Gulf Keystone Petroleum Share Discussion Threads

[jp2011] 11/12/2020 10:24

84p and it was crossed 21st Nov. On current trajectory there's a golden cross 50dma moving through the 200dma around 14th Nov.

[the patriotic irishman] 11/12/2020 10:19

eeh bah gum highlander poor old CJ didn't last very long 🙊

'bang gone' after just 2 posts 😂 😂 😂


NEXT 🥳

[pensioner2] 11/12/2020 10:12

It's on the chart above.

[sbb1x] 11/12/2020 10:11

Anyone confirm the 200 day MA here ?

[the patriotic irishman] 11/12/2020 09:54

Jaaps mate will be pleased to see the clowns back on LSE 😂 😂 😂


apparently its even stevens (50% probability) for seeing out the weekend 🙊


eeh bah gum its good in ere innit - rattle rattle 🥳

[pensioner2] 11/12/2020 09:47

Don't think so, millie. FTSE up only .5%. Wer'e about to claw back some of those years of treading water imo.

[milliecusto] 11/12/2020 09:35

General market sentiment.. ffs

[simonmurraycnpc] 11/12/2020 09:26

#GKPTop 1,2,4 shareholders remain rock solidUBS at no 3 added over 300,000 between 13/11 and 1/12 to go to around 12,500,000and Schroders appear in top 10 out of blue with over 5,000,000 , transferred from Fiera ?Who does own the 44%+That's 90,000,000 that STILL isn't appearing in top 10?Lolol

[habshan] 11/12/2020 08:51

Genel this morning - "the KRG has now also submitted a reconciliation model for repayment of the receivable relating to amounts owed for invoices for oil sales from November 2019 to February 2020"

Now that Brent has recovered to over $50 the KRG want to honour their commitment and start catching up with the missing payments:-

HYR 3rd September - "We are encouraged by the KRG's assurance that all historic invoices will be paid. The KRG has committed that with the continuing improvement in the price of dated Brent above $50/bbl outstanding arrears will be reviewed.
Dialogue with the KRG is continuing relating to payment of outstanding invoices for November 2019 to February 2020 aggregating $93.7 million gross ($73.3 million net to GKP)."

Genel RNS.

Resumption of override payments

Genel Energy plc ('Genel' or 'the Company') has received notice from the Kurdistan Regional Government ('KRG') that override payments, whereby Genel receives 4.5% of monthly Tawke gross field revenues, will resume with the January 2021 invoice, to be paid in February 2021. Assuming the prevailing oil price, this translates into over $5 million of additional cash proceeds on a monthly basis.

This is consistent with the communication received from the KRG as announced on 17 April, which stated that the override payments would be suspended for at least nine months, and also that in a scenario where the oil price recovers to c.$50/bbl, a review of the situation would take place immediately in respect of the outstanding receivable.

In line with this communication, the KRG has now also submitted a reconciliation model for repayment of the receivable relating to amounts owed for invoices for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020. We will work through this submission and update the market when appropriate, as further discussions with the KRG take place.

[k4n4k] 11/12/2020 08:49

Bhurj khalifa. That'll do me.

[k4n4k] 11/12/2020 08:49

ScroteCam. The Viz mag for investors.

[chicagojack] 11/12/2020 08:47

3bn recovery

[highlander7] 11/12/2020 08:43

" 650m2 p minimum....that's just the Jurassic "

Then we have the gas and condensate.

[sbb1x] 11/12/2020 08:43

650 million barrels x 3.75 =2.4 billion. And share price of 11.60!

[highlander7] 11/12/2020 08:42

What impact if any does a no deal brexit cause to the sp

I wasnt aware Kurdistan was in the EU ?

LOL

[ammu12] 11/12/2020 08:41

What impact will it have on Brent ? I doubt Brexit would have any impact on oil price

[chicagojack] 11/12/2020 08:39

They have minimum 470m 2pPlus 180m 2cWhich is at a strike of a pen on new FDP 2p650m2 p minimum....that's just the Jurassic

[lift and shift] 11/12/2020 08:35

Solid support built at 100, get through 106 the breakout will be confirmed with fresh air above...

[milliecusto] 11/12/2020 08:34

What impact if any does a no deal brexit cause to the sp

[ammu12] 11/12/2020 08:34

Great news out on genel bodes well for gkp

[sbb1x] 11/12/2020 08:32

Oil in the ground value per barrel is 5$/ 3.75 pounds.Gkp have more than 350 million barrels350m x 3.75 pounds equals 1.3 billion.Divide between 210 million shares is £6.25 a share!Current share price £1.04#GKP

[sbb1x] 11/12/2020 08:24

101.80 broken yippee!!!!!

[pensioner2] 11/12/2020 08:07

Let's hope that £1 close broke the logjam.