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Surprising to here from “it’s t w a t again” if only because we’re @ 158 and it predicted a 15 % fall last week when the second reading was postponed pending pressure from an ever more confident Kurdish president. Confident in the inescapable fact that Iraq’s Iran supporters have had their wings clipped. The final stage, the vote should be soon coinciding with a proposed profit sharing agreement with B.P. Regarding the renovation and extraction of Kirkuk oil that will require a route out of Iraq by pipe. ( Kirkuk is a Kurd majority disputed , oil rich partly mountainous region, that was held by Kurdish forces until the Iranian army directly assisted in their removal, something that they are now incapable of defending on Iraq’s behalf should it come to blows ) it now seems that Kurdish politicians will no longer accept the status quo that unfairly deprives them of the means to pay a bloated civil service.

Patience will be rewarded, and with a person that trolls several companies share holders predicting only doom and gloom ( not so long ago it predicted 90p GKP) the opposite of its nasty wishes that those with the balls to take a chance will fail, will be true. Then @ 300 it’ll predict 200.

Buy up to 160

+ 🦆

Buy

I wonder if the prime minister of Iraq’s forthcoming meeting in London with BP following their agreement to explore the possibility of a profit sharing arrangement regarding the renovation of Kirkuk oil fields. Is behind the Rudaw article.

I think so, and we shall soon see if they pay BP far more than 6.9 per barrel why not GKP.

Buy

+ 🦆

SHIA al Sudani who had high level meetings with his friend the leader of Iran last week, is heading to London next week where amongst other duties will be in discussions with B P regarding a ‘profit sharing’ agreement to redevelop oil fields in Kirkuk. Has the balance of power changed? That be the question and in my humble opinion I do believe so.

Therefore Buy below one six O

🦆🦆🦆 The President of Kurdistan will visit Baghdad on Sunday for high level meetings.

Apparently salaries haven’t been paid again and he needs more money, is he doing what the Iranians want, begging because he hasn’t sold enough oil on a black market. Or will he demand something positive because the Turkish friend he met last week is the president of the most powerful land in the region.

No binoculars but i’ve been looking in this direction since I first invested @140p following the pipeline closure. Including more false dawns than I can remember. This has always been about the Iranian influenced fanatics in positions of power in Baghdad seeking to exert control over the West supporting Kurds that they hate. By screwing them financially even if the cost is paid by their own Iraqi citizens. (The loss of billions)

It now seems that the Iran supporting lot are upset because the west is regaining power especially if Turkey tilts back in that direction with a pease deal with the Kurdish PPK . Turkey have now announced their intention to buy oil from their Syrian friends by a pipeline that connects Syrian oil fields in Kurdish controlled area’s to the Kurdistan to Turkey pipeline. If Turkey need that pipeline open ,opened it will be. Eventually because they will be the most powerful nation in the region.

In the meantime we’re being paid decent dividends on ‘local sales’ win win. Next announcement shortly.

Silence is golden but my eyes can see the open pipe ahead.

🙏🏼 HGNAHMED 👍🏻

Personally I’d say that down isn’t much “fun”, although if it does fall as far as Itsaponce hopes (15%) i for one will be a buyer as I recommend here before the recent increase put me back on hold. As it is the Itsanidiot is wrong again and it’s more like an adjustment. 4% or so and less than Friday’s increase alone.

Now I’m sure you’ll disagree but in terms of your best interests as a holder of GKP it’s fortunate that Iranian and Russian wings have been clipped and Turkey have taken the opportunity to clip the wings of Kurdish rebels on their border. This will be to the benefit of the western oil companies, especially if Trump steps in before despots can ignore the best interests of their people for their own lunatic interests and cause more mayhem in the region.

I’ll add a longer term buy (it’s a whatever is right one time in ten) it’l be the time to buy again. Okay the Iranian’s in disguise might bein this round. But believe you me their strength and influence is on the wain. When the major power in the region Turkey now no doubt, agrees to a truce with all of the Kurds the power ratio between Erbil and Baghdad will change.

In the meantime who will stop the continued so called ‘local sales’

This court ruling isn’t critical hence the underwhelming stock price reaction. In part I’d suppose because we’re in the process of negotiations regarding new contracts with Baghdad. However, there is a significance in that the court is controlled by the powers that be in Baghdad.

