Gulf Keystone Petroleum Share Discussion Threads

[urals] 19/6/2020 13:32

WowCancelled all Treasury shares bar 1m.

[highlander7] 19/6/2020 12:46

Dont worry SC he will go back and edit that post.

Like he does with the rest.

LOL

[chinese_takeover] 19/6/2020 12:43

What's 2 years steep hill,??

[steephill cove] 19/6/2020 12:21

McFly02:- I repeat 2 years. Well that's what they told the staff they sacked.

Thats his Goatcam gone for a burton!

Comedy Gold :-)

[pensioner2] 19/6/2020 11:38

Looks like a good share price day today. 1M by 12.00 and some big buys (transfers) gone in.

[shortsqueezer] 19/6/2020 11:28

Nest it's amazing! We normally drop !

[nestoframpers] 19/6/2020 11:27

Up 2% what a roaring success the AGM was.

[chinese_takeover] 19/6/2020 10:54

Agree Thick TonyJune receipt for May sales average Brent 29.38At 36k, should rec about 9m gross 7.2m netJuly receipt should be a lot higherI'd have July receipt at about 20m gross 16m net if Brent averages 40, its 42.5 currently

[chinese_takeover] 19/6/2020 10:54

Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting.

[chinese_takeover] 19/6/2020 10:53

Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ?

[chinese_takeover] 19/6/2020 10:53

Very early start dog

[bigdog5] 19/6/2020 10:50

No takeover Paul, you're a busted flush.

Dividends? Buybacks cancelled are they?

I believe the ex and failed Guru will have to eat his words yet again like he was always having to do in the old days.

His desperate spin is real amusing innit.

How's the CPR and FP looking nestofBS, lol.

[chinese_takeover] 19/6/2020 10:44

Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ?

[chinese_takeover] 19/6/2020 10:44

Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting.

[chinese_takeover] 19/6/2020 10:44

Agree Thick TonyJune receipt for May sales average Brent 29.38At 36k, should rec about 9m gross 7.2m netJuly receipt should be a lot higherI'd have July receipt at about 20m gross 16m net if Brent averages 40, its 42.5 currently

[chinese_takeover] 19/6/2020 10:43

Very early start dog

[bigdog5] 19/6/2020 10:41

Desperate survival mode.

All those staff dumped but the BoD troughs on.

With all those staff dumped just how will they be able to quickly progress to 55k a day? Only the ramping morons will suck that load of BS up.

I note that their main Insti has put a man back into the company. That speaks volumes, could it be that they're starting to not trust what they're being informed about?

There appears to be a lack of info as regards S12. Are they keeping quiet about it? Is there a problem with it?

Methinks they've been very economical about how serious the situation is. But the hype is there as always, the jam sometime possibly well down the road. But almost certainly never. They say they can easily and quickly move back to progress and unlocking the value of the field. With all those staff dumped? Only suckers will believe that load of BS. This is a company that is going nowhere for a long time and is well overpriced now.

All those "best financial brains on the planet" are taking a long time to wake up to what's in front of them.

Hey Paul, no takeover still,

[urals] 19/6/2020 10:36

Agree Thick TonyJune receipt for May sales average Brent 29.38At 36k, should rec about 9m gross 7.2m netJuly receipt should be a lot higherI'd have July receipt at about 20m gross 16m net if Brent averages 40, its 42.5 currently

[chinese_takeover] 19/6/2020 10:32

Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting.

[chinese_takeover] 19/6/2020 10:32

Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ?

[chinese_takeover] 19/6/2020 10:31

From LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMO

[mcfly02] 19/6/2020 10:26

My unedited post from last night after 9pm

So how much did I get wrong Highlander/SlurryScot ???

And just to add not restarting work anytime soon translates into possibly 2 years !

I repeat 2 years. Well that's what they told the staff they sacked.


No FDP.

No CPR.

No Takeover.

No Farm in.

No shares cancelled.

No more buybacks anytime soon.

No re start of the work program for a very long time.

The company has let go the majority of the Kurdish staff.

Payments defaults and uncertainty within company statement.

And what I've just been told watch out for bad news on SH12 !

[chinese_takeover] 19/6/2020 10:21

From LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMOFrom LSE===============================================================================My more detailed comments on this morning’s RNS are as follows.* GKP is able to quickly move back to growth* Shaikan has “significant untapped valueâ€?, a comment which is consistent with previous repeated board guidance* production at 36,000 bopd looks fine in view of the COVID-19 effects* the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development (this is not in today’s RNS but is in a recent one, and appears to have been widely overlooked)* the drilling rig is not costing GKP anything and can be brought back onto drilling activities when required. There is no mention of using it for any workovers* the 55,000 bopd production programme remains a near-term priority* 2020 will have Opec and G&A spend more than 20% below the 2019 level, and the ongoing rate will exceed 30%* 2020 Opex will have been substantially reduced to between $2.7 to $3.1 per barrel, one of the lowest in the world* capex for 2020 will be just $10m to $18m for April to December 2020, by which time PF-1 and PF-2 will have a combined capacity of 55,000 bopd (see GKP website)* the KRG are described as settling invoices during the month after which they are submitted. The only outstanding KRG payment issue is the $73.3 million sum for the November 2019 to February 2020 period* the cash balance of $144 million will be supported by the monthly KRG production payments going forward and in addition there is the owed $73.3 million sum to be taken into account* the reappointment of Garrett Soden is significant. He now represents major shareholder Lansdowne Partners, who have pretty obviously told GKP that they require direct representation on the board. Lansdowne very publicly previously displayed their anger regarding the bonus payments due to Jon Ferrier etc.* the company is described as financially resilient* restated GKP commitment to paying Dividends.All in all a very sound, low-spend position which few oil companies can match during these challenging times. With one of the lowest lifting costs in the world, GKP is surely very well-placed.IMO