|Mon 12:33||dalesman||Afternoon all
Having read the iii board (something I gave up doing on regular basis some time back) I was struck by the concerted and often vitriolic conditioning that is going on focussed on a low ball offer. I note that there are also new posters here who want you to believe that quote
"I feel the over emotional and delusional rampers here are in for a shock IF a bid offer is made "
and... read more...|
|26 Feb 2015||biggerthus||Coincidences ?
Nobody else find it amusing that, on the day itself (and especially the day after-today) that Gulf announces both discussions with multiple interested parties and a net receipt of $20m for oil sold forward (for export according to more than 1 poster saying that info’ is from GKP IR), suddenly the BBs here & there are swamped with cautious longs calling a firesale ?
There... read more...|
|26 Feb 2015||owdbuffer||Some questions and answers:
1. How many barrels did the majors find last year - less than 3 billion actually.
2. How much did they spend to find it - heaven knows, must be billions.
3. How many big fields are left on the planet - not many and extraction costs will be high.
4. Are the majors short of reserves - very.
5. Are oil companies valued on reserves, is it a critical number... read more...|
|28 Feb 2015||muddy_40||100 Billion bbls plus read more...|
|26 Feb 2015||nestoframpers||From NM LSE
The option of selling oil forward, as Gulf have done, was one of the several funding options I outlined to show that Gulf was not conceivably in danger of going into receivership for the sake of tuppence halfpenny.
A certain banker - whose name I gave to John Gerstenlauer early yesterday, as soon as I heard what was going on - has been lying about Gulf's finances. I see that as... read more...|
|27 Feb 2015||aink||It has been quite evident GKP has been a target for a while. Various inaccurate press releases, court case, forced-in incompetent board members, FT alpha ville etc etc. The list goes on and on. This has also been the target for hedge funds for a while, price movement in the last two days further seems to reconfirm that. The last announcement came out of the blue and took the shorters and... read more...|
|28 Feb 2015||owdbuffer||It's 2320 hrs and I really should go to bed but I have insomnia, don't sleep at all some nights, and its about this time that the neighbours always kick off, shouting and swearing and banging on the door. Really scary: I think they drink. The elderly shouldn't have to put up with this loutish behaviour.
Fortunately I find I can shut out their noise by practising on my drum kit. read more...|
|26 Feb 2015||dalesman||I agree Phillis - cash is king and I'm delighted that there is a ready local route to market for our oil.
The huge plus from yesterday was the cash injection.
At $25 / barrel it will only take around 20000 bopd to raise the $15m dollars per month that John G mentioned for capex and opex.
Since then austerity measures appear to have been put in place and capex and opex appears to have been... read more...|
|26 Feb 2015||eddie47||Any Major will be looking at the fracture porosity reports which we know exist. Are they then going to look at them and say OK we'll pay £1.50. Of course not because another will come along and look at it and offer a completely different number. To get Shaikan they will have to offer a proper price. The KRG are nation building, they are not sitting there like mugs saying "come on all you... read more...|
|26 Feb 2015||baxtea1||The rns is not badly worded, its obvious.
I guess They didnt feel the need to spend additional time making it retard proof. read more...|