Gulf Keystone Irak-Ölperle Deutschland schläft - 500 Beiträge pro Seite (Seite 3)
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Werte aus der Branche Öl/Gas
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,915 | +17,13 | |
| 7,3400 | +15,77 | |
| 9,6400 | +13,95 | |
| 7,9500 | +13,25 | |
| 13,810 | +10,39 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 325,00 | -9,97 | |
| 0,9400 | -10,48 | |
| 4,3100 | -18,98 | |
| 9,3500 | -28,02 | |
| 0,900 | -28,57 |
Feedback
http://www.iii.co.uk/articles/280103/premier-oil-plc-or-gulf…
Kaum zu glauben. Gulf besitzt schwarzes Gold im Wert von 45Mrd. $ und ist bald pleite. Sind auf der Suche nach einem Aufkäufer, aber keiner will das billig zu fördernde Öl wegen dem Konflikt. Die Kurdische Regierung lässt GKP ausbluten. Da wäre es doch nur sinnvoll, mal die Produktion zu stoppen, damit die Regierung auch nichts davon hat.
Kaum zu glauben. Gulf besitzt schwarzes Gold im Wert von 45Mrd. $ und ist bald pleite. Sind auf der Suche nach einem Aufkäufer, aber keiner will das billig zu fördernde Öl wegen dem Konflikt. Die Kurdische Regierung lässt GKP ausbluten. Da wäre es doch nur sinnvoll, mal die Produktion zu stoppen, damit die Regierung auch nichts davon hat.
Moin-
gibt es neueste neue (schlechte) Nachrichten?!
Kalkuliere mittlerweile mit Totalverlust...
Weiß jemand was?
Danke.
gibt es neueste neue (schlechte) Nachrichten?!
Kalkuliere mittlerweile mit Totalverlust...
Weiß jemand was?
Danke.
Hallo,
am 6.Januar 2016 (gestern) hat GKP ein erneutes Payment von 15MillionUSD bekommen.
Es ist das vierte dieser Art in Folge. Hab mal ausgerechnet, es sind 12,5USD pro Barrel
für GKP bei 40000 Barrel/Tag.
Meine persönliche Meinung: KRG wird seine Ölfirmen, die bereits produzieren, nicht ausbluten
lassen!
Falke7
am 6.Januar 2016 (gestern) hat GKP ein erneutes Payment von 15MillionUSD bekommen.
Es ist das vierte dieser Art in Folge. Hab mal ausgerechnet, es sind 12,5USD pro Barrel
für GKP bei 40000 Barrel/Tag.
Meine persönliche Meinung: KRG wird seine Ölfirmen, die bereits produzieren, nicht ausbluten
lassen!
Falke7
Antwort auf Beitrag Nr.: 51.437.313 von Falke7 am 07.01.16 18:33:48Moin Falke,
danke für Deine Info.
Hoffen wir das beste....
Gruß
S6
danke für Deine Info.
Hoffen wir das beste....
Gruß
S6
Antwort auf Beitrag Nr.: 51.437.313 von Falke7 am 07.01.16 18:33:48Sehe ich anders. Das Akri-Bijeel Feld haben sie schon breits aufgeben.
http://www.investegate.co.uk/gulf-keystone-petrol--gkp-/rns/…
http://www.investegate.co.uk/gulf-keystone-petrol--gkp-/rns/…
Trading Spotlight
Na da bin ich mal gespannt
http://www.morningstar.co.uk/uk/news/AN_1452512093181462500/…" target="_blank" rel="nofollow ugc noopener">http://www.morningstar.co.uk/uk/news/AN_1452512093181462500/…
The regional government previously had informed Gulf Keystone that, on top of the monthly payments it made for the current production exported out of Iraq, it would start to make backpayments during 2016.
http://www.morningstar.co.uk/uk/news/AN_1452512093181462500/…" target="_blank" rel="nofollow ugc noopener">http://www.morningstar.co.uk/uk/news/AN_1452512093181462500/…
The regional government previously had informed Gulf Keystone that, on top of the monthly payments it made for the current production exported out of Iraq, it would start to make backpayments during 2016.
Entweder jetzt kaufen und 100Bagger oder pleite und weg
Antwort auf Beitrag Nr.: 52.168.831 von Icke1881 am 12.04.16 11:37:48
Der Analyst begründet nicht mal sein KZ.
Es gibt derzeit auch keine Gründe für ein Anstieg.
Selbst ein Anstieg des Ölpreises wäre irrelavant, da Gulf's Probleme eher darin liegen, das der kurdische Staat Gulf ausbluten lässt und Gulf scheinbar die Hände gebunden sind.
Warum sie nicht ihre Schulden eintreiben können, oder zumindest eine Regulierung treffen können um direkt abzukassieren ist mir fraglich. Sie produzieren ins leere auf gut Glück. Genauso könnten sie die Prdouktion einstellen bis KRG erstmal ihre Schulden abbezahlt. So häufen sich die Personalkosten und die Ausstände.
Andere Ölfirmen warten wohl schon drauf, bis GKP pleite ist, um sich kostenlos die fertigen Ölfelder unter den Nagel zu reißen.
Zitat von Icke1881: http://www.directorstalkinterviews.com/gulf-keystone-petrole…
Der Analyst begründet nicht mal sein KZ.
Es gibt derzeit auch keine Gründe für ein Anstieg.
Selbst ein Anstieg des Ölpreises wäre irrelavant, da Gulf's Probleme eher darin liegen, das der kurdische Staat Gulf ausbluten lässt und Gulf scheinbar die Hände gebunden sind.
Warum sie nicht ihre Schulden eintreiben können, oder zumindest eine Regulierung treffen können um direkt abzukassieren ist mir fraglich. Sie produzieren ins leere auf gut Glück. Genauso könnten sie die Prdouktion einstellen bis KRG erstmal ihre Schulden abbezahlt. So häufen sich die Personalkosten und die Ausstände.
Andere Ölfirmen warten wohl schon drauf, bis GKP pleite ist, um sich kostenlos die fertigen Ölfelder unter den Nagel zu reißen.
Antwort auf Beitrag Nr.: 52.191.508 von H2OAllergiker am 14.04.16 18:43:03GKP ist de facto schon pleite.
Antwort auf Beitrag Nr.: 52.207.063 von Eulenfoerster am 17.04.16 13:05:43Ist ja sicher alles richtig und leider seit Jahren das Problem, bzw. Unverständliche …
Nur dennoch ist diese Einschätzung doch grundsätzlich völlig zutreffend. Und eigentlich wäre sogar nicht nur eine Ver-5-fachung, sondern sogar Ver-500-fachung durchaus realistisch. Wenn, ja wenn da nicht weiterhin diese ganzen ungelösten und externen, bzw. indirekten Probleme wären.
Nur dennoch ist diese Einschätzung doch grundsätzlich völlig zutreffend. Und eigentlich wäre sogar nicht nur eine Ver-5-fachung, sondern sogar Ver-500-fachung durchaus realistisch. Wenn, ja wenn da nicht weiterhin diese ganzen ungelösten und externen, bzw. indirekten Probleme wären.
GKP ist immerhin beim Broker noch beleihbar zu ca 30%, das ist bei augenscheinlich besseren Werten in der Vergangenheit nicht der Fall gewesen.
Nur als Anmerkung, da scheint also irgendetwas bei den Bankalgorithmen den Bewertungsmaßstab nicht auf Null oder Pleite zu setzen.
Als Beispiel, vor dem Kursup der Silberminer, welche sich inzwischen fast ohne Ausnahme alle schon vervierfacht haben, gab es nahe am Boden auch keine Beleihbarkeit mehr, und heute wissen wir wo sie stehen, obwohl Silber gerade mal leicht gegrunzt hat.
Daran sieht man immer wieder, es gibt keine effizienten Märkte, wie auch, dann dürfte es schließlich auch keine Börse geben.
Nur als Anmerkung, da scheint also irgendetwas bei den Bankalgorithmen den Bewertungsmaßstab nicht auf Null oder Pleite zu setzen.
Als Beispiel, vor dem Kursup der Silberminer, welche sich inzwischen fast ohne Ausnahme alle schon vervierfacht haben, gab es nahe am Boden auch keine Beleihbarkeit mehr, und heute wissen wir wo sie stehen, obwohl Silber gerade mal leicht gegrunzt hat.
Daran sieht man immer wieder, es gibt keine effizienten Märkte, wie auch, dann dürfte es schließlich auch keine Börse geben.
GKP kann seine Schulden niemals zurückzahlen. Da ist fakt !
Sie werden auch von der kurdischen Regierung niemals ihre Ausstände eintreiben können.
Es dreht sich hier wohl nur um ein paar Wochen bis zum finalen Bankrott und das bei diesem High Class Projekt.
Unglaublich dieser schlummernde Schatz wie wertlos er doch bei diesen Umständen geworden ist.
Sie werden auch von der kurdischen Regierung niemals ihre Ausstände eintreiben können.
Es dreht sich hier wohl nur um ein paar Wochen bis zum finalen Bankrott und das bei diesem High Class Projekt.
Unglaublich dieser schlummernde Schatz wie wertlos er doch bei diesen Umständen geworden ist.
Hallo Icke1881,
danke für den Hinweis.15Mio.scheinen ja regelmäßig reinzukommen.
Habe meinen Aktienbestand mittlerweile um 100% aufgestockt.
MfG
Falke7
danke für den Hinweis.15Mio.scheinen ja regelmäßig reinzukommen.
Habe meinen Aktienbestand mittlerweile um 100% aufgestockt.
MfG
Falke7
Antwort auf Beitrag Nr.: 52.729.696 von Falke7 am 30.06.16 10:46:24Gern geschehen, ist ja leider eher kaum etwas zu finden …
Und denke ebenso, dass den sicher dennoch bestehenden Risiken gigantische Chancen gegenüberstehen.
Wohl dem, der derzeit noch wirklich freies und “trockenes Pulver“ hat.
Und denke ebenso, dass den sicher dennoch bestehenden Risiken gigantische Chancen gegenüberstehen.
Wohl dem, der derzeit noch wirklich freies und “trockenes Pulver“ hat.
Antwort auf Beitrag Nr.: 52.750.093 von Icke1881 am 02.07.16 17:23:32http://www.lse.co.uk/AllNews.asp?code=hvjxpl9b&headline=Gulf…
Antwort auf Beitrag Nr.: 52.759.156 von Eulenfoerster am 04.07.16 15:41:18Gulf Keystone Petroleum Ltd. bondholders are preparing a plan that would swap some debt into equity to take control of the oil producer, according to people familiar with the matter.
Guaranteed and convertible bondholders are working on the plan to take the company if it fails to find substantial new funding, said the people, who asked not to be identified because the talks are private. Under the proposal, holders of $250 million of guaranteed notes due April 2017 would get a majority of the company, while convertible bondholders and shareholders would have smaller stakes, they said.
Gulf Keystone, which operates in the Kurdish region of northern Iraq, delayed payment of $26 million of debt obligations due this week as it seeks to restructure its finances. The London-based company has been hit by the slump in oil prices and previously erratic export payments from the Kurdistan Regional Government.
A spokesman for Gulf Keystone declined to comment on restructuring talks and potential new investors. The company can delay the overdue bond payments until early next month without risking default.
Stock Collapse
Bondholders could deploy the plan if management fails to raise enough money to guarantee repayment of $575 million of notes due next year, the people said. Gulf Keystone has a market value of about $74 million, following an 86 percent stock rout in the past year, based on data complied by Bloomberg. The shares dropped 6.3 percent on Friday, the first decline this week.
Houlihan Lokey Inc. is advising a group of guaranteed and convertible bondholders including GLG Partners, Sothic Capital Management and Taconic Capital Advisors, people familiar with the matter said in February.
Officials at Houlihan Lokey, GLG, Sothic and Taconic declined to comment on the restructuring negotiations.
Gulf Keystone can delay payments on $325 million of October 2017 convertible notes due April 18 until May 2. Those on the guaranteed notes can be postponed until May 3. The convertible notes last traded at 17 cents on the dollar, while the guaranteed notes were at about 49 cents, according to Trace, the price-reporting system of the U.S. Financial Industry Regulatory Authority.
Gulf Keystone has said that the Shaikan wells in Kurdistan, which it operates with MOL Hungarian Oil & Gas Plc, need $71 million of investment to maintain current production levels of 40,000 barrels a day. Spending of $88 million is required to raise production to 55,000 barrels
Guaranteed and convertible bondholders are working on the plan to take the company if it fails to find substantial new funding, said the people, who asked not to be identified because the talks are private. Under the proposal, holders of $250 million of guaranteed notes due April 2017 would get a majority of the company, while convertible bondholders and shareholders would have smaller stakes, they said.
Gulf Keystone, which operates in the Kurdish region of northern Iraq, delayed payment of $26 million of debt obligations due this week as it seeks to restructure its finances. The London-based company has been hit by the slump in oil prices and previously erratic export payments from the Kurdistan Regional Government.
A spokesman for Gulf Keystone declined to comment on restructuring talks and potential new investors. The company can delay the overdue bond payments until early next month without risking default.
Stock Collapse
Bondholders could deploy the plan if management fails to raise enough money to guarantee repayment of $575 million of notes due next year, the people said. Gulf Keystone has a market value of about $74 million, following an 86 percent stock rout in the past year, based on data complied by Bloomberg. The shares dropped 6.3 percent on Friday, the first decline this week.
Houlihan Lokey Inc. is advising a group of guaranteed and convertible bondholders including GLG Partners, Sothic Capital Management and Taconic Capital Advisors, people familiar with the matter said in February.
Officials at Houlihan Lokey, GLG, Sothic and Taconic declined to comment on the restructuring negotiations.
Gulf Keystone can delay payments on $325 million of October 2017 convertible notes due April 18 until May 2. Those on the guaranteed notes can be postponed until May 3. The convertible notes last traded at 17 cents on the dollar, while the guaranteed notes were at about 49 cents, according to Trace, the price-reporting system of the U.S. Financial Industry Regulatory Authority.
Gulf Keystone has said that the Shaikan wells in Kurdistan, which it operates with MOL Hungarian Oil & Gas Plc, need $71 million of investment to maintain current production levels of 40,000 barrels a day. Spending of $88 million is required to raise production to 55,000 barrels
Gulf benötigt zusätzlich zu diesen 575 mio.$ weitere 71 Mio.$ um dem Geschäftsbetrieb für die aktuell produzierten 40000 Barrel aufrecht zu halten. Denken gar an eine Kapzitätserweiterung auf 55000 Barrel. Was für ein Irrsinn!
Die Investoren werden da nicht mitmachen, da der kurdische Staat Gulf nicht richtig auszahlt.
Deswegen kam es nie zu einer Übernahme und deswegen stecken sie bis über beide Ohren in der Scheiße.
Zuviel Geld wurde durch den vorgehenden CEO verbrannt.
Das Ding ist durch !
Die Investoren werden da nicht mitmachen, da der kurdische Staat Gulf nicht richtig auszahlt.
Deswegen kam es nie zu einer Übernahme und deswegen stecken sie bis über beide Ohren in der Scheiße.
Zuviel Geld wurde durch den vorgehenden CEO verbrannt.
Das Ding ist durch !
Antwort auf Beitrag Nr.: 52.769.692 von Eulenfoerster am 05.07.16 19:42:35Mensch, also wirklich …
Die bestehenden sicher erheblichen Probleme zum benötigten Kapital, geplanten Kapazitätserweiterung und bisherigen CEO, sind doch jedem lange bekannt, da seit Jahren überall nachzulesen.
Und diese pessimistischen Bewertungen zur Kapazitätserweiterung, künftigen Verhalten der Beteiligten und bisherigen Übernahmeverhandlungen, sind doch reine Spekulation und helfen daher hier niemandem weiter.
Die bestehenden sicher erheblichen Probleme zum benötigten Kapital, geplanten Kapazitätserweiterung und bisherigen CEO, sind doch jedem lange bekannt, da seit Jahren überall nachzulesen.
Und diese pessimistischen Bewertungen zur Kapazitätserweiterung, künftigen Verhalten der Beteiligten und bisherigen Übernahmeverhandlungen, sind doch reine Spekulation und helfen daher hier niemandem weiter.
Antwort auf Beitrag Nr.: 52.771.177 von Icke1881 am 05.07.16 22:29:22Warum so genervt ?!
Ich geb nur meine Meinung kund.
Willst nur positives zu negativen Dingen hören ?
Ich geb nur meine Meinung kund.
Willst nur positives zu negativen Dingen hören ?
Antwort auf Beitrag Nr.: 52.831.372 von Icke1881 am 14.07.16 11:41:59
Bondholders will get an 85.5 percent stake under a deal that will see more than $500 million of debt converted into equity, according to a statement on Thursday. The company, which drills oil in Iraq, also plans to raise as much as $25 million from selling new shares, and it named a new chairman.
Crude’s plunge to below $50 a barrel and the Kurdistan regional government’s irregular payments for exports in recent years have pushed Gulf Keystone close to collapse. The company has $325 million of convertible bonds due October 2017 and $250 million of senior unsecured notes due April 2017, according to data compiled by Bloomberg.
“Without the restructuring and the improved liquidity delivered by the transaction, the company cannot avoid insolvency,” Chief Executive Officer Jon Ferrier said in the statement.
Share Slump
The London-based company’s largest shareholder, Capital Research & Management Co., has agreed to the deal, along with more than half of bond creditors, according to the statement.
Gulf Keystone’s shares plunged as much as 47 percent on Thursday to 2.5 pence and were at 3.5 pence as of 9:42 a.m. in London. They were at 15 pence at the start of the year and touched a high of 3.49 pounds in 2012.
It’s “an unfortunate conclusion for long-suffering equity holders,” Werner Riding, an analyst at broker Peel Hunt, said in a note to clients. “Crippling debt service costs were compounded by the low oil price environment and a complicated local and regional geopolitical situation.”
Keith Lough has taken over as non-executive chairman at Gulf Keystone, after being a non-executive director. He succeeds Andrew Simon, who has left the company.
The oil producer will seek approval from other bondholders to reduce total debt to $100 million from more than $600 million through U.K. courts, in a process known as a scheme of arrangement, according to the statement.
Under the plan, unsecured noteholders will get 65.5 percent of the company and retain $100 million of bonds, while convertible noteholders will own 20 percent. Existing shareholders will be diluted to a 5 percent stake and get the chance to purchase about 10 percent more through the capital increase, the company said. Any stock not bought by shareholders will be purchased by Capital Research, up to a limit of $20 million.
Houlihan Lokey Inc. advised a group of creditors in the negotiations, including GLG Partners, Sothic Capital Management and Taconic Capital Advisors, people familiar with the matter said in February
5% für die aktionäre,dumm gelaufen
Gulf Keystone Petroleum Ltd. creditors will take control of the oil producer after low crude prices and erratic export payments left the company unable to service debts.Bondholders will get an 85.5 percent stake under a deal that will see more than $500 million of debt converted into equity, according to a statement on Thursday. The company, which drills oil in Iraq, also plans to raise as much as $25 million from selling new shares, and it named a new chairman.
Crude’s plunge to below $50 a barrel and the Kurdistan regional government’s irregular payments for exports in recent years have pushed Gulf Keystone close to collapse. The company has $325 million of convertible bonds due October 2017 and $250 million of senior unsecured notes due April 2017, according to data compiled by Bloomberg.
“Without the restructuring and the improved liquidity delivered by the transaction, the company cannot avoid insolvency,” Chief Executive Officer Jon Ferrier said in the statement.
Share Slump
The London-based company’s largest shareholder, Capital Research & Management Co., has agreed to the deal, along with more than half of bond creditors, according to the statement.
Gulf Keystone’s shares plunged as much as 47 percent on Thursday to 2.5 pence and were at 3.5 pence as of 9:42 a.m. in London. They were at 15 pence at the start of the year and touched a high of 3.49 pounds in 2012.
It’s “an unfortunate conclusion for long-suffering equity holders,” Werner Riding, an analyst at broker Peel Hunt, said in a note to clients. “Crippling debt service costs were compounded by the low oil price environment and a complicated local and regional geopolitical situation.”
Keith Lough has taken over as non-executive chairman at Gulf Keystone, after being a non-executive director. He succeeds Andrew Simon, who has left the company.
The oil producer will seek approval from other bondholders to reduce total debt to $100 million from more than $600 million through U.K. courts, in a process known as a scheme of arrangement, according to the statement.
Under the plan, unsecured noteholders will get 65.5 percent of the company and retain $100 million of bonds, while convertible noteholders will own 20 percent. Existing shareholders will be diluted to a 5 percent stake and get the chance to purchase about 10 percent more through the capital increase, the company said. Any stock not bought by shareholders will be purchased by Capital Research, up to a limit of $20 million.
Houlihan Lokey Inc. advised a group of creditors in the negotiations, including GLG Partners, Sothic Capital Management and Taconic Capital Advisors, people familiar with the matter said in February
Was für ein schöner Tag heute !
Die Sonne scheint und 75% plus bei GKP (86 Mio.Stück Umsatz in London).
Kommt da vielleicht demnächst eine Super-Nachricht?
MfG Falke7
Die Sonne scheint und 75% plus bei GKP (86 Mio.Stück Umsatz in London).
Kommt da vielleicht demnächst eine Super-Nachricht?
MfG Falke7
http://www.rigzone.com/news/oil_gas/a/145657/Gulf_Keystone_C…
Bedeutet doch Endeignung für die Aktionäre
Bedeutet doch Endeignung für die Aktionäre
Letztendlich zahlen die Gläubiger aber fast 500 Mio.$ für GKP obwohl der Marktpreis deutlich geringer war/ist und mit der Kurdischen Reg. kein Geld zu gewinnen ist.
Antwort auf Beitrag Nr.: 52.859.146 von Eulenfoerster am 18.07.16 20:01:49Würde dieses jedenfalls ebenso interpretieren, sofern dieser 5 % Passus, mit dieser merkwürdigen (eigentlich doch unsinnigen) Wahlmöglichkeit, auch für Kleinaktionäre gelten sollte. Gibt ja schließlich auch solche Meldungen:
http://seekingalpha.com/news/3193240-gulf-keystone-creditors…
Übrigens, unser Neuer:
http://www.poandpo.com/who-is-promoted/gulf-keystone-petrole…
http://seekingalpha.com/news/3193240-gulf-keystone-creditors…
Übrigens, unser Neuer:
http://www.poandpo.com/who-is-promoted/gulf-keystone-petrole…
Antwort auf Beitrag Nr.: 52.859.164 von Eulenfoerster am 18.07.16 20:04:45Eben eben, denn was nützen einem höhere Stückzahlen bei einem inzwischen solchen Kurs in dieser finanziellen Situation durch diese KRG, wenn es dadurch vielleicht sogar zur völligen Zahlungsunfähigkeit gekommen wäre.
Naj, jetzt wo GKP "nur" noch 100 Mio. an Schulden hat und die Prdouktion auf 55000 bpd erhöhen wird, müsste eine Neubewertung stattfinden. Die aktuelle MK ist ja extrem ein Witz !
Bleibt auch nur zu hoffen, das sie der Kurdischen Reg. nicht weiterhin fast umsonst das Öl vor die Füsse schütten. Die Investoren haben das hoffentlich bedacht.
Bleibt auch nur zu hoffen, das sie der Kurdischen Reg. nicht weiterhin fast umsonst das Öl vor die Füsse schütten. Die Investoren haben das hoffentlich bedacht.
Wird ja passieren.
Nur, sollen nun auch wir Kleinaktionäre überhaupt von diesem 5 % Passus betroffen sein ...
Bin mir darüber einfach weiterhin gar nicht so sicher, bei diesen ganzen Interpretationen.
Und dann soll es doch eine Aktienumstellung geben, und zwar erst im Oktober.
Wodurch es dann sicher erst danach zu einer Neubewertung kommen wird.
Oder ist mir jetzt irgendetwas entgangen.
Übrigens:
http://af.reuters.com/article/commoditiesNews/idAFL8N1AF1XJ
http://www.proactiveinvestors.co.uk/companies/news/128777
Nur, sollen nun auch wir Kleinaktionäre überhaupt von diesem 5 % Passus betroffen sein ...
Bin mir darüber einfach weiterhin gar nicht so sicher, bei diesen ganzen Interpretationen.
Und dann soll es doch eine Aktienumstellung geben, und zwar erst im Oktober.
Wodurch es dann sicher erst danach zu einer Neubewertung kommen wird.
Oder ist mir jetzt irgendetwas entgangen.
Übrigens:
http://af.reuters.com/article/commoditiesNews/idAFL8N1AF1XJ
http://www.proactiveinvestors.co.uk/companies/news/128777
Also wenn DNO GKP für 300 Mio aufkaufen wollen, hätten die Investoren mit dem Verzicht von 500 Mio.$ Schulden aber kräftig Geld verbrannt.
Und komischerweise stehen wir immernoch trotz dieser Meldung bei etwa 45 Mio.$ MK.
Verstehe ich das richtig? Die Aktionäre gehen wieder leer aus ?
Und komischerweise stehen wir immernoch trotz dieser Meldung bei etwa 45 Mio.$ MK.
Verstehe ich das richtig? Die Aktionäre gehen wieder leer aus ?
Hallo,
das Angebot von DNO wurde von GKP so weit ich es verstehe abgelehnt (siehe Homepage von
GKP ,Mitteilung vom 29.7.2016).
300Mio. für GKP wäre m.E. ein absoluter Witz bei dem Ölpotential allein bei Shaikan!
MfG Falke7
das Angebot von DNO wurde von GKP so weit ich es verstehe abgelehnt (siehe Homepage von
GKP ,Mitteilung vom 29.7.2016).
300Mio. für GKP wäre m.E. ein absoluter Witz bei dem Ölpotential allein bei Shaikan!
MfG Falke7
Antwort auf Beitrag Nr.: 52.951.612 von Falke7 am 30.07.16 10:44:00Klar ist das ein Witz.
Der Kurs müsste dennoch steigen, denn es zeigt ja, es gibt nun Interessenten die min. 300 Mio. zahlen würden.
Ich gehe nun von steigenden Kursen aus in den nächsten Wochen
Der Kurs müsste dennoch steigen, denn es zeigt ja, es gibt nun Interessenten die min. 300 Mio. zahlen würden.
Ich gehe nun von steigenden Kursen aus in den nächsten Wochen
Nicht die Aktienumstellung zum 14. Oktober vergessen …
Denn sollte es tatsächlich dazu kommen, verliert man 95 % seiner Bestände. Daher wird es sicher weiter Kursbewegungen geben, jedoch grundsätzlich steigende Kurse, sollten zumindest noch derzeit aufgrund dieses Risikos unwahrscheinlich sein. Zumindest langfristige Anleger werden erst einmal Rechtssicherheit darüber abwarten.
So wäre jedenfalls meine Einschätzung, sofern mir nichts entgangen ist.
Insofern sind alles derzeit vorherige reine Zockereien.
Denn sollte es tatsächlich dazu kommen, verliert man 95 % seiner Bestände. Daher wird es sicher weiter Kursbewegungen geben, jedoch grundsätzlich steigende Kurse, sollten zumindest noch derzeit aufgrund dieses Risikos unwahrscheinlich sein. Zumindest langfristige Anleger werden erst einmal Rechtssicherheit darüber abwarten.
So wäre jedenfalls meine Einschätzung, sofern mir nichts entgangen ist.
Insofern sind alles derzeit vorherige reine Zockereien.
Hallo an alle noch Investierten,
bin mir noch nicht sicher,wie ich die heutige Mitteilung von GKP (Open Offer Launch) einordnen
soll.Wenn ich es richtig verstehe gibt es eine Aktiennachkaufmöglichkeit.
Beispiel: Aktienbestand 9000 Stück,d.h.für jede 9te Aktie (1000Stück) gibt es 20 neue Aktien,
das sind 20000 neue Aktien zum Preis von je 0,83GBp,was einen Kaufpreis von
16600GBp ergibt.
Liege ich mit meiner Einschätzung richtig?
MfG Falke7
bin mir noch nicht sicher,wie ich die heutige Mitteilung von GKP (Open Offer Launch) einordnen
soll.Wenn ich es richtig verstehe gibt es eine Aktiennachkaufmöglichkeit.
Beispiel: Aktienbestand 9000 Stück,d.h.für jede 9te Aktie (1000Stück) gibt es 20 neue Aktien,
das sind 20000 neue Aktien zum Preis von je 0,83GBp,was einen Kaufpreis von
16600GBp ergibt.
Liege ich mit meiner Einschätzung richtig?
MfG Falke7
Guten Abend die Damen und Herren,
am 23.05.2012 bin ich bei Gulf Keystone noch zu einem Kurs von 2,551 Euro je Aktie eingestiegen. Es folgten weitere Einkäufe und habe bis zu einer Stückzahl von 9.000 Stück den Traum vom Wachstum verfolgt oder später an die Wiederauferstehung geglaubt. Leider war ich wohl zu euphorisch. Nach vielen Wochen ohne Ticker und News habe ich mal wieder auf den aktuellen Kurs geguckt und schwubs ein Schreiben von der Bank im Briefkasten gehabt.
Meine Bank schreibt mir "Kaptialerhöhung gegen Bareinzahlung mit Überbezug". Dort wird ein mir zur Verfügung gestelltest Bezugsrecht von 20.000 Stück / Titeln mitgeteilt. Heißt dies für mich, dass ich jetzt zum mir mitgeteilten Kurs 0,008314 GBP ein Vorzugsrecht auf weitere 20.000 Stück habe? Somit insgesamt auf 29.000 Stück erweitern / austocken könnte?
Wie seht Ihr die Lage? Ich bin sehr skeptisch und wäre mehr als zufrieden, wenn man wieder mal in Richtung von ein paar Euros kommen würde... :-(
@Icke1881 Du schreibst auf Seite 104 Nicht die Aktienumstellung zum 14. Oktober vergessen …
Denn sollte es tatsächlich dazu kommen, verliert man 95 % seiner Bestände.
- Kannst Du mir hier eine Erklärung geben, was droht mir als Besitzer meiner Aktien? Muss ich jetzt Angst haben, dass mir nur noch ein paar Cent im Oktober bleiben?
Vielen Dank bereits vorab... werde jetzt dem Thread folgen...
Daniel
am 23.05.2012 bin ich bei Gulf Keystone noch zu einem Kurs von 2,551 Euro je Aktie eingestiegen. Es folgten weitere Einkäufe und habe bis zu einer Stückzahl von 9.000 Stück den Traum vom Wachstum verfolgt oder später an die Wiederauferstehung geglaubt. Leider war ich wohl zu euphorisch. Nach vielen Wochen ohne Ticker und News habe ich mal wieder auf den aktuellen Kurs geguckt und schwubs ein Schreiben von der Bank im Briefkasten gehabt.
Meine Bank schreibt mir "Kaptialerhöhung gegen Bareinzahlung mit Überbezug". Dort wird ein mir zur Verfügung gestelltest Bezugsrecht von 20.000 Stück / Titeln mitgeteilt. Heißt dies für mich, dass ich jetzt zum mir mitgeteilten Kurs 0,008314 GBP ein Vorzugsrecht auf weitere 20.000 Stück habe? Somit insgesamt auf 29.000 Stück erweitern / austocken könnte?
Wie seht Ihr die Lage? Ich bin sehr skeptisch und wäre mehr als zufrieden, wenn man wieder mal in Richtung von ein paar Euros kommen würde... :-(
@Icke1881 Du schreibst auf Seite 104 Nicht die Aktienumstellung zum 14. Oktober vergessen …
Denn sollte es tatsächlich dazu kommen, verliert man 95 % seiner Bestände.
