Gulf Keystone Petroleum Share Discussion Threads

[clinicallyobeseandthicktony] 22/3/2019 16:51

They have used 3.40 boeAnd 58%Should be at least 8 and 80%

[clinicallyobeseandthicktony] 22/3/2019 16:50

Straightforward stuff:XJuly 16 Restructuring destroyed hostile stake allowed real TRUE auctionSept 16 Gabriel appointed as commercial director to oversee m and a Dec16 Sinopec approaches plus other bidders , flags start of auctionPre Dec 17 winners granted exclusivity, huge tech DD begins on ShaikanFeb 18 staff all granted share options to share in sale bonanzaFeb 18 CITIGROUP begin ASR buyback of GKP stock collateralised by March 2018 pressure data logging and field simulation modelling completed Sept 2018 deal commercial terms agreed Oct 1 2018 lead M and A lawyer lands to oversee legal contrac sale deliveryFeb 2019 D - 28 begins takeover scheme and court hearings arrangedFeb/March 2018 formal irrevocable agreements from major shareholders acquired2019 MARCH TBC Proxy buyback and equity concentration announced TBC Sale by scheme announcement March/April Sale scheme implementation April GKP Delisted x

[bigdog5] 22/3/2019 16:50

It would appear that Peel have used $3 a barrel for their share price of £3.80 ish for the shaiCON very heavy. That may of course be rather optimistic but as they're connected to the company it's expected they would be bullish. So until resources get moved into the reserves column anything other than P2 will have very little value if any at all.

To support that view I've had a look back over some old posts from the over optimistic "experts" and used their calculations when applied to the various levels of reserves/resources. I've then checked them against said "experts" opinions when compared to the Valares/Genel merger. Based on the current POO and the fact Opec has clearly stated heavy oil will fall in value from 2020 $3 looks toppish were anyone (they're not) to be interested. Would the MNR approve anyway.

We can see why DNO walked away after decreasing their offer of less than £1.

Happy to help.

[clinicallyobeseandthicktony] 22/3/2019 16:49

SOLD RNS NEXT WEEK Over 2 years of ongoing PSC negs continuing......yadadayada Then the proposed 58% becomes obsolete as of june 2018 as"negotiations have evolved"Dec 2018 PSC negs no longer even mentioned :) Jan 2018 WI =80% no less even "IF" the PSC was amendedBoooooooooooom

[clinicallyobeseandthicktony] 22/3/2019 16:49

Everyone here is more bullish on sale price than me :)I'm just trying to be prudent Wouldn't want to be accused of ramping Tess £121Bigdog £148 X Atino £ 126 X MC fly £ £88Me £56 X Broadfraud £192Clinically obese thick tony £80 Mark AndTellme £225 akaChocolate Chip cookie £ 65 Welshki £112

[atino] 22/3/2019 16:44

...but this...GKP...is proving rather challenging 🤔 (...and I like that 😉🙇)💭💭
28173;

[clinicallyobeseandthicktony] 22/3/2019 16:42

Nobody caresThe company will announce sale next week

[habshan] 22/3/2019 16:35

"But but they have more than that to workover and fit pumps 😱

Everything is so simple !"

Oilman.

As usual you have chosen to miss the point.

The programme shows a 15 month duration from start to finish.

Within that 15 months that Norwegian rig has less than 4 months work.

If there is a problem there is more than 11 months float in there.

And why do you keep saying that everything is simple.

I've already told you that everything isn't simple Oilman. It's why 30% is built into both budgets and programmes for contingencies, and it's why we employ qualified experienced experts.

Developing an oilfield would only appear simple to someone who doesn't have the experience to understand what's involved.

Clearly you fall into that category.

Just let the experts get on with their jobs Oilman.

You're like a big girls blouse.

[chinese_takeaway] 22/3/2019 16:25

I know there's some irony there

[chinese_takeaway] 22/3/2019 16:21

He really needs psychiatric help

[clinicallyobeseandthicktony] 22/3/2019 16:14

Over 2 years of ongoing PSC negs continuing......yadadayada Then the proposed 58% becomes obsolete as of june 2018 as"negotiations have evolved"Dec 2018 PSC negs no longer even mentioned :) Jan 2018 WI =80% no less even "IF" the PSC was amendedBoooooooooooom

[clinicallyobeseandthicktony] 22/3/2019 15:41

About to announce one of the biggest oil m and a transactions of the decade and clown talking Work overs ???Lolololol

[clinicallyobeseandthicktony] 22/3/2019 15:20

Work oversLololololololo

[guypender] 22/3/2019 15:08

KARMA TESS KARMA

[clinicallyobeseandthicktony] 22/3/2019 15:04

Everyone here is more bullish on sale price than me :)I'm just trying to be prudent Wouldn't want to be accused of ramping Tess £121Bigdog £148 X Atino £ 126 X MC fly £ £88Me £56 X Broadfraud £192Clinically obese thick tony £80 Mark AndTellme £225 akaChocolate Chip cookie £ 65 Welshki £112X

[clinicallyobeseandthicktony] 22/3/2019 15:03

Straightforward stuff:XJuly 16 Restructuring destroyed hostile stake allowed real TRUE auctionSept 16 Gabriel appointed as commercial director to oversee m and a Dec16 Sinopec approaches plus other bidders , flags start of auctionPre Dec 17 winners granted exclusivity, huge tech DD begins on ShaikanFeb 18 staff all granted share options to share in sale bonanzaFeb 18 CITIGROUP begin ASR buyback of GKP stock collateralised by March 2018 pressure data logging and field simulation modelling completed Sept 2018 deal commercial terms agreed Oct 1 2018 lead M and A lawyer lands to oversee legal contrac sale deliveryFeb 2019 D - 28 begins takeover scheme and court hearings arrangedFeb/March 2018 formal irrevocable agreements from major shareholders acquired2019 MARCH TBC Proxy buyback and equity concentration announced TBC Sale by scheme announcement March/April Sale scheme implementation April GKP Delisted x

[clinicallyobeseandthicktony] 22/3/2019 15:03

Obviously (or FD needs p45) they have used excess cash to buyback stock to retire25%? = 175m shares at saleEach $1bn = £4.30/share2P not pubic domain but on 700 2p/2c$8/boe $5.6bn =£ 24 $22/boe $15.4bn = £ 66X

[clinicallyobeseandthicktony] 22/3/2019 15:02

Mcfly reckons sale done at 88 quidMakes sense But a bit toppyMore prudent would be £72 quidX

[clinicallyobeseandthicktony] 22/3/2019 15:02

Everyone here is more bullish on sale price than me :)I'm just trying to be prudentWouldn't want to be accused of rampingLet's hope all my co investors are right though :) Bigdog £48 X Atino £ 126 X MC fly £ £88Me £56 X Broadfraud £192Clinically obese thick tony £80 Mark AndTellme £225 akaChocolate Chip cookie £ 65 Welshki £112Xx

[clinicallyobeseandthicktony] 22/3/2019 15:02

Everyone here is more bullish on sale price than me :)I'm just trying to be prudentWouldn't want to be accused of rampingLet's hope all my co investors are right though :) Bigdog £48 X Atino £ 126 X MC fly £ £88Me £56 X Broadfraud £192Clinically obese thick tony £80 Mark AndTellme £225 akaChocolate Chip cookie £ 65 Welshki £112Xx