Gulf Keystone Petroleum Share Discussion Threads

[zorsupas] 18/3/2016 14:01

4. Against this background, the government commits to implement the economic and financial policies described in the attached Memorandum on Economic and Financial Policies (MEFP) as part of a Staff-Monitored Program, in order to demonstrate good performance and move to a possible IMF financing arrangement as soon as possible. The MEFP describes the large fiscal consolidation that the government has already implemented in 2015 and plans to continue to implement in 2016. The MEFP describes also the foreign exchange policy, public financial management and banking supervision reforms that the government commits to implement during the remainder of 2015 and in 2016.

Or else what? Or else, no IMF financing arrangement, no international creditworthiness, and a failed Iraq.

The above is called "going to the IMF cap-in-hand".

[onetomany] 18/3/2016 13:54

Said it two weeks ago. Reckon we could still see equivalent of 20p before the end of the year. 100-200% upside. Full yer boots I say.

[zorsupas] 18/3/2016 13:54

rafthorney, that doesn't make sense. Write it again.

[rafthorney] 18/3/2016 13:53

Excuse me for being stupid but can someone point me in the direction where it says Iraq are after IMF cash and any rules that the IMF insists upon.cheers

[onetomany] 18/3/2016 13:52

D4E and shareholders left with 20-25% of the company. Then rise slowly.

[zorsupas] 18/3/2016 13:50

"Lol" based on what? Show your working.

[olieslim] 18/3/2016 13:46

I guess they were in the dataroom for SA

[bigdog5] 18/3/2016 13:44

Hollywood, and there's reasons for that, some obvious, some not.

[onetomany] 18/3/2016 13:42

Is that the D4E onetomany told you about

[joseki] 18/3/2016 13:41

The answers were in the Muppets Munch

[mr roper] 18/3/2016 13:39

lol BD...better of with a DNO tie up. Genel and MOL another two mugs the MNR can push around.

I miss the days of Maliki and Sharistani at least they stabbed you in the front while the KRG put it in the back of the IOC's

[zorsupas] 18/3/2016 13:39

Mar 18, 2016.

Gulf Keystone admitted it faced “material uncertainties” in meeting the payments and is making “strenuous efforts” to secure new funding “essential to the group’s ability to continue as a going concern”. Its shares fell 22 per cent or 2.6p to 9.4p.

Bondholders including hedge funds GLG Partners, Sothic Capital Management and Taconic Capital are understood to be working with investment bank Houlihan Lokey on options to restructure the company’s debts.

[zorsupas] 18/3/2016 13:35

Telling that people think the share price means anything. The share price is akin to the price of used car. It means nothing to or about the company that made the car and sold it in the first place. The price of a used car only means something to the owner of that used car (and to potential buyers).

And, since most used car buyers are tire-kickers, the price of a used car is usually just made-up.

What have to be considered are the facts surrounding the company. For our purposes, those boil down to: Can it meet it's debt obligations?

I say yes, with SOMO in control of Kurdish oil. And SOMO is about to take control.

[hollywood6] 18/3/2016 13:25

That would be perfect for us now BD. But lets face it, hardly anything has gone right for us recently

[bigdog5] 18/3/2016 13:23

Roper, Hawrami was handed an award for presiding over a much larger mess.

Good time for a GKP/Mol/Genel tie up?