Date | Subject | Author | Discuss |
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19/6/2020 09:43 | Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting. | chinese_takeover | |
19/6/2020 09:43 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:43 | Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting. | chinese_takeover | |
19/6/2020 09:43 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:42 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:42 | Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ? | chinese_takeover | |
19/6/2020 09:42 | BUMP BUMP BUMP
bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:42 | Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting. | chinese_takeover | |
19/6/2020 09:42 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:42 | Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ? | chinese_takeover | |
19/6/2020 09:42 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:42 | Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting. | chinese_takeover | |
19/6/2020 09:42 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:42 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ? | chinese_takeover | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | From LSE===============================================================================My more detailed comments on this morningâs RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has âsignificant untapped valueâ?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in todayâs RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morningâs RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has âsignificant untapped valueâ?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in todayâs RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morningâs RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has âsignificant untapped valueâ?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in todayâs RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morningâs RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has âsignificant untapped valueâ?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in todayâs RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMO | chinese_takeover | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ? | chinese_takeover | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |
19/6/2020 09:41 | Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting. | chinese_takeover | |
19/6/2020 09:41 | bang gone sold - NOPE NOT TODAY - NOT EVER - MANY LTIP PIGLETS STILL TO FEED 🐷 | the patriotic irishman | |