- Kannst Du mir hier eine Erklärung geben, was droht mir als Besitzer meiner Aktien? Muss ich jetzt Angst haben, dass mir nur noch ein paar Cent im Oktober bleiben?
Vielen Dank bereits vorab... werde jetzt dem Thread folgen...
Daniel
Antwort auf Beitrag Nr.: 53.230.083 von Daniel2884 am 07.09.16 21:04:22Tja, also eigentlich sollten die Antworten zumindest auf diese Fragen doch ganz eindeutig sein …
1. Ja, ein Bezugsrecht nach diesen konkreten Bedingungen
2. Ja, nach dem 5 % Passus werden alle anderen 95 % enteignet
Viel wichtiger wäre natürlich rechtssichere Antworten darüber zu erhalten, ob weiterhin geplant ist diesen 5 % Passus umzusetzen und ob dieser auch für Kleinaktionäre gelten soll. Wovon jedoch wohl auszugehen ist, da die “neuen“ Aktien bereits eine andere WKN erhalten haben und, sofern mir nichts entgangen ist, bisher keine andere Info dazu veröffentlicht wurde.
Unabhängig davon, dass jeder für sich selbst entscheiden muss, ob er dieses Angebot überhaupt annehmen möchte.
Nach jedenfalls meiner Einschätzung scheint auch das aktuelle CEO nicht, aber auch gar nicht an die Aktionäre zu denken, von dessen Geldern vieles finanziert wurde und die bereits enorm unter dem Wertverfall der letzten Jahre leiden. Und statt diesen, nach einer noch zusätzlich derart erforderlichen letztlich völligen Enteignung, wenigstens einen künftigen Ausgleichs-Anspruch zu garantieren sobald es der Gesellschaft wieder besser geht, wird nur versucht noch weitere Gelder von diesen zu erhalten.
Und da zudem niemand sagen kann, ob die Zahlungen der KRG nicht doch wieder einmal unregelmäßig erfolgen und wie sich sonstige Einkünfte sowie die ja weiterhin bestehenden regionalen Probleme entwickeln werden, haben wir es eben trotz der eigentlich gigantischen Chancen und dieser Umstrukturierung mit weiter fallenden Kursen zu tun.
Insofern sollte jeder selbst bewerten können, was von diesem CEO, Angebot und "der Lage" zu halten ist …
1. Ja, ein Bezugsrecht nach diesen konkreten Bedingungen
2. Ja, nach dem 5 % Passus werden alle anderen 95 % enteignet
Viel wichtiger wäre natürlich rechtssichere Antworten darüber zu erhalten, ob weiterhin geplant ist diesen 5 % Passus umzusetzen und ob dieser auch für Kleinaktionäre gelten soll. Wovon jedoch wohl auszugehen ist, da die “neuen“ Aktien bereits eine andere WKN erhalten haben und, sofern mir nichts entgangen ist, bisher keine andere Info dazu veröffentlicht wurde.
Unabhängig davon, dass jeder für sich selbst entscheiden muss, ob er dieses Angebot überhaupt annehmen möchte.
Nach jedenfalls meiner Einschätzung scheint auch das aktuelle CEO nicht, aber auch gar nicht an die Aktionäre zu denken, von dessen Geldern vieles finanziert wurde und die bereits enorm unter dem Wertverfall der letzten Jahre leiden. Und statt diesen, nach einer noch zusätzlich derart erforderlichen letztlich völligen Enteignung, wenigstens einen künftigen Ausgleichs-Anspruch zu garantieren sobald es der Gesellschaft wieder besser geht, wird nur versucht noch weitere Gelder von diesen zu erhalten.
Und da zudem niemand sagen kann, ob die Zahlungen der KRG nicht doch wieder einmal unregelmäßig erfolgen und wie sich sonstige Einkünfte sowie die ja weiterhin bestehenden regionalen Probleme entwickeln werden, haben wir es eben trotz der eigentlich gigantischen Chancen und dieser Umstrukturierung mit weiter fallenden Kursen zu tun.
Insofern sollte jeder selbst bewerten können, was von diesem CEO, Angebot und "der Lage" zu halten ist …
Sorry, muss meine Ausführungen etwas korrigieren / ergänzen:
Sehe gerade, dass die “neuen“ Aktien doch keine andere WKN erhalten haben, sondern nur die derzeit noch als Anrechte bezeichneten. Die zu beziehenden werden die gleiche behalten. Nur macht dieses die Sache letztlich auch nicht rechtssicherer:
Denn wird der 5 % Passus tatsächlich umgesetzt, und das ist ja nunmal Stand der bisherigen Veröffentlichungen, dann müssten ja sogar selbst von den jetzt neu bezogenen Aktien gleich wieder 95 % enteignet werden. Welches natürlich der Hammer wäre. Oder diese Stückzahl wird dabei davon ausgeschlossen. Welches wiederum wahrscheinlicher und natürlich normaler wäre. Nur gibts eben dazu nirgends etwas verbindliches …
Oder der 5 % Passus wird doch nicht mehr umgesetzt, welches jedoch eigentlich nicht der aktuelle Stand wäre, dann hätte man natürlich einen deutlich höheren Bestand im Depot. Nur gibts eben auch hierzu nirgends etwas verbindliches …
Und wenn die zahlreichen Risiken und Unbekannten weiter bestehen bleiben und nicht bald etwas Sicherheit wieder Vertrauen aufbaut, wird es wohl noch weiter fallende Kurse geben. Und dann hätte man bei letzterer Variante noch “gutes“ dem “schlechten“ Geld hinterher geworfen, auch wenn es bei rund 1 Cent pro Aktie sicher vertretbar sein dürfte. Nur könnte dieses eben auch auf noch weitere Jahre hinaus so bleiben …
Kann daher letztlich aufgrund all dessen nicht viel von diesem Angebot halten - zumal einem ja keiner verbieten kann nach der Umstrukturierung wieder neu zu investieren, wenn man wieder Vertrauen gewonnen haben sollte. Und vielleicht liegt der Kurs dann sogar noch unter rund 1 Cent, wenn es noch länger so weiter geht …
Grundsätzlich würde mich jedoch inzwischen bei diesem CEO wirklich gar nichts mehr überraschen.
Sehe gerade, dass die “neuen“ Aktien doch keine andere WKN erhalten haben, sondern nur die derzeit noch als Anrechte bezeichneten. Die zu beziehenden werden die gleiche behalten. Nur macht dieses die Sache letztlich auch nicht rechtssicherer:
Denn wird der 5 % Passus tatsächlich umgesetzt, und das ist ja nunmal Stand der bisherigen Veröffentlichungen, dann müssten ja sogar selbst von den jetzt neu bezogenen Aktien gleich wieder 95 % enteignet werden. Welches natürlich der Hammer wäre. Oder diese Stückzahl wird dabei davon ausgeschlossen. Welches wiederum wahrscheinlicher und natürlich normaler wäre. Nur gibts eben dazu nirgends etwas verbindliches …
Oder der 5 % Passus wird doch nicht mehr umgesetzt, welches jedoch eigentlich nicht der aktuelle Stand wäre, dann hätte man natürlich einen deutlich höheren Bestand im Depot. Nur gibts eben auch hierzu nirgends etwas verbindliches …
Und wenn die zahlreichen Risiken und Unbekannten weiter bestehen bleiben und nicht bald etwas Sicherheit wieder Vertrauen aufbaut, wird es wohl noch weiter fallende Kurse geben. Und dann hätte man bei letzterer Variante noch “gutes“ dem “schlechten“ Geld hinterher geworfen, auch wenn es bei rund 1 Cent pro Aktie sicher vertretbar sein dürfte. Nur könnte dieses eben auch auf noch weitere Jahre hinaus so bleiben …
Kann daher letztlich aufgrund all dessen nicht viel von diesem Angebot halten - zumal einem ja keiner verbieten kann nach der Umstrukturierung wieder neu zu investieren, wenn man wieder Vertrauen gewonnen haben sollte. Und vielleicht liegt der Kurs dann sogar noch unter rund 1 Cent, wenn es noch länger so weiter geht …
Grundsätzlich würde mich jedoch inzwischen bei diesem CEO wirklich gar nichts mehr überraschen.
Unabhängig der “schönen Worte“ bleibt es also beim 14. Oktober …
Wobei inzwischen irgendwo stand, dass wohl “nur“ noch auf 10 % enteignet werden soll …
http://www.upi.com/Business_News/Energy-Industry/2016/09/22/…
Wobei inzwischen irgendwo stand, dass wohl “nur“ noch auf 10 % enteignet werden soll …
http://www.upi.com/Business_News/Energy-Industry/2016/09/22/…
Antwort auf Beitrag Nr.: 53.329.950 von Icke1881 am 22.09.16 18:12:03Mir stellt sich die Frage, ob die Ölproduzenten nicht gerichtlich das Geld einklagen können ?
Den Verkauf eventuell selbst tätigen können.
Soweit ich mich erinnern kann, schuldet die kurdsche Reg. GKP über 240 Mio$.
Wann wollen sie jemals ihre Schulden begleichen? Es wird ja immer mehr. Sie beuten regelrecht die Produzenten aus und die großen Ölmultis haben das geahnt und investieren nicht dort, sonst wäre GKP längst für ein paar Mrd. aufgekauft worden.
Eine Ausweitung der Ölproduktion macht absolut kein Sinn.
Den Verkauf eventuell selbst tätigen können.
Soweit ich mich erinnern kann, schuldet die kurdsche Reg. GKP über 240 Mio$.
Wann wollen sie jemals ihre Schulden begleichen? Es wird ja immer mehr. Sie beuten regelrecht die Produzenten aus und die großen Ölmultis haben das geahnt und investieren nicht dort, sonst wäre GKP längst für ein paar Mrd. aufgekauft worden.
Eine Ausweitung der Ölproduktion macht absolut kein Sinn.
Absolut - denke ganz genauso, dass dieses die Hauptgründe sind.
Denn wann, wenn nicht jetzt sind eigentlich ideale Zeiten für Investoren. Habe mich das auch schon die letzten Jahre gefragt, wo es immer wieder deutlich nach unten ging. Hatte mich nur noch nicht so sehr damit beschäftigt, da in diesen Branchen auch solche erhebliche Schwankungen durchaus üblich sind. Und erfolgte Verhandlungen ja auch nicht immer bekanntgegeben werden (müssen). Ging natürlich davon aus, dass solch ein Unternehmen, mit diesen Ölfeldern, immer das Beste aushandeln würde. So wie 2012 geschehen, wo ja wohl auf keines der Angebote eingegangen wurde.
Wobei das mit den möglichen juristischen Rechtswegen, also der Rechtsstaatlichkeit, natürlich immer ein großes Thema in bestimmten Regionen ist. Rechtssicherheit über die Einhaltung von Verträgen ist eben ein äußerst hohes Gut. Und das war und ist hier sicher ebenso ein großes Problem, leider.
Was daher dort (oder überhaupt) möglich wäre, ist mir jedenfalls leider nicht bekannt.
Denn wann, wenn nicht jetzt sind eigentlich ideale Zeiten für Investoren. Habe mich das auch schon die letzten Jahre gefragt, wo es immer wieder deutlich nach unten ging. Hatte mich nur noch nicht so sehr damit beschäftigt, da in diesen Branchen auch solche erhebliche Schwankungen durchaus üblich sind. Und erfolgte Verhandlungen ja auch nicht immer bekanntgegeben werden (müssen). Ging natürlich davon aus, dass solch ein Unternehmen, mit diesen Ölfeldern, immer das Beste aushandeln würde. So wie 2012 geschehen, wo ja wohl auf keines der Angebote eingegangen wurde.
Wobei das mit den möglichen juristischen Rechtswegen, also der Rechtsstaatlichkeit, natürlich immer ein großes Thema in bestimmten Regionen ist. Rechtssicherheit über die Einhaltung von Verträgen ist eben ein äußerst hohes Gut. Und das war und ist hier sicher ebenso ein großes Problem, leider.
Was daher dort (oder überhaupt) möglich wäre, ist mir jedenfalls leider nicht bekannt.
Gulf hat mehr Cash als ihr derzeitiger MK 
http://www.stockmarketwire.com/article/5424412/Gulf-Keystone…
Dennoch, bald werden einige deutlich weniger im Depot habenund somit einem Totalverlust nahe kommen.
http://www.stockmarketwire.com/article/5424412/Gulf-Keystone…
Dennoch, bald werden einige deutlich weniger im Depot habenund somit einem Totalverlust nahe kommen.
Hat heute jeder 95% seines Bestandes ausgebucht bekommen?
Oder geschieht das morgen?
Oder geschieht das morgen?
Als wäre nicht schon alles bitter genug, wurden gestern noch stolze 21,91 Mrd. weitere Aktien ausgegeben, so dass wir jetzt mit den bisherigen 1,03 Mrd. bei satten 22,94 Mrd. stehen …
Und von den Aktien dieses Angebotes werden tatsächlich auch gleich wieder 95 % enteignet, so dass dadurch die verbleibenden das 20-fache, also statt rund 1 Cent stolze 20 Cent kosteten …
http://www.londonstockexchange.com/exchange/news/market-news…
http://www.morningstar.co.uk/uk/news/AN_1476369990640587500/…
Und von den Aktien dieses Angebotes werden tatsächlich auch gleich wieder 95 % enteignet, so dass dadurch die verbleibenden das 20-fache, also statt rund 1 Cent stolze 20 Cent kosteten …
http://www.londonstockexchange.com/exchange/news/market-news…
http://www.morningstar.co.uk/uk/news/AN_1476369990640587500/…
Also so wie ich es verstanden habe, hat man eben über 21Mrd. neue Aktien an die Gläubiger verteilt und somit jeden Aktionär um 95% seines Anteils wohl gemerkt gedrückt. Man bekjommt keine ausgebucht. Damit ist die MK auf über 270 Mio. angestiegen.
Warum der Vorstand dennoch optimistisch für deen Aktionäre ist, bleibt mir schleierhaft.
Produktionsausweitung schön und gut, aber wenn man sein geld nicht bekommt dann freuen sich nur die kurden über kostenlos gefördertes Öl.
Warum der Vorstand dennoch optimistisch für deen Aktionäre ist, bleibt mir schleierhaft.
Produktionsausweitung schön und gut, aber wenn man sein geld nicht bekommt dann freuen sich nur die kurden über kostenlos gefördertes Öl.
Verstehe, hatte es so noch gar nicht betrachtet und wurde es ja auch nirgends jemals beschrieben …
Würde jedoch genau hinkommen. Mm, tja dann wird’s wohl tatsächlich so gemacht worden sein. Danke daher für die Anregung Eulenfoerster !! Somit wäre auch klar, warum nie etwas zum Bezugsdatum und/oder Bezugsweg zu finden war. Wobei solches nichts ungewöhnliches ist und es natürlich auch einfach Anweisungen an die depotführenden Banken hätte geben können dahingehend zu unterscheiden. Aber so war’s wohl der einfachere Weg.
Nur das dadurch auch noch der Wertanteil aller Aktien leidet …
Würde jedoch genau hinkommen. Mm, tja dann wird’s wohl tatsächlich so gemacht worden sein. Danke daher für die Anregung Eulenfoerster !! Somit wäre auch klar, warum nie etwas zum Bezugsdatum und/oder Bezugsweg zu finden war. Wobei solches nichts ungewöhnliches ist und es natürlich auch einfach Anweisungen an die depotführenden Banken hätte geben können dahingehend zu unterscheiden. Aber so war’s wohl der einfachere Weg.
Nur das dadurch auch noch der Wertanteil aller Aktien leidet …
Tja Eulenfoerster, so schlüssig dieser Gedanke auch tatsächlich war:
Aktien dieses Angebotes wurden doch gleich wieder durch Ausbuchungen enteignet.
Wodurch dann bei diesen letztlich sogar mehrfache Entwertungen erfolgten ...
Und somit wirklich nur versucht wurde noch weitere Gelder zu erhalten.
Nur müssen dieses doch einige der stillen Mitleser hier bemerkt haben ...
Ziehe mich aufgrund dieses "lebendigen Austausches" jetzt zurück.
Aktien dieses Angebotes wurden doch gleich wieder durch Ausbuchungen enteignet.
Wodurch dann bei diesen letztlich sogar mehrfache Entwertungen erfolgten ...
Und somit wirklich nur versucht wurde noch weitere Gelder zu erhalten.
Nur müssen dieses doch einige der stillen Mitleser hier bemerkt haben ...
Ziehe mich aufgrund dieses "lebendigen Austausches" jetzt zurück.
Antwort auf Beitrag Nr.: 53.524.344 von Icke1881 am 21.10.16 11:51:30Folgend eine gute Zusammenfassung und Interpretation von iii rauskopiert für den total beschixenen Absturz von 400 auf 1:
What about you lot of posters standing back & having a bit of a look around to see if you can find the wood hidden by all those trees of obfustications so manically posted by people here quite unable to see anything intelligent at all ?
Consider this:
- GKP shares were about (400p ish) in the previously optimistic climate of a huge oil reservoir discovery and oil price twice as high as the recent sub £50 level and prior to discovering the shenanigans of the KRG not paying for the oil and the possible mis-management of GKP by the Board.
This whole huge load of problems listed above suddenly comes along and smacks GKP right in the face together with a plummeting oil price utterly trashing income and erratic cash flow from KRG & inability to pay off £600 million odd of loans rapidly hurling GKP towards imminent bankruptcy. Not forgetting the unpleasant geo-political uncertainties generated by the primitive minded ISIS…... Meaning £600 million of lenders likely to lose virtually all their money as well as all the private shareholding investors too.
Unsurprising for a business hurtling at breakneck speed into bankruptcy oblivion the share price plummets to next to nothing as it becomes clear that in the above circumstances the business is almost worthless.
However, the Board of Directors see that if they can pursuade the lenders not to foreclose by producing a cunning plan to get them to agree to not foreclose by converting their loans into shareholdings which they cannot then use to bankrupt the business in the future, and which also allow the said lenders to recoup the full amount of their loans plus almost certainly a vast extra profit, hugely in excess of the original interest payments their previous loans were earning, then this would indeed be an excellent plan !
- A plan leaving GKP viable & sound, slightly profitable on the current barrels per day production even at a low oil price - possibly theoretically even able to pay a quite reasonable dividend if no further expansion of the business ever took place & the business just pottered along.
So, that cunning plan, being far, far better that allowing the lenders to foreclose & drive GKP into administration & far, far better for the private shareholders too, has now been implemented and GKP is currently entirely secure as a viable if smallish & unexciting venture.
But, in order to have been able to persuade the lenders to swallow this cunning plan, the GKP board had to make them believe they would not only get all the money lent back, but would also be well rewarded by extra profit beyond their original interest payments.
So, lenders were persuaded by GKP that the geo-political problems would be more likely to improve than otherwise, the KRG would also more likely have a good reason to be more reliable with regular up to date payments owing to various political pressures already begining to become evident and, possibly, the oil price might, just might, improve , sometime, maybe ?
And if all those things took place, GKP were sitting on a veritable gold mine of an asset worth billions of pounds extractable for years and years to come.
The lenders could see what a good thing this could be from miles & miles away. The various uncertainties of KRG corruption and geo-political nonsense were more rather than less likely to wither as they were just that - utter nonsense which cannot be realisitically expected to be sustainable in this modern world.
So, the lenders thought, “s…….d it” let’s go for it; and did.
Meanwhile the oil price has improved a bit and OPEC seem very, very likely to do things to improve it some
What about you lot of posters standing back & having a bit of a look around to see if you can find the wood hidden by all those trees of obfustications so manically posted by people here quite unable to see anything intelligent at all ?
Consider this:
- GKP shares were about (400p ish) in the previously optimistic climate of a huge oil reservoir discovery and oil price twice as high as the recent sub £50 level and prior to discovering the shenanigans of the KRG not paying for the oil and the possible mis-management of GKP by the Board.
This whole huge load of problems listed above suddenly comes along and smacks GKP right in the face together with a plummeting oil price utterly trashing income and erratic cash flow from KRG & inability to pay off £600 million odd of loans rapidly hurling GKP towards imminent bankruptcy. Not forgetting the unpleasant geo-political uncertainties generated by the primitive minded ISIS…... Meaning £600 million of lenders likely to lose virtually all their money as well as all the private shareholding investors too.
Unsurprising for a business hurtling at breakneck speed into bankruptcy oblivion the share price plummets to next to nothing as it becomes clear that in the above circumstances the business is almost worthless.
However, the Board of Directors see that if they can pursuade the lenders not to foreclose by producing a cunning plan to get them to agree to not foreclose by converting their loans into shareholdings which they cannot then use to bankrupt the business in the future, and which also allow the said lenders to recoup the full amount of their loans plus almost certainly a vast extra profit, hugely in excess of the original interest payments their previous loans were earning, then this would indeed be an excellent plan !
- A plan leaving GKP viable & sound, slightly profitable on the current barrels per day production even at a low oil price - possibly theoretically even able to pay a quite reasonable dividend if no further expansion of the business ever took place & the business just pottered along.
So, that cunning plan, being far, far better that allowing the lenders to foreclose & drive GKP into administration & far, far better for the private shareholders too, has now been implemented and GKP is currently entirely secure as a viable if smallish & unexciting venture.
But, in order to have been able to persuade the lenders to swallow this cunning plan, the GKP board had to make them believe they would not only get all the money lent back, but would also be well rewarded by extra profit beyond their original interest payments.
So, lenders were persuaded by GKP that the geo-political problems would be more likely to improve than otherwise, the KRG would also more likely have a good reason to be more reliable with regular up to date payments owing to various political pressures already begining to become evident and, possibly, the oil price might, just might, improve , sometime, maybe ?
And if all those things took place, GKP were sitting on a veritable gold mine of an asset worth billions of pounds extractable for years and years to come.
The lenders could see what a good thing this could be from miles & miles away. The various uncertainties of KRG corruption and geo-political nonsense were more rather than less likely to wither as they were just that - utter nonsense which cannot be realisitically expected to be sustainable in this modern world.
So, the lenders thought, “s…….d it” let’s go for it; and did.
Meanwhile the oil price has improved a bit and OPEC seem very, very likely to do things to improve it some
Antwort auf Beitrag Nr.: 53.536.596 von texas2 am 23.10.16 21:13:05Trotzdem kommt mir diese Geschichte ebenfalls nicht ganz koscher vor und ich habe den Eindruck dass die Altaktionäre ein wenig über den Tisch gezogen wurden bzw. hätte für sie besser verhandelt werden können.
Na klar texas2,
sicher hatten alle diese externen bzw. indirekten Probleme ihren Anteil daran, und haben es ja leider auch weiterhin. Wobei noch das Verhalten der bisherigen CEOs nicht vergessen werden sollte. Ob jedoch der aktuelle Stand tatsächlich als "ganz sichere Lebensfähigkeit" mit "womöglicher Dividende" bewertet werden sollte, kann sich ja jeder selbst "ausmalen". Mir jedenfalls sind es nach wie vor viel zu viele wenn, ja wenn(s). Denn letztlich stehen wir kein Stück besser da als vorher, außer dass die (derzeitige ...) völlige Zahlungsunfähigkeit abgewendet wurde. Sämtliche weiteren Probleme belasten uns weiterhin. Zumal natürlich diese gigantische Aktien-Erhöhung sogar noch ein zusätzlicher erheblicher Nachteil ist.
Und ja, dass selbst das aktuelle CEO gar nicht an uns Aktionäre denkt, sondern noch mit diesem "super" Angebot (welches sogar als Chance bezeichnet wurde) letztlich versuchte uns übers Ohr zu hauen (welches man nun wirklich nicht mehr anders bezeichnen kann), lässt zu alledem noch tief blicken. Zumal wirklich andere Möglichkeiten hätten umgesetzt, bzw. eben verhandelt werden können.
Aktuell sind es einfach zu viele Unsicherheiten, die eben jeden Investor abschrecken ...
So wäre jedenfalls meine Einschätzung.
sicher hatten alle diese externen bzw. indirekten Probleme ihren Anteil daran, und haben es ja leider auch weiterhin. Wobei noch das Verhalten der bisherigen CEOs nicht vergessen werden sollte. Ob jedoch der aktuelle Stand tatsächlich als "ganz sichere Lebensfähigkeit" mit "womöglicher Dividende" bewertet werden sollte, kann sich ja jeder selbst "ausmalen". Mir jedenfalls sind es nach wie vor viel zu viele wenn, ja wenn(s). Denn letztlich stehen wir kein Stück besser da als vorher, außer dass die (derzeitige ...) völlige Zahlungsunfähigkeit abgewendet wurde. Sämtliche weiteren Probleme belasten uns weiterhin. Zumal natürlich diese gigantische Aktien-Erhöhung sogar noch ein zusätzlicher erheblicher Nachteil ist.
Und ja, dass selbst das aktuelle CEO gar nicht an uns Aktionäre denkt, sondern noch mit diesem "super" Angebot (welches sogar als Chance bezeichnet wurde) letztlich versuchte uns übers Ohr zu hauen (welches man nun wirklich nicht mehr anders bezeichnen kann), lässt zu alledem noch tief blicken. Zumal wirklich andere Möglichkeiten hätten umgesetzt, bzw. eben verhandelt werden können.
Aktuell sind es einfach zu viele Unsicherheiten, die eben jeden Investor abschrecken ...
So wäre jedenfalls meine Einschätzung.
Antwort auf Beitrag Nr.: 53.541.936 von Icke1881 am 24.10.16 17:11:13http://www.thisismoney.co.uk/money/comment/article-3885670/G…
https://www.bloomberg.com/news/articles/2016-12-13/sinopec-s…" target="_blank" rel="nofollow ugc noopener">https://www.bloomberg.com/news/articles/2016-12-13/sinopec-s…
Put simply, with DNO having expressed interest in acquiring the company and now China’s SINOPEC we expect a conclusion to this interest in the opening months of 2017. There is in fact market speculation that there is a third (and possibly more) interested party – supposedly from the US and given the lowly valuation of the company’s reserves and the cleaned up balance sheet we will be highly surprised to see these still quoted by the end of 2017. Our expectation is for a final takeout price of circa 180p and we see no downside from here (127p).
Möglicher Takeout price nur 180.....ist ja zum heulen
Möglicher Takeout price nur 180.....ist ja zum heulen
Sorry, hat nicht geklappt, ich dussel, guten rutsch allen
Antwort auf Beitrag Nr.: 53.974.544 von BaronOppenSAL am 29.12.16 20:01:48180pence wären ein Witz. Sinopec verkauft doch keine Assets für 3 Mrd.$ und nimmt weitere 10Mrd. auf wegen 400 Milliönchen die GKP dann kosten würde. Zumal wir hier über Ressourcen von -wenn ich mich nicht täusche- 9 Mrd. Barrel reden.
Es gibt wohl auch mehr Interessenten, demzufolge werden die neuen Eigner sich das richtig vergolden lassen.
Ich gehe von min. 1200Pence aus
Es gibt wohl auch mehr Interessenten, demzufolge werden die neuen Eigner sich das richtig vergolden lassen.
Ich gehe von min. 1200Pence aus
Gulf Keystone Petroleum (GKP) does “not need to do a deal” according to chief executive Jón Ferrier, amid reports that the Kurdistan-based producer is a takeover target of Chinese oil group Sinopec. Speculation of a sale or merger has grown since bondholders were handed the majority of the main market-listed* group’s equity last October, in a move that all but wiped out small investors. Since then, Gulf Keystone’s share price has risen with an improved oil price, and management has signed an incentive scheme that could greatly reward it, if a binding sale is agreed by the end of 2017.
Speaking on the Investors Chronicle’s Extraction Podcast, Mr Ferrier also said he was confident of finalising a deal with its main customer, the Kurdistan Regional Government, for cash owed for several months of last year's production.
Continuing payments from the ministry, a squeeze on which contributed to the downturn in Gulf Keystone’s fortunes in 2015, should be enough to fund near-term and mid-term work programmes to fund production growth at current prices. The company hopes to increase its output from 40,000 to 55,000 barrels of oil a day in the next couple of years.
“If you look at that incentive plan, the real value comes if I grow a huge amount of value in the field over the longer term, and that’s what it is designed to do,” said Mr Ferrier. Were a company sale to complete before the end of this year, the recently agreed ‘Value Creation Plan’ could split 2 per cent of the acquisition price between Mr Ferrier, chief financial officer Sami Zouari and chief strategy officer Nadhim Zahawi, a Conservative MP with links to Kurdistan’s government.
Though the company has declined to comment on the reported offer from Sinopec, a market-price bid would value the so-called management performance units at £6.2m.
Mr Ferrier also 2016 described as a “pretty ghastly” year in which he was forced to play the “role [of] broker between the shareholders and the debt-holders to try and effect some kind of a settlement”. Though highly dilutive, the 5 per cent left for shareholders in the debt-for-equity swap was better than the management team had initially expected.
“It’s probably very little consolation indeed for many private investors, but we’re doing everything we can to rebuild value in the company,” said Mr Ferrier.
*18 January 2017: The original version of this article said that Gulf Keystone was listed on the Alternative Investment Market. In fact, it joined the main market in 2014. This has been updated
Continuing payments from the ministry, a squeeze on which contributed to the downturn in Gulf Keystone’s fortunes in 2015, should be enough to fund near-term and mid-term work programmes to fund production growth at current prices. The company hopes to increase its output from 40,000 to 55,000 barrels of oil a day in the next couple of years.
“If you look at that incentive plan, the real value comes if I grow a huge amount of value in the field over the longer term, and that’s what it is designed to do,” said Mr Ferrier. Were a company sale to complete before the end of this year, the recently agreed ‘Value Creation Plan’ could split 2 per cent of the acquisition price between Mr Ferrier, chief financial officer Sami Zouari and chief strategy officer Nadhim Zahawi, a Conservative MP with links to Kurdistan’s government.
Though the company has declined to comment on the reported offer from Sinopec, a market-price bid would value the so-called management performance units at £6.2m.
Mr Ferrier also 2016 described as a “pretty ghastly” year in which he was forced to play the “role [of] broker between the shareholders and the debt-holders to try and effect some kind of a settlement”. Though highly dilutive, the 5 per cent left for shareholders in the debt-for-equity swap was better than the management team had initially expected.
“It’s probably very little consolation indeed for many private investors, but we’re doing everything we can to rebuild value in the company,” said Mr Ferrier.
*18 January 2017: The original version of this article said that Gulf Keystone was listed on the Alternative Investment Market. In fact, it joined the main market in 2014. This has been updated
Gulf Keystone is well capitalised and a buy - Cantor
09:00 23 Jan 2017.
“GKP is now a well-capitalised entity, with sufficient financial resources to grow its production base for sale to the export market,” says Cantor analyst Sam Wahab.
oil well onshore
Cantor's target sees GKP doubling in value
Gulf Keystone Petroleum Limited (LON:GKP) is well capitalised and worthy of a ‘buy’ recommendation, according to broker Cantor Fitzgerald.
Cantor analyst Sam Wahab today, following an update on Gulf Keystone’s payments from Kurdistan, repeated his view on the company which comes with a 270p price target – some 107% above the current price of 130.25p.
Gulf Keystone this morning confirmed it had received US$15mln as its latest payment from the Kurdistan Regional Government (KRG), for exports in October, and it “continues to work” with the KRG to agree the final form of the invoices for May to October.
