Member Info for GKPSOLD

CCC.
Thank you and nice find.

Nobodyspecial.
This stinks of inside of trading...... Something tells me TK knew the SP was on it's way down.
At least the judge knew what was going on........

'The former couple signed a settlement four years ago that required Todd Kozel, former CEO of Gulf
Keystone Petroleum Ltd., to deliver 23 million shares of the company to his wife by a January 2012
deadline. He transferred the shares five weeks late, and a big change in the stock price led
Donnellan to award Ashley Kozel $34.6 million for the delay.'

WildRider.

There's that '30%' again, that must be the KRG cut that was mentioned in the Oilprice article.

'please note the 30% contingency
please note also that no mention is given on the GKP spending share MOL and the KRG spending capex is included in that slide. It's all about perception'

Nobodyspecial,

TK's still not in the clear yet mind. He's facing charges for the methods he employed during his divorce, to keep Ashley Kozel from getting "her" half of the $100m worth of GKP shares that Gokana sold.

If I remember correctly GKP and the word Gokana were very opaque and at the time GKP LTH/market were told after Gokana off loading a lump of shares. I don't know if it's prosecutable on US soil being a UK listed company but doesn't that sound like inside of trading?
In the US they lock people up for that but here in the UK it's generally a slap on the wrist by the FCA with a stern warning of 'it's your round in the Pub later'.....

Personally - I think the American people would love to know why the KRG are allowed to bully and intimidate an American Oil company in the Kurdish region of Iraq.
The KRG wouldn't be in power, if it wasn't for the US.

Reference ALL your emails as.
KRG of Iraq - corruption against their Own people and the American people.

https://www.foxnews.com/politics/trump-issues-stark-warning-to-iran-after-reports-of-plot-to-assassinate-us-ambassador

nufc9:
GKP are actually producing.
One of the GKP stolen blocks were producing , not alot but were producing.

What did TK say about Shaiken.... I can't remember word for word so I wont try, but what I do remember, he didn't use the word small or even medium.
TKs family are an Texan Oil family that go back generations, I don't believe a man of that caliber would make a laughing stock of his family for generation to come.
Like Dynasty Petroleum CEO (another Texan) was not going to be bullied by the KRG and took them to court.

As the US election is about 6 weeks away, I only hope that these petro companies are lobbying TRUMP organization to make something happen in Kurdistan.

And to make something happen in Kurdistan you will need to dispose of the current KRG.
I know every country in some way is corrupt but they all seem to play the game, so when you read about western companies like REPSOL/ Dynasty Petroleum getting intimidated by the KRG .

I only hope the lobbying to the TRUMP organization is hard and to the point, as the KRG need to made accountable.

nufc:
'....An intermediary for Turkish energy minister Berat Albayrak showed interest in Tawke, Taq Taq and Shaikan, but at half the KRG's proposed price, and did not respond on gas or Khurmala.'

The only reason the Turkey offered half the KRG proposed price.
As state in the Oilprice article, any prospective purchaser has to take into account the 20-30% going straight to the KRG back pocket.

KRG serve no purpose but for their own.

nufc:
Great idea....
Unfortunately - one of the most diligent GKP LTH was MIKEYADMIN (RIP) and he is no longer with us.
CCC - was another diligent GKP LTH who use to issue news articles to the chat room (thank you) and I suspect this type of person would have kept all of GKP issue news and RNS (as somebody on the chat room highlighted) because our trustworthy GKP management had a habit of removing and changing info on their web site.
From what I learnt from this person, was they were about the New and Information only and never the man, which is commendable when the trolls used to round on him.

Invstrat: (or head will roll)
I live in hope.

We only have to look at Lebanon, the people are fed up with the corruption and bloated politician.
It wouldn't take much to expose the KRG and the people would do the rest they 'wouldn't be let back in Kurdistan again' LOL. And the US would totally be against the use of their US supplied military hardware being used on their own Kurdish people.

They (KRG) seem to like throwing their muscle about to Western companies REPSOL.

Why are they in power, when they serve no other purpose but for their own.

I would love to see a Kurdish up rising as where would the KRG run too, who would have them.
They've have stolen from or annoyed most countries in the West and middle east. And like the west, most haven't got a control of the covid virus.

I live in hope.

Invstrat:
Firstly - anything levied at Hawarami by the impotent LCJ powdered wigs will be easilly swept aside as he is above UK law, and far too clever to be caught without an escape route (his UK properties and involvements will have long since been protected).

We've seen it in the past, these corrupt leaders gauging on the proceed of their people... Because they are treated like demigods in their region (because they've probably hand out a few few food hampers around Eid the way the drug dealers did in Harlem NY in the 80s), they almost forget they are on the world stage and who is protecting them.

