Gulf Keystone Petroleum Share Discussion Threads

[chinese_takeover] 19/6/2020 15:37

So Perella have , concentrated all holder s by 8.5%, stripped absurd option levels down to whatever buyer and seller agree,via the LTIP resolution. Corporate engineering magic.Sale could be as early as Monday.However the next masterstroke BEFORE SALE would be another BUYBACK PROGRAM, buying straight to cancellation,and yet more concentration.

[chinese_takeover] 19/6/2020 15:36

Read the LTIP plan changesThey could award any and all existing LTIP holders whatever they want , number of of options already awarded and strikes no longer matter.It's Perella Weinberg magic :)Fill boots ,might be sold Monday, but another BUYBACK PROGRAM better first

[officerdigby] 19/6/2020 15:33

LTIP recent awards was ~ 2m for board and 2.2m for non board.So they have 1m in treasury why not 5m?Buyback again?I thought that would be crazy in present situation unless....

[nestoframpers] 19/6/2020 15:32

The Company continues to have 210,370,502 common shares


can someone tell me how many share GKP had pre restructure was it a bit less that 1 bill ?

[chinese_takeover] 19/6/2020 15:17

CorrectThat increases sale proceeds and /or div payout by 8.5%

[chinese_takeover] 19/6/2020 15:17

So Perella have , concentrated all holder s by 8.5%, stripped absurd option levels down to whatever buyer and seller agree,via the LTIP resolution. Corporate engineering magic.Sale could be as early as Monday.However the next masterstroke BEFORE SALE would be another BUYBACK PROGRAM, buying straight to cancellation,and yet more concentration.

[mcfly02] 19/6/2020 15:08

And just to confirm that GoatCam isn't reliant on Gulfs staff and is unaffected by the cuts !

They can sack the whole company and GoatCam would be unaffected.

Also the staff HAVE NOT BEEN PUT ON STANDBY they have been and are being terminated !

[pensioner2] 19/6/2020 14:47

The only way it'll sell for a fiver is if Lansdown and mates have a carve-up (imo). Then they could move it on for a realistic price to the ultimate buyer (if they've got the fire-power). We have to hope they don't all see eye-to-eye. Certainly something is going on.

[urals] 19/6/2020 14:34

PensionerThe Company is worth a fortune.Say it sells for a modest £5 next week IW 750, 000 options at 74p suddenly worth 3.5m for 5 months workNO.,because of that ltip resolution, they can be scaled back to whatever buyers agree sensible, as can all options :). Hence they don't need 18m...

[pensioner2] 19/6/2020 14:31

Hope you're right, Urals. Lansdown certainly have the power to dictate to Ferrier. No more troughing signalled by cancelling a load of options. BTW, why has trading dried up? Run out of shares?

[urals] 19/6/2020 14:23

Quite the reverse.Its either friendly,and agreed by over 50% already, or turns into hostile public auction.Either way nice. The ltip resolution a masterstroke

[pensioner2] 19/6/2020 14:17

True, Urals. But it's a bit worrying the amount of power in 2 parties hands now. This could yet be stolen.

[urals] 19/6/2020 14:13

PensionerNote he hasn't been put on board formally yet.....Funny that

[pensioner2] 19/6/2020 14:10

It means all shareholders get a slightly larger piece of the cake (including the big boys). Are they going to take it private at a massive premium to the last 3 months vwap? Their new board appointment looks as though they're going to become activist. A few new questions have arisen now imo.

[highlander7] 19/6/2020 14:06

Thanks Urals , Im glad somebody on here ( apart from Habshan and myself) actually knows what they are talking about.

[highlander7] 19/6/2020 13:57

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


(1) They were laid off - not sacked.
(2) All Project work is carried out by 3rd Party Contractors in any case NOT GKP staff
(3) Project work is ongoing not postponed for 2 years as this idiot told us.

He just soaks up any old nonsense they tell him.

[highlander7] 19/6/2020 13:54

Can one of you Corporate Finance guys explain what this actually means to Shareholders ?

[pensioner2] 19/6/2020 13:51

Steephill Cove19 Jun '20 - 12:21 - 608202 of 608209
0 6 0
McFly02:- I repeat 2 years. Well that's what they told the staff they sacked.

Thats his Goatcam gone for a burton!

Comedy Gold :-)
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They won't fire goatscam, sc. He's too valuable for misleading the trolls.

[urals] 19/6/2020 13:47

That increases sale proceeds and /or div payout by 8.5%

[habshan] 19/6/2020 13:37

The Company bought $50 million worth of shares which have been held in treasury. According to this, courtesy of Nobodyspecial on LSE, all but a small number of those shares are to be cancelled.

IW - “And then the final question that I have is “Can you explain how purchases of GKP shares at times of high oil prices for holding in treasury, are at low, at times of low oil prices value accretive to shareholders?”

Since the last AGM we’ve returned $50m to shareholder by way of share buy backs. We actually preserved those shares in treasury for the purposes of settling potential obligations related to the Value Creation Plan. As you’re all aware that vesting did not happen in the April May timeframe, so as a result we’re going to now move to cancel all but a small amount of those treasury shares”.