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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
  +0.98p +25.13% 4.88p 4.70p 4.90p 5.20p 4.00p 4.65p 59,798,682 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 58.5 -91.1 -9.8 - 47.73

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Date Time Title Posts
30/7/201610:08THE NEW GKP / Drilling for Super Giants (moderated)507,955
30/7/201609:36Grotto 3 - Until Forked Lightning Gets Us Banned704
29/7/201621:05GKP takeover target158
29/7/201617:15GKP - On Balance - Moderated40,241
29/7/201612:18GKP - from hero to zero?33,686

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Gulf Keystone (GKP) Top Chat Posts

DateSubject
30/7/2016
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 3.90p.
Gulf Keystone Petroleum has a 4 week average price of 4.40p and a 12 week average price of 4.55p.
The 1 year high share price is 37p while the 1 year low share price is currently 2.50p.
There are currently 978,138,061 shares in issue and the average daily traded volume is 13,679,706 shares. The market capitalisation of Gulf Keystone Petroleum is £47,733,137.38.
29/7/2016
14:05
johnbuysgkp: From iii - "think DNO's offer is opportunistic... and they have to place it NOW if they want a chance to grab GKP for nothing. Why? Well, if they succeed they guarantee getting gkp for 1p a share. But what do we think is going to happen to the share price AFTER the restructuring? Most agree it will go down towards the price of 0.82... but most seem to agree that it probably won't go all the way. There may be some off-loading by BHs, though the clever ones will wait, and there are probably quite a few savvy BHs, with most knowing something about the oil business (or why get bonds in a Kurdish oiler in the first place?), and many appreciating that the business has potential (even CP!). Mirabaud - in their commentary on the offer - concur. So, there might be a downspike on resumption of trading, but where do people think the price will settle after a couple of weeks? A month? My own bet would be between 1.5-2.5p initially (with great scope to add in the coming months and years as POO recovers and production increases). If so, this is considerably more than DNO are offering, and significant buying on the open market by DNO (etc) would - of course - propel the price further. The DNO offer is clearly aimed directly at the BHs... it has gone over the heads of the company and the shareholders. They must hope that enough are desperate to try to force the issue now that they will attempt to get JF to put the offer to shareholders after the restructuring. But can they do this? Have DNO left matters too late? Will the BHs be able or willing to mobilise now for such a paltry offer? (And remember... the offer is not all cash, but offers DNO paper for GKP paper... so much of the problem still remains; indeed, I would argue that the GKP share price is liable to outperform DNOs after events... with a rise for GKP as uncertainty is removed and a drop for DNO, as often happens to asset buyers). DNO have now revealed a clear interest. Their offer smells of an initial one. I am sure they are willing to up it to reveal their generosity (350? 400?). What they may have done though is concentrate the minds of 'the other 17', some of whom must be aware of the potential, and will have access to the funds needed. What I hope is that Capital quickly tell JF 'no way' or the deal is off, and that there are sufficient BHs to see that they can probably do much much better than 1p - so undermining any attempt to try to force the issue. I hope JF tells DNO where to go. I think what is clear is that, though the current deal sucks for shareholders, I do think it is good FOR THE COMPANY, and that the company, given the chance, will thrive. JF - if he isn't disillusioned - would presumably want to lead the company to the promised land. I just hope the board don't cave. I think there are still opportunities for many of us to recoup some of our losses, but it requires the board to man up, and that is where my greatest concern lies. "
23/7/2016
22:28
nestoframpers: Apologies if already posted... From Wiseman on LSE – reposted Friday 15.32 Email sent to GKP with 25 key questions - and Anastasia's reply..... 1. From recent announcements it appears that $100m of debt was exchanged for an additional 5% stake in Shaikan given that the current balance sheet is weak and cash-flow is a problem can you please explain the rationale for this decision? 2. Given that 5% of Shaikan has cost GKP $100m does this imply the current intrinic valuation of the asset in excess of $2bn can you please explain the valuation model applied? 3. As the company is in a weak financial position can you explain the rationale for paying executive bonuses when the share price has dropped significantly, can these bonuses not be deferred until a time the company is in a stronger position? 4. From recent communications we understand that we are still currently in a closed period has been the case for a long time, has the company received any offers regardless of valuation and if so why have these not been communicated? 5. If no offers have been received why isn't the data room closed to allow directors to buy shares in the company to show confidence in the company you are running on behalf of all the shareholders and other stakeholders? 