Gulf Keystone Share Chat (GKP)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Gulf Keystone Petroleum	LSE:GKP	London	Ordinary Share	BMG4209G2077	COM SHS USD1.00 (DI)

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-3.00p	-3.22%	90.25p	90.25p	91.50p	93.50p	90.25p	93.50p	103,607	15:12:56

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	157.4	-14.0	-25.0	-	207.06

Gulf Keystone Share Discussion Threads

Showing 626351 to 626371 of 626375 messages

Chat Pages: 25055 25054 25053 25052 25051 25050 25049 25048 25047 25046 25045 25044 Older

Date	Subject	Author	Discuss
18/8/2017 15:40	This one's so thick that their feigned ignorance actually temporarily elevates their intelligence level. Can someone see if this confused patient still prefers to have 0.91 pence over 4p? ;) roverite12 18 Aug '17 - 14:30 - 545427 of 545437 3 1 I'm a little confused as to your post below ...but who is this Bob ? --------	jozeki	Read Full Thread Reply
18/8/2017 15:31	😝😝😝😝8541; 😝😝😝😝 💲💲💲💲8178; Buy As much as you can Then buy more I am permanently in GKP until it's inevitable trade sale Which is imminent - this year - thats why we have a vcp Value creation plan Rather than a LTIP - long term incentive plan 😎Whilst waiting I keep buying Sinopec approach NO DENIAL from both company spokesmen....... May attract other bidders?????of course 😎😎😎😎 So an Auction in private began last year for the NEW net debt free gkp sat on a SUPERGIANT!!! N #Reserves volumes Reserves are a measurable value of a company's worth and a basic measure of its life span. In 2010, majors each had more than 6 billion boe (Bboe) reserves while most independents held less than 200 million boe (MMboe). Independents with more than 200 million boe (MMboe) proved reserves are classified as large-cap companies. 👀👀👀👀8064;👀Ԁ64; 200million 👀👀👀??????Gkp has 360m proved reserves........,Very very conservatively Large cap (sometimes "big cap") refers to a company with a market capitalization value of more than $10 billion. Large cap is a shortened version of the term "large market capitalization." Market capitalization is calculated by multiplying the number of a company's shares outstanding by its stock price per share 360m rather bigger than 200m 😂😂😂😂So double figure billions 😎😎😎😎8176;💰ԁ76;💰 Heard that expression before???All the best Ferrier: "we really do appreciate your loyalty...(😂)..look forward to bringing you more good news,this year" And of course sale will be completed "this year" as the VCP dictates. Buy !!!!!As much as you can. notout111: with $140.3 million cash-at-bank and a further $36 million due on the regular formula for the past three months' production, that represents $176.3 million cash. Current account expenses for those past three months will already have been paid by GKP, so that represents a very strong financial position. The debt figure of $100 million (at 10% interest) could now be cleared and GKP would then have no debt and some $75 million in the bank and rising. But the $100 million bonds effectively cover capital expenditure to that level at just 10% interest. The "Bridge to 55,000 bopd" capex investment (GKP element of the cost, the MNR and MOL having to pay their shares) is well below that according to GKP's figures, and such capex is in any case recoverable from Shaikan production going forward under the existing PSC Cost Recovery Terms. The free cash from future monthly production should cover that capex programme, even if it were to be accelerated from the snail's pace 15 to 18 months timescale quoted by Jon Ferrier. So the likelihood is that GKP will continue to have a very strong cash-at-bank position. In addition to the existing cash, sums are due to GKP for (a) the exercise by the MNR of the Shaikan Third-Party Back-in Rights and (b) Cost Recovery of the capital sums invested by GKP in the existing wells, Production Facility 1 and Production Facility 2. Those sums run into hundreds of millions of dollars. A stronger oil price would support the speedier receipt of that money. It is important IMO to note that (a) ERC Equipoise said that the current Shaikan Jurassic wells could produce very much more than they were, but their output was being restricted by export constraints and (b) GKP "continues to be strongly encouraged by the stable performance of the Shaikan Field during 2017" as was stated in RNS yesterday. We are now in August and so for eight months the production