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Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum LSE:GKP London Ordinary Share BMG4209G1087 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -4.95% 4.80p 4.75p 5.10p 5.20p 4.60p 5.05p 3,190,057 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 58.5 -91.1 -9.8 - 46.95

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Date Time Title Posts
03/5/201622:55GKP - The Last Days4,505
03/5/201622:50THE NEW GKP / Drilling for Super Giants (moderated)484,127
03/5/201622:49Grotto 3 - Until Forked Lightning Gets Us Banned60
03/5/201616:38GKP - On Balance - Moderated38,488
03/5/201613:39Who do you think you are kidding Mr Watson?15,733

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Gulf Keystone (GKP) Top Chat Posts

DateSubject
03/5/2016
09:20
Gulf Keystone Daily Update: Gulf Keystone Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone was 5.05p.
Gulf Keystone Petroleum has a 4 week average price of 5.62p and a 12 week average price of 9.98p.
The 1 year high share price is 40.75p while the 1 year low share price is currently 3.52p.
There are currently 978,138,061 shares in issue and the average daily traded volume is 6,230,160 shares. The market capitalisation of Gulf Keystone Petroleum is £46,950,626.93.
03/5/2016
03:53
surfer2: Oilman63 Am I reading this correctly ? the poster above Dafydd123 , alledges that you tried to disprove John Gerstenlauers Bad cement job explanation for the water in Shaikan 6 at an AGM in other words you tried to make a case to the GKP Geologist for the presence of water which would dramatically reduce the Oil water contact level And co-incidentally , we subsequently ended up with an ultra conservatiive ERC Equipoise CPR which inflicted huge damage on the share price WHY WOULD YOU DO THAT ? ARE YOU REALLY A PRIVATE INVESTOR HERE ? WHAT PRICE DID YOU BUY SHARES AND HOW MANY ? Your Profile shows you joined Oct 2011 - when GKP price was circa 130p , a few weeks before the rise to 450p area. People here say you are a Geologist or have a friend who is a Geologist ( Im not sure which ? ) . Why did you only arrive here 2 1/2 years into the GKP Drilling Campaign ? Why.. with Geological connections I would have thought you would be here discussing such matters in detail a few weeks or months after GKP struck such a large find ? Any reason you just took notice 2 1/2 years into the story of what was the most discussed Company on ADVFN ? Or perhaps you posted here under a different Username ? If that's the case - ok - but then WHY do you have such an Issue with an other user here using multiple Usernames ? And if You did post under another username here prior to Oilman63 , then care to tell us what it was ? You have also previously stated here that you were one of the people who wanted T Kozel removed and helped arrange that. Is that Correct ?
29/4/2016
10:53
zorsupas: The GKP share price isn't going to rise on anything that isn't a budget share for oil agreement. Not even a perfect scenario restructuring. There could be a budget share agreement. Then a material share price rise. Then an "ISIS" defeat. Then a Kirkuk dispute. Then a civil war. Wait and watch.
12/4/2016
10:35
zorsupas: lifeson: "zorsupas, if the possibility exists that SOMO could consider the current GKP PSC illegal, would the Market not also be aware of that possibility and why then would they re-rate the GKP share price to at least 170p by year end on an IMF imposed Budget Share Agreement?" Yes, everything's possible. That's what makes this so much fun! I don't think SOMO would start by declaring the contracts illegal (although it could later on), and I don't think the market will think of that possibility on its own, especially if there's a material rise upon the announcement. I make the point, because I think there will be a risky period called "the rest of this year". Don't stay in looking for 457p.
12/4/2016
10:26
lifeson: zorsupas, if the possibility exists that SOMO could consider the current GKP PSC illegal, would the Market not also be aware of that possibility and why then would they re-rate the GKP share price to at least 170p by year end on an IMF imposed Budget Share Agreement?
10/4/2016
11:22
zorsupas: joseki: ""The rest of your tosh is disinteresting" Disinteresting isn't a word. If you are disinterested you have no stake in an outcome. You have no dog in the fight. Like you, for example, with respect to GKP share price movements. As such, the rest of my tosh couldn't be described as "disinteresting." The rest of my tosh couldn't cause you to have no stake in an outcome. You meant the rest of my tosh is UNinteresting. You don't have much of a vocabulary, do you? A clear sign of low intelligence.
25/3/2016
10:38