6. Can you please explain the reasons behind the changing PSC terms, whilst we recognise the MNR are in a difficult position given the current climate we do not understand why a) GKP cannot charge interest on back payments b) charge interest on late payments and c) the back payments cannot be offset against charges. Can you please explain this? 7. Can you please explain the reasons behind handing back the licence to Sheikh Adi given that significant investment from GKP has been used to develop a FDP and the costs relinqishing this licence? Could GKP not simply have “mothballed” the asset until a time when funding was available to develop further or did GKP have to hand the licence back due to request from MNR? 8. Are the minutes of the meeting to relinquish Sheikh Adi available so that shareholders can understand the rationale behind this decision 9. A lot of press has been made surrounding the appointment and specifically the salary of Mr Nadhim Zahawi our Chief Strategy Officer and the limited amount of time spent towards GKP related activities. Whist as shareholders we appreciate strategic appointments can clearly add value we are concerned that since Mr Zahawi appointment the company's share price performance has declined continuously with very little communication regarding the strategic direction of the company. 10. Given the forthcoming debt commitments in 2017 have always been there please explain why these were not addressed earlier i.e. why wasn't a rights issue proposed when the share price was in a stronger position. The decisions seem to have been quite short term is this because GKP was confident M&A activity taking place if so what was this offer and why was it not communicated? 11. It is not clear the actual back costs from MNR outstanding when trying to interpret from the investor presentation (page 11) i.e. are back costs currently $283m or less? 12. Now that there seems to be a loose “regular” payment scheme in place with MNR regarding back costs why are these not booked onto the balance sheet 13. Given the pressure the lack of payments have put onto GKP balance sheet have the GKP board considered for formal methods for recovering debt from the MNR e.g. arbitration which is specified in the PSC as the route for dispute resolution. 14. Given the “irregular” payments and lack of significant back costs payments have the GKP board explored the possibility of marketing and selling the oil we produce ourselves e.g. via SOMO 15. Can the BoD explain why in spite of assurances no action appears to have been taken to a) bring the TKI 5% out of trust and disclose who actually owns TKI b) improve IR and hold a Capital Markets Day 16. Looking at recent communications it looks like there is a liability for GKP to pay MNR $30m when specific production targets are reached, will these payments be offset against debt owed from MNR? 17. In view of the fact that the contractual payments have not been forthcoming from the KRG-MNR, and taking into account the effect this has had on the implementation of the 110Mbopd FDP, what demands/requests has the BoD made to have the PSC term extended, and by how much? 18. In view of the lack of transparency regarding the actual market price being achieved for the Shaikan crude proportion of Kurdistan Blend, what measures has the company taken to establish an independent valuation for Shaikan sour crude? Can we have full details of the assay undertaken? Why doesn't GKP disclose price achieved similar to other IoC in the region e.g. Genel and DNO? 19. Assuming a value disconnect between an independently-established value and the current price being paid to GKP for SH crude, what are the measures being discussed with the KRG-MNR to correct the value disconnect? Is there an agreed timescale for implementation of these measures? Can we have the elements laid out for proper discussion and evaluation. 20. Why does the $/bbl price Delta, relative to Brent, achieved/paid for SH crude exports appear to be widening at this time? Does this reflect an issue with the crude - or does it reflect other issues, and if so can these be explained? 21. What is the current API of the crude "coming up the pipe" from the Southern Kurdish fields (before adding the sour Northern crudes) and what is the current Kurdish Blend Export API after the Faysh Khabur station? 22. What is the current S% of the SH crude being exported? 23. Are the 2 current Amine Absorber Towers (PF1 and -2) working efficiently and at capacity? Is the total bopd output in any way being affected by the efficiency of these units? 24. Why is the current output guidance figure so low? Why is it not 40Mbopd or higher? 25. What technical/equipment changes exactly will be made to PF1 and -2 in order to raise the field output from the stabilized 40Mbopd to 55Mbopd? Anastasia's reply.... Dear Xxxxx Thank you for your email. As indicated in our RNS of 29 April (http://www.gulfkeystone.com/investor-centre/regulatory-news), the Company will provide a further update on the Stakeholder Discussions in due course. We would like to assure you that the Board and management team are focussed on achieving a solution that is in the best interests of all stakeholders. Best regards, Anastasia Anastasia Vvedenskaya Head of Investor Relations Gulf Keystone Petroleum Ltd. Main: +44 (0) 20 7514 1400 Direct: +44 (0) 20 7514 1411 Website: www.gulfkeystone.com Makes you think..... Deefor
21/7/2016
11:12
1waving: GKP share price held just under 5p going against substantial major buying for nearly a couple of hours ---- then a relatively small series of sells and the share price is whacked down hard. Classic market rigging !!! .
15/7/2016
11:37
avatar333: Further to 39766: coscos 15 Jul'16 - 11:35 - 503488 of 503490 0 0 chopper, how do you know what the GKP share price will be post restructure? Most on here are still perplexed as to why they are trading at 3p.
15/7/2016
11:35
coscos: chopper, how do you know what the GKP share price will be post restructure? Most on here are still perplexed as to why they are trading at 3p.
