Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 22/10/2023 13:08

The point you are missing is that the KRG (and possibly , tho unlikely , the ICG) have the final say in any sale. IF, as assumed by many , they have a substantial shareholding in GKP , and greed being the final arbitrator then I would suggest the outcome you suggest is most definitely wrong.

Then of course we have the potential of a legal challenge if shareholders feel hard done by. A fact any major potential buyer is well aware of.

No, we will get asset value with some sort of adjustment ..vis- ( probable reserve increase - risk factor)

IMO

[pittcock] 22/10/2023 13:07

I dont GAF about a takeover. Cash generating business debt free once significantly de risked would mean a share price north of here + continued divis

[gkp_over_100quid_at_takeover] 22/10/2023 13:04

CCC on LSE LOLOLOL
Helping protect retail investors ...LOL

[arcadian] 22/10/2023 13:00

Many here pin their hopes on a takeover once the current issues have passed but if the shareholdings of CJ above are up to date the two majority shareholders could
agree terms to gain BOD agreement so that the bonanza hoped for here might be frustrated and not reach the likes of us. This has happened to me several times and is always quite legitimate.

Structured as an amalgamation all that is required in Bermudan Law and GKP Bye Law 165 is that the KRG agree ( Might be Baghdad now) and a majority at a special shareholder meeting. A majority is in the hands of two shareholders and they could do a deal which might benefit them not us..

Naturally I would be happy for someone to prove the above wrong as I don`t like it either.

[habshan] 22/10/2023 12:30

"APIKUR is but a summer leaf, now withering on the branch as Winter approaches; it has greatly overestimated its own power / relevance / importance.
The Kurds have lost the argument and Bahgdad now rule the roost. Get over it."

Well you're certainly entitled to your opinion Broadford, but not everyone agrees with it.

Qube closed their short a week or so ago.

Worldquant are reducing theirs.

And last week two Genel directors who have the inside line on the negotiations bought £2.6 million worth of shares.

So why do you think they are wrong and you are right.

[gkp_over_100quid_at_takeover] 22/10/2023 12:04

SINOPEC
.

[highlander7] 22/10/2023 11:37

So how is TRP doing these days Broadford ?

You should have listened to TK he knows how to find oil.

LOL

[begdog paid 4quid 55 in feb12] 22/10/2023 11:04

What's the message, Broadford?

[ptmorris1] 22/10/2023 11:02

Broadford Bay
Posting on a Sunday Morning
With his weputation?
Who do you think he is?
The 13th Duke of Wybourne ??

[johnbuysghost] 22/10/2023 10:59

Sunday Deramper Alert!!!!

[broadford bay] 22/10/2023 10:50

APIKUR is but a summer leaf, now withering on the branch as Winter approaches; it has greatly overestimated its own power / relevance / importance.

Yes they can wait, but their cash reserves will deplete as their producing formations also deplete without further substantial investment. Local consumers / refineries are at the mercy of central directives and the prices they offer will fluctuate greatly.

To claim that the dispute with the Kurds is crippling Iraq is utter nonsense. Iraq limits output to help OPEC and, ignoring any Kurd contribution, has about 1.5MMbopd in reserve should the OPEC guidance limits be relaxed.

The Kurds have lost the argument and Bahgdad now rule the roost.
Get over it.

[highlander7] 22/10/2023 09:39

APIKUR is a long overdue good idea. They can now wait as long as is necessary for this
lot to see the obvious. As they will.

The ICG annual budget is already "ambitious " to put it mildly and they are now crippling it with this feud with the Kurds.

[fairenough11] 22/10/2023 09:08

H7,Correct.Many things going on in the background which,imo,will ultimately change Kurdy Oil completely.PSCs,Operators,Compartmentation,JVs,Farmouts,M&A,T/Os are all on the table imo.
With local sales rising across the board and GKP still in good shape having 80% WI
in a GIANT FIELD which will not be given away cheaply,with FDP(cough cough)still to be revealed and Brent at $90+ and rising,it's definitely a Buy/Hold,never a sell.
GLA who are still holding.

[imnotspartacus] 22/10/2023 08:41

Spot on h7

[highlander7] 22/10/2023 08:25

I dont think any news outlet knows exactly what is going on and I dont think they will be told either. We are being fed what they want us to know NOT what is actually happening on the ground. PI's are the mushrooms as always. So you either believe the prospects or you dont. Hold or sell - its that simple.

IMO

[doctortakeover] 22/10/2023 07:31

JakelaMottaPosts: 81Price: 121.10Strong BuyAlready SOLD STCToday 13:47Bermuda registered companies when sold , the legal process starts with the buyer and seller agreeing terms via an