Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 26/6/2022 08:48

Agreed. GKP was never & will never be a target because it has always sat within both the Line of Control both pre 2014 & after ✅🚂8200;🏁ӿ42;👍💪;

[shortsqueezer] 26/6/2022 08:38

26.66 p at current rates

[r9505571] 26/6/2022 08:28

Gulf Keystone will be seeking shareholder approval at 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.

[highlander7] 26/6/2022 07:32

Then this nonsense ....

Bigdog525 Jun '22 - 12:20 - 656212 of 656235

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.

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

No Doggie , Malcy is only repeating what he was told in his call to GKP. A GKP BOD representative told him that.

As have others on here , who have constantly tried to explain to idiots , that drilling is full of unknowns and operational issues, such as the ones Malcy briefly outlined - are the norm.

H7

[highlander7] 26/6/2022 06:37

The Kurds have to compromise . Whether they like it or not. This is a reasonable price to pay for the freedom the Oil & Gas Law will give to the Global O&G Community to invest in Kurdistan. The Kurds have some powerful cards to play and they now need to negotiate - seriously and collectively. Time is running out for the Industry.

As I have stated repeatedly - GKP was never the target.

H7

[steephill cove] 26/6/2022 02:53

Yes, they just want Kirkuk (Khurmala Dome); the tip of Chemchemal & Kormor back again which all either fully or partially sat outside the Line of Control (marked by a purple dashed line on slide 23 of 47) in 2013 👍

[denziiil] 25/6/2022 23:51

Also it turns out we are not in the firing line.https://shafaq.com/en/Kurdistan/Baghdad-wants-Khurmal-and-Khor-Mor-Erbil-shall-push-for-talks-MP-says

[denziiil] 25/6/2022 23:37

https://shafaq.com/en/Iraq-News/Iraqi-lawmakers-embrace-Barzani-s-vision-for-the-next-governmentI know this has been posted before, and that some of you will defintely be better versed than myself on this.Given the recent judgements from central Iraq, that the Kurdish government have in return argued are unconstitutional, there appears to be a continued deadlock.Although now it appears that Barzani has agreed to commit support in MP numbers to create a ruling government, but and very importantly for us here, under the provision that central Iraq respects Kurdistans oil and gas law, That is my interpretation, and am not sure how this situation can be understood differently.Note: I have not been able to find any information with regards to passing the oil and gas law, but again seems implicit that it would protect current agreements?

[nestoframpers] 25/6/2022 22:39

222 excellent summary thanks Habshan.

[turvart] 25/6/2022 19:17

Pack all your stuff up as a takeover bid is coming in with GKP.

[shortsqueezer] 25/6/2022 18:05

I absolutely concur And I'm sure they don't want to hit the 50k bpd at the moment, for political reasons. It would happen if all the ducks were fully aligned. Give it time.

[turvart] 25/6/2022 17:13

Releasethefraken,

I wasn't surprised as the BOD are very astute and this tells me they have regular meetings to discuss strategy with how to go forward. Paying debt off and also buybacks are the best way to increase future EPS. IF you reduce your outgoings then that theoretically is future EPS growth, don't look at BOPD look at the balance sheet in 2023 results! what they are doing is the way forward trust me.

[releasethekraken] 25/6/2022 15:59

I was surprised they paying debt off.Buyback or more div , they chose to deleverage further.FDP implementation kicked down the road yet again , very odd.Ah well at least they are generating so much cash monthly if they aren't going to progress growth then looking at 150-200 m extra divs this year.that's a lot .

[thebabe] 25/6/2022 14:56

Thanks G-dogBaby,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 13:56

h7 I assume you've forgotten about your prediction of early 2021 that the 55k a day was weeks away?

I said they wouldn't reach it in 2021. I also said S14 wouldn't be their last well to achieve the 55k and that they will need S15 at least. We can now see they will need even more wells in addition to S15 and that the 55k is ages away still.