11/7/2016
11:05
oil_investor: zorsupas: why are they like the GKP share price? Answer: they go up tiddly up, they go down tiddly down.
08/7/2016
11:45
lardner23: This is it: "All FYI... below my GRH sign-off, is a direct copy/paste of PART OF an email I sent to Jon Ferrier (and then the following day to Andrew Simon) in May 2016 I did not receive a reply from either person For very obvious reasons to do with confidentiality and personal relationships, I have redacted some names for a public bulletin board ... but the names are very real, as was clearly evidenced to GKP I asked myself WHY it was ignored... of course, it might have been that anything emanating from any shareholder was being dismissed... I am pretty sure that GKP has received many approaches from equity holders and not all of those were welcome... so it might have been lost in the noise OR maybe they concluded that I was making it up but the news item indicated VERY strongly to the contrary OR maybe they had an overly optimistic view of their own abilities ie needed no outside help OR...maybe they had a deal OR...? anyway...below is it FWIW I do appreciate that that might not be worth much at all at this stage but I thought that you should know of the existence of my suggestion Regards GRH Open letter Mr Ferrier we met at the first shareholder lunch you kindly arranged...thank you for that As the Company is aware, I have held / controlled various equity holdings in GKP since 2009 I am a current shareholder I do not hold any Bonds Like many, I am extremely concerned by the current situation of the Company I am going to simply list below some of my concerns they are in no particular order ... but when you put them together you will appreciate my ire and intent FUNDING When you/I met, I offered to try to arrange an introduction (for funding purposes) for GKP (you and Sami) to current senior members of the Royal Family in XXX in order to illustrate that I have had some success in that area, I had previously sent to John Stafford of GKP a screen shot taken from XXX TV News some years ago... you will recognise King XXX ... and maybe the back of my then less grey head.... image attached anew my logic in suggesting such introduction being simply that GKP clearly needed (that was several months ago) a much more powerful funding and political ally... such that GKP’s funding could be resolved to mutual advantage and such that GKP’s ‘dynamic’; with regard to the KRG would be greatly changed ...for the better Despite my bringing such proposition to your attention I heard nothing from you I venture to suggest that, had GKP engaged with me on this at that time, the equity holders of GKP could have been in a much more healthy position than currently appears the case it appears that a debt/equity swap is now under negotiation with certain bond holders on the face of it, that is potentially not a bad thing but it comes down to PRICE... and even with haircuts on the bonds (such as to allow bond holders say a 25% uplift vs current bond prices ) the dilution of equity holders would be truly enormous... if at the currently depressed share price ...or close to it even allowing for an element of Rights issue, that would be unacceptable FURTHER ISSUES it was suggested to me some considerable time ago that there might be ‘issues’ with regard to the trucking of oil... following an introduction , I then spoke by phone with your Chairman Andrew Simon (who kindly called me from Zurich) to ask that ,in order to clarify matters, GKP then immediately commission a 3rd Party audit of that contract and the oil volumes /pricing thereunder despite a long conversation with Mr Simon, I am not aware that ANYTHING has been done in that regard please correct me if I am wrong were I to be correct...I would find that very concerning concerns may also exist with regard to the net backs GKP is receiving the actual volumes of oil that are being produced/exported/paid for the precise circumstances surrounding the handing back of the Sheik Adi licence you will readily understand that lack of audit level transparency has done nothing to assuage any such concerns"
17/6/2016
10:08
avatar333: willoicc 17 Jun'16 - 09:21 - 494138 of 494156 7 0 How many people here are genuine long term investors who want to see GKP share price recover to a much higher level? Please say 'AYE' if you are. All who said 'AYE' have a vested interest in all coming together to persuade the BOD to release meaningful information which will lay the foundation for that higher valuation - leaving aside for the moment our financial cliff edge tight rope walking. On that point, surely the more we can show that GKP is worth a very great deal more than the current market value, the more likely the bond holders are to give serious consideration to extending the term of their loans. They must surely see the same facts we see every day - no one is buying assets in Kurdistan, and Exxon operations have not been heard of for ages.
17/6/2016
09:21
willoicc: How many people here are genuine long term investors who want to see GKP share price recover to a much higher level? Please say 'AYE' if you are. All who said 'AYE' have a vested interest in all coming together to persuade the BOD to release meaningful information which will lay the foundation for that higher valuation - leaving aside for the moment our financial cliff edge tight rope walking. On that point, surely the more we can show that GKP is worth a very great deal more than the current market value, the more likely the bond holders are to give serious consideration to extending the term of their loans. They must surely see the same facts we see every day - no one is buying assets in Kurdistan, and Exxon operations have not been heard of for ages.
