Gulf Keystone Petroleum Share Discussion Threads

[atino] 23/3/2019 12:20

(Snippet, Amazon) The prose is nicely jargon free and an easy read especially for those with a bit of background knowledge of the energy industry. As long as you're aware of Yergin's orientation - which is basically pro oil company and anti "peak oil" 💭💭💭

[clinicallyobeseandthicktony] 23/3/2019 11:30

Yes CORRECT he was parachuted in to deliver the m and aGabriel Papineau-Legris Commercial Director of GKP. Formerly investment banking at Perella Weinberg Partners advising oil majors, E&P companies and governments on M&A and restructuring transactions...Tells you all you need to know and a friend of Daniel Yergin...the Pulitzer Prize-winning author of The Prize: The Epic Quest for Oil, Money, and Power.Daniel Yergin who was also advising GKP via Perella Weinberg.You don't invite & then secure the ear & thoughts of such a man unless it's something of strategic importance on the world stage.Shaikan is a new modern day "supergiant" field, that has been bitterly fought for by both fair means & foul.And a monster that is untapped still in the Cretaceous; Triassic & more importantly the Permian.The truth will one day come out, but until then it's an imminent sale with secrets locked down.

[clinicallyobeseandthicktony] 23/3/2019 11:28

ATINO Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 172m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal  buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delistedx

[broadford bay] 23/3/2019 11:27

Stockport Loser,

the dreamers here will never acknowledge your arguments - it doesn't suit their pumping & dumping strategy.
They particularly refuse to acknowledge that the PSC gives you:
1. A $/bbl Profit (Profit Oil currently around $3/bbl - $3.50/bbl), plus
2. Return (a slow return) of your invested Capital as Cost Oil.
Note that the future Capital to be invested night not be your own but might have to be borrowed, yet again.

The fact that accountants can make (are allowed to make) the return of capital already-invested appear magically in your books as some sort of "Profit" should not blind you to the facts of the matter.

The MNR PSC is NOT particularly attractive with oil prices around where we currently are - especially taking into account the SH quality factors.
It can be VERY attractive when investing heavily and with a government partner who can return your capital quickly in accordance with the signed agreement.

That does not appear to be the case at present.

I agree with your $3/bbl - $3.50/bbl on the P2 Reserves figure, before hitting it with an NAV%. I would say that, notwithstanding any benefits resulting from an amended contract, the company is more or less fairly valued by the market at the moment.

Having said all of that of course, any high offsetting figure (historical sums owed or Capex return) agreed with our government partners will result in positive perceptions taking a hit - despite any longer-term positives that might be contained in any such modified agreement.

Positives vs Negatives are probably reasonably well-balanced at the moment - which begs the question, what would it require to trigger a $M breakout from a dull, boring performance state?

[steephill cove] 23/3/2019 11:24

Gabriel Papineau-Legris Commercial Director of GKP. Formerly investment banking at Perella Weinberg Partners advising oil majors, E&P companies and governments on M&A and restructuring transactions...Tells you all you need to know and a friend of Daniel Yergin...the Pulitzer Prize-winning author of The Prize: The Epic Quest for Oil, Money, and Power.Daniel Yergin who was also advising GKP via Perella Weinberg.You don't invite & then secure the ear & thoughts of such a man unless it's something of strategic importance on the world stage.Shaikan is a new modern day "supergiant" field, that has been bitterly fought for by both fair means & foul.And a monster that is untapped still in the Cretaceous; Triassic & more importantly the Permian.The truth will one day come out, but until then it's an imminent sale with secrets locked down.

[cpap man] 23/3/2019 11:17

KAV



jone0620 Mar '19 - 09:04 - 194 of 196

Skiboy, thanks for the updates. I, like most, are patiantly waiting for drill results. The spread remains high which is keeping the day trading heard away but that will likely change if the get some exceptional core samples

Skiboy1020 Mar '19 - 20:45 - 195 of 196

Hi jone06 - hopefully not too long to wait. Michael Foster said in a recent interview he was expecting results by month end. So maybe we'll see something before the end of next week.

jone0620 Mar '19 - 21:44 - 196 of 196

Pre drill resource stocks are always a punt. KAV are well funded for the year and with geophysics advancement since Tony Robinson's time team as they are then drill bit location becomes more accurate.

