Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 21/6/2020 15:50

I imagine that once the HCL is signed off ( fingers crossed soon ) it will take about 6 months of regular budget payments before a MOC would move in for a large M&A deal. Any sooner and it might look a tad rash to some major holders / pension funds , what do you think ?

[beernut] 21/6/2020 15:04

Sounds promising

Kurdisan's three presidencies to finalize the salaries problem
Kurdistan
2020/06/21 13:35:33
A- A A+
Shafaq News /A meeting of Kurdistan's three presidencies is scheduled on Monday, to issue a final decision on the salaries and financial dues of the employees and workers in the public sector.

The decision of the previous federal government, headed by Adel Abdul-Mahdi, to cut off the salaries of the public sector employees and workers in Kurdistan Region, caused a crisis, especially in the light of Covid-19 outbreak, the drop in oil prices and the closure of border crossings.

However, Kurdistan Regional Government seeks through negotiations with the current Iraqi government, headed by Prime Minister Mustafa Al-Kadhimi, to resolve disputes between both parties, especially the ones regarding the salaries and the export of oil.

[0ili0] 21/6/2020 14:55

Sarah, does Jeremy know you're a fake? Where's the real Mrs Oilman?

[chinese_takeover] 21/6/2020 14:37

Lansdowne, forcing the deal?They,Astaris, UBS, Hof Hoernerman all still adding..... And now US based Hedge fund Algert Global emerges with over 6,000,000 shares added past 5 months Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday. $4-8 BN price tag imo £15 -30/share

[chinese_takeover] 21/6/2020 14:36

Algert Global stake over 6,000,000 actually now up to 2.92%as at June 1#GKPDeal ( in public) nears Voleon capital built short posn to help hedge fund mates build a 2.84% Alhert Global rather bigger LONG position of now near 3% ( hit top ten from know where ?)Berkeley Yankee "Quants" you gotta love themT/0 ( poss hostile battle ) incoming?

[mcfly02] 21/6/2020 14:26

You can put as much lipstick on this as you want but all is not as it seems !

The proof will come in a company news release (RNS) When I don't know but it will come !

Remember private shareholders are the last to know.

Covid bought them time.

[nestoframpers] 21/6/2020 12:44

surreyscot

Posts: 2,176

Price: 96.70

Strong Buy

PROJECT COSTSToday 12:01
The GKP capex figure was stated by GKP as $160m - $180m gross for 55k bopd excluding contingency. The GKP share of that was $130m to $150m.

The 2019 net GKP capex spend was $90m. Therefore if we assume that little or none of the earlier 2018 capex was directly connected with the 55k bopd programme, there was some $40m to $60m of capex remaining for GKP to spend in 2020.

GKP said on Friday that “Capex for 2020 remains in the range $40 - $48 million (net), a 50% reduction compared to 2019, of which $30 million (net) had been spent by the end of April 2020.” Interestingly, this net $40m to $48m figure is essentially the same as the above remaining spend figure as derived by subtraction.

By subtracting the $30m Jan-April “capex already spent figure”, the balance is then $10m to $18m for the rest of 2020. This looks to be the sum required to complete the 55,000 bopd programme. This is supported by that programme having been due for completion very soon, before the work was suspended. Whatever the precise number, the amount of work required is not great.

The unfortunate thing from a project viewpoint is that the work was suspended at the 11th hour, like an almost-completed jigsaw puzzle. That said, cash has been preserved, costs have been cut and will hopefully be kept down in future, and the additional c. 20k bopd of Shaikan oil is not being sold from the reservoir at fire-sale prices.

From a Project Management perspective completing the 55k bopd upgrade is relatively simple .

Its just a matter of patience now

[highlander7] 21/6/2020 12:17

Cumon Oilio LOL

You have been here long enough with these clowns to know this scaremongering is standard practice with them ,when good news is around the corner.

[urals] 21/6/2020 10:00

Lansdowne, forcing the deal.They,Astaris, UBS, Hof Hoernerman all still adding..... Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday. $4-8 BN price tag imo £15 -30/share

[urals] 21/6/2020 09:59

Albert Global stake over 6,000,000 actually now up to 2.92%as at June 1#GKPDeal ( in public) nears Voleon capital built short posn to help hedge fund mates build a 2.84% Albert Global rather bigger LONG position of now near 3% ( hit top ten from know where ?)Berkeley Yankee "Quants" you gotta love themT/0 ( poss hostile battle ) incoming?

[amaretto1] 21/6/2020 09:41

May have a problem ... Turks are bombing Kurds

[0ili0] 21/6/2020 08:48

As cutthecagain would say, " Do it oilman!"

[chinese_takeover] 21/6/2020 08:20

#GKPDeal ( in public) nears Voleon capital built short posn to help hedge fund mates build a 2.84% Albert Global rather bigger LONG position of now near 3% ( hit top ten from know where ?)Berkeley Yankee "Quants" you gotta love themT/0 ( poss hostile battle ) incoming?

[urals] 21/6/2020 07:26

Lansdowne, forcing the deal.They,Astaris, UBS, Hof Hoernerman all still adding..... Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday. $4-8 BN price tag imo £15 -30/share

[urals] 21/6/2020 07:23

Steephill, the defences force hands. Expect a friendly or hostile battle shortly. Lansdowne know. Perella Weinberg helped save GKP with a Flip In Poison Pill & Crown Jewels defence via GKP shares purchased at a substantially reduced prices; combined with a White Squire defence where GKP shares were placed with a friendly party. We have subsequently seen Leveraged Recapitalisation via GKP Dividend Distribution & reinvestment combined with GKP Stock Repurchase. Yesterday we saw the cancellation of all bar 1 million shares of the stock repurchase. Perella Weinberg will be prepared to work through many more Anti Takeover defences to drive out fair share price value in GKP at the point of final takeover :-)

[steephill cove] 20/6/2020 23:45

While we wait forever for McFly02 & his big reveal...Perella Weinberg helped save GKP with a Flip In Poison Pill & Crown Jewels defence via GKP shares purchased at a substantially reduced prices; combined with a White Squire defence where GKP shares were placed with a friendly party. We have subsequently seen Leveraged Recapitalisation via GKP Dividend Distribution & reinvestment combined with GKP Stock Repurchase. Yesterday we saw the cancellation of all bar 1 million shares of the stock repurchase. Perella Weinberg will be prepared to work through many more Anti Takeover defences to drive out fair share price value in GKP at the point of final takeover :-)

[steephill cove] 20/6/2020 23:40

More tumbleweed....