Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 03/6/2021 15:30

Just in case you missed it...

By the way... It is a matter of just a few days before the start of Q3 & time for the SH-13 well to start drilling for increased production ;-)

Looking good for the 182p gap that needs filling..

Especially, as I see that we have been heavily tipped by Zak Mir as a stock to fill up your annual ISA allowance with ;-)))

ISA Ideas: Gulf Keystone #GKP

Gulf Keystone (GKP): 175p

This one is relatively easy to sum up, currently producing a whopping 43190 bopd from their Shaikan field in the Kurdistan region of northern Iraq and aiming to increase to 55000 bopd by Q1 2022 beginning with the drilling of the SH-13 well in Q3 of 2021, GKP are valued at £369m and are sitting on a cash pile of $161m With one of the lowest Opex around at $2.6/bbl, GKP are heavily leveraged to oil prices and with record production levels for 2021 must be loving these current oil prices, recently being described as a cash machine by a well-known investment analyst. Also, with the resumption of regular payments to GKP from the Kurdish Regional Government (KRG) for the last eleven months and the demise of ISIS political risk has diminished considerably. Repayment mechanisms are in place to recover outstanding arrears of $73.3 million too. Confident enough to re-instate its annual dividend beginning with $25m this year and stating that with continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year. Growing production, growing cash, dividends back in place (possibility to grow), lowering costs, strong oil prices. Buy for growth and dividend. Risks have shifted from political to the oil price.

[mrtoddkozel] 03/6/2021 15:29

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[mrtoddkozel] 03/6/2021 15:29

HTTPS://twitter.com/GoodnightCharl1/status/1400355310792065025?s=19

[bigdog5] 03/6/2021 15:29

If according to the disgraced ex CEO and the fabled "mull" which now looks to be total BS why hasn't anyone rocked up with an offer apart from DNO who after lowering their original bid walked away?

If the field was any good someone would have taken the company years ago.

Or have they all realised it has major issues which is why wallets have remained in pockets?

Good fields get snapped up real fast. Eleven years on and one "mull" that now looks to have been BS and a couple of offers from DNO.

I told you that the Data Room would amount to nothing when the company were desperately trying to sell the company pre shareholder wipe out. You all got real excited but I told you they were only there for the coffee and jammy dodgers.

[steephill cove] 03/6/2021 15:27

Guess who is rattled & aimlessly yapping into an echo...

Bigdog you were filtered many moons ago :-)

[mrtoddkozel] 03/6/2021 15:20

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[mrtoddkozel] 03/6/2021 15:20

HTTPS://twitter.com/GoodnightCharl1/status/1400355310792065025?s=19

[bigdog5] 03/6/2021 15:15

Where's the ex "in the Industry" clown these days?

Disappeared again out of pure embarrassment of getting zero correct?

[bigdog5] 03/6/2021 15:13

Is Mr Mir aware that the hosts can back in for 20% plus a further 7.5% and award a further 7.5% to any other party that suits them at anytime?

Its why the company request that anyone looking at their numbers use 58% of the field.

Does he really believe that 43k a day is "whopping" and from 12 wells, lol.

The company had to reintroduce the dividend to placate the Insti's as I predicted months ago. Its all connected with the delays on reaching the 55k a day and zero production progress for over 5 years.

Does Mr Mir realise they were talking about how fast and easy the 55k a day would be achieved over five years ago? Does he know why they haven't been able to install all the ESP's they were planning over 5 years ago? Does he know what they found at S12?

Of course not:-)

[steephill cove] 03/6/2021 14:31

And then there is the double GKP dividends to look forward to, just 35 days apart ;-)

The annual dividend of $25 million is expected to be paid on 2 July 2021, based on a record date of 25 June 2021. The special dividend of $25 million is expected to be paid on 6 August 2021, based on a record date of 30 July 2021.

[steephill cove] 03/6/2021 14:27

By the way... It is a matter of just a few days before the start of Q3 & time for the SH-13 well to start drilling for increased production ;-)

Looking good for the 182p gap that needs filling..