Following the latest payment, Gulf Keystone says its cash balance now stands at US$106.1mln.
“GKP is now a well-capitalised entity, with sufficient financial resources to grow its production base for sale to the export market,” Wahab said in a note.
He highlights that GKP has emerged from a turbulent period of corporate activity and has effectively transformed its balance sheet – by shedding debt, diluting equity, and divesting assets. Now, he says, the company can focus on the Shaikan field.
Wahab also notes that Shaikan currently produces around 33,000 barrels of oil per day (bopd), and GKP previously guided for 31,000 to 35,000 bopd, but the key issue remains to be the uncertainty over the payments coming from the Kurdish authorities.
The arears owed for past deliveries will now stand at around US$64mln, according to the analyst, who also notes that once trucking costs and pipeline tariffs are taken GKP’s realised sales price is around US$20 per barrel.
Nonetheless, Wahab remains somewhat bullish on the stock (on a valuation basis at least).
“2016 saw the company complete a substantial restructuring of its financial position, against the backdrop of challenging market conditions in terms of commodity pricing and civil uncertainty in Iraq,” he said.
“Our updated valuation highlights the material upside potential of the company’s share price now that these burdens are partially clear.”
09:00 23 Jan 2017.
“GKP is now a well-capitalised entity, with sufficient financial resources to grow its production base for sale to the export market,” says Cantor analyst Sam Wahab.
oil well onshore
Cantor's target sees GKP doubling in value
Gulf Keystone Petroleum Limited (LON:GKP) is well capitalised and worthy of a ‘buy’ recommendation, according to broker Cantor Fitzgerald.
Cantor analyst Sam Wahab today, following an update on Gulf Keystone’s payments from Kurdistan, repeated his view on the company which comes with a 270p price target – some 107% above the current price of 130.25p.
Gulf Keystone this morning confirmed it had received US$15mln as its latest payment from the Kurdistan Regional Government (KRG), for exports in October, and it “continues to work” with the KRG to agree the final form of the invoices for May to October.
Following the latest payment, Gulf Keystone says its cash balance now stands at US$106.1mln.
“GKP is now a well-capitalised entity, with sufficient financial resources to grow its production base for sale to the export market,” Wahab said in a note.
He highlights that GKP has emerged from a turbulent period of corporate activity and has effectively transformed its balance sheet – by shedding debt, diluting equity, and divesting assets. Now, he says, the company can focus on the Shaikan field.
Wahab also notes that Shaikan currently produces around 33,000 barrels of oil per day (bopd), and GKP previously guided for 31,000 to 35,000 bopd, but the key issue remains to be the uncertainty over the payments coming from the Kurdish authorities.
The arears owed for past deliveries will now stand at around US$64mln, according to the analyst, who also notes that once trucking costs and pipeline tariffs are taken GKP’s realised sales price is around US$20 per barrel.
Nonetheless, Wahab remains somewhat bullish on the stock (on a valuation basis at least).
“2016 saw the company complete a substantial restructuring of its financial position, against the backdrop of challenging market conditions in terms of commodity pricing and civil uncertainty in Iraq,” he said.
“Our updated valuation highlights the material upside potential of the company’s share price now that these burdens are partially clear.”
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Trading Statement and Operational Update
Notification of Full Year Results
Gulf Keystone, operator of the Shaikan Field in the Kurdistan Region of Iraq, is today providing a Trading and Operational update. This is in advance of the Company's full year results for the period ended 31 December 2016 which will be announced on Thursday 6 April 2017. The information contained herein has not been audited and may be subject to further review and amendment.
2016 Highlights
· Average gross production for the year at 34,794 barrels of oil per day ("bopd") - within the upper-end of our 31,000-35,000 bopd guidance
· Cumulative gross payments of $142.5 million received from the Kurdistan Regional Government's Ministry of Natural Resources ("MNR")
· Plant uptime (at PF-1 and PF-2) of over 98%, once adjusted for export constraints, and strong safety performance with no lost-time incidents
· The Company completed its financial restructuring on 13 October 2016 with a reinstated debt balance of $100 million and a $25 million equity raise through an Open Offer
Outlook
· Average gross production during January 2017 was 37,196 bopd with only minor export disruptions, maximum daily production reached 38,384 bopd
· Production data from Shaikan continues to support the interpretations made in the most recent Competent Person's Report ("CPR") published 31 August 2016, which reported gross Shaikan 2P Reserves of 622 million barrels of oil ("MMbo") and gross 2C resources of 239 MMbo as at 30 June 2016.
· The Company is progressing in its ongoing discussions with the MNR regarding commercial and contractual conditions, in particular those around a regular and timely payment cycle, and crude marketing arrangements. Subject to further clarity on these points, the Company looks forward to making further investments to achieve plateau production at nameplate capacity of 40,000 bopd. Accordingly, gross production guidance for 2017 is being set at 32,000-38,000 bopd. Without further investment in the field, beyond maintenance capital, we would expect to achieve the lower-end of our guidance range.
· Management team recently reinforced with the appointment of Stuart Catterall as Chief Operating Officer in January 2017
· Cash position of $104 million as at 31 January 2017
· All Gulf Keystone operations remain safe and secure
Jón Ferrier, Chief Executive Officer, said:
"I am very pleased to announce a strong operational performance during 2016, achieving average daily production at the top of our guidance range. We have an increasingly well understood field which continues to perform in line with expectations, a healthy balance sheet, and stand ready to further invest in the Shaikan Field. However, commercial and contractual clarity around payments and marketing remain key to achieving production growth and realising full value potential."
("Gulf Keystone", "GKP" or "the Company")
Trading Statement and Operational Update
Notification of Full Year Results
Gulf Keystone, operator of the Shaikan Field in the Kurdistan Region of Iraq, is today providing a Trading and Operational update. This is in advance of the Company's full year results for the period ended 31 December 2016 which will be announced on Thursday 6 April 2017. The information contained herein has not been audited and may be subject to further review and amendment.
2016 Highlights
· Average gross production for the year at 34,794 barrels of oil per day ("bopd") - within the upper-end of our 31,000-35,000 bopd guidance
· Cumulative gross payments of $142.5 million received from the Kurdistan Regional Government's Ministry of Natural Resources ("MNR")
· Plant uptime (at PF-1 and PF-2) of over 98%, once adjusted for export constraints, and strong safety performance with no lost-time incidents
· The Company completed its financial restructuring on 13 October 2016 with a reinstated debt balance of $100 million and a $25 million equity raise through an Open Offer
Outlook
· Average gross production during January 2017 was 37,196 bopd with only minor export disruptions, maximum daily production reached 38,384 bopd
· Production data from Shaikan continues to support the interpretations made in the most recent Competent Person's Report ("CPR") published 31 August 2016, which reported gross Shaikan 2P Reserves of 622 million barrels of oil ("MMbo") and gross 2C resources of 239 MMbo as at 30 June 2016.
· The Company is progressing in its ongoing discussions with the MNR regarding commercial and contractual conditions, in particular those around a regular and timely payment cycle, and crude marketing arrangements. Subject to further clarity on these points, the Company looks forward to making further investments to achieve plateau production at nameplate capacity of 40,000 bopd. Accordingly, gross production guidance for 2017 is being set at 32,000-38,000 bopd. Without further investment in the field, beyond maintenance capital, we would expect to achieve the lower-end of our guidance range.
· Management team recently reinforced with the appointment of Stuart Catterall as Chief Operating Officer in January 2017
· Cash position of $104 million as at 31 January 2017
· All Gulf Keystone operations remain safe and secure
Jón Ferrier, Chief Executive Officer, said:
"I am very pleased to announce a strong operational performance during 2016, achieving average daily production at the top of our guidance range. We have an increasingly well understood field which continues to perform in line with expectations, a healthy balance sheet, and stand ready to further invest in the Shaikan Field. However, commercial and contractual clarity around payments and marketing remain key to achieving production growth and realising full value potential."
Antwort auf Beitrag Nr.: 54.215.365 von BaronOppenSAL am 01.02.17 16:56:26http://www.gulfkeystone.com/media/109523/gulf-keystone-petro…
Antwort auf Beitrag Nr.: 54.654.635 von texas2 am 31.03.17 19:21:34http://pbs.twimg.com/media/DHVayzzXgAE3eMc.jpg
Antwort auf Beitrag Nr.: 55.548.192 von texas2 am 17.08.17 23:23:06http://mnr.krg.org/index.php/en/press-releases/593-krg-agree…
KRG Agrees Settlement of Receivables Owed to DNO and Genel Energy
24 August 2017
Erbil, Kurdistan Region - Iraq - The Kurdistan Regional Government (Government) has reached definitive binding agreements on the settlement of all historical outstanding receivables owed to DNO ASA, the operator of Tawke Field (DNO), and Genel Energy plc, which has participating interests in both Taq Taq and Tawke.
The following are the highlights of the settlements:
DNO and Genel shall make no further claims on all historical outstanding Tawke license receivables from the Government;
Genel has also agreed settlement of its claims for its share of historical outstanding Taq Taq license receivables from the Government;
The Government has exercised its audit rights and made provisions to its own satisfaction with respect to the Tawke license for the period up to the 31st July, 2017 and has no further claims on DNO or Genel;
The Government has exercised its audit rights and made provisions to its own its satisfaction with respect to Genel’s past entitlements in the Taq Taq license for the period up to the 31st July, 2017 and has no further claims on payments booked or received by Genel in this regard;
The Government has also discharged DNO and Genel from certain payment obligations including production bonuses, license fees, capacity building payments (in the case of Genel) and funding of a water purification project (in the case of DNO);
In consideration of these settlements, the government assignedits 20 percent Government Interest in Tawke to DNO, and has removed Genel’s obligation of 30% Capacity Building Bonus payments from the Tawke license;
In addition, DNO and Genel will receive 3% and 4.5% respectively of gross Tawke license revenues each month from the Government over a five-year period, effective as of 1 August, 2017.
With these adjustments, the Kurdistan Regional Government has no further obligations of past payments of receivable or Petroleum Costs to these two companies with respect to deliveries of oil to the Government.
The Government is very pleased with the productive and cooperative approach taken by both DNO and Genel in these negotiations, and looks forward to working with them to maximise revenues and to optimise potential reserves of the Tawke and Taq Taq license areas. We believe that this initiative will convey a strong positive message to the investors that the Government is fully committed to a robust win-win partnership with all the International Oil Companies operating in Kurdistan
KRG Agrees Settlement of Receivables Owed to DNO and Genel Energy
24 August 2017
Erbil, Kurdistan Region - Iraq - The Kurdistan Regional Government (Government) has reached definitive binding agreements on the settlement of all historical outstanding receivables owed to DNO ASA, the operator of Tawke Field (DNO), and Genel Energy plc, which has participating interests in both Taq Taq and Tawke.
The following are the highlights of the settlements:
DNO and Genel shall make no further claims on all historical outstanding Tawke license receivables from the Government;
Genel has also agreed settlement of its claims for its share of historical outstanding Taq Taq license receivables from the Government;
The Government has exercised its audit rights and made provisions to its own satisfaction with respect to the Tawke license for the period up to the 31st July, 2017 and has no further claims on DNO or Genel;
The Government has exercised its audit rights and made provisions to its own its satisfaction with respect to Genel’s past entitlements in the Taq Taq license for the period up to the 31st July, 2017 and has no further claims on payments booked or received by Genel in this regard;
The Government has also discharged DNO and Genel from certain payment obligations including production bonuses, license fees, capacity building payments (in the case of Genel) and funding of a water purification project (in the case of DNO);
In consideration of these settlements, the government assignedits 20 percent Government Interest in Tawke to DNO, and has removed Genel’s obligation of 30% Capacity Building Bonus payments from the Tawke license;
In addition, DNO and Genel will receive 3% and 4.5% respectively of gross Tawke license revenues each month from the Government over a five-year period, effective as of 1 August, 2017.
With these adjustments, the Kurdistan Regional Government has no further obligations of past payments of receivable or Petroleum Costs to these two companies with respect to deliveries of oil to the Government.
The Government is very pleased with the productive and cooperative approach taken by both DNO and Genel in these negotiations, and looks forward to working with them to maximise revenues and to optimise potential reserves of the Tawke and Taq Taq license areas. We believe that this initiative will convey a strong positive message to the investors that the Government is fully committed to a robust win-win partnership with all the International Oil Companies operating in Kurdistan
Antwort auf Beitrag Nr.: 55.593.631 von texas2 am 24.08.17 21:10:10der russe hilft den kurden aus
Rosneft, traders lend more to Kurdistan ahead of referendum -sources
Dmitry Zhdannikov
LONDON (Reuters) - Iraq’s Kurdistan has borrowed funds from its oil buyers including Russia’s Rosneft to help settle a $1 billion London court case, as it cleans up its finances ahead of an independence referendum.
Industry sources said the Kurdistan Regional Government (KRG) had restructured some of its existing crude export finance deals with oil buyers to raise funds to settle a long-running case with UAE-based Dana Gas and its partners.
The settlement, announced on Wednesday, is another sign that the semi-autonomous region is working on getting its finances in order ahead of a planned referendum this month seeking independence from the government in Baghdad.
Kurdistan also signed deals last week with key oil producers on its territory to clear outstanding debts.
“With debts to oil producers cleared and the litigation settled, the KRG is gearing up for the referendum on a positive note. It is obvious that it doesn’t want to carry forward any deadweight,” said an industry source who helped structure the latest deals.
Majid Jafar, managing director of the board at Dana Gas, said: “The KRG has a publicly stated goal of clearing debts with investors. By doing that they become more attractive for investors, they can develop their reserves faster and ultimately raise more capital.”
Kurdistan agreed to pay $1 billion to settle a $2.34 billion lawsuit brought by Dana and its partners in the Pearl consortium over unpaid oil liquids production. The case had run for several years until this week’s agreement.
To help raise the money, Kurdistan asked Rosneft and traders led by Trafigura to effectively restructure existing oil export pre-finance deals and defer some payments, sources said.
Rosneft declined to comment.
Trafigura confirmed that it had participated in the fund raising. “We provide ongoing support to the KRG,” it said.
Trading houses have been bankrolling Kurdistan for the past three years and have been joined this year by Rosneft, which is seeking to expand abroad and often acts as the Russian government’s foreign policy tool.
Prior to the latest round of lending, trading houses as well as Rosneft have loaned the KRG around $3 billion guaranteed by future oil sales.
Out of the $1 billion that the KRG will repay to Dana and its Pearl consortium partners, $400 million will go back to Iraq’s semi-autonomous region where the consortium agreed to increase investments to expand gas production.
Rosneft, traders lend more to Kurdistan ahead of referendum -sources
Dmitry Zhdannikov
LONDON (Reuters) - Iraq’s Kurdistan has borrowed funds from its oil buyers including Russia’s Rosneft to help settle a $1 billion London court case, as it cleans up its finances ahead of an independence referendum.
Industry sources said the Kurdistan Regional Government (KRG) had restructured some of its existing crude export finance deals with oil buyers to raise funds to settle a long-running case with UAE-based Dana Gas and its partners.
The settlement, announced on Wednesday, is another sign that the semi-autonomous region is working on getting its finances in order ahead of a planned referendum this month seeking independence from the government in Baghdad.
Kurdistan also signed deals last week with key oil producers on its territory to clear outstanding debts.
“With debts to oil producers cleared and the litigation settled, the KRG is gearing up for the referendum on a positive note. It is obvious that it doesn’t want to carry forward any deadweight,” said an industry source who helped structure the latest deals.
Majid Jafar, managing director of the board at Dana Gas, said: “The KRG has a publicly stated goal of clearing debts with investors. By doing that they become more attractive for investors, they can develop their reserves faster and ultimately raise more capital.”
Kurdistan agreed to pay $1 billion to settle a $2.34 billion lawsuit brought by Dana and its partners in the Pearl consortium over unpaid oil liquids production. The case had run for several years until this week’s agreement.
To help raise the money, Kurdistan asked Rosneft and traders led by Trafigura to effectively restructure existing oil export pre-finance deals and defer some payments, sources said.
Rosneft declined to comment.
Trafigura confirmed that it had participated in the fund raising. “We provide ongoing support to the KRG,” it said.
Trading houses have been bankrolling Kurdistan for the past three years and have been joined this year by Rosneft, which is seeking to expand abroad and often acts as the Russian government’s foreign policy tool.
Prior to the latest round of lending, trading houses as well as Rosneft have loaned the KRG around $3 billion guaranteed by future oil sales.
Out of the $1 billion that the KRG will repay to Dana and its Pearl consortium partners, $400 million will go back to Iraq’s semi-autonomous region where the consortium agreed to increase investments to expand gas production.
Antwort auf Beitrag Nr.: 55.650.215 von texas2 am 01.09.17 19:29:03http://ir1.euroinvestor.com/asp/ir/GulfKeystone/NewsRead.asp…
http://ir1.euroinvestor.com/asp/ir/GulfKeystone/NewsRead.asp…
easybrent said:
I think MOL is on the list, they know how good the asset is and they have the capital, and they need new resources. MOL is very open in their investor communication that they are looking to acquire E&P asset. I think their issue is that they invested close to $0.5bn in Akri-Bijeel which now turned into dust so it might be a struggle for their BOD to tell its shareholders that they are going to put in another $1bn into GKP/Shaikan over a few years.
I don't think Genel is there anymore. They don't have the capital or expertise to develop the asset better than GKP standalone. They need to use the cash they have to the gas development going and repay their bond.
I think Total is on top of the list, a) Their CEO has been very clear that they are looking to do deals to get lower on the cost curve, b) The Maersk deal also made Total a producer in KRG so they are now more active in the country, c) Total is no 1 or 2 when it comes to expertise on heavy oil reservoir similar to the Shaikan reservoir. With a STOIIP of 7-8.5bn barrels and with only an assumed recovery rate of 7-8%, the best operator of heavy oil field will have a great advantage here, d) Total was allegedly very close to acquiring DNO before the oil price collapsed so they have had their eyes on Kurdistan, e) Total seems to be very comfortable increasing exposure to the Middle East, given the deal they have done for the Al-Shaheen field in Qatar and the South Pars field in Iran in the last year.
DNO is clearly on the list, and I think DNO Chairman Bijan would love to acquire Shaikan. I think DNO issue is that, Bijan is a cheap investor, he won't get involved in a bidding war. He tried to buy GKP when it was distressed and he/RAK bought their stake in DNO when the company had a lot of issues. DNO Chairman said in the past that they were willing to exchange some of the receivables KRG owed them for interest in other blocks (read Shaikan), this option is no longer open as they have done the same deal for additional Tawke interest. I think DNO will try to get GKP but if there is another buyer competing I think it will be a challenge for DNO. DNO will probably offer shares, but I guess the senior bondholder is now looking for a clean cash deal.
Sinopec, the rumors earlier this year seemed to have some substance. If it wasn't for the Taq Taq issues I think Sinopec would be very interested. It must be a big hurdle to put in new billions in KRG after the Taq Taq issues. On the other side, Sinpoec has been active in KRG now for 8 years so they show know how to deal with the government. Shaikan ticks a lot of boxes for Sinpoec.
Rosneft, seems to be very interested in Kurdistan. Maybe they are only after the gas to protect the Russian oligopoly on gas from the east to Europe. I don't think Rosneft would be the most compelling buyer from a GKP shareholder perspective. First, they would most likely want to get Shaikan/GKP as part of a larger government deal between Russia and KRG. That would not yield the best price. Secondly, Rosneft would have some hazel to acquire a UK listed company, even thou GKP ties to the UK is very limited.
Chevron, one of the technical best-equipped company when it comes to carbonate reservoir similar to Shaikan. They operate the Wafra field (Kuwait/Saudi Arabi) which shares a lot of similar reservoir characteristic with Shaikan. They have been very successful lifting the recovery factor from this field. The US oil majors have been very passive on the acquisition front in the current oil price downturn, with the exception from bolt-on acquisitions in the US shale space.
OMV, maybe, but they have probably burnt to much cash already in Kurdistan.
I think it will remain quiet until GKP has sorted out the 2nd amendement for the PSA. But when that is sorted and as soon as one player makes a move for GKP I think several other oil company will resuracfe with significant interest.
denke dass aber auch eine BP, Conoco, ENI, Shell etc. ebenfalls nachziehen müssen, wenn sie nicht Total davon ziehen lassen wollen
http://ir1.euroinvestor.com/asp/ir/GulfKeystone/NewsRead.asp…
easybrent said:
I think MOL is on the list, they know how good the asset is and they have the capital, and they need new resources. MOL is very open in their investor communication that they are looking to acquire E&P asset. I think their issue is that they invested close to $0.5bn in Akri-Bijeel which now turned into dust so it might be a struggle for their BOD to tell its shareholders that they are going to put in another $1bn into GKP/Shaikan over a few years.
I don't think Genel is there anymore. They don't have the capital or expertise to develop the asset better than GKP standalone. They need to use the cash they have to the gas development going and repay their bond.
I think Total is on top of the list, a) Their CEO has been very clear that they are looking to do deals to get lower on the cost curve, b) The Maersk deal also made Total a producer in KRG so they are now more active in the country, c) Total is no 1 or 2 when it comes to expertise on heavy oil reservoir similar to the Shaikan reservoir. With a STOIIP of 7-8.5bn barrels and with only an assumed recovery rate of 7-8%, the best operator of heavy oil field will have a great advantage here, d) Total was allegedly very close to acquiring DNO before the oil price collapsed so they have had their eyes on Kurdistan, e) Total seems to be very comfortable increasing exposure to the Middle East, given the deal they have done for the Al-Shaheen field in Qatar and the South Pars field in Iran in the last year.
DNO is clearly on the list, and I think DNO Chairman Bijan would love to acquire Shaikan. I think DNO issue is that, Bijan is a cheap investor, he won't get involved in a bidding war. He tried to buy GKP when it was distressed and he/RAK bought their stake in DNO when the company had a lot of issues. DNO Chairman said in the past that they were willing to exchange some of the receivables KRG owed them for interest in other blocks (read Shaikan), this option is no longer open as they have done the same deal for additional Tawke interest. I think DNO will try to get GKP but if there is another buyer competing I think it will be a challenge for DNO. DNO will probably offer shares, but I guess the senior bondholder is now looking for a clean cash deal.
Sinopec, the rumors earlier this year seemed to have some substance. If it wasn't for the Taq Taq issues I think Sinopec would be very interested. It must be a big hurdle to put in new billions in KRG after the Taq Taq issues. On the other side, Sinpoec has been active in KRG now for 8 years so they show know how to deal with the government. Shaikan ticks a lot of boxes for Sinpoec.
Rosneft, seems to be very interested in Kurdistan. Maybe they are only after the gas to protect the Russian oligopoly on gas from the east to Europe. I don't think Rosneft would be the most compelling buyer from a GKP shareholder perspective. First, they would most likely want to get Shaikan/GKP as part of a larger government deal between Russia and KRG. That would not yield the best price. Secondly, Rosneft would have some hazel to acquire a UK listed company, even thou GKP ties to the UK is very limited.
Chevron, one of the technical best-equipped company when it comes to carbonate reservoir similar to Shaikan. They operate the Wafra field (Kuwait/Saudi Arabi) which shares a lot of similar reservoir characteristic with Shaikan. They have been very successful lifting the recovery factor from this field. The US oil majors have been very passive on the acquisition front in the current oil price downturn, with the exception from bolt-on acquisitions in the US shale space.
OMV, maybe, but they have probably burnt to much cash already in Kurdistan.
I think it will remain quiet until GKP has sorted out the 2nd amendement for the PSA. But when that is sorted and as soon as one player makes a move for GKP I think several other oil company will resuracfe with significant interest.
denke dass aber auch eine BP, Conoco, ENI, Shell etc. ebenfalls nachziehen müssen, wenn sie nicht Total davon ziehen lassen wollen
Wieviele "reine" Kurdistanplayer gibt es noch, und was passierte mit Western Zagros, bzw warum die Deplazierung vom Markt durch Cestrel Energy?
Ich zähle momentan DNO, Genel und Gulf Key, habe ich etwas vergessen?
Bei Genel fallen die Umsätze, ist dort irgendetwas passiert, oder wollte man nur Nathan Rothschild eins auswischen?
Ich zähle momentan DNO, Genel und Gulf Key, habe ich etwas vergessen?
Bei Genel fallen die Umsätze, ist dort irgendetwas passiert, oder wollte man nur Nathan Rothschild eins auswischen?
Antwort auf Beitrag Nr.: 55.788.270 von texas2 am 20.09.17 20:08:32Gute Analyse zur Situation in N-Irak Kurdistan
https://www.rt.com/op-edge/413789-kurdistan-iraq-krg-crisis/
https://www.rt.com/op-edge/413789-kurdistan-iraq-krg-crisis/
Antwort auf Beitrag Nr.: 56.534.237 von texas2 am 22.12.17 22:13:23Obertägig jagt in N-Irak Kurdistan nach wie vor eine politische Krise die nächste
Untertägig ist alles paletti und Shaikan ist nach wie vor eine Weltklasse Lagerstätte
https://www.pesgb.org.uk/events/london-evening-lecture-febru…
Irgendwie verhext: es ist schon schwer genug Lagerstätten mit geringen geologischen Unsicherheiten und viel Öl zu finden. Und wenn man sie endlich hat, kommt zum Ausgleich politisches Risiko dazu, das die Menschen vor Ort mit Blut bezahlen ...
Untertägig ist alles paletti und Shaikan ist nach wie vor eine Weltklasse Lagerstätte
https://www.pesgb.org.uk/events/london-evening-lecture-febru…
Irgendwie verhext: es ist schon schwer genug Lagerstätten mit geringen geologischen Unsicherheiten und viel Öl zu finden. Und wenn man sie endlich hat, kommt zum Ausgleich politisches Risiko dazu, das die Menschen vor Ort mit Blut bezahlen ...
Antwort auf Beitrag Nr.: 56.173.656 von H2OAllergiker am 13.11.17 20:06:15
Shamaran von den Lundins
Western Zagros wurde zu billig verkauft.
Zitat von H2OAllergiker: Wieviele "reine" Kurdistanplayer gibt es noch, und was passierte mit Western Zagros, bzw warum die Deplazierung vom Markt durch Cestrel Energy?
Ich zähle momentan DNO, Genel und Gulf Key, habe ich etwas vergessen?
Bei Genel fallen die Umsätze, ist dort irgendetwas passiert, oder wollte man nur Nathan Rothschild eins auswischen?
Shamaran von den Lundins
Western Zagros wurde zu billig verkauft.
Moin, leider keine übernahme.
Dieser zahawi ist raus bei gulf.
Spart gulf ein paar tausender im monat lohn.
Gibts meinungen für mögliche übernahme????
Dieser zahawi ist raus bei gulf.
Spart gulf ein paar tausender im monat lohn.
Gibts meinungen für mögliche übernahme????
Antwort auf Beitrag Nr.: 56.684.426 von BaronOppenSAL am 11.01.18 12:08:31https://www.platts.com/latest-news/oil/london/kurdish-crude-…
Kurdish crude oil quality variance limits appeal for Med buyers: sources
London (Platts)--26 Feb 2018 742 am EST/1242 GMT
The quality and quantity of Kurdish crude oil has fluctuated in recent months, frustrating Mediterranean buyers of the grade, but recent changes might return it to some of its previous stability, traders told S&P Global Platts.
In recent years, most crude exports from oil-rich Northern Iraq have been controlled by the Kurdish Regional Government following a power vacuum in the region in 2014 amid fighting with Islamic State for control of the area.
Under a 2016 agreement with Iraq's Baghdad central government, the KRG exported around 550,000-600,000 b/d through Iraq's only northern export route, Kurdistan's export pipeline via Turkey.
However, after a September 2017 referendum in the regions controlled by the KRG that favored independence, the Iraqi government moved to take control of the majority of oilfields in the area.
As a result, exports of the KRG's Kurdish crude, known as KBT, to the Turkish port of Ceyhan fell by half and the quality of crude changed significantly, buyers said.
"When you look at KBT now, it's 200,000-250,000 b/d when it used to be 550,000 b/d," a crude trader active in the market said. "Plus, there are issues of quality; it's heavier and quality has worsened."
Trading sources said heavier crude streams being added to the pipeline were to blame for the changing quality, including the re-appearance of heavy, sour volumes from the Shaikan field.
The exact change in the quality of KBT crude has been the subject of some debate among trading sources, but all acknowledged it had become heavier since the introduction of Shaikan.
"Shaikan has been blended in since October and that has decreased the overall API to around 29 degrees, from around 31 degrees it previously was," a second trader said.
Others said the grade could be even heavier than this.
"I've heard that KBT has gotten heavier and sourer and that the API is below 28 degrees, which is worse than Basrah Light," a third trader said.
The majority of Shaikan crude oil is currently being transported via truck from the Shaikan field to Fishkhabour, where it has been injected into the export pipeline to Turkey gradually since November 15, while the rest is sold domestically, according to field operator Gulf Keystone.
Gulf Keystone operates Shaikan, which it discovered in 2009, and has a 75% working interest. The other partners are Hungary's MOL (20%) and Texas Keystone (5%).
Prior to this, Shaikan field crude had not been added to the Ceyhan pipeline system since February 2017.
"It's created difficulty with lifters; some people have had problems with it, and some of it was dealt with a pricing de-escalator, but often you needed to rebalance it with something else, i.e. you'd buy one more sweet crude cargo than you'd originally anticipated to blend -- and it could end up being more expensive than [buying similar sour crude like] Urals, or Basrah Light outright," a fourth crude trader said.
Ongoing tension over disputed oil fields in the north has caused uncertainty about future exports and what fields will be included in the KRG's KBT crude and Northern Oil Company's Kirkuk crude, which comes from the same region.
However, trading sources said recent news about Shaikan crude being exported north to domestic refineries should assist in a return to the previous quality.
"We've heard lots of different stories, but overall, looks like crude from Shaikan will be exported [elsewhere], so as a result KBT will see a smaller volume, but quality should go back to normal," the fourth trader said. "It will be smaller than 300,000 b/d but quality should stabilize."
One potential outcome of the heavier KBT quality could be to demand boost for other Mediterranean crude grades to be
Kurdish crude oil quality variance limits appeal for Med buyers: sources
London (Platts)--26 Feb 2018 742 am EST/1242 GMT
The quality and quantity of Kurdish crude oil has fluctuated in recent months, frustrating Mediterranean buyers of the grade, but recent changes might return it to some of its previous stability, traders told S&P Global Platts.
In recent years, most crude exports from oil-rich Northern Iraq have been controlled by the Kurdish Regional Government following a power vacuum in the region in 2014 amid fighting with Islamic State for control of the area.
Under a 2016 agreement with Iraq's Baghdad central government, the KRG exported around 550,000-600,000 b/d through Iraq's only northern export route, Kurdistan's export pipeline via Turkey.
However, after a September 2017 referendum in the regions controlled by the KRG that favored independence, the Iraqi government moved to take control of the majority of oilfields in the area.
As a result, exports of the KRG's Kurdish crude, known as KBT, to the Turkish port of Ceyhan fell by half and the quality of crude changed significantly, buyers said.
"When you look at KBT now, it's 200,000-250,000 b/d when it used to be 550,000 b/d," a crude trader active in the market said. "Plus, there are issues of quality; it's heavier and quality has worsened."
Trading sources said heavier crude streams being added to the pipeline were to blame for the changing quality, including the re-appearance of heavy, sour volumes from the Shaikan field.
