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There will inevitably be some panic but as you say nothing we didn’t already know.

It seems to be the Turks that are holding things up and who can blame them to some degree as they have been hit with a massive fine (£1.4bn) and would want assurance before restarting that the remaining outstanding dispute will not hit them again.

It might take longer but what are the alternatives?

GLA

https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/w03jqnw

Putup given you think this will be the case are you going to sell up?

Just asking…

Think he needs to sell and move on if he is that concerned lol

So the KRG have had their hands forced and thankfully looks like a deal has been done to resume exports again which is great news for all. But what next?

- hopefully receive a RNS tomorrow confirming resumption of oil and clarity on payments
- fingers crossed more clarity on receipt of delayed payments and price benchmark with discount being used
- given the above and increased stability will this speed up the FDP approval and/or possible M&A?

Either way if momentum continues we could be in a very healthy position dependent on the above. A lot more positive than it was a week ago!!

GLA

So the news is out there and obviously alot of panic yesterday which is understandable but in my personal view overdone as it is in no parties interest to halt the exports for a long period of time.

The judgement in my view will accelerate an agreement of sorts whether that’s temporary or permanent who knows but I would imagine both parties are keen to get the oil flowing again soon.

One thing this has done is forced Kurdistan into a corner and exposes the elephant in the room which is they heavily rely on money transfers from Iraq so hopefully the realisation sets in and an oil and gas law is finally agreed to put long term stability in place.

With this stability GKP in my view becomes a much more investable proposition for the larger oil players, but one step at a time let’s get the oil flowing and payments going again.

GLA

Agree self serving journalist made a career of passing on 2nd hand information for his own benefit.

There was always going to be gamesmanship on route to getting an oil and gas law in place. The actions over the weekend will accelerate this and bring a meeting of minds which will ultimately benefit us.

A lot of people will want a cheap entry point into GKP and others ahead of any oil and gas law and here we go.

This could actually turn out well for us, there will inevitably be a panic by some, and others waiting to pick up cheap shares.

I feel we may be entering the last stages of on a route to stability, hold tight and here we go.

GLA

https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/x5z2k2x

Ok so the ruling isn’t great but a deal will be done between KRG and Baghdad as it’s in everyone’s interest.

The reality is KRG has not been our friend, they have renegaded on agreements, forced us to pay to hand back licences to fields, not stuck to payment schedules, changed payment terms and changed from Brent ti Kurdish Blend.

We have a top quality CEO and a world class asset producing 55k bopd with significant resources and scope to increase upto 95k bopd.

The politics will play out, there will be lots is scaremongering and people will make money on people panic selling.

Hopefully an agreement can be made quickly to resume pipeline exports (that benefits everyone).

And at the same time once an agreement is reached then it should at least provide more certainty with greater Iraq influence instead of KRG self serving interest.

Stay strong all and remember the darkest days are usually before the sunshine shines brightly.

GLA

Dividend payment landed in HL accounts

https://www.barrons.com/amp/articles/big-oil-mergers-exxon-chevron-shell-bp-51675103134

New update including $25m dividend

https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/media/2023/01/GKP-Corporate-Presentation-Jan-23-v3.pdf

Finally we have received payment for August sales!!

Woohoo

The article is from November 2021!!! So I think that ship has sailed regarding GKP association with this leach thankfully.

I do however agree he deserves everything coming to him.

However the more pressing issue for GKP and all the other oil companies in Kurdistan I receiving payments. Sure once these recommence (one already been paid recently) then the share price and dividends will start to climb again.

GLALTH

Payments recommending for August oil, let’s hope ours arrive soon.

https://www.newswire.ca/news-releases/shamaran-august-2022-payment-received-893492555.html

GLALTH

So Genel have released an operational update today and like us and all the other producers in Kurdistan haven’t been paid yet from what I can see no mention of lack of payments.

I find it strange that no one has been paid for oil supplied since July yet radio silence from all. Let’s hope this is a sign that they are not concerned and things are in hand.

GLALTH

First of all hopefully everyone enjoyed a nice Xmas with their families and loved ones.

Looking at the news regarding the possible passing of the oil and gas law should have set a rocket under the share price, surprise it hasn’t. In my view there have been so many false dawns that until tangible change is seen there will not be a significant rerate in the SP.

We are currently valued at under half a billion yet sitting on approx. 120m in cash with another 5ths worth of payments (approx 200m) therefore leaving a valuation of under 200m for assets (PSC, plant etc) which demonstrates how ridiculous the valuation is.

Previous estimates (even from the disaster that was JF) were valuing us at 2bn which would value us above £8. I am not saying we Will get to this however it illustrates the disconnect between the current SP. So thinking about this what could drive a rerate?

- formalisation of oil and gas law?
- approvals of FDP?
-‘move to $100+ oil price?

Personally being a long term holder and suffered like many on here I don’t see a major rerate unless there was M&A activity, although I would expect us to move towards £3.50 during 2023. I have now accepted that I will pick up dividends on a regular basis (whilst the current CEO) is in place and I will hopefully over time earn a good return on my investment. And if M&A was to come along we wouldn’t be picked up on the cheap.

GLA and hopefully 2023 is a healthy and prosperous one

https://youtu.be/pFV1JqAgtIs