Gulf Keystone Petroleum Share Discussion Threads

[doctortakeover] 12/10/2023 10:14

Either stupid or deliberate FUD

[ozzmosiz] 12/10/2023 10:09

You think pumping 110k barrels a day warrants a measily market cap for the compaby at £2.2b?

[johnbuysghost] 12/10/2023 10:03

Begdog knows the inside info on GKP trolls.

[begdog paid 4quid 55 in feb12] 12/10/2023 09:58

I think you people should listen to me. I finally managed to get round to watching the first season of Marcella, and had already guessed the killer by the end of episode 4. Always with the facts.

[doctortakeover] 12/10/2023 09:53

Utter rubbish.The company has at least 180m net entitlement reserves + gas galore ,+ condensate.)and that's from a sub set CPR.15 bucks per 2p is extremely prudent2.8bn now is around 10 quid per share.At 55/60 k bopd 2024 co making 350/400 m earnings At modest p/e 0f 10x. 3.5bn say 13/14 quid......Those are super prudent ......

[johnbuysghost] 12/10/2023 09:53

Don't agree Diamondsandpearls.

Exxon mulled £8 per share in late 2011 with the old share issue in place.

That alone is over £40 per share today.

[diamondandpearls] 12/10/2023 09:46

£100 Per share is just pie in the sky rubbish!!
Only way gkp get a sensible sell price is to get that magic 110kbopd first and at 3b to 4b P2 reserves.
Then I would say £10 is a realistic number untill then forget it.
Maybe attache a FDP for 250kbopd then £15 might be the cheery on the cake but we are 3/4 years away for them numbers.
Only problem I have is gkp getting sold out by the BOD for £2.50p .
They will get a job in the buyer and probably £10m worth of shares each and a nice bug salary.
Us shareholders will get stitched up you just know it ...
Onwards and upwards

[theythinkitsallover] 12/10/2023 09:43

Genel director buy summary

Bilgin Grup Doğalgaz A.Ş. transactions this year are as follows (newest to the top)

630,000 £1.200

100,000 £1.117

450,000 £1.118

25,000 £1.110

750,000 £1.111

100,000 £1.095

300,000 £1.087

213,488 £1.131

220,000 £1.168

16,911 £1.092

Which is a total of 2,805,399 bought at an average price of exactly £1.1350 per share.

So there current holding is 65.328M or 23.31%

[johnbuysghost] 12/10/2023 09:23

Bidding war......£100+ per share imo.

[doctortakeover] 12/10/2023 09:21

35 quid minimum imo.".....JakelaMottaPosts: 32Price: 121.00Strong BuyTakeover valuations after legitimisation of PSC?Today 08:44Clearly no pipeline exports will happen until the APIKUR members are satisfied which means, back payment receipts and firm guarantees on forward payments. That agreement is nearby as the Iraqi PM said yesterday.GKP has always been a hugely attractive operator sat on huge cheap to lift reserves.With huge geo political barriers removed post export resumption , what is the company worth to the Seven Sisters?

[confusciousone] 12/10/2023 09:18

Gross average sales are currently c.33,000 bopd whilst GKP is striving to increase sales volumes. Realised prices have continued to average around $30/bbl. That calculates at roughly $10M in sales per month which more than covering current monthly costs of $6 million - $4M in profit every month, and that is without the pipeline open. There is huge potential upside and we are obviously undervalued at the current SP, any fool can see that even BigMutt.

[fardels bear] 12/10/2023 08:58

Which frightened both the heroes so,They quite forgot their quarrel.

[jackpotjack] 12/10/2023 08:57

Have you seen the effect of buyback on BP SP?

[arcadian] 12/10/2023 08:49

I do hope that Turkey is Lewis Caroll`s big black crow.

[beernut1] 12/10/2023 08:49

From Lse

Turkey gives official notice that pipeline can resume
Political obstacles within Iraq are still preventing crude exports from restarting after a formal letter from BOTAS to SOMO confirmed the pipeline is ready.

Iraqi Prime Minister Mohammed Shia al-Sudani addresses an energy conference in Moscow on Oct. 12, 2023. (Photo credit: Iraqi Oil Ministry)
LIZZIE PORTER OF IRAQ OIL REPORT
THURSDAY, OCTOBER 12TH, 2023

ISTANBUL - Turkey has officially informed Iraq that the northern export pipeline is ready to operate, shifting the onus onto Iraq to restore 475,000 barrels per day (bpd) of crude to global markets.
In a letter dated Oct. 2 to Iraq’s state oil marketing company, SOMO, which was seen by Iraq Oil Report, Turkey's state pipeline company BOTAS writes, "We would like to inform you that the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage and loading of crude oil coming from Iraq on 04.10.2023."

[fairenough11] 12/10/2023 08:41

Not a fan of buybacks,seen first hand the negative impact they can have on the share price Restart Divis until such time as M&A/Change of operators of Kurdistan Oil takes place,which,imo,will be soon after agreements on PSCs legitimizing(in Iraqi eyes) contracts.The gloves will then be off as Big Oil move in imo.

[diamondandpearls] 12/10/2023 08:23

Buy backs will suppress the share price !!
Dividends all the way to T/O thank you very much .
Come on let's grt these back payments and PSC sorted now .
It's the last hurdle now

[habshan] 12/10/2023 08:20

The ICG are now on the hook for $1 million a day while the pipeline remains empty.

APIKUR - "Iraq may be accruing almost $1 million liability each day since October 4 when Türkiye declared its intent to reopen the ITP for export of oil."

Iraq Oil Report:-

Turkey gives official notice that pipeline can resume.

Political obstacles within Iraq are still preventing crude exports from restarting after a formal letter from BOTAS to SOMO confirmed the pipeline is ready.

October 12th, 2023

ISTANBUL - Turkey has officially informed Iraq that the northern export pipeline is ready to operate, shifting the onus onto Iraq to restore 475,000 barrels per day (bpd) of crude to global markets.

In a letter dated Oct. 2 to Iraq’s state oil marketing company SOMO, which was seen by Iraq Oil Report, Turkey's state pipeline company BOTAS writes, "We would like to inform you that the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage and loading of crude oil coming from Iraq on 04.10.2023."

[...]

[shortsqueezer] 12/10/2023 08:16

Yes we are lucky in that respect. But anyway let's get back into profit first eh? :-)

[ptmorris1] 12/10/2023 08:12

SS, I'm not as we get taxed on Divi's here and no ISAs either.
Yings and yangs eh?

[shortsqueezer] 12/10/2023 08:05

Anyway neither are going to happen until we have payment and debt repayment mechanisms in place.

[highlander7] 12/10/2023 08:02

We dont need buybacks ..... we need large dividends or sold.

[doctortakeover] 12/10/2023 08:02

Buyback here would be in breach of UK Takeover Code imo