Gulf Keystone Petroleum Share Discussion Threads

[giant_canine] 25/6/2022 12:21

Baby,Yahoo stock screener - there are a few debt free - mainly much smaller cap.
Bigger caps almost entirely using debt.
I was going to say I was surprised rgds deleveraging further when the FCF merited leveraging up. So makes me more convinced they either are sold or are looking to sell up. As does the endless prevarication re new FDP start up.

[bigdog5] 25/6/2022 12:20

So Malcy reckons there are "minor operational problems" does he, lol lol lol.

Someone tell me when he has managed to get anything correct about any oil company and especially his views on this one.

So despite the additional wells, remembering that S14 was according to the company going to be the last one required to achieve the 8 years in the coming 55k a day, production is now predicted to be less than as previously advised!!! The results being the company are no closer to the 55k a day than they were years ago and production is falling again. Now why would that be:-)

Do you remember highlander7 and sarahgibbs/harriet habsham saying early 2021 that the 55k a day was only "weeks away", lol.

Do have a look back at the plans on how they were going to achieve the fast easy and cheap 55k a day. Remember, they reached 42k in December 2014!! Then look at all the wells that have been drilled since and check the results. Then ask yourselves with all these extra wells why has production only increased by 3k a day and is now predicted to fall again.

And you suckers believe the field is performing just fine and to expectations!!!

Doesn't it look as though they're admitting they can't progress? How can anyone believe they can grow the production when its taken them 8 years to add 3k? Then there's all the massive costs coming down the track. The OP increase has come to their aid and disguises their pathetic performance as otherwise the share price would be £1 imho.

Wipeout 11, the sequel on the horizon? And as I've said before, they will point to the divis for assistance. Remember what I said about you being creamed for a second time h7:-)

You're welcome as always.

[thebabe] 25/6/2022 10:10

They are !, I'm going to dig through them a bit ,and see why that makes sense! See from quick scan that they have growth by acquisition as strategy .Cheers

[bumkin] 25/6/2022 09:44

Cheers AttyG, a good listen 👍

[attyg] 25/6/2022 08:31

Thanks to APK1 on LSE.
Get past the ads and listen to this short video.
Very re-assuring to any with concerns.


Oil stocks rotation oversoldFri 21:59
hxxp://www.bnnbloomberg.ca/video/we-ve-had-a-panic-induced-selloff-but-nothing-has-changed-in-energy-stocks-nuttall~2472295

Good short video from energy fund manager seems all oil companies are sticking to a similar structure reducing debt, returning free cash flow to stakeholders in a environment of steady demand growth and limited spare capacity

[highlander7] 25/6/2022 08:03

I agree , and the OP isnt going back to $70-ish for a long long time . Thanks to politicians and their obsessions with wind turbines and Electric cars. ( Choices that will come back to bite them even more IMO )

H7

[thebabe] 25/6/2022 07:59

Nothing minor about the 40m a month EBITDA H :)I can't find any listed E+P producing 5,000 bopd that doesn't have some debt financing.But apparently GKP doesn't want to / need to conform to industry norms( or corporate finance ones).So for me it's done TBA

[highlander7] 25/6/2022 05:31

NOTE...

" minor operational problems at SH-12, SH-14 and SH-15 "

MINOR !!

H7

[highlander7] 25/6/2022 05:05

Malcy on GKP.....

Jon Harris, Gulf Keystone’s Chief Executive Officer, said:

“Following a year of strong operational and financial performance in 2021, our leverage to the oil price, low-cost production base and focus on capital discipline have continued to drive significant cash flow generation from the Shaikan Field in 2022. We have declared sector-leading dividends of $190 million year to date, $75 million of which is subject to shareholder vote at today’s AGM, while continuing to invest in the high growth potential of the Shaikan Field. We also remain focused on maintaining a robust balance sheet and today we are pleased to announce our intention to call the $100 million outstanding bond, leaving the Company debt free.

Year to date production has averaged c.44,900 bopd. We are prudently managing our wells to avoid traces of water and, as a result, we are tightening 2022 gross production guidance to 44,000 – 47,000 bopd. The installation of water handling facilities will unlock upside production potential and we continue to explore acceleration options in a supply constrained market. In the near-term, we continue to progress our well workover and intervention programme to optimise production. While timing of approval remains uncertain, we also continue to make positive progress on the FDP as we prepare to resume drilling and ramp up production.

Ahead of our AGM later today, I would like to thank our shareholders, employees and other stakeholders in Kurdistan for their continued commitment and support. Together, we are focused on safely delivering the significant value of the Shaikan Field.”

===============================================================================

The numbers speak for themselves, despite some minor operational problems at SH-12, SH-14 and SH-15 for various reasons GKP is in a strong cash generating position even though 2022 guidance has been brought down a touch to 44-47/- b/d after 44,900 b/d in the year to date.

That strong cash generation has seen $273.1m received from the KRG which has led to a cash balance of $247m as at 23rd of June, an imminent cancellation of the $100m bond and declarations of $190m of dividends this year of which $75m is subject to approval by today’s AGM.

GKP is in a very strong position, like the last time some idea of production increases and when will be appreciated but in the meantime the cash generation and distribution speaks for itself.

[johnbuysghost] 24/6/2022 21:50

Just keep on picking up the divi and compounding the gains.

The lower the share price in July, the better. :D

[sbb1x] 24/6/2022 21:06

Khor Mor gas field attacked againhttps://t.co/ZosKHNHfBj

[nestoframpers] 24/6/2022 20:58

Hello notout are you there ? over .

PS don't die before all the WOS trolls now , that would be sad.

[pensioner2] 24/6/2022 20:56

The market. lol

[officerdigby] 24/6/2022 20:29

Yes! PAULS gravestone. Bang gone tomorrow!...

[goatcam] 24/6/2022 19:25

Who’s ‘they’ ?

[pensioner2] 24/6/2022 19:12

Don't kid yourself, GC, they're interested but they don't believe they should get a lower return than the muppets but seeing as we bought in the 50-150 range, that's how it's panning out.

[goatcam] 24/6/2022 18:54

Yep and still the market isn’t interested!

[steephill cove] 24/6/2022 18:43

And just in case you missed it…

$190 million of dividends declared in 2022, a sector-leading dividend yield of 26% based on GKP’s closing price on 22 June 2022

$115 million paid to shareholders to date; additional $75 million, including the previously declared ordinary and special dividends, to be paid in July following approval at AGM

[steephill cove] 24/6/2022 18:34

Update on ordinary and special dividend per share rate

Gulf Keystone will be seeking shareholder approval at today’s AGM to pay total dividends of $75 million, comprising the $25 million annual ordinary dividend declared on 30 March 2022 and the $50 million special dividend declared on 25 May 2022.

The annual ordinary dividend of $25 million is equivalent to 11.56 US cents per Common Share of the Company and is expected to be paid on 15 July 2022, based on a record date of 1 July 2022

The special dividend of $50 million is equivalent to 23.12 US cents per Common Share of the Company and is expected to be paid on 29 July 2022, based on a record date of 15 July 2022

The Company will disclose the pounds sterling rate per share for both dividends prior to their payment dates.

[releasethekraken] 24/6/2022 18:26

Yes sir, paying off the bonds utterly ridiculous..Unless the co sold of courseI filled up best I could today

[goatcam] 24/6/2022 18:11

24-Jun-22 17:52:51 261.033 60,000 Unknown* 258.00 259.00 156.62k

[goatcam] 24/6/2022 17:57

that will be on your gravestone Paul....