cynic
- 14 Apr 2011 10:30
- 1647 of 5505
but Mr P, who knows everything, reckons the shares are worth sweet FA!
required field
- 14 Apr 2011 10:35
- 1648 of 5505
Well to me this should climb further...(I hope)....I mean this is a huge amount of oil and GKP looks like a takeover target !.
required field
- 14 Apr 2011 10:47
- 1649 of 5505
Bound to be upgraded broker notes coming out....how could they not stick a strong buy on this ?....
hlyeo98
- 27 Apr 2011 01:02
- 1650 of 5505
Gulf Keystone denies paying for clients to attend strip clubs
Gulf Keystone Petroleum has denied that it paid for clients to attend strip clubs after its chief executive gave evidence in a US court that adult entertainment was "reimbursable".
London-listed oil explorer Gulf Keystone is one of Aim's biggest companies. Shares in the London-listed oil explorer, which is one of Aim's biggest companies, fell 2pc to 161p on Tuesday, following reports that its chief executive, Todd Kozel, had seen $100m (61m) of shares frozen in a divorce battle.
Court papers related to the divorce also claim that Mr Kozel was a visitor to the Windmill and Bourse Restaurant strip clubs and lavished spending on his clients.
He was asked by his wife's lawyer: "What did you spend $7,711.67 on at the Bourse Restaurant?"
Mr Kozel replied: "That's a strip club where we entertain our customers and company members, which is reimbursable by the company."
When the lawyer, Jeff Fisher, asked about a number of credit card bills relating to entertainment, Mr Kozel replied: "You're arguing over a whole bunch of Gulf Keystone that's responsible for this, my friend."
Mr Kozel owns around 40pc of Gulf Keystone, and he also has major interests in private companies Texas Keystone, Falcon Drilling and Falcon Partners.
cynic
- 05 May 2011 14:30
- 1651 of 5505
GKP suddenly on a strong run against the trend ..... volume is over 5.25m, but i can't determine what average is
Balerboy
- 05 May 2011 14:40
- 1652 of 5505
Ave, just under 5mil at 4.8 according to msn money.,.
cynic
- 05 May 2011 14:41
- 1653 of 5505
thanks matey
Balerboy
- 05 May 2011 14:43
- 1654 of 5505
Aye aye captun.,.
Balerboy
- 05 May 2011 14:45
- 1655 of 5505
Wish we could say the same for AFR seems to be heading down hill.,.
Balerboy
- 05 May 2011 14:51
- 1656 of 5505
Got a note reminder saying Shaken 2 TD june so could be working it's way up slowly for then, I hope.,.
required field
- 05 May 2011 21:36
- 1657 of 5505
A rare riser.....I seem to be in too many things at the moment.....come on the markets...it's not all doom and gloom...Man U are in the final....!.
Balerboy
- 05 May 2011 23:16
- 1658 of 5505
"F" man U.,. lot of ballls if you ask me.,.
Balerboy
- 06 May 2011 08:33
- 1659 of 5505
By Ben Van Heuvelen of Iraq Oil Report
Published May 6, 2011
Iraqs central government has made its first-ever payments to oil companies operating in the semi-autonomous Kurdistan region.
The triggering of the oil payments mechanism signifies the commitment to resolve the outstanding issues between Erbil and Baghdad in accordance with Iraqs Constitution, said Barham Salih, prime minister of the Kurdistan Regional Government (KRG), in a press release Thursday.
Proselenes
- 09 May 2011 07:28
- 1660 of 5505
Wonder if they are now factoring in that the Kurdistan license issue might not be sorted for many more years ?
http://www.zerohedge.com/article/iraq-slashes-projected-crude-output-half-over-next-5-years
.
niceonecyril
- 09 May 2011 17:34
- 1661 of 5505
Iraq will not lower ambitious oil output target
Mon, 09/05/2011 - 15:40 | Fiona Bond
Oil-producing heavyweight Iraq said it has no plans to lower its 12 million barrel per day oil output capacity, following feverish speculation that it would look to slash the numbers.