The exact change in the quality of KBT crude has been the subject of some debate among trading sources, but all acknowledged it had become heavier since the introduction of Shaikan.
"Shaikan has been blended in since October and that has decreased the overall API to around 29 degrees, from around 31 degrees it previously was," a second trader said.
Others said the grade could be even heavier than this.
"I've heard that KBT has gotten heavier and sourer and that the API is below 28 degrees, which is worse than Basrah Light," a third trader said.
The majority of Shaikan crude oil is currently being transported via truck from the Shaikan field to Fishkhabour, where it has been injected into the export pipeline to Turkey gradually since November 15, while the rest is sold domestically, according to field operator Gulf Keystone.
Gulf Keystone operates Shaikan, which it discovered in 2009, and has a 75% working interest. The other partners are Hungary's MOL (20%) and Texas Keystone (5%).
Prior to this, Shaikan field crude had not been added to the Ceyhan pipeline system since February 2017.
"It's created difficulty with lifters; some people have had problems with it, and some of it was dealt with a pricing de-escalator, but often you needed to rebalance it with something else, i.e. you'd buy one more sweet crude cargo than you'd originally anticipated to blend -- and it could end up being more expensive than [buying similar sour crude like] Urals, or Basrah Light outright," a fourth crude trader said.
Ongoing tension over disputed oil fields in the north has caused uncertainty about future exports and what fields will be included in the KRG's KBT crude and Northern Oil Company's Kirkuk crude, which comes from the same region.
However, trading sources said recent news about Shaikan crude being exported north to domestic refineries should assist in a return to the previous quality.
"We've heard lots of different stories, but overall, looks like crude from Shaikan will be exported [elsewhere], so as a result KBT will see a smaller volume, but quality should go back to normal," the fourth trader said. "It will be smaller than 300,000 b/d but quality should stabilize."
One potential outcome of the heavier KBT quality could be to demand boost for other Mediterranean crude grades to be
Antwort auf Beitrag Nr.: 57.127.728 von texas2 am 27.02.18 06:23:33http://www.gulfkeystone.com/media/113940/gkp-2017-fy-results…" target="_blank" rel="nofollow ugc noopener">http://www.gulfkeystone.com/media/113940/gkp-2017-fy-results…
dauert immer alles länger als man denkt und der höhere Ölpreis hilft
dauert immer alles länger als man denkt und der höhere Ölpreis hilft
morning. na geht doch...drüben schon 160 pence. parallel erwarten wir news bei chariot.
ein wenig spannung aufgekommen.
ne schöne woche uns.
ein wenig spannung aufgekommen.
ne schöne woche uns.
Habe wohl den Einstieg verpasst. Habe bisher nie Aktien von GKP besessen (und das war auch gut so), jetzt sieht die Lage allerdings deutlich besser aus. Hoffe auf einen Kursrücksetzer.
), jetzt sieht die Lage allerdings deutlich besser aus. Hoffe auf einen Kursrücksetzer.
morning, kursrücksetzer?
wahlen im irak in kürze...
vielleicht ein neuer vertrag mit gulf....
dazu bekommt gulf noch geld für februar und märz öl.....
kasse 200 mio dollar...
100 mio noch schulden...
ziel wohl 75.000 fässer pro tag zu fördern....
und jederzeit takeover möglich....
nächste woche vielleicht schon 200 pence möglich...
alles gut bei gulf.
schönes wochenende!
wahlen im irak in kürze...
vielleicht ein neuer vertrag mit gulf....
dazu bekommt gulf noch geld für februar und märz öl.....
kasse 200 mio dollar...
100 mio noch schulden...
ziel wohl 75.000 fässer pro tag zu fördern....
und jederzeit takeover möglich....
nächste woche vielleicht schon 200 pence möglich...
alles gut bei gulf.
schönes wochenende!
Will nur noch raus aus Ölaktien.....
Wer kauft Gulf Keystone?
10 $ je Aktie möglich????
Wer kauft Gulf Keystone?
10 $ je Aktie möglich????
Trotz über 30% Preisanstieg beim Rohöl bekommt Gulf immer nur 18Mio. pro Monat.
Ist doch komisch!
Sehe Kurse von 20€ als realistisch bei eine Übernahme
Ist doch komisch!
Sehe Kurse von 20€ als realistisch bei eine Übernahme
Antwort auf Beitrag Nr.: 58.082.173 von Eulenfoerster am 27.06.18 20:44:56
stimmt nicht und gilt vor allem seit Feb 2018 nicht mehr guggst du seite 22 im link unten bzw.
Transparent invoicing linked to Brent and production; no more fixed payments. Discount confirmed at ca.US$22/bbl for 15 months
mMn ist die qualität der gkp präsentationen besser dh ein wenig informativer geworden
http://www.gulfkeystone.com/media/119090/corporate-presentat…
Zitat von Eulenfoerster: Trotz über 30% Preisanstieg beim Rohöl bekommt Gulf immer nur 18Mio. pro Monat.
Ist doch komisch!
Sehe Kurse von 20€ als realistisch bei eine Übernahme
stimmt nicht und gilt vor allem seit Feb 2018 nicht mehr guggst du seite 22 im link unten bzw.
Transparent invoicing linked to Brent and production; no more fixed payments. Discount confirmed at ca.US$22/bbl for 15 months
mMn ist die qualität der gkp präsentationen besser dh ein wenig informativer geworden
http://www.gulfkeystone.com/media/119090/corporate-presentat…
Antwort auf Beitrag Nr.: 58.108.036 von texas2 am 01.07.18 07:59:04it is difficult or impossible to get full value for an asset or a company if it is perceived as a distressed asset sale or “fire sale”. In a competitive auction situation it might not make much difference, because the potential purchasers are fighting with each other to acquire the asset. But Oil and Gas deals are seldom done on that basis, and are instead almost always very slow negotiated sales which can take two years to complete. Even an apparently simple farm-out is a slow process, due diligence being just one essential task. And where a change of operatorship is involved, the approval of the government which issued the licence is required. In theory, such approval can in some cases be required for the sale of even one share, though this doesn’t happen. There are (low-profile) specialists who focus on this change-of-ownership angle, not surprisingly because major oilfields are strategic assets and companies seek expert advice. There has unsurprisingly been a trend towards increasing government involvement. An industry person said to me only yesterday “Running a company such as GKP really requires a schmoozer on the board. Jaap Huijskes doesn’t appear that type, his career has been operational. Who plays the schmoozer role?”. And of course the Number One rule with Oil and Gas is “never upset the host government such that the licence is put at risk”. There are certainly some rather odd people in the sector, but the O&G sector is not a typical industry. The role which was played by former GKP Chief Strategy Officer Nadhim Zahawi MP is unclear. In my opinion, the DNO “Offer” and the public manner in which it was handled by DNO and GKP was quite extraordinary. Some have suggested over the past couple of days that the $45 million incremental borrowing cap, which was placed upon GKP via the 2016-21 Notes and which had not been widely spotted, was designed to prevent the GKP board actually doing anything. Yes, Jon Ferrier said two years ago that he needed the Open Offer funds to address a hypothetical issue at Shaikan (“gassing-out”) which never in fact occurred, and he subsequently said that he was going to be doing things. But he never did them. The wells have not even, so far as we know, received any subsurface maintenance. Such maintenance requires a workover rig, and it would be absurd to do such work and not install an Electric Submersible Pump at the sane time. Some people allege that installing an ESP is a big job. But GKP used one at Shaikan-1 when restesting the Mus, as the following which was published on 11 August 2010 explicitly says: ......... Gulf Keystone Petroleum’s (LON:GKP) on-going testing of the Shaikan-1 discovery well continues to improve what is already a major oil discovery. In its re-testing of the Mus section of the Jurassic formation, the company has demonstrated a 10-fold increase in natural flow rates to 1,250bopd (barrels of oil per darrels of oil per day). The company also highlighted that, by using a low-capacity electric submersible pump (ESP) the rates increased further to 2,250bopd. "This retest of the Mus formation demonstrates that even this very low GOR zone is capable of substantial natural flow production rates when properly configured,” Gulf Keystone COO John Gerstenlauer said. “In addition, it gives us further encouragement for future development, having demonstrated significantly increased production values even with a low capacity ESP." ......... So we see that even during the restesting programme, John Gerstenlauer successfully utilised a low-capacity ESP on just one of the Jurassic zones. Yet Jon Ferrier couldn’t install one single ESP in the three years that he has been the CEO? You show me someone who says it was too expensive or GKP didn’t know how to do it, and I’ll show you a liar. So where are we now? We have the Midsummer Night’s Dream - $222 million of cash as at 21 June 2018. Hundreds of millions of dollars due, going forward, to GKP for Cost Recovery etc. Endless buying of shares by funds. Strong EBITDA. Strong monthly cashflow. Regular payments for export from the MNR. The restrictive Notes with their associated incremental borrowing cap being torn up, and replaced by an industry-standard arrangement. Investor demand to fund GKP: “The bond placement received strong investor demand, both from existing and new investors across international markets and was oversubscribed”; (that is directly from the RNS). The Shaikan field now connected to the Atrush Feeder Pipeline, with an announcement about that surely due by Friday this week as part of an AGM update. A detailed programme to go back though the 40,000 bopd level and then to 55,000 bopd. Outline plans for 75,000 bopd in the longer-term. And then toward 110,000 bopd...and wherever. A market capitalisation which is much better than it was, but which is way below the ERC Equipoise NPV (0%) $3.067 billion figure for the 2P Reserves alone (at the 58% interest level). The 2C Contingent Resources now being prominently presented by GKP. Shaikan being described by GKP as unlike other Kurdistan reservoirs. Shaikan the biggest KRG-controlled oilfield - it’s Number One. A new Shaikan Field Development Plan on the horizon. A new Shaikan Competent Person’s Report also on the horizon. The recovering oil price defying the “Lower for Longer” prophets of doom. International oil discoveries running at their lowest levels since the 1940s with almost zero reserves replacement. Should GKP be sold? In my opinion potentially “yes”, but only at a price which reflects the value of the asset. Which - as GKP have reminded us - isn’t currently 58% of Shaikan but actually 80%. The percentage is being negotiated. I find that interesting, because how could anyone make an offer for GKP when they don’t know the percentage
Antwort auf Beitrag Nr.: 58.174.154 von texas2 am 10.07.18 07:12:51Wenns wen im nachhinein noch einmal interessiert
https://www.aftau.org/document.doc?id=449
https://www.aftau.org/document.doc?id=449
Antwort auf Beitrag Nr.: 58.082.173 von Eulenfoerster am 27.06.18 20:44:56Wie kommst du auf 20€ ??
Antwort auf Beitrag Nr.: 58.215.218 von texas2 am 14.07.18 19:41:54Es wurde mit den Arbeiten begonnen um in rund einem Jahr geplante 55.000 bbl/d zu fördern
http://www.gulfkeystone.com/media/119551/gkp-corporate-prese…
http://www.gulfkeystone.com/media/119551/gkp-corporate-prese…
Der Preis von Rohöl sinkt. Da kann man die Produktion erhöhen ohne Mehrwert. Der Kurs wird weiter fallen.
Antwort auf Beitrag Nr.: 59.837.260 von texas2 am 10.02.19 17:50:29In ihrer Präsentation vom 12. September 2018 hat GKP angekündigt die completion H2 2019 für die 55.000 bbl/d.
In der Feb 2019 Präsentation heißt es jetzt Q 1 20120, für das Planziel 55.000 bblpd.
In der Feb 2019 Präsentation heißt es jetzt Q 1 20120, für das Planziel 55.000 bblpd.
Antwort auf Beitrag Nr.: 59.837.515 von texas2 am 10.02.19 18:47:13... 2020 ...
Antwort auf Beitrag Nr.: 59.837.533 von texas2 am 10.02.19 18:49:18Der Kurs hält sich für diese - schon neg. Nachricht - recht gut.
Antwort auf Beitrag Nr.: 60.695.294 von texas2 am 30.05.19 00:46:14A Rock road kurdish oil and Independence siehe PDF als Nachlese
https://iraqenergy.org/2018/02/19/a-rocky-road-kurdish-oil-a…
https://iraqenergy.org/2018/02/19/a-rocky-road-kurdish-oil-a…
Antwort auf Beitrag Nr.: 60.774.871 von texas2 am 10.06.19 20:51:11Operational
· Workovers on SH-1 and SH-3 have now been completed, resulting in the anticipated material production uplift at both wells. Production from SH-1 has increased by 105% to 7,800 bopd and SH-3 by 40% to 6,200 bopd.
· The SH-12 well (formerly called SH-H) was spudded on 7 June with DQE's Rig 40, signalling the commencement of the Company's drilling campaign; a major milestone for Gulf Keystone.
· The next well, forecasted to spud in Q4 2019, will be SH-9 which aims to assess the feasibility of gas reinjection into the Jurassic formation, rather than the originally planned Jurassic production well.
· The workovers to install Electric Submersible Pumps ("ESP") will take place in Q4 2019.
· As part of the 2019 work-programme, PF-1 was shut down on 10 June for planned maintenance and the installation of equipment required for the 55,000 bopd de-bottlenecking project. The facility is scheduled to be offline for approximately 15-20 days.
· The installation of the PF-1 export pipeline infrastructure continues. The pipeline is now installed, and export pumps and the associated controls are currently being fitted. The pipeline is expected to be operational in Q3 2019.
· Average gross production of 29,993 barrels of oil per day ("bopd") achieved to date in 2019 with production levels of 38,100 bopd attained prior to the PF-1 shut down.
· Full year production guidance remains unchanged, although due to changes in the drilling schedule average gross production in 2019 is currently expected to be at the lower end of the 32,000 - 38,000 bopd guidance.
· As a result of the revised timeframe, the 55,000 bopd production target is now expected to be achieved in Q2 2020, as opposed to previous guidance of Q1 2020.
Corporate
· At the request of the Ministry of Natural Resources ("MNR"), GKP a
· Workovers on SH-1 and SH-3 have now been completed, resulting in the anticipated material production uplift at both wells. Production from SH-1 has increased by 105% to 7,800 bopd and SH-3 by 40% to 6,200 bopd.
· The SH-12 well (formerly called SH-H) was spudded on 7 June with DQE's Rig 40, signalling the commencement of the Company's drilling campaign; a major milestone for Gulf Keystone.
· The next well, forecasted to spud in Q4 2019, will be SH-9 which aims to assess the feasibility of gas reinjection into the Jurassic formation, rather than the originally planned Jurassic production well.
· The workovers to install Electric Submersible Pumps ("ESP") will take place in Q4 2019.
· As part of the 2019 work-programme, PF-1 was shut down on 10 June for planned maintenance and the installation of equipment required for the 55,000 bopd de-bottlenecking project. The facility is scheduled to be offline for approximately 15-20 days.
· The installation of the PF-1 export pipeline infrastructure continues. The pipeline is now installed, and export pumps and the associated controls are currently being fitted. The pipeline is expected to be operational in Q3 2019.
· Average gross production of 29,993 barrels of oil per day ("bopd") achieved to date in 2019 with production levels of 38,100 bopd attained prior to the PF-1 shut down.
· Full year production guidance remains unchanged, although due to changes in the drilling schedule average gross production in 2019 is currently expected to be at the lower end of the 32,000 - 38,000 bopd guidance.
· As a result of the revised timeframe, the 55,000 bopd production target is now expected to be achieved in Q2 2020, as opposed to previous guidance of Q1 2020.
Corporate
· At the request of the Ministry of Natural Resources ("MNR"), GKP a
Antwort auf Beitrag Nr.: 60.866.689 von texas2 am 22.06.19 10:38:45https://ir1.q4europe.com/asp/ir/GulfKeystone/NewsRead.aspx?s…
10 Mio für das im feb 2019 geförderte Öl bekommen
10 Mio für das im feb 2019 geförderte Öl bekommen
Antwort auf Beitrag Nr.: 60.866.713 von texas2 am 22.06.19 10:44:23https://www.gulfkeystone.com/media/121662/agm-presentation-f…
Antwort auf Beitrag Nr.: 60.866.737 von texas2 am 22.06.19 10:49:51Fast 300 Mio auf dem Konto. Davon werden 50 Mio als Dividende ausgeschüttet und mit 25 Mio Aktien zurückgekauft. 2015 hatten wir 200 Mio Verluste geschrieben, jetzt 80 Mio Gewinn und die Produktion soll von 30 Mbpd auf 50.000 bblpd in einem Jahr gestiegen sein.das Tal der Tränen könnte durchschritten sein hoffen wir dass die Kurden das Öl weiter brav bezahlen und die hitzköpfe da unten nicht wieder alles kaputt machen bzw uns mit den City Boys nicht abzocken
Antwort auf Beitrag Nr.: 60.866.821 von texas2 am 22.06.19 11:07:00https://oilprice.com/Energy/Crude-Oil/The-Last-Truly-Underde…
Antwort auf Beitrag Nr.: 60.908.589 von texas2 am 27.06.19 22:57:53https://www.londonstockexchange.com/exchange/news/market-new…
Rückkauf hat begonnen
Rückkauf hat begonnen
Antwort auf Beitrag Nr.: 60.999.773 von texas2 am 10.07.19 23:20:46Ashti Hawrami, to take the post of Assistant to the Prime Minister for Energy affairs
Follow-up of the implementation of the decisions and recommendations and policies of Kurdistan Regional Government - Iraq in the oil and gas sector, under Article (VI) of Kurdistan Region Oil and Gas Law, No. 22 of 2007, and in consultation with the Prime Minister.
- Presenting recommendations to the Prime Minister in the energy field.
- Completion of special tasks assigned by the Prime Minister, in the energy sector.
As I stated , wings clipped BUT not imprisoned for curruption, ( probably because he knows where the bodies are buried.) It would be silly to lose his knowledge and expertise - good decision by Barzani.
Das von surrey mit den clipped wings trifft es glaube ich
Follow-up of the implementation of the decisions and recommendations and policies of Kurdistan Regional Government - Iraq in the oil and gas sector, under Article (VI) of Kurdistan Region Oil and Gas Law, No. 22 of 2007, and in consultation with the Prime Minister.
- Presenting recommendations to the Prime Minister in the energy field.
- Completion of special tasks assigned by the Prime Minister, in the energy sector.
As I stated , wings clipped BUT not imprisoned for curruption, ( probably because he knows where the bodies are buried.) It would be silly to lose his knowledge and expertise - good decision by Barzani.
Das von surrey mit den clipped wings trifft es glaube ich
Gefaellt mir immer besser und denke wir sind über den Berg solange kein schwarzer Schwan kommt
https://investegate.co.uk/gulf-keystone-petrol--gkp-/rns/201…
https://investegate.co.uk/gulf-keystone-petrol--gkp-/rns/201…
Die dunklesten Tage (siehe unten von M. zusammengefasst in lse) sollten vorbei sein. Für mich zurzeit nicht ganz ersichtlich warum der Gkp Kurs schwächelt.
................................................................
IMO the KRG might have been able to pay GKP all they were owed thus avoiding restructuring , should any real evidence come to light the PIs might well be clubbing together and bringing our own action.
Everhopeful
Sorry to pop your bubble, but prior to 2016 and at the time of the Restructuring the KRG owed GKP $72,000,000 in Unpaid Back Cost Arrears, which if they had have been paid on time would not have Paid Off GKP's $600,000,000 Debt nor stopped the Hedge Funds from Short Selling GKP down to 0.88p (1 cent) and the need to Restructure GKP Debt of $600,000,000 +.
The Facts are simple.
When Share are Issued in exchange for Funds, those Shares can be sold on to PI's, but when Bonds are Issued the Debt is kicked down the road to the Maturity Date
By Issuing Bonds instead of Shares to Finance GKP's Appraisal Works on Shaikhan, GKP had over stretched themselves, which left themselves venerable to Hedge Funds Short Selling Antics.
And once the Hedge Fund Short Selling had started, GKP was effectively black listed from gaining any Finance to rescue themselves from any Source.
................................................................
IMO the KRG might have been able to pay GKP all they were owed thus avoiding restructuring , should any real evidence come to light the PIs might well be clubbing together and bringing our own action.
Everhopeful
Sorry to pop your bubble, but prior to 2016 and at the time of the Restructuring the KRG owed GKP $72,000,000 in Unpaid Back Cost Arrears, which if they had have been paid on time would not have Paid Off GKP's $600,000,000 Debt nor stopped the Hedge Funds from Short Selling GKP down to 0.88p (1 cent) and the need to Restructure GKP Debt of $600,000,000 +.
The Facts are simple.
When Share are Issued in exchange for Funds, those Shares can be sold on to PI's, but when Bonds are Issued the Debt is kicked down the road to the Maturity Date
By Issuing Bonds instead of Shares to Finance GKP's Appraisal Works on Shaikhan, GKP had over stretched themselves, which left themselves venerable to Hedge Funds Short Selling Antics.
And once the Hedge Fund Short Selling had started, GKP was effectively black listed from gaining any Finance to rescue themselves from any Source.
Antwort auf Beitrag Nr.: 62.010.110 von texas2 am 25.11.19 20:20:35Denke die verpäteten Zahlungen der kurdischen Regierung sind schuld am tiefen Kurs.
Früher wäre Gulf ein Übernahmenkandidat gewesen und 5-7 Mrd wären möglich gewesen. Heute geift man leider nicht mal mit der Kneifzange nach solchen Ölperlen.
Früher wäre Gulf ein Übernahmenkandidat gewesen und 5-7 Mrd wären möglich gewesen. Heute geift man leider nicht mal mit der Kneifzange nach solchen Ölperlen.
Antwort auf Beitrag Nr.: 62.010.110 von texas2 am 25.11.19 20:20:35Da denkt man im Nov dass man über den Berg ist nach der ganzen ISS Sch****, und wird im Feb dann kalt von so einer Fledertiergrippe aus China erwischt ...
Antwort auf Beitrag Nr.: 62.777.495 von texas2 am 25.02.20 06:10:37Und hältst du noch aus, oder hast du bereits verkauft?
Antwort auf Beitrag Nr.: 62.777.495 von texas2 am 25.02.20 06:10:37Also ich habe die Tage gekauft und lege mich jetzt ganz entspannt zurück. Mann muss sich auch trauen an der Börse Schnäppchen zu machen.
Nachdem es Gkp trotz geringer Produktionskosten es im Mai geschafft hat für das geförderte Öl nicht bezahlt zu werden kein Wunder dass JF mit relativ wenigen Stimmen verlängert wurde
https://s3-eu-west-2.amazonaws.com/wp-gulfkeystone-2020/medi…
https://s3-eu-west-2.amazonaws.com/wp-gulfkeystone-2020/medi…
Antwort auf Beitrag Nr.: 64.101.564 von texas2 am 20.06.20 12:02:36Und meinst du die Aktie steigt? Ich bin hier positiv gestimmt. Die haben ordentlich Geld auf der Bank und aus der Ecke brennt nichts an.
Der CEO Jon Ferrier haut den Hut drauf und verlässt Gkp
https://polaris.brighterir.com/public/gulf_keystone_petroleu…
https://polaris.brighterir.com/public/gulf_keystone_petroleu…
Kein Kriminalroman ist so spannend wie N Irak Kurdistan. Und vor allem werden unendlich laufend wie mir scheint neue Kapitel generiert. Hier jetzt die story zu den verschwundenen Milliarden im Libanon, mit denen eigentlich auch Gkp Ende 2019 hätte bezahlt werden sollen und das ein Teil der Probleme von Gkp zurzeit ist.
https://www.bnnbloomberg.ca/the-billion-dollar-broker-who-ma…
Investing
5h ago
The Billion-Dollar Broker Who Managed a Nation’s Oil Wealth
Jack Farchy and Javier Blas, Bloomberg News
DOHUK, IRAQ, MAY 31: Kurdish engineers and other employees work at the Tawke oil field near the town of Zacho on May 31, 2009 in Dohuk province about 250 miles north of Baghdad, Iraq. The Iraqi autonomous region of Kurdistan began crude oil exports on June 1, 2009 for the first time from two major oil fields, piping around 90,000 barrels per day (bpd). (Photo by Muhannad Fala'ah/Getty Images)
DOHUK, IRAQ, MAY 31: Kurdish engineers and other employees work at the Tawke oil field near the town of Zacho on May 31, 2009 in Dohuk province about 250 miles north of Baghdad, Iraq. The Iraqi autonomous region of Kurdistan began crude oil exports on June 1, 2009 for the first time from two major oil fields, piping around 90,000 barrels per day (bpd). (Photo by Muhannad Fala'ah/Getty Images) , Photographer: Muhannad Fala'ah/Getty Images Europe
(Bloomberg) -- The wire transfer was just one of millions that ricochet through the global financial system every day. Starting at the Zurich branch of a Russian state bank, $800 million zipped through Citigroup Inc. in New York before landing in a small bank in Lebanon.
The payment came from Russian oil giant Rosneft PJSC –- a loan to the cash-strapped government of the breakaway region of Kurdistan in northern Iraq that would be repaid with barrels of crude.
It was the opening tranche of a $6 billion torrent of cash that made a similar journey over the next two years. But the account didn’t belong to the Kurdish government. The money flowed to a company registered in the tax haven of Belize, with a mailing address in Cyprus, and controlled by a Pakistani-born businessman: Murtaza Lakhani.
A veteran of the oil industry’s most challenging jurisdictions, Lakhani was using his company’s account at Lebanon’s BankMed SAL as the clearing house for Kurdistan’s new-found oil wealth.
Disclosed as part of a lawsuit, the billions of dollars that flowed in and out of the account offer a rare window into the inner workings of the global oil trade.
It’s a tale of petrodollars and power in the Middle East, linking the world’s largest commodity traders with local politicians, the Kremlin and even the family of Lebanon’s former prime minister. The lawsuit, a dispute between Lakhani’s company and BankMed, provides hundreds of pages of wire transfers, emails, and ledgers, providing a payment-by-payment insight into his role at the heart of one of the hottest oil trades in recent years: selling Kurdish crude.
Private Individual
Lakhani’s relationship with the Kurdish government was extraordinary for a private individual. Through his company, IMMS Ltd., Lakhani handled payments from Rosneft and oil traders like Vitol Group and Trafigura Group; he made payments for foreign companies to which the Kurdistan Regional Government owed money; and he transferred hundreds of millions of dollars to the Kurdish finance ministry itself.
The set-up may spur campaigners to amplify calls for greater transparency in the oil industry. It remains unclear how much money Lakhani was making from handling Kurdistan’s cash flows. The use of the BankMed accounts has also exacerbated the region’s economic woes because a banking crisis in Lebanon left some of the funds marooned in Lakhani’s company’s account.
“Oil trading remains secretive in far too many countries, which creates space for potential controversies such as this one,” said Alexandra Gillies, an adviser at the Natural Resource Governance Institute. “The trading companies and the governments involved have a responsibility to be more transparent and follow due process.”
The Kurdish Ministry of Natural Resources said in a statement that it agreed to use IMMS’s account in 2017 because it had “no other viable options.” Lakhani’s company was “only a service provider and is only paid fees by the KRG according to its contract.”
To view the documents from the court case between Lakhani’s company and BankMed, click here.
A spokesman for Lakhani said that all banking transactions carried out by IMMS on behalf of the Kurdish government were instructed, approved and countersigned by the Kurdish Ministry of Natural Resources. “These operations were always done in full compliance with local laws and regulations and with full transparency between all parties,” the spokesman said.
For the trading companies that dealt with him, Lakhani is an awkward counterpoint to the recent trend of publicly disavowing the use of middlemen, or “agents.” In private, the traders argue that Lakhani wasn’t their man: he was the agent of the Kurds, and they paid through him because the Kurdish authorities instructed them to do so. The size of the deals suggests they had few qualms. In just one three-month period last year, Vitol, Trafigura and smaller trading house Petraco Oil Group paid a combined total of more than $1 billion into the account of Lakhani’s company, according to data disclosed in the lawsuit.
Trafigura and Petraco declined to comment, while Vitol said it had stringent controls to ensure compliance with all laws and regulations.
For Lakhani, playing middleman for the Kurdish government reprised a role he’d perfected over his career.
The 58-year-old businessman has been working in hot spots of the oil trading world for decades. Known for his wide network of contacts, he is equally at home in the discreet world of Swiss finance as the oil fields of Iraq.
Asked a few years ago to describe his role in the oil industry, he told the Financial Times: “I get my hands dirty.” (Lakhani’s spokesman said that he had meant he was “prepared to work hard in a ‘hands on’ manner, often in a small team.”) Despite his role at the heart of some of the world’s hottest oil deals, however, he eschews the limelight, only occasionally speaking in public and rarely allowing himself to be photographed.
Family Business
Born in Karachi in 1962 but raised in England and Canada, Lakhani began his career in commodities helping with his family business trading rice, cotton and wheat. On an old personal web page, he said that in the 1980s he “moved his focus to oil trading, concentrating on some of the most challenging markets in the world.”
Soon, that meant Iraq under Saddam Hussein, working as an agent for Glencore Plc, the world’s largest commodity trader. Describing himself as Glencore’s “man in Baghdad,” Lakhani received a monthly fee of $5,000 to help the company buy Iraqi crude.At the time, Iraq could only sell its crude via a system known as the oil-for-food program, administered by the United Nations. But with demand for oil booming, Saddam found a loophole in the early 2000s, asking traders to pay a surcharge to his government outside the UN system.
A later investigation into the oil-for-food program found that Lakhani paid just over $1 million in surcharges for crude that was ultimately bought by Glencore, despite UN staff issuing warnings to traders that paying the surcharges was illegal. Lakhani himself provided UN investigators receipts for cash he’d received from Glencore –- as much as $415,000 on one occasion –- which he then transported across Switzerland before delivering it to the Iraqi diplomatic mission in Geneva.
“Mr. Lakhani was asked to attend interviews with the U.S. government to assist it with its investigation, and voluntarily provided his assistance,” Lakhani’s spokesman said. “Since 2006, Mr. Lakhani has had no further involvement with this matter.” Glencore declined to comment.
Neither Lakhani nor Glencore was ever charged with any wrongdoing in the oil-for-food affair.
British General
More recently, he expanded his oil trading business, recruiting grandees to the boards of his various companies including Simon Murray, the former Glencore chairman, and Charles Guthrie, who’d been the most senior general in the British army.One of his latest ventures has involved another difficult oil producer: Venezuela. For several months in 2019 and 2020, Lakhani’s company helped to ship Venezuelan crude through an obscure route -- his tankers picked up the oil half way through its voyage, via a ship-to-ship transfer off the west coast of Africa. After Washington slapped sanctions on Rosneft Trading SA, one of the major shippers of Venezuelan oil, one of Lakhani’s companies, Mercantile & Maritime, said it planned to end the business linked to the country.
Lakhani’s spokesman said the Venezuelan deals were fully compliant with international law.
Then there was Kurdistan.
Lakhani had been doing business in northern Iraq for years, but his moment came in 2014, when, with the jihadist group Islamic State expanding its reach into Iraq, Kurdish fighters took over the key oil city of Kirkuk. With access to more crude, the Kurds’ long-cherished dreams of independence seemed closer. But first they needed to find buyers for their oil. And that wasn’t easy as the central government in Baghdad, which until then largely controlled all sales, threatened legal action.
Lakhani stepped in. According to his spokesman, IMMS began working with the regional government of Kurdistan in 2014, “assisting in the exporting of crude oil from the Kurdistan region through logistics, shipping and port management services.” At the time, only a handful of oil trading houses were willing to touch the oil, including Vitol, Trafigura and Petraco. “He knew exactly who would and who wouldn’t deal with us,” Kurdish Natural Resources Minister Ashti Hawrami told Reuters in 2015.
