Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 22/7/2021 21:17

Date Time Trade Prc Volume Buy/Sell Value
22-Jul-21 17:13:06 170.60 244 Buy* 416.26 O
22-Jul-21 17:06:31 170.00 5,000 Buy* 8,500 O
22-Jul-21 17:01:18 171.349 461 Buy* 789.92 O
22-Jul-21 16:35:25 170.00 51,665 Buy* 87.83k UT

[nestoframpers] 22/7/2021 21:15

Rudaw

ERBIL, Kurdistan Region — A financial advisor to Iraqi Prime Minister Mustafa al-Kadhimi said on Thursday that nearly half of the country’s oil exports go to China, which is now the number one market for Iraqi oil.

“China is the first market for the Iraqi oil exports, and it alone consumes about 40-44 percent of Iraqi oil exports, with about 800,000 barrels of oil per day,” Mazhar Mohammed Salih told state media.

"A small portion of these exports is the dues of oil service contracts for Chinese companies operating in Iraq, to which 100,000 barrels per day were recently added,” he added.

The Iraqi government is dependent on oil revenues to cover its costs and pay the salaries of civil servants. Record low oil prices during the pandemic last year caused a financial crisis in Iraq, but a recent boost in oil markets and the central bank’s decision in December to devalue dinar against the dollar have eased the crisis.

According to the oil ministry’s latest monthly report, Iraq exported 86.7 million barrels of oil in June, with an average daily export of 2.9 million barrels. The exports brought in $6.1 billion, selling at around $70 per barrel.

[davr0s] 22/7/2021 20:01

You are clearly not corrupt as it ain't going up or being taken over!

[ian_hannam] 22/7/2021 19:32

I'm Ian Hannamski and I'm a hugely corrupt City financier.I helped Hawrami make £10m back in the day insider trading Kurd oiler.I got a wrist slap, obvs should have gone to jail, but that doesn't happen to people like me.I've been helping here too, screwing thick punters out of these for 3 years .The TAKEOVER is THIS WEEK

[ian_hannam] 22/7/2021 19:32

BIGDOG RE-ITERATES GUIDANCE:"CONVICTION BUY:"TAKEOVER ANNOUNCEMENT TOMORROW

[ian_hannam] 22/7/2021 19:31

From 2016City sources said to be familiar with the matter.Gulf Keystone Petroleum shares rise on takeover talk2016-12-13 13:46:00The Kurdistan oil firm's share rose 15% in London amid reports of a possible Chinese takeover.trader watching pricesWhere would an offer for GKP be pitched?Investors in Gulf Keystone Petroleum Limited (LON:GKP) have again been whipped into a takeover frenzy amid reports that China’s state-backed oil company is considering a bid.A Bloomberg report, citing sources said to be familiar with the matter, said Sinopec had made an approach. The report also claimed that Gulf Keystone could attract other bidders.In the summer Gulf Keystone was the subject of a US$300mln takeover approach from fellow Kurdistan oil producer DNO.At that time Gulf Keystone was working on a major financial restructuring which left the (prior) shareholder register with a minimal stake in the recapitalised company and gave bondholders control.DNO last month said it would be prepared to consider a cash offer for Gulf Keystone but it would be pitched at a lower price than before.Competition in the form of a major national oil company is exactly the kind of news that the most optimistic followers of Gulf Keystone have been waiting for.Whether or not the reports are true does however remain to be seen, as does the potential value of any offer.In London, Gulf Keystone shares gained 19.66p, 15.5%, to trade at 146.66p each.

[davr0s] 22/7/2021 19:17

This source will tell you no takeover happening anytime soon. I shall become the new guru !

[beernut] 22/7/2021 18:49

From 2016

City sources said to be familiar with the matter.


Gulf Keystone Petroleum shares rise on takeover talk

2016-12-13 13:46:00
The Kurdistan oil firm's share rose 15% in London amid reports of a possible Chinese takeover.
trader watching prices
Where would an offer for GKP be pitched?

Investors in Gulf Keystone Petroleum Limited (LON:GKP) have again been whipped into a takeover frenzy amid reports that China’s state-backed oil company is considering a bid.

A Bloomberg report, citing sources said to be familiar with the matter, said Sinopec had made an approach. The report also claimed that Gulf Keystone could attract other bidders.

In the summer Gulf Keystone was the subject of a US$300mln takeover approach from fellow Kurdistan oil producer DNO.

At that time Gulf Keystone was working on a major financial restructuring which left the (prior) shareholder register with a minimal stake in the recapitalised company and gave bondholders control.

DNO last month said it would be prepared to consider a cash offer for Gulf Keystone but it would be pitched at a lower price than before.

Competition in the form of a major national oil company is exactly the kind of news that the most optimistic followers of Gulf Keystone have been waiting for.

Whether or not the reports are true does however remain to be seen, as does the potential value of any offer.

In London, Gulf Keystone shares gained 19.66p, 15.5%, to trade at 146.66p each.

[beernut] 22/7/2021 18:43

Old but relative.

Like the bit he says GKP could be sat on a field the size of Kirkuk.


