Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
hTtps://www.kurdistan24.net/en/story/29371-Moqtada-Al-Sadr-orders-followers-to-withdraw-from-Green-Zone,-stop-fighting
Iraq's Kurdistan Regional Government (KRG) has condemned remarks by Iraq’s State Oil Marketing Organisation (Somo), which earlier this week issued a letter threatening legal action against buyers and traders of crude produced in the Kurdistan. The letter issued by Somo is "nothing more than another drip in a stream of disinformation" published as part of a "political fight", KRG's Ministry of Natural Resources said in a statement on Friday. "The letter is also intended to undermine the continuing good-faith dialogue between the Kurdistan Regional Government and the federal government. That dialogue seeks to and agrees [on] a plan for the future management of Iraq’s energy resources and revenue in line with the Federal Constitution," the statement said. The letter issued by Somo cited a ruling by Iraq's Federal Court in February, which stated that the KRG must hand its crude oil supplies to Baghdad after deciding that a 2007 Kurdish law on oil production, revenue and exports was not in line with the constitution. However, the KRG has called the decision "unconstitutional". READ MORE Iraqi Kurdistan has capacity to make up for part of Europe's oil shortfall, PM says Kurdish Regional Government pledges to respond to Iraq’s bid to control oil sector "The rights of the [Iraqi] Kurdistan region to develop and produce hydrocarbon resources within the boundaries of the region continues as provided by the Federal Constitution and Kurdistan law," the ministry statement said. "Oil produced in the Kurdistan region continues to be produced, to be shipped, to be sold, to be refined and to be consumed. Investment interest remains and production is expected to increase." The last few years have been transformational in terms of the development of Kurdistan’s oil and gas sector. Oil production in the region amounts to more than 450,000 barrels per day. In the first half of 2021, the region exported 77.35 million barrels through the Kurdistan export pipeline and also allocated 3.95 million barrels to local refineries, according to an official government report audited by Deloitte. The region generated $4.1 billion in revenue from crude export sales during the period, with net revenue after payments to oil producers, pipeline operators and repayments to the buyers reaching $1.74bn. In March, Iraqi Kurdistan's Prime Minister Masrour Barzani said the region is also capable of making up for at least part of the oil shortfall that Europe is facing. The move was conditional on whether “our partners in Baghdad are prepared to work with us", he told the Global Energy Forum at the time. The KRG remains "fully committed to the process of mediation and dialogue to resolve outstanding differences" with the federal government on the management of oil and gas in Iraq, the ministry said in its latest statement.
25 August 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $56.1 million ($43.9 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $58.2 million ($45.5 million net to GKP) for Shaikan crude oil sales during May 2022 and a gross adjustment of $2.1 million ($1.6 million net to GKP) related to a backdated pipeline tariff increase for 2021.
https://oilprice.com/Energy/Crude-Oil/US-SPR-Releases-Set-To-End-This-Fall.html
https://www.londonstockexchange.com/news-article/GKP/notice-of-2022-half-year-results/15584378
Oh I’m not ‘salty’ but ( views and opinions on GKP aside ) you are certainly crass and arrogant.
By your condescending comment, you obviously do look down on people who
( APPARENTLY ! ) do not have the same financial means as yourself.
You MAY be well off, but you have no class whatsoever.
"where you travelled down on a coach with a pack lunch and half a pack of digestives."
'If' such an observation was true - are you suggesting that anyone who attended a GKP Investors Meeting in such a manner ( i.e. travelled to London by coach with a packed lunch ) is not worthy / has no right to invest some of their hard earned funds in an oil company ( or anywhere for that matter ) ?
Not every GKP Investor could afford to fly into London by private jet and stay at The Dorchester you know !
You obviously look down your nose at such ( little ) people - what crass arrogance and ignorance......
18 July 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Bond Redemption Notice
Further to Gulf Keystone’s recent announcement of its intention to call the outstanding $100 million bond, the Company confirms that today it has sent a written notice to Nordic Trustee AS, the trustee for the Company's bond with ISIN NO 001 0828106, that it will be exercising its call option and redeeming the bond. Key information is as follows:
Issuer: Gulf Keystone Petroleum Ltd.
ISIN of bond: NO 001 0828106
Date of redemption: 2 August 2022
Redemption amount: $100 million
Outstanding bond amount after redemption: Nil
Redemption price: 102.0 per cent. of the nominal amount, plus accrued interest.
The Company will provide an update once the bond redemption is complete.