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I expect around 30k BoPD,
"Gross average sales of c.28,800 bopd" 18,500 BoPD covers costs 21, 500 currently.
85million cash at bank. Waiting for pipeline to open. Jan demand should pick up if it snows. Still holding a few shares. I be back next month.
Better deal more profit for GKP
"Speaking at a conference on 21 Nov, Barzani said crude exports from N. Iraq to Turkey's Ceyhan port could only resume once the federal Iraqi government in Baghdad agreed to pay international oil companies (IOCs) operating in Iraqi Kurdistan in line with their existing contracts."
"currently c.33,000 bopd and GKP is striving to increase sales volumes" "managing the start-up of wells"
last time I checked 23,000 bpd covered the cost 6million. now if they can get to 45,000bpd 8- 10million profit per month.
pipeline will open most likely now in October after tests
Begining of this year on one of gkp meeting. I sent a question to GKP, what contingency plan is there If the pipeline closed? . Is there other ways to export the oil. (Back up plan) no reply from them ( I sold some of my gkp shares)and then next thing you know the pipeline closed. This time there is a 99% chance the pipeline will open most likely in this year (on earlier than October) as some of the turkey meeting where suggesting. There will be a report soon on the pipeline review which will push the SP up. And than maybe a week after talks about opening. 100gbx is the good position to buy
Reading some comments here. Increasing oil bpd and selling by truck, GKP can have £5 - £7million a month profit.
Increase the sale price from £30 to £50 will also increase the profit .
longer term when pipeline opens GKP will be in better position from cost efficiency, and to having more options to export oil rather than just the pipeline e.g if earthquake happens again (which stop the oil pipeline).
92 gbx seems like steal when the fair value is £1.46 (Simply Wall St)
- 1 year of revenue/cash to keep going
- selling 23kbpd
- oil price going up
- winter is coming
- near the bottom
There is a risk and to me they have 1 year to fix it.
Hopefully I can buy Tomorrow at this price.