Gulf Keystone Petroleum Share Discussion Threads

[rafthorney] 17/3/2016 09:31

“I don’t know how they’re going to meet those payments, frankly,” said Lionel Therond, head of oil and gas equity research at Standard Advisory London Ltd. “That’s the type of capitulation we’re waiting for in the industry for things to get back to a new normal.”

ffs pass the razor.

[asaiya] 17/3/2016 09:30

Hi zor sipas - we is having somethings in common. I love this techno music two. I love Detroit sound like Derrick May.

Do you no YMO's song technopolis? i think you will like very much, is very nize.

Xoşbext bî

[zorsupas] 17/3/2016 09:28

A-Always. B-Be. C-Closing. Always be closing. ALWAYS BE CLOSING.

IMFao!

[hectorscrackhouse] 17/3/2016 09:28

Grassy Knoll Theory?

I heard that GKP will be despatched into the next world by Colonel Mustard wielding the harami three star strap-on peniform candlestick in the Data Room.

[zorsupas] 17/3/2016 09:27

Nice Exxon find, NoR.

Kurdistan will eventually be populated by such.

[asaiya] 17/3/2016 09:25

Interested parties, PLEASE, don't forget the share price. It's important at this juncture that we don't forget, zor sipas is not a guru and is moving goaly posts everyday.

Xoşbext bî

[mr roper] 17/3/2016 09:24

“I don’t know how they’re going to meet those payments, frankly,”

/////////////////////////////////////////////////////////////

Gulf Keystone Tumbles to Seven-Year Low as Future in Doubt

by
Angelina Rascouet

Luca Casiraghi
t LCasiraghi


March 17, 2016 — 9:32 AM CET

mE-mail


Gulf Keystone Petroleum Ltd. fell to a seven-year low in London trading after saying its future depends on obtaining new funds and restructuring the balance sheet as bond repayments loom.

The shares sank as much as 21 percent to 9.5 pence, the lowest intraday price since March 27, 2009, and were at 10.5 pence as of 8:23 a.m. local time. The slump extends the stock’s 12-month decline to 72 percent.

“The group faces material uncertainties relating to its ability to meet the significant coupon payments in April and October 2016,” the London-based company said Thursday in a statement. It also faces debt repayments of $250 million in April 2017 and $325 million in October 2017.




Gulf Keystone, which operates in the Kurdish region of northern Iraq, has had to contend with a collapse in oil prices of more than 60 percent since mid-2014 as well as irregular export payments from the Kurdistan Regional Government. A year ago the company announced a strategic review as it sought partners or a buyer. Efforts to find a buyer have so far failed, it said Thursday.

“Given the current sector dynamics (low and volatile oil prices and geopolitical issues in the region), a transaction is unlikely in the near term,” the company said.

Restructuring Options

Bondholders including GLG Partners Inc., Sothic Capital Management LLP and Taconic Capital Advisors LP are working with Houlihan Lokey Inc. on Gulf Keystone’s debt restructuring options, people familiar with the matter said last month.

The company’s $325 million convertible bonds due October 2017 are indicated at 15 cents on the dollar, while the $250 million notes due April 2017 are at 46 cents, close to record low levels, according to data compiled by Bloomberg.




“I don’t know how they’re going to meet those payments, frankly,” said Lionel Therond, head of oil and gas equity research at Standard Advisory London Ltd. “That’s the type of capitulation we’re waiting for in the industry for things to get back to a new normal.”

[oilman63] 17/3/2016 09:22

Sheep Shagger

He who throws the first stone 😄 🔪To🔫

[nestoframpers] 17/3/2016 09:21

OM was threatening Notout ( where is he ?) and Notout was cheeky back as OM saw it Dafydd.

[zorsupas] 17/3/2016 09:20

AttyG: "As many have already pointed out, it will become clear this calendar year - and probably before June - whether or not GKP will survive. It is in the hands of the KRG."

Exactly... except that the KRG are not in control. The KRG are bust and cap-in-hand to the IMF. The KRG WILL do as it is told.

Every single thing that happens in Iraq now will have been ordered by what crazy people call the Illuminati.

[mr roper] 17/3/2016 09:19

jb. they can bend a lot more. 575m of debt to be dealt with...

[nestoframpers] 17/3/2016 09:19

Guess your right who'd want to be a MP and take all that flack Zor , Techno's will be well paid for taking the heat I suppose.Since I can't see another soln I hope it happens quick.

[stucom] 17/3/2016 09:19

John,you and 1712 added on the drop?
x15? Aint gonna happen. March and into +250% all cashed ta very much like....must get up,sun's out.after faaar too much ale/scoff yesterday I feel a tad fragile...cappu anyone? ☕👍

[dafydd123] 17/3/2016 09:18

Clown shoes Tony?

In a few months time, with a bit of luck, you might be able to buy a car where the doors keep falling off.

Why not get a telephone that squirts water into your ear, each time you want to phone someone's boss because they've been rude to you on a bulletin board?

[nestoframpers] 17/3/2016 09:17

That's like saying your one pick throw away from the biggest nugget you'll ever see JB . GKP is lean and mean now , I expect the Sp to rise soon .What we will get sold for is a pointless guess as that it's going to happen for quite some time now.

[zorsupas] 17/3/2016 09:16

Interested parties, PLEASE, forget the share price. It's not important at this juncture. Unless you're buying.

[sharesiq88] 17/3/2016 09:15

That is an excellent suggestion, Hector.

The marketing department will love it.

Soon, we will be taking note of where we were when gkp takes the head shot from the grassy knoll.

[zorsupas] 17/3/2016 09:13

Nor, above all, assume that the motive is bent.

[sharesiq88] 17/3/2016 09:13

As always, this page is ahead of the curve.

J0ck ewing tipping Paul Daniels untimely demise way back in January.

[gkphero] 17/3/2016 09:12

Mr Roper, equity holders can't bend over anymore ffs.

We are 10p away from GKP being worth........wait for it............nothing at all.

Well done all involved here.

[zorsupas] 17/3/2016 09:11

stucom, the caveat is this: If you can get 15x your money in 9 months somewhere else, go for it.

[oilman63] 17/3/2016 09:11

Sheep Shagger you sound sore.

I don't need a new pair of shoes, just got some 😄👍