Member Info for bdgm

Kurdistan news is saying production is for local refineries and domestic consumption, pipeline exports remain unresolved.

I would have thought quite a few people on this forum hold their GKP shares in a stocks and shares ISA. Its useful to be reminded of the changes coming with the ISA.

Starsalign, Thanks for the reality check, I was starting to get carried away, I could see the £££ signs,

$55 - $60 Netback, Is that based upon Brent at the current $71 ? If so that would suggest discount to Brent reduced even further, Down to $11 to $16.

" They've previously indicated that they can manage drilling 3-4 wells a year. So 16-18 will be spread out over 4-5 years presumably."

I'm sure that last year they were talking about 8-10 wells, does anyone else remember that ? Now it seems to have doubled. I wonder if they are thinking of having 2 rigs drilling . Now that would make a big difference, increase to 100,000 bopd in two and a half years.

Van Van, my interpretation of that is that its not connected with the amount payed in dividends, approach suggests something different than amount. Are they considering changing to Quarterly dividends ?

Its on the" Investor meet Company" platform

They seemed to want to sit it out with local sales until they could see that the full transition to export prices was in place. Have a listen, think the interesting bits were mainly the Q and A at the end

Just listened in to the Genel update this morning. Although i'm invested in GKP but not Genel i thought i may be able to pick up some indications of how things are moving forward. On a positive note was what i said yesterday about the mobilisation of rigs for a drilling campaign. Today was disappointed to hear that there had been no forward movement on agreeing a payment plan for the arrears and also no recent meetings to discuss the subject.

Interesting update from Genel today.

"The process for mobilisation of rigs for a sustained drilling programme is well underway, with that programme targeting additions to both production and reserves "

Starsalign, I don't see that statement as having anything to do with WHO pays. It simply shows what happens under the terms of our contract.

When Oil price is higher, Max revenue is higher so our allowable max 40% cost oil is higher

"Recovery of past costs will accelerate at higher oil prices, incentivising investment to grow production"

Cost Oil recovery is a maximum of 40% of Gross revenue post Royalty . When oil prices are higher then Gross revenue is higher, hence the max 40% cost Oil recovery is higher.

Putup, You say the Oslo listing will take place when the market and price is right. I really dont have a good understanding of Equity Capital Markets and wondered if you would be able to explain in a bit more detail what you mean by the right market and price. Cheers for your help.

Putup, in the video i've just linked below JH refers to IFRS European and UK, is he wrong in what he's saying ? its at about 6.30 mins in.

Https://tv.finansavisen.no/nb/watch/4491?zephr_sso_ott=PJeWvZ

Putup, i had thought that the need to report to IFRS( Europe) for the Oslo listing as opposed to IFRS(UK) meant we would have to wait for the 2025 final year results in mid March for that to be done. What do you see as the factor/s controlling the Oslo listing ?

Oslo listing towards the end of March, once the 2025 Full Year Results are out

Whl2, Yes noted that but there must be some information they have for them to reduce the discount to Brent they are expecting. A few months ago it was less than $25, now they are happy to say less than $20.

Thats a big difference from the last guidance Jens. On $65 Brent, a realised price in excess of $45. Suggesting a discount of less than $20. Thats a very big positive.

The latest guidance i have seen on this is " less than $25, with opportunity to tighten further" JH did suggest in an interview $22/$24 discount to Brent.