Putin Ally
Soon the riches of Kurdistan attracted Rosneft, led by Igor Sechin, a close ally of President Vladimir Putin. In February 2017, Rosneft announced its first deal to buy Kurdish oil and in June the two sides signed an even bigger deal. Perhaps symbolically, the scions of Kurdistan’s two most important clans –- the Barzani and Talabani families –- presided over the signature of the contract. As Sechin and Hawrami inked the agreeement, smiling behind them stood Nechirvan Barzani and Qubad Talabani, who today are the region’s president and deputy prime minister, respectively. Asked whether the deal would raise eyebrows, Barzani replied: “I hope so.”
The arrival of Rosneft and its money was also a turning point for Lakhani. Just as the Russian company was readying its first payments, the Kurdish government was facing growing difficulties. Until mid-2017, the KRG had received oil revenues via a bank in Erbil that had a relationship with Commerzbank AG in Germany, and via Halkbank in Turkey. But then the U.S. started investigating Halkbank for helping to evade sanctions against Iran, freezing $200 million of the Kurdish government’s money. The Commerzbank route “was no longer viable” due to concerns about Iraq’s banking sector, according to the Kurdish Ministry of Natural Resources.
The Kurds turned, once again, to Lakhani. The businessman hit upon BankMed of Lebanon after an introduction from one of the Lebanese bank’s shareholders, according to an IMMS affidavit. The bank was well connected: it was partly owned by the country’s then prime minister, Saad Hariri, and his family. A spokesperson for Hariri denied that he or any other shareholder had introduced IMMS to BankMed.
By August 2017, IMMS had opened an account at BankMed. A month later, the emails between the company and the bank showed a growing urgency. “i know u already discussed with ML abt a sub account for IMMS,” wrote a top employee of IMMS in an email on Sep. 27, in an apparent reference to Lakhani. “What do u need to open it asap,” the employee asked, “as i will probably expecting funds soon!”
Temporary Measure
“In 2017, with no other viable options, and the KRG facing growing cash-flow problems, it agreed with IMMS (which had an account with BankMed in Lebanon), to ask BankMed to open a sub-account,” the Kurdish ministry said. “The arrangement with IMMS and BankMed was seen by the KRG as a necessary but temporary measure until other sustainable banking options became viable to the KRG.”
And so the money started to flow. A SWIFT message, disclosed in the U.S. court case, memorializes the $800 million payment on 13 December 2017 from Rosneft Trading’s account at Gazprombank JSC in Zurich to be paid, via Citibank in New York, to the IMMS BankMed account. The message notes that the money is an advance payment under “THE CRUDE OIL PURCHASE AND SALE CNTR REF 2016/KRG RN001” and reassures the banks involved that it’s fully compliant with sanctions. Two days later, IMMS placed $725 million into separate short-term deposit accounts at BankMed.
Lakhani’s spokesman said that the $800 million received from Rosneft in December 2017 and the $725 million in deposits made two days later were “not related in anyway” and that “any suggestion of a conflict of interest is unfounded and without merit.”
Rosneft said that its payments to IMMS’s account were “absolutely transparent and fully in line with local regulation,” and added that they had been approved and signed off by the Kurdish Ministry of Natural Resources. Gazprombank confirmed the December 2017 transaction, adding that it “strictly adheres to the rule of law in all jurisdictions in which it operates.”
Over time, the flow of money into the IMMS account grew and grew. Between December 2017 to the end of 2019, IMMS carried out more than $6 billion in banking transactions via BankMed, not only directly, but also via the accounts the Lebanese bank kept in New York with correspondent banks Citibank, JPMorgan Chase & Co., Bank of New York Mellon Corp. and Standard Chartered Plc. The banks declined to comment.
Interest Rate
By November the following year, IMMS agreed to place $1 billion into a three-year term deposit with BankMed. The interest rate would be 10% -- or $100 million a year – to be paid into a separate account.
Things started to go wrong when a banking crisis struck Lebanon late last year. As money ran short throughout the Lebanese financial system, IMMS tried to withdraw the $1 billion – but BankMed blocked it. Lakhani’s company started legal proceedings against BankMed, and soon after, the bank ended its business relationship with him, canceling several accounts.
When Lakhani tried to recover his money by suing BankMed, he opened a window on his role in Kurdistan.
The legal papers show how Lakhani’s business stretched through the global oil industry. According to a ledger that covers the period between March and May 2019, just over $2.8 billion flowed into the account at BankMed. The largest single named source of funds during that period is Vitol, through its wholly-owned subsidiary Arkham – which in three months paid $443 million into the IMMS account, according to Bloomberg calculations based on court filings.
Traders Follow
Other traders were not far behind: Edgewater Falls, a company rivals say is connected to Petraco, paid $436 million; Trafigura paid $331 million; and Rosneft paid $182 million. On the other side, IMMS was paying the expenses of the Kurdish government. The accounts detail wire transfers to oil companies pumping crude in the region, including DNO ASA and Genel Energy Plc. IMMS also transferred money directly to the Kurdish finance ministry – some $765 million over the three months. The traders, Lakhani, and the Kurdish ministry all declined to comment on the details of the transactions. Genel said that all sources of payments due to it from the Kurdish government were subject to its due diligence; DNO did not respond to a request for comment.
On paper, the funds that got blocked appeared to be Lakhani’s own money, deposited in accounts belonging to IMMS. Still, as soon as the money was frozen, the Kurdish government ran into a financial crisis, unable to meet payments. According to an audit by Deloitte of Kurdistan’s oil revenues, the country had about $318 million locked in an account in Lebanon at the end of 2019.
It’s clear that IMMS was handling money on behalf of the Kurdish government. The court filings include payment orders to BankMed signed by Hawrami; and both Lakhani’s spokesman and the Ministry of Natural Resources said that each payment on behalf of the KRG was authorized by the ministry.
It’s less obvious from the legal filings where the Kurds’ money ends and Lakhani’s own money begins, how lucrative the business of handling the billions of dollars for Kurdish oil was, and who benefited from any profits.
Credit Line
IMMS was one of several companies owned by Lakhani to hold accounts at BankMed -- others included Oil & Gas Management Services Group Limited, a British Virgin Islands-registered entity, and Mercantile and Maritime Energy Pte Ltd. of Singapore. And thanks to the $1 billion that IMMS deposited at BankMed, Lakhani was granted as much as $800 million in lines of credit to carry out other activities.
Lakhani’s spokesman said that the Kurdish government’s money “was not part of the $1 billion.”
“Legal and accounting safeguards were in place to ensure separation between IMMS’s funds and the KRG’s funds,” the spokesman said.
The Kurdish ministry said that “to our knowledge,” the sub-account into which its oil revenues were paid was a current account which did not accrue interest.
In early April, the lawsuit between Lakhani’s company and its Lebanese bank was settled out of court –- with the two sides “amicably resolving their disputes and dismissing all legal proceedings between them,” according to a statement. Yet the fallout from the Lebanese banking crisis is still being felt in Kurdistan, which has yet to pay a significant chunk of the bills that were due to oil companies pumping crude in the region between November 2019 and February 2020.
The Kurdish Ministry of Natural Resources told Bloomberg that “some $250m of the KRG’s money remains stuck in the BankMed sub-account.” This money was due to be paid to oil companies pumping crude in the region between November 2019 and February 2020. The plunge in oil prices exacerbated the problem.
Lakhani’s spokesman said it would be “wholly untrue” to suggest that IMMS’s actions led to Kurdistan’s financial crisis.
Regardless, the legal battle appears to have dented Lakhani’s influence in Kurdistan. The Kurdish government in early 2020 opened an account at Citibank through which it is processing “most of its oil revenues from the buyers”, according to the Ministry of Natural Resources. However, it added: “Even now IMMS services are still needed to facilitate some of the transfers.”
©2020 Bloomberg L.P.
https://www.bnnbloomberg.ca/the-billion-dollar-broker-who-ma…
Investing
5h ago
The Billion-Dollar Broker Who Managed a Nation’s Oil Wealth
Jack Farchy and Javier Blas, Bloomberg News
DOHUK, IRAQ, MAY 31: Kurdish engineers and other employees work at the Tawke oil field near the town of Zacho on May 31, 2009 in Dohuk province about 250 miles north of Baghdad, Iraq. The Iraqi autonomous region of Kurdistan began crude oil exports on June 1, 2009 for the first time from two major oil fields, piping around 90,000 barrels per day (bpd). (Photo by Muhannad Fala'ah/Getty Images)
DOHUK, IRAQ, MAY 31: Kurdish engineers and other employees work at the Tawke oil field near the town of Zacho on May 31, 2009 in Dohuk province about 250 miles north of Baghdad, Iraq. The Iraqi autonomous region of Kurdistan began crude oil exports on June 1, 2009 for the first time from two major oil fields, piping around 90,000 barrels per day (bpd). (Photo by Muhannad Fala'ah/Getty Images) , Photographer: Muhannad Fala'ah/Getty Images Europe
(Bloomberg) -- The wire transfer was just one of millions that ricochet through the global financial system every day. Starting at the Zurich branch of a Russian state bank, $800 million zipped through Citigroup Inc. in New York before landing in a small bank in Lebanon.
The payment came from Russian oil giant Rosneft PJSC –- a loan to the cash-strapped government of the breakaway region of Kurdistan in northern Iraq that would be repaid with barrels of crude.
It was the opening tranche of a $6 billion torrent of cash that made a similar journey over the next two years. But the account didn’t belong to the Kurdish government. The money flowed to a company registered in the tax haven of Belize, with a mailing address in Cyprus, and controlled by a Pakistani-born businessman: Murtaza Lakhani.
A veteran of the oil industry’s most challenging jurisdictions, Lakhani was using his company’s account at Lebanon’s BankMed SAL as the clearing house for Kurdistan’s new-found oil wealth.
Disclosed as part of a lawsuit, the billions of dollars that flowed in and out of the account offer a rare window into the inner workings of the global oil trade.
It’s a tale of petrodollars and power in the Middle East, linking the world’s largest commodity traders with local politicians, the Kremlin and even the family of Lebanon’s former prime minister. The lawsuit, a dispute between Lakhani’s company and BankMed, provides hundreds of pages of wire transfers, emails, and ledgers, providing a payment-by-payment insight into his role at the heart of one of the hottest oil trades in recent years: selling Kurdish crude.
Private Individual
Lakhani’s relationship with the Kurdish government was extraordinary for a private individual. Through his company, IMMS Ltd., Lakhani handled payments from Rosneft and oil traders like Vitol Group and Trafigura Group; he made payments for foreign companies to which the Kurdistan Regional Government owed money; and he transferred hundreds of millions of dollars to the Kurdish finance ministry itself.
The set-up may spur campaigners to amplify calls for greater transparency in the oil industry. It remains unclear how much money Lakhani was making from handling Kurdistan’s cash flows. The use of the BankMed accounts has also exacerbated the region’s economic woes because a banking crisis in Lebanon left some of the funds marooned in Lakhani’s company’s account.
“Oil trading remains secretive in far too many countries, which creates space for potential controversies such as this one,” said Alexandra Gillies, an adviser at the Natural Resource Governance Institute. “The trading companies and the governments involved have a responsibility to be more transparent and follow due process.”
The Kurdish Ministry of Natural Resources said in a statement that it agreed to use IMMS’s account in 2017 because it had “no other viable options.” Lakhani’s company was “only a service provider and is only paid fees by the KRG according to its contract.”
To view the documents from the court case between Lakhani’s company and BankMed, click here.
A spokesman for Lakhani said that all banking transactions carried out by IMMS on behalf of the Kurdish government were instructed, approved and countersigned by the Kurdish Ministry of Natural Resources. “These operations were always done in full compliance with local laws and regulations and with full transparency between all parties,” the spokesman said.
For the trading companies that dealt with him, Lakhani is an awkward counterpoint to the recent trend of publicly disavowing the use of middlemen, or “agents.” In private, the traders argue that Lakhani wasn’t their man: he was the agent of the Kurds, and they paid through him because the Kurdish authorities instructed them to do so. The size of the deals suggests they had few qualms. In just one three-month period last year, Vitol, Trafigura and smaller trading house Petraco Oil Group paid a combined total of more than $1 billion into the account of Lakhani’s company, according to data disclosed in the lawsuit.
Trafigura and Petraco declined to comment, while Vitol said it had stringent controls to ensure compliance with all laws and regulations.
For Lakhani, playing middleman for the Kurdish government reprised a role he’d perfected over his career.
The 58-year-old businessman has been working in hot spots of the oil trading world for decades. Known for his wide network of contacts, he is equally at home in the discreet world of Swiss finance as the oil fields of Iraq.
Asked a few years ago to describe his role in the oil industry, he told the Financial Times: “I get my hands dirty.” (Lakhani’s spokesman said that he had meant he was “prepared to work hard in a ‘hands on’ manner, often in a small team.”) Despite his role at the heart of some of the world’s hottest oil deals, however, he eschews the limelight, only occasionally speaking in public and rarely allowing himself to be photographed.
Family Business
Born in Karachi in 1962 but raised in England and Canada, Lakhani began his career in commodities helping with his family business trading rice, cotton and wheat. On an old personal web page, he said that in the 1980s he “moved his focus to oil trading, concentrating on some of the most challenging markets in the world.”
Soon, that meant Iraq under Saddam Hussein, working as an agent for Glencore Plc, the world’s largest commodity trader. Describing himself as Glencore’s “man in Baghdad,” Lakhani received a monthly fee of $5,000 to help the company buy Iraqi crude.At the time, Iraq could only sell its crude via a system known as the oil-for-food program, administered by the United Nations. But with demand for oil booming, Saddam found a loophole in the early 2000s, asking traders to pay a surcharge to his government outside the UN system.
A later investigation into the oil-for-food program found that Lakhani paid just over $1 million in surcharges for crude that was ultimately bought by Glencore, despite UN staff issuing warnings to traders that paying the surcharges was illegal. Lakhani himself provided UN investigators receipts for cash he’d received from Glencore –- as much as $415,000 on one occasion –- which he then transported across Switzerland before delivering it to the Iraqi diplomatic mission in Geneva.
“Mr. Lakhani was asked to attend interviews with the U.S. government to assist it with its investigation, and voluntarily provided his assistance,” Lakhani’s spokesman said. “Since 2006, Mr. Lakhani has had no further involvement with this matter.” Glencore declined to comment.
Neither Lakhani nor Glencore was ever charged with any wrongdoing in the oil-for-food affair.
British General
More recently, he expanded his oil trading business, recruiting grandees to the boards of his various companies including Simon Murray, the former Glencore chairman, and Charles Guthrie, who’d been the most senior general in the British army.One of his latest ventures has involved another difficult oil producer: Venezuela. For several months in 2019 and 2020, Lakhani’s company helped to ship Venezuelan crude through an obscure route -- his tankers picked up the oil half way through its voyage, via a ship-to-ship transfer off the west coast of Africa. After Washington slapped sanctions on Rosneft Trading SA, one of the major shippers of Venezuelan oil, one of Lakhani’s companies, Mercantile & Maritime, said it planned to end the business linked to the country.
Lakhani’s spokesman said the Venezuelan deals were fully compliant with international law.
Then there was Kurdistan.
Lakhani had been doing business in northern Iraq for years, but his moment came in 2014, when, with the jihadist group Islamic State expanding its reach into Iraq, Kurdish fighters took over the key oil city of Kirkuk. With access to more crude, the Kurds’ long-cherished dreams of independence seemed closer. But first they needed to find buyers for their oil. And that wasn’t easy as the central government in Baghdad, which until then largely controlled all sales, threatened legal action.
Lakhani stepped in. According to his spokesman, IMMS began working with the regional government of Kurdistan in 2014, “assisting in the exporting of crude oil from the Kurdistan region through logistics, shipping and port management services.” At the time, only a handful of oil trading houses were willing to touch the oil, including Vitol, Trafigura and Petraco. “He knew exactly who would and who wouldn’t deal with us,” Kurdish Natural Resources Minister Ashti Hawrami told Reuters in 2015.
Putin Ally
Soon the riches of Kurdistan attracted Rosneft, led by Igor Sechin, a close ally of President Vladimir Putin. In February 2017, Rosneft announced its first deal to buy Kurdish oil and in June the two sides signed an even bigger deal. Perhaps symbolically, the scions of Kurdistan’s two most important clans –- the Barzani and Talabani families –- presided over the signature of the contract. As Sechin and Hawrami inked the agreeement, smiling behind them stood Nechirvan Barzani and Qubad Talabani, who today are the region’s president and deputy prime minister, respectively. Asked whether the deal would raise eyebrows, Barzani replied: “I hope so.”
The arrival of Rosneft and its money was also a turning point for Lakhani. Just as the Russian company was readying its first payments, the Kurdish government was facing growing difficulties. Until mid-2017, the KRG had received oil revenues via a bank in Erbil that had a relationship with Commerzbank AG in Germany, and via Halkbank in Turkey. But then the U.S. started investigating Halkbank for helping to evade sanctions against Iran, freezing $200 million of the Kurdish government’s money. The Commerzbank route “was no longer viable” due to concerns about Iraq’s banking sector, according to the Kurdish Ministry of Natural Resources.
The Kurds turned, once again, to Lakhani. The businessman hit upon BankMed of Lebanon after an introduction from one of the Lebanese bank’s shareholders, according to an IMMS affidavit. The bank was well connected: it was partly owned by the country’s then prime minister, Saad Hariri, and his family. A spokesperson for Hariri denied that he or any other shareholder had introduced IMMS to BankMed.
By August 2017, IMMS had opened an account at BankMed. A month later, the emails between the company and the bank showed a growing urgency. “i know u already discussed with ML abt a sub account for IMMS,” wrote a top employee of IMMS in an email on Sep. 27, in an apparent reference to Lakhani. “What do u need to open it asap,” the employee asked, “as i will probably expecting funds soon!”
Temporary Measure
“In 2017, with no other viable options, and the KRG facing growing cash-flow problems, it agreed with IMMS (which had an account with BankMed in Lebanon), to ask BankMed to open a sub-account,” the Kurdish ministry said. “The arrangement with IMMS and BankMed was seen by the KRG as a necessary but temporary measure until other sustainable banking options became viable to the KRG.”
And so the money started to flow. A SWIFT message, disclosed in the U.S. court case, memorializes the $800 million payment on 13 December 2017 from Rosneft Trading’s account at Gazprombank JSC in Zurich to be paid, via Citibank in New York, to the IMMS BankMed account. The message notes that the money is an advance payment under “THE CRUDE OIL PURCHASE AND SALE CNTR REF 2016/KRG RN001” and reassures the banks involved that it’s fully compliant with sanctions. Two days later, IMMS placed $725 million into separate short-term deposit accounts at BankMed.
Lakhani’s spokesman said that the $800 million received from Rosneft in December 2017 and the $725 million in deposits made two days later were “not related in anyway” and that “any suggestion of a conflict of interest is unfounded and without merit.”
Rosneft said that its payments to IMMS’s account were “absolutely transparent and fully in line with local regulation,” and added that they had been approved and signed off by the Kurdish Ministry of Natural Resources. Gazprombank confirmed the December 2017 transaction, adding that it “strictly adheres to the rule of law in all jurisdictions in which it operates.”
Over time, the flow of money into the IMMS account grew and grew. Between December 2017 to the end of 2019, IMMS carried out more than $6 billion in banking transactions via BankMed, not only directly, but also via the accounts the Lebanese bank kept in New York with correspondent banks Citibank, JPMorgan Chase & Co., Bank of New York Mellon Corp. and Standard Chartered Plc. The banks declined to comment.
Interest Rate
By November the following year, IMMS agreed to place $1 billion into a three-year term deposit with BankMed. The interest rate would be 10% -- or $100 million a year – to be paid into a separate account.
Things started to go wrong when a banking crisis struck Lebanon late last year. As money ran short throughout the Lebanese financial system, IMMS tried to withdraw the $1 billion – but BankMed blocked it. Lakhani’s company started legal proceedings against BankMed, and soon after, the bank ended its business relationship with him, canceling several accounts.
When Lakhani tried to recover his money by suing BankMed, he opened a window on his role in Kurdistan.
The legal papers show how Lakhani’s business stretched through the global oil industry. According to a ledger that covers the period between March and May 2019, just over $2.8 billion flowed into the account at BankMed. The largest single named source of funds during that period is Vitol, through its wholly-owned subsidiary Arkham – which in three months paid $443 million into the IMMS account, according to Bloomberg calculations based on court filings.
Traders Follow
Other traders were not far behind: Edgewater Falls, a company rivals say is connected to Petraco, paid $436 million; Trafigura paid $331 million; and Rosneft paid $182 million. On the other side, IMMS was paying the expenses of the Kurdish government. The accounts detail wire transfers to oil companies pumping crude in the region, including DNO ASA and Genel Energy Plc. IMMS also transferred money directly to the Kurdish finance ministry – some $765 million over the three months. The traders, Lakhani, and the Kurdish ministry all declined to comment on the details of the transactions. Genel said that all sources of payments due to it from the Kurdish government were subject to its due diligence; DNO did not respond to a request for comment.
On paper, the funds that got blocked appeared to be Lakhani’s own money, deposited in accounts belonging to IMMS. Still, as soon as the money was frozen, the Kurdish government ran into a financial crisis, unable to meet payments. According to an audit by Deloitte of Kurdistan’s oil revenues, the country had about $318 million locked in an account in Lebanon at the end of 2019.
It’s clear that IMMS was handling money on behalf of the Kurdish government. The court filings include payment orders to BankMed signed by Hawrami; and both Lakhani’s spokesman and the Ministry of Natural Resources said that each payment on behalf of the KRG was authorized by the ministry.
It’s less obvious from the legal filings where the Kurds’ money ends and Lakhani’s own money begins, how lucrative the business of handling the billions of dollars for Kurdish oil was, and who benefited from any profits.
Credit Line
IMMS was one of several companies owned by Lakhani to hold accounts at BankMed -- others included Oil & Gas Management Services Group Limited, a British Virgin Islands-registered entity, and Mercantile and Maritime Energy Pte Ltd. of Singapore. And thanks to the $1 billion that IMMS deposited at BankMed, Lakhani was granted as much as $800 million in lines of credit to carry out other activities.
Lakhani’s spokesman said that the Kurdish government’s money “was not part of the $1 billion.”
“Legal and accounting safeguards were in place to ensure separation between IMMS’s funds and the KRG’s funds,” the spokesman said.
The Kurdish ministry said that “to our knowledge,” the sub-account into which its oil revenues were paid was a current account which did not accrue interest.
In early April, the lawsuit between Lakhani’s company and its Lebanese bank was settled out of court –- with the two sides “amicably resolving their disputes and dismissing all legal proceedings between them,” according to a statement. Yet the fallout from the Lebanese banking crisis is still being felt in Kurdistan, which has yet to pay a significant chunk of the bills that were due to oil companies pumping crude in the region between November 2019 and February 2020.
The Kurdish Ministry of Natural Resources told Bloomberg that “some $250m of the KRG’s money remains stuck in the BankMed sub-account.” This money was due to be paid to oil companies pumping crude in the region between November 2019 and February 2020. The plunge in oil prices exacerbated the problem.
Lakhani’s spokesman said it would be “wholly untrue” to suggest that IMMS’s actions led to Kurdistan’s financial crisis.
Regardless, the legal battle appears to have dented Lakhani’s influence in Kurdistan. The Kurdish government in early 2020 opened an account at Citibank through which it is processing “most of its oil revenues from the buyers”, according to the Ministry of Natural Resources. However, it added: “Even now IMMS services are still needed to facilitate some of the transfers.”
©2020 Bloomberg L.P.
Antwort auf Beitrag Nr.: 64.438.694 von texas2 am 16.07.20 19:11:08Wie dem auch sei. Die Aktie von Gulf Keystone und der Ölpreis steigt auch.
So koennte man es ebenfalls zusammenfassen wie bei lse gelesen:
1) Has GKP been a massive disappointment to many PI`s = YES
2) Has GKP performed as expected by many = NO
3) Has GKP been mismanaged = YES
4) Has GKP been in steady decline for the last 10 years =YES
5) Has GKP kept it`s PI`s well informed = NO
6) Have I and many others lost a considerable amount of money in GKP= YES
All above in my very honest opinion
1) Has GKP been a massive disappointment to many PI`s = YES
2) Has GKP performed as expected by many = NO
3) Has GKP been mismanaged = YES
4) Has GKP been in steady decline for the last 10 years =YES
5) Has GKP kept it`s PI`s well informed = NO
6) Have I and many others lost a considerable amount of money in GKP= YES
All above in my very honest opinion
Antwort auf Beitrag Nr.: 65.762.277 von texas2 am 19.11.20 00:48:26Frohe Botschaft die auch noch zu gkp kommen kann. Die Kurden beginner ihre Schulden abzubauen
https://genelenergy.com/wp-content/uploads/2020/09/Genel-Res…
https://genelenergy.com/wp-content/uploads/2020/09/Genel-Res…
Antwort auf Beitrag Nr.: 66.046.106 von texas2 am 12.12.20 20:37:24https://polaris.brighterir.com/public/gulf_keystone_petroleu…
4 January 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Appointment of CEO
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce the appointment of Jon Harris as Chief Executive Officer ("CEO").
Mr Harris has over 30 years' experience in the oil and gas industry and joins GKP from SASOL Limited, an integrated energy and chemicals company based in South Africa where he was Executive Vice President, Upstream. Prior to this, he spent 25 years with BG Group in various international roles, including Executive Vice President Technical and General Manager Production Operations, as well as senior management assignments in the United States, Trinidad and Tobago and Egypt.
Mr Harris received a Master of Engineering in Fuel and Energy (with distinction) from the University of Leeds, UK.
Mr Harris will join the Board of GKP and assume the CEO role on 18 January 2021. He will have a period of handover with Jón Ferrier who, as previously announced, will retire on 31 January 2021.
Jaap Huijskes, Chairman of the Company, said:
"Following a thorough global search process, I am very pleased to announce the appointment of Jon Harris as CEO. Jon is an experienced executive who brings a wealth of highly relevant project delivery, asset management, production operations and technical experience within the sector to the management team and to the Board. We look forward to him joining GKP and to his contributions.
"On behalf of the Company, I would like to again thank Jón Ferrier for his outstanding commitment and contributions since joining Gulf Keystone in 2015. Under his leadership, GKP was successfully restructured and transformed, as evidenced by today's strong operational performance, low-cost structure, robust financial position and pathway to further production growth and value creation. We wish him the very best of success for the future."
Current Directorships:
None
Past Directorships in past 5 years:
Sasol Africa (Pty) Limited
Sasol Canada Holdings Limited
Sasol Mining (Pty) Limited
Sasol Mining Holdings (Pty) Limited
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Appointment of CEO
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce the appointment of Jon Harris as Chief Executive Officer ("CEO").
Mr Harris has over 30 years' experience in the oil and gas industry and joins GKP from SASOL Limited, an integrated energy and chemicals company based in South Africa where he was Executive Vice President, Upstream. Prior to this, he spent 25 years with BG Group in various international roles, including Executive Vice President Technical and General Manager Production Operations, as well as senior management assignments in the United States, Trinidad and Tobago and Egypt.
Mr Harris received a Master of Engineering in Fuel and Energy (with distinction) from the University of Leeds, UK.
Mr Harris will join the Board of GKP and assume the CEO role on 18 January 2021. He will have a period of handover with Jón Ferrier who, as previously announced, will retire on 31 January 2021.
Jaap Huijskes, Chairman of the Company, said:
"Following a thorough global search process, I am very pleased to announce the appointment of Jon Harris as CEO. Jon is an experienced executive who brings a wealth of highly relevant project delivery, asset management, production operations and technical experience within the sector to the management team and to the Board. We look forward to him joining GKP and to his contributions.
"On behalf of the Company, I would like to again thank Jón Ferrier for his outstanding commitment and contributions since joining Gulf Keystone in 2015. Under his leadership, GKP was successfully restructured and transformed, as evidenced by today's strong operational performance, low-cost structure, robust financial position and pathway to further production growth and value creation. We wish him the very best of success for the future."
Current Directorships:
None
Past Directorships in past 5 years:
Sasol Africa (Pty) Limited
Sasol Canada Holdings Limited
Sasol Mining (Pty) Limited
Sasol Mining Holdings (Pty) Limited
Antwort auf Beitrag Nr.: 66.274.805 von texas2 am 04.01.21 12:05:30Gkp ist geografisch ein Schmuddelkind in einer schmutzigen Schmuddelking Branche.
GKP Cash = £107M owed £53M, Total = £160M. Producing 43K boopd at a $2.7/bbl opex while 2021 capex is only $15-$20M. I’m expecting 2021 profit in and around £100M at $50 oil whilst the market cap is £281M with £72M of debt.(zusammengefasst von ammo auf lse)
GKP Cash = £107M owed £53M, Total = £160M. Producing 43K boopd at a $2.7/bbl opex while 2021 capex is only $15-$20M. I’m expecting 2021 profit in and around £100M at $50 oil whilst the market cap is £281M with £72M of debt.(zusammengefasst von ammo auf lse)
Antwort auf Beitrag Nr.: 66.723.899 von texas2 am 31.01.21 10:09:19... aber zum Glueck sieht es auch für Gkp für 2021 sehr viel besser als 2020 aus (zumindest bis jetzt)
Schade dass sie erst in Q3 zu bohren beginnen um auf die 50.000 bbl/d zu kommen und nicht früher. Interessant finde ich nach wie vor dass der mit den Lundins vernetzte Africa Energie Mann im Board sitzt.
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Wenn der Ölpreis oben bleibt und nach dem ganzen Schwarm von schwarzen Schwänen in den letzten 10 Jahren in N Kurdistan für Gkp endlich der unknown unknown black swan ausbleiben würde, dann könnte Gkp endlich die erwartete cash cow werden.
Schade dass sie erst in Q3 zu bohren beginnen um auf die 50.000 bbl/d zu kommen und nicht früher. Interessant finde ich nach wie vor dass der mit den Lundins vernetzte Africa Energie Mann im Board sitzt.
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Wenn der Ölpreis oben bleibt und nach dem ganzen Schwarm von schwarzen Schwänen in den letzten 10 Jahren in N Kurdistan für Gkp endlich der unknown unknown black swan ausbleiben würde, dann könnte Gkp endlich die erwartete cash cow werden.
Thanks für Deine Updates!
Hatte mich vor Jahren eingekauft....Na ja.EGAL
Hatte mich vor Jahren eingekauft....Na ja.EGAL
Antwort auf Beitrag Nr.: 67.612.959 von summer6 am 26.03.21 12:45:4931 March 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
2020 Full Year Audited Results Announcement
Return to a balance of growth investment and shareholder distributions
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq ("Kurdistan" or "Kurdistan Region") announces its audited results for the full year ended 31 December 2020.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
Against the backdrop of extraordinary global challenges in 2020, GKP acted decisively to successfully manage the impact of COVID-19 on our staff, contractors and production operations. We achieved all of our cost reduction targets and annual average production of 36,625 bopd, 11% higher than 2019.
We have had a strong start to 2021. The updated independent Competent Person's Report reaffirmed the significant upside production potential of the field with gross 2P reserves + 2C contingent resources of c.800 MMstb. Average gross production from Shaikan in 2021 to 29 March is 43,190 bopd, up c.13% from the corresponding period in 2020.
