Gulf Keystone Petroleum Share Discussion Threads

[stockport loser] 06/2/2019 08:57

SP looks a car crash...

[nestoframpers] 06/2/2019 08:40

Politics looks promising .

[beernut] 06/2/2019 07:51

Improved relations

Customs Checkpoints Between Kurdistan and Iraq to be Removed Soon

BasNews 06/02/2019 - 00:23 Published in Kurdistan
Customs Checkpoints Between Kurdistan and Iraq to be Removed Soon

Tagged under en
ERBIL - The controversial customs checkpoints on the highways between Kirkuk-Erbil, Kirkuk-Sulaimaniya, and Duhok-Mosul are said to be removed soon as the relations between Kurdistan Region and Iraq are improving.

The customs offices, which were built by the federal government in late 2017, have affected the Kurdish businessmen. The removal of the checkpoints, however, is expected to develop trade in the region.

According to the latest agreements between the Kurdistan Region and Iraq, Baghdad has shown readiness to remove the customs offices by February 17, as cited by Kurdistan 24.

The taxation system at all checkpoints across Iraq will also be reorganized, according to the information BasNews has learned.

[broadford bay] 05/2/2019 21:19

"...Erbil must meet obligation of preexisting contracts with oil trading houses."

[bj476] 05/2/2019 20:34

OM, Life cannot be that bad for you to respond the way you have.

Guys, can we have a quick whip round, the last thing I truly wish to see is a fellow investor on the streets. Feel sorry for the Messiah, especially the way he now uses emojis to justify his errors. Two thousand years ago, he would never be able to respond, after f ing up his followers. He would have been nailed up. Fast forward two thousand years, should this man be in prison, or should we just go back two thousand years, and....

[gkp_banggone] 05/2/2019 18:23

XxxxxxAnnouncement in hours XSuccess under a scheme of arrangement is typically 100% ownership. A scheme is attractive to a bidder seeking 100% ownership of a target as it delivers an 'all or nothing' outcome â€" if the scheme is approved the bidder has certainty that it will reach 100% ownership of the target.It will be approved as the major participating holders in the restructure will provide 53%+ irrevocables

[gkp_banggone] 05/2/2019 18:20

XxxðŸ'ŸYou're welcome ðŸ'ŸðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œðŸŽˆðŸŽˆðŸ'œðŸ'šðŸ–¤ðŸ'›ðŸ'šðŸ'™ðŸ–¤ðŸ'›ðŸ'œðŸ'šðŸ'šâ?¤ï¸?🖤🖤The more their proxy has bought in the higher holders profits at t/o:ðŸ'–ðŸ'–No FY report will be required if they DELIST ist by 30/4 - if not they HAVE to report.Listing REGS require that.Sale by Scheme of arrangement takes at least two months to delist them.So it's very nearly all over,SALE RNS IMMINENT :ðŸ'ŸðŸ'ŸPeel Hunt issued a recent note on the company.#Valuation and recommendation. Following the above tweaks to the production profile and capex, we revise our core NAV to 392p from 387p. We continue to conservatively include no value in our target price for the 239MMbbl gross 2C in Shaikan, worth 34-136p/sh risked-unrisked.Gulf Keystone Petroleum continues to stand out as one of our top sector picks and we reiterate Buy.#They are being super CONSERVATIVE 🌋ðŸ'‹!They use 58% WI when we now know it remains 80%.So their core valuation must be revised by this, 38% higher.The do not place any value on 2C, actually 330m at 80% WI, and even at a very modest $ 2.3 boe this adds further £2 plus.They are only using $3.4 boe for 2P when MOL report $8 and Shamaran higher.So low base-case in my assessment is 470m 2p, 330m 2C (which would in my be treated as effectively 2P when new FDP approved)Working on 800m 2P without adding any value for the MOL recently reported upside and using a stil very modest $10 boe provides $ 8bn asset resource value.This is still very modest in that a land based resource of this size would be strongly fought over by IOC.With 229 million shares, using dollar exchange of 1.29, £ 27 per share would be the minimum I would expect the company’s major owners to accept.It would not be a surprise to me if this number doubled.🎈 xxx

[stockport loser] 05/2/2019 18:03

He's certainly known a few pigs in his time .

[gkp_banggone] 05/2/2019 17:21

XxApril 30 is the LAST date they can report under listing regsThe date of publication of the FY results has always been contained within the first operations / corporate RNS of each new year since Main Market listing.The first 2019 ops/corp RNS was on the 16th January and contained no such FY results publication date.The RNS dates were as follows:-22nd January 2015 RNS for 9th April 2015 publication (2014 FY results).11th January 2016 RNS for 17th March 2016 publication (2015 FY results).1st February 2017 RNS for 6th April 2017 publication (2016 FY results).22nd January 2018 RNS for 11th April 2018 publication (2017 FY results).The company will be sold by scheme of arrangement which takes around 2 months to go through process to court sanctioned DELIST which must complete before April 30 and the lawyers will have built in some contingent time.Expect the agreed sale by scheme RNS anytime in nect week or so.Expect announcement that they have used excess cash to buy in stock to retire which will concentrate remaining holders profutsI reckon buyin around 25% which increases holders profits by a third.More their proxy has bought in the higher the concentration of profits

[gkp_banggone] 05/2/2019 17:20

Announcement in hours XSuccess under a scheme of arrangement is typically 100% ownership. A scheme is attractive to a bidder seeking 100% ownership of a target as it delivers an 'all or nothing' outcome â€" if the scheme is approved the bidder has certainty that it will reach 100% ownership of the target.It will be approved as the major participating holders in the restructure will provide 53%+ irrevocables

