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GKP Gulf Keystone Petroleum Ltd

145.60
3.00 (2.10%)
31 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  3.00 2.10% 145.60 269,451 12:35:06
Bid Price Offer Price High Price Low Price Open Price
145.00 145.60 145.60 142.40 142.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 123.51M USD -11.5M USD -0.0516 -36.05 317.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:35:06 UT 56,145 145.60 GBX

Gulf Keystone Petroleum (GKP) Latest News

Gulf Keystone Petroleum (GKP) Discussions and Chat

Gulf Keystone Petroleum (GKP) Most Recent Trades

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Gulf Keystone Petroleum (GKP) Top Chat Posts

Top Posts
Posted at 29/12/2024 10:34 by diamondandpearls
I know Banging on bangs on about sold before Xmas and all that BS.
His next prediction will be sold before Easter. We all know that's coming next from our resident clown.
Back to reality now. Gkp isn't sold and won't be if the HCL ever gets passed. Which in my humble opinion will never happen now. Especially what's gone on recently with the oil ministers.
They must be so angry that their court case got blown away.
So they will only try to suppress anything moving forward more than ever now.
So it's a wait till September and collect a few Dividends on the way.
Personally I think it's the right to go. And has always been.
Maybe gkp will be sold in a few years but that can only happen with gkp at 100kbopd and prove up reserves to 2b+ barrels.
Then you will see a nice number on the sale price. Plus they will need to extend their production time on the field for another 20+ years to get full value.
Enjoy the journey everyone and stay healthy to enjoy your riches hopefully 🙏
Posted at 17/12/2024 18:25 by mmt1
ss: It think your right... last lot was @ that price...



Date of purchase:17 October 2024
Aggregate number of Shares purchased:16,595
Lowest price paid per Share (pence per Share):124.50 pence
Highest price paid per Share (pence per Share):125.00 pence
Volume weighted average price paid per Share (pence per Share):124.75 pence
Posted at 17/12/2024 07:24 by diamondandpearls
An oilmans dream and an investors nightmare!!
By the way as you know so much about GKP being sold every month since you started posting. Who is buying gkp and for how much?? You're a parasite on this forum with multi aliases.
Please go away so we can read constructive post's now because we all known gkp isn't sold to anyone.
Maybe in 3 to 5 years but not next month or the month after that.
Posted at 16/12/2024 10:05 by habshan
Trying to revoke the contract or beat GKP down on the commercial terms to which GKP are legally entitled would not be a good idea.

GKP - Legal advisers - HERBERT SMITH FREEHILLS.



"Herbert Smith Freehills (HSF) is arguably the most prestigious UK-headquartered law firm outside the Magic Circle. Its elite litigation and arbitration practice — which includes an in-house advocacy unit staffed by a host of KCs — is one of the best dispute resolution departments on the planet."



"Herbert Smith Freehills has long been regarded as one of London’s leading litigation firms – and ferocious litigators at that."
Posted at 15/12/2024 15:54 by redbed
Takeover Target: GKP has been regarded as a potential takeover target for some time, particularly due to its significant oil reserves in the Shaikan Field in the Kurdistan Region of Iraq. The size of the discovery, with estimates of resources potentially reaching between 18 to 20 billion barrels, has made it an attractive asset for larger oil companies looking to expand their portfolios.Shareholder Expectations: Shareholders and investors have expressed optimism about a takeover. Some believe that GKP is already sold, with the announcement pending, although this remains speculative. Discussions around stock buyback programs indicate a strategy to stabilize share prices, possibly in anticipation of an acquisition.Market Activity: Recent posts on social media platforms like X suggest that there's an expectation of increased buying activity from GKP or associated financial institutions, indicating that a deal might be closer than publicly acknowledged. However, these are based on user interpretations and not official statements.
Posted at 15/12/2024 12:51 by hsflegal
Takeover Target: GKP has been regarded as a potential takeover target for some time, particularly due to its significant oil reserves in the Shaikan Field in the Kurdistan Region of Iraq. The size of the discovery, with estimates of resources potentially reaching between 18 to 20 billion barrels, has made it an attractive asset for larger oil companies looking to expand their portfolios.

Shareholder Expectations: Shareholders and investors have expressed optimism about a takeover. Some believe that GKP is already sold, with the announcement pending, although this remains speculative. Discussions around stock buyback programs indicate a strategy to stabilize share prices, possibly in anticipation of an acquisition.