Recently, we resumed the 55,000 bopd investment programme and today we are pleased to be announcing the reinstatement of at least a $25 million annual dividend, in keeping with our commitment to balance investment in growth and returns to shareholders."
Highlights to 31 December 2020 and post reporting period
Operational
Effectively managing the impact of COVID-19 on production operations and continue to prioritise the welfare of workforce and contractors whilst maintaining production momentum.
Continued strong safety performance, with no Lost Time Incident ("LTI") recorded for over 450 days.
· 2020 average gross production of 36,625 bopd, exceeding revised guidance and the highest annual average production rate to date from the field.
· Gross average production from the field in 2021 to date of 43,190 bopd, in line with guidance of 40,000 - 44,000 bopd for the year.
· Updated Competent Person's Report ("CPR") published with c.800 MMstb gross 2P+2C reserves and resources volumes, which was in line with the 2016 CPR, after adjusting for production over the period, supporting GKP's view of the geological model.
Financial
· GKP achieved its 2020 cost reduction targets, reducing Opex and G&A by more than 20% compared to 2019 and delivering gross unit Opex of $2.6/bbl, below the low end of the guidance range and down over 30% versus 2019.
· Net Capex was $45.9 million net (FY 2019: $90.0 million) within the $40-48 million revised guidance range despite the addition of low-cost, high impact investments during the fourth quarter that contributed to record 2020 annual average production.
· Loss after tax of $47.3 million (FY 2019: $43.5 million profit) and reduced revenue of $108.4 million (FY 2019: $206.7 million) were driven by a decline in Brent oil prices that averaged $42/bbl in 2020 compared to $64/bbl in 2019.
· Consistent payments from the Kurdistan Regional Government ("KRG") for the last eleven months. Repayment mechanism in place to recover outstanding arrears of $73.3 million net for the period November 2019 - February 2020 with the first payment of $2.6 million net recently received.
· Cash balance of $147.8 million at year end (FY 2019: $190.8 million). Cash balance of $161.0 million at 30 March 2021.
· The Company has hedged c.60% of Q2 and Q3 2021 forecast net production at a floor price of $35/bbl and $40/bbl respectively, while retaining full upside exposure.
Outlook
· Resumption of expansion activity with drilling operations expected to begin in Q3 resulting in an increase in gross production towards 55,000 bopd in Q1 2022.
· Reinstatement of at least a $25 million annual dividend. A $25 million dividend is subject to shareholder approval at the Annual General Meeting ("AGM") scheduled for 18 June 2021 and is expected to be paid in full on 2 July 2021 based on a record date of 25 June 2021.
· With continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year.
· Guidance for 2021 of average gross production of 40,000 to 44,000 bopd, net Capex of $55-$65 million and gross unit Opex of $2.5 to $2.9/bbl.
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
2020 Full Year Audited Results Announcement
Return to a balance of growth investment and shareholder distributions
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq ("Kurdistan" or "Kurdistan Region") announces its audited results for the full year ended 31 December 2020.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
Against the backdrop of extraordinary global challenges in 2020, GKP acted decisively to successfully manage the impact of COVID-19 on our staff, contractors and production operations. We achieved all of our cost reduction targets and annual average production of 36,625 bopd, 11% higher than 2019.
We have had a strong start to 2021. The updated independent Competent Person's Report reaffirmed the significant upside production potential of the field with gross 2P reserves + 2C contingent resources of c.800 MMstb. Average gross production from Shaikan in 2021 to 29 March is 43,190 bopd, up c.13% from the corresponding period in 2020.
Recently, we resumed the 55,000 bopd investment programme and today we are pleased to be announcing the reinstatement of at least a $25 million annual dividend, in keeping with our commitment to balance investment in growth and returns to shareholders."
Highlights to 31 December 2020 and post reporting period
Operational
Effectively managing the impact of COVID-19 on production operations and continue to prioritise the welfare of workforce and contractors whilst maintaining production momentum.
Continued strong safety performance, with no Lost Time Incident ("LTI") recorded for over 450 days.
· 2020 average gross production of 36,625 bopd, exceeding revised guidance and the highest annual average production rate to date from the field.
· Gross average production from the field in 2021 to date of 43,190 bopd, in line with guidance of 40,000 - 44,000 bopd for the year.
· Updated Competent Person's Report ("CPR") published with c.800 MMstb gross 2P+2C reserves and resources volumes, which was in line with the 2016 CPR, after adjusting for production over the period, supporting GKP's view of the geological model.
Financial
· GKP achieved its 2020 cost reduction targets, reducing Opex and G&A by more than 20% compared to 2019 and delivering gross unit Opex of $2.6/bbl, below the low end of the guidance range and down over 30% versus 2019.
· Net Capex was $45.9 million net (FY 2019: $90.0 million) within the $40-48 million revised guidance range despite the addition of low-cost, high impact investments during the fourth quarter that contributed to record 2020 annual average production.
· Loss after tax of $47.3 million (FY 2019: $43.5 million profit) and reduced revenue of $108.4 million (FY 2019: $206.7 million) were driven by a decline in Brent oil prices that averaged $42/bbl in 2020 compared to $64/bbl in 2019.
· Consistent payments from the Kurdistan Regional Government ("KRG") for the last eleven months. Repayment mechanism in place to recover outstanding arrears of $73.3 million net for the period November 2019 - February 2020 with the first payment of $2.6 million net recently received.
· Cash balance of $147.8 million at year end (FY 2019: $190.8 million). Cash balance of $161.0 million at 30 March 2021.
· The Company has hedged c.60% of Q2 and Q3 2021 forecast net production at a floor price of $35/bbl and $40/bbl respectively, while retaining full upside exposure.
Outlook
· Resumption of expansion activity with drilling operations expected to begin in Q3 resulting in an increase in gross production towards 55,000 bopd in Q1 2022.
· Reinstatement of at least a $25 million annual dividend. A $25 million dividend is subject to shareholder approval at the Annual General Meeting ("AGM") scheduled for 18 June 2021 and is expected to be paid in full on 2 July 2021 based on a record date of 25 June 2021.
· With continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year.
· Guidance for 2021 of average gross production of 40,000 to 44,000 bopd, net Capex of $55-$65 million and gross unit Opex of $2.5 to $2.9/bbl.
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Antwort auf Beitrag Nr.: 67.671.484 von texas2 am 31.03.21 19:26:30Die Kurden verschlechtern die zahlungsbedingungen, eine Dividende geht sich aber noch aus
13 May 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
KRG proposed amendment to payment terms
Gulf Keystone, in line with other operators, has received a letter from the Kurdistan Regional Government ("KRG") proposing an amendment, starting with the March 2021 production invoice, to payment terms due to the ongoing challenges in Iraq with the COVID-19 pandemic.
The KRG has noted that since the dated Brent price has remained consistently well above $50 per barrel, the monthly repayment of outstanding arrears will now be calculated as 20% (compared to 50% previously) of the difference between the average monthly dated Brent price and $50 per barrel multiplied by the gross Shaikan crude oil volumes sold in a month. The balance for the November 2019 to February 2020 outstanding invoices currently stands at $65 million.
The KRG has stated that payment will now be 60 days after submission of each invoice.
The KRG has also stated that should international oil markets see substantial volatility, it commits to re-evaluating this payment model.
The proposal has not yet been discussed with the KRG or accepted by the Company.
13 May 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Special dividend of $25 million
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce that the Board has approved the declaration of a special dividend of $25 million.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
"Given continuing strong oil prices, improving macroeconomic conditions and our robust financial position, we are pleased to deliver on our commitment to consider further shareholder distributions and declare a $25 million special dividend, bringing total dividends for shareholder approval at the upcoming AGM to $50 million. We will continue to balance investment in growth and returns to shareholders as we develop and realise value from the Shaikan Field for the benefit of all stakeholders."
Following the previously announced resumption of the Company's annual dividend policy and declaration of a $25 million dividend, Gulf Keystone will be seeking shareholder approval at the Annual General Meeting ("AGM") on 18 June 2021 to pay total dividends of $50 million, comprising the $25 million annual dividend and today's announced $25 million special dividend.
The annual dividend of $25 million is expected to be paid on 2 July 2021, based on a record date of 25 June 2021. The special dividend of $25 million is expected to be paid on 6 August 2021, based on a record date of 30 July 2021.
Both dividends will be payable in pounds sterling and converted from dollars at the spot rate prevailing on the relevant record dates.
As at 12 May 2021, the Company had a cash balance of $179 million.
13 May 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
KRG proposed amendment to payment terms
Gulf Keystone, in line with other operators, has received a letter from the Kurdistan Regional Government ("KRG") proposing an amendment, starting with the March 2021 production invoice, to payment terms due to the ongoing challenges in Iraq with the COVID-19 pandemic.
The KRG has noted that since the dated Brent price has remained consistently well above $50 per barrel, the monthly repayment of outstanding arrears will now be calculated as 20% (compared to 50% previously) of the difference between the average monthly dated Brent price and $50 per barrel multiplied by the gross Shaikan crude oil volumes sold in a month. The balance for the November 2019 to February 2020 outstanding invoices currently stands at $65 million.
The KRG has stated that payment will now be 60 days after submission of each invoice.
The KRG has also stated that should international oil markets see substantial volatility, it commits to re-evaluating this payment model.
The proposal has not yet been discussed with the KRG or accepted by the Company.
13 May 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Special dividend of $25 million
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, is pleased to announce that the Board has approved the declaration of a special dividend of $25 million.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
"Given continuing strong oil prices, improving macroeconomic conditions and our robust financial position, we are pleased to deliver on our commitment to consider further shareholder distributions and declare a $25 million special dividend, bringing total dividends for shareholder approval at the upcoming AGM to $50 million. We will continue to balance investment in growth and returns to shareholders as we develop and realise value from the Shaikan Field for the benefit of all stakeholders."
Following the previously announced resumption of the Company's annual dividend policy and declaration of a $25 million dividend, Gulf Keystone will be seeking shareholder approval at the Annual General Meeting ("AGM") on 18 June 2021 to pay total dividends of $50 million, comprising the $25 million annual dividend and today's announced $25 million special dividend.
The annual dividend of $25 million is expected to be paid on 2 July 2021, based on a record date of 25 June 2021. The special dividend of $25 million is expected to be paid on 6 August 2021, based on a record date of 30 July 2021.
Both dividends will be payable in pounds sterling and converted from dollars at the spot rate prevailing on the relevant record dates.
As at 12 May 2021, the Company had a cash balance of $179 million.
Antwort auf Beitrag Nr.: 66.723.899 von texas2 am 31.01.21 10:09:19
Und selbst Kozel, wird inzwischen von seinen Deals mit den Kurden endgültig immer mehr eingeholt - vieles vermutlich auch getriggert von den Scheidungsanwälten seiner exFrau
https://www.occrp.org/en/investigations/the-rise-and-fall-of…
Trotzdem scheint mir im nordirak- kurdischen Umfeld Kozel "nur" ein kleinerer Raubfisch zu sein, wenn man bedenkt dass über eine libanesische Bank milliarden $ Förderzins verschwunden sind.
Und trotz dieses Umfeldes operiert und fördert und zahlt Gkp noch Dividenden. Jon F. der zuletz CEO von Gkp war, hatte sicher auch " interessante " Diskussionen mit den selben nordirakischen, kurdischen Akteuren wie Kozel.
Zitat von texas2: Gkp ist geografisch ein Schmuddelkind in einer schmutzigen Schmuddelking Branche.
GKP Cash = £107M owed £53M, Total = £160M. Producing 43K boopd at a $2.7/bbl opex while 2021 capex is only $15-$20M. I’m expecting 2021 profit in and around £100M at $50 oil whilst the market cap is £281M with £72M of debt.(zusammengefasst von ammo auf lse)
Und selbst Kozel, wird inzwischen von seinen Deals mit den Kurden endgültig immer mehr eingeholt - vieles vermutlich auch getriggert von den Scheidungsanwälten seiner exFrau
https://www.occrp.org/en/investigations/the-rise-and-fall-of…
Trotzdem scheint mir im nordirak- kurdischen Umfeld Kozel "nur" ein kleinerer Raubfisch zu sein, wenn man bedenkt dass über eine libanesische Bank milliarden $ Förderzins verschwunden sind.
Und trotz dieses Umfeldes operiert und fördert und zahlt Gkp noch Dividenden. Jon F. der zuletz CEO von Gkp war, hatte sicher auch " interessante " Diskussionen mit den selben nordirakischen, kurdischen Akteuren wie Kozel.
Antwort auf Beitrag Nr.: 68.283.953 von texas2 am 24.05.21 08:40:36
Und hier noch der Artikel aus dem Telegraph aus dem britischen sle Forum
Kurdish oil giant in the spotlight as secret deal is revealed
Why did London-listed Gulf Keystone agree to transfer profits from Shaikan to a local politician?
By
Rachel Millard
22 May 2021 • 3:00pm
Todd Kozel could sense the opportunity as he arrived in Erbil for a visit in 2006. Miles of unexplored territory lay waiting as Kurdistan opened up its oil industry in the post-Saddam era....
Zitat von texas2:Zitat von texas2: Gkp ist geografisch ein Schmuddelkind in einer schmutzigen Schmuddelking Branche.
GKP Cash = £107M owed £53M, Total = £160M. Producing 43K boopd at a $2.7/bbl opex while 2021 capex is only $15-$20M. I’m expecting 2021 profit in and around £100M at $50 oil whilst the market cap is £281M with £72M of debt.(zusammengefasst von ammo auf lse)
Und selbst Kozel, wird inzwischen von seinen Deals mit den Kurden endgültig immer mehr eingeholt - vieles vermutlich auch getriggert von den Scheidungsanwälten seiner exFrau
https://www.occrp.org/en/investigations/the-rise-and-fall-of…
Trotzdem scheint mir im nordirak- kurdischen Umfeld Kozel "nur" ein kleinerer Raubfisch zu sein, wenn man bedenkt dass über eine libanesische Bank milliarden $ Förderzins verschwunden sind.
Und trotz dieses Umfeldes operiert und fördert und zahlt Gkp noch Dividenden. Jon F. der zuletz CEO von Gkp war, hatte sicher auch " interessante " Diskussionen mit den selben nordirakischen, kurdischen Akteuren wie Kozel.
Und hier noch der Artikel aus dem Telegraph aus dem britischen sle Forum
Kurdish oil giant in the spotlight as secret deal is revealed
Why did London-listed Gulf Keystone agree to transfer profits from Shaikan to a local politician?
By
Rachel Millard
22 May 2021 • 3:00pm
Todd Kozel could sense the opportunity as he arrived in Erbil for a visit in 2006. Miles of unexplored territory lay waiting as Kurdistan opened up its oil industry in the post-Saddam era....
Antwort auf Beitrag Nr.: 68.284.052 von texas2 am 24.05.21 08:58:40Inzwischen gibt es bei Gkp immer weniger zu meckern und ist auf kurs eine cash machine zu werden - bloss der Aktienkurs weiss es noch nicht so richtig
- Lagerstätte liefert was sie verspricht. Ist und war von Anfang eine sehr gute, grosse Lagerstätte mit Bohrungen die gute Produktionsraten liefert.
- Obertägige Anlagen laufen
- Pipeline und Ölverkauf funktionieren
- der Ölpreis mit über 70$/bbl ist sehr viel besser als vor einem jahr
- Langsam kommt ein wenig mehr politische Stabilität : siehe dass Bagdhad Geld für die Gehälter nach N Irak Kurdistan überwiesen hat. Dh die Kurden haben ein wenig mehr fianziellen Spielraum um zB die unbezahlten Öllieferungen aus der Vergangenheit weiter abzustottern (wobei auch der gegenwärtige Ölpreis mit hilft). Diesmal ware es 4 mio $. (auch wenn es jetzt eindeutig ein wenig rosiger aussieht, der Irak gehört nach wie vor zu den schwierigen Ländern sei es Korruption, Politische Streitereien, die mit Waffengewalt versucht werden zu lösen etc - die nächste negative überraschung wird bestimmt kommen, aber GKP hat schlimme Zeiten wenn auch lädiert bisher überlebt)
26 July 2021Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company")
Shaikan Payment Update
Gulf Keystone confirms that a gross payment of $35.8 million ($28.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $30.7 million ($24.0 million net) for Shaikan crude oil sales during May 2021 and gross $5.1 million ($4.0 million net) in relation to the arrears from the outstanding November 2019 to February 2020 invoices.
Following receipt of the arrears payment calculated based on the KRG's proposed amendment to arrears repayment terms as announced on 13 May 2021, the current outstanding arrears balance is $54.8 million net to GKP. The Company continues to engage with the KRG on its proposal.
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
- Lagerstätte liefert was sie verspricht. Ist und war von Anfang eine sehr gute, grosse Lagerstätte mit Bohrungen die gute Produktionsraten liefert.
- Obertägige Anlagen laufen
- Pipeline und Ölverkauf funktionieren
- der Ölpreis mit über 70$/bbl ist sehr viel besser als vor einem jahr
- Langsam kommt ein wenig mehr politische Stabilität : siehe dass Bagdhad Geld für die Gehälter nach N Irak Kurdistan überwiesen hat. Dh die Kurden haben ein wenig mehr fianziellen Spielraum um zB die unbezahlten Öllieferungen aus der Vergangenheit weiter abzustottern (wobei auch der gegenwärtige Ölpreis mit hilft). Diesmal ware es 4 mio $. (auch wenn es jetzt eindeutig ein wenig rosiger aussieht, der Irak gehört nach wie vor zu den schwierigen Ländern sei es Korruption, Politische Streitereien, die mit Waffengewalt versucht werden zu lösen etc - die nächste negative überraschung wird bestimmt kommen, aber GKP hat schlimme Zeiten wenn auch lädiert bisher überlebt)
26 July 2021Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company")
Shaikan Payment Update
Gulf Keystone confirms that a gross payment of $35.8 million ($28.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $30.7 million ($24.0 million net) for Shaikan crude oil sales during May 2021 and gross $5.1 million ($4.0 million net) in relation to the arrears from the outstanding November 2019 to February 2020 invoices.
Following receipt of the arrears payment calculated based on the KRG's proposed amendment to arrears repayment terms as announced on 13 May 2021, the current outstanding arrears balance is $54.8 million net to GKP. The Company continues to engage with the KRG on its proposal.
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Antwort auf Beitrag Nr.: 68.881.152 von texas2 am 27.07.21 09:58:02@texas:Wie viel Kohle sollten die eigentlich noch bekommen von der kurdischen Regierung?!
Antwort auf Beitrag Nr.: 68.885.559 von summer6 am 27.07.21 16:17:28the current outstanding arrears balance is $54.8 million net to GKP seit der letzten Überweisung für den Mai 2021. (Die Kurden haben neu ausgemacht dass sie offiziell 60 Tage hinterhinken dürfen wenn ums Zahlen geht)
Antwort auf Beitrag Nr.: 68.892.837 von texas2 am 28.07.21 10:31:10Dh wenn der Ölpreis so bleiben würde und die Zahlungen so weiter laufen würden wie in den letzten Monaten, dann hätten die Kurden vielleicht in einem Jahr ihre Schulden durch das nicht bezahlte geförderte, gelieferte Öl vielleicht in einem Jahr bei GKP abgestottert.
Danke für die Info.Nicht die schlechtesten Nachrichten...Verbilligen macht bei meinem EK keinen Sinn mehr.Leider.🤧🤧🤧
Jetzt wird es konkret, dass das Erdölbegleitgas nicht mehr stumpf abgefackelt werden darf, sondern irgendwie genutzt werden muss, auch wenn es rein wirtschaftlich gesehen nicht besonders attraktiv ist. Hier sind gute Lösungen gefragt, diese Resource Erdölbegleitgas irgendwie besser zu nutzen.
https://www.rudaw.net/english/interview/210820211
https://www.rudaw.net/english/interview/210820211
Antwort auf Beitrag Nr.: 69.121.661 von texas2 am 23.08.21 08:47:12https://www.standard.co.uk/business/gulf-keystone-hands-out-…
Antwort auf Beitrag Nr.: 69.226.116 von texas2 am 03.09.21 07:10:00100 mio $ dividend insgesamt fuer 2021 ausgezahlt (dh bisher 50 mio und im herbst noch einmal 50 mio geplant)
Das ist schon nicht schlecht
https://www.investorschronicle.co.uk/news/2021/09/02/gulf-ke…
Das ist schon nicht schlecht
https://www.investorschronicle.co.uk/news/2021/09/02/gulf-ke…
Antwort auf Beitrag Nr.: 69.226.140 von texas2 am 03.09.21 07:14:55Thu, 2nd Sep 2021 07:00
RNS Number : 4691K
Gulf Keystone Petroleum Ltd.
02 September 2021
2 September 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP", "the Group" or "the Company")
2021 Half Year Results Announcement
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results for the half year ended 30 June 2021.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
"I am pleased to report strong operational and financial performance in the first half of 2021, despite the continuing challenges of the COVID-19 pandemic. Our leverage to the recovery in oil prices, combined with safe and reliable production towards the top end of our guidance range and a continued sharp focus on costs, has resulted in significant cash flow generation. With continued strong production performance from the Shaikan Field, we are tightening the 2021 production guidance range to 42,000 - 44,000 bopd.
We continue to deliver against our commitment to balance investment in growth and returns to shareholders. Today, we are pleased to declare an interim dividend for 2021 of $50 million, bringing total dividends this year to $100 million.
The early restart of the drilling campaign in June enables us to maintain production growth momentum and to drill an additional well, SH-G, in 2021 after completion of SH-14, the final well in the 55,000 bopd investment programme. SH-14 is expected to come onstream in Q4 2021, while we expect SH-G to come onstream in Q1 2022.
We continue to work closely with the MNR and our partner on the preparation of the Shaikan FDP and expect to submit the FDP to the MNR in Q4 2021 for approval."
Highlights to 30 June 2021 and post reporting period
Operational
· Remain focused on safe and reliable operations with No Lost Time Incident ("LTI") recorded for over 600 days and no recordable incidents for around 550 days
· Continuing to manage the challenges presented by COVID-19 to protect the health of staff and contractors
· Strong average gross 2021 production to 31 August 2021 of c.42,900 bopd, up 18% from the corresponding period in 2020 and towards the top end of 2021 guidance; gross production on 31 August 2021 was 42,842 bopd
· Drilling activities progressing well following early restart in June; SH-13 expected to come onstream imminently; drilling of SH-14 underway with completion and hook-up expected in Q4 2021
· Capitalising on early restart of drilling and opportunity to maintain a continuous drilling programme, planning to spud SH-G in Q4 2021, after completion of SH-14. SH-G is expected to commence production in Q1 2022
· SH-G, the first well after the 55,000 bopd expansion programme, is an opportunity to maintain growth and momentum while we prepare the Shaikan Field Development Plan ("FDP")
· Completed debottlenecking of PF-2, increasing total field processing capacity to c.57,500 bopd
Financial
· H1 2021 revenue up 162% to $130.7 million (H1 2020: $49.9m) contributing to a return to profit after tax of $64.8 million (H1 2020: $33.1 million loss)
· Adjusted H1 2021 EBITDA of $93.8 million, more than triple $27.5 million in H1 2020, driven by the Company's strong leverage to the recovery in oil prices, increase in production and low-cost base:
o Realised price up 129% to $43.7/bbl (H1 2020: $19.1/bbl)
o H1 2021 gross average production up 17% to 43,516 bopd (H1 2020: 37,159 bopd)
o H1 2021 gross Opex per barrel of $2.4/bbl, below 2021 guidance range of $2.5-$2.9/bbl
· Net Capex of $14.1 million (H1 2020: $38.5 million), with the restart of the 55,000 bopd expansion programme
· Total dividends of $50 million paid to date, including an annual dividend of $25 million and a special dividend of $25 million
· Robust cash balance of $177.4 million at 1 September 2021
Outlook
· Tightening 2021 average gross production guidance range from 40,000 - 44,000 bopd to 42,000 - 44,000 bopd
· Maintaining 2021 gross Opex per barrel guidance of $2.5 to $2.9/bbl
· The addition of SH-G increases 2021 net Capex guidance from $55-$65 million to $75-$85 million
· With continued constructive engagement with the Ministry of Natural Resources ("MNR") and the Company's partner Kalegran B.V. (a subsidiary of MOL Hungarian Oil & Gas plc) ("MOL"), Gulf Keystone is expecting to submit an FDP in Q4 2021 to the MNR for approval
o The FDP includes the continued ramp-up of Jurassic oil production, appraisal of the Triassic reservoir and a Gas Management Plan
o We continue to optimise the scope, schedule and cost of the FDP
· Developing Gulf Keystone's sustainability strategy, with the primary environmental focus on more than halving CO2 per barrel by 2025 by eliminating flaring
· In line with the Company's strategy of balancing investment in growth and returns to shareholders, Gulf Keystone is pleased to declare an interim dividend for 2021. The 2021 interim dividend is $50 million to be paid on 8 October 2021 based on a record date of 24 September 2021
· Following payment of the interim dividend, the Company will have distributed $100 million of dividends in 2021
· With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure
Investor & analyst presentation
Gulf Keystone's management team will be presenting the Company's 2021 Half Year Results at 10:00am (BST) today via live audio webcast:
https://webcasting.brrmedia.co.uk/broadcast/60e86de51ba1724b…
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Enquiries:
RNS Number : 4691K
Gulf Keystone Petroleum Ltd.
02 September 2021
2 September 2021
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP", "the Group" or "the Company")
2021 Half Year Results Announcement
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today announces its results for the half year ended 30 June 2021.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
"I am pleased to report strong operational and financial performance in the first half of 2021, despite the continuing challenges of the COVID-19 pandemic. Our leverage to the recovery in oil prices, combined with safe and reliable production towards the top end of our guidance range and a continued sharp focus on costs, has resulted in significant cash flow generation. With continued strong production performance from the Shaikan Field, we are tightening the 2021 production guidance range to 42,000 - 44,000 bopd.
We continue to deliver against our commitment to balance investment in growth and returns to shareholders. Today, we are pleased to declare an interim dividend for 2021 of $50 million, bringing total dividends this year to $100 million.
The early restart of the drilling campaign in June enables us to maintain production growth momentum and to drill an additional well, SH-G, in 2021 after completion of SH-14, the final well in the 55,000 bopd investment programme. SH-14 is expected to come onstream in Q4 2021, while we expect SH-G to come onstream in Q1 2022.
We continue to work closely with the MNR and our partner on the preparation of the Shaikan FDP and expect to submit the FDP to the MNR in Q4 2021 for approval."
Highlights to 30 June 2021 and post reporting period
Operational
· Remain focused on safe and reliable operations with No Lost Time Incident ("LTI") recorded for over 600 days and no recordable incidents for around 550 days
· Continuing to manage the challenges presented by COVID-19 to protect the health of staff and contractors
· Strong average gross 2021 production to 31 August 2021 of c.42,900 bopd, up 18% from the corresponding period in 2020 and towards the top end of 2021 guidance; gross production on 31 August 2021 was 42,842 bopd
· Drilling activities progressing well following early restart in June; SH-13 expected to come onstream imminently; drilling of SH-14 underway with completion and hook-up expected in Q4 2021
· Capitalising on early restart of drilling and opportunity to maintain a continuous drilling programme, planning to spud SH-G in Q4 2021, after completion of SH-14. SH-G is expected to commence production in Q1 2022
· SH-G, the first well after the 55,000 bopd expansion programme, is an opportunity to maintain growth and momentum while we prepare the Shaikan Field Development Plan ("FDP")
· Completed debottlenecking of PF-2, increasing total field processing capacity to c.57,500 bopd
Financial
· H1 2021 revenue up 162% to $130.7 million (H1 2020: $49.9m) contributing to a return to profit after tax of $64.8 million (H1 2020: $33.1 million loss)
· Adjusted H1 2021 EBITDA of $93.8 million, more than triple $27.5 million in H1 2020, driven by the Company's strong leverage to the recovery in oil prices, increase in production and low-cost base:
o Realised price up 129% to $43.7/bbl (H1 2020: $19.1/bbl)
o H1 2021 gross average production up 17% to 43,516 bopd (H1 2020: 37,159 bopd)
o H1 2021 gross Opex per barrel of $2.4/bbl, below 2021 guidance range of $2.5-$2.9/bbl
· Net Capex of $14.1 million (H1 2020: $38.5 million), with the restart of the 55,000 bopd expansion programme
· Total dividends of $50 million paid to date, including an annual dividend of $25 million and a special dividend of $25 million
· Robust cash balance of $177.4 million at 1 September 2021
Outlook
· Tightening 2021 average gross production guidance range from 40,000 - 44,000 bopd to 42,000 - 44,000 bopd
· Maintaining 2021 gross Opex per barrel guidance of $2.5 to $2.9/bbl
· The addition of SH-G increases 2021 net Capex guidance from $55-$65 million to $75-$85 million
· With continued constructive engagement with the Ministry of Natural Resources ("MNR") and the Company's partner Kalegran B.V. (a subsidiary of MOL Hungarian Oil & Gas plc) ("MOL"), Gulf Keystone is expecting to submit an FDP in Q4 2021 to the MNR for approval
o The FDP includes the continued ramp-up of Jurassic oil production, appraisal of the Triassic reservoir and a Gas Management Plan
o We continue to optimise the scope, schedule and cost of the FDP
· Developing Gulf Keystone's sustainability strategy, with the primary environmental focus on more than halving CO2 per barrel by 2025 by eliminating flaring
· In line with the Company's strategy of balancing investment in growth and returns to shareholders, Gulf Keystone is pleased to declare an interim dividend for 2021. The 2021 interim dividend is $50 million to be paid on 8 October 2021 based on a record date of 24 September 2021
· Following payment of the interim dividend, the Company will have distributed $100 million of dividends in 2021
· With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure
Investor & analyst presentation
Gulf Keystone's management team will be presenting the Company's 2021 Half Year Results at 10:00am (BST) today via live audio webcast:
https://webcasting.brrmedia.co.uk/broadcast/60e86de51ba1724b…
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Enquiries:
2te dividende in diesem jahr
Passt
Gkp hat 70 mio netto überwiesen bekommen von den kurden
Liqudidät sollte kein Problem mehr seil lol
Tue, 4th Jan 2022 08:01
RNS Number : 3306X
Gulf Keystone Petroleum Ltd.
04 January 2022
4 January 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payments Update
Gulf Keystone confirms that it has received aggregate gross payments for the combined September 2021 and October 2021 crude oil sales and arrears payments of $89.0 million ($69.7 million net to GKP) from the Kurdistan Regional Government ("KRG").
The September gross payment of $37.8 million ($29.6 million net to GKP) is comprised of gross $31.6 million ($24.7 million net) for Shaikan crude oil sales and gross $6.2 million ($4.8 million net) in relation to the arrears from the outstanding December 2019 to February 2020 invoices.
The October gross payment of $51.2 million ($40.1 million net to GKP) is comprised of gross $41.6 million ($32.6 million net) for Shaikan crude oil sales and gross $9.6 million ($7.5 million net) in relation to the arrears from the outstanding December 2019 to February 2020 invoices.
Following receipt of the arrears payments, the current outstanding arrears balance is $28.6 million net to GKP related to the January and February 2020 invoices.
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
Gkp hat 70 mio netto überwiesen bekommen von den kurden
Liqudidät sollte kein Problem mehr seil lol
Tue, 4th Jan 2022 08:01
RNS Number : 3306X
Gulf Keystone Petroleum Ltd.
