Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 28/7/2020 21:27

Difference being I've got a load of my predictions correct whereas all you clueless wonders have managed to get naff all correct.

The easy cheap and fast 55k a day imminent is it? New CPR? Rather strange that none of the Kozel barrels have been discovered, perhaps he was making them all up eh:-)

But then again the field has shrunk materially as I've been saying for a long time. And its so problematical to get the real heavy out innit:-)

The experts that you're all leaving it to, rehired are they, lol.

[urals] 28/7/2020 18:19

That could be the lowest volume for ??Years ?

[urals] 28/7/2020 18:19

#GKP 35% of shares in issue are unaccounted for Charlie Co subject to Bermuda Companies Act 1981 so owners of big chunks under no legal OBLIGATION to discloseNo doubt potential acquirers stakes make up lions shareLikely to go hostile as reserves hugely attractive to IOC

[urals] 28/7/2020 18:18

#GKP Sentiment against company been systematically battered on retail discussion boards 24/7 since Restructuring 4 years ago.Why?Goldman Sachs JPMorgan etc who now hold 95% in nominees, needed to force stock out of retail hands pre takeoverTick tock https://t.co/tPa8Um3WkO

[urals] 28/7/2020 18:18

That could be the lowest volume for ??Years ?

[bigdog5] 28/7/2020 18:02

You don't have any idea H7.

Re hired those they dumped yet in order to survive?

As for the finances you clearly don't understand the mechanics of the money in and money out.

No wonder you come to daft conclusions that exporting the gas, LOFL, will be cheaper than re injecting it.

Who busted more companies, you or the Stockport bore LOFL.

[thicktony] 28/7/2020 17:30

That could be the lowest volume for ??Years ?

[highlander7] 28/7/2020 15:33

Doggie , posting incoherant garbage like the above , just confirms your "blog idiot " status.

All Project Costing includes initial mobilisation and all resource costs. ( Including manpower )

Off you go.

LOL

[thicktony] 28/7/2020 14:45

#GKP Sentiment against company been systematically battered on retail discussion boards 24/7 since Restructuring 4 years ago.Why?Goldman Sachs JPMorgan etc who now hold 95% in nominees, needed to force stock out of retail hands pre takeoverTick tock https://t.co/tPa8Um3WkO

[thicktony] 28/7/2020 14:44

#GKP 35% of shares in issue are unaccounted for Charlie Co subject to Bermuda Companies Act 1981 so owners of big chunks under no legal OBLIGATION to discloseNo doubt potential acquirers stakes make up lions shareLikely to go hostile as reserves hugely attractive to IOC

[thicktony] 28/7/2020 14:44

From LSE++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++GKP advised that the company would be back in overall profit with an oil price of $36. Major current account cost reductions were being initiated when that announcement was made, which would achieve overall profit at a lower figure, probably around $30 a barrel.This latest payment of $7.6 million (net to GKP) is very encouraging. Compare it to the payment received by Genel - their net figure is $9.8 million. Were it not for the major unplanned COVID 19 interruption to GKP’s 55,000 bopd work programme GKP’s figure could have equalled that of Genel.This sort of monthly income, combined with major cost reduction and the insurance offered by the company’s cash pile, should allow GKP to continue production indefinitely.A strong position.So much for the 24/7 trolls on here who would have you believe otherwise.

[bigdog5] 28/7/2020 14:04

It would seem that the H&S moron has forgotten to add in the extra costs of re hiring all the staff that were dumped in order for the company to survive. Then there's the costs of the extra wells. How many of those will be needed as what are the facts surrounding S12 and S13:-)

New wells will require loads more "experts":-) Or will they be working for the privilege of just having a job in the "last great frontier?

Meanwhile Production and Reserves are falling by the day.

How the negotiations going between Erbil and Baghdad? Is there a problem, just like there's been for over a decade, lol.

[highlander7] 28/7/2020 12:51

" July payment should be about $2M higher than June, but doesn't change the overall picture much "


Broadfraud , I have explained to you a number of times how projects are funded. ( which doesnt suit your agenda of course )

The work is done by 3rd party's ( I used to work for one ) they invoice typically every 6 weeks ( but it can be longer by agreement )and for the past 4 weeks work.

So in effect GKP are paying a "mortgage" every month until the the project is completed.