Especially, as I see that we have been heavily tipped by Zak Mir as a stock to fill up your annual ISA allowance with ;-)))

ISA Ideas: Gulf Keystone #GKP

Gulf Keystone (GKP): 175p

This one is relatively easy to sum up, currently producing a whopping 43190 bopd from their Shaikan field in the Kurdistan region of northern Iraq and aiming to increase to 55000 bopd by Q1 2022 beginning with the drilling of the SH-13 well in Q3 of 2021, GKP are valued at £369m and are sitting on a cash pile of $161m With one of the lowest Opex around at $2.6/bbl, GKP are heavily leveraged to oil prices and with record production levels for 2021 must be loving these current oil prices, recently being described as a cash machine by a well-known investment analyst. Also, with the resumption of regular payments to GKP from the Kurdish Regional Government (KRG) for the last eleven months and the demise of ISIS political risk has diminished considerably. Repayment mechanisms are in place to recover outstanding arrears of $73.3 million too. Confident enough to re-instate its annual dividend beginning with $25m this year and stating that with continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year. Growing production, growing cash, dividends back in place (possibility to grow), lowering costs, strong oil prices. Buy for growth and dividend. Risks have shifted from political to the oil price.

[bumkin] 03/6/2021 14:10

Shouldn’t Q3 start in July 🤔🤷‍♂️

[mrtoddkozel] 03/6/2021 14:01

HTTPS://twitter.com/GoodnightCharl1/status/1400355310792065025?s=19

[steephill cove] 03/6/2021 14:01

By the way...

It is a matter of just a few days before the start of Q3 & time for the SH-13 well to start drilling for increased production ;-)

Looking good for the 182p gap that needs filling..

Especially, as I see that we have been heavily tipped by Zak Mir as a stock to fill up your annual ISA allowance with ;-)))

ISA Ideas: Gulf Keystone #GKP

Gulf Keystone (GKP): 175p

This one is relatively easy to sum up, currently producing a whopping 43190 bopd from their Shaikan field in the Kurdistan region of northern Iraq and aiming to increase to 55000 bopd by Q1 2022 beginning with the drilling of the SH-13 well in Q3 of 2021, GKP are valued at £369m and are sitting on a cash pile of $161m With one of the lowest Opex around at $2.6/bbl, GKP are heavily leveraged to oil prices and with record production levels for 2021 must be loving these current oil prices, recently being described as a cash machine by a well-known investment analyst. Also, with the resumption of regular payments to GKP from the Kurdish Regional Government (KRG) for the last eleven months and the demise of ISIS political risk has diminished considerably. Repayment mechanisms are in place to recover outstanding arrears of $73.3 million too. Confident enough to re-instate its annual dividend beginning with $25m this year and stating that with continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year. Growing production, growing cash, dividends back in place (possibility to grow), lowering costs, strong oil prices. Buy for growth and dividend. Risks have shifted from political to the oil price.

[mrtoddkozel] 03/6/2021 14:01

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[k4n4k] 03/6/2021 13:21

Arf Arf 🐕

[eyesandears] 03/6/2021 12:51

Thick Dog says no one is interested. He obviously is. He has wasted years of his life on here 😂🤣😂

[steephill cove] 03/6/2021 12:25

Looking good for the 182p gap that needs filling..

Especially, as I see that we have been heavily tipped by Zak Mir as a stock to fill up your annual ISA allowance with ;-)))

ISA Ideas: Gulf Keystone #GKP

Gulf Keystone (GKP): 175p

This one is relatively easy to sum up, currently producing a whopping 43190 bopd from their Shaikan field in the Kurdistan region of northern Iraq and aiming to increase to 55000 bopd by Q1 2022 beginning with the drilling of the SH-13 well in Q3 of 2021, GKP are valued at £369m and are sitting on a cash pile of $161m

With one of the lowest Opex around at $2.6/bbl, GKP are heavily leveraged to oil prices and with record production levels for 2021 must be loving these current oil prices, recently being described as a cash machine by a well-known investment analyst. Also, with the resumption of regular payments to GKP from the Kurdish Regional Government (KRG) for the last eleven months and the demise of ISIS political risk has diminished considerably. Repayment mechanisms are in place to recover outstanding arrears of $73.3 million too.