Invsrat: Thirdly- Big Oil will not touch this infestation as they know the dice has long since been loaded, and the inevitable result is in the bag.
The only reason the KRG are in the position they are in, is down to the US.
In the news recently the US deficit hit $3 TRILLION USD.
IMO, it wouldn't be that far fetched to see the US turn on the KRG, we have experienced first hand of KRG gluttony and corruption and this has deprived there people and the region of any prosperity for well over a decade.
Lets not forget about the opportunities to the US.
When you compare the available petro opportunities in the Kurdish region and what they have achieved in the last decade, it's nothing short of pathetic.
The KRG have highlighted that they are polar opposite to the way the US think and operate.
Capitalism Baby! Capitalism that's the way the US think. The ICG might have there issue but they have big oil and that means the US are making money.

Past behavior is a good indicator for future behavior and the KRG has never let us down.

The KRG have exposed themselves to be totally un reliable and IMO the US can't and wont operate like this in the future.

Who in their right mind would trust the KRG, you wouldn't know what they were up too.
You could be 5 years into a US driven redeveloping programme of the region, 'BIG Oil' etc. The US trying the crawl back the $3 TRILLION USD deficit when one of the unreliable KRG would through a spanner into the works.
KRG -sorry US we forgot to mention that we approved a petro tunnel from CHINA and they should be breaking Kurdish ground any day now....(I wouldn't put it past them)

IMO there is going to be some changes in the region, with that in mind I believe the KRG will not last in their current form.

A few weeks back the news of Saudis and Israel are to normalize their relationship.
And now we have Bahrain.

I’m not a war monger but forces seem to be aligning.

I remember in times past, Saddan Hussein and Colonel Gaddafi were friendly with the US.
And look what happened to then.

Invsrat:
Over time my sympathy for the Kurds have all washed away.
IMO they are no different to ISIS trying to do a land grab...
I read an article some time back the KRG have created there own little caliphates around the middle east.
Turkey has one of them..... no wonder they p###ed of with then.

They have played the sympathy card for to long.

And now these poor KRGs that needed the Wests help from being obliteration by ISIS.

Are going to screw the West over.

slingsandarrows:

The article first published at Oilprice.com
(lawsuit was filed on 14 August at the U.K. Royal Courts of Justice).
As little as 4 months after the lawsuit (a short time period in legal terms) was filed, the world woke up to the Corona Virus.
Since then the world has been in lock down due the pandemic.

(The evidence as presented in the court papers appears compelling and, given that the same U.K. court granted UAE-based Crescent Petroleum and Dana Gas a landmark verdict against the KRG, it is expected that a similarly positive result will be awarded but in a much quicker timeframe, given that the legal precedents are now fully and clearly laid out in that jurisdiction and court.)

Profit:
No, IMO the article highlights the lenghts that MNR/KGR are willing to go too, to be in control.
Now, control can be in many forms as stated in the Oilprice article..... (according to the ‘Particulars of Claim’ report on outlining this case to the Royal Courts of Justice and obtained by OilPrice.com – a systematic campaign of harassment and intimidation against key figures in Dynasty Petroleum began.).

I've always wondered, who are these people with the huge short positions taken out on GKP..
GKP LTH, we were all lead to believe that GKP we up for sale and how much GKP could be valued at.....
So what outside entity would risk/gamble that much money , (on a level playing field) knowing the share price could rocket on whispers of a take over.

'Although the case unusually seeks to indict Hawrami personally, '.
If this is the case then GKP management should be dragged through the same process.
Freeze their Salaries/ Pension/Bonuses/ Share option.

OilPrice.com can exclusively reveal that a lawsuit has been brought against the government of Kurdistan (the KRG) – and also personally against the former Minister of Natural Resources, Abdullah Abdul Rahman Abdullah (commonly known as Ashti Hawrami) – alleging a range of illegal practices.

This lawsuit was filed on 14 August at the U.K. Royal Courts of Justice (specifically, The High Court of Justice, Queen’s Bench Division, Commercial Court) by the Dynasty Company for Oil & Gas Trading Limited (Dynasty Petroleum). It alleges, among others: ‘Conspiracy to injure Dynasty by unlawful means’, ‘Unlawful interference’, ‘Unlawful intimidation’, and ‘Inducement to breach contract’.

Although the case unusually seeks to indict Hawrami personally, OilPrice.com understands from a separate anonymous source that the allegations made by Dynasty Petroleum are entirely in line with the standard modus operandi Hawrami has employed since he first became the Minister of Natural Resources in 2006. Dynasty Petroleum’s problems began when it refused to pay any illegal payments.

The article first published at Oilprice.com
https://ekurd.net/lawsuit-filed-against-kurdistan-2019-08-21...

Does this sound familiar.... I'm sure it would have been stated if REPSOL weren't being asked to repay £10M
“take the contracts [PSCs] back from Repsol”, but GKPs management thought it was best for GKP shareholders that we pay £10M to return these block to the MNR/KRG. Didn't we need that money to save us from the bond holders??

