Gulf Keystone Petroleum Share Discussion Threads

[del44] 17/3/2016 17:06

did anyone else think that the phone in sounded bloody depressing or was it just me?
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The sirens in the background didn't help the mood music to be fair..........

[mr roper] 17/3/2016 17:03

Gulf Keystone shares plummeted to seven-year lows on Thursday after the struggling oil explorer warned that it might not meet significant debt repayments due next month.

Shares in the London-listed group lost more than 13pc to hit lows not seen since March 2009, at just below 10p a share. The Kurdistan-based oil producer admitted there was a “low likelihood” it would need to sell off assets to cover its multi-million dollar debts.

In its full-year report the group said it faced “material uncertainties” surrounding its ability to meet its coupon payments. It is due to pay $250m in April and $325m in October.

The group put itself up for sale in February last year after a long struggle with debt, in part due to the Kurdistan government’s failure to pay at least $100m that it owed for oil exports.

But the oil operator has faced growing challenges as global oil prices plunged to 12-year lows while geopolitical tensions in the region have raised investor concerns.


Gulf Keystone boss Jón Ferrier said the company planned “strenuous efforts” to strengthen its balance sheet, “not only to ensure our ability to remain as a going concern, but also to be able to provide new capital to increase production and as a solid foundation for the longer-term future of the company”.

“Against a well-publicised challenging backdrop, both across the industry and in the region, the team is actively managing all aspects of the business over which we can assert control,” he added.

[bouka1] 17/3/2016 17:03

BASICALLY NOTHING CHANGED-- BOND MATURITY 2017-- BOND HOLDERS WONT DARE TO PACK UP THE COMPANY AS THEY WILL LOOSE IT ALL---
BOD NEED TO BE CHANGED BIG TIME HERE

[bouka1] 17/3/2016 17:02

GOOD LUCK TO YOU ALL SHARE HOLDERS----- IT MAY BE BOUGHT OUT BY BIG PLAYERS--- IF GENEL GETS THEIR PAY GKP DESERVE PAYMENT TOO...

[astorcourt] 17/3/2016 17:00

suspension looms for this one. Get out now before its to late.

[rafthorney] 17/3/2016 16:59

did anyone else think that the phone in sounded bloody depressing or was it just me?

[da1959] 17/3/2016 16:58

OM63

I believe you. Not your fault. No point selling now.They might as well take the lot. Good luck.

[rafthorney] 17/3/2016 16:57

we just need a rolling line of credit! hahahahahahaha gulp

[oilman63] 17/3/2016 16:53

DA

Sorry you have lost money and I do mean that.

I stopped posting titbits because of certain individuals and I was asked not to post to much on the blogs.

I don't want anybody to trade on what I post.

And I am NOT looking for friends.

[fsawatcher] 17/3/2016 16:52

they not got money to pay april debt interest so sommat goin to happen 28 days and not goin be nice for shareholder

just looked up last years bond news and BER deal

look like unsecured debt now changed to 'secured debt' after last year negotiations

secured against wot?

shaiken assets I fink

[jxman] 17/3/2016 16:52

Glad I got out at 10p 3 years ago!

[rafthorney] 17/3/2016 16:52

Can we get resource backed lending if we show we are being paid? i have no idea really.

[the legendi] 17/3/2016 16:46

This company is in real trouble. Afren all over again.

[fsawatcher] 17/3/2016 16:45

oilman knows nuthin , not hard see that

just looked at his postin history

hes been here for years and share price down 450p to 9p and he still dont know wot goin on

'unique individual' ha ha ha

I fink gkp bein nice

you wasted a lot a lotta time and money

[da1959] 17/3/2016 16:45

OM63

Enough from me today as i really do not post but look in.
Have you ever read, How to make friends and influence people. Well, The first point you fail, second I think you scored. Ha.

[da1959] 17/3/2016 16:36

OM63

Re Edit

I have lost a shed load. Fact. Nothing you have said led me to do that. I believed the story but the warnings were there. Simple. Nothing you have said gives me any clue as to sell, buy or hold. Maybe i'm thick. !!!! Yes I must be.

[oilman63] 17/3/2016 16:36

DA

Here's a clue.

Recently I was described by one of the BoD as a unique individual (in a good way)

When it comes to research I go the extra mile.

[bigdog5] 17/3/2016 16:34

Roper, they both deserve to dangle.

[mr roper] 17/3/2016 16:34

raft, it's been disconnected.

[stucom] 17/3/2016 16:30

Is the takeover tent still in good nick? 👾

[da1959] 17/3/2016 16:30

OM 63

Clueless maybe, filter no. Entertainment value is priceless. Just don,t suck people in with your I know what you don't know. Think most long term investors ( if like me they are stupid and still here ) Don't need anymore CARP.

[olieslim] 17/3/2016 16:28

Anyway, $5 to become $4.5 which Major can refuse that?

Surely they'll cook up some deal to good to refuse when the time is right.

They probably have all the shares already

[bouka1] 17/3/2016 16:26

THIS COMPANY NOT GOING BUST -- THEY WILL BE LOVED FOR THEIR RESOURCES-- BOD NEED TO BE KICKED OUT, THATS ALL