zengas: Bondholders have GKPI as security. Currently 978m shares in issue and $52m going down the drain annually in interest payments as dead money ($200m for 4 years - that's a lot of money that could be ploughed directly into the asset). Already close to default with April interest payment due. For bondholders - if KRG pay up more cash, it keeps GKP alive a while longer, Bondholders get their interest but still could take control come October or finally come total repayment date. B/holders could do a deal hence want more of the company and as much as possible to convert ie lowest possible share price. Currently 6.5p. In this scenario bondholders could own 80% ie - to wipe out $575m/£400m in bonds at 10p = 4 billion shares + 978m in issue = (5 billion shares in total likely consolidated) and a m/cap of basically £500m/$700m at a share price of 10p - so imo limited if any upside at current oil price which is too heavily discounted and dire state of the KRG politically and economically and overall world oil prices - This is what depresses the value of GKPs actual reserves and why imo there is no corporate deal they say on the table to buy into the asset or acquire the company. Even after any restructuring at 10p that's £500m and i wouldn't expect much growth under current oil prices/conditions and this is why it's not even a tempting investment. In all honesty with $50m interest debt every year and at these low and heavily discounted oil prices, pumping twice as much oil won't resolve the problem. The interest mill stone around their neck has to go and the company simply has to be restructured and why the share price is as low as it currently is. Bondholders in reality will be mindful of the situation with the KRG, oil prices etc continuing as is for maybe another 1-2 years - but that's what they will read as worse case and budget for in doing any deal - but will they do a deal ?. Do they ultimately give a toss about 20% shareholder baggage if a deal happened now ? See Afren, PCI etc. They know the KRG could possibly pull something out of the hat to stop GKP going into default and thus the bondholders just sit it out until the bonds must be redeemed earning their interest in the meantime. With the need to spend money just to maintain existing production, it's not an attractive situation for $52m of wasted yearly cash paying the interest - so has to stop and is the only way to free up cash to invest in the assets and eventually lift production. The bondholders could ulimtately take control on any default and at a stroke would be another 20% better off by not having any shareholders. The bond debt is £400m/$575m - Surely this is better for the bondholders than a company valued at £500m at 10p with 20% shareholders in tow which they can sell in better times. You have to see it from their perspective and if you were in their situation would you want to carry someone else just for the sake of it. The assets will still be staffed, will still produce as normal. Outstanding debt won't come into it unless the KRG dig deep and pay up relatively soon. Footnotes - On 8 April 2015, In addition, the Company agreed to the following terms: (i) retaining the Company's Debt Service Reserve Account at one year of scheduled interest payments for the guaranteed notes (instead of stepping down to six months of interest payments in October 2015); (ii) granting a security interest in favour of the holders of the guaranteed notes and the convertible bonds over the shares of Gulf Keystone Petroleum International Limited which holds all of the Group's Kurdistan assets; and (iii) reducing certain of the Company's grace periods under the guaranteed notes Trust Deed for certain events of default and including additional notifications to the guaranteed notes Trustee; and (iv) beginning a dialogue with a committee of holders of the guaranteed notes if and when the Company's cash balance drops below US$50 million (including amounts in the Debt Service Reserve Account) for a period of five consecutive business days.
23/3/2016
00:10
oliver666: GKP share price. high and low What about Bowleven over same 5years What about XEL over 5 years What about Rockhopper over 5 years All had input from renowned geologist and all fell back.. Difference each of them was not involved in multiple block shenanigans, and none in Kuridstan, but all went through same highs as GKP. How many divorce cases were in them as shares got dumped, the divorce case is not the reason for share price fall back it goes back directly to KRG MNR and the movement of XOM in and what they assumed they were getting with Cheveron and found they were not getting everything ... GKP board failed at every leavel with no excuses. When operating in a region of a country where no jurisdiction to contract is in place, no paymenst, no oil gas law, familys of ill repute, the company as to have real leaders, and nobody with half a brain cell would have walked away from Algeria and it still costing GKP and cost $4 million last year... Why is it no one attahes this issue to existing ones, it was Hawrmi at BG, A Samarri at BG in Algeria and GKP exited and who did the CPR and helped GKP onto AIMS. That person who did the CPR for the aims listing is still the frenkinstien in GKP side
