Member Info for Victor384

Someone on ADVFN suggested that £8 a share back then, is ( given the reduced number of shares available today ) worth about £50 !

Can anyone confirm/ counter that ?

For newer board members, here is the article, if you havent seen it before & it becomes an even more interesting read now that GKP is an ICG legitimate International Oil Company with sanctity of its contract in Iraq:-

Exxon woos GKP to gain Kurdish base.

Mark Leftly - Sunday 18 December 2011 01:00 GMT.

US oil supermajor Exxon Mobil is understood to have sounded out London listed Gulf Keystone Petroleum (GKP) over a possible deal that could value the Kurdistan focused group at around £7bn.

GKP has a market capitalisation of around £1.5bn and is listed on the junior Aim market, but its chief executive, Todd Kozel, believes the group could eventually go for double figure billions.

GKP is sitting on what is considered to be one of the world's great recent oil finds, Shaikan, about 50 miles north west of Kurdistan's capital, Erbil but the regional government is known to want a supermajor on board to properly fund and develop the field.

It is thought that the board would not accept the estimated £8 a share that Exxon is considering and that a number of other companies, perhaps including China's Sinopec and Californian giant Chevron, are monitoring the situation.

There is even some speculation that an informal four way auction for GKP might be under way, while it is also believed that the company has spoken to at least two smaller businesses about potentially developing its assets in a joint venture.

Last month, it emerged that Exxon was the first of the oil industry's giants to enter Kurdistan, taking six licences.

However, this has angered the government in Baghdad because there are old territorial disputes between Iraq and Kurdistan.

Baghdad had threatened to terminate Exxon's existing deal in southern Iraq and it had been reported that the US giant might reconsider its licences in Kurdistan.

However, the lucrative potential of the Kurdistan fields means that analysts expect Exxon will pursue opportunities in the semi autonomous region and may already have taken additional positions to those licences previously revealed.

There are suggestions that Exxon's interest in GKP was discussed at a board meeting 10 days ago and that initial soundings may have been taken at least six weeks ago.

Last month, much of the oil world descended on Erbil for a conference that highlighted the extraordinary oil opportunities in Kurdistan, with Mr Kozel one of the key speakers.

It is believed that Mr Kozel would be happy to sell up soon and has even started mulling over his next venture.

The American businessman is one of the most colourful figures in the City and has a base of devoted retail investors who are waiting for a takeover of GKP to make them rich.

GKP declined to comment. Exxon did not return calls.

https://www.independent.co.uk/news/business/news/exxon-woos-gkp-to-gain-kurdish-base-6278531.html

he's just got to " **** on everyones chips " !

It's going to be very interesting GKP start tomorrow.

I know of one major UK bank, that has already locked down any AT BEST GKP out of hours orders with an error code on both their app & website, that prevents PIs making them.

It would appear that larger clients are being prioritised.

I fully expect GKP to go into auction from the off.

I've been watching a Channel 5 documentary called:-

MICHAEL PALIN: INTO IRAQ

It's fascinating - and goes a long way to clearly demonstrate the complex and deep-rooted 'bureaucracy' that pervades Iraq ! ( Corruption )

And of course, OIL is talked about............

He also visits Kurdistan where there is a very noticeable difference to Iraq itself - and - where a very noticeable 'appreciation' of all things American and the 'American' lifestyle, exists. It's like a different Country per se.

I thoroughly recommend you all watch it.

"U.S. Secretary of Energy Chris Wright on Tuesday hailed the Kurdistan Region’s vast oil and gas reserves as an opportunity for MUTUAL prosperity". ( my caps )

Indeed.

The New Region.

"An Iraqi State Council document regarding non-oil revenues of the Kurdistan Region has been reviewed, verified and signed by the head of the Council Karim Khasbak, The New Region's Baghdad correspondent reports."

Not to mention the Iternational Courts.............

And are you saying that Trump would sit back and allow that ? - really ? - watch and learn....................

"The numbers are so huge we cannot even begin to calculate." - Adnan Samarrai.

"I've never worked on anything remotely like it, it's world class." - John Stafford.

"Shaikan is world-class" - Jon Ferrier

"Shaikan will produce for 80 to 100 years" - John Gerstenlauer

"The Reserves are huge and real" - Tony Peart

"GKP have billions of barrels of recoverable barrels" - Tony Peart

"The Transient Drainage Radius is 6 miles" - John Stafford

"Shaikan will produce beyond the lives of our grandchildren" - Jon Ferrier

"The oil hasn't gone anywhere" - John Gerstenlauer

"An extra 0.2% Fracture Porosity would add 800 million barrels to Reserves overnight" - John Stafford

"Shaikan is second only to Kirkuk" - John Hurst, Exploration Director Genel Energy."