Confident enough to re-instate its annual dividend beginning with $25m this year and stating that with continuing strong oil prices, there may be opportunities to consider further distributions to shareholders this year. Growing production, growing cash, dividends back in place (possibility to grow), lowering costs, strong oil prices. Buy for growth and dividend. Risks have shifted from political to the oil price.

[habshan] 03/6/2021 11:54

"Eleven years on and 13 wells later and still no one interested,"

Jon Ferrier's sure as hell interested Sarah. He's just opted to hold a million shares when he could have walked off into the sunset with £1.7 million in cash.

And if he doesn't know what's what nobody does.

[mrtoddkozel] 03/6/2021 11:30

HTTPS://twitter.com/GoodnightCharl1/status/1400355310792065025?s=19

[mrtoddkozel] 03/6/2021 11:30

HTTPS://twitter.com/GoodnightCharl1/status/1400346826520371207?s=19

[bigdog5] 03/6/2021 11:27

Any signs of Paul's mythical takeaway? Eleven years on and 13 wells later and still no one interested, why?

Is it because of what was contained in the recent Ekurd article?
Is it because everyone knows The Kozel barrels are complete BS?
Or that its widely recognized the problems the field has with pressure and water?
Is it because of the four separate CPR's and what's contained therein?
Could it be that its recognized there's been a huge downgrade to the 2P?
Or is it the issues between Erbil and Baghdad and them unable to agree anything?
Could it be that the hosts are viewed as unreliable with payments?
Or that they make the rules up as they see fit to suit themselves?

The Majors never waste any time in snapping up what they consider decent fields.

Thirteen wells, eleven years on, heavy oil, one zone, production low 40's, explains so much doesn't it?

[nestoframpers] 03/6/2021 10:14

1 - June - 202 1

The Prime Minister, Mustafa Al-Kazemi, received today, Tuesday, the Vice President of the World Bank Group for the Middle East and North Africa, Mr. Farid Belhaj and his accompanying delegation.

During the meeting, they discussed ways to enhance cooperation between Iraq and the World Bank in various programs and fields, and with regard to mechanisms to combat corruption and rebuild the public service structure in a way that raises efficiency, establishes sustainable development and optimal investment of human capital. Iraq and agree on ways to reactivate it.

The Prime Minister affirmed Iraq's determination, despite all challenges, to proceed on the path of economic reform, according to long-term visions based on effective solutions.

His Excellency indicated that the government puts in mind the interests of Iraq first and the needs of the Iraqi people, in addition to benefiting from the advice provided by discreet financial institutions such as the World Bank.

For his part, Mr. Belhaj praised the Bank's historical and strategic relations with Iraq, and pointed to the sobriety of the reform white paper presented by the government, which includes a coherent vision for ambitious economic development in a way that enhances the goals of good governance.


Enlarge this image Click to see fullsize

Prime Minister Mustafa Al-Kazemi receives the Vice President of the World Bank Group 1-6-202102


Enlarge this image Click to see fullsize

Prime Minister Mustafa Al-Kazemi receives the Vice President of the World Bank Group 1-6-202103





hxxps://pmo.iq/press2021/1-6-202101.htm?fbclid=IwAR0KCG9BRg7Hf8BVNqcS1YwIUebWytgPIqJaba1Y0P_sLSnG8YxUG1LB2OE

[pensioner2] 03/6/2021 09:34

Whatever the reason for the fortnightly updating of major shareholders was in 2021, it's now slipped to monthly (last one 4/5/21). That 4+m shares change by HH must be the reason they don't want this intel to be public knowledge. But why? Where did they go?

[beernut] 03/6/2021 09:24

The Guardian 33 minutes ago
Oil at two-year high as demand recovers – business live
Rolling coverage of the latest economic and financial news
Introduction: Brent crude highest since 2019
API shows crude stockpiles fell last week - sources
Pump jacks in front of a drilling rig in an oil field in Midland, Texas.