Gulf Keystone Petroleum Share Discussion Threads

[afkah] 29/1/2020 17:21

Johnbuy and Paul - the Lennon & McCartney of internet BB losers.

[urals] 29/1/2020 17:03

Cnpc favourites for sure Chinese, delivery address Doncheng, BeijingWhere the new CFO lives. As JF said "confident of delivering the Shaikan PROJECT" , delivery imminentlyCOD ,cash on delivery.So CNPC would use this approach to assess the price agreed to pay. I expect minimal amount 4bn = 14quid could easily be up to 5 times higher. Price per Flowing Barrel on ProjectsPrice per flowing barrel is also used by oil and gas companies to evaluate asset purchases and projects. In this case, the company valuation figures of market capitalization, debt and cash are replaced by the ACQUIRING COSTS for the asset or executing the project. So if a project is estimated to cost $12 billion and is expected to produce 180,000 barrels per day, then the price per flowing barrel for that project is $66,666. In the project context, the price per flowing barrel is often called the cost per flowing barrel to avoid confusion with the company level valuation.

[gkphero] 29/1/2020 15:52

I have red ticked everyone on here. Take that cutting wound, you fiends.

[afkah] 29/1/2020 15:35

Idea for a novel: a down on his luck man has just collapsed his decades old family business on account of his debilitating ineptitude. Not content with that, he incinerates any remaining family wealth and his pension funds in a dodgy oil company in war torn Iraq. With the share price sat at around 0.4% of its all time high, what does he do? Is there a road back to redemption for our demented hero? (See the above 2 posts).

[chinese_takeaway] 29/1/2020 15:24

As JF said "confident of delivering the Shaikan PROJECT" , delivery imminentlyCOD ,cash on delivery.So CNPC would use this approach to assess the price agreed to pay. I expect minimal amount 4bn = 14quid could easily be up to 5 times higher. Price per Flowing Barrel on ProjectsPrice per flowing barrel is also used by oil and gas companies to evaluate asset purchases and projects. In this case, the company valuation figures of market capitalization, debt and cash are replaced by the ACQUIRING COSTS for the asset or executing the project. So if a project is estimated to cost $12 billion and is expected to produce 180,000 barrels per day, then the price per flowing barrel for that project is $66,666. In the project context, the price per flowing barrel is often called the cost per flowing barrel to avoid confusion with the company level valuation.

[chinese_takeaway] 29/1/2020 15:24

Yes Urals , far more likely to be delivering friendly.Having said that every IOC on earth would like to own GKP , you never know.Not sure buyback = hostile takeover defense, in this situation, more delivering a friendly one, by concentration of existing holders, however here's some background :Buybacks may work as a takeover defense – or a means to raise the bidder's offer – by taking shares out of play, and because shareholders willing to tender in the repurchase are theoretically those with the lowest valuations of the shares, leaving the acquirer facing shareholders that place a higher value on the company, said Laurie Simon Hodrick, a professor at Columbia Business School who has studied the use of share repurchases as takeover defenses."The repurchase skews the distribution of remaining shareholders towards a more expensive pool," she said.Share repurchases have commonly been used to preempt takeover approaches in times of fevered M&A activity.Sears, for example, started buying back its stock in the late-1980s as a way to protect itself amid takeover rumors. At one point, buybacks were so common as a takeover defense that companies would explicitly state that they were not repurchasing shares to fend off acquirers, according to Hodrick.

[bigdog5] 29/1/2020 13:49

It was always the tales from the guru that the larger the fractures the easier to move the oil. However, as it turns out several years on, its obviously presented even more "issues". Which is evidenced by the fact that its been extremely difficult and time consuming to even get back to the once famous 40k a day. So not cheap easy and fast innit. But the BoD are no doubt very grateful for the support received from the hosts and shareholders which has enabled them to trough similar to the days of Kozel and his mates. I wonder if the leaving of a CFO could have finally been down to embarrassment? Just pondering like.

[bigdog5] 29/1/2020 13:43

Hey Paul, the game being played is "spot the sucker" and its you.

[afkah] 29/1/2020 13:42

What this could do with is a lengthy lecture on fracture matrix porosity from Monsignor Muppet. Has he really gone underground, just because he has become forever immortalised in print?

[sharesiq88] 29/1/2020 13:38

Out at £1.93 for a small loss. Good luck all. I'll be watching for a re-entry point.

[bigdog5] 29/1/2020 13:37

Hey Paul, obviously not sold so what's the problem now? 0ili0 28 Jan '20 - 21:55 - 598281 of 598292 0 11 0 "A company feeding a 750k pipe vs a few trolls. Makes it a very easy hold". LOL. Don't the Kurds want consolidation?

[bigdog5] 29/1/2020 13:17

So obviously not sold as Paul and his many keep advising.

[chinese_takeaway] 29/1/2020 11:51

Yes Urals , far more likely to be delivering friendly.Having said that every IOC on earth would like to own GKP , you never know.Not sure buyback = hostile takeover defense, in this situation, more delivering a friendly one, by concentration of existing holders, however here's some background :Buybacks may work as a takeover defense – or a means to raise the bidder's offer – by taking shares out of play, and because shareholders willing to tender in the repurchase are theoretically those with the lowest valuations of the shares, leaving the acquirer facing shareholders that place a higher value on the company, said Laurie Simon Hodrick, a professor at Columbia Business School who has studied the use of share repurchases as takeover defenses."The repurchase skews the distribution of remaining shareholders towards a more expensive pool," she said.Share repurchases have commonly been used to preempt takeover approaches in times of fevered M&A activity.Sears, for example, started buying back its stock in the late-1980s as a way to protect itself amid takeover rumors. At one point, buybacks were so common as a takeover defense that companies would explicitly state that they were not repurchasing shares to fend off acquirers, according to Hodrick.

