Gulf Keystone Petroleum Share Discussion Threads

[habshan] 13/10/2023 14:50

Bigdog - "The company was for sale on the lead up to the 2016 wipeout. The deals/numbers being talked about were way less than £1 old money. Then DNO looked at the field, evaluated it, saw there was several issues and offered around 70pps old money cash before walking away."

Well that may be your understanding Sarah and that DNO "walked away", but here is the reality:-

"The board of Gulf Keystone has rejected DNO ASA's proposal to acquire the total share capital of the company, which it received by letter on July 28.

“Completion of the restructuring best serves our stakeholders and we will not engage in any additional process that causes the company to be distracted from that objective. The company has responded to DNO accordingly,” Gulf Keystone said in a company statement."

Cantor Fitzgerald Oil Analyst Sam Wahab tells Proactive - "In terms of DNO I think they're really playing down the value of Shaikan as an asset which comes across as slightly contrived in my opinion given that if they didn't believe it to be a good producer they wouldn't be coming back to the table looking to acquire it again."

So there you go, DNO and their "offer" were laughed out of the office and they were told to clear off.

I'm sure you know the feeling Sarah, it must happen to you all the time.

[begdog paid 4quid 55 in feb12] 13/10/2023 14:25

Vimto ribena is my tipple of choice tonight.

It's revitalizing, refreshing and in the budget. My mum said I'm not allowed the full sugar stuff though - too many E numbers, the old cow. Innit.

[highlander7] 13/10/2023 14:24

You cant bribe Major Oil Companies. Decisions are made by committee then approved by the BOD and signed of by Legal.

[pittcock] 13/10/2023 14:07

News from the IOCs over the weekend imho

[petebreeze37] 13/10/2023 14:05

I can imagine the wokery trickery going on to bribe the iocs. Tens of Millions here and this is nothing to these players

[johnbuysghost] 13/10/2023 14:04

Pints of Madri are quite lethal. Nearly as lethal as good old Stella.

[shortsqueezer] 13/10/2023 14:03

Wine box at home afterwards:-)

[shortsqueezer] 13/10/2023 14:02

Pints on draught

[johnbuysghost] 13/10/2023 14:02

19 Crimes Red Wine is todays snifter.

[johnbuysghost] 13/10/2023 13:59

I've got a wine box with my name on it.

[johnbuysghost] 13/10/2023 13:57

Pints or bottles shortsqueezer?

[shortsqueezer] 13/10/2023 13:52

Couldn't wait any longer. I'm on the Madri

[highlander7] 13/10/2023 13:52

£25 - £50

IMO

[gkp_over_100quid_at_takeover] 13/10/2023 13:49

RE: TAKEOVER VALUATIONS?Today 11:40

So - back to reality....


Shaikan is the largest land based fossil fuel discovery for decades.


The oil and gas resources are huge , even based on the current ( subset of field ) CPR.


CNPC petro-physicists who have had access to both field pressure data and core samples believe the field could have far higher porosity and hence far higher reserves than is currently the case.


The notion that the Seven Sisters would have no interest in acquiring GKP is ludicrous.


So what valuation would a legitimised GKP have?


Several billion dollars ?

[brizzieboy] 13/10/2023 13:44

£5.85 take over price

[doctortakeover] 13/10/2023 13:06

35 quid minimum , may well be £ 100 ++....................RE: TAKEOVER VALUATIONS?Today 11:40So - back to reality....Shaikan is the largest land based fossil fuel discovery for decades.The oil and gas resources are huge , even based on the current ( subset of field ) CPR.CNPC petro-physicists who have had access to both field pressure data and core samples believe the field could have far higher porosity and hence far higher reserves than is currently the case.The notion that the Seven Sisters would have no interest in acquiring GKP is ludicrous.So what valuation would a legitimised GKP have?Several billion dollars ?

[shortsqueezer] 13/10/2023 13:06

Once it's blue I shall be away too. To the pub :-)

[fardels bear] 13/10/2023 13:00

Goes up another couple of pence and that'll be bye bye poochy for the rest of the day. He hates posting when the share price is at ath levels.

[gkp_over_100quid_at_takeover] 13/10/2023 12:31

35 quid minimum , may well be £ 100 ++

....................
RE: TAKEOVER VALUATIONS?Today 11:40

So - back to reality....


Shaikan is the largest land based fossil fuel discovery for decades.


The oil and gas resources are huge , even based on the current ( subset of field ) CPR.


CNPC petro-physicists who have had access to both field pressure data and core samples believe the field could have far higher porosity and hence far higher reserves than is currently the case.


The notion that the Seven Sisters would have no interest in acquiring GKP is ludicrous.


So what valuation would a legitimised GKP have?


Several billion dollars ?

[arcadian] 13/10/2023 12:13

Doctor

The only valid valuation it the ability to translate what is there into hard cash,

without which there can be no value to us or anyone else.

We need a deal that produces back pay and ongoing pay. Then you can have your

valuation day.