Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 26/3/2019 15:17

I'M JUST DECANTING A BOTTLE OF

CHATEAU PAS DE VENTE

[chinese_takeaway] 26/3/2019 15:16

It's what it sells for that matters to MPHDouble figures comfortable

[dudishes] 26/3/2019 15:12

One loser continues to price this at 2- almost 3p.

It was offered at 0.89p, probably not John's target, but not bad at £2.60. We & Institutions think otherwise, but of course, we are only here for profit.

Been damn good to now.

[chinese_takeaway] 26/3/2019 15:09

Lolololol Its Bigdog o'clock Bigdog #22, 682 negative posts finally sees the light and reiterates "CONVICTION BUY" *SOLD by Thursday*=====================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 (MOL value Shaikan reserves at $8/boe) *HIGH $22/boe $15.4bn = £ 66 (WZR neighbours sold at $22 equivalent) $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] 26/3/2019 15:09

Reinforcements

[stockport loser] 26/3/2019 15:07

Sold by 2030, few more placings and consolidations yet.
The BOD and KRG pigs need more snouts in the trough for a good few years

[chinese_takeaway] 26/3/2019 15:03

Lolololol Its Bigdog o'clock :) weather good across the pond? Bigdog #22, 682 negative posts finally sees the light and reiterates "CONVICTION BUY" *SOLD RNS THIS 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 (MOL value Shaikan reserves at $8/boe) *HIGH $22/boe $15.4bn = £ 66 (WZR neighbours sold at $22 equivalent) $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] 26/3/2019 15:02

Sold before Easter

[bigdog5] 26/3/2019 14:57

I wonder what BS the Chinese takeaway will offering up in a few days time. Perhaps they will be speaking with frenchfraud and welshy for some advice whilst they ride the baggage compartment on the company gravy train. Such an expensive ticket:-)

[chinese_takeaway] 26/3/2019 14:42

Lolololol Its Bigdog o'clock :) weather good across the pond? Bigdog #22, 681 negative posts finally sees the light and reiterates "CONVICTION BUY" *SOLD RNS THIS 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 (MOL value Shaikan reserves at $8/boe) *HIGH $22/boe $15.4bn = £ 66 (WZR neighbours sold at $22 equivalent) $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

[bigdog5] 26/3/2019 14:39

I wonder how they will explain away why S1 took over 2 months when it was meant to be a few days. What's happened to S3? How are S4 and S5 doing bearing in mind their locations and the fact that all the new wells are destined for the middle of the licence:-)

[clinicallyobeseandthicktony] 26/3/2019 14:36

Lolololol Its Bigdog o'clock :) weather good across the pond? Bigdog #22, 680 negative posts finally sees the light and reiterates "CONVICTION BUY" *SOLD RNS THIS 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 (MOL value Shaikan reserves at $8/boe) *HIGH $22/boe $15.4bn = £ 66 (WZR neighbours sold at $22 equivalent) $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

[bigdog5] 26/3/2019 14:33

With the right amount of hype and spin there's the potential to push the share price through 3p, as I mentioned a few weeks back. Also, I've pointed out to you morons Peel are using $3pb for their £3.80ish opinion. So, with some massaged numbers and more hype on the 110k a day in 5/6 years time it's very possible. But will it keep rising on the hype or fall away again just like it did last year when the "issues" kicked in and the delays occur and the targets get missed as they did and always do.

[clinicallyobeseandthicktony] 26/3/2019 12:48

This will leap to £double figures plusMissing out £3

[atino] 26/3/2019 12:45

...things are looking good for this...GKP 😉 Good relationship building 👍 where’s the next leg up - this £3 territory ???

[clinicallyobeseandthicktony] 26/3/2019 12:07

Lolololol Its Bigdog o'clock :) weather good across the pond? Bigdog #22, 679 negative posts finally sees the light and reiterates "CONVICTION BUY" *SOLD RNS THIS 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 (MOL value Shaikan reserves at $8/boe) *HIGH $22/boe $15.4bn = £ 66 (WZR neighbours sold at $22 equivalent) $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] 26/3/2019 12:01

(Quote) “Why I think the GKP share price could be the best oil stock bargain of the decade” 🙇

In the depths of the oil price slump, I was pondering how best to play the recovery that I was confident would happen. The best long-term approach, I reckon, is to buy shares in BP or Royal Dutch Shell, put them away and just forget about them.

But I also fancied a more geared prospect, albeit with more risk, with a small amount of my cash. I went for Premier Oil (LSE: PMO), but I can’t help feeling that Gulf Keystone Petroleum (LSE: GKP) could be the best mid-cap oil prospect out there right now.

Updates

Since I last looked at GKP in January, we’ve seen Shaikan payments continuing nicely, with a total of $35.3m being paid by the Kurdistan Regional Government for crude oil sales during November and December 2018.

But the firm’s update earlier this month made for more interesting reading. The 2019 de-bottlenecking programme at Shaikan is on track to achieve a production target of 55,000 bopd by the first quarter of 2020. And a new pipeline should be completed by the middle of this year, which will eliminate the need for trucking of crude oil.

Combined, those two developments should make for smoother and less risky production and shipping.

The firm’s relationship with the Kurdistan Regional Government is continuing to look healthy too, as the two parties have signed a renewal of their crude oil sales agreement, which is now effective up until 31 December 2020.

And even though production was hit in the first quarter by work to install larger bore tubing to enhance production, the company is still expecting to record gross average production of 32,000 to 38,000 bopd in 2019.

Premier

The big story at Premier Oil has been full-year results released in early March, which chief executive Tony Durrant summed up with: “2018 saw higher production, positive free cash flow and a return to profitability,” and that “the group is ahead of plans to restore balance sheet strength and remains focused on consistently delivering free cash flows.”

With Premier’s focus necessarily being on its debts, that has to be good news.

The company achieved a record production of 80.5 kboepd, and posted an after-tax profit of $133.4m — and that’s a much better result than 2017’s post-tax loss of $253.8m.

Cash

Operating cash flow grew by 64% to $777.2m, and that helped get year-end debt down to $2.3bn from $2.7bn a year previously.

Premier is certainly not out of the woods yet, with the oil price only tentatively holding up at still under the $70 per barrel that I’d feel more comfortable with. World production is still expected to be in surplus throughout 2019, and any fall in demand as global economic growth appears to be slowing would exacerbate that problem.

Future oil price weakness would put more pressure on smaller oil companies, but as my colleague Roland Head estimates, Premier should be cash flow positive at about $45 per barrel.

I think that provides a sufficient safety margin for Premier Oil shares, and I’m becoming more confident that I’ve made a good 10-year investment.

[dm2000] 26/3/2019 11:34

Relentless buys going through

[chinese_takeaway] 26/3/2019 11:24

To buyerOr GKPThere is going to be some innovation in the exit PWP

[officerdigby] 26/3/2019 11:16

So capital sold 25%......Because of take over...OK... makes totalSense....