21/3/2016
16:37
surfer2: re. Canacord there was someone on iii who posted something about a Canacord employee a few years ago. claiming the guy had stated he had a plan B to smash the GKP share price . this was not long after the court case announcement. Why would someone post something so specific ? does anyone remember it ?
18/3/2016
11:41
walloon3: I find that this is good music to watch the GKP share price implode to: https://www.youtube.com/watch?v=I2qYyjtlPBg
01/3/2016
23:42
mydearwatson: cut: you keep jumping about from one thing to another! What valuation did The Minotaur put on Shaikan? You surely know the answer to that. But let's put that to one side for now. Let's also put to one side that I suggested that Jeremy Asher be appointed to a position at Gulf in which his oil trading experience might be applied for the benefit of the company. But I will address what John Gerstenlauer said to Lord Justice Christopher Clarke. Indeed, I have referred to it on the blogs on more than one occasion, and I do know what he said because I was there. I was quite frankly somewhat puzzled at the time by what JG said that day. It needs to be considered carefully. Simon Picken QC asked JG why the share price went up, and then went down again. Without checking my notes, JG said that it was because of speculation on the Internet. He said that there was nothing "going on". Your account of what he said is not really accurate; the Mark Leftly article on 18 December 2011 was certainly not what either share price or JG were addressing. If you sit back calmly and you study the situation in detail, you will find that the GKP share price was declining in H1 2011. There was a trend reversal about two weeks before the major 25 August 2011 "sold out" presentation by Ewen Ainsworth in the large Crystal Room at the May Fair Hotel. The moving averages turned at that point, at a level of c. 160p. There were a couple of other presentations at Proactive Investors, the "Interfax" interview, the John Stafford comments etc. and by the time of the Mark Leftly article the price had risen to about 190p. Because his article was published on a Sunday, a denial by some unnamed person at Gulf that day (who called it "stupid" as I recall) and an RNS issued the following day stating that there was no offer (Leftly hadn't said there was, of course) and the price pulled back. It then rose again after Christmas and into the New Year...the famous "peak" was a transient thing with little volume, shareholders could never have sold many shares at the peak or even close to it, because the price would have immediately collapsed under the selling pressure. In my personal opinion, the "realistic" increased price level was maybe 300p to 350p, something like that. I've had access to the Standard and Poors international database so I know who was selling shares around that time; unless you also have access to that data you do risk having a very incomplete picture. Anyway...Gulf were going to China in March 2012, together with a small army of advisers. Leftly had heralded that in his 18.12.11 article. They came back, and the Exit Awards were rushed through. Leftly had by then published his February 2011 article, which was very bullish. And JG had presented very positively in New York. Simon Picken QC and Alex Panayides (for Excalibur) had learned of the coming Trip to China from Harry Matovu QC (for Gulf) and perhaps unsurprisingly they were able to secure funding for Excalibur for the Trial. Did Alex Panayides think that a takeover was going to occur? The answer to that can perhaps be found in the Coffee Bar Dossier of December 2012, which most certainly exists. No deal was done, and the GKP price gradually eased back. I complained at the time to Gulf, via Strand Hanson their Nomad, about the company's silence while the share price was declining. By the time of Lord Justice Christopher Clarke's damning Judgement (with no appeal) on 13 December 2013, the share price was about 230p, something like that. It's not as if the price went up from (say) 10p to 200p based on what e.g. Mark Leftly said! The percentage movements were not at all large by Stock Market standards, in my personal opinion. The really significant drop has been since then, but heavy drops are common throughout the sector. In percentage terms, Genel has dropped about the same amount as Gulf. I am not saying that there are no "unexplained things". Of course there are. But with respect, I don't see how you will find the answers on here.

Gulf Keystone (GKP) Latest Trade

Gulf Keystone Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
UT 14,808 4.80 03 May 2016 16:35:28 GBX
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