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This isn’t good news
Explosion in #Iraq shuts down the 110,000 barrels of oil per day Kirkuk-Ceyhan oil pipeline
All I would say is read the board and see through agendas. I would question anyone that spends so much time on a bulletin board.There have been many comings and goings on this board over the last few years, some good and some awful. I would only give anyone one piece of advise is never allow someone you have never met on a bulletin board influence your investment decisions, do your own research and have your own targets and plans to make as much money as possible to enjoy time with your loved ones.We are in a very healthy position right now and given precious good progress from JH I expect January to deliver more.GLALTH
Because it is very cheap :)
Considering oil price is now about $80 we have approx. $245m-250m cash in hand with reducing arrears of approx 29m with debt of 100m we are ridiculously cheap.
Hopefully more positive news on the drilling this month too and if we can get anywhere near 55kbopd then we are looking in fantastic shape.
Fingers crossed for more good news this month, maybe the market will start to wake up to the opportunity here.
Great RNS this morning, how this is below £3 god knows and the fact it’s below £2 is ridiculous.
Wishing you all a healthy and prosperous 2022!
The reality is it’s not just us that receive late payments it’s other oil companies operating in the region. The main issue I have is that as we a single asset company we are completely dependent on them.
That is where I think we need to rebalance the power and diversify and do the minimum on shaikan until more commitment is shown
Merry Christmas all, hope everyone can enjoy a great Christmas with family and friends.
Let’s look forward to hopefully a very healthy and prosperous 2022.
GLA
https://oilprice.com/Energy/Energy-General/Russias-Lukoil-Looks-To-Drill-This-12-Billion-Barrel-Iraqi-Oil-Field.html
Notice that to fulfil the requirement to accelerate development requires a commercial incentive ;)
Good news payment has landed, now for any follow up RNS hopefully landing shortly with an update of 55k upgrades progress
Probably due to the lack of payment, given other companies have been paid.
For me it suggests a few things either we have hit a stumbling block in discussions with MNR on the FDP or we are negotiating the arrears payment in some shape. Obviously all speculation but I suspect the latter.
Let’s hope positive news breaks soon.
GLA
Was expecting a payment RNS on Friday for approx 30m hopefully lands today, we should also hopefully receive an operational update this month too.
GLA
Hargreaves Landsdowne have paid the dividend :)
Hi Peter - hope you manage to recover some of the losses. Best of luck with everything, things looking a lot more positive now so fingers crossed.
GLALTH
Putup - please don’t rub salt into LTH’s myself included. A lot of people have lost money here through the restructure and impacted massively on people’s lives . Please consider this when posting.
I am very positive about GKP going forward but that doesn’t take away the pain of what has happened previously.
Thanks
https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/xq7n6kw
Nice to see the $30m land and decreasing arrears, massively undervalued in my opinion. Hopefully with the oil price 81.5-82 we should kick on from here.
GLA
Well looks like OPEC+ are sticking with original plan for ramping oil volumes up which has lifted Brent to $82+
Not surprised about the oil price given the increasing demand and squeeze on supply, can only see this getting greater over the coming months. What I am surprised about is that GKP is not £3+ already, but let’s see.
GLA
So a few things for this week from GKP…
- expected payment est. 30m
- payment of ‘interim’ dividend
- possible update regarding SH13
Expecting us to be pushing over £2 and that becoming the new baseline going forward?
GLA
Surprised we are down today given the oil price, however quite common for us to dip down when payment is expected.
Suspect another 30m arriving next week?
GLA
Looks like we’re heading to $80 oil over the coming weeks. The thing that has surprised me is that GKP has not built on £2 and kicked on.
Hopefully with more positive news next week including payment, maybe update regarding the SH13 well we will start to kick on.
Looking further ahead if we can deliver the 55k bopd on the current timeline we will be in a very good place given the outlook for the oil market in Q4 and 2022.
GLA