See below a paragraphs extracted from article.

Such a request that Lahur use force to coerce Ali into cancelling the SPA was again made by Hawrami a few days later, at the end of May. At both of these meetings (on 4 May and 29 May), Hawrami specifically and expressly stated that he wanted to “take the contracts [PSCs] back from Repsol” so that he could to re-sell them, according to the court documents exclusively seen by Oilprice.

The article first published at Oilprice.com
https://ekurd.net/lawsuit-filed-against-kurdistan-2019-08-21...
See below a few paragraphs extracted from article.

IMO when you read the last paragraph, why didn't/hasn't GKP management taken legal action against the MNR/KRG or ICG. IIMO if the same could be said of GKP, THEN GKPs management (s) have been complicit every step of the way and that their pension/bonuses/share options should all be frozen.

According to various independent studies, the Topkhana and Kurdamir sites together have estimated contingent (2C) initially in place resources of 2.6 billion barrels of light, low sulphur oil and a condensate rich gas cap of 7.2 trillion cubic feet of low CO2 and H2S gas. Significant further upside potential exists within the shallower Miocene, deeper Eocene, Cretaceous and Oligocene footwall formations, in which well tests have indicated additional liquid resources. Once the planned development phases have been completed, expectations from the previous and would-be developers are that the combined crude oil and condensate production from Topkhana and Kurdamir will be at least 25,000 barrels per day and up to 600 million standard cubic feet per day of gas as well.

As it stands for the Dynasty Petroleum case, the KRG and Hawrami have 21 days from the date on which the legal submission is stamped and marked for consideration to respond. Dynasty Petroleum is suing for ‘”not less than US$1.5 billion” according to the Court documents, as this figure represents the loss of value to Dynasty Petroleum of the project not going ahead as agreed and as planned.

The evidence as presented in the court papers appears compelling and, given that the same U.K. court granted UAE-based Crescent Petroleum and Dana Gas a landmark verdict against the KRG, it is expected that a similarly positive result will be awarded but in a much quicker timeframe, given that the legal precedents are now fully and clearly laid out in that jurisdiction and court.

The article first published at Oilprice.com

The article first published at Oilprice.com
https://ekurd.net/lawsuit-filed-against-kurdistan-2019-08-21...

You could pretty much change the name of Dynasty Petroleum with GKP and they wouldn't be much dissimilar....
It's also interesting to note that Dynasty Petroleum is a Texan company, love him or hate him, wasn't our man TK Texan.
IMO this is the real reason why TK wasn't allowed to the party, it's because he's a REAL OIL MAN that was never going to put up with MNR/KRG/ICG shenanigan's. Look at all the big oil projects in the world... They say it going to happen and then they make it happen. The oil industry works on big margins that ensure they get the right people, best design, best materials, best products and all these things should have happen yesterday.
I don't think the same could be said for GKP.

Nobodyspecial – nice piece of investigative analysis.
‘So there’s no doubt that The Doctor played a significant role in the initial IPO CPR.’

So what I think your insinuating, is thatthe KRG The Doctor has created one of the largest PONZI Schemes this planet has ever seen and has been running since the year 2000.
And that everybody involved has been duped by the KRG and The Doctor.
They’ve duped the FSA US Financial Security Authority
They’ve duped the FCA UK Financial Conduct Authority
They’ve duped the British Legal System
They’ve duped all the brokerage firms that took GKP on their trading platforms. Failing in their own due diligence.
There’s one thing notable about a PONZI Scheme, it’s classified as Fraud. So those authority/ institution named above, they all would be liable, due to their failings to complete a property due diligence. Thus enabling a tsunami of litigation and claims on these authorities/institutions.

From Wikipedia - Ponzi Scheme
(The bracketed text in the definition below is my text)
A Ponzi scheme - is a form of fraud that lures investors (GKPs LTH) and pays profits to earlier investors (KRG The Doctor/ GKP management) with funds from more recent investors (More GKPers and oil payments from ICG). The scheme leads victims (New & LTH GKPers) to believe that profits are coming from product sales or other means (The sale of Shaiken as it has a huge amount of Oil), and they remain unaware that other investors are the source of funds (The Bond Holders). A Ponzi scheme can maintain the illusion of a sustainable business (The way GKP has been ran is definitely an illusion at times. In the mucho world of the oil industry, GKP would have to be the weakest/ softest Oil company that has ever existed.) as long as new investors contribute new funds (Paying £10m to return GKPs stolen blocks to KRG & New GKPers), and as long as most of the investors do not demand full repayment and still believe in the non-existent assets (As an LTH GKPer I hope Shaiken has the Oil which has previously been stated) they are purported to own.

I forgot to mention, I wonder how Bernie is going now...