Just looked at this for the 1st since very early Monday morning and got a pleasant surprise to see a 1.5p rise over the week and then saw basically the rise was just about all due to today, Been a great week weather wise but still see so many still addicted to posting on here. Get your life back and just check out this site weekly,would save you lots of stress and petty arguments.
IRBIL, Iraq (AP) -- The hall for the Irbil Oil and Gas Exhibition this week was crowded with company displays, executives and investors. But conspicuously absent were international oil giants like Shell, Exxon-Mobil and Chevron that only a year ago were eager to exploit the promising reserves of Iraq's autonomous Kurdish region.
The threat of Islamic State group militants, who have swept across much of northern Iraq and are battling Kurdish forces only miles away from the Kurdish capital, Irbil, has dampened international interest. The security threat only increases oil companies' doubts, on top of falling oil prices and disputes between the Kurds and the Iraqi central government in Baghdad. At the exhibition - the main oil and gas industry gathering in the Kurdish region - slick displays with giant video screens advertising oil services companies and drilling equipment fill the hall festooned with Kurdish flags as young men in suits bustle around importantly.
But the event, which ends Saturday, just can't compare to past ones, said Baryam Akdogan of the Turkish Teffen Contracting group. "In the previous years, I saw the exhibition had much bigger participation from oil companies," he said. The Kurds estimate their autonomous region in northern Iraq holds some 45 billion barrels of oil and have made no secret of their desire to use this potential source of income to fuel further independence from the central government. But thanks to lower oil prices and instability, those dreams of financial independence may be farther away than ever.
"You have a security backlash, especially with the oil and gas international companies, (since) most of the fields were located in the disputed area, where the Islamic State is near," said Arian Barzan, of the Kurdish Qaiwan oil company at the exhibition. "Those guys are not willing to risk their employees' lives, so they pull back." While Kurdish oil is easy and cheap to extract, its attractiveness has waned not just because of the deteriorating security situation, but the 50-percent drop in oil prices in the last six months. Then there is the opposition from the central government.
In early 2014, the Kurdish region began exporting its oil directly to Turkey without going through the central government. That immediately provoked an angry response from Baghdad, which cut off the 17-percent share of the annual budget normally promised to the Kurdish region and began suing companies seeking to directly buy Kurdish oil. "For the international oil companies, the attractiveness is linked to the amount of money they are going to get out of it and as it is, the Kurds can't pay the oil companies there right now," said Kirk Sowell, a politic
Looking forward to reading your thoughts about GKP share price from your crystal ball, although I enjoy reading also your research papers. Please stay out of trouble and keep well. Ciao bud and grazie.
30th March and the 16th April were the last times we closed at 40p...but not above.... It really doesn't look sufficient enough at the moment. Would have been better to have gotten the bid price over the 40p instead of on it. Volume quite low for GKP...it really would not take much to push it gently back in to the 30's again..... More interesting was that the offer got taken @ 40.75p a few times and the bid @ 40.50p quickly got taken...so, its a very narrow ledge we are standing on presently. However, we are very close to an excellent gripping point at about 41p, looking up...:-)
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