Market Activity: Recent posts on social media platforms like X suggest that there's an expectation of increased buying activity from GKP or associated financial institutions, indicating that a deal might be closer than publicly acknowledged. However, these are based on user interpretations and not official statements.
Posted at 13/12/2024 06:16 by bang_gone
I can't remember whether it was 4/5 years ago but they had an AGM resolution passed that gave the Board the power to acquire shares on any basis or terms they saw fit without further resolution, so its possible gkp #gkptakeover @PeelHunt + Cannacord MAY have actually on book since Oct 8 When finished they pass a large block trade thru to @Gulf_Keystone ??May explain no daily buy RNS which could have made share price leap as retail followed suit , making it very expensive Let?s see.
Posted at 12/12/2024 19:16 by redbed
#gkp #gkptakeover @PeelHunt + Cannacord MAY have actually on book since Oct 8 When finished they pass a large block trade thru to @Gulf_Keystone ??May explain no daily buy RNS which could have made share price leap as retail followed suit , making it very expensive Let's see.
Posted at 09/12/2024 09:19 by bobgray51
GKP goes up, GKP goes down, GKP will go up again. The politics is still a mess, but I think we are considerably closer to a solution than where we were 12 months ago. Despite the delay there is continued news flow that they are trying to reach a solution. Add this to the fact that there has definitely been a demystification recently from both KRG and ICG of the fact that the IOCs have genuine legal financial entitlements... ie they aren't about to unilaterally alter the contracts to suit their agenda, and I'm happy to continue to wait. No debt. Healthy dividends. Continued demand for oil.
Posted at 06/12/2024 21:15 by habshan
Capital Markets Day March 2019:-

Sami Zouari - "For a premium listing for the Kurdish players there is a roadblock with respect to the legal framework and Baghdad versus Kurdistan. You talk to the Regulator and they say "mmmmm it's not quite clear yet with respect to those contracts. At the end of the day Baghdad is the Sovereign Capital, we don't have a problem with that, you're a good company but let's wait for this to be fixed." It's a bit like GKP or our peers not being eligible yet for direct lending and debt, so even though those companies are very profitable there is always a hurdle with respect to the perfected legal framework. We have no issues with that but from a compliance or regulatory standpoint these are the types of hurdles that we have to deal with."

Right from the start the refusal of successive governments in Baghdad through obstinacy stupidity and sheer malice to acknowledge the constitutional right of the Kurds to sign their own contracts and hence acknowledge their legitimacy has caused enormous problems not only for GKP and the other IOCs but for the KRG to manage their own oil sector, as Sami said it was even the reason the IOCs had difficulties in accessing funding to progress their operations.

Now that the Prime Minister of Iraq has acknowledged that the contracts are legal and were legal all along then that closes the legal framework that Sami refers to.

"The courts have ruled the existing contracts with IOC's are formal contracts and can't be revoked (despite previous threats of this by Iraq)"

It's taken all these years for them to acknowledge what was staring them in the face which is that the contracts are legal and it's because of them that GKP wasn't producing 100kbpd 10 years ago.

The harm done to the IOCs and their investors simply due to the bullying tactics of people like Nouri al-Maliki is absolutely enormous and under the investment treaties that Iraq has signed up to the potential compensation claims in the arbitral court could be mind boggling.

Bring it on.
Gulf Keystone Petroleum share price data is direct from the London Stock Exchange

Gulf Keystone Petroleum Frequently Asked Questions (FAQ)

What is the current Gulf Keystone Petroleum share price?
The current share price of Gulf Keystone Petroleum is 145.60p
How many Gulf Keystone Petroleum shares are in issue?
Gulf Keystone Petroleum has 222,698,655 shares in issue
What is the market cap of Gulf Keystone Petroleum?
The market capitalisation of Gulf Keystone Petroleum is GBP 317.57M
What is the 1 year trading range for Gulf Keystone Petroleum share price?
Gulf Keystone Petroleum has traded in the range of 89.00p to 155.60p during the past year
What is the PE ratio of Gulf Keystone Petroleum?
The price to earnings ratio of Gulf Keystone Petroleum is -36.05
What is the cash to sales ratio of Gulf Keystone Petroleum?
The cash to sales ratio of Gulf Keystone Petroleum is 3.35
What is the reporting currency for Gulf Keystone Petroleum?
Gulf Keystone Petroleum reports financial results in USD
What is the latest annual turnover for Gulf Keystone Petroleum?
The latest annual turnover of Gulf Keystone Petroleum is USD 123.51M
What is the latest annual profit for Gulf Keystone Petroleum?
The latest annual profit of Gulf Keystone Petroleum is USD -11.5M
What is the registered address of Gulf Keystone Petroleum?
The registered address for Gulf Keystone Petroleum is CEDAR HOUSE, 3RD FLOOR, 41 CEDAR AVENUE, HAMILTON, HM12
What is the Gulf Keystone Petroleum website address?
The website address for Gulf Keystone Petroleum is www.gulfkeystone.com
Which industry sector does Gulf Keystone Petroleum operate in?
Gulf Keystone Petroleum operates in the OIL AND GAS FIELD EXPL SVCS sector

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