Gulf Keystone Petroleum Share Discussion Threads

[lifeson] 20/2/2019 10:06

Any update from the company on the FY Results date yet BANGGONE?

That reply must have been over 4 weeks ago now and they're still working on that audit!

Why not just announce the publication date for the 30th April and work back from there?

Unless of course there aren't going to be any FY Results.

===================================================================================

GKP_BANGGONE - 05 Feb 2019 - 15:47:18 - 1850 of 1961

They have to provide notice......

"Thank you for your response and your suggestions.

With regards to our year end results, we do have a timetable in place for our audit and we shall announce the date when all logistics have been checked."

Over 2 weeks ago ......

[gkp_banggone] 20/2/2019 09:58

It's 20/4 and T - 13 days and counting could of course be today or ANY day beforeSALE BY SCHEME OF ARRANGEMENT (Feb 20 = 69 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-13 DAYS MAXIMUM(*Mar 15 = T - 24 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme  publication 0 - 28 days max.I'm estimating 2 weeksYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.zzz

[broadford bay] 20/2/2019 09:56

mac,

no, I suppose not - but that's life isn't it!

Of course the little ones, the illiterates, the deniers and the CNPC obsessives won't want to acknowledge such issues.

Here for you always!


Q: Weren't we going to be taken over yesterday?

[gkp_banggone] 20/2/2019 09:46

It's 20/4 and T - 13 days and counting could of course be today or ANY day beforeSALE BY SCHEME OF ARRANGEMENT (Feb 20 = 69 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-13 DAYS MAXIMUM(*Mar 15 = T - 24 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme  publication 0 - 28 days max.I'm estimating 2 weeksYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.xx

[mcfly02] 20/2/2019 09:44

Good Morning 😃

Jamie, just seen your post on LSE and I bet the BoD are not going to be happy with the loss of production especially with losing so much over the problems they had at SH1.

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

Broadford LSE

There will be a 2-week closure of the ITL within Turkey towards the end of this month, or spilling into March.

BOTAS are scheduled to do a lot of maintenance work on sections of the old pipe which is springing leaks as it struggles to cope with the pressures & flows.

[gkp_banggone] 20/2/2019 09:23

It's 20/4 and T - 13 days and counting could of course be today or ANY day beforeSALE BY SCHEME OF ARRANGEMENT (Feb 20 = 69 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-13 DAYS MAXIMUM(*Mar 15 = T - 24 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme  publication 0 - 28 days max.I'm estimating 2 weeksYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[kiltless hero] 20/2/2019 09:22

Kiltless hero19 Feb '19 - 08:55 - 580016 of 580066 Edit
0 5 0

WHAT TIME IS THE TAKEOVER?

I Predict at least £650

:-p

[gkp_banggone] 20/2/2019 08:56

It's 20/4 and T - 13 days and counting ðŸ¤" could of course be today or ay day before😊SALE BY SCHEME OF ARRANGEMENT (Feb 20 = 69 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-13 DAYS MAXIMUM(*Mar 15 = T - 24 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme  publication 0 - 28 days max.I'm estimating 2 weeksYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[gkp_banggone] 20/2/2019 07:54

https://twitter.com/Paul47293202/status/1098124745466437632?s=19

[beernut] 20/2/2019 07:48

Iraqi PM aide: State of Erbil-Baghdad ties 'never better'
Kosar Nawzad Kosar Nawzad | 28 خول;ەك لەم;ەو¦2;ێش
Share share
Iraqi PM aide: State of Erbil-Baghdad ties 'never better'
Chief of Staff and Adviser to the Iraqi PM, Abdulkarim Hashim Mustafa, speaking with Kurdistan 24 on the sidelines of the Middle East conference in Russia, Feb. 20, 2019. (Photo: Kurdistan 24)
Kurdistan Iraq Erbil Baghdad Relations Russia Baghdad Erbil A+AA-
ERBIL (Kurdistan 24) – The Kurdistan Region and Iraq have “excellent ties,” and despite a “few minor” lingering issues, the two nations should be able to settle them given the levels of trusts and mutual respect between them, a senior aide to Iraq’s prime minister said on Tuesday.

Speaking with Kurdistan 24 on the sidelines of a special event in Russia, Chief of Staff and Adviser to Iraq’s prime minister, Abdulkarim Hashim Mustafa, highlighted Erbil and Baghdad’s increasingly improving ties. The event was a conference on the Middle East, organized by the Valdai International Discussion Club, a Russian think tank.

“Relations are very good between the Kurdistan Region and the federal government,” Mustafa said. “Right now,” the state of bilateral ties is at its “best” as they are based on “high levels of trust” between the two administrations.

However, he added, “I will not claim that all differences…have been put to rest. There will always be small problems.” But both sides “are capable of resolving these issues” together.

Following the Sept. 2017 referendum on independence, relations between the two governments reached a breaking point when Baghdad responded to the vote with a military takeover of contested areas, leading to the withdrawal of the Kurdish Peshmerga forces.

