Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 09/7/2020 17:16

Chickens coming home to roost for the naïve delusional clueless rampers methinks.

So deserved.

[bigdog5] 09/7/2020 17:09

"Dangerous fantasists do".

And you would know that because the cap fits snuggly on your head.

Leave it to the experts lofl. Any of them left?

Been telling you naïve clowns for ages that after 11 years the "experts" still have no idea about the field. The truth is out there but will they come clean before the dam breaks?

[shortsqueezer] 09/7/2020 17:06

They just won't let it rise above a quid will they! ......

[bigdog5] 09/7/2020 16:57

Doesn't look good for the frozen payments to the company.

The last great frontier.

It has been for all the companies that have gone out of business out there.

But we can take some positives from that as those at the top of the food chain will be just fine.

[broadford bay] 09/7/2020 16:19

Just out on Bloomberg:

Glencore Restructures $500 Million Oil Loan with Iraqi Kurdistan
By Javier Blas and Jack Farchy
9 July 2020, 12:46 BST

Glencore Plc has restructured a $500 million oil-for-cash loan to Kurdistan in northern Iraq, reducing payments for 2020 as the semi-autonomous region struggles due to low petroleum prices.
The so-called prepayment deals, in which a trading house advances a government money to be repaid with future oil shipments, have been popular among some African and Middle Eastern producers with few others ways of raising funds. But they have also proved controversial, in some cases creating an opaque form of debt that puts governments’ finances under strain when oil prices drop.
The restructuring was announced via a regulatory filing on the Cayman Islands Stock Exchange, where debt notes linked to the Kurdish loan are listed.
After oil plunged earlier this year, Kurdistan struggled to repay its oil-for-cash debt, as did the likes of Chad and the Republic of Congo. The loans are paid back with oil cargoes. If crude prices fall, countries need to divert more barrels to keep up with the payments.

New Terms
Glencore, the world’s largest commodity trader, lent the money to the Kurdistan Regional Government in January 2017, with repayments starting three years later.
Under the new terms, the KRG will repay the loan at a rate of $3 million per month between June and November, compared with an original repayment schedule of $20.8 million per month, according to the July 8 regulatory notice. FROM DECEMBER 2020 UNTIL DECEMBER NEXT YEAR, THE KRG AGREED TO INCREASE ITS MONTHLY REPAYMENTS TO ABOUT $29.9 MILLION.
The restructuring will affect global investors, including U.S. pension funds, because they bought five-year notes known as Oilflow SPV 1 DAC linked to the KRG loan. The notes, which have a 12% coupon, fell to a record 74 cents on the dollar in April and the yield rose above 60%, according to data compiled by Bloomberg.
The price has since climbed to about 94 cents, partly because Brent crude’s more than doubled in that period with the easing of coronavirus lockdowns. At $43.46 a barrel, Brent’s still down 34% this year.
A majority of investors in the notes approved the restructuring terms on Tuesday, according to the regulatory filing.
A Glencore spokesperson declined to comment and a representative of the Kurdistan government didn’t immediately respond to a request for comment.

(CAPS are mine)

[0ili0] 09/7/2020 15:56

SarahOilman, has Jeremy put you up for all this madness?

[habshan] 09/7/2020 15:05

Habshan - "Cores don't lie."

Sarah - "And nether does testing"

Dangerous fantasists do.

[thicktony] 09/7/2020 14:58

#GKPUS hedge funds appearing top 4 holders increasing MM try to suppress market share price as big hitters fill up pre incoming takeover John Paulson legend M+A now holds few million shares via Bright SpherePrecision Capital another US Hedge appears all of a suddenhttps://t.co/zMByo3zL4k

[thicktony] 09/7/2020 14:58

#GKPMajor US hedge investor via Bright Sphere holding 6,000,000+ hereJohn Paulson and his company specialize in "event-driven" investments-i.e. in mergers, acquisitions, spin-offs, proxy contests, etc.-and he has made hundreds of such investments throughout his career. Many of the events involved merger arbitrage.

[thicktony] 09/7/2020 14:57

WHY THE TROLLS and CONDOG, BROADFRAUD ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and MCFRUITLOOP ,PATRIOTIC PADDY, BROADFRAUD etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it

[urals] 09/7/2020 14:43

WHY THE TROLLS and CONDOG, BROADFRAUD ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and MCFRUITLOOP ,PATRIOTIC PADDY, BROADFRAUD etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it

[mcfly02] 09/7/2020 14:31

And nether does testing 🤡

Go and ask the experts for the latest results and tell them Tony has sent you.

They know that I know !

Go on go and ask.

[bigdog5] 09/7/2020 14:26

Any sign of the agreement for 250k a day yet that was supposed to have been agreed weeks ago?

Getting excited about getting back to 1p down from £4.60 when the Penge street gang were piling in with £'s, lofl.

Those reserves are disappearing rather fast even at a paltry 36k a day.

For three shards read a bungalow?

The truth is out there, when will they come clean?

Many know all is very far from being just fine.

When will the dam break:-)

[0ili0] 09/7/2020 13:31

100p close.

[pensioner2] 09/7/2020 13:06

It's going up, Muttley, and your ranting seems to be helping it. Carry on. :):):)



Please? :):)

[0ili0] 09/7/2020 13:01

Same house...

[0ili0] 09/7/2020 13:01

"Too many of us know"...that'll be the Goatcam network subscribers. They all live in the same anyway, so I'll not be overly bothered by anything they say.

[habshan] 09/7/2020 12:33

Courtesy of owenjones on LSE:-

"Surreyscot, there is evidence from multiple Drill Stem Tests, and from rapid communication in interference tests between producing wells, that the fractures currently serve as the main conduit for flow and productivity in the Jurassic reservoir. Fracture size impacts fracture connectivity, which in turn impacts reservoir flow and productivity. Bigger fractures with larger apertures tend to dominate flow and connectivity and fractures are well connected far from the borehole. The majority of wells show mid-to-late radial flow, indicating a well-connected fracture network. The huge productivity Indices and rapid communication of the Shaikan wells has been explained as being because they may be linked by a single massive fracture, LOL! But perhaps that is inferring that Shaikan it is just one huge cave system with ‘a few rocks thrown in’!
An average FP calculation of 0.4% does not seem to correlate with the evidence! Perhaps they have divided that by 10 as well."

[0ili0] 09/7/2020 12:26

Are there any coins in bigdog's Porsche 911 jar?

[urals] 09/7/2020 12:22

#GKPMajor US hedge investor via Bright Sphere holding 6,000,000+ hereJohn Paulson and his company specialize in "event-driven" investments-i.e. in mergers, acquisitions, spin-offs, proxy contests, etc.-and he has made hundreds of such investments throughout his career. Many of the events involved merger arbitrage.

[urals] 09/7/2020 12:20

#GKPUS hedge funds appearing top 4 holders increasing MM try to suppress market share price as big hitters fill up pre incoming takeover John Paulson legend M+A now holds few million shares via Bright SpherePrecision Capital another US Hedge appears all of a suddenhttps://t.co/zMByo3zL4k

[urals] 09/7/2020 12:19

WHY THE TROLLS and CONDOG, BROADFRAUD ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and MCFRUITLOOP ,PATRIOTIC PADDY, BROADFRAUD etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it