Gulf Keystone Petroleum Share Discussion Threads

[mr roper] 16/12/2016 10:14

nor
"expertise in Oil and Gas"

Afren...

[fairenough11] 16/12/2016 10:13

Yes Shaikan is in Kurdistan,but maybe Sinopec know that:-))They paid big bucks to land Addax to secure Reserves/production so.......



"Sinopec is paying somewhere between $16 (U.S.) and $20 a barrel for Addax's proven and probable reserves of 537 million barrels, measured at the end of 2008."

[nestoframpers] 16/12/2016 10:10

Nadhim Zahawi
Chief Strategy Officer

Nadhim Zahawi joined Gulf Keystone as Chief Strategy Officer in August 2015.

Nadhim read Chemical Engineering at University College London before going on to have a successful career in business. His early career includes the roles European Marketing Director for Smith & Brooks Ltd, and co-founder and former CEO of YouGov, the international market research firm which listed on The London Stock Exchange's AIM market in 2005. Nadhim has held a number of advisory roles in the Oil & Gas sector. He has been a Conservative Member of Parliament for Stratford-on-Avon since 2010.

Nadhim is of Kurdish origin, and moved from Iraq to the UK in his childhood. He has maintained contact with the Kurdistan Region of Iraq throughout his extensive career.
--------------------------------------------
so where did he get his ' expertise in Oil and Gas'?

quote his words

“The current management team was brought in with the purpose of restructure and to help save hundreds of jobs in the UK and Kurdistan. I was approached by the current CEO because of my oil and gas expertise, having trained as a chemical engineer, and my country expertise.”



He is lying he doesn't have any expertise.Some say he lied about his elecy meter too.A multi millionaire! he wouldn't be obsessed with money by any chance?

[oilman63] 16/12/2016 10:09

Good Morning Joseki 😃

Just been having a look at 3iii and it's nice to see one of Bob's teamcourt admitting what a gullible Pratt he has been. And after all the nice things he has said about me only to find out that the Reverand was lying to him all along.

Yet another one of the flock awakens...............more to follow !!!

And when you write your snappy one liners how about a screenshot of your bank statement ???

[gkphero] 16/12/2016 10:04

Rumour on the grapevine of a bidding war with the USA.

[gkphero] 16/12/2016 10:02

Will it be Fried Rice or Big Mac's at the takeover lunch?

[zagrosfold] 16/12/2016 09:45

Dr beng...Again

[gkphero] 16/12/2016 09:41

The bent bondholders better get selling then, if GKP is worth 1p with 200k shares in issue.

[mr genel energy] 16/12/2016 09:40

I CAN SAY genel IS WORTH £2 BILLION WITH ITS GAS ASSETS.

[mr genel energy] 16/12/2016 09:40

OR 1P MAY I SAY

[oil_investor] 16/12/2016 09:39

GKP was very successful when it was on AIM.

The slide took place when it issued the ERC Equipoise "layers of conservatism" CPR (with which John Gerstenlauer and John Stafford said they did not agree) in March 2014 in order to issue more Bonds (rather than use Rights Issue or Open Offer facilities) in order to get onto the "grown-up" Main Market.

AIM isn't anything whatsoever to do with GKP's recent problems etc.

By the way, a new senior Finance person has just been appointed at GKP. Ex-Glencore, ex-Hess, ex-Petroceltic. A Chartered Accountant. I wonder when Gulf's new Chief Operatng Officer going to be announced?

[mr genel energy] 16/12/2016 09:38

so GKP went from AIM to the MAIN MARKET..

and it fell to 1p on the main market...


so is the main market corrupt as well

imo YES IT SAME LIKE ITS YOUNGER BROTHER.

[gkphero] 16/12/2016 09:38

Shaikan could easily be worth £10 billion.

£50 per share in new money.

[mr genel energy] 16/12/2016 09:37

the AIM market is dead in the water now.
only a few investors left the hardcore mainly.

[gkphero] 16/12/2016 09:29

"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."


£5 billion will be enough for GKP.
They have plenty spare then, with a total of $13.3 billion raised.

[mr genel energy] 16/12/2016 09:17

GKP was on AIM.






"Casino" environment[edit]
In March 2007, U.S. securities regulator Roel Campos suggested that AIM's rules for share trading have created a market like a "casino". Campos reportedly said: "I'm concerned that 30% of issuers that list on AIM are gone in a year. That feels like a casino to me and I believe that investors will treat it as such."[7] The comment resulted in several angry retorts, including one from the London Stock Exchange, which controls AIM, pointing out that the number of companies that go into liquidation or administration in a year is actually fewer than 2%.[7]

AIM has since issued new rules requiring that listed companies maintain a website.[8]

The calibre of participants in the market has also been criticised by fund manager John Hempton of Bronte Capital Management.[9]




Langbar International fraud[edit]
AIM was criticised for allowing Langbar International to be listed.[10] This £375 million ($750m) share fraud was investigated by the Serious Fraud Office[11][12][13] and the City of London Police when it was discovered in November 2005 that Langbar had none of the assets it declared at listing. This was due in part because the Nomad (Nominated Adviser) failed to carry out due diligence. Also, the Exchange did not ensure that the AIM rules had been complied with. The AIM changed the rules for Nomads in 2006.[14][15][16] On 19 October 2007 they fined Nabarro Wells £250,000 ($512,500)[17] and publicly censured them for breaches of the AIM rules.[18][19][20]



n March 2007 the Daily Telegraph noticed a tendency to use listing vehicles incorporated in offshore financial centres prior to floating on AIM. Some 35% of the companies floated on AIM during 2006 were from OFCs, of which the majority came from the Channel Islands or the British Virgin Islands.[21]

On 29 January 2009 it was announced that AIM is to form the basis of an Asian-orientated growth or incubator market called 'Tokyo AIM', which will be run as a joint venture between the Tokyo Stock Exchange and LSE. Tokyo AIM will replicate AIM's system of oversight by NOMADs, with 'J-Nomads' being "selected and approved by TOKYO AIM ... to assess companies’ suitability for the market".[22]

[fairenough11] 16/12/2016 09:06

You can't buy 360Mbls+ of reserves for less than $1B/$1.5B imo.Plus these reserves are from only a very small part of Shaikan where they have hardly scratched the surface,plus +TCUFT+++ of gas.
So,imo,they either get around $2B+ OR a smaller amount but lock in a free carry on future exploration/production increases.

Current Mckcap just over £300M,with over $600/$700m to claw back via past capex,plus the BIR cash and owings.

Nonsensical current valuation IMO.

[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.