Gulf Keystone Petroleum Share Discussion Threads

[nobull] 13/4/2021 17:42

BigDog5

"Now there's an article by Tempus which states that five years ago the share price was 675p. None of you desperate ramping liars bothered to correct it, how odd. But as you desperately need to mislead its par for the CON.

The share price was at that time 6p."

On March 24th, 2016 the share price was, in the newspapers of the time, 6.15p. Adjusted for the consolidation of 100 for 1 makes the share price £6.15p on 24th March 2016, so William Kay of Tempus is right.

What is wrong with William Kay's argument, and it is a small point, is that the remaining life of the PSC is now 5 years shorter than when the share price was £6.15, so there is a smaller future cash flow stream from Shaikan remaining, all other things being equal, which they never are, to drive the share price back to that level. My price target is £2.66p, 16p higher than Charlie Sharpe's of Canaccord Genuity - I used a Peel Hunt eps forecast of 51 cents for 2022 and extended it to 2023, a forecast that maybe assumes the expansion project will be successful, and I assumed a 14% earnings yield would be required. JMV.

P.S. Another thing that is wrong is that we will be disadvantaged by a 58% WI. I think GKP invoices the MNR on that basis and then lowers the capacity building charge. Anyway I compute the invoices on an 80% WI and the higher capacity building charge associated with that WI, and I get the same figures. I think this is what JF meant when he said if the 2nd Amendment to the PSC is implemented that the effect would be value neutral.

[k4n4k] 13/4/2021 17:39

Bd5 is still smarting from the unfulfilled Porsche dream. 💰🚽

[highlander7] 13/4/2021 17:23

Thats from the Financial Times Doggie...not Goatcam !

LOL

[bigdog5] 13/4/2021 16:39

Hey Paul, roll out beernut to give us all the up to date position on the latest biscuit fest.

[bigdog5] 13/4/2021 16:37

Paul perhaps with all your experience of busting family business's could you say why no one is the slightest bit interested in the GROSS 505m 2P of heavy oil in over 11 years.

[bigdog5] 13/4/2021 16:36

Another day and no takeaway Paul, would you care to comment on why?

[bigdog5] 13/4/2021 16:32

Isn't it strange that Sbb1x has disappeared. But true to form ramping trolls eventually wake up to the fact that no one is coming to rescue them from their horrendous underwater investment in the form of a takeaway and depart the scene.