for the years (2023, 2024 and 2025), thus, according to the Kurdistan Workers Party (PKK) MPs, there is no excuse for not exporting oil from the Kurdistan Region. |
"458 millions barrels is ultra conservative mind. Next year we may see upgrades to this alongside a revised field development plan."
That's only what's in the small volume of the field that was assessed for the 40k bpd Phase zero development plan. The rest of it is irrelevant to current reporting as it will not be developed under Phase zero.
We could have ten times that much, plus the gas.
And this from the FYR of 23/3/23 just before the pipeline was closed and all field development ceased.
"We continue to develop the Jurassic reservoir and advance towards approval of the FDP."
So it sounds as though the next FDP had already been submitted and was awaiting approval. |
458 millions barrels is ultra conservative mind. Next year we may see upgrades to this alongside a revised field development plan. |
True JBG . JG said they'd be able to drain the entire field from 32 drill pads using directional drilling . |
"Shaikan is the prize. Everyone knows."
Not everybody, Broadford hasn't a clue.
Broadford 15th August last year:- "From DNO: "...To prepare for investments across its portfolio, INCLUDING ACQUISITIONS, the Company issued a new USD 400 million five-year bond..." (CAPS are mine). DNO coming back - maybe this time offering a bit more, 50p/bbl for proven reserves?"
So.
The going rate for proven reserves seems to be around $1billion or more per 100 million barrels, or $10 a barrel.
But wee jamie thinks that Shaikan's proven reserves are worth not $10 a barrel but 50p, or 62 cents.
So he's out by a factor of at least 16.
And the following from 11 days ago works out at $15 a barrel:-
Tullow - "Independently audited 2P reserves at year end 2024 of 164.5 mmboe valued at c.$2.5 billion."
GKP are currently reporting 458 million barrels of 2p reserves.
So using the same metric would value ours at $6.96 billion or £5.57 billion.
Which is £25.66 per share. |