has been stable, contradicting some rather odd comments made on here by certain persons and also demonstrating that gassing-out has not occurred. Perhaps the latter has reduced the need to quickly commence the "Bridge to 55,000 bopd" work? With stable performance, urgent work to install ESPs (which never made much sense to me in a gassing-out context, because lowering the producing interval is surely the operational solution for that type of reservoir issue) apparently no longer remains a priority. Whether the "Bridge to 55,000 bopd" option is optimal in any case is unclear: if GKP were to be sold, a purchaser would surely want to do things their own way, and that might not be the same way that GKP would do it, because trouser pockets and purses differ in size. Embarking upon such work when performance is stable depends IMO upon M&A issues. In the hypothetical scenario of GKP being sold (and the Exit Awards were specifically extended from 13 July 2017 to 31 December 2017) the purchaser would be due to receive the monies mentioned above. That is rather like buying a used camera and finding diamonds hidden inside it. But a purchaser could potentially renegotiate the Shaikan PSC Terms with the MNR, for example so that outstanding sums were traded for an increased revenue per barrel figure going forward. The PSC is not Holy Scripture and can potentially be changed if that were to suit both parties (and MOL). We also have the Feeder Pipeline development. The 36-inch diameter run from Shaikan to the Main Export Pipeline is now in operation and the public domain photographs of the site within Shaikan, where the 12-inch run from Atrush changes to the 36-inch run, show substantial works. Jon Ferrier told Mees Magazine that connecting Shaikan to the pipeline was his #1 priority for 2017 and there is a public domain statement (not from GKP) about building a Blending Plant at that location, in order to inject the Shaikan oil. Jon Ferrier said at the December 2016 AGM in Dublin that a Mixing Plant, rather than a Blending Plant, would be the operational solution. A Mixing Plant is much simpler than a Blending Plant, which involves modulating the flow rate, and a Mixing Plant is not expensive. But again we come to the M&A issue of whether a potential purchaser might want to do that work themselves etc. Perhaps the key task at present is establishing the real - rather than the assumed - characteristics of the Shaikan Jurassic reservoir? We have already seen the previous aquifer-drive model replaced by a totally different gas-drive model. We have a dual-porosity reservoir with oil and gas coming out of the matrix, rather than just oil from the Fracture System. We have seen a major change in the Shaikan Jurassic development programme, with (a) gravity drainage replacing aquifer-driven lift, and (b) substantial relocation of the planned future producing wells. And as was pointed out last night on the bulletin boards, the CPR was in any case somewhat anomalous because it claimed that there was no water below the central part of Shaikan anyway. On one line of thinking, establishing what Shaikan really contains, and how it can best be developed to suit the objectives of the MNR and the operator (be that ultimately GKP or someone else) would appear to be the priority.	notout111	Read Full Thread Reply
18/8/2017 15:26	overseeing builders at the moment... Too much enforced time on my hands, plenty of time to do nothing but listen to the thumps, in the house and on the boards! J	broadford bay	Read Full Thread Reply
18/8/2017 15:17	💋💋💋 Buy As much as you can Then buy more I am permanently in GKP until it's inevitable trade sale Which is imminent - this year - thats why we have a vcp Value creation plan Rather than a LTIP - long term incentive plan 😎Whilst waiting I keep buying Sinopec approach NO DENIAL from both company spokesmen....... May attract other bidders?????of course 😎😎😎😎 So an Auction in private began last year for the NEW net debt free gkp sat on a SUPERGIANT!!! N #Reserves volumes Reserves are a measurable value of a company's worth and a basic measure of its life span. In 2010, majors each had more than 6 billion boe (Bboe) reserves while most independents held less than 200 million boe (MMboe). Independents with more than 200 million boe (MMboe) proved reserves are classified as large-cap companies. 