Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 14/4/2021 10:55

"Neither Oilman, nor Ren, nor myself - not even bigdog - has ever said that Shaikan crude is worthless.

Worth Less does not have the same meaning as Worthless.

SH crude is Worth Less.
Your febrile rampings are Worthless.

But then that's a bit beyond your ken.."


Broadford is correct, but trolls like h7 need to twist words to help with their agenda of misleading plus their understanding of language is very poor, not unlike their investment. But it would appear that h7 has finally grasped the difference between, there, their and they're.

What he hasn't is that "his" legend's barrels are complete and total BS cos they don't exist. I doubt very much if there is even 1b barrels in the whole of the field that is extractable. And bearing in mind how long its taken the company to reach 42k a day (11 years) and the fact its cost over $2b so far with major costs to come its not worth any Major being interested. Hence a merger.

You're most welcome:-)

[nobull] 14/4/2021 10:54

McFly02 and Highlander7 - I have to read loads of company reports and accounts. I will reply to your points by tomorrow night.

If anyone can tell me how to post .jpg images on this thread without having to have a subscription to a site like photobucket, please let me know.

[eddie47] 14/4/2021 10:42

There must have been many Kurds originally invested. I do know of a major one. I wonder how they all felt about the restructure or weren't they bothered for some reason?

[pensioner2] 14/4/2021 10:30

At this volume there'll be more trades after the bell than in trading hours.

[bigdog5] 14/4/2021 10:28

Morning peeps thanks for the entertainment. There's some real funny BS coming out of the h7 keyboard I note.

No RNS stating a takeaway then:-)

Imho until such time that the company are totally honest about ALL the problems they will gain no credibility which is why the past history here to a certain extent is still important and relevant. Perhaps they have started to clean house in that the BS from the Kozel days has been dumped and no reference made to it ever since he departed. No Kozel billions and no signs of the hosts 45b.

I still maintain the best shareholders can expect is a merger with a company that does have the respect of the hosts. Any of those that did what this company failed to do and took them to court and won their case for payments are the likely candidates.

If any of the big guns were interested they would have taken the company years ago. Which of course is more proof that the field is light years away from the Kozel brags as evidenced by the four CPR's the latest of which shows a huge downgrade.

The Insti's are playing the oil price and nothing more.

[pensioner2] 14/4/2021 10:22

H7. Not as good as goatcam's (allegedly) :-)

[highlander7] 14/4/2021 10:20

But could TK have prevented that situation occurring in the first place ?

Possibly - he had a good relationship with the Kurds.

[highlander7] 14/4/2021 10:02

Dobell and the others were expertly played , the mugging of a restructure would have been avoided with Todd as CEO


Thats why TK had to go .... and all for a "worthless" Oil Company ?

BUT this game isnt over yet.

LOL

[habshan] 14/4/2021 09:58

"What ‘energy transition’? Global fossil fuel use is accelerating..."

[1waving] 14/4/2021 09:52

.
NoR ---- Very True

" nestoframpers14 Apr '21 - 09:38 - 628553 of 628554 0 4 0

Dobell and the others were expertly played , the mugging of a restructure would have been avoided with Todd as CEO. "

.

[nestoframpers] 14/4/2021 09:45

ERBIL (Kurdistan 24) – Marking the 33th anniversary of the Anfal genocide, the Kurdistan Region’s government reiterated a call for compensation for the survivors and their families, Prime Minister Masrour Barzani said on Wednesday.

[nestoframpers] 14/4/2021 09:38

Dobell and the others were expertly played , the mugging of a restructure would have been avoided with Todd as CEO.

[nestoframpers] 14/4/2021 09:37

The row is coming to a head now – with signs of a possible peace deal – because Gulf Keystone’s annual meeting is in Bermuda next Thursday. The Caribbean tax haven might sound a curious place for a £1.5bn company listed on the London stock market to be based, but it says a lot about the City’s oil and energy sector, which has attracted so many foreign companies in recent years.

At the heart of the battle is Todd Kozel, the flamboyant American founder and well-paid chief executive of Gulf Keystone, who earned $22m (£15m) last year and $13m this year. The company’s stock has soared since he floated it on London’s Alternative Investment Market in 2004. At one point last year, its value was close to £4bn on the strength of a huge oil find in Kurdistan, part of northern Iraq.

But its value has more than halved since then amid legal rows and criticism of Mr Kozel’s pay. Some investors are fed up, and the top City fund manager M&G Investments, a 5 per cent shareholder, wants to put four non-executive directors on the board, including Gulf Keystone’s former deputy chairman Jeremy Asher, who controls 1.7 per cent. They call themselves “reforming� shareholders, rather than dissidents, and say the company is suffering because its share-price slump limits its options for expansion and investment. They want greater scrutiny of Mr Kozel, but insist they are not seeking control by stealth.

However, Gulf Keystone’s board, which includes new chairman Simon Murray (pictured), a former French Foreign Legionnaire, and the independent director Field Marshal Lord Guthrie, a former head of the British Army, is not convinced. Relations have been tense, and a meeting between Gulf Keystone and the M&G camp in London last Friday ended in a shouting match. Pencils were thrown, said one source.

Little wonder that the Gulf Keystone board publicly opposed the plan for the four non-executives in a circular sent to shareholders on Monday. A source close to Gulf Keystonesaid: “The real agenda here is about a group of people trying to take creeping control of the board.�;

M&G, whose fund manager Tom Dobell oversees the shareholding in Gulf Keystone, denied this. “At no point has M&G tried to interfere or take control of the board,â€�; said a spokesman, adding that it just wanted four “truly independent non-executive directorsâ€A533;. Their proposed candidates are John Bell, Philip Dimmock and Thomas Shull as well as Mr Asher, a savvy City veteran who also chairs another Aim oil explorer, Tower Resources.

[nestoframpers] 14/4/2021 09:32

Tom Dobell of M&G was the one that said GKP needed adult supervision . He got the sack him self , he probably blamed Todd .

hxxps://citywire.co.uk/funds-insider/news/tom-dobell-to-leave-mandg-after-prolonged-poor-performance/a1402202