Member Info for Kheldar

@putup

The article doesn’t say recovery cost it just states $12 a barrel.

Other than the current costs of oil recovery does the company have any other debt, as far as I know the answer is no.

Cost recovery is just an accounting method.

Assuming Iraq government is offering $12 per barrel and not linking to recovery costs is that good or bad?

From

Paste the following article in any online website which provides translation from sorani to English.

https://www.rudaw.net/sorani/business/240220245

This article says oil exports will be resolved in the near future. Been hearing that for nearly a year 😂

Have a read but following is my take based on the article mentioning $12 per bopd. This is new as previously there was mention of $6 and $20.

I’m sure someone here will disagree but if they are offering $12 to gkp is that really such a bad deal? I mean $12 * 50k * 30 = $18m a month. I think it is about $6m a month costs for gkp which leaves $12m a month for capex and dividends . Assuming they use $6m for capex and $6m dividends. This will be about 2.2p dividend a month or annually 25%+ at current price. Is that really such a bad deal? I know it’s less than what we are getting now but surely seems fair to me as the oil does belong to the Iraqis.

The article doesn’t mention past payments so I’m guessing will be difficult to get.

WorldQuant reduced their short position from 0.59% to 0.49%. If people think they are slowly closing their short position then think again.

They registered their first short position on 15/09/2023 for 0.54%. If you check the share price around this time was between 91p and 84p. They increased their position over a month to 0.8%. When they went to 0.8% the price was around £1.20.

They have not made any money but are sticking around like a bad smell.

Our other shorter walleye I have to admit have done a better job they hold a 0.9% position which was openwd with 0.5% in June 2023 and increased to 0.9% by october 2023. They opened their positions when price was between 1.20 and 1.35. Now these guys are in profit. Each penny is roughly £20k. The price has been down to 77p yet these guys don’t seem to sell.

Both of these hedge funds mission in. My opinion appears to be to keep the price suppressed rather than making a profit from the short .

I’ll leave you to determine why.

Atb

like the parties in iraq so many disparate views on here. may i suggest rather than looking at the words uttered from barzani and sudanis mouths look at what is happening on the ground.

1. the teachers will now be paid from krgs potion of the budget and not loans

2. iraq invites bids for new oil areas in april. eni and shell have asked for documents this is because iraq is now moving to profit sharing contracts. https://www.zawya.com/en/projects/oil-and-gas/iraq-to-invite-bids-for-new-oil-sites-in-april-cktd84rr?amp=1

3. budget law amendments are in process with resolution beginning of march. we will know outcome from that what the oil companies in krg will get.

4. opec is not an issue here if it was iraq wouldn’t be trying to hand out new better contracts

5. sudani outwardly calls for us to leave but then nothing happens. read social media of these iranian backed groups and you will see they hate sudani because they know he has no intention of handing over iraq to iran. the majority of iraqis shia sunni and kurds all rather be aligned with the west than iran. armas is just completely nuts if he thinks any sane person would want to align themselves with russian or iran. don’t get me wrong americans have ****wd up the middle east but iran and russia are not the answer lol

as rogthehamer says patience is required and i think we will all be rewarded.

here endeth my two penny worth.

How can a company producing 1000 BoE/d be going broke? That’s about £2m a month and it’s only at this level because they have deliberately not bought gas for injection.

What have they been spending the money they raised on?

The ultimate bunch of cowboys. I feel sorry for all the long term holders.

Someone is going to buy this on the cheap and make huge profits sadly not us.

I have. 1m shares and will leave it in and see what happens. It was a gamble then and still is.

It’s full speed ahead on the amendment to the budget law. Either that or the Kurdistan deputy prime minister has told porkies to bring to an end the teachers 5 month strike.

https://www.rudaw.net/english/kurdistan/190220241

In case you miss the significance the amendment to the budget law also consists of an increase in the cost of oil production.

Atb

I’ve heard Dilly and Kevin refer to 201 as a legacy product and it has always annoyed me.

Google: A legacy product may be a product that is no longer sold, has lost substantial market share, or is a version of a product that is not current.

How people are expecting theorem to cough up a large sum is beyond me.

Clx is the only one that I can see which is a company maker.

This BoD needs to go. They have dined on us for long enough.

Another non burger rns from our Clive. I don’t know whether to laugh or cry. It really is soul destroying.

It looks like at third go they have managed to hit oil at 142 but only 160 bopd whereas previously it was doing 1000 bopd. So it’s taken 12 months to get 1/10 of production back. They’ve now decided to move the rig onto well 145. Surely they should have tried to look for another interval at 142 to get production up to 1000.

I’ve come to the conclusion that G70 rig only exists in Clive’s mind so we can ignore this altogether.