14/6/2016
20:33
s_murray: Hello chaps. Did I ever post this before, you know with the dementia setting in, its real hard to remember what I have posted in previous occasians. If only the HNW's had listened that paddy's were interesting. Here we go with the usual caveats at the end from our Sarah!!! PMSL It's a new day.... and I'm feeling good! Hello Action Group, it's been awhile! Just giving you an update after I attended the GKP AGM in Paris on Thursday as I know few investors were able to attend. Have you ever woken up in the morning, pulled back the curtains, the sun is shining, the sky is blue and the smell in the air is sweet? That's how i'm going to describe my AGM experience, albeit the chirping birds might come along and softly coat me with something unpleasant - that's the GKP share price and while that is largely unpleasant right now I couldn't help but smile on Thursday as that day had been a long time coming! A couple of us were sat in the bar on Wednesday night when along came Phil Dimmock and Jon Ferrier. After awhile Jon and Phil came and sat with us. What a breath of fresh air! On first impressions Jon isn't far from being a model CEO. He has had many years dealing with Ashti and knows him very well. Knows the business inside out, was the person responsible for moving Maersk in to Kurdistan so knows the area well and delivered his Syrian project on time and on budget despite very difficult circumstances. I asked Jon if he had any other commitments and he stressed that Gulf Keystone Petroleum will be his only priority, his full time job and I believed he takes it very seriously and is willing to give it his full commitment. Jon intends to spend 1 week out of every month in Erbil to maintain his relationship in Kurdistan and to keep up to date and in touch with the business. Not a yacht or a blackberry to be seen! He expressed empathy for some of the positions shareholders found themselves in and without question plans to overhaul Investor Relations as well as to provide opportunities for shareholders to meet with Company Directors and Officials so that they can feel confident in the way the company is progressing and to feedback any concerns of their own that they may have. The over-arching message that came across was that this man has a conscience and as such recognises his responsibility to and has a respect for his shareholders. On the other hand that doesn't make him a push over by any stretch of the imagination. Both him and Sami are very focused, very clear, very switched-on and very driven. The Dynamic Duo. They both set out their very clear vision for the future, - explaining that every barrel of oil sold so far in 2015 has been paid for - that they continue to negotiate with the KRG regarding the outstanding money owed - that expansion plans can only be considered when arrears are paid (or a clear plan is in place showing how they will be paid) - that while the company is up for sale, they will not accept just any offer - ALL the staff that I spoke to at the AGM stressed that the asset is very good, our problems stem from a lack of payment - that they intend to wrap up sales negotiations soon so that serious interest can either make a realistic bid or if not, that the company can focus their energies directly back in to the company. - a board aligned with shareholders - holding stock of their own It was accepted that it would not be in the KRG's interest to see us fail, they too want to see Shaikan and GKP do well. From general chatter, I picked up that our peers do class Shaikan as World Class and I think it was announced on the Wednesday that Kurdistan were going ahead with selling their own oil. All in all, despite the bird poo (the share price) I couldn't help but feel optimistic and relieved that we have the makings of a team that are aligned with us, shareholders and I think / hope that this could be the start of something special! So a big THANK YOU to team SAG, The picture that was painted on Wednesday and Thursday was the vision I had hoped for when SAG started and although it's taken a long time - they do say the best things are worth waiting for! ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- After the AGM a few shareholders asked about SAG and whether they could join. Initially I said it was pretty much dormant now but on reflection I think it would be a good idea to resume. I don't think any sort of action will need to be taken now if Jon drives his team forward with the vision he has set out, but it would cause no harm for shareholders to get together with a united front and be ready to act should a need ever in the future arise. The Institutional Investors have increased their holdings recently, they have a greater say and are well organised (but also conscientious) The bondholders are organised - look how they negotiated the BER issue But yet, the retail investors, GKP's largest group of investors are haphazard. Instead of being motivated to influence any kind of positive change they vent their frustrations or make fun at each other over a bulletin board. Some private investors have invested considerable sums of money in to this stock, this is not a way to behave. If they were over charged £10 at a shop they would speak to the shop owner, and if they got nowhere, they'd write a letter - but they'd sort it out. Here people are sat on losses of tens, if not hundreds of thousands and the best they can do is vent at another shareholder or get annoyed. Time to refocus that energy in my opinion, get your energy, like your money well spent. GKP SAG have proved they can be effective, decisive and efficient (getting our resoluntion in in the short space of time we had with the challenges that we faced in getting the paperwork together was a massive acheivement by all involved. It proved dedication and commitment.) So rather than waste our energies, I have set up a new group for EVERYONE to join who wants to - gkpshareholdergroup.boards.net - I hope to see as many of you over there as possible. It's a new dawn for GKP Let's make a new dawn for GKP's shareholders. All views my own, memory the same. Please don't take any of the above as investment advice.

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