👀👀👀👀8064;👀Ԁ64; 200million 👀👀👀??????Gkp has 360m proved reserves........,Very very conservatively Large cap (sometimes "big cap") refers to a company with a market capitalization value of more than $10 billion. Large cap is a shortened version of the term "large market capitalization." Market capitalization is calculated by multiplying the number of a company's shares outstanding by its stock price per share 360m rather bigger than 200m 😂😂😂😂So double figure billions 😎😎😎😎8176;💰ԁ76;💰 Heard that expression before???All the best Ferrier: "we really do appreciate your loyalty...(😂)..look forward to bringing you more good news,this year" And of course sale will be completed "this year" as the VCP dictates. Buy !!!!!As much as you can. notout111: with $140.3 million cash-at-bank and a further $36 million due on the regular formula for the past three months' production, that represents $176.3 million cash. Current account expenses for those past three months will already have been paid by GKP, so that represents a very strong financial position. The debt figure of $100 million (at 10% interest) could now be cleared and GKP would then have no debt and some $75 million in the bank and rising. But the $100 million bonds effectively cover capital expenditure to that level at just 10% interest. The "Bridge to 55,000 bopd" capex investment (GKP element of the cost, the MNR and MOL having to pay their shares) is well below that according to GKP's figures, and such capex is in any case recoverable from Shaikan production going forward under the existing PSC Cost Recovery Terms. The free cash from future monthly production should cover that capex programme, even if it were to be accelerated from the snail's pace 15 to 18 months timescale quoted by Jon Ferrier. So the likelihood is that GKP will continue to have a very strong cash-at-bank position. In addition to the existing cash, sums are due to GKP for (a) the exercise by the MNR of the Shaikan Third-Party Back-in Rights and (b) Cost Recovery of the capital sums invested by GKP in the existing wells, Production Facility 1 and Production Facility 2. Those sums run into hundreds of millions of dollars. A stronger oil price would support the speedier receipt of that money. It is important IMO to note that (a) ERC Equipoise said that the current Shaikan Jurassic wells could produce very much more than they were, but their output was being restricted by export constraints and (b) GKP "continues to be strongly encouraged by the stable performance of the Shaikan Field during 2017" as was stated in RNS yesterday. We are now in August and so for eight months the production has been stable, contradicting some rather odd comments made on here by certain persons and also demonstrating that gassing-out has not occurred. Perhaps the latter has reduced the need to quickly commence the "Bridge to 55,000 bopd" work? With stable performance, urgent work to install ESPs (which never made much sense to me in a gassing-out context, because lowering the producing interval is surely the operational solution for that type of reservoir issue) apparently no longer remains a priority. Whether the "Bridge to 55,000 bopd" option is optimal in any case is unclear: if GKP were to be sold, a purchaser would surely want to do things their own way, and that might not be the same way that GKP would do it, because trouser pockets and purses differ in size. Embarking upon such work when performance is stable depends IMO upon M&A issues. In the hypothetical scenario of GKP being sold (and the Exit Awards were specifically extended from 13 July 2017 to 31 December 2017) the purchaser would be due to receive the monies mentioned above. That is rather like buying a used camera and finding diamonds hidden inside it. But a purchaser could potentially renegotiate the Shaikan PSC Terms with the MNR, for example so that outstanding sums were traded for an increased revenue per barrel figure going forward. The PSC is not Holy Scripture and can potentially be changed if that were to suit both parties (and MOL). We also have the Feeder Pipeline development. The 36-inch diameter run from Shaikan to the Main Export Pipeline is now in operation and the public domain photographs of the site within Shaikan, where the 12-inch run from Atrush changes to the 36-inch run, show substantial works. Jon Ferrier told Mees Magazine that connecting Shaikan to the pipeline was his #1 priority for 2017 and there is a public domain statement (not from