Gas flaring not an issue according to you. Just wait:-)

And you stated the FDP was agreed back in 2021!! So how come the company are still trying to progress it?

What happened to the PSC amendment that was one of JF's first jobs, lol.

Like a reminder of any more of your classics?

[bigdog5] 25/6/2022 13:46

Have a look back at my prediction to see that I got very close to it. What have you and your fellow fantasists been correct about? What has RW been proved correct about?

Do try very hard to be honest, you know I've got most of my predictions and views correct.

Remember, you were saying I was making it all up about the problems at S9, S12, S13, S14? As BB just posted up, last year they were telling you suckers it was dry oil. They then proved me correct with the water problems. You still haven't worked out why it took them so long to test the wells have you?

The field is a loc and you'll realise in the fullness of time. Enjoy the divis as provided by the ludicrous artificial price that's been engineered by those with a vested interest to claw back their losses from the pandemic.

[highlander7] 25/6/2022 13:23

So Doggie when do you think we will hit that 40p share price target you keep shouting about ?

LOL

H7

[bigdog5] 25/6/2022 13:19

Back at ya highlander and we all ought to realise that oil investor managed to get fekk all correct apart from talking a good game.

oil_investor - 27 May 2017 - 18:03:30 - 540180 of 653241

"Shaikan is world-class" - Jon Ferrier

You're obviously unaware of what he's said privately about the field:-)

"Shaikan will produce for 80 to 100 years" - John Gerstenlauer

Yes it could so long as production falls to 1k a day. But the company appear to be on track with that.

"The Reserves are huge and real" - Tony Peart

The Reserves are less than what the CPR's state and the company only have 58% of them.

"GKP have billions of barrels of recoverable barrels" - colleague of Tony Peart

See above, he had a vested interest in what BS Kozel came out with.

"I joined GKP because of the asset" - Jon Ferrier

He joined for the money and then got a shock, see above.

"The Transient Drainage Radius is 6 miles" - John Stafford

Another of "your experts" that even RW thought talked BS.

"Shaikan will produce beyond the lives of our grandchildren" - Jon Ferrier

It will at 1k a day.

"The oil hasn't gone anywhere" - John Gerstenlauer

They can't find it and what they can find they're having massive issues with.

"An extra 0.2% Fracture Porosity would add 800 million barrels to Reserves overnight" - John Stafford

And why is it that all those that made BS announcements have left? They know they got it all wrong?

"Shaikan is second only to Kirkuk" - John Hurst, Exploration Director Genel Energy

Only in alphabetical terms. Genel, the company that over estimated their oil in place and Reserves massively and were forced to reduce them three times? Did he have anything to do with that statement? Would you care to know what JF's reaction and words were when Genel were forced to downgrade their Reserves:-)

The Kozel barrels aren't there, the data from his regime has now been proved to be wrong.

You'll see in the fullness of time. That's when I will rip it out of you again just like I did with the first wipeout:-)

[broadford bay] 25/6/2022 13:14

Annual Report & Accounts 2021
P29, "Wells produce dry oil with NO water"

2022 pre-AGM Ops Update
P1, 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.


(CAPS are mine)

[highlander7] 25/6/2022 12:49

One for you Doggie......



oil_investor - 27 May 2017 - 18:03:30 - 540180 of 653241

"Shaikan is world-class" - Jon Ferrier

"Shaikan will produce for 80 to 100 years" - John Gerstenlauer

"The Reserves are huge and real" - Tony Peart

"GKP have billions of barrels of recoverable barrels" - colleague of Tony Peart

"I joined GKP because of the asset" - Jon Ferrier

"The Transient Drainage Radius is 6 miles" - John Stafford

"Shaikan will produce beyond the lives of our grandchildren" - Jon Ferrier

"The oil hasn't gone anywhere" - John Gerstenlauer

"An extra 0.2% Fracture Porosity would add 800 million barrels to Reserves overnight" - John Stafford

"Shaikan is second only to Kirkuk" - John Hurst, Exploration Director Genel Energy