Gulf Keystone is a likely takeover target, says Daniel Stewart

2010-08-31 12:25:00


Gulf Keystone Petroleum (LON:GKP) is likely to become a takeover target due to its “astonishing reserve potential”, according to research by Daniel Stewart’s oil and gas expert Richard Nolan.Following an analyst field trip to the Kurdistan region of Northern Iraq, Nolan reflected on the company’s current resource base and its merits as a takeover candidate. Nolan highlighted that the size of the Shaikan discovery (4.2 billion barrel mean resource) has been a ‘well known theme’ and ongoing drilling could expand the resource further. The analyst emphasised that up-coming drilling could add 500 million barrels of oil, from two shallow zones. According to Nolan the ‘mere addition’ of 500 million barrels - which would otherwise represent a significant find all by itself - shows the “sheer scale” of the Shaikan discovery.Crucially, further drilling may provide a substantial increase to the Shaikan resource, to between 18bn and 20bn barrels - should the company determine an oil/water contact point at 2,230m - a level suggested by pressure data.

Nolan estimates that the Shaikan-2 well will target the oil-water contact point in Q1 2011, and provide more clarity on this aspect of the analyst’s investment thesis.“A similar analysis across all of the blocks could see resources of 60bnbbl or more and with a recovery rate of about 30%.” He added: “Gulf Keystone could be sitting on a giant on an equal footing to the Kirkuk field which has been producing for more than seventy years and still flows at 400,000 - 500,000b/d ... Any company with Gulf Keystone’s size of potential reserves will surely appear on the acquisition radar of many NOC’s and IOC’s." That said, Nolan described the Gulf Keystone’s investment case as ‘a race against time’, with the analyst highlighting a need to accelerate drilling. Nolan emphasised that major IOCs (International Oil Companies) and NOCs (National Oil Companies) have had reserve replacement issues for several years. According to Nolan, Gulf Keystone can maximise value by proving up resources on its other blocks, before it becomes a bid target. “At present Gulf Keystone has good information on Shaikan. They could make a compelling argument to any prospective buyer to pay for those assets ... It would be a more difficult discussion for the other blocks”. [If] Gulf Keystone becomes a target, then they should be doing as much as possible to prove their resources, especially drilling.” The analyst believes it is “highly probable” that a new rig will be secured on a short-term contract to accelerate drilling. “To make up for lost time and to increase value, getting the rig now makes a lot of sense else Gulf Keystone runs the risk of leaving a lot of value on the table.”

[davr0s] 22/7/2021 18:38

Oh dear has it ended down again. No one believes takeover imminent apart from you

[habshan] 22/7/2021 18:04

Bigdog - "Based on the CPR's and a rumoured 2nd downgrade to reserves no one is interested."

With the origin of that particular rumour:-

"This is information that the MNR won't let them release yet so at some point expect a much larger downgrade in the Jurassic. I am of the opinion that they will try to bury the downgrade when they start with the Triassic."

Being a £110k terrace house in Salford.

[mrtoddkozel] 22/7/2021 17:39

BIGDOG RE-ITERATES GUIDANCE:"CONVICTION BUY:"TAKEOVER ANNOUNCEMENT TOMORROW

[mrtoddkozel] 22/7/2021 17:39

26 THOUSAND 594 sentiment BS battering posts From the , INCREASINGLY DESPERATE US East coast dog.THE ULTIMATE BUY SIGNALSVERY EARLY START, UNSURPRISINGLY,AS TAKEOVER ANNOUNCEMENT THIS WEEK

[bigdog5] 22/7/2021 17:16

Based on the CPR's and a rumoured 2nd downgrade to reserves no one is interested.

A very cheap merger is the best you're going to get. Also bearing in mind that would suit the hosts that have always wanted consolidation.

You're welcome.

I reckon Paul and his multi avatars are responsible for around 330k wrong predictions over the past 6+ years.

S13, any signs of the accelerted prog:-) Oil for budget? Oil Law?

I get to hear of so much from the "City jungle drums" but I don't share cos you morons don't deserve:-)

[mrtoddkozel] 22/7/2021 16:19

I'm Ian Hannamski and I'm a hugely corrupt City financier.I helped Hawrami make £10m back in the day insider trading Kurd oiler.I got a wrist slap, obvs should have gone to jail, but that doesn't happen to people like me.I've been helping here too, screwing thick punters out of these for 3 years .The TAKEOVER is THIS WEEK

[mrtoddkozel] 22/7/2021 16:17

BIGDOG RE-ITERATES GUIDANCE:"CONVICTION BUY:"TAKEOVER ANNOUNCEMENT TOMORROW

[sbb1x] 22/7/2021 15:38

What day this goes exdividend..... looking for entry of 158 a few days after

[mrtoddkozel] 22/7/2021 11:04

BIGDOG RE-ITERATES GUIDANCE:"CONVICTION BUY:"TAKEOVER ANNOUNCEMENT TOMORROW

[mrtoddkozel] 22/7/2021 11:04

Buying now you are effectively buying at 165.8.5 p div arrives in 2 weeks.Selling ANY when takeover CLEARLY round corner seems rather bizarre.

[davr0s] 22/7/2021 11:03

Ah you got the wrong day (again) - haha. I shall be back tomorrow then saying the same and no doubt it will then be happening the next day. With all this ramping I might just feel the urge to increase my short

[jp2011] 22/7/2021 10:58

There is no logic when the ex div price is tending to drop twice as much as the divi, better to sell into any strength pre and buy back post div date.

[pensioner2] 22/7/2021 10:31

Buying for Divi imo

[mrtoddkozel] 22/7/2021 09:51

BIGDOG RE-ITERATES GUIDANCE:"CONVICTION BUY:"TAKEOVER ANNOUNCEMENT TOMORROW