Gulfsands Petroleum Share Discussion Threads

[shujja1] 20/3/2017 22:59

 The Group continues to value its investment in its Syrian interest at $102.0 million.


From 2015 accounts but since then we have derisked Syria and look above How much we owed as back payment also Syria at 102 million is only 30% of value you work it out mate it's worth big money

[patientcapital] 20/3/2017 22:38

So what sort of money are we talking about and when will it likely be accounted for in your view?

[shujja1] 20/3/2017 22:22

Go back 12 years you will see my posts every dip I been buying since 3p all the way to 12p

[shujja1] 20/3/2017 22:21

via production into tankers using gantry loading at the Khurbet East Production Facility. Furthermore DPC advised for the first time that this alternative export method had been in operation throughout 2014 and 2015, and that oil production during this period via this export method was an additional 3,138,739 bbls (2014: 1,984,390 bbls, and 2015: 1,154,349 bbls) .
Based on this new production information the Group has updated the previously reported total oil production for 2014 of 399,325 bbls of oil to 2,383,715 bbls of oil via both export methods. 2015 total oil production via both export methods is now updated to a total 1,421,283 bbls of oil. The Group has not recognised any revenue for this or indeed any production, post the imposition of EU sanctions, but has updated its remaining recoverable resource volumes for these fields based on this new production information.

Once sanctions lifted this is worth in pounds not pannys

[patientcapital] 20/3/2017 22:20

Why what's the script?

[shujja1] 20/3/2017 22:17

24p well done for selling I bought you're 200k and 40k over and above was waiting for some one to sell a big amount so I could buy am a buyer in this stock as I have faith and done years of research I been following Gpx for 12 years not just a trader I buy and hold as I now this will come good only a matter of time

[wantmorethan24p] 20/3/2017 21:12

TOO LATE MR K HAVE SOLD AND NOW FOLLOWING TOM CROSS EX DANA GUY WHO RUNS PARKMEAD.

[damien darhk] 20/3/2017 21:07

Hello Comedian

Hope you do not jinx our GPX.

Remember you came on my TRIN at 10.5p 6 weeks ago, and another great post of yours then boom 18p.

We do not need your running commentary for every buy.


comedy - 03 Feb 2017 - 12:15:28 - 102 of 1366 Trinity Exploration & Production PLC - TRIN
err think i'l leave it..a few concerns
comedy - 03 Feb 2017 - 12:05:13 - 99 of 1366 Trinity Exploration & Production PLC - TRIN
should i buy???

[damien darhk] 20/3/2017 21:04

There are 5-6 people who have been trading this share, regularly.

[damien darhk] 20/3/2017 21:04

comedy - 03 Feb 2017 - 12:15:28 - 102 of 1366 Trinity Exploration & Production PLC - TRIN
err think i'l leave it..a few concerns
comedy - 03 Feb 2017 - 12:05:13 - 99 of 1366 Trinity Exploration & Production PLC - TRIN
should i buy???

[damien darhk] 20/3/2017 21:04

comedy - 03 Feb 2017 - 12:15:28 - 102 of 1366 Trinity Exploration & Production PLC - TRIN
err think i'l leave it..a few concerns
comedy - 03 Feb 2017 - 12:05:13 - 99 of 1366 Trinity Exploration & Production PLC - TRIN
should i buy???

[mrkeysersoze] 20/3/2017 20:26

Wantmorethan24p

You asked what the back payments that GPX have on account are, see below text page 4.....

I have included a 5 year WTI crude chart for reference to gain a median price for GPX back costs.

Sanctions review is June 1st 2017

Mr K.





During 2015 the Group’s Syria Reserves were reclassified to Contingent Resources as a result of the continuing EU Sanctions in Syria. This process was subject to external audit and confirmation.
Since December 2011 Gulfsands has received from DPC updates on oil volumes produced from the Group’s Syrian fields under DPC’s operation. These updates have been received on an infrequent and irregular basis and it has not been possible for Gulfsands to verify the content of the information provided. The Group has been updating its remaining recoverable resource volumes for these fields on at least an annual basis based on the information that has been received from DPC.
In February 2016 the Group received information from DPC stating that a total volume of 266,934 bbls of oil had been produced from the Group’s fields during 2015 and exported by pipeline to the regional oil gathering station at Tal Addas, 22 km north east of the Group’s Production Concessions.
In addition at this time DPC reported, for the first time, that oil also had been lifted from the Group’s fields by an alternative oil export method, via production into tankers using gantry loading at the Khurbet East Production Facility. Furthermore DPC advised for the first time that this alternative export method had been in operation throughout 2014 and 2015, and that oil production during this period via this export method was an additional 3,138,739 bbls (2014: 1,984,390 bbls, and 2015: 1,154,349 bbls) .
Based on this new production information the Group has updated the previously reported total oil production for 2014 of 399,325 bbls of oil to 2,383,715 bbls of oil via both export methods. 2015 total oil production via both export methods is now updated to a total 1,421,283 bbls of oil. The Group has not recognised any revenue for this or indeed any production, post the imposition of EU sanctions, but has updated its remaining recoverable resource volumes for these fields based on this new production information.
The Group has evaluated that it holds within the Massive, Butmah and Kurrachine reservoirs of Khurbet East field, and the Yousefieh field, 2C Contingent Resources of 69.7 mmbbls of oil and condensate, and 33.4 bcf of gas (working interest basis).
The Group has also evaluated that the oil discovery at Al Khairat contains 2C Contingent Resources of 12.0 mmbbls of oil (working interest basis). These resources have been subject to external audit.

[760il] 20/3/2017 19:14

I want to see 13p per shs min, then I will re-appraise. GPX has never let me down.

[comedy] 20/3/2017 17:22

lol...said u should have bought back ;0)

[wantmorethan24p] 20/3/2017 16:57

when the peace talks falter again this will be back to 6p.

[shujja1] 20/3/2017 16:53

I got another 120k at 7.73 that's 240k today will start buying Tom again

[comedy] 20/3/2017 16:25

every buy ticking this higher:)

[comedy] 20/3/2017 16:23

lol looked at pmg..but looks like you have a seller there??? henderson? 5mil to go??plu the guys on the bb arent exactly happy with running of co??

[wantmorethan24p] 20/3/2017 16:09

lol comedy

[wantmorethan24p] 20/3/2017 16:08

parkmead is the name of the game.

[comedy] 20/3/2017 16:02

your already down £1k on your 200k sell

[comedy] 20/3/2017 15:52

u should buy your stock back now or you will be crying tomorrow

[comedy] 20/3/2017 15:49

just bought:0) cheers mate think going to kick off:)

[wantmorethan24p] 20/3/2017 15:47

looks like mr k and his gang have put in big buy orders...

naughty MR K..

HAVE SOLD DO I CARE.

[wantmorethan24p] 20/3/2017 15:44

this share reminds me of white nile...

just do research and read into that..

there will never be peace in syria imo...