Member Info for gyp8

SS When the last US administration nplace sanctions on Iran, it cut 1.25 million barrels a day.

At that time the last US administration was not imposing tariffs on the EU, and more importantly China. I would not want to attempt to say what a cut of 600,000 bopd would do, as in minimal in real terms and Iran as ramped up production since last November.

I doubt personally China will still buying oil from Iran and if Trump thinks he can beat the Iranians he is more stupid than he as shown todate.

KSA as already stated it wants to see oil prices around $65 per barrel as it as concerns at other countries becoming to rich at its expense, and it likely any decrease even as minimal in world terms of 600,000 bopd will have a big impact long term.

Major concersn are the Iraq own oil production and how its effected, there is still no government and Turkey will not abide by any US sanctions or as it in the past, as it conducts swaps for oil .

Trump will have to do all he can to lower Gas/Petrol Prices in the US before the mid term elections and releasing its strategic oil reserves into the market is on the tabel and more than likely, plus the last US Administration lifted laws to allow US to allow Oil exports out of the US .

You can call anything on SP reises, but keep in mind the US oil reserves that will be used to lower oil prices as the run up to the next Elections in a few months. Americans vote with there pockets and as Oil prices are artifically being kept high, this US Administration will use its countries oil reserves to lower the price of GAS/Petrol as the lections get closer.

The above is not deceiving its what the US Elite will do to keep control the majority of the 435 seats in Congress and a further 35 seats in the Senate are up for election.

Americans are already getting high rate about the price of Gas/Petrol and with summer vaccaitions starting, pressure will mount and the US could well release extra oil into the markets

Moring Broadford B,

I agree with most of what you say .

With Iraq Kurdistan, it often gets lost that the majority of issues are conducted by Politicians and there henchmen who hold more than one passport and can enter thye UK with diplomatic immunity, and take money out of Kurdistan airports , as they are not under the full jurisdiction of Iraq as they should be. The above comment covers politicians of Iraq as well as Iraq Kurdistan.

With regard to wiki leaks, I would agree some of the details dont reomcile with the wording scene in diplomatic cables that enforecemnt teams and the FCPA use, in some cases Wiki leaks actually under play the seriouness of issues and the wording is not the same, but onm going cases etc, will bring to light more details.

I would hope everyone wants to see iraqis of all ethnic sects have a improved quality of life and beneift from the countries natural resources, although certain UK US Kurds have in the KRG have a different agenda of self presrevation and enrichment at the cost of anyone, Iraq's Kurdish, citizens Uk Inevstors etc.

I can szee people concentrating on todays SP which to those who have been aorund long enough is in reality 2.6p.

TK and his circle with Hawrmi started this journey, but it was never ever to benefit Kurds or Iraqis, and what ever anyone says, previous and current Board members are no different. Anyone who accepts a role on the GKP board wether as a Directors, Ass Director, advisers , stock promotoer all know they are participating in a process that as not changed and is a continuation of the past.

Any one taking up a CEO role in GKP or other board role will have done his own due dilligence , been vetted by Hawrmi and co and passed Hawrmis acid test.

I don't agree with anyone having meetings with board members that are not in the public domain /forum and board members should have more common sense than to engage in such meetings, as to do so is proving they willing to bend rules and its seems acceptable when a company is listed in the UK.

As Far As AGMs go of this company, I gave up walking and trying to chew gum 8 years ago, nothing will be disclosed of a material fact or honest answer at such events.

People have to take there own view, some will follow this company and others out of interest and not be invested and there is no need for anyone to be invested to have a view and right to post,all views can be read and if those invested want to take notice they can do.

Hopefully bwith good investigators with enforement teams working with the FCPA, the UK market will get cleaned up and proper fiines and prison sentences will be seen more often.

I am sure of one thing, the friendly arrangement between the PUK and KDP will be back tn play now , and those two ruling family will be after anything they can get out of Baghdad, That may have hit anew road block with ppl of Basra acting to stop oil corruption and shut off $ to Iraq and its regions like Kur

Swingoutsister. You are a simplton.

I will give you a small exercise to undertake, that is , if you are capable.