04 January 2022
4 January 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payments Update
Gulf Keystone confirms that it has received aggregate gross payments for the combined September 2021 and October 2021 crude oil sales and arrears payments of $89.0 million ($69.7 million net to GKP) from the Kurdistan Regional Government ("KRG").
The September gross payment of $37.8 million ($29.6 million net to GKP) is comprised of gross $31.6 million ($24.7 million net) for Shaikan crude oil sales and gross $6.2 million ($4.8 million net) in relation to the arrears from the outstanding December 2019 to February 2020 invoices.
The October gross payment of $51.2 million ($40.1 million net to GKP) is comprised of gross $41.6 million ($32.6 million net) for Shaikan crude oil sales and gross $9.6 million ($7.5 million net) in relation to the arrears from the outstanding December 2019 to February 2020 invoices.
Following receipt of the arrears payments, the current outstanding arrears balance is $28.6 million net to GKP related to the January and February 2020 invoices.
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
Antwort auf Beitrag Nr.: 70.386.991 von texas2 am 04.01.22 11:58:47Da kann man jetzt nicht meckern. Am 25 feb zahlt gkp die nächsten 50 mio $ als dividende aus.
Mon, 24th Jan 2022 07:00
RNS Number : 3041Z
Gulf Keystone Petroleum Ltd.
24 January 2022
24 January 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Operational & Corporate Update
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today provides an operational and corporate update.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
"We are pleased today to declare an additional interim dividend of $50 million, bringing distributions over the past eight months to $150 million in line with our commitment to balance investment in growth with returns to shareholders.
Since the beginning of 2022, gross production peaked at just over 50,000 bopd and has averaged c.46,800 bopd, versus the 2021 average of 43,440 bopd. However, the lower productivity of recently completed wells, SH-13 and SH-14, and temporarily curtailed production from SH-12, have resulted in a delay in gross production increasing to 55,000 bopd. 2022 gross average production is expected to be 44,000 to 50,000 bopd.
GKP's substantial production base at current oil prices continues to generate significant cash flow and value for Gulf Keystone's stakeholders. On approval of our recently submitted Field Development Plan, we are well positioned to achieve sustainable growth from the Shaikan Field, which has delivered close to 100 MMstb, and has 489 MMstb of estimated 2P gross reserves remaining."
Operational
· Continued strong focus on safety in 2021 despite one previously reported lost time incident ("LTI"); currently no LTIs recorded for over 90 days
· Gross average production for 2021 of 43,440 bopd, at the upper end of guidance range; gross average production in 2022 year to date of c.46,800 bopd
· Drilling of SH-15 progressing well; continue to expect start-up in Q2 2022
· Due to well productivity, the increase in gross production towards 55,000 bopd has been delayed
o SH-13 & SH-14
§ Following completion of the acid stimulation programme on SH-13, and the clean-up of SH-14, both wells were brought on stream in December 2021 and their productivity has been below expectations
§ An acid stimulation programme for SH-14 is currently ongoing
o SH-12
§ Following the early appearance of trace quantities of water, production from the well has been temporarily curtailed, in line with the Company's prudent reservoir management strategy. The Company is investigating options to maximise near-term production from the well
§ Water ingress is common in fractured carbonate reservoirs like the Shaikan Field. Gulf Keystone has historically experienced trace amounts of water in a few other wells and has been successfully optimising their production levels. The Company continues to expedite plans to add water handling to further optimise production
· The Company does not expect any material impact on reserves or medium-term production potential. Considering cumulative gross production of c.99 MMstb, 2P gross reserves are estimated to be 489 MMstb at 31 December 2021, based on the 2020 Competent Person's Report adjusted for 2021 production
Financial
· Following $100m of dividends distributed in 2021, Gulf Keystone is pleased to announce that the Board has approved the declaration of an additional interim dividend of $50 million, equivalent to 23.394 US cents per Common Share of the Company
· The interim dividend is expected to be paid on 25 February 2022, based on a record date of 11 February 2022. The Company will disclose the pounds sterling rate per share prior to the ex-dividend date of 10 February 2022
· $283.2 million ($221.7 million net to GKP) received from the Kurdistan Regional Government in 2021 for payments of crude oil sales and recovery of outstanding arrears, with an additional $89.0 million ($69.7 million net to GKP) received in January 2022 for the combined September 2021 and October 2021 crude oil sales and arrears payments
· The current outstanding arrears balance is $28.6 million net to GKP related to the January and February 2020 invoices
· Robust balance sheet, with a cash balance of $228 million as at 21 January 2022
Outlook
· The Company expects gross average production for 2022 of 44,000 to 50,000 bopd, reflecting the anticipated production contribution from SH-15 and benefits of well workover activities
· Gulf Keystone continues to engage with the Ministry of Natural Resources ("MNR") following the submission of a draft FDP in 2021. The Company will revert to the market at an appropriate time with details on the FDP and updated production guidance
· With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
Celicourt Communications:
+ 44(0) 20 8434 2754
Mark Antelme
Jimmy Lea
GKP@Celicourt.uk
Mon, 24th Jan 2022 07:00
RNS Number : 3041Z
Gulf Keystone Petroleum Ltd.
24 January 2022
24 January 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Operational & Corporate Update
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, today provides an operational and corporate update.
Jon Harris, Gulf Keystone's Chief Executive Officer, said:
"We are pleased today to declare an additional interim dividend of $50 million, bringing distributions over the past eight months to $150 million in line with our commitment to balance investment in growth with returns to shareholders.
Since the beginning of 2022, gross production peaked at just over 50,000 bopd and has averaged c.46,800 bopd, versus the 2021 average of 43,440 bopd. However, the lower productivity of recently completed wells, SH-13 and SH-14, and temporarily curtailed production from SH-12, have resulted in a delay in gross production increasing to 55,000 bopd. 2022 gross average production is expected to be 44,000 to 50,000 bopd.
GKP's substantial production base at current oil prices continues to generate significant cash flow and value for Gulf Keystone's stakeholders. On approval of our recently submitted Field Development Plan, we are well positioned to achieve sustainable growth from the Shaikan Field, which has delivered close to 100 MMstb, and has 489 MMstb of estimated 2P gross reserves remaining."
Operational
· Continued strong focus on safety in 2021 despite one previously reported lost time incident ("LTI"); currently no LTIs recorded for over 90 days
· Gross average production for 2021 of 43,440 bopd, at the upper end of guidance range; gross average production in 2022 year to date of c.46,800 bopd
· Drilling of SH-15 progressing well; continue to expect start-up in Q2 2022
· Due to well productivity, the increase in gross production towards 55,000 bopd has been delayed
o SH-13 & SH-14
§ Following completion of the acid stimulation programme on SH-13, and the clean-up of SH-14, both wells were brought on stream in December 2021 and their productivity has been below expectations
§ An acid stimulation programme for SH-14 is currently ongoing
o SH-12
§ Following the early appearance of trace quantities of water, production from the well has been temporarily curtailed, in line with the Company's prudent reservoir management strategy. The Company is investigating options to maximise near-term production from the well
§ Water ingress is common in fractured carbonate reservoirs like the Shaikan Field. Gulf Keystone has historically experienced trace amounts of water in a few other wells and has been successfully optimising their production levels. The Company continues to expedite plans to add water handling to further optimise production
· The Company does not expect any material impact on reserves or medium-term production potential. Considering cumulative gross production of c.99 MMstb, 2P gross reserves are estimated to be 489 MMstb at 31 December 2021, based on the 2020 Competent Person's Report adjusted for 2021 production
Financial
· Following $100m of dividends distributed in 2021, Gulf Keystone is pleased to announce that the Board has approved the declaration of an additional interim dividend of $50 million, equivalent to 23.394 US cents per Common Share of the Company
· The interim dividend is expected to be paid on 25 February 2022, based on a record date of 11 February 2022. The Company will disclose the pounds sterling rate per share prior to the ex-dividend date of 10 February 2022
· $283.2 million ($221.7 million net to GKP) received from the Kurdistan Regional Government in 2021 for payments of crude oil sales and recovery of outstanding arrears, with an additional $89.0 million ($69.7 million net to GKP) received in January 2022 for the combined September 2021 and October 2021 crude oil sales and arrears payments
· The current outstanding arrears balance is $28.6 million net to GKP related to the January and February 2020 invoices
· Robust balance sheet, with a cash balance of $228 million as at 21 January 2022
Outlook
· The Company expects gross average production for 2022 of 44,000 to 50,000 bopd, reflecting the anticipated production contribution from SH-15 and benefits of well workover activities
· Gulf Keystone continues to engage with the Ministry of Natural Resources ("MNR") following the submission of a draft FDP in 2021. The Company will revert to the market at an appropriate time with details on the FDP and updated production guidance
· With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure
This announcement contains inside information for the purposes of the UK Market Abuse Regime.
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
Celicourt Communications:
+ 44(0) 20 8434 2754
Mark Antelme
Jimmy Lea
GKP@Celicourt.uk
Antwort auf Beitrag Nr.: 70.643.572 von texas2 am 26.01.22 10:01:39und der Gewinner mit der höchsten Dividendenrendite ist:
Antwort auf Beitrag Nr.: 70.654.381 von texas2 am 26.01.22 23:59:58Und hier noch eine Nachlese, von dem Mann der mit Gkp die Fundbohrung mit Gkp in N Irak Kurdistan gemacht hat. https://www.bloomberg.com/news/articles/2022-01-26/oil-ceo-g…
Oil CEO Gets Five Years for Failure to Declare $66 Million, Blames Divorce.
Todd Kozel blames tax crime on his ‘acrimonious’ divorce
Kozel asked for leniency based on cancer and Covid-19
ByBob Van Voris
26 January 2022, 19:25 GMT
The founder of a European oil and gas company was sentenced to five years in prison after admitting he failed to file tax returns on $66 million of income, which he blamed on a “bitter divorce.”
Todd Kozel, 55, who founded and led London-based Gulf Keystone Petroleum Ltd., was accused in 2018 of concealing assets in a foreign trust that included 29 million shares of the company and using about $12.8 million of those assets to buy a condominium in New York. He was later charged with willful failure to file tax returns from 2011 to 2015.
Assistant U.S. Attorney Louis Pellegrino told U.S. District Judge Kimba Wood at the sentencing hearing Wednesday that Kozel used offshore trusts and bank accounts to hide money and that his failure to file and pay taxes cost the U.S. about $29 million. He asked the judge to sentence Kozel to as many as five years in prison.
Kozel was also ordered to pay $29.5 million in restitution.
Kozel’s lawyer asked that his client get only home confinement and probation. Two of Kozel’s doctors testified at the hearing that Kozel suffers from metastatic cancer and complications related to a Covid-19 infection.
“I think there’s a tremendous risk for Mr. Kozel” if sentenced to prison, Dr. Alfred Joshua told the judge.
Wood rejected the argument.
“I am confident the Bureau of Prisons can adequately care for Mr. Kozel,” she said.
Tabloid Divorce
Kozel and his former wife, Ashley, filed for divorce in Florida in 2010 in a turbulent case that often provided fodder for New York’s tabloid newspapers. The press reported in May 2017 that Ashley won a court order allowing her to seize a condo in Chelsea that Kozel was sharing with his new spouse.
Kozel’s lawyer told Wood that Ashley Kozel had pushed for the criminal charges as part of a “vindictive” and “acrimonious” divorce case.
Kozel made an emotional statement to the judge before he was sentenced.
“I’m ashamed and embarrassed to come to this point in my life,” he told Wood at the remote hearing. “I assume full responsibility for my failure to file U.S. tax returns
Oil CEO Gets Five Years for Failure to Declare $66 Million, Blames Divorce.
Todd Kozel blames tax crime on his ‘acrimonious’ divorce
Kozel asked for leniency based on cancer and Covid-19
ByBob Van Voris
26 January 2022, 19:25 GMT
The founder of a European oil and gas company was sentenced to five years in prison after admitting he failed to file tax returns on $66 million of income, which he blamed on a “bitter divorce.”
Todd Kozel, 55, who founded and led London-based Gulf Keystone Petroleum Ltd., was accused in 2018 of concealing assets in a foreign trust that included 29 million shares of the company and using about $12.8 million of those assets to buy a condominium in New York. He was later charged with willful failure to file tax returns from 2011 to 2015.
Assistant U.S. Attorney Louis Pellegrino told U.S. District Judge Kimba Wood at the sentencing hearing Wednesday that Kozel used offshore trusts and bank accounts to hide money and that his failure to file and pay taxes cost the U.S. about $29 million. He asked the judge to sentence Kozel to as many as five years in prison.
Kozel was also ordered to pay $29.5 million in restitution.
Kozel’s lawyer asked that his client get only home confinement and probation. Two of Kozel’s doctors testified at the hearing that Kozel suffers from metastatic cancer and complications related to a Covid-19 infection.
“I think there’s a tremendous risk for Mr. Kozel” if sentenced to prison, Dr. Alfred Joshua told the judge.
Wood rejected the argument.
“I am confident the Bureau of Prisons can adequately care for Mr. Kozel,” she said.
Tabloid Divorce
Kozel and his former wife, Ashley, filed for divorce in Florida in 2010 in a turbulent case that often provided fodder for New York’s tabloid newspapers. The press reported in May 2017 that Ashley won a court order allowing her to seize a condo in Chelsea that Kozel was sharing with his new spouse.
Kozel’s lawyer told Wood that Ashley Kozel had pushed for the criminal charges as part of a “vindictive” and “acrimonious” divorce case.
Kozel made an emotional statement to the judge before he was sentenced.
“I’m ashamed and embarrassed to come to this point in my life,” he told Wood at the remote hearing. “I assume full responsibility for my failure to file U.S. tax returns
Zahltag und exDividende Kurs
RNS Number : 0893B
Gulf Keystone Petroleum Ltd.
09 February 2022
Dividend Payment
On announcing Gulf Keystone's Operational & Corporate Update on 24 January 2022, the Company declared an interim dividend of $50 million.
The payment is equivalent to 23.394 US cents per Common Share of the Company. It has been converted into pounds sterling at a rate of $1:£0.73540 prevailing on 8 February 2022, and hence a dividend of 17.204p per Common Share will be paid on 25 February 2022 to those shareholders on the register of members of the Company as at 11 February 2022.
RNS Number : 0893B
Gulf Keystone Petroleum Ltd.
09 February 2022
Dividend Payment
On announcing Gulf Keystone's Operational & Corporate Update on 24 January 2022, the Company declared an interim dividend of $50 million.
The payment is equivalent to 23.394 US cents per Common Share of the Company. It has been converted into pounds sterling at a rate of $1:£0.73540 prevailing on 8 February 2022, and hence a dividend of 17.204p per Common Share will be paid on 25 February 2022 to those shareholders on the register of members of the Company as at 11 February 2022.
Waere zu schön gewesen, wenn Gkp jetzt ein entspanntes Investment geworden wäre. Im Augenblick erhöht sich das politische Risiko gerade wieder um ein paar Grad
https://www.washingtoninstitute.org/policy-analysis/death-oi…
https://www.washingtoninstitute.org/policy-analysis/death-oi…
.. aber zumindest wird das öl von den irakischen kurden wieder bezahlt
RNS Number : 6156D
Gulf Keystone Petroleum Ltd.
04 March 2022
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $47.0 million ($36.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $38.4 million ($30.1 million net) for Shaikan crude oil sales during November 2021 and gross $8.5 million ($6.7 million net) in relation to the arrears from the outstanding January 2020 to February 2020 invoices.
Following receipt of the arrears payments, the current outstanding arrears balance is $21.9 million net to GKP.
RNS Number : 6156D
Gulf Keystone Petroleum Ltd.
04 March 2022
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $47.0 million ($36.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $38.4 million ($30.1 million net) for Shaikan crude oil sales during November 2021 and gross $8.5 million ($6.7 million net) in relation to the arrears from the outstanding January 2020 to February 2020 invoices.
Following receipt of the arrears payments, the current outstanding arrears balance is $21.9 million net to GKP.
Hier gibt es auch eine kurden Session
https://channel.royalcast.com/sparebank1markets/#!/sparebank…
https://channel.royalcast.com/sparebank1markets/#!/sparebank…
Alles gut im Jahresbericht. Am besten natürlich die Dividenden. Nachdem im Feb 2022 50 mio $ ausgezahlt wurden, sind Dividende 2 und 3 geplant. Am 13. Mai 2022 sollen 65 mio $ ausgezahlt werden und noch einmal 25 mio$ am 25 Juni 2022
Im Jahr 2021 wurde eine ordentliche Dividende in Höhe von 25 Mio. $ (11,697 US-Cent je Stammaktie) gezahlt, gefolgt von einer Sonderdividende in Höhe von 25 Mio. $ (11,697 US-Cent je Stammaktie) und einer Zwischendividende für 2021 in Höhe von 50 Mio. $ (23,394 US-Cent je Stammaktie) (2020 wurden keine Dividenden gezahlt). Im Jahr 2022 wurde bisher eine Zwischendividende in Höhe von 50 Mio. $ gezahlt. Eine weitere Zwischendividende in Höhe von 65 Mio. $ wird voraussichtlich am 13. Mai 2022 gezahlt, basierend auf einem Stichtag am 29. April 2022 und einem Ex-Dividenden-Tag am 28. April 2022. Eine ordentliche Dividende in Höhe von 25 Mio. USD muss auf der Hauptversammlung am 24. Juni 2022 genehmigt werden und wird am 15. Juli 2022 an die Aktionäre ausgezahlt, wobei als Stichtag der 1. Juli 2022 gilt.
Übersetzt mit www.DeepL.com/Translator (kostenlose Version)
https://polaris.brighterir.com/public/gulf_keystone_petroleu…
Im Jahr 2021 wurde eine ordentliche Dividende in Höhe von 25 Mio. $ (11,697 US-Cent je Stammaktie) gezahlt, gefolgt von einer Sonderdividende in Höhe von 25 Mio. $ (11,697 US-Cent je Stammaktie) und einer Zwischendividende für 2021 in Höhe von 50 Mio. $ (23,394 US-Cent je Stammaktie) (2020 wurden keine Dividenden gezahlt). Im Jahr 2022 wurde bisher eine Zwischendividende in Höhe von 50 Mio. $ gezahlt. Eine weitere Zwischendividende in Höhe von 65 Mio. $ wird voraussichtlich am 13. Mai 2022 gezahlt, basierend auf einem Stichtag am 29. April 2022 und einem Ex-Dividenden-Tag am 28. April 2022. Eine ordentliche Dividende in Höhe von 25 Mio. USD muss auf der Hauptversammlung am 24. Juni 2022 genehmigt werden und wird am 15. Juli 2022 an die Aktionäre ausgezahlt, wobei als Stichtag der 1. Juli 2022 gilt.
Übersetzt mit www.DeepL.com/Translator (kostenlose Version)
https://polaris.brighterir.com/public/gulf_keystone_petroleu…
Antwort auf Beitrag Nr.: 71.231.133 von texas2 am 30.03.22 12:36:29Inklusive der Dividende im Juli 2022 hat Gkp, seitdem Dividenden ausgezahlt werden aufsummiert 1,21£ je Aktie ausgezahlt.
https://www.dividenddata.co.uk/dividend-calculator.py?epic=G…
https://www.dividenddata.co.uk/dividend-calculator.py?epic=G…
N Irak Kurdistan plant jetzt als Gegengewicht bzw -reaktion zu Bagdad eine eigene staatliche Ölfirma
https://oilprice.com/Latest-Energy-News/World-News/Kurdistan…
https://oilprice.com/Latest-Energy-News/World-News/Kurdistan…
Antwort auf Beitrag Nr.: 71.814.323 von texas2 am 20.06.22 08:31:3422 June 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $62.0 million ($48.5 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during March 2022.
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $62.0 million ($48.5 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during March 2022.
Die Präsenatation von der jahreshauptversammlung.
Neu: die schulden, dh der 100 mio bond soll abgelöst werden was mMn gut ist
in der präsi schaut mMn alle gut aus, ok das politische risiko ist in dieser ecke immer da (zur zeit zündeln wieder wahrscheinlich iranisch unterstützte gruppen) aber die zeiten waren auch schon einmal schlechter
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Neu: die schulden, dh der 100 mio bond soll abgelöst werden was mMn gut ist
in der präsi schaut mMn alle gut aus, ok das politische risiko ist in dieser ecke immer da (zur zeit zündeln wieder wahrscheinlich iranisch unterstützte gruppen) aber die zeiten waren auch schon einmal schlechter
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Antwort auf Beitrag Nr.: 71.856.839 von texas2 am 25.06.22 16:50:52Zwar zündeln die Iraner abef die Dividenden kommen
15 July 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”)
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $48.7 million ($38.1 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during April 2022.
Und die Schulden werden zurückgezahlt
Gulf Keystone Petroleum Ltd(GKP)
Anleiherückzahlungsmitteilung
18. Juli 2022/10:47 GMT/BST
Veröffentlichung einer regulatorischen Ankündigung, übermittelt durch die EQS Group.
Für den Inhalt dieser Bekanntmachung ist allein der Emittent verantwortlich.
18. Juli 2022
Hinweis zur Rückzahlung der Anleihe
Im Anschluss an die jüngste Ankündigung von Gulf Keystone, die ausstehenden Forderungen einzufordern100 Millionen DollarBond, bestätigt das Unternehmen , dass es heute eine schriftliche Mitteilung an gesendet hatNordischer Treuhänder AS, dem Treuhänder der Anleihe des Unternehmens mit der ISIN NO 001 0828106 , dass er seine Kaufoption ausüben und die Anleihe zurückzahlen wird . Die wichtigsten Informationen lauten wie folgt :
Aussteller:Gulf Keystone Petroleum Ltd.
ISIN der Anleihe: NO 001 0828106
Datum der Einlösung:2. August 2022
Rückzahlungsbetrag:100 Millionen Dollar
Ausstehender Anleihebetrag nach Rückzahlung: Null
Rücknahmepreis: 102,0 Prozent. des Nennbetrags zuzüglich aufgelaufener Zinsen.
Das Unternehmen wird ein Update bereitstellen, sobald die Rückzahlung der Anleihe abgeschlossen ist.
15 July 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”)
Shaikan Payments Update
Gulf Keystone confirms that a gross payment of $48.7 million ($38.1 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during April 2022.
Und die Schulden werden zurückgezahlt
Gulf Keystone Petroleum Ltd(GKP)
Anleiherückzahlungsmitteilung
18. Juli 2022/10:47 GMT/BST
Veröffentlichung einer regulatorischen Ankündigung, übermittelt durch die EQS Group.
Für den Inhalt dieser Bekanntmachung ist allein der Emittent verantwortlich.
18. Juli 2022
Hinweis zur Rückzahlung der Anleihe
Im Anschluss an die jüngste Ankündigung von Gulf Keystone, die ausstehenden Forderungen einzufordern100 Millionen DollarBond, bestätigt das Unternehmen , dass es heute eine schriftliche Mitteilung an gesendet hatNordischer Treuhänder AS, dem Treuhänder der Anleihe des Unternehmens mit der ISIN NO 001 0828106 , dass er seine Kaufoption ausüben und die Anleihe zurückzahlen wird . Die wichtigsten Informationen lauten wie folgt :
Aussteller:Gulf Keystone Petroleum Ltd.
ISIN der Anleihe: NO 001 0828106
Datum der Einlösung:2. August 2022
Rückzahlungsbetrag:100 Millionen Dollar
Ausstehender Anleihebetrag nach Rückzahlung: Null
Rücknahmepreis: 102,0 Prozent. des Nennbetrags zuzüglich aufgelaufener Zinsen.
Das Unternehmen wird ein Update bereitstellen, sobald die Rückzahlung der Anleihe abgeschlossen ist.
Nachdem die kurden vor Jahren das von Gkp geförderte erdöl nicht bezahlen konnten wegen der amoklaufenden IS, hätten die damaligen Kreditgeber die damalige Gkp beinahe komplett einkassiert. Vom damaligen Aktiebesitz blieb nur ein 100stel über aber zum Glück haben sich diese sehr mageren überbleibsel für die Aktionäre inzwischen sehr gut entwickelt, ( vor allem wenn man als altaktionär dazu unter extremen finanziellen "schmerzen" und bei extremen risiko im gefallenen messer gegen die seriöse rationale empfehlung nachgekauft hat) hier hatte man tatsächlich zuvor die sprichwörtlichen schmerzen bevor der erste gewinn kam.
Heute hat Gkp den gegenwärtigen Bond (von dem das vorherige Management fälschlicher Weise dachte, dass er notwendig sei nach der unseligen Konsolidierung) komplett aus der Portokasse zurückgezahlt. Dh Gkp kann somit nicht mehr in eine Zwickmühle gebracht werden, wie vor der Konsolidierung - und es ist ein schönes schuldenfreies Gefühl für die Aktionäre. Auch die kommenden Capex für die Feldeserweiterung kann Gkp locker aus der Portokasse bezahlen. Somit werden in diesem Jahr noch und darüber hinaus (wenn der Ölpreis nicht abschmiert und oder das politische Risiko im N Irak eskaliert - aber man kennt es ja auch nicht anders Lol) die Dividenden nicht bloss fliessen sondern richtig sprudeln :-)
3 August 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”)
Completion of Bond Redemption
Further to Gulf Keystone’s announcement on 18 July 2022, the Company confirms that it has completed the redemption of its $100 million bond with ISIN NO 001 0828106, leaving the Company debt-free.
EnquiriesGulf Keystone:+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
Heute hat Gkp den gegenwärtigen Bond (von dem das vorherige Management fälschlicher Weise dachte, dass er notwendig sei nach der unseligen Konsolidierung) komplett aus der Portokasse zurückgezahlt. Dh Gkp kann somit nicht mehr in eine Zwickmühle gebracht werden, wie vor der Konsolidierung - und es ist ein schönes schuldenfreies Gefühl für die Aktionäre. Auch die kommenden Capex für die Feldeserweiterung kann Gkp locker aus der Portokasse bezahlen. Somit werden in diesem Jahr noch und darüber hinaus (wenn der Ölpreis nicht abschmiert und oder das politische Risiko im N Irak eskaliert - aber man kennt es ja auch nicht anders Lol) die Dividenden nicht bloss fliessen sondern richtig sprudeln :-)
3 August 2022
Gulf Keystone Petroleum Ltd. (LSE: GKP) (“Gulf Keystone”, “GKP” or “the Company”)
Completion of Bond Redemption
Further to Gulf Keystone’s announcement on 18 July 2022, the Company confirms that it has completed the redemption of its $100 million bond with ISIN NO 001 0828106, leaving the Company debt-free.
EnquiriesGulf Keystone:+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
Antwort auf Beitrag Nr.: 72.114.783 von texas2 am 03.08.22 10:55:21Heute wurden die Halbjahreszahlen präsentiert und die sehen gut aus.
Bisher hat Gkp in 2022 190 mio $ Dividenden ausgezahlt und am 7. Okt 2022 sollen noch einmal 25 mio $ ausgezahlt werden. Damit wären das in 2022 bisher 215 mio $ bzw eine weltmeisterliche Verzinsung von rund 36% (heutiger Kurs). Ausserdem erhoffe ich Ende 2022 noch eine fette Dividendenauszahlung.
Die Produktion ist leicht auf 45.000 bbl/ d angestiegen
Der Field Development Plan wurde von den Kurden noch immer nicht freigegeben, obwohl sie sich damit selber schaden, wenn Gkp die Produktion dadurch nicht weiter erhöhen kann. Aber denke ich wird schon noch kommen und bis dahin sind die Dividenden ein kleines trostpflaster.
https://polaris.brighterir.com/public/gulf_keystone_petroleu…
Bisher hat Gkp in 2022 190 mio $ Dividenden ausgezahlt und am 7. Okt 2022 sollen noch einmal 25 mio $ ausgezahlt werden. Damit wären das in 2022 bisher 215 mio $ bzw eine weltmeisterliche Verzinsung von rund 36% (heutiger Kurs). Ausserdem erhoffe ich Ende 2022 noch eine fette Dividendenauszahlung.
Die Produktion ist leicht auf 45.000 bbl/ d angestiegen
Der Field Development Plan wurde von den Kurden noch immer nicht freigegeben, obwohl sie sich damit selber schaden, wenn Gkp die Produktion dadurch nicht weiter erhöhen kann. Aber denke ich wird schon noch kommen und bis dahin sind die Dividenden ein kleines trostpflaster.
https://polaris.brighterir.com/public/gulf_keystone_petroleu…
(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating and 370.0p target price on exploration and production outfit Gulf Keystone on Friday following the group's first-half results.
Canaccord Genuity said Gulf Keystone had delivered another "very strong set of results" both operationally and financially, with a further $25.0m dividend declared for 2022.
Operationally, Gulf Keystone has done a good job of maintaining production at current levels while it accelerates the implementation of water handling facilities at both production facilities on Shaikan.
The Canadian bank said Gulf's "solid production base", combined with high oil prices, has led to an "outstanding financial performance", allowing the company to increase full-year total shareholder returns to $215.0m.
Furthermore, Canaccord highlighted that after H122, Gulf Keystone had been able to redeem its $100.0m bonds a year early.
"Despite that total return of $315m to shareholders and creditors and increased capex (due to the addition of a well), we expect the company to maintain a very strong balance sheet, and we project around $170.0m cash and no debt at YE22," said Canaccord.
Canaccord Genuity said Gulf Keystone had delivered another "very strong set of results" both operationally and financially, with a further $25.0m dividend declared for 2022.
Operationally, Gulf Keystone has done a good job of maintaining production at current levels while it accelerates the implementation of water handling facilities at both production facilities on Shaikan.
The Canadian bank said Gulf's "solid production base", combined with high oil prices, has led to an "outstanding financial performance", allowing the company to increase full-year total shareholder returns to $215.0m.
Furthermore, Canaccord highlighted that after H122, Gulf Keystone had been able to redeem its $100.0m bonds a year early.
"Despite that total return of $315m to shareholders and creditors and increased capex (due to the addition of a well), we expect the company to maintain a very strong balance sheet, and we project around $170.0m cash and no debt at YE22," said Canaccord.
Endlich, der Deal ist durch
VANCOUVER, BC, Sept. 14, 2022 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North Growth Market (Sweden): SNM) is pleased to announce that the acquisition of TEPKRI Sarsang A/S ("TEPKRI"), that was previously announced in the Company's news release of July 12, 2021, has been completed today. View PDF
In addition, the Company has filed the necessary paperwork in Denmark to change TEPKRI's name to ShaMaran Sarsang A/S and also to change its Copenhagen registered office address.
Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran stated, "This is a momentous day for ShaMaran as with this acquisition (effective date of January 1, 2021) we have transformed ShaMaran from being a single asset company into one owning a portfolio of stakes in three world class producing oil fields (Atrush, Swara Tika and East Swara Tika) in Kurdistan with improved oil qualities and complementary production horizons. Based on the guidance from the operator of Sarsang, net production to ShaMaran will more than double on a pro-forma basis, positioning ShaMaran among the top five International Oil Companies in Kurdistan on a net production basis. We also expect our reserves to also more than double and the Company will update the market on this sizeable reserve acquisition in due course.
