Member Info for GRH1-returns

Keep earning those peanuts Putup. Your masters will be happy with your dedication to GKP.

Wonder what stock you will be assigned to next ??

Let me know so I can load up on that one too hehe

Cheers

“It means investigation was undertaken with due diligence and that unsurmountable obstacles or skeletons were revealed which stopped progress”

Yes probably Iraq badgering on about the illegality of contracts. This is about to be resolved.

BANG GONE

“If we can sell our H2S and H2O -laced sludge through Ceyhan again this will be worth about £2-3”

Lets cast our mind back to last summer when the share price hit £3.20 when the contracts were considered ILLEGAL.

GKP management have, in the past, acknowledged the LARGE RISK PREMIUM that was always applied to the share price , mainly because our exported oil was always considered ILLEGAL.

We are on the cusp of having our contracts legitimised, for the first time ever. When this happens, you will all wish you bought more at £1.20....

That's if there are any genuine investors left on this board...

I am willing to wait as long as it takes. These are very important negotiations that form an intrical part of Kurdistan's future.

Shaikan is a very big part of Kurdistan's future

"Iraq has a quota of 4.431 million b/d under the Oct. 5 agreement.Mar 19, 2023"

Well they are currently producing a lot less....

Iraq exported 3.423 million barrels per day (bpd) of crude oil in August, a slight fall from 3.444 million bpd in July, according to preliminary Oil Ministry data.*

https://www.iraqoilreport.com/news/iraqi-exports-hold-above-3-4-million-bpd-in-august-46031/

Don't forget Iraq NEEDS water from Turkey desperately ....

Turkey wants oil in the pipeline

"However, the government in Baghdad may not see reopening the ITP as a matter or urgency as production from the fields it controls already meets, and even exceeds, Opec+ quotas through its southern seaborne export routes, as well as by trucking routes to Jordan, the FGE concluded"."

HMMMMMM

Iraq produced well below its OPEC+ quota in May, source says:

https://www.reuters.com/markets/commodities/iraq-produced-well-below-its-opec-quota-may-source-says-2023-06-13/

Iraq exported 3.423 million barrels per day (bpd) of crude oil in August, a slight fall from 3.444 million bpd in July, according to preliminary Oil Ministry data.*

https://www.iraqoilreport.com/news/iraqi-exports-hold-above-3-4-million-bpd-in-august-46031/

"You can dream that it will go up tenfolds - I will be happy with you - but any serious analyst will tell you that - based on our current information - the share in any bull scenario does not worth more than GBP 2.5-3"

Lets cast our mind back to last summer when the share price hit £3.20 when the contracts were considered ILLEGAL.

GKP management have, in the past, acknowledged the LARGE RISK PREMIUM that was always applied to the share price , mainly because our exported oil was always considered ILLEGAL.

We are on the cusp of having our contracts legitimised, for the first time ever. When this happens, you will all wish you bought more at £1.20....

That's if there are any genuine investors left on this board...

Endless FUD posts from our resident self appointed expert PUTUP, who claims to be a millionaire and claims to hold large positions in various other stocks yet only posts here, daily, almost hourly..... weird life of an expert millionaire with multiple stock holdings....

One would think he would be busy doing other things...... weird init.

“ Belgrano, how recent is this statement please. Does it pre-date pipeline closure?

'Big point for me..."The KRG Prime Minister Masrour Barzani has assured GKP and other IOCs operating in Kurdistan that production sharing contracts will be honoured and outstanding receivables will be repaid".

lol don’t you bother to ready the updates C0ckeye?…. It’s also been said by the CEO of genel in their recent update.

Https://www.hknenergy.com/wp-content/uploads/2023/08/HKN-Energy-Update_Aug-2023-v2.pdf

"Lots of decisions to make next week if to hold or sell out??"

Or buy more

"The Market doesn't believe a word of it"

SP currently up 4.5%

"Erdoğan Probably going to iraq to decide the ingredients for the Xmas cake .."

This will be Erdogan's first visit to Iraq in years. He wouldn't be going to waste his time eating biscuits. The visit in the iraqi press is being described as "historic"

Also, Turkey population is 99.98% Muslim. They don't eat Xmas cake....

“It is expected that during the visit, the resumption of oil from the northern fields to be announced, the Iraqi official said, and noted that Baghdad is trying to ask the payment from Ankara according to a timetable or even cancelling the money in return for other advantages Iraq will get from Turkey. “

hTTps://www.newarab.com/news/turkeys-erdogan-expected-visit-iraq-next-week-sources

"- insight as to what the "additional discount for KBT" is likely to be going forward (for now I am assuming $9 per barrel which is the average of what's been disclosed thus far)"

KRG to sell its oil with market price: Iraqi FM

Companies buy the KRG oil “cheaply,” he said, adding that the price “does not match the market price.”

“Therefore, there are discussions [with buying companies] so that the price of the oil becomes the same as the price of the market,” noted the Kurdish minister.

https://www.rudaw.net/english/middleeast/iraq/040420232

Pretty much every post of yours has a negative undertone. If you are negative / worried then feel free to sell out and move on.

I’m surprised you’re still around…..this has got to be your worst performing stock this year (from your many many holdings that you say you have, yet only post on the GKP forum) ….unless you have a job to do of course…

“An activist investor / fund could have a lot of fun with the consequences of a poor information flow.”

You don’t say?! Why do you think the new NED Balkany is there. I trust you have already researched who he is and what he does.

"Where did you hear that?"

It might help if you read the companies RNS's

"We are now exploring potential options to sell our crude to local buyers."

"LOL. Who would lend money to a company that isn't producing any revenue and has negative free cash flow?"

Well they managed to borrow 550m before.....

This must be your worst performing stock of 2023! Surprised your still hanging around TBH

At the end of April two tankers the NEVERLAND and the ADVANTAGE(AMAX)ANTHEM left Ceyhan empty after waiting a month to load KRG/Iraqi crude and since then neither of those ships have been back.

Until now.

At 8am UK time this morning the AMAX ANTHEM arrived and parked up at the northern end of the anchorage.

That ship is owned by the Turkish company GEDEN LINES, Genel Denizcilik Nakliyati As (Geden Lines).

"Geden Line is a subsidiary of Turkish conglomerate Çukurova Holding AS, one of the largest industrial and commercial national groups, set up in 1923 and owned by Karamehmet family (reference businessman is Mehmet Emin Karamehmet, supposed to be the country's richest man).)

That very same Mehmet Karamehmet also owns 56% of our neighbour Genel.

"Genel is a private, independent oil exploration and production company which holds oil and gas assets in the Kurdistan Region of Iraq. Genel is, indirectly, 56 per cent. owned by Mehmet Karamehmet.)

So a crude oil tanker that hasn't been seen at Ceyhan in more than two months and is owned by the same man that owns Genel is now waiting at the northern end of the anchorage adjacent to the KRG/ICG jetty.

Too early to draw any conclusions but it needs watching and I'll be watching it.