GKP) about building a Blending Plant at that location, in order to inject the Shaikan oil. Jon Ferrier said at the December 2016 AGM in Dublin that a Mixing Plant, rather than a Blending Plant, would be the operational solution. A Mixing Plant is much simpler than a Blending Plant, which involves modulating the flow rate, and a Mixing Plant is not expensive. But again we come to the M&A issue of whether a potential purchaser might want to do that work themselves etc. Perhaps the key task at present is establishing the real - rather than the assumed - characteristics of the Shaikan Jurassic reservoir? We have already seen the previous aquifer-drive model replaced by a totally different gas-drive model. We have a dual-porosity reservoir with oil and gas coming out of the matrix, rather than just oil from the Fracture System. We have seen a major change in the Shaikan Jurassic development programme, with (a) gravity drainage replacing aquifer-driven lift, and (b) substantial relocation of the planned future producing wells. And as was pointed out last night on the bulletin boards, the CPR was in any case somewhat anomalous because it claimed that there was no water below the central part of Shaikan anyway. On one line of thinking, establishing what Shaikan really contains, and how it can best be developed to suit the objectives of the MNR and the operator (be that ultimately GKP or someone else) would appear to be the priority.	notout111	Read Full Thread Reply
18/8/2017 15:09	Jamie Have a day off mate.	oilman63	Read Full Thread Reply
18/8/2017 15:09	ITV is a huge buy. I called it.	gkphero	Read Full Thread Reply
18/8/2017 15:05	Buy As much as you can 😝😝😝😝 Buy Then buy more I am permanently in GKP until it's inevitable trade sale Which is imminent - this year - thats why we have a vcp Value creation plan Rather than a LTIP - long term incentive plan 😎Whilst waiting I keep buying Sinopec approach NO DENIAL from both company spokesmen....... May attract other bidders?????of course 😎😎😎😎 So an Auction in private began last year for the NEW net debt free gkp sat on a SUPERGIANT!!! N #Reserves volumes Reserves are a measurable value of a company's worth and a basic measure of its life span. In 2010, majors each had more than 6 billion boe (Bboe) reserves while most independents held less than 200 million boe (MMboe). Independents with more than 200 million boe (MMboe) proved reserves are classified as large-cap companies. 👀👀👀👀8064;👀Ԁ64; 200million 👀👀👀??????Gkp has 360m proved reserves........,Very very conservatively Large cap (sometimes "big cap") refers to a company with a market capitalization value of more than $10 billion. Large cap is a shortened version of the term "large market capitalization." Market capitalization is calculated by multiplying the number of a company's shares outstanding by its stock price per share 360m rather bigger than 200m 😂😂😂😂So double figure billions 😎😎😎😎8176;💰ԁ76;💰 Heard that expression before???All the best Ferrier: "we really do appreciate your loyalty...(😂)..look forward to bringing you more good news,this year" And of course sale will be completed "this year" as the VCP dictates. Buy !!!!!As much as you can. notout111: with $140.3 million cash-at-bank and a further $36 million due on the regular formula for the past three months' production, that represents $176.3 million cash. Current account expenses for those past three months will already have been paid by GKP, so that represents a very strong financial position. The debt figure of $100 million (at 10% interest) could now be cleared and GKP would then have no debt and some $75 million in the bank and rising. But the $100 million bonds effectively cover capital expenditure to that level at just 10% interest. The "Bridge to 55,000 bopd" capex investment (GKP element of the cost, the MNR and MOL having to pay their shares) is well below that according to GKP's figures, and such capex is in any case recoverable from Shaikan production going forward under the existing PSC Cost Recovery Terms. The free cash from future monthly production should cover that capex programme, even if it were to be accelerated from the snail's pace 15 to 18 months timescale quoted by Jon Ferrier. So the likelihood is that GKP will continue to have a very strong cash-at-bank position. In addition to the existing cash, sums are due to GKP for (a) the exercise by the MNR of the Shaikan Third-Party Back-in