As part of the transaction closing, the two outstanding bonds of the Company are being merged into a single $300 million issue with maturity in 2025. Interest on the two bonds will be paid on Monday September 26, 2022 prior to bond conversion to be completed on Tuesday September 27, 2022. The interest period for the $300 million 2025 bond will be September 27, 2022 until the next scheduled interest payment in January 2023. During the third quarter of 2022 ShaMaran has bought back a number of its own bonds through competitive market transactions which when combined with the previously disclosed acquisitions means that the Company now owns in excess of 10% of the new 2025 bonds.
At closing the Company has a very strong cash position. Total cash reserves (inclusive of restricted cash) are in excess of $118 million following the acquisition of over $30 million in the Company's own bonds, with pro-forma leverage well under 1x net debt to EBITDA – our stated year end target. It is the Company's intent to imminently retire the $20 million convertible instrument issued to TotalEnergies as part of the purchase price, 11 months ahead of the originally announced schedule. Going forward the Company's financial metrics will strengthen even further and in the current oil price environment, we expect strong cashflows from our three producing oil fields. We look forward to seeing the value created through our successful operations, and acquisitions translate into much stronger growth in shareholder value for years to come."
VANCOUVER, BC, Sept. 14, 2022 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) (Nasdaq First North Growth Market (Sweden): SNM) is pleased to announce that the acquisition of TEPKRI Sarsang A/S ("TEPKRI"), that was previously announced in the Company's news release of July 12, 2021, has been completed today. View PDF
In addition, the Company has filed the necessary paperwork in Denmark to change TEPKRI's name to ShaMaran Sarsang A/S and also to change its Copenhagen registered office address.
Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran stated, "This is a momentous day for ShaMaran as with this acquisition (effective date of January 1, 2021) we have transformed ShaMaran from being a single asset company into one owning a portfolio of stakes in three world class producing oil fields (Atrush, Swara Tika and East Swara Tika) in Kurdistan with improved oil qualities and complementary production horizons. Based on the guidance from the operator of Sarsang, net production to ShaMaran will more than double on a pro-forma basis, positioning ShaMaran among the top five International Oil Companies in Kurdistan on a net production basis. We also expect our reserves to also more than double and the Company will update the market on this sizeable reserve acquisition in due course.
As part of the transaction closing, the two outstanding bonds of the Company are being merged into a single $300 million issue with maturity in 2025. Interest on the two bonds will be paid on Monday September 26, 2022 prior to bond conversion to be completed on Tuesday September 27, 2022. The interest period for the $300 million 2025 bond will be September 27, 2022 until the next scheduled interest payment in January 2023. During the third quarter of 2022 ShaMaran has bought back a number of its own bonds through competitive market transactions which when combined with the previously disclosed acquisitions means that the Company now owns in excess of 10% of the new 2025 bonds.
At closing the Company has a very strong cash position. Total cash reserves (inclusive of restricted cash) are in excess of $118 million following the acquisition of over $30 million in the Company's own bonds, with pro-forma leverage well under 1x net debt to EBITDA – our stated year end target. It is the Company's intent to imminently retire the $20 million convertible instrument issued to TotalEnergies as part of the purchase price, 11 months ahead of the originally announced schedule. Going forward the Company's financial metrics will strengthen even further and in the current oil price environment, we expect strong cashflows from our three producing oil fields. We look forward to seeing the value created through our successful operations, and acquisitions translate into much stronger growth in shareholder value for years to come."
Wobei mir das Kursplus von 10% in Schweden im Augenblick ein wenig mickrig vorkommt. Ich denke der Markt hat das Gute an dem Deal und damit die erhöhte Produktion für jetzt und in der Zukunft für Snm aus den 3 Feldern noch gar nicht verstanden
Oohh sorry, richtige Geographie abef falsche Ölfirma
Vielleicht bekommen die Kurden dadurch ein wenig mehr Einfluss und Gewicht in Baghdad als Königsmacher?
Iraqi MPs elected Kurdish politician Abdul Latif Rashid as the new president in a meeting on Thursday, in the fourth attempt to end the year-long political deadlock that has seen deadly violence and protests across the country.
Once formally elected, Rashid is expected to offer a mandate to a new prime minister to form a government and replace the interim-prime minister, Mustafa al-Kadhimi.
source aus ERBIL, Kurdistan Region
MPs were forced to delay their meeting for an hour after nine rockets landed inside the fortified Green Zone in Baghdad, which hosts Iraq's parliament and ministries.
Rashid, 78, is a former water resources minister and Patriotic Union of Kurdistan (PUK) leader. He won a majority vote.
There were nearly 30 candidates for the role of president, but the vote boiled down to two forerunners, Rashid and Barham Salih, 61, the outgoing Iraqi president since October 2018 and also a leader from PUK.
Iraqi MPs elected Kurdish politician Abdul Latif Rashid as the new president in a meeting on Thursday, in the fourth attempt to end the year-long political deadlock that has seen deadly violence and protests across the country.
Once formally elected, Rashid is expected to offer a mandate to a new prime minister to form a government and replace the interim-prime minister, Mustafa al-Kadhimi.
source aus ERBIL, Kurdistan Region
MPs were forced to delay their meeting for an hour after nine rockets landed inside the fortified Green Zone in Baghdad, which hosts Iraq's parliament and ministries.
Rashid, 78, is a former water resources minister and Patriotic Union of Kurdistan (PUK) leader. He won a majority vote.
There were nearly 30 candidates for the role of president, but the vote boiled down to two forerunners, Rashid and Barham Salih, 61, the outgoing Iraqi president since October 2018 and also a leader from PUK.
Antwort auf Beitrag Nr.: 72.574.801 von texas2 am 13.10.22 21:29:04Gulf Keystone confirms that a gross payment of $64.8 million ($50.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during June 2022.
Fri, 11th Nov 2022 08:00
Gulf Keystone confirms that a gross payment of $57.7 million ($45.3 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during July 2022.
hier noch eine analyse zu einer kennzahl:
https://uk.news.yahoo.com/gulf-keystone-petroleum-limiteds-l…
Gulf Keystone confirms that a gross payment of $57.7 million ($45.3 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during July 2022.
hier noch eine analyse zu einer kennzahl:
https://uk.news.yahoo.com/gulf-keystone-petroleum-limiteds-l…
Seit Nov 2022 tun sich die kurdischen Iraker wieder einmal schwer das produzierte Öl zu bezahlen. Zusätzlich haben sie die vertraglichen Randbedingungen ein wenig verschlechtert für die produzierenden Ölfirmen.
https://www.iraqoilreport.com/news/new-krg-policy-shifts-oil…
https://www.iraqoilreport.com/news/new-krg-policy-shifts-oil…
Folgend die Pareto-Präsentation, in der steht dass GKP genügend Rücklagen hat, um die verzögerten Auszahlungen für das geförderte Öl zu überleben (also eine komfortablere Situation als zu Zeiten der ISIS)
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Zum Querlesen habe ich bei Shamaran auch die HKN Präsentation aus dem Nachbarfeld Sarsang zusammen mit der Shamaran Pareto Präsentation reinkopiert.
Auf dass sich der kurdische KBT crude oil blend gut verkauft in der Zukunft.
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Zum Querlesen habe ich bei Shamaran auch die HKN Präsentation aus dem Nachbarfeld Sarsang zusammen mit der Shamaran Pareto Präsentation reinkopiert.
Auf dass sich der kurdische KBT crude oil blend gut verkauft in der Zukunft.
Antwort auf Beitrag Nr.: 73.133.334 von texas2 am 20.01.23 20:58:58Endlich wird wieder das produzierte Öl von den Kurden auch bei GKP bezahlt
26 January 2023
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Shaikan Payment Update
Gulf Keystone confirms that a gross payment of $49.5 million ($38.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during August 2022.
26 January 2023
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Shaikan Payment Update
Gulf Keystone confirms that a gross payment of $49.5 million ($38.8 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during August 2022.
Gestern gab es eine ganz starke Päsentation auf der Konferenz der Sparebank…. Die Dividende sollte in diesem Jahr wieder bei annähernd 20 % liegen…… das Feld liegt aber in Kurdistan.
Was ist denn hier los? War Dividendenausschüttung oder warum geht's so runter? 😲
Antwort auf Beitrag Nr.: 73.557.786 von Fuenfvorzwoelf am 27.03.23 09:53:18Gulf Keystone shares fall as Iraq-Turkey pipeline is shut
Africa Oil is building an integrated oil company with producing assets
read more >
viewGulf Keystone Petroleum Limited
(
LSE:GKP
)
Gulf Keystone shares fall as Iraq-Turkey pipeline is shut
Gulf Keystone Petroleum Limited - Gulf Keystone Petroleum shares fall as Iraq-Turkey pipeline is shut
Gulf Keystone Petroleum Limited (LSE:GKP) shares fell around 16% in Monday’s early deals as it reported to investors that the main export route out of the Kurdistan region of northern Iraq, the Iraq-Turkey pipeline, has been shut-in.
The shut-in was at Turkey’s request and follows an arbitration ruling by the International Chamber of Commerce in Paris, which determined that Turkey was violating the terms of a 1973 bilateral agreement by allowing the Kurdistan Regional Government (KRG) to export crude through the pipeline without Baghdad’s consent, GKP said in a statement.
Turkey has shut-in the pipeline until the situation is resolved, GKP noted in a statement, which also detailed that production from the company’s Shaikan field will now be at a constrained rate, utilising storage facilities in the coming days – and will be suspended once storage is full.
“Although it is not yet clear when export operations will resume, public statements made by the KRG, Kurdistan’s Ministry of Natural Resources (MNR) and the Iraqi Ministry of Oil (MOO) lead us to believe that the suspension of exports will be temporary,” GKP told investors.
It added: “GKP is closely monitoring the situation and engaging with both the KRG and the MNR. The company will provide further updates to the market, as appropriate.”
In London, GKP shares fell 28.4p or 16.38% to trade at 145p each.
https://www.proactiveinvestors.co.uk/companies/news/1010255/…
Africa Oil is building an integrated oil company with producing assets
read more >
viewGulf Keystone Petroleum Limited
(
LSE:GKP
)
Gulf Keystone shares fall as Iraq-Turkey pipeline is shut
Gulf Keystone Petroleum Limited - Gulf Keystone Petroleum shares fall as Iraq-Turkey pipeline is shut
Gulf Keystone Petroleum Limited (LSE:GKP) shares fell around 16% in Monday’s early deals as it reported to investors that the main export route out of the Kurdistan region of northern Iraq, the Iraq-Turkey pipeline, has been shut-in.
The shut-in was at Turkey’s request and follows an arbitration ruling by the International Chamber of Commerce in Paris, which determined that Turkey was violating the terms of a 1973 bilateral agreement by allowing the Kurdistan Regional Government (KRG) to export crude through the pipeline without Baghdad’s consent, GKP said in a statement.
Turkey has shut-in the pipeline until the situation is resolved, GKP noted in a statement, which also detailed that production from the company’s Shaikan field will now be at a constrained rate, utilising storage facilities in the coming days – and will be suspended once storage is full.
“Although it is not yet clear when export operations will resume, public statements made by the KRG, Kurdistan’s Ministry of Natural Resources (MNR) and the Iraqi Ministry of Oil (MOO) lead us to believe that the suspension of exports will be temporary,” GKP told investors.
It added: “GKP is closely monitoring the situation and engaging with both the KRG and the MNR. The company will provide further updates to the market, as appropriate.”
In London, GKP shares fell 28.4p or 16.38% to trade at 145p each.
https://www.proactiveinvestors.co.uk/companies/news/1010255/…
Schließung von irakischer Pipeline lassen Aktienkurse von Ölfirmen abstürzen
Die Schließung einer Ölpipeline vom Irak in die Türkei hat die Aktienkurse einiger in der Gegend aktive Ölfirmen auf Talfahrt geschickt. In London brachen die Papiere von Genel Energy und Gulf Keystone um bis zu 25 Prozent ein. In Oslo verloren DNO zeitweise knapp zwölf Prozent.
Der Irak hatte ein langjähriges Schiedsverfahren im Streit gegen die Türkei gewonnen. Bei der Auseinandersetzung ging es um Ölexporte aus der halbautonomen nordirakischen Region Kurdistan und Ölfeldern nördlich der Stadt Kirkuk. Die Regierung in Bagdad betrachtet die Ausfuhren durch die kurdische Regionalregierung zum türkischen Verladehafen Ceyhan als illegal.
Die Schließung einer Ölpipeline vom Irak in die Türkei hat die Aktienkurse einiger in der Gegend aktive Ölfirmen auf Talfahrt geschickt. In London brachen die Papiere von Genel Energy und Gulf Keystone um bis zu 25 Prozent ein. In Oslo verloren DNO zeitweise knapp zwölf Prozent.
Der Irak hatte ein langjähriges Schiedsverfahren im Streit gegen die Türkei gewonnen. Bei der Auseinandersetzung ging es um Ölexporte aus der halbautonomen nordirakischen Region Kurdistan und Ölfeldern nördlich der Stadt Kirkuk. Die Regierung in Bagdad betrachtet die Ausfuhren durch die kurdische Regionalregierung zum türkischen Verladehafen Ceyhan als illegal.
Nicht gut. Da ziehen dunkle Wolken auf.
Es gab wohl einen Deal. Mal sehen wir grün GKP morgen eröffnet. ;-)
https://www.reuters.com/business/energy/baghdad-krg-close-de…
https://www.reuters.com/business/energy/baghdad-krg-close-de…
Weiter unten im Artikel:
A second arbitration case relating to the 1973 pipeline agreement for the period from 2018 onwards remains open, and one source said this could take around two years to settle.
Turkey wants that case resolved before reopening the pipeline, three sources told Reuters.
A second arbitration case relating to the 1973 pipeline agreement for the period from 2018 onwards remains open, and one source said this could take around two years to settle.
Turkey wants that case resolved before reopening the pipeline, three sources told Reuters.
Gibt es News zur Wiedereröffnung der Pipeline in die Türkei. Solang dieses Thema nicht erledigt ist, wird sich bei der Aktie nicht viel tun.
Soweit meine Recherche ergeben hat, nein
Heute war die HV. Kurz zusammengefasst, die Pipeline über die Türkei ist noch zu, Gespräche zur Wiedereröffnung laufen, Kosten wurden auf 6Mil. Pro Monat reduziert, Produktion wurde gestoppt jedoch kann jederzeit wieder hochgefahren werden, Prüfung von Ölverkäufen an lokale Käufer (wahrscheinlich zu niedrigeren Preisen), Gesellschaft ist in Gesprächen mit der lokalen Regierung Kurdistans über offene Rechnungen in Höhe von 151 Mil. USD. FAZIT, Gesellschaft hat Kosten gesenkt, wenn Pipeline wieder öffnet und die Regierung Kurdistans zahlt, ist hier m. Meinung nach sehr viel möglich (inkl. wieder Aufnahme Dividendenzahlung)
Warum heute dieser Kurssturz?
Ich habe auch keine Erklärung. Heute wurde verkündet das die Halbjahreszahlen am 31.08. veröffentlicht werden. Wurde die Veröffentlichung vl verschoben? Ich weiß allerdings nicht für wann die ursprünglich angekündigt wurden. Wäre eine mögliche Erklärung, mehr auch nicht
Überlege einen Nachkauf. Die Öl-Reserven sind ja da und genug Cash ist auch vorhanden. Hängt (fast) alles von der Wieder Öffnung der Pipeline ab. Oder man findet andere (teurere) Wege, um das Öl zu verkaufen. Bedeutend ist auch die Zahlung der ausstehenden Schulden von Kurdistan
Überlege einen Nachkauf. Die Öl-Reserven sind ja da und genug Cash ist auch vorhanden. Hängt (fast) alles von der Wieder Öffnung der Pipeline ab. Oder man findet andere (teurere) Wege, um das Öl zu verkaufen. Bedeutend ist auch die Zahlung der ausstehenden Schulden von Kurdistan.
Heute nachgekauft
Gibt es dafür einen konkreten Grund… es steht ja weiterhin eine KEH im Raum
Die Pipeline soll evtl. bald wieder geöffnet werden. Mehr dazu bei Cornel und Thomas auf utube "einfachnurrohstoffe".
Gruß Lenny
Gruß Lenny
Das ist so nicht richtig: Iraq and Turkey previously agreed to wait until maintenance works were complete before resuming the pipeline that contributes about 0.5% of global oil supply. Sources said oil flows are not expected to start before October, with KRG losing roughly $4 billion in lost exports.
Ferner wird noch über Schadenersatz bzgl der diversen Schiedsverfahren verhandelt…. Ich denke er wird noch dauern. Technisch ist die Pipeline nunmehr betriebsbereit
Iraq and Turkey previously agreed to wait until maintenance works were complete before resuming the pipeline that contributes about 0.5% of global oil supply. Sources said oil flows are not expected to start before October, with KRG losing roughly $4 billion in lost exports.
Ferner wird noch über Schadenersatz bzgl der diversen Schiedsverfahren verhandelt…. Ich denke er wird noch dauern. Technisch ist die Pipeline nunmehr betriebsbereit
Iraq and Turkey previously agreed to wait until maintenance works were complete before resuming the pipeline that contributes about 0.5% of global oil supply. Sources said oil flows are not expected to start before October, with KRG losing roughly $4 billion in lost exports.
https://ukinvestormagazine.co.uk/gulf-keystone-petroleum-sha…
Die Aktien von Gulf Keystone Petroleum scheinen für abenteuerlustige Anleger ein gutes Preis-Leistungs-Verhältnis zu bieten
Avatar-Foto
Von
Britisches Investorenmagazin
25.09.2023
Aktie
Die Aktien von Gulf Keystone Petroleum (LON:GKP) stiegen am Montag, nachdem das Unternehmen mitteilte, dass die lokalen Verkäufe von Rohöl aus seinem Ölfeld in Kurdistan im September gestiegen seien.
Selbst nach der 12-prozentigen Rallye am Montagmorgen sind die GKP-Aktien in den letzten sechs Monaten stark gefallen und scheinen für Anleger, die bereit sind, ein hohes Risiko einzugehen, ein gutes Preis-Leistungs-Verhältnis zu sein.
Anfang dieses Jahres schloss die Türkei die Exportpipeline Kirkuk–Ceyhan, auch als irakisch-türkische Pipeline bekannt, aufgrund von Machtkämpfen zwischen der KRG und der irakischen Zentralregierung, die dazu führten, dass die Türkei der irakischen Zentralregierung Schadensersatz in Höhe von 1,5 Milliarden US-Dollar zahlte Verstoß gegen ein altes Öltransitabkommen.
Die Unfähigkeit von Gulf Keystone Petroleum, Lieferungen über die Pipeline durchzuführen, schmälerte ihre Einnahmen und schickte die Aktien in den freien Fall.
Gulf Keystone Petroleum wird geschuldet der Regionalregierung Kurdistans (KRG) 151 Millionen US-Dollar für Öllieferungen zwischen Oktober 2022 und März 2023. Die Zahlung des ausstehenden Betrags und die Wiederaufnahme der Ölexporte sind für die Zukunft von GKP und die Rendite der Aktionäre von entscheidender Bedeutung.
Die Hoffnungen auf eine baldige Wiederaufnahme der Exporte wurden durch das Treffen der Beamten im August verstärkt, doch seitdem hat sich kaum etwas geändert.
Gespräche zwischen der KRG, dem irakischen Ölministerium und den türkischen Behörden laufen bereits seit einiger Zeit, es wurde jedoch kein konkreter Zeitplan für die Wiederaufnahme der Exporte bekannt gegeben.
Gulf Keystone Petroleum hat auf lokale Verkäufe zurückgegriffen, um den Betrieb zu unterstützen. Heute gab das Unternehmen bekannt, dass sich die Rohölverkäufe zwischen dem 1. und 24. September auf 28.800 Barrel pro Tag beliefen, ein Anstieg gegenüber den 17.200 Barrel pro Tag, die im August verkauft wurden.
Die lokalen Umsätze verblassen im Vergleich zu den Exporteinnahmen, und das Unternehmen führt erhebliche Kostensenkungen durch, da keine Zahlungen von der KRG erfolgen. Das Unternehmen sagte, dass die aktuellen lokalen Verkäufe an Raffinerien in Kurdistan nun die Kosten decken.
Das Unternehmen verfügt aufgrund der Kostensenkungsmaßnahme und der Sicherung des lokalen Rohölabsatzes über eine einigermaßen gute Kapitalausstattung. Zum 30. August 2023 verfügt Gulf Keystone über einen Barbestand von 82 Millionen US-Dollar und keine Schulden. Anfang August betrug der Bargeldbestand 80 Millionen US-Dollar.
Sollte Gulf Keystone Petroleum die ihnen geschuldeten 151 Millionen US-Dollar erhalten, belaufen sich die Barmittel auf über 230 Millionen US-Dollar – geringfügig unter der aktuellen Marktkapitalisierung.
Dies würde GKP zu einem enorm guten Preis-Leistungs-Verhältnis machen. Bedenken Sie, dass dieses Unternehmen den Anlegern vor der Schließung der Pipeline in diesem Jahr eine stattliche Dividende gezahlt hat.
Allerdings ist die Frage, „wann“ und „ob“ Gulf Keystone Petroleum diese Zahlung erhält, eine große Unsicherheit, ebenso wie die Wiederaufnahme der Exportverkäufe.
Die Aktien von Gulf Keystone Petroleum scheinen für abenteuerlustige Anleger ein gutes Preis-Leistungs-Verhältnis zu bieten
Avatar-Foto
Von
Britisches Investorenmagazin
25.09.2023
Aktie
Die Aktien von Gulf Keystone Petroleum (LON:GKP) stiegen am Montag, nachdem das Unternehmen mitteilte, dass die lokalen Verkäufe von Rohöl aus seinem Ölfeld in Kurdistan im September gestiegen seien.
Selbst nach der 12-prozentigen Rallye am Montagmorgen sind die GKP-Aktien in den letzten sechs Monaten stark gefallen und scheinen für Anleger, die bereit sind, ein hohes Risiko einzugehen, ein gutes Preis-Leistungs-Verhältnis zu sein.
Anfang dieses Jahres schloss die Türkei die Exportpipeline Kirkuk–Ceyhan, auch als irakisch-türkische Pipeline bekannt, aufgrund von Machtkämpfen zwischen der KRG und der irakischen Zentralregierung, die dazu führten, dass die Türkei der irakischen Zentralregierung Schadensersatz in Höhe von 1,5 Milliarden US-Dollar zahlte Verstoß gegen ein altes Öltransitabkommen.
Die Unfähigkeit von Gulf Keystone Petroleum, Lieferungen über die Pipeline durchzuführen, schmälerte ihre Einnahmen und schickte die Aktien in den freien Fall.
Gulf Keystone Petroleum wird geschuldet der Regionalregierung Kurdistans (KRG) 151 Millionen US-Dollar für Öllieferungen zwischen Oktober 2022 und März 2023. Die Zahlung des ausstehenden Betrags und die Wiederaufnahme der Ölexporte sind für die Zukunft von GKP und die Rendite der Aktionäre von entscheidender Bedeutung.
Die Hoffnungen auf eine baldige Wiederaufnahme der Exporte wurden durch das Treffen der Beamten im August verstärkt, doch seitdem hat sich kaum etwas geändert.
Gespräche zwischen der KRG, dem irakischen Ölministerium und den türkischen Behörden laufen bereits seit einiger Zeit, es wurde jedoch kein konkreter Zeitplan für die Wiederaufnahme der Exporte bekannt gegeben.
Gulf Keystone Petroleum hat auf lokale Verkäufe zurückgegriffen, um den Betrieb zu unterstützen. Heute gab das Unternehmen bekannt, dass sich die Rohölverkäufe zwischen dem 1. und 24. September auf 28.800 Barrel pro Tag beliefen, ein Anstieg gegenüber den 17.200 Barrel pro Tag, die im August verkauft wurden.
Die lokalen Umsätze verblassen im Vergleich zu den Exporteinnahmen, und das Unternehmen führt erhebliche Kostensenkungen durch, da keine Zahlungen von der KRG erfolgen. Das Unternehmen sagte, dass die aktuellen lokalen Verkäufe an Raffinerien in Kurdistan nun die Kosten decken.
Das Unternehmen verfügt aufgrund der Kostensenkungsmaßnahme und der Sicherung des lokalen Rohölabsatzes über eine einigermaßen gute Kapitalausstattung. Zum 30. August 2023 verfügt Gulf Keystone über einen Barbestand von 82 Millionen US-Dollar und keine Schulden. Anfang August betrug der Bargeldbestand 80 Millionen US-Dollar.
Sollte Gulf Keystone Petroleum die ihnen geschuldeten 151 Millionen US-Dollar erhalten, belaufen sich die Barmittel auf über 230 Millionen US-Dollar – geringfügig unter der aktuellen Marktkapitalisierung.
Dies würde GKP zu einem enorm guten Preis-Leistungs-Verhältnis machen. Bedenken Sie, dass dieses Unternehmen den Anlegern vor der Schließung der Pipeline in diesem Jahr eine stattliche Dividende gezahlt hat.
Allerdings ist die Frage, „wann“ und „ob“ Gulf Keystone Petroleum diese Zahlung erhält, eine große Unsicherheit, ebenso wie die Wiederaufnahme der Exportverkäufe.
Die gesperrte durch die Türkey nach Ceyhan richtet enormen Schaden bei allen Beteiligten an, von daher glaube ich, dass es sich nur um Tage bis zur Wiedereröffnung handeln kann. Das legen auch die einschlägigen Kommentierungen nahe.
Von der Eröffnung sollte Gulf KS im besonderen Masse profitieren
https://www.reuters.com/business/energy/what-is-stopping-ira…
https://www.reuters.com/business/energy/what-is-stopping-ira…
https://www.upstreamonline.com/politics/-35-million-lost-eve…
Von der Eröffnung sollte Gulf KS im besonderen Masse profitieren
https://www.reuters.com/business/energy/what-is-stopping-ira…
https://www.reuters.com/business/energy/what-is-stopping-ira…
https://www.upstreamonline.com/politics/-35-million-lost-eve…
Antwort auf Beitrag Nr.: 74.647.886 von mistery01 am 17.10.23 17:23:48https://peelhuntoilandgas.gallery.video/231019
Iraq officials, Kurdish industry reps meet to discuss pipeline restart
8 November 2023 17:29
By Natalie Grover
LONDON, Nov 8 (Reuters) – Iraqi government oil officials for the first time met with representatives of the Association of the Petroleum Industry of Kurdistan (APIKUR) on Wednesday to discuss the resumption of flows from the embattled export pipeline from Iraq to Turkey.
The meeting on Wednesday, held in Dubai, involved APIKUR, Iraqi ministry representatives, the State Organization for Marketing of Oil (SOMO), and Iraq's North Oil Company in Dubai, according to a statement shared with Reuters.
Turkey halted flows through Iraq's northern oil export route after an arbitration ruling in March by the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad damages for unauthorised exports between 2014 and 2018.
Turkey's energy minister in October said that the pipeline was prepared for shipments to begin, but two senior Iraqi oil officials said at the time that Iraq has not received official notification from Turkey on whether the pipeline is ready.
APIKUR's members include international oil and gas firms that have a direct or indirect interest in upstream oil or gas contracts in Iraq's Kurdistan region, many of which have had to stop output as a result of the pipeline closure.
During the meeting, both APIKUR and Iraqi government officials emphasized the urgency of resuming full oil production and exports under mutually acceptable commercial terms.
But no agreement has so far emerged, a source familiar with the matter said.
"This meeting was an initial step...we anticipate future meetings with all stakeholders," said Myles Caggins, an APIKUR spokesperson in a statement to Reuters.
Iraq, OPEC's second-largest oil producer, exports about 85% of its crude via ports in the south. But the northern route via Turkey still accounts for about 0.5% of global oil supply.
(Reporting by Natalie Grover in London; Editing by Alex Lawler) ((natalie.grover@thomsonreuters.com; Twitter/X: @NatalieGrover
© 2023 Thomson Reuters. Click for Restrictions.
8 November 2023 17:29
By Natalie Grover
LONDON, Nov 8 (Reuters) – Iraqi government oil officials for the first time met with representatives of the Association of the Petroleum Industry of Kurdistan (APIKUR) on Wednesday to discuss the resumption of flows from the embattled export pipeline from Iraq to Turkey.
The meeting on Wednesday, held in Dubai, involved APIKUR, Iraqi ministry representatives, the State Organization for Marketing of Oil (SOMO), and Iraq's North Oil Company in Dubai, according to a statement shared with Reuters.
Turkey halted flows through Iraq's northern oil export route after an arbitration ruling in March by the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad damages for unauthorised exports between 2014 and 2018.
Turkey's energy minister in October said that the pipeline was prepared for shipments to begin, but two senior Iraqi oil officials said at the time that Iraq has not received official notification from Turkey on whether the pipeline is ready.
APIKUR's members include international oil and gas firms that have a direct or indirect interest in upstream oil or gas contracts in Iraq's Kurdistan region, many of which have had to stop output as a result of the pipeline closure.
During the meeting, both APIKUR and Iraqi government officials emphasized the urgency of resuming full oil production and exports under mutually acceptable commercial terms.
But no agreement has so far emerged, a source familiar with the matter said.
"This meeting was an initial step...we anticipate future meetings with all stakeholders," said Myles Caggins, an APIKUR spokesperson in a statement to Reuters.
Iraq, OPEC's second-largest oil producer, exports about 85% of its crude via ports in the south. But the northern route via Turkey still accounts for about 0.5% of global oil supply.
(Reporting by Natalie Grover in London; Editing by Alex Lawler) ((natalie.grover@thomsonreuters.com; Twitter/X: @NatalieGrover
© 2023 Thomson Reuters. Click for Restrictions.
Der Kurs sollte erheblich von der Öffnung der Ceyhan Pipeline profitieren.
Kann man irgendwie abschätzen, wie lange der "Prozess" braucht, bis die Pipeline wiedereröffnet wird?
Antwort auf Beitrag Nr.: 75.166.852 von Donkel_Oktor am 25.01.24 21:35:17wissen wahrscheinlich nicht einmal die türken, sunni, shia araber noch die sich in der zwickmühle (zusammen mit den ölfirmen dort) befindlichen kurden.
hier ein interessanter artikel zur apikur lobbyarbeit
https://www.rudaw.net/english/business/02032024
hier ein interessanter artikel zur apikur lobbyarbeit
https://www.rudaw.net/english/business/02032024
Antwort auf Beitrag Nr.: 75.385.622 von H2OAllergiker am 03.03.24 19:13:48https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/medi…
Die Story ist gut, aber das kann zäh werden noch....Teilweise Geopolitik.
https://de.finance.yahoo.com/news/focus-iraq-turkey-pipeline…
https://de.finance.yahoo.com/news/focus-iraq-turkey-pipeline…
Danke. Interessanter Artikel.
Antwort auf Beitrag Nr.: 75.515.667 von MisterCashMachine am 26.03.24 00:28:55
Irak will die 'kurdische' Ölpipeline nicht mehr in Betrieb nehmen -> Oilprice.com vom 12.04.2024
Spannend. Sieht vielversprechend aus für GKP.Bei Oilprice.com gab es vor zwei Tagen auch Nachrichten:
Bagdad repariert demnach die Kirkuk-Ceyhan-Pipeline, die seit zehn Jahren nicht mehr in Betrieb ist, um die volle Kontrolle über das kurdische Öl zu erlangen.
(Nur die ersten zwei Absätze sind hier relevant. Die ersten zwei Absätze sind frei zugänglich ohne Anmeldung.)
https://oilprice.com/Energy/Energy-General/Iraq-Has-No-Inten…
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