Gulf Keystone Petroleum Share Discussion Threads

[atino] 27/4/2019 20:22

Hey China-man - Is this BlackRocks finking 💭💭💭

(Quote 25/4/19 🙇) “Bonds Are Back 👍...as Ballast for Risk Assets”, BlackRock's Thiel Says 🗣



Is this...why he partially likes you’s 🤔💭💭💭

BlackRock’s ETF...designed to offer price-efficient exposure to developed markets has outgrown its similar, more expensive fund for the first time, data compiled by Bloomberg show. The upstart -- the iShares Core MSCI EAFE ETF, known as IEFA -- now manages $63.6 billion after adding $522 million on Wednesday 👍

[chinese_takeaway] 27/4/2019 20:04

X(He decided he'd commit career suicide ,sack off a high flying investment banking career to work at a worthless e and p)Whilst awaiting the sale RNSHere's the fella who's run the sale auction process at GKP Mr. Gabriel Papineau-Legris is Commercial Director of the Company. He has over ten years of experience in the energy industry. Prior to his appointment at Gulf Keystone, Gabriel worked in private equity at Lime Rock Partners where he was involved in investigating and executing E&P and oilfield services investment opportunities internationally as well as monitoring portfolio companies. Prior to that, he worked in investment banking at Perella Weinberg Partners and Merrill Lynch, where he started his career, advising oil majors, E&P companies and governments on M&A and restructuring transactions, and capital market financing. Gabriel graduated from HEC Montréal (BBA) and EDHEC Business School (MSc). He is also a CFA charterholder.

[chinese_takeaway] 27/4/2019 20:02

https://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14What actually has happened to GKP?Gulf found a huge land based resource. Argue amongst yourselves how big , no matter its massive.Tactics were used to try and circumvent the company's grip on the asset.Directors musical chairs , share manipulation , false court claim, and ultimately the company was completely doomed as a hostile acquirer had gained almost enough stock to vote out the board, and vote through an asset sale of Shaikan to themselves,paying off guaranteed note holders , but leaving equity and convertible bond holders with nothing.The balance sheet restructure was the only way the company could survive.It had two main functions:1. Destroy the hostile holding to prevent Shaikan being stolen.2. Protect the company ( that meant putting over 50% of the shares into hands that were going to hold) whilst a true auction of the asset , and sale diligence studies , and contracts were completed.Those processes are complete ( see CNPC subsidiary studies ) and the company will announce sale very soon.GKP appointed Ashurst UK legal 500 tier 1 energy and oil m and a, specialists , in 2018 to handle the sale legals.Who the buyer is looks clear to be CNPC/CNOC/Sinopes one or all.Chinese government agents all.How much? Order of magnitude north of the market share price for sure.

[chinese_takeaway] 27/4/2019 19:49

(He decided he'd commit career suicide ,sack off a high flying investment banking career to work at a worthless e and p)Whilst awaiting the sale RNSHere's the fella who's run the sale auction process at GKP Mr. Gabriel Papineau-Legris is Commercial Director of the Company. He has over ten years of experience in the energy industry. Prior to his appointment at Gulf Keystone, Gabriel worked in private equity at Lime Rock Partners where he was involved in investigating and executing E&P and oilfield services investment opportunities internationally as well as monitoring portfolio companies. Prior to that, he worked in investment banking at Perella Weinberg Partners and Merrill Lynch, where he started his career, advising oil majors, E&P companies and governments on M&A and restructuring transactions, and capital market financing. Gabriel graduated from HEC Montréal (BBA) and EDHEC Business School (MSc). He is also a CFA charterholder.

[atino] 27/4/2019 19:47

Breaking news 🚨

Bitcoin drops 7 per cent on allegations of $850m fraud by Bitfinex by New York Attorney General 🤔

To those who don't know, Bitfinex, one of the world's largest crypto exchanges, has been accused of fraud by the New York Attorney General's office. They're alleging that "Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall." So, what the NYAG office is alleging, is that Bitfinex is essentially involved in a pyramid scheme behind the curtains. That is a POWERFUL allegation that is sure to put the breaks on the market, at least until there is a bit more clarity on the issue and whether or not investor funds are at risk with Bitfinex or potentially on other exchanges.

(Don’t really like crypto currency TBH), but this looks like a dead cert SHORT (...for any shorters out there). follow the news 😉👍

[chinese_takeaway] 27/4/2019 19:45

Whilst awaiting the sale RNSHere's the fella who's run the sale auction process at GKP Mr. Gabriel Papineau-Legris is Commercial Director of the Company. He has over ten years of experience in the energy industry. Prior to his appointment at Gulf Keystone, Gabriel worked in private equity at Lime Rock Partners where he was involved in investigating and executing E&P and oilfield services investment opportunities internationally as well as monitoring portfolio companies. Prior to that, he worked in investment banking at Perella Weinberg Partners and Merrill Lynch, where he started his career, advising oil majors, E&P companies and governments on M&A and restructuring transactions, and capital market financing. Gabriel graduated from HEC Montréal (BBA) and EDHEC Business School (MSc). He is also a CFA charterholder.

