Gulfsands Petroleum Share Discussion Threads

[slowracer] 22/12/2016 19:55

Can someone please start a new thread for sensible posters

[mr genel energy] 22/12/2016 19:31

THE SYRIA ASSETS ARE WORTH £250M

[mr genel energy] 22/12/2016 19:16

OBAMBA AND CAMERON BACKED THE WRONG SIDE.

[mr genel energy] 22/12/2016 19:15

who would you have ISIS or ASAAD???

[mr genel energy] 22/12/2016 19:14

we been backing the wrong side all along.
should have backed ASAAD.

[mr genel energy] 22/12/2016 19:14

GOOD POST WARRANTY.

you a holder here.

[mr genel energy] 22/12/2016 19:13

FINALLY FOUND THE EMAIL TO GET IN TOUCH WITH SINOCHEM.EMAIL SENT.


[e-mail]

[warranty] 22/12/2016 19:03

Just so you don't feel lonely mr G, I hope that with the Russians and Chinese ready to assist with the reconstruction of Syria under Assad, that when Donald Trump throws in his lot with them it will force our own useless cretins to accept they backed the wrong horse and Join in too. Failure to accept the outcome will damage any hope of trade with Syria in future and risk our companies, including GPX being frozen out. Much as they despise Assad, they surely have to accept that sanctions must be lifted in order to aid the devastated population and hopefully allow many of the displaced to return home.

[mr genel energy] 22/12/2016 18:49

RAQQA NEXT....

BREAKING NEWS

The Syrian army has retaken control of the besieged city of Aleppo, following the evacuation of the last group of civilians and rebels, a statement says.
A UN official said earlier that more than 34,000 people had been removed since last Thursday.
The evacuees have been taken to rebel-held territory in the countryside west of Aleppo and in Idlib province.
This is a major victory for President Bashar al-Assad, whose campaign was aided by Russian air strikes.

[mr genel energy] 22/12/2016 15:49

Small Private Investors ( i know theres quite a few here GKP had 35,000 and EEL a lot came out of the woodworks when it was suspended))


if you had 3000 shares bought at £2 your total investment would be £6000.


now if you took part in the open offer you would have been able to purchase another 9000 shares at 4p costing you £360.

so your total investment now is £6360 and you owe 12000 shares.

to get your investment back the share price will need to rise to 53p.

at 53p the company will have a market cap of around £250m.

is it possible..>>>could be they get their syria assets back...
i think waterfords want all their money back because they purchased at much higher prices.

[mr genel energy] 22/12/2016 15:39

at least when they raised £22m it was an open offer and not a placing.
so i got to give it to the management .


so it was 3 new shares for every 1 held.
not a bad deal.well done to the management because i thought they done a placing.

if they need more cash at 7p am ready.

[mr genel energy] 22/12/2016 15:21

sterling has admin expences of $2.3m and GPX has admin expences of $6m(that was end of dec 2015).

or $2m end of half year 2016.

[mr genel energy] 22/12/2016 15:15

Cash (zero debt) as at 30 September 2016 of $91.0 million.





STERLING HAS $90M CASH...

a cash and a share offer for GPX would make sense.

and also it has only 220m shares in issue.

so its either sinochem or sterling me thinks.

[mr genel energy] 22/12/2016 15:11

Waterford Finance & Investment Limited 65,384,217


they hold nearly 65m shares of sterling enery.

THIS IS ALL CONFUSING.

sterling energy have loads of cash.

[mr genel energy] 22/12/2016 15:09

cannot sterling energy bid for gulfsands.they have plenty of cash and waterfords also have a major stake their.

[mr genel energy] 22/12/2016 15:07

they do not have a website hmmmm

Kings House Haymarket, London SW1Y 4BP
Phone: [phone]

[mr genel energy] 22/12/2016 15:04

waterford was correct.

[mr genel energy] 22/12/2016 15:02

OLD NEWS BUT WORTH A READ.


Gulfsands Petroleum PLC's largest single shareholder Monday called for a strategic review into the company, and called for fellow shareholders to vote against the re-election of Chairman Andrew West at the company's annual general meeting.
"[Gulfsands Petroleum has failed] to appoint a new Chairman following Mr. Andrew West's announced intention, almost one year ago in July 2013, to resign from the board," Waterford Finance & Investment, which owns a 26.78% stake in Gulfsands Petroleum, said in a statement. "Only someone with a very high opinion of himself would [publicly] state his intention to resign and then offer himself for re-election," the shareholder added.
Gulfsands Petroleum was not immediately available for comment.
In a statement released after the market close Monday, Waterford said that Gulfsands Petroleum, an oil and gas exploration and production company with operations in the Middle East and North Africa, has "lost its direction" under the direction of a board which "has failed to deliver any value" to shareholders over the last two years. It also said the board and management have been overpaid over the last three years.
Waterford added that its other main over-riding concern is that the company will run out of cash in the near future, and will attempt to raise funds at a discount to its current share price in a move which, if successful, would dilute existing shareholders. In response to this concern, Waterford also proposed that shareholders should block resolutions that would give the current board the right to allot shares.
"The board has spent over USD100.0 million during the course of three years with no visible commercial success," Waterford said in a statement.
"[It has] failed to complete the disposal of US business. The value of the disposals to date do not reflect the purported values given in numerous management reports and presentations. [It has] failed to achieve exploration success in Tunisia, actually increased stakes in t

[mr genel energy] 22/12/2016 15:02

Waterford Finance & Investment Limited 184,271,626

so waterfords hold just over 184m shares...
interesting.
and there are 520m shares in issue.

[mr genel energy] 22/12/2016 14:57

NEED TO DO RESEARCH ON WATERFORDS.


bones698 - 12 Oct 2016 - 05:25:08 - 5012 of 5249 Gulfsands Pet. (GPX) - E&P Assets in USA,Colombia & MENA Region - GPX
Waterfords totally in charge and this is going to get further diluted until shareholders are left with next to nothing. All but game over. Deleted it from my list as it's not worth following anymore