[gkp_banggone] 05/2/2019 17:19

XHow many have they bought in to retire?25% buyin concentrate s profits for remaining holders at t/o +33%30% inc's by 42.8%35% inc's by 53.8%40% inc's by 66.6%I think likely prob 25-30% buyin 33%-42.8%

[gkp_banggone] 05/2/2019 17:19

ðŸ'ŸYou're welcome ðŸ'ŸðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œðŸŽˆðŸŽˆðŸ'œðŸ'šðŸ–¤ðŸ'›ðŸ'šðŸ'™ðŸ–¤ðŸ'›ðŸ'œðŸ'šðŸ'šâ?¤ï¸?🖤🖤The more their proxy has bought in the higher holders profits at t/o:ðŸ'–ðŸ'–No FY report will be required if they DELIST ist by 30/4 - if not they HAVE to report.Listing REGS require that.Sale by Scheme of arrangement takes at least two months to delist them.So it's very nearly all over,SALE RNS IMMINENT :ðŸ'ŸðŸ'ŸPeel Hunt issued a recent note on the company.#Valuation and recommendation. Following the above tweaks to the production profile and capex, we revise our core NAV to 392p from 387p. We continue to conservatively include no value in our target price for the 239MMbbl gross 2C in Shaikan, worth 34-136p/sh risked-unrisked.Gulf Keystone Petroleum continues to stand out as one of our top sector picks and we reiterate Buy.#They are being super CONSERVATIVE 🌋ðŸ'‹!They use 58% WI when we now know it remains 80%.So their core valuation must be revised by this, 38% higher.The do not place any value on 2C, actually 330m at 80% WI, and even at a very modest $ 2.3 boe this adds further £2 plus.They are only using $3.4 boe for 2P when MOL report $8 and Shamaran higher.So low base-case in my assessment is 470m 2p, 330m 2C (which would in my be treated as effectively 2P when new FDP approved)Working on 800m 2P without adding any value for the MOL recently reported upside and using a stil very modest $10 boe provides $ 8bn asset resource value.This is still very modest in that a land based resource of this size would be strongly fought over by IOC.With 229 million shares, using dollar exchange of 1.29, £ 27 per share would be the minimum I would expect the company’s major owners to accept.It would not be a surprise to me if this number doubled.🎈 xxx

[bigdog5] 05/2/2019 17:15

And another of the spameisters nicknames bites the dust.

[gkp_banggone] 05/2/2019 15:38

How many have they bought in to retire?25% buyin concentrate s profits for remaining holders at t/o +33%30% inc's by 42.8%35% inc's by 53.8%40% inc's by 66.6%I think likely prob 25-30% buyin 33%-42.8%

[gkp_banggone] 05/2/2019 15:23

ðŸ'ŸYou're welcome ðŸ'ŸðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œðŸŽˆðŸŽˆðŸ'œðŸ'šðŸ–¤ðŸ'›ðŸ'šðŸ'™ðŸ–¤ðŸ'›ðŸ'œðŸ'šðŸ'šâ?¤ï¸?🖤🖤The more their proxy has bought in the higher holders profits at t/o:ðŸ'–ðŸ'–No FY report will be required if they DELIST ist by 30/4 - if not they HAVE to report.Listing REGS require that.Sale by Scheme of arrangement takes at least two months to delist them.So it's very nearly all over,SALE RNS IMMINENT :ðŸ'ŸðŸ'ŸPeel Hunt issued a recent note on the company.#Valuation and recommendation. Following the above tweaks to the production profile and capex, we revise our core NAV to 392p from 387p. We continue to conservatively include no value in our target price for the 239MMbbl gross 2C in Shaikan, worth 34-136p/sh risked-unrisked.Gulf Keystone Petroleum continues to stand out as one of our top sector picks and we reiterate Buy.#They are being super CONSERVATIVE 🌋ðŸ'‹!They use 58% WI when we now know it remains 80%.So their core valuation must be revised by this, 38% higher.The do not place any value on 2C, actually 330m at 80% WI, and even at a very modest $ 2.3 boe this adds further £2 plus.They are only using $3.4 boe for 2P when MOL report $8 and Shamaran higher.So low base-case in my assessment is 470m 2p, 330m 2C (which would in my be treated as effectively 2P when new FDP approved)Working on 800m 2P without adding any value for the MOL recently reported upside and using a stil very modest $10 boe provides $ 8bn asset resource value.This is still very modest in that a land based resource of this size would be strongly fought over by IOC.With 229 million shares, using dollar exchange of 1.29, £ 27 per share would be the minimum I would expect the company’s major owners to accept.It would not be a surprise to me if this number doubled.🎈 xxx

[gkp_banggone] 05/2/2019 14:58

£120 squid a big ask!!Lot depends on how many shares proxy bought in to retire £30-£ 80 a sensible range

[mcfly02] 05/2/2019 14:56

I wonder if Paul is reading to much into this Chinese bit with it being the year of the pig 🐷

[gkp_banggone] 05/2/2019 14:38

Success under a scheme of arrangement is typically 100% ownership. A scheme is attractive to a bidder seeking 100% ownership of a target as it delivers an 'all or nothing' outcome â€" if the scheme is approved the bidder has certainty that it will reach 100% ownership of the target.It will be approved as the major participating holders in the restructure will provide 53%+ irrevocables

[gkp_banggone] 05/2/2019 14:28

£32-£120 in my opinion CNPC