Rights and (b) Cost Recovery of the capital sums invested by GKP in the existing wells, Production Facility 1 and Production Facility 2. Those sums run into hundreds of millions of dollars. A stronger oil price would support the speedier receipt of that money. It is important IMO to note that (a) ERC Equipoise said that the current Shaikan Jurassic wells could produce very much more than they were, but their output was being restricted by export constraints and (b) GKP "continues to be strongly encouraged by the stable performance of the Shaikan Field during 2017" as was stated in RNS yesterday. We are now in August and so for eight months the production has been stable, contradicting some rather odd comments made on here by certain persons and also demonstrating that gassing-out has not occurred. Perhaps the latter has reduced the need to quickly commence the "Bridge to 55,000 bopd" work? With stable performance, urgent work to install ESPs (which never made much sense to me in a gassing-out context, because lowering the producing interval is surely the operational solution for that type of reservoir issue) apparently no longer remains a priority. Whether the "Bridge to 55,000 bopd" option is optimal in any case is unclear: if GKP were to be sold, a purchaser would surely want to do things their own way, and that might not be the same way that GKP would do it, because trouser pockets and purses differ in size. Embarking upon such work when performance is stable depends IMO upon M&A issues. In the hypothetical scenario of GKP being sold (and the Exit Awards were specifically extended from 13 July 2017 to 31 December 2017) the purchaser would be due to receive the monies mentioned above. That is rather like buying a used camera and finding diamonds hidden inside it. But a purchaser could potentially renegotiate the Shaikan PSC Terms with the MNR, for example so that outstanding sums were traded for an increased revenue per barrel figure going forward. The PSC is not Holy Scripture and can potentially be changed if that were to suit both parties (and MOL). We also have the Feeder Pipeline development. The 36-inch diameter run from Shaikan to the Main Export Pipeline is now in operation and the public domain photographs of the site within Shaikan, where the 12-inch run from Atrush changes to the 36-inch run, show substantial works. Jon Ferrier told Mees Magazine that connecting Shaikan to the pipeline was his #1 priority for 2017 and there is a public domain statement (not from GKP) about building a Blending Plant at that location, in order to inject the Shaikan oil. Jon Ferrier said at the December 2016 AGM in Dublin that a Mixing Plant, rather than a Blending Plant, would be the operational solution. A Mixing Plant is much simpler than a Blending Plant, which involves modulating the flow rate, and a Mixing Plant is not expensive. But again we come to the M&A issue of whether a potential purchaser might want to do that work themselves etc. Perhaps the key task at present is establishing the real - rather than the assumed - characteristics of the Shaikan Jurassic reservoir? We have already seen the previous aquifer-drive model replaced by a totally different gas-drive model. We have a dual-porosity reservoir with oil and gas coming out of the matrix, rather than just oil from the Fracture System. We have seen a major change in the Shaikan Jurassic development programme, with (a) gravity drainage replacing aquifer-driven lift, and (b) substantial relocation of the planned future producing wells. And as was pointed out last night on the bulletin boards, the CPR was in any case somewhat anomalous because it claimed that there was no water below the central part of Shaikan anyway. On one line of thinking, establishing what Shaikan really contains, and how it can best be developed to suit the objectives of the MNR and the operator (be that ultimately GKP or someone else) would appear to be the priority.	notout111	Read Full Thread Reply
18/8/2017 15:02	I hold GKP for £25 per share, at least. Bigdog holds dobbers for 50p a ride, at most.	gkphero	Read Full Thread Reply