As for the “24 billion” that would’ve been nice had it not been a simple error ie. It should have read 2.4 billion of which GKP are owed about 150 million (50 or so pence per share ) arrears that in the past have been paid via instalments.

P.S. itzatwit we can all make typing errors “fir sure”

Itsaponzi “You know I’m invested here. Not short either.”

This is the person that’s constantly telling us that GKP is going down in every way imaginable. Now it tells us that it is holding shares that he believes are over valued. Personally I don’t know everything about ant anything but I do know enough to ditch shares that I believe are over valued.

P.S. who’s so clever as to buy at 9p and sell at the best time, only a fantasist I’d say.

GKP shares haven’t traded at less than 125 since the Oct. 8th share buyback RNS announcement. However I do hope that Itsaponzi is right for once because I’ll buy a few more. Something that he won’t do because It’ll be hoping they reach his previous 90p prediction. When no doubt It’ll happily predict 80p in the jealous hope that we don’t make something (money) that It can’t as a person that doesn’t buy shares but wastes time trolling those that do.

P.S.

The cancellation of shares marginally increases the value of the shares that remain in circulation. Ie. a total dividend of say 10 million dollars will be split between less shares thus very slightly increasing the dividend paid per share.

Now for those that don’t get that simplistic fact. If I owned the last share that wasn’t bought back I’d be entitled to the entire 10 million. In fact I’d own an entire oil field.

In short Straycat let’s hope that Peel Hunt have been told to ‘keep their powder dry’ as previously mentioned here, by who I don’t recall. The price certainly seems to be falling towards another point where the shares will trade at a significant discount to their intrinsic value.

Support required GKP.

With apologies for my hypocrisy in responding to a rude personal post. I couldn’t resist the temptation to ‘rub salt into the wounds’ of a Putin parrot when his ‘elite’ forces fled Syria in fear and disarray.

With regards to the changing position of Kurdistan. During the course of my GKP analysis I noticed that pressure from the U.S.A. was all that prevented a Kurdish Declaration of Independence from Iraq. The U.S. have now used their increased powers in the region to restrain Turkey in their desire to fight the Kurds in Syria ( with the exception of the PPK Turkish Kurd terrorists ) I have also noticed that the U.K. have contributed 50 million to a Syrian ‘stability’ fund. Could it be that, despite Turkish concerns, a Kurdish autonomous region of Syria can be established on the Kurdistan model. One which the Americans will be very keen to keep on their side especially as more than 10 thousand ISIS fighters and their families are being held in debatably legal detention camps there. Ie. When Trump does what he has said he will, remove U.S. boots, who will guard their interests. I’d say the peshmerga

Well what a week that was. With a matter of hours remaining in the trading week and a share price that’s remarkably stable under the circumstances, I can’t believe that in the midst of a war between Israel and Iran’s terrorist proxies, including some that are based in Iraq, we would witness the fall of a Russian sponsored Assad in Syria at the hands of radical Islamists with connections to Sunni extremists, but that’s exactly what has happened. This only goes to show how resilient GKPs shareholders have become. Congratulations to all that stood firm and we’ll certainly deserve our reward when and not if it eventually arrives.

Star.. Agreed, but while GKP are making more money now than I expected they would without the pipeline being open, and the terms seemingly being offered by Baghdad are only marginally better than local sales ( in the absence of debt repayments) the simple fact that GKP and the others would be ‘legal’ with agreed contracts will reduce the risk of owning a share and therefore increase the PE ratio ( the share price goes up accordingly) . Even though GKP would more than likely reduce dividend payments and increase capital investment in future production. Also, of great importance, being ‘legal’ might make us attractive as a takeover target, and speaking for myself I’ll regard any profits made as being a just reward for the risk that I have taken holding these shares for the most part of two volatile and high risk years.

Can we please post opinions and information regarding GKP without engaging in pathetic exchanges with anonymous fools. ( no doubt because they don’t have anyone left that will listen to them in person )

Nothing in the RNS to get excited about, nor was there any bad news that we didn’t know about so that’s positive, as is the pledge to make another announcement in January, just a few weeks away when it seems they’ll have more to say. As for the share buyback extension, that’s very welcome because with volatility in mind they could smooth out any potentially dramatic daily share price falls.