Who was instrumental in working with TK and crew in late 2011 and worked new placements of shares in 2011?
Which Major IOC took up positions in kurdistan before the Iraq war and against UN resolutions, and used small unknown oil companies out of Moldova to work for the Major IOC?
Which MP had links to the Moldova Companys that were set up offshore in the paradise islands.

To make it easy for you, cany you even explain Which Kurdistan Primeminster started that process and took back the office as PM of Kurdistan in in January 2012 , after placements of shares had been accomplished in 2011 .

When was the Major IOC advised they had signed for more PSC they took up offically , were outside of the Kurdistan region and how much did they have to pay Iraq Sunni politicans in Ninewha to be allowede to keep land outside kurdistan region.

Now you have a few basics to work from, maybe you will be able to work out why in March/April/May 2012 the KRG pulled certain PSC's from being sold and the reasons they had so?

After all these years you have been about, you certainly have not learnt anything and I am sure Chester Zoo would be happy to have you back in the Chimpanzee area, to entertain children

Good Morning ,Couple of questions for you both.

1) Hpow much is payable to the KRG KDP MNR when GKP hit 55,000 bopd.
2) How Much is payable to the above when they hit 110,000 bopd
3) If they go striaght to 110,000 bopd, would they still b eliable for those double digit $ millions on 55,000 bopd.
4) With production dropping, as this been proved 100% with metering, or are tankers still taking oil from Shaikan when they want , as they want with no paper trail. ?

Broadford, while I appreciate you techinal knowldge and expertise in the field of Engineering and aspects that relate to Oil and Gas, are you aware of which private KRG companys take oil at will when they want and how many $ dollars daily they make from Shaikan oil, that GKP board still have not got control of?

Last question for Broadford B , where do GKP stand at present on the oil that falls under unitisation that is in SA block and would you have thought it prudent , that GKP ? did as Genel did, and that was on all PSC they relinquished, they had clauses inserted into the contracts of relinquishment, that Genel would recieve 25% of all oil produced from those PSC in future, even if the KRG KDP MNR cnnage the name on the PSC are sub divided those PSC's into smaller PSC's.

Regards G

cooky or cod and chips which ever you prefer.

Vengance, dont be a silly boy, when you get upto speed and understand issues, come back.

Little people play games for bigger fish:)
The bigger fish always get hooked.

ccc, i DONT ANSWER YOU YOU OR ANYONE IN THE UK, and actually maybe it would be wise to know who uneathered and the Etamic deal, where it was routed and why.

What I posted on PSC is facts and based on legal cases.

Change it, in part we have changed it, but I am not elaborating on the we, but will state each case brought against the KRG and ruling families interests in PSC is known and when some assume a case is sealed, they are incorrect with regard to Regulatory enforcement and that is fact.

You dont have to read what I post, its your choice , but a little bit of research would tell you about events in 2005 to 2010 and furthermore Etamic details of it going down were placed on thios board 24 hours before it did and Etamic routes and money laundering route was posted in December 2009, like it vwas when GKP set up Shaikan petroleum in Sept 2009.

Now with respect, if you take an interest in where you invest and its everyones choice where they do., you may want to look at the exiting oil field WZR had and which existing oil filed it was part of like others.

My own view on the re finance of debt is simple, you dont ever take on debt if you have no way of servcing it, and you never ever re finance your existing debt when your Debtors the KRG owe you $500 million and have $20 billion stashed away.

Of course you chose how you view it, but I am sure if you owed $100 million in bonds and your main customer you supply good s to owes you $500 million and has $20 billion stashed, I am sure you would not re finace your existing debt when you can clear it and not pay an additonal $50 million interest on new re finaced bonds.

Answerable to anyone !! means ? I am not in the pocket of any KRG spivs or City traders or people who pay bribes and engage in corruption.

If you want to see what work some do , read the purest form of bribery, that covers one of Kurdistan investor II OchZiff.

SS you are wrong.

First our interpritation of a constitution is wrong, but to add to your pain here, let me state for the record a matter of fact.