18/8/2017 14:49	Bigdog5, well, since you ask so nicely... Yes, it did hit 40Mbopd - as per the H1 Report on 27th Aug 2015. "Production 4.7 million barrels produced in H1 2015, a 102% increase over H1 2014 Total production to date over 14 million barrels Current production in excess of 40,000 bopd 2015 production guidance between 30,000 – 34,000 bopd" In any continuous process plant, fed by pressurised fluids (and gasses) from holes in the ground, there will be fluctuations. Some of these will be naturally occurring (rock formations do not have constant homogenity and variations within an area, causing flows to vary, can be experienced within hundreds, sometimes, tens of meters. Some of these will be as a result of plant "wear & tear", some will be due to simple stuff like silted sand screens and clogged perforations; there are dozens of possibilities. Added to that, of course, are possibilities like taking one, or more, wells off stream for extended periods (pressure recovery characteristics) in order to evaluate (and assist other neighbouring operators,) depletion, interference and communication aspects of producing formations. The difference between 40Mbopd and 37Mbopd is not going to break the bank, or make anybody rich, and probably plays into a much more refined KRG:MNR power-play of which we currently have little understanding. Maybe the buyer just wants 37Mbopd / 13MMstb pa at the moment?	broadford bay	Read Full Thread Reply
18/8/2017 14:36	Now , back to this Brilliant Bob you so admired Care to elaborate , Gobbo ? LOL	roverite12	Read Full Thread Reply
18/8/2017 14:34	Lol Highlander7 being spoke of again ....someone who hasn't posted in all my time here ....to my knowledge anyway ! Let it go , Gob5hite ....he's obviously sold up and moved on .....so should you ....for the sake of your mental health LOL	roverite12	Read Full Thread Reply
18/8/2017 14:32	Is this going to revisit the 70's like a poster mentioned it would recently? The Bh's will be pleased. As will Gkphero.	bigdog5	Read Full Thread Reply
18/8/2017 14:30	BigGob . I'm a little confused as to your post below I can work out who JG is ......but who is this Bob ? "Brilliant stuff Bob but JG has to be talking about what we know now, (10.4b mean) against a £5.60 figure as we, the market, et all haven't been told that the "mean" has risen yet although we all know it will."	roverite12	Read Full Thread Reply
18/8/2017 14:26	Bigdog5 18 Aug '17 - 14:15 - 545419 of 545420 1 0 I would reckon those holding for £8 old money and needing double figures to breakeven will be edgy especially when production is falling. --------------------------- It has been explained to you more than once that production isn't falling . You are becoming ever more desperate and reckless in your lies , Gobbo . Were your losses really that bad to have driven you to this level of mental breakdown ? Be a man . Move on and put it behind you .....	roverite12	Read Full Thread Reply
18/8/2017 14:25	Mr Dog 😂😂😂	oilman63	Read Full Thread Reply
18/8/2017 14:23	BB didn't it get very close to 40k some time ago? johnny, is that what you use the merc for now, supplementing your investment?	bigdog5	Read Full Thread Reply
18/8/2017 14:22	Jamie Black and white old boy Black and white. And I don't mean that in a good way.	oilman63	Read Full Thread Reply
18/8/2017 14:18	Shebaboon £0.90p what's up is the power of Penge not working ??? Don't forget I'm clueless me 😂😂😂 You best get using ADVFNS private message service or give us an uplifting barrels post. PMSL at how bad you are at giving advice 😂😂😂	oilman63	Read Full Thread Reply
18/8/2017 14:15	I would reckon those holding for £8 old money and needing double figures to breakeven will be edgy especially when production is falling. Could this be why DNO walked away? Perhaps the best route for GKP would be farming out a large percentage of ShaiCon and getting a free carry on a well that can go deep for the better quality oil. If it's there. That would allow the Bod to keep troughing, so what's not to like? Perhaps there's a fake reverend in the house that would like to opine on my excellent idea?	bigdog5	Read Full Thread Reply
18/8/2017 14:15	Bigdog blew his pot here and is now blowing helmets for 50p a go.	gkphero	Read Full Thread Reply
18/8/2017 14:13	Does this sound like a man selling at £2 .....a man publicly posting that he hoped a bid at $19 BILLION be turned down !! ? (....unless that man was a con man , of course !) Here's what the Gob5hite posted "nicebut, i'd go along with CJ and hopefully the $19b has been turned down as well. Reserves of 5b at $5 a barrel is north of £17. Then there's the gas."	roverite12	Read Full Thread Reply

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