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Gulf Keystone Petroleum Share Chat (GKP)

Share Price: 4.90Bid: 4.90Ask: 4.96Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.06Spread as %: 1.22%Open: 4.96High: 0.00Low: 0.00Yesterday’s Close: 4.90

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Posts: 1,425
Opinion:No Opinion
This time
Today 20:20
Ccc on iii. Talks on oil agreement.
The interesting thing for me is the order of things, that the icg has agreed to talk to the krg. IE the krg instigated it and are keen. What with the imf's stipulations, things could, should hot up.
Posts: 61
Off Topic
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Zahawi = ****
Sun 09:31
FYI, according to Mr Zahawi's disclosures on he owns (or owned) Genel shares in 2013, and also did work for Talisman Energy & Afren in 2012 & 2013.
He also travels regularly to the Kurdistan Region, with flights & other expense paid for by the KRG.

Ignoring any domestic Kurdish political motives behind this article, there are plenty of facts that stand up herein, and are on the record.
The great shame for Gulf Keystone (GKP) shareholders, many of whom have been invested in the company since early 2009 before GKP even had success at Shaikan, is that their support for the company has led to support for, & a far greater awareness of, the Kurdish people and their aspirations.

We all remember well the 'good old days' of the struggle with Maliki & Shahristani etc, and endless rounds of talk and broken deals, and the KRG had our voluble support.
And most of us understood the hardship and difficulties you have all endured as a result of daesh, the withholding of budget payments by Baghdad, and now lower oil prices.
We could understand with and sympathise with that, and therefore accept that GKP would not be paid its contractual dues immediately.
However, the lack of payments dragged on for far too long, forcing GKP to borrow to remain in business. Now those debts are being called in, and as a result shareholders are facing losing 95.5% of their investments to the creditors (bondholders), among whom are KRG, UAE, and UK entities acccording to the International Business Times.

The oil produced by GKP was sold by the MNR for hard $s, only possible because of the original investment in exploration & development by GKP shareholders, yet 100s of $millions are still owed to the company, one of our best licenses has been handed back as GKP has no cash to develop it, and now shareholders face losing almost everything. Great advert for business in Kurdistan, not.
Posts: 815
Off Topic
Opinion:No Opinion
From CCC on iii
Sat 18:33

GLOBAL ENERGY NEWS | Sat Aug 27, 2016 5:22pm IST
Exclusive - Iraq plans to sell oil through Iran if talks with Kurds fail
By Stephen Kalin | BAGHDAD

Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.

Iraq's State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly next week, about Iraqi oil exported through Turkey, Deputy Oil Minister Fayadh al-Nema said in an interview on Friday evening.

"If the negotiations come to a close" without an agreement "we will start to find a way in order to sell our oil because we need money, either to Iran or other countries", he said by telephone.

Iraq, OPEC's second-largest producer after Saudi Arabia, depends on oil sales for 95 percent of its public income. Its economy is reeling under the double impact of low oil prices and the war against Islamic State militants.

The Kurdistan region produces around 500,000 barrels per day (bpd) on its territory and exports those volumes via Turkey. Baghdad would not be able to reroute those volumes to Iran but could order shipments of some 150,000 bpd via Iran that are being produced in the nearby province of Kirkuk.

An agreement between Iran and Iraq could function in a similar fashion as oil-swap deals Tehran has had with Caspian Sea nations, according to an oil official who asked not to be identified.
Posts: 815
Off Topic
Opinion:No Opinion
Sat 18:30
Have a re-read...
Do I need to say more...
@aljazeera @AP@BBCWorld@FoxNews@nytimes@Reuters@skynews

IS GKP failure Market manipulation or corruption, ponzi scheme or worse. Dual passport holders + MP?
Posts: 373
Off Topic
Opinion:No Opinion
small cap
Sat 09:10
all crap gkp rpt hawk solo skr rubbish share buy lrd inch l&g and make gains
Posts: 95
Opinion:No Opinion
RE: today
Fri 20:46
Sam Wahab, never mentions the corruption, is this because Cantor also benefit from this?
Posts: 1,643
Opinion:No Opinion
Kurdish Journalist Abducted, Killed
Fri 11:43
Posts: 7,563
Off Topic
Opinion:No Opinion
RE: no message
Fri 10:33
Has been for about 5 years now.

Shit company, no friends?
Posts: 3,663
Off Topic
Opinion:No Opinion
no message
Fri 10:22
Its 10.20 no post on here . Is it a news black out ?

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