Gulf Keystone Petroleum Share Discussion Threads

[rockin robin] 16/12/2016 08:52

3 or 4 times multiple would be nice.I expect some shorters may be having a very nervous Xmas..Enjoy.

[ccr1958] 16/12/2016 08:40

naplion, I think it might be best for all if this is sold . As has been pointed out ad infinitum this has been a disaster for PIs in general... apart from the traders who have made loads apparently , LOL !!

[mister md] 16/12/2016 08:40

Up on massive volume
Down on tiny volume
Increasing number of press reports on potential Sinopec deal
Think I'll hold tight for a bit longer ...

[gkpdickhead] 16/12/2016 08:29

PMSL!! if even the Sinopec piece couldn't propel this POSS beyond 1.4p in old money then FFS this is surely totally fukked!!!! No doubt 1712gkpdh numero uno will be along with some totally deluded, fuk-witted and talking-out-of-his-totally-reamed-rusty-bullet-hole reason as to why not any minute...!!!

[owdbuffer] 16/12/2016 08:29

Sinopec has plans for the money it's raising. It's eyeing a takeover of London-listed Gulf Keystone GKP.L, a financially troubled oil company focused on Iraqi Kurdistan, according to Bloomberg. That points to Sinopec's urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the year.

..................................................................................


GKP has reserves.

We can do reserves Sinopec!

Reserves are everything for an IOC. It's what they are valued at.

I'll take this as a positive.

I was in Polo Resources when the Chinese bought an Iron Ore mine from them. It took months and months. I think they might have a few layers of bureaucracy to get through, so this might not be quick. But it could provide another opportunity to buy in at 125p as the speculators get discouraged. On the other hand JF was very keen to take delivery of his shiny new trough ASAP, so talks may be well advanced.

Very easy company to buy now that the bulk of the dispersed shareholders have been neutralized, Put 5 big holders in a room and you are talking to above 50% of the stock, agree a price with them and there's nothing the BOD or us can do about it. Since the big holders are already in profit and probably don't want to own equity anyway, especially in Kurdistan, they will roll over for 3 or 4p IMO.

Disappointing, but I for one will be glad to leave this whole sorry mess behind.

[1712notout] 16/12/2016 08:13

Agree f11
$1.36 bn on CPR 10%

And these are developed

Plus prospectivity etc

So what's it worth $2bn min IMO

If there's a competition 3b plus so several multiples

IMO

Buy
And
Hold
Notes did

😂😂😂😂8640;🚀Ԇ40;🚀

[naplion] 16/12/2016 08:12

I don't think they should sell, even at 3 times the price offered, there is no need now after the restructuring, isis threat is no longer an issue, oil on the up, that's why they are being approached and that's why they shouldn't sell

[fairenough11] 16/12/2016 07:59

I like the "urgency in replacing" bit.

and GKP are not forced sellers anymore.

#drivingseat.

[mr roper] 16/12/2016 07:43

fe,

both para's....13.3bn bucks should be enough for Shaikan eh....

Sinopec raised $3.3 billion on Monday by selling a 50 percent stake in an oil pipeline to state firms China Life Insurance and SDIC. It is also planning a $10 billion initial public offering of its network of over 30,000 gas and convenience stores. That follows the 2014 sale of a 30 percent stake of the division to a group of Chinese investors.

Sinopec has plans for the money it's raising. It's eyeing a takeover of London-listed Gulf Keystone, a financially troubled oil company focused on Iraqi Kurdistan, according to Bloomberg. That points to Sinopec's urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the year.

[1712notout] 16/12/2016 07:42

Not financially challenged anymore😂8514;😂ԅ14;😂

And to put that in perspective GKP Shaikan WI makes up that reserves shortfall

They don't grow on trees

Buy
And
Hold
All the best
🚀🚀🚀🚀8640;🚀Ԇ40;🚀🚀;🚀🚀

[fairenough11] 16/12/2016 07:31

"Sinopec has plans for the money it's raising. It's eyeing a takeover of London-listed Gulf Keystone, a financially troubled oil company focused on Iraqi Kurdistan, according to Bloomberg. That points to Sinopec's urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the year."

[ken goodfellow] 16/12/2016 06:41

Jafa comment?

In my opinion they definitely DON'T qualify as biscuits and are overrated, imho.

[oliver666] 16/12/2016 01:11

BB, Oh dear. You have not picked up the Jafa comment.
Lardner, I have done the Khalizad trip in 2009, I cant go back there again

Re wiki leaks, one suggestion, go to the Panama papers and go deep, not surface, really deep.

If you go beyond wiki leaks you will find Chalabia, Iyad Allawi, and you will find Uk MP's DEVIDING IRAQ Into 5 , Hakim, Allawi, Barzani, Talabani and Chalabai and Maliki of Dawa finally got his piece, problem was Bazarni, Talabani, Allawi had taken what they wanted
.
Re Saddam. Yes old man jafa , but Regan and Thatcher. Then Major. Kurdistan is a shot hole of corruption
Of course we could go back to BP, when the last USA Admin appointed a oilperson to SS like Tillerson. Try JF Dulles he was chief of the American petroleum council, he had a brother Alan Dulles in the CIA, they were persuaded by UK BP to overthrow M Mossadegh the democratically voted and elected leader of Iran. The UK replaced the last democratically elected leader of Iran with Shah, that was a typical UK act, how did it turn out? Revolution in Iran, And Maggie and Ronnie duck up the ME again.

[jasperthemonkeygod] 16/12/2016 00:51

'are there', H

[hearts1] 16/12/2016 00:47

Many ask is there any similarities between GKP and AFR ?The answer is yes, BiggerThus.

[jasperthemonkeygod] 16/12/2016 00:26

just joking, it's not a Mario Puzo thing, or anything like that*


*it is

[jasperthemonkeygod] 16/12/2016 00:25

lardner2315 Dec '16 - 19:35 - 530014 of 530034 2 0
Harriet's back from maternity leave. She's part-time red top these days.

what is there to say other than

all the best, from the Grotto

[joseki] 15/12/2016 22:33

The answers were in the Muppets Munch

[hectorscrackwhores] 15/12/2016 22:25

Oh hi there Dud ishes
Thanks for recommending the following reading material
The "Greatest Traitors" by Roger Hermiston or more prolific Ben Macintyre's "A Spy Among Friends".

I am currently on Chapter 31 Opec's Imperium, page number 630,
Venezuela: The Kitty Cat Died in the much acclaimed oil novel the PRIZE.

Will be getting straight onto your two recommendations when I finish the PRIZE sometime in 2018 I hope.