" The drill bit dropped 9 metres once during SH1 drill. What have they discovered, caverns filled with oil ?"

US Initiates Sudden Withdrawal from Major Iraqi Bases

US forces began a sudden withdrawal from Ain al-Asad and Victory bases in Iraq, a top official told Kurdistan24. The move appears to accelerate a previously announced timeline for the coalition's exit. Some troops have relocated to Erbil.

21 hours ago

U.S. airmen of the 332nd Air Expeditionary Wing board a C-17 Globemaster III at Balad Air Base, Iraq, May 21, 2008. (Photo: DVIDS)U.S. airmen of the 332nd Air Expeditionary Wing board a C-17 Globemaster III at Balad Air Base, Iraq, May 21, 2008. (Photo: DVIDS)

Iraq

US troops in Iraq

Ain al-Assad

Victory Base Complex (VBC)

ERBIL (Kurdistan24) – American military forces have initiated a sudden and unannounced withdrawal from the major Ain al-Asad and Victory bases in Iraq, a move that appears to significantly accelerate a previously negotiated timeline for the drawdown of the International Coalition's mission.

According to a high-level source in the Iraqi government, an order for the withdrawal was issued by the American Embassy, with the evacuation process beginning Sunday morning.

The high-level source, providing information to Kurdistan24 correspondent Dilan Barzan, confirmed that the withdrawal of all soldiers from the two strategic sites is being conducted in phases.

A portion of the American forces departed from both the sprawling Ain al-Asad base in Anbar province and the Victory Base Complex (VBC), located within the Baghdad International Airport complex, this morning. The source stated that the two bases are expected to be completely evacuated within the next few days.

The source added that there were approximately two thousand American soldiers stationed at the Ain al-Asad base, a key hub for coalition operations for years, while an additional number of soldiers were present at the Victory Base Complex (VBC).

It was also indicated that a portion of the soldiers who have withdrawn have been transferred to Erbil, the capital of the Kurdistan Region.

This abrupt military maneuver contrasts sharply with the official timeline articulated by the Iraqi government just one week ago.

Not verified but........

Iranian government officials asking Putin for asylum apparently and the Ayatollah in hiding.

Https://insightiraq.com/articles/baghdad-agrees-to-pay-iocs-in-kind-appoints-wood-mackenzie-to-review-costs-mnr/MNRThe Kurdistan Region's acting minister of natural resources, Kamal Muhammad, has said that Baghdad had agreed to pay international oil companies (IOCs) in crude and an agreement has been reached to appoint Wood Mackenzie as the independent consultant tasked with reviewing production costs. He described the steps as key progress in efforts to restart Kurdish oil exports via Turkey, adding that tripartite talks between Erbil, Baghdad and the IOCs would resume "in the near future". The minister was speaking in a 16-minute news conference with Kurdistan Democratic Party (KDP)-affiliated TV channels in Washington, hours before the signing of two oil [...]

This Changes the Game

While everyone’s distracted, Iraq just made a quiet power move at #SuliForum25.

“The discussions were able to achieve the required goal, which is amending the law to provide international oil companies operating in the Kurdistan Region with the required amount for oil production.”

Read that again. The oil law—the thing that’s blocked budgets, stalled payments, and frozen progress—is now amended. No more disputes between Baghdad and the KRG.

That was the last major domino.

•Budget? Cleared.

•Oil revenue? Secured.

•Foreign investment? Greenlit.

•FX stability? Lined up.

•CBI rate change? Practically inevitable.

This isn’t a press release—it was dropped at a policy forum filled with the suits who actually run things. No headlines. No noise. Just precision.

They’re prepping for the switch.

The question isn’t if anymore. It’s how soon.

Https://www.londonstockexchange.com/news-article/GKP/report-on-payments-to-governments-for-2024/16970123

Thank you HGNAHMED.

Has anyone got access to the latest AKIPUR statement, and if so could they post it up here please ?

Sounds very promising !

Zoom News

@zoomnewskrd

The Iraqi Oil Ministry, Kurdistan Region’s Ministry of Natural Resources, and international oil firms will meet in Baghdad tomorrow to discuss resuming the Region’s oil exports, with exporting 185,000 bpd of Basra oil via the ITP under consideration, but exports unlikely before April, reports Zoom News’ Akam Fahmi, citing sources familiar with the matter.

04/3/2025 20:17

Caggins giving some clarification about the meetings via Twitter replies. Meetings definitely happening and ongoing. There is a definite will to sort this out. But every side wants to see their version as the outcome. share price will remain choppy, but I remain optimistic a resolution will be reached. OPEC+ also unwinding the cutbacks. Things are moving in the right direction. https://x.com/mylescaggins/status/1896995010136170980?s=46