Since then, senior officials from both sides have met, often to work on mending ties and increasing cooperation. Steps in this direction have improved since a new administration was elected in Baghdad, headed by Prime Minister Adil Abdul-Mahdi.

In November, the head of the Kurdistan Democratic Party (KDP), Masoud Barzani, the leading Kurdish figure and former President of the region, visited the Iraqi capital to discuss Erbil-Baghdad disputes and express support for the newly formed government headed by Abdul-Mahdi.

It was the first such visit since Barzani played a central role in the Kurdistan Region’s independence referendum during his tenure as President. His two-day trip included meeting with leaders across the spectrum of Iraqi politics.

In the months that have followed, a number of developments highlight growing cooperation between the two administrations.

Among these steps include the newly passed 2019 federal budget – which was backed by Kurdish lawmakers after amendments were made to the bill based on their suggestions – and the removal of domestic customs points – another measure imposed by Baghdad following the events of late 2017.

Editing by Nadia Riva

Updated

[gkp_banggone] 20/2/2019 07:46

Good Morning 😎It's 20/4 and T - 13 days and counting ðŸ¤" could of course be today or ay day before😊SALE BY SCHEME OF ARRANGEMENT (Feb 20 = 69 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-13 DAYS MAXIMUM(*Mar 15 = T - 24 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme  publication 0 - 28 days max.I'm estimating 2 weeksYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[stockport loser] 20/2/2019 07:40

Have you even considered a doctor? The money has gone Paul, the takeover happened in 2016 when the bond holders ' bought ' 85% of the company and legacy were left with a token 5%.Karma to those lives you ruined in Bolton.

[stockport loser] 19/2/2019 23:25

Brickie Nounce.

[stockport loser] 19/2/2019 22:18

I guess your name is BJ given what you do down the docks? Stop blaming people for your gamble, it lost, man up.

[bj476] 19/2/2019 21:54

And If we as a major prosecution teaam did not make it clear enough, you sir, and the one you allow to sign up. On new accounts, speaking on each others behalf, yes, your lady friend, aka, wife? Nah, Girlfriend! Which this is now evidence, which your loud mouth wife, doesn’t know about! Correct?

See you in the chambers, FRAUD!

[bj476] 19/2/2019 21:41

“Just spent a few minutes looking back at some old screenshots and it's very clear what a repulsive character Waterhouse and Hills are closely followed by takeover Paul and HabscamScot John.
At some point I will repost some of posts they put on here themselves just to show how delusional and agenda ridden and extremely jealous they are.
They enrolled people here into brain washing classes without them knowing.”

A failure you are, continuing you do. Unfortunately you, and many others will never win. Lost cause this is now, yes? The last hope, ended not with you, but with The Last Pi left standing!

Research now proves you hold, nothing! Yet meddling in a country/region. Arrest warrants, I am awaiting! You Fraud!

His name is Tony. Biggest player regarding GKP. Biggest Fraud in HISTORY!

Unfortunately the dream weaver LOL, and thinks, millions of PRIVATE INVESTORS, money is nothing!

TONY, you will be arrested and prosecuted, just like your mate TK! Karma, what goes around, will come back! What did you think, we all fell asleep! W nk er!

You are finished!

[broadford bay] 19/2/2019 19:34

CCC posted earlier on the other place about the Heavy Crude "Premium§ currently being seen.

I joined in on this, saying:

The premium currently being offered for Heavy Crude, while it should benefit slightly the Kurdish Blend price, does not directly correlate to the price being achieved by the Shaikan contractor group.

Let's assume that the Kurdish Blend is currently about 27°API and S2.5%; that blend incorporates a raft of crudes ranging from near-32 API, down to 17°API (if there is any TaqTaq crude still being exported, or condensate in there, then perhaps ranging down from ca 46°API or so).

SH crude, with its 17°API and S% between 4.5% and 5.5%, will have a lower value than that achieved by the Kurdish blend – and the determination of that $/bbl value is one of the main factors behind the extended negotiations and lack of agreement re. historical sums due to all operator groups (just listen to the recent DNO webcast, where the Chairman reiterates that very same issue, and for the nth time).

Having said that, the differential seems to have reduced – but by what amount and for how long remains unclear. Don’t forget either that the forward financing deal agreed between MNR and the major trading houses is agreed with defined periods and defined $/bbl. The trading houses will be the ones to benefit most from such market gyrations, not the MNR.

If and when a new sales agreement is agreed we may be able to see what any price improvement has become – but the negative, long-term forward financing aspects are not going to vanish overnight.

EDIT: "..defined periods and defined $/bbl discount."

Always here for you!

[bigdog5] 19/2/2019 19:26

I think we can all see why nestofBS is compelled to post up his BS.

nestoframpers
16 Jul '16 - 22:02 - 504053 of 580076
0   0  1

"I can get my ave down to 11p , that isn't low enough to make money here , but at least it will limit losses".