Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 07/2/2017 12:29

Bondholders lent on assurances that a payment mechanism was guaranteed and back owings.

Who broke that word ?

[fake taxi] 07/2/2017 12:10

JB

I agree with tess, this is a hot potatoe. Many companies refinance debt, but they have prospects, get it? At some point the end of the road is reached as it would be if you kept remortgaging your house. This has survived on dilution, there is no growth prospects. I have always said this is not a sustainable business. Its a piece of paper, the PSC, which is loaded one way.

[tess_tickle] 07/2/2017 12:06

We don't say technical, we say testickle.

[gkphero] 07/2/2017 12:06

Fake, according to tess, the city didn't want the equity here.

If that actually was the case, I am sure an alternative could have been found.

[bobobobobobob] 07/2/2017 12:04

It is quite sweet when posters such as Tess try to talk technical.

[fake taxi] 07/2/2017 12:00

Really ?????



GKPhero7 Feb '17 - 11:47 - 533591 of 533593 0 0


But Jon could have refinanced the debt if he had wanted too.

[tess_tickle] 07/2/2017 11:57

It was equity or whistle.

70% recoupage means that capital can be loaned again to recoup.

Jon couldn't refinance, that would have altered the covenants of the bonds.

[tess_tickle] 07/2/2017 11:42

Building societies don't want to own buildings.

They only want the interest from lending the money.

GKP Towers was repossessed rather than let the debtor get off for free.

Stuck with property they don't want now, trying to recoup losses.....to the auction with you. $400M would be a good result.

[gkphero] 07/2/2017 11:33

Yes indeed and the daft city now own this company.......lol.

Todd saw those halfwits coming.

[tess_tickle] 07/2/2017 11:14

Shaikan oil is like the bubble in a spirit level.

Draw out the oil bubble and water moves up from the flanks.

[gkphero] 07/2/2017 11:10

Bob Marley

[nestoframpers] 07/2/2017 11:04

Seems people are too thick to get the water up the flanks theory Bob ( which ERCE rolled out across the whole field ! talk about been cautious ), I might do a kiddies picture for them later ;o)

[tess_tickle] 07/2/2017 10:56

When a core is cut there is clearance between the sample and barrel wall.

If the sample is fractured the voids will close up and the water will drain because of the clearance.

Shaikan: World Class USD Colander, seeping to surface.

[phillis] 07/2/2017 10:47

What relevance has all this to the demand for shares?

[oil_investor] 07/2/2017 10:25

Eh?

Shaikan has a top seal in the Jurassic!

If there is water in a well it shows on the logs!

If there is water filling the fractures of a core inside a core barrel, that water will be visible when examined!

[terry hardacre] 07/2/2017 10:22

Oh dear oh dear oh dear.

It's lists to the FCA now is it. You might as well write a letter to Santa.

[tess_tickle] 07/2/2017 10:20

Oil in the matrix core samples.
You can't core water from the fractures.
Fractures break formation seals, causing oil to ooze out at surface.

[oil_investor] 07/2/2017 10:16

Now "nicebut" claims that Shaikan-6 was "probably the thing that decimated the share price".

But there isn't any evidence to support that!

Indeed GKP said in one of the subsequently concealed videos (about which the Financial Conduct Authority *is* aware) that 70% of the difference between the DGA Oil In Place figure and the (conservative) ERC Equipoise equivalent was the isotherm adjustment for the Cretaceous oil. Nothing whatsoever to do with the Jurassic. And there was also the (conservative) 0.4% "adopted" Fracture Porosity effect, which isn't easy to disentangle because DGA didn't give Matrix and Fracture OIP numbers anyway. So the hypothetical (ERC Equipoise only ever said it was that) dual OWC effect wasn't the main reason why the OIP number changed, though "nicebut" thinks it was.

In any case, the share price was not "decimated" at all when the CPR was released.

So it is an incorrect causal explanation for an event which never actually occurred.

[nicebut] 07/2/2017 10:04

Well OK, next time you can add it to your list then, can`t you? Seeing as how it was probably the thing that decimated the share price

[wantmorethan24p] 07/2/2017 10:00

bought some today..

paid 1.3p lol

[bobobobobobob] 07/2/2017 10:00

Can somebody decipher Oilman's desperate rant and tell me if he thinks I am this Bob character that he is always dancing to the tune of?Like a puppet on a string.