TAQ TAQ is and was an existing oil filed as acknowldged by THE kURDS IN 1998, its actually laid down in black and white and was done so under the Un adn Clinton Administration.

The Existing Oil fields laid down in 1998 actually include some 17 PSC contracts that are set as exploratiojn fields.

Now on your PSC legal in London, your wrong, the contract betwen GKP TKI was legal, it did not state the PSC was legal under Iraq law or under international law.

Taq Taq PSC was actually signed in Jan 2001 and as an existing oil filed again in 2002, 2004.

I am not going to name them all, as it will upset you and many more, but the contracts signed under the Iraq government by Kurds in 2002 and 2004 are existing oil fileds

Further more, at no time as the ICG MoO ever said they wont accept a PSC, that is laid down in diplomatic cabels dating back to 2003 2004, if you get off your butt and look, they actually say they have no objection to a PSC for a pure exploration Contract on the proviso its put up for open bidding process and money paid goes to the Iraq Budget that the KRG sponged off for 11 years taking some $140 billion and never once putting any contribution into the Iraq Budget FACT

SS Complete BS and u know it.
Only Iraq can set oil law , noboddy else and Kurdistan is just one of many regions of a SOV Nation.
UK Courts have ruled against the KRG in Dana and in a further case of of them trying to clain Sov Immunity, which again means they have no legal grouds to stand on until Iraq decides. In 2014 a US court ruled the KRG had no right to export oil.
The Kuwait Repatriation fees on oil sold , also falls under internationa law and the KRG must pay it.

XOM do not set law in Iraq, they dont have any say in Iraq law, and you can site Wempen and co all you like sunshine, you are wrong

Now answer the point if you want?
Why cat a LSE registered company collect the $500 million its owed to replay its Bonds, and why is does the action against Glencore matter and others

Taff enjoy the ride backwards

You don't need to replace bonds with more bonds increasing debt, so as to be futher in the hands of the Krooks of the KRG . Further more a board of directors who dont know there --- from there elbow seem quiet content to take instructions from a corrupt regime on taking out more debt to one of there well known debtors they use.

A share issue for all to buy into would be the wise option, of course if you disssagree, then you accept the company woeful record in collecting money owed to it, not taking legal action to recover it.

I willl state again, and if anyone does not like it, hard luck. The PSC are not legal until Iraq states they are legal, and that is fact, as the Kuridtsan is a region of a SOV Nation, and therefore abides by the law of it.

Enjor your afternoon or evening, and imagine this. "You are are owed $500 million and are happy not to pay off your $100 million in bonds, but want to reset them, must be a lot of prize winnging idiots who will pay interest on bonds they owe, and not get back the $500 million they are owed when it sits in a bank with the other $20 billion plus.

GKP Board are happy and content to pay interest on money borrowed and not collect what they are owed, knowing full well they are acting as actors for the KRG

Swingoutsister.
If you want to meet, be my guest and you are a thick person who as no idea about how illegal asset stripping works and dals behind the market. and Bribes etc. Learn the purest form of corruption and then you will be able to speak , until, then, either take up the offer, or grow up , your a kid in short pants way out of his depth

SS, with regard to your staement on the Chinese, they actually brought out addax assets in Africa and part of that was they got a share in taq taq, where they pay no CBP or Tax like GKP and neither did Addax. But when Genel Enerji compromised themselves with insider dealing and illicit deals, they popned themselves upto a 30% take off. GKP did the same and opened themselves up to a 40% take off.

Last year a court found no PSC were legal, and in Dana cae the KRG lost 4 cases.

On the Cinese, I will say you are not quiet in the picture and need to broaden your horizons more, but keep in mind the UN Repatriation money to Kuwaite of $4 billion is owed to Kuwait by the KRG now .

Scare mongering NO, just facts and the sooner you accept it as a Corrupt regime of the hightes ored and many court case and prosecutions in line the better.
You invest and take your chance, but N Barzani changed the rules when he had to hand over the PM ship to the PUK.

tom_the_bomb more BS from a III Avatar . PSC are not legal and loading up with debt just suits all these KRG spiv avatars.