SOLG demonstrated this in Ecuador to great effect. A similar performance here would be very nice indeed.

[0ili0] 23/3/2019 11:11

Careful Antino, hedge funds known to post here.

[clinicallyobeseandthicktony] 23/3/2019 11:04

ATINO Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 172m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal  buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delisted

[atino] 23/3/2019 11:02

Don’t worry 😉 T_C (...we’re on the same page, until THEN ! 😤)

[clinicallyobeseandthicktony] 23/3/2019 10:50

OBVIOUS Its just how much and who the buyer(s) areCnpc odds onATINO Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 172m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal  buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delisted

[clinicallyobeseandthicktony] 23/3/2019 10:49

Technicals apparently stronghttps://twitter.com/Paul47293202/status/1109394592393248770?s=19Clowns that can't stop here less soLolololol

[atino] 23/3/2019 10:45

The only thing I can confirm...(is that as soon as we enter into the £3 “fertile”; lands)

...I WILL LOOK TO SHORT THIS SHARE “SOMEWHERER21; 😤

Just observing where...this “upward puff” momentum...runs out currently 😉

[stockport loser] 23/3/2019 10:27

I have a degree in economics Paul so perhaps i know a little more than you.You only take the information you want to hear, lift costs are low but when you add pipeline and quality discount as cost of sales then Gkp is far higher than most producers, very high in actual fact.They also have lower oil prices due to KRG crudes prices and cannot hedge any production.I am not sure what the profit oil / cost oil split is but taking this into account and the infrastructure tax its difficult to get the value over $5 per boe even applying a low NAV percentage.Show us your calculations if mine are so wrong.

[clinicallyobeseandthicktony] 23/3/2019 10:02

https://twitter.com/Paul47293202/status/1109394592393248770?s=19

[clinicallyobeseandthicktony] 23/3/2019 09:02

AgreedOBVIOUS Its just how much and who the buyer(s) areCnpc odds onATINO Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 172m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal  buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delisted

[chinese_takeaway] 23/3/2019 08:59

Atino Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 172m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delisted

[atino] 23/3/2019 08:51

Bet...this fella can palm read 🖐🏻 too 🤦‍a94;️
How’s the money line 😉 ??


...I’m still awaiting for your job...”references, links, of supporting statement” 😤 to your CLAIMS 🤦‍a94;️💭💭

[atino] 23/3/2019 08:48

A...“TBC”;...(to be confirmed)...daydreamer 😂

[atino] 23/3/2019 08:46

“Your maths plus your wholly childlike grasp (mistaken grasp) of E and p economics is absurdly amusing”



Lol...looks who’s talking & spamming (...printing out their illogical FALLACY, every second !) 😂

[clinicallyobeseandthicktony] 23/3/2019 08:31

Fat - Tony Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 172m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delisted

[clinicallyobeseandthicktony] 23/3/2019 08:22

Fat - Tony Confirms *SOLD RNS NEXT WEEK*===================================Obviously (or FD needs p45) they have used  proxy Citibank utilising excess cash to buyback own  stock to retire25% retired would  = 165m shares at sale (let's hope they have bought more than 25%)Each $1bn paid at sale  = £4.30/shareTRUE 2P not  pubic domain but on 80% WI 700 2p/2cHow much per boe reserve? *LOW $8/boe  $5.6bn  =£ 24 *HIGH $22/boe $15.4bn = £ 66$14/boe was the metric in Shell buy of BG,  TOTAL deal buying MAERSKJuly 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 ShaikanPre Dec 17 both sides enter implementation agreement company operations put in holding patternFeb 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 announcedTBC Sale by scheme announcement *March/April Sale scheme implementation *April GKP Delisted

[clinicallyobeseandthicktony] 23/3/2019 08:21

The lift costs are the lowest in the world.... Hence a very very high $/boe much more likelyYour maths plus your wholly childlike grasp (mistaken grasp) of E and p economics is absurdly amusing=======How can you have a price of $22boe when they don't even make that in profit you thick clown.They are taking off $21 just for sludge discount and pipeline. Not to mention swiping 40% for tax - separate from the 10% standard tax. What KRG crude discount to Brent? What's the anticipated NAV% discount for buying in a corrupt shut hole? $3 is about right for 2P, 2C is far less.==================