Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
This was the interesting part...
And she added, "In the event that the general population census, which is expected to be conducted in October of this year, shows that the percentage of the population of the Kurdistan region is more than what is stated in the budget, the federal government will pay the difference to the Kurdistan region."
The federal government will also pay, according to the sources, “the wages of the oil companies operating in the Kurdistan Region, and acknowledge the legal sale of oil by the Kurdistan Region, and suspend all decisions of the Federal Supreme Court towards the Kurdistan Region until approval of the oil and gas law in Parliament.”
That's certainly good news.
Fingers crossed they actually have the will power and brown envelopes, to finally agree on something.
They provided a corporate update, 3 weeks ago.
Kindly provided in the RNS? jeez.
seems quite an obvious one for me.
Here she is...:)
OK I'm not really into that many theories, about takeaway Mondays.
However, this is just very strange price action, with oil closing to $90?
As I take a glance as where you have invested, I'd really advise you to take your moral high ground to the ones you seem to give very bad advice to.
And yet you still, come back here time after time, to provide us with your thoughts and how ****ing stupid ,you actually are.
https://www.ft.com/content/9a495d3c-8c8e-4938-8075-44644c0ad7eb
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https://www.ft.com/content/9a495d3c-8c8e-4938-8075-44644c0ad7eb
After Zahawi entered parliament, he began building closer ties with the Barzanis, one of the two ruling families who dominate the Kurdistan region’s dynastic politics. They saw him as a potential conduit to both the British government and to Hawrami, the oil minister, according to industry sources and people who know his family.
According to parliamentary records, Zahawi & Zahawi’s clients included London-listed oil producer Afren. The Texas-based company was later investigated for bribery by the Serious Fraud Office in 2015, and two Afren executives were jailed for fraud and money laundering. Zahawi had already dropped the troubled company, and there is no suggestion that he was involved in any wrongdoing.
By July 2015, he had landed a lucrative role as chief strategy officer at Gulf Keystone, which operated the Shaikan oilfield, one of the Kurdistan region’s largest.
Gulf Keystone was paying Zahawi £29,643 a month by the time he stepped back from the role in 2017. In total, including a £285,000 leaving bonus, he earned at least £1.3mn.
At that time, oil companies were struggling
Has this old girl gone into a care home?
I can only imagine how many shares him and certain other influence's have, in GKP.
I haven't been keeping up with this recent ball ache.
Are we now saying payments aren't being made, until the new payment mechanism and/or the KRG and Iraq agree to an oil and gas law?
I'm feeling she has something to sing...hopefully.
Steal at 285.
I think el order book might surprise some.
Oh it's closed. haha.
My apologies!
What's with that spread??
Merry Christmas to you all and your families!
It has always been priced higher than our brent- $20...
I dont mind the divis.
It would just have been a perfect opportunity to hit the 55k and at least finish off with that target hit.
Happy Christmas
I know. I'm pointing out that this was the expectation set.
Then they proceeded to give back 100s millions in Divis. And this was withdrawn and nothing has been said since. Including further guidance for the FDP.
So, is this **** poor management or is there something else ticking along? I really have no idea...
With the submission of the draft Field Development Plan to the MNR in November 2021, we took an important step towards unlocking the full potential of the Shaikan Field. Constructive discussions continue with the MNR and, while final timing of approval remains uncertain due to the complexity of the project, we are pleased to provide an interim update on the progress that we have made to date on Phase 1 of the draft FDP. Final details and cost estimates may vary and we expect to provide an update upon FDP approval.
As a result of a series of optimisations, we are now targeting to increase Phase 1 gross plateau production to between 85,000-95,000 bopd, including up to 85,000 bopd from the Jurassic reservoir and up to 10,000 bopd from the Triassic reservoir.
In addition, we have updated the Gas Management Plan from processing and export of gas with recovery of elemental sulphur, to reinjection of gas into the reservoir, underpinning our target to eliminate routine flaring and more than halve our scope 1 and 2 emissions per barrel by 2025. The project is expected to be executed in parallel with the Phase 1 increase in oil production.
From FDP approval, the expected duration of the Phase 1 Jurassic and Triassic projects is 36 to 42 months and the Gas Management Plan is 18 to 24 months. Total Phase 1 gross Capex is currently estimated to be $800-$925 million, up around $160 million from the previous FDP with the objective of increasing production towards 95,000 bopd through project optimisations. We continue to review opportunities to further optimise the project.
While the focus remains on delivering Phase 1 of the FDP, we are committed to exploiting the further potential of the field with a vision of increasing production beyond 85,000-95,000 bopd through the expansion of the Triassic reservoir and a Cretaceous reservoir pilot.
What is trying to be concluded from this event?
Knowing GKP they pressed the delete button, whilst carrying out their secret Santa, and it will be back up and running next week.
Don't come firing blanks and expect a welcome.
You were looking for a response?
Now you have one tell your boyfriend.