You seriously think loading with debt and hitting 55k bopd, when GKP have been allowing the KRG KDP thieves to take what they want for 9 years.

Mind the Dragonflys in Amsterdam

Chester 101 not out
Some facts for you. oh an dby the way, he is one of Columbias Enegry Ponzi schme guys , and Columbia have been fined over $10 million this year with more to come, remind us where the Afren CEO went and the other corrupt people operating in IOC in Kurdistan.

Oh and on Delliote, expect them to face the music,

LONDON (Alliance News) - Gulf Keystone Petroleum Ltd said Thursday it has appointed Sami Zouari as its chief financial officer, succeeding interim Chief Financial Officer Mary Hood, who will now step into a deputy chief financial officer role.

Zouari most recently served as regional head of corporate and investment banking for North Africa, Iraq and Oman at BNP Paribas SA. Prior to that he worked for Total SA in a number of roles, Gulk Keystone said.

Zouari has been granted 1.5 million share options at an exercise price of 55.00 pence in line with the company's recruitment remuneration policy, it said. A third of these options will vest upon his appointment, with two further instalments of 500,000 share options to vest on the first and second anniversaries of his appointment.

Reckless board of directors. No Oil law, no Iraq Court ruling, and krg owe in excess of $500 million, and GKP could clear the bonds

GKP board of directors make sure the KRG KDP have hold of the company with another debt in Bonds, when its easy to do a share issue.

Kurdistan very own Ponzi company

Load of waffle about AGM, no idea of how shares move behind the market, no idea of how racists the KRG is towards other Iraq Ethnic races.

Some stepped out of Kurdistan investing in 2010 when they saw the crooks up close and face to face

The Bazarni family are not happy , as its now being siuggested a full Recount in Iraq, gosh those pesky KDP PUK KURDS are rascals like GLENCORE

A manual recount of votes from Iraq’s parliamentary elections began on Tuesday in an attempt to end the country's political stalemate.

May's elections, the fourth since the fall of former dictator Saddam Hussein in 2003, had the lowest voter turnout at only 44 per cent, fuelled by public anger at the country's dysfunctional political system.

“The counting will be conducted by local electoral offices in numerous cities where a high record of complaints were made, including Kirkuk, Sulaimaniya, Erbil, Dohuk, Nineveh, Salahuddin and Anbar,” Saad Al Hadithi, a spokesman for Prime Minister Haider Al Abadi, told The National.

Suspect ballot boxes were transferred and stored in Kirkuk's municipality offices late on Monday.

"The results may take one to two weeks or even a month to be announced, but the decision is not up to the government to make, it’s now in the hands of the supreme court,” Mr Al Hadithi said. The results will be taken to the high court to be ratified.

The recount will be carried out one province at a time, said Jaber Al Jaberi, a politician representing Anbar.

Hi BB, Apologies on cents per barrel.

Yes the IPT was extended in Sept 2010 and the case listed against Turkey is still lodged in the International court.

I doubt very much Iraq will agree to the existing transit fees and will hold firm , especiallly when there is no neeed to raise production, as Iraq will have a budget surplus this year of some $62 billion.

Nice to our boys go after Glencore and I wonder if Hawrmi is feeling nice and easy this morning. Shame the UK cant act, but they were warned beofre. The purest form of bribery and the FCA is like a chocolate tea pot

Bad side is same old same old.

No need to re finance Bonds.
That is just a NO NO, past events tell anyone who invests in kurrpistan, you never invest in any company that as debt in place, as instructed by the KRG KDP MNR Henely wide boy.

Its simple to issue new shares and not have any debt, no company in its right mind or Board would encourage debt when the existing Debtor as not paid his dues Hawrmi .

Baghdad have already told the KRG they will consider the pipline from Kirkuk to Turkey, but Erdogan as been told the transit costs of each barrel of oil must be 60 cents a barrel and not $4.00 per barrel for piped oil and Turkey and Kurdistan will have to repay the debts incurred and pay off the Repatriation fees owed to Kuwait some $4.6 billion.

I doubt anyone is daft enough to trust A Kurd again in the next 500 years