Clive says: “We are in discussions with potential partners to work together to attempt to bring Deep Well 802 into commercial production.”

forget about negotiating just get someone professional in even if it means giving them 100% of oil produced from that well. The point is we all know there is oil there we need someone to get it out. One well producing and we will have big oil companies lining up.

We have to accept that we have the oil but incompetent people. We need a farm out to get the oil.

Look at this rns we have managed to get more oil but overall still producing 1900 bopd 😂

CE contract is still on track as far as I know but yet Clive does not even think to mention that.

See you all in about 3 months when the landscape should hopefully look better.

Just a few facts re : Gabriel

Gabriel is listed as a member of the technical committee as stated here: https://www.gulfkeystone.com/about/corporate-governance/

Now if you scroll down to the technical committee box and click on the terms of reference link it tells you who makes up the committee and their role. The first paragraph in the document states “the committee is a committee of the board of directors of the company”.

I suggest everyone read the remit of this committee and then make your own mind up if you think Gabe is in the know or not.

The risk here is mainly political between KRG and Iraq government. One main positive which didn’t get much attention is that for the first time KRG received money from January from the budget allocation rather than a loan. Let’s see if that continues for February.

Atb to all shareholders.

This is not just any agreement but a Suzy agreement. You know the one with no income but with a vague will know if it’s worth it in 12 months.

Releasing rns costs money. Wouldn’t it have been better to release this rns with the one on Friday? Maybe Suzy if you looked after the pennies then you wouldn’t need to keep doing placings.

I fear I Taa going to be painful today but better to get it over with now than die by a thousand cuts.

Silly me I thought she would do the honourable thing and tender her resignation.

PM2022 said : I have no doubt TRX has raised the funds

What are you smoking mate? I’d like some as well.

If they had the funds already why haven’t they said the funds are there but dependent on the merger going through with Euda? Silence says it all for me

This is from Valirx website: “ ValiRx accelerates the development of treatments in cancer and women’s health to improve patient lives.”

The dilly dally gang has done nothing to achieve these noble aims. Kudos to whoever has decided to call them out on it.

In my opinion they have gone away from the mission statement and are full on concentrating on building a successful lab or two to fund their wages. I invested for them to take CLX forward and if that needs more funding then I’m happy to oblige.

Suzy and co have lost the trust of shareholders and Suzy if you’re reading this then please leave. I think it’s fair to say you have been compensated adequately.

Share price may take a hit on Monday but if we can get back to the mission statement the short term pain may lead to positivity for both patients and shareholders.

Atb

Judge-mental , I’m thinking along the same lines after reading the Orr tweet: “ Oriole has had a successful week at #MiningIndaba in Cape Town, meeting with investors, existing and potential JV partners, suppliers, and key figures in the African #mining sector. ”

Keywords being “potential JV partners”

IMO this is the next GGP

@goldbar2 - in a nutshell this is a company sitting on a ****load of oil but as usual they have a bod who want to distribute the wealth to themselves and their friends instead of the rightful shareholders.

the senior lender wants his money which the company doesn’t have so it looks like administration.

this is a binary bet no matter what anyone says. if it doesn’t go into administration then that means there is a chance of multi bagging from such a low matketcap. if it goes into administration then say good y to your money.

i’ve bought 1m shares here and look at it akin to buying a lottery ticket. question you have to ask yourself :

do you feel lucky punk?

@smartyp1 - even as a glass half full person i think 142 has failed hence why we have not heard anything. i think we would have heard about it if it had been successful.

block 8 we will find out once it’s been approved and not before. personally i can see why it’s that way. i’ve got hope this will be good news.

the real news i want to hear from them is that they have bought in someone professional to bring 802 online. the ******* oil is there , we just don’t have the know how to get it out. for me if this happens i think we’ll see more interest in the share.

atb

RBMInvest said that the BOD offered them two seats in the board.

I’m no expert but shouldn’t the BoD be releasing an rns to let all shareholders know what is going on? This BoD seem like a bunch of cowboys with their heads I. The sand hoping this will all just go away.

Atb with your class action hope you guys make them pay.

Looks like someone else agrees with you Rob95, some decent buys at the end to cap off a great week.

Atb to all holders

@rachelsdad - there is no reason for bondholders to flip their shorting to long. The more shares they can pick up at this price means less they have to pay out if it is a buy out.

Assuming these bondholders had shares previously as well then 12 months ago the share price was around 6p.

By the end of all of these conversions we’ll find probably about 90% of the shares will be owned by the bondholders so they could easily offer 6p to the remaining 10% PI shares and will still be one hell of a steal.

IMO this is what will happen rather than administration. They have used administration as a tool to destroy the share price and scare PIs into selling.

Keep the pressure up on the directors and bondholders. It will not be pretty reading for them and may force them to rethink.

I think we will get a steer very soon from the business and hopefully the greedy bar stewards have not decided to take the full cake.