Easily affordable with current cash and future earnings when they decide to restart the program.

[broadford bay] 28/7/2020 12:20

Cash accrual at this level of revenue ($7.6M) is only about $3M per month - and that's assuming no ongoing Capex expenditure.

The statement made: "...This sort of monthly income, combined with major cost reduction and the insurance offered by the company’s cash pile, should allow GKP to continue production indefinitely." is laughable.

The current cash pile is approx $140M - including the payment just received.

In view of the looming capital expenditure and even assuming the POO will remain around the $40/bbl level, the cash accrual is not great and will be insufficient to proceed with any significant expenditure - such as Gas Handling, push to 55Mbopd (new wells), etc.
July payment should be about $2M higher than June, but doesn't change the overall picture much.

$3M - $5M accrual per month doesn't move the needle much at all...

[thicktony] 28/7/2020 11:15

From LSE++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++GKP advised that the company would be back in overall profit with an oil price of $36. Major current account cost reductions were being initiated when that announcement was made, which would achieve overall profit at a lower figure, probably around $30 a barrel.This latest payment of $7.6 million (net to GKP) is very encouraging. Compare it to the payment received by Genel - their net figure is $9.8 million. Were it not for the major unplanned COVID 19 interruption to GKP’s 55,000 bopd work programme GKP’s figure could have equalled that of Genel.This sort of monthly income, combined with major cost reduction and the insurance offered by the company’s cash pile, should allow GKP to continue production indefinitely.A strong position.So much for the 24/7 trolls on here who would have you believe otherwise.

[highlander7] 28/7/2020 10:32

Comedy gold

" obviously I can't speak on behalf of the other 2 " (idiots)

Oh I'm sure you can TPI / Sarah

LOL

[highlander7] 28/7/2020 09:52

From LSE

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

GKP advised that the company would be back in overall profit with an oil price of $36. Major current account cost reductions were being initiated when that announcement was made, which would achieve overall profit at a lower figure, probably around $30 a barrel.

This latest payment of $7.6 million (net to GKP) is very encouraging. Compare it to the payment received by Genel - their net figure is $9.8 million. Were it not for the major unplanned COVID 19 interruption to GKP’s 55,000 bopd work programme GKP’s figure could have equalled that of Genel.

This sort of monthly income, combined with major cost reduction and the insurance offered by the company’s cash pile, should allow GKP to continue production indefinitely.

A strong position.

So much for the 24/7 trolls on here who would have you believe otherwise.

[nestoframpers] 28/7/2020 09:39

hxxps://oilprice.com/Energy/Crude-Oil/40-Oil-Isnt-Enough-For-Saudi-Arabia.html

[steephill cove] 28/7/2020 09:36

McFly02:-

“As for Gramacho it was what he said about Todd that got him in trouble resulting in posts being removed”

You have a very selective memory McFly02.

It was established that Gramacho was working for BP.

What he posted was not a very wise thing to do when he worked for a competitor & probably got him into hot water.

I suggest that is why his posts were removed.

[highlander7] 28/7/2020 09:02

Interesting bit of fantasy TPI , you are obviously getting me confused with the doggie.

As I said yesterday , you three idiots combined , wouldnt know what an Industry expert was if he jumped up and bit you all on the bum.

LOL

[urals] 28/7/2020 07:24

#GKP 35% of shares in issue are unaccounted for Charlie Co subject to Bermuda Companies Act 1981 so owners of big chunks under no legal OBLIGATION to discloseNo doubt potential acquirers stakes make up lions shareLikely to go hostile as reserves hugely attractive to IOC

[urals] 28/7/2020 07:24

RNS Number : 2173UGulf Keystone Petroleum Ltd.28 July 202028 July 2020Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company")Shaikan Payment UpdateGulf Keystone confirms that a gross payment of $9.6 million ($7.6 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during June 2020.This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.Enquiries:Celicourt Communications:+ 44(0) 20 8434 2754Mark AntelmeJimmy Lea

[urals] 28/7/2020 07:23

#GKP Sentiment against company been systematically battered on retail discussion boards 24/7 since Restructuring 4 years ago.Why?Goldman Sachs JPMorgan etc who now hold 95% in nominees, needed to force stock out of retail hands pre takeoverTick tock https://t.co/tPa8Um3WkO