[stockport loser] 29/1/2020 11:45

copy and paste? has H7 given you the link for investopedia?

[urals] 29/1/2020 11:08

Not sure buyback = hostile takeover defense, in this situation, more delivering a friendly one, by concentration of existing holders, however here's some background :Buybacks may work as a takeover defense – or a means to raise the bidder's offer – by taking shares out of play, and because shareholders willing to tender in the repurchase are theoretically those with the lowest valuations of the shares, leaving the acquirer facing shareholders that place a higher value on the company, said Laurie Simon Hodrick, a professor at Columbia Business School who has studied the use of share repurchases as takeover defenses."The repurchase skews the distribution of remaining shareholders towards a more expensive pool," she said.Share repurchases have commonly been used to preempt takeover approaches in times of fevered M&A activity.Sears, for example, started buying back its stock in the late-1980s as a way to protect itself amid takeover rumors. At one point, buybacks were so common as a takeover defense that companies would explicitly state that they were not repurchasing shares to fend off acquirers, according to Hodrick.

[stockport loser] 29/1/2020 09:21

i havent got live prices at moment, can anyone give me the current SP?

[beernut] 29/1/2020 08:56

“Bilateral ties must mean OIL “ Russia's Deputy Foreign Minister to Visit Erbil Today Basnews English 29/01/2020 - 10:43 Published in Kurdistan Russia's Deputy Foreign Minister to Visit Erbil Today Tagged under en Kurdistan Russia ERBIL — Russian Deputy Foreign Minister and Special Presidential Representative for the Middle East and Africa, Mikhail Bogdanov, is expected to visit Erbil today, 29 January. A source from Kurdistan Region’s Department of Foreign Affairs confirmed the report to BasNews. Bogdanov is expected to hold a series of meetings with top Kurdish officials for discussions around bilateral ties and regional developments.

[urals] 29/1/2020 08:40

China Makes A Move On OPEC's No.2By Simon Watkins Following a political backlash in Iran over details of its plans to make Iran effectively a client state through various multi-layered oil and gas deals, China has switched its attention â€" for the time being at least â€" to Iran’s equally oil and gas-rich neighbor, Iraq. China has the advantage in Iraq that the northern part of the country â€" the semi-autonomous region of Kurdistan â€" is already under the control of its increasingly close ally, Russia, with its corporate proxy Rosneft having secured control over Kurdistan’s oil and gas infrastructure in a deal in November 2017.

[urals] 29/1/2020 08:37

As JF said "confident of delivering the Shaikan PROJECT" , delivery imminentlyCOD ,cash on delivery.So CNPC would use this approach to assess the price agreed to pay. I expect minimal amount 4bn = 14quid could easily be up to 5 times higher. Price per Flowing Barrel on ProjectsPrice per flowing barrel is also used by oil and gas companies to evaluate asset purchases and projects. In this case, the company valuation figures of market capitalization, debt and cash are replaced by the ACQUIRING COSTS for the asset or executing the project. So if a project is estimated to cost $12 billion and is expected to produce 180,000 barrels per day, then the price per flowing barrel for that project is $66,666. In the project context, the price per flowing barrel is often called the cost per flowing barrel to avoid confusion with the company level valuation.

[beernut] 29/1/2020 06:51

Kurdistan Region aims to make itself a center of trade in Iraq, Middle East Hiwa Shilani Hiwa Shilani | 11 كات;ژم®2;ر لەم;ەو¦2;ێش Share share Kurdistan Region aims to make itself a center of trade in Iraq, Middle East Kurdistan Regional Government (KRG) spokesperson Jutyar Adil. (Photo: Kurdistan 24) Kurdistan KRG Economy investment Trade A+AA- ERBIL (Kurdistan 24) – The Kurdistan Regional Government’s (KRG) goal is to support private investment, to reform economic infrastructure, and to actively provide improved job opportunities, said government officials on Tuesday. Regional Prime Minister Masrour Barzani met with senior investors for the autonomous region of Iraq earlier that day, where he pledged that the KRG would support and facilitate the ongoing investment process and remove unnecessary administrative routines in all governmental institutions. Barzani also emphasized the importance to establish fundamental standards for local and international investment in all sectors, thus boosting the economy through a data-driven plan that also serves the needs of the populace while enriching investors. Kurdistan Region officials meet with senior investors, Jan. 28, 2020. (Photo: Kurdistan 24) During the meeting with investors, Barzani pointed out that Kurdistan Region is rich in both human and natural resources, stating that the KRG aims to turn Kurdistan into a “vital trade center in Iraq and the region. Afterward, KRG spokesperson Jutyar Adil told Kurdistan 24, “The meeting looked into several issues and one of them is to support private investment, as the KRG’s ninth cabinet since its formation has been looking to achieve two goals; one is rehabilitating economic infrastructure and the second is to provide more job opportunities to the youth.” Omid Sabah, the KRG's Diwan Chief, told Kurdistan 24 that the regional government, “is currently developing a master plan for investment which will include three crucial economic projects. These are cooperation between private and public sectors, amendment in the investment law, and a draft bill to boost and diversify local production.” Mala Yassen, one of the investors present, said, “The current initiatives the KRG is taking will allow the Kurdistan Region’s economy to go beyond just depending on oil as the sole source of revenue.” According to recent assessments conducted by the KRG’s Board of Investment, the Kurdistan Region can eventually provide up to 63 percent of its overall income solely from agriculture, industry, and tourism if they are properly developed and funded. Editing by John J. Catherine