Deputy prime minister for energy Hussain al Shahristani said the government had no intention to renegotiate its contracts with oil firms over their targets, according to Reuters.
Speculation had mounted that Iraq would seek to cut its target of 12 million barrels per day by 2017 to between 6.5 million and seven million barrels per day and renegotiate with international oil companies operating in the country to slash their own production targets.
However, Shahristani said the oil ministry remained contracted to produce that amount of oil per day, although final numbers would depend on the international market situation and demand dynamics.
"From an international energy industry perspective, few watchers, if any, seem to believe that Iraq could hit its overambitious target any time near 2017, with IHS Energy estimating that a six million b/d production capacity by about 2020 should still be regarded as a good achievement given Iraq's enormous logistical, project management and bureaucratic challenges," said IHS Global Insight's senior Middle East energy analyst Samuel Ciszuk.
The OPEC member is currently producing somewhere between 2.6 and 2.7 million barrels of crude per day.
Meanwhile, Shahristani was quoted as saying the oil ministry had reached a final draft contract on a proposed $12 billion Shell (RDSB)-led natural gas project.
The contract is believed to have been passed on to the cabinet for approval, after which it will be signed.
The South Gas project aims to capture associated gas from some of the main oilfields in Iraq's southernmost Basra governorate, initially starting with around 700 million cubic feet of natural gas flared there each day.
The deal was initially reached in 2008, Cizsuk said, although problems with how it was awarded and communicated to the Iraqi people led to it being dogged by heavy political opposition. Although headway was made, legal hurdles persisted around the complex deal given the lack of new oil law in Iraq and the old oil law's lack of modern regulation with regard to the gas arena.
"If the project is finally allowed to get underway, it would relatively quickly result in growth in Iraq's volumes of produced gas and allow the country's power generation reconstruction programme to take off. In fact, gas availability is likely to grow much faster than power reconstruction, raising the need for at least temporary exports," Cizsuk explained.
However, this could pose a politically contentious issue, as many Iraqis might find the news of gas exports when they are still suffering electricity shortages rather irksome. Hence, although the project might finally be close to moving forward, Cizsuk warns that a "renewed political backlash" against it can't be excluded.
Balerboy
- 10 May 2011 11:26
- 1662 of 5505
By Ali Abu Iraq of Iraq Oil Report
Published May 10, 2011
Hundreds of workers from Iraq's southern oil hub of Basra protested outside numerous facilities Monday, claiming Oil Ministry officials have ignored repeated concerns about the use of funds, equal pay, and the allocation of housing.
One of the biggest areas of contention is part of the realignment of the state-owned State Oil Company (SOC) as it works with foreign oil companies contracted to drastically boost production capacity.
niceonecyril
- 11 May 2011 08:54
- 1663 of 5505
A first cash advance to DNO of
USD 110 million has now been
confirmed by the Kurdistan
Regional Government and forms a
basis for increased activities by
DNO in Kurdistan going forward.
from dno presentation
http://hugin.info/36/R/1514379/450523.pdf
Balerboy
- 12 May 2011 09:44
- 1664 of 5505
Published May 12, 2011
Iraq signed a $13.3 million contract on Tuesday with the Canadian consulting firm SNC-Lavalin to help develop a pipeline network that will send exports through Syria, add export capacity to Turkey, and facilitate domestic refining and consumption.
Anticipating a massive increase in oil production, the Oil Ministry is looking to build out pipelines in several directions. Iraq has already announced plans to revamp its southern export infrastructure
niceonecyril
- 15 May 2011 09:11
- 1665 of 5505
This seems to be good news,but until the t's are crossed and i's dotted???
http://arabnews.com/economy/article388440.ece
niceonecyril
- 15 May 2011 09:45
- 1666 of 5505