[atino] 27/4/2019 18:06

Hey 👋🏻 there China-man 😁

(It’s my studying weekend 😉🙇). And I was wondering...you wouldn’t happen to know...of any good charts out there...to dominate/or surf, do you ?

Getting quite bored of the Gasolin-A chart...(although it’s great for volatility)

...looking forward to the remittances clearing early next week 🤑

[chinese_takeaway] 27/4/2019 17:24

Just a mull :)https://twitter.com/Paul47293202/status/1122044078806401026?s=19

[atino] 27/4/2019 16:32

A real MONSTER below - if they can do it - GKP can also implement their staged production “phases”


(Quote) West Qurna-2 hits 400,000 bpd (...Around 65 km NW of the city of Basra)

Cumulative production at the West Qurna-2 field has reached 100 million tons of oil as part of successful implementation of Phase 1 of the project.

With 184 wells drilled at the field, the average daily production rate is 400,000 barrels.

Operator Lukoil said in a statement that, to manage the field’s production, it uses “the intelligent field concept which allows to control and adjust where necessary the production indicators in real-time.”

In 2018, the company started Phase 2 of the field’s development which envisages growth in daily production to 480,000 barrels in 2020 and to a plateau of 800,000 barrels per day in 2025.

hxxp://www.cursorinternational.com/category/iraq-oil-gas-news/

[atino] 27/4/2019 15:54

Chinaman - u were right about the Chinese 🇨🇳

(Snippet, Dec 2018) Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.

[chinese_takeaway] 27/4/2019 11:27

Just a mull :))https://twitter.com/Paul47293202/status/1122044078806401026?s=19

[atino] 27/4/2019 10:35

(Video) “...the new cabinet of the Kurdistan Regional Government will likely be formed next week 🤔 possible meetings between oil officials from Baghdad and Erbil 🤔 the 45th anniversary of the bombardment of Qaladiza, shortages of a critical hemophilia drug in the Region, and Kurdistan Journalism Day.

hxxp://www.nrttv.com/EN/News.aspx?id=12044&MapID=1

[atino] 27/4/2019 10:21

Interesting 🤔💭💭💭


(Quote) Gas Plus Khalakan (GPK) suspended operations at its Shewashan oil field in Iraqi Kurdistan last year and has now walked away from the field, MEES learns. The field, which shareholders claimed would produce 10,000 b/d by 2016 ( MEES, 25 March 2016 ), failed to even hit 4,000 b/d and was producing a mere 1,000 b/d last year before production was halted altogether. The main culprit was water-cut issues which also saw output phenomenally collapse at nearby Taq Taq ( MEES, 31 March 2017 ). Despite the disappointing news, the KRG’s recovering oil sector has cause for considerably optimism: MEES forecasts that total oil output from the region could exceed 500,000 b/d by the end of the year...

hxxps://www.mees.com/2019/4/26/news-in-brief/krg-shewashan-production-suspended/cc3b3fb0-6817-11e9-8db7-1f45bddede43

[chinese_takeaway] 27/4/2019 09:23

Just a mull :)https://twitter.com/Paul47293202/status/1122044078806401026?s=19

[pensioner2] 26/4/2019 20:50

One final thought. The Chinese are legendary in their approach to long term planning, famously illustrated by Chow en Lai's 1972 reply to the question of his opinion on the French Revolution, "it's too early to say". With something like 1.4bn mouths to feed, they are unlikely to leave energy planning to chance when there are "world-class assets" available to power them for a century or more.

[chinese_takeaway] 26/4/2019 20:19

I can't help the feeling that you're right here, C_T. The share price looks to have been crashed to let in some on mates rates and it might well have gone much lower without control of the book. But all that augurs well for your other assertion - that something big is imminent.I am right

[chinese_takeaway] 26/4/2019 20:17

I forgot , multi decade , productionLowest lift costs NestThe Divi policy defies all corporate 1st year student knowledge....38% of the equity belongs too?.....A buyback in some form is line 1 of first thing to do if your stock is hugely undervalued and you have far too much cash.....They are the most deleveraged indy e and p everThey are also the most undervalued on LSE (peels words)So something needs to change corporatelyA sale or significant capital structure changeOr both

[chinese_takeaway] 26/4/2019 20:16

This technical access unprecedentedWithout a contract in placeSold...Whilst thinking about that Chinese technical study, NOR, why do you think they would allow that without some reason/connection. And why would they not challenge its disclosure in the courts if they were unhappy for it to be published. My conclusion on this point is that there is some overriding reason why they do not want to fall out with the authors.You have a point re the PSC's and HCL but that might already be squared-off with nods and winks and that $10bn you mention. In the bigger picture, it's not good business to to put two fingers up to the second largest economy on the planet.

[pensioner2] 26/4/2019 20:01

Whilst thinking about that Chinese technical study, NOR, why do you think they would allow that without some reason/connection. And why would they not challenge its disclosure in the courts if they were unhappy for it to be published. My conclusion on this point is that there is some overriding reason why they do not want to fall out with the authors.
You have a point re the PSC's and HCL but that might already be squared-off with nods and winks and that $10bn you mention. In the bigger picture, it's not good business to to put two fingers up to the second largest economy on the planet.