Gulf Keystone Petroleum is an independent oil and gas exploration and production company. It was founded in 2001 by UAE, Kuwaiti, Saudi and US private equity. It is now operated in the Kurdistan Region of Iraq.
Of course the KRG are in charge and need to be kept sweet. But these are multimillion pound contracts which we say are legally binding. Either they are of they aren't. This BIR thing has always been the thing that surprised me most. Who would just relinquish several hundred million dollars just to be "friendly" to the other side of the contract and someone who didn't also pay their contractual dues anyway. How far off is the day when someone sues the KRG for payments? Can't go on like this for ever can it?
Why speculate? It's clear why they have not been awarded within the timeframe if it's the likes of Chevron given the current political negotiations. The Spur / pipeline etc is part of KRG cost under the 40% infrastructure tax.
your up very early this morning mate,have you wet the bed or something,have a good day mate, cheers speak later of out to work.
In light of the CPR are they ? Am i right if BIR expire they return to Gkp? Have they ? Or have they been negotiated away in exchange for ? At ID TK was lauded for saving the co. $350m by visiting the MNR and negotiating the building of a spur, was BIR the trade off. Speculation of course but at the time it was a one man board, that cant happen anymore. I called it the 'pretty woman' syndrome. KRG say who when and where. :)
Make shorting stocks in UK Illegal
worth signing this petition http://epetitions.direct.gov.uk/petitions/62851
You're right about those IOUs. Now give me a good (and I mean very good) reason why we haven't claimed those back in rights have expired as per contract. They are worth a fortune......
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