Gulf Keystone Petroleum Share Discussion Threads

[mrtoddkozel] 17/6/2021 14:18

They released the normal pre AGM ops and corporate update a week early.I hope to see other corporate news tomorrow.Could be ?A leveraged recapitalisation a funded OFF MKT BUYBACKI think something good coming , now all the troughing pigs , proper shareholders :)

[noreply1] 17/6/2021 14:18

When is the...1. Take over ?2. Share buyback ?3. Large buy orders

[steephill cove] 17/6/2021 14:17

And dont forget Nadzeya ;-)

[steephill cove] 17/6/2021 14:15

And Garrett & Ian ;-)

[k4n4k] 17/6/2021 14:14

Just follow Jon and Sami. EZ MONEY.

[ammu12] 17/6/2021 14:09

I thought you blocked Sbb ?

[mrtoddkozel] 17/6/2021 14:08

They released the normal pre AGM ops and corporate update a week early.I hope to see other corporate news tomorrow.Could be ?A leveraged recapitalisation a funded OFF MKT BUYBACKI think something good coming , now all the troughing pigs , proper shareholders :)

[hydrocarbon1] 17/6/2021 13:57

The question is---- Do you feel lucky punk ?
Well ..... Do yah !!!!!

[mrtoddkozel] 17/6/2021 13:41

SteepThe spread betters amusing everyone closed at 192.5 and prob went short targeting a gap at 178Imo anyone short over night in this , could be bankrupted by the catastrophic margin call when sale/hostile bid comes in.

[steephill cove] 17/6/2021 13:39

Jon Harris the new CEO of GKP is clearly a man on a mission.

That mission is to release the value in Shaikan & to increase the GKP SP, so that a hostile predator will have to pay fair market value.

He set his stall out from the get go, with a personal Director share purchase of 30000 GKP shares @ 171p per share on 14/4/21 costing him 51165 pounds sterling.

He put his money where his mouth was & immediately got skin into the game, no doubt influenced & advised too by fellow board members who had made astute GKP purchases in the prior year.

Garrett Soden (Non Executive Director) who purchased of 70000 GKP shares @ 92p per share on 15/7/2020 costing him 64666 pounds sterling & Ian Weatherdon (CFO) who purchased 50112 GKP shares @ 80p per share on 1/5/2020 costing him 39989 pounds sterling.

Jon Harris clearly saw value at 171p on 14/4/2021 & since then he has made fundamental decisions to drive the GKP share price forward.

1). Announcement of Dividend.
2). Announcement of Special Dividend.
3). Announcement of GKP share buyback of upto 10 percent of all stock, which will be retired from the marketplace.
4). Restart of GKP upgrade to 55000 BOPD.
5). Bringing forward the delivery timeframe of the GKP BOPD upgrade.
6). Set out his intention to accelerate the timeframe of the GKP Field Development Plan & the move to 75000 & then 110000 BOPD.

As a result GKP are now firmly in the shop window.

It is my belief that GKP have been carefully advised by Perella Weinberg & in particular Daniel Yergin, because GKP is clearly The Prize in Kurdistan.

A Supergiant onshore oilfield with one of the lowest lifting costs per barrel on the planet, namely $2.5 to $2.9/bbl gross unit Opex.

Indeed Perella Weinberg have a direct link with their former employee, Gabriel Papineau-Legris sitting as CCO sitting inside the GKP boardroom, (which ironically GKP do not openly state this link, in their Board & Management Senior Management biography for him on the company website).

International Oil Companies hands are being forced through competitive pressure & now they know it.

Peel Hunt setting a GKP buy target of 275 per share on 11/6/2021 is merely the opening gambit in the start of an overall GKP rerating.

IOCs have two clear choices.

Right now, they will have to pay a more appropriate rate for every GKP share they purchase daily on the sly, via a Concert Party approach & they will need to accelerate those GKP share purchases more quickly.

Or they delay & the overall cost of taking out GKP at a later stage will become far greater, through points 1 to 6 above, being underpinned by a rising oil barrel price & an ever tightening oil supply, as the world begins to start to unwind out of the COVID19 pandemic.

Former Senior GKP Board Members, have the inside track.

Their recent individual actions underpin the above.

Jon Ferrier ex CEO GKP (999453 GKP shares) now owns 0.46 percent of GKP.

Sami Zouari ex CFO GKP (861162 GKP shares) now owns 0.40 percent of GKP.

A hostile predators hand is being forced & that is another 0.86 percent of GKP, that will be safely held & they will not prise out until takeover.

Ex GKP CEO Jon Ferrier & ex GKP CFO Sami Zouari, were never really known for their urgency with GKP, but both have all of a sudden vested & taken GKP shares rather than huge personal tax paid cash windfalls.

They know things are hotting up.

New CEO Jon Harris has taken very positive steps, providing strategic clarity through visible leadership & first class communication press releases, that are clear & easy to understand.

PI investor confidence is returning & the GKP story is about to play out, before our very eyes to a successful conclusion.

[sbb1x] 17/6/2021 13:37

If dollar keeps rising oil will go lower like gold

[steephill cove] 17/6/2021 13:37

Peel Hunt set GKP buy target of 275p per share on 11/6 ;-)

[steephill cove] 17/6/2021 13:36

Market Update: Friday 11 June 2021

Gulf Keystone Petroleum (LON:GKP)

Encouraging operations update.

Share Price: 190p,
Market Cap: 407m

GKP has provided a timely operational and corporate update, outlining that the Company has restarted drilling activities, with commencement of SH-13 completion ahead of the previously announced schedule of Q3 2021.

After SH-13, SH-I will be drilled and electric submersible pumps will be installed in two existing wells.

Gross production is now expected to increase towards 55,000bopd in Q4 2021, versus previous guidance of Q1 2022.

In terms of financials, GKP received US$100.8m (US$78.9m net) from the Kurdistan Regional Government in 2021 to date for payments of crude oil sales and recovery of outstanding arrears. 

As previously announced, the Company is proposing a US$25m annual dividend and US$25m special dividend, both for approval at next week’s Annual General Meeting.

The Company retains a robust balance sheet, with a cash balance of US$195m as at 10 June 2021.

GKP expects 2021 average gross production guidance to be towards the upper end of the 40,000 to 44,000bopd guidance range following early resumption of drilling activities.

2021 guidance of US$55-US$65m net capex and US$2.5 to US$2.9/bbl gross unit Opex remains unchanged.

In addition, GKP continues to progress the preparation of the Field Development Plan, including the Gas Management Plan, through engagement with the Ministry of Natural Resources and other stakeholders.

Our Take:

Another positive update from GKP confirming gross average YTD production of c.43,600bopd, representing a 20% uplift from 2020 annual average gross production.

With operations ramping up to complete SH-13, marking the resumption of drilling activities ahead of schedule.

As a result, the Company expects to increase gross production towards 55,000bopd in Q4 2021 and to be at the upper end of 2021 guidance (40,000-44,000bopd).

[ammu12] 17/6/2021 13:28

Gkp and genel to meet at 180p within a day.Best to get in genel all imo

[steephill cove] 17/6/2021 13:18

MARKET REPORT: Top commodity traders tipping oil to return to $100 a barrel with demand set to reach pre-Covid levels.

By Francesca Washtell For The Daily Mail 22:01, 15 Jun 2021.

The recent oil rally could have even further to go, according to the worlds top commodity traders, who think prices could touch $100 a barrel again.

Executives at Trafigura, Vitol, Glencore and investment bank Goldman Sachs all believe Brent crude hitting triple figures is a real possibility. A big driver will be drastic investment cuts made by big energy companies, who are trying to repair finances in the wake of Covid at the same time as ploughing cash into green energy. But they are making these changes at a time when demand for oil is set to reach pre-Covid levels.

This could lead to a spike in prices. Jeremy Weir, executive chairman of Trafigura, told a Financial Times conference that he was concerned by oil companies lack of spending. And Alex Sanna, Glencores top oil trader, said that cutting supply without addressing demand for oil is when you can get price dislocations.

Oil last hit $100 a barrel in 2014, shortly before it nosedived in a commodities slump. It was at almost $74 last night its highest since November 2018.

target='window'>HTTPS://www.thisismoney.co.uk/money/markets/article-9689385/MARKET-REPORT-Traders-tipping-oil-return-100-barrel.html

[sbb1x] 17/6/2021 13:09

All eyes on Dow Jones opening today. Place your bets on whether a sell off is coming...

[steephill cove] 17/6/2021 13:06

Oil is the commodity that is saying bull market most strongly. Its the most important commodity of the lot, and it keeps grinding higher. Higher oil prices mean inflation, in the modern sense of the word (higher prices, not money printing), and inflation in everyday goods and services, not just asset prices.

Both Brent crude oil and West Texas Intermediate crude oil are now trading above $70 a barrel ($74 and $72 respectively). Yesterday saw new highs. The last time WTIC was above $70 was in 2018, so we are at three-year highs. Brent, meanwhile, is re-testing its 2019 high at $75.

As far as oil is concerned, the bull market is still on. Where oil goes, other commodities tend to follow.

[ticketmaster] 17/6/2021 12:55

Also many of the big orders don't go anywhere near the level 2 AT trades

[gazebo79] 17/6/2021 12:54

Not sure about selling. Topped up greatly so thanks if you are a seller : )

[ticketmaster] 17/6/2021 12:53

sbb1x Personally don't see this getting near 178 I'm predicting a bounce from 188

[ammu12] 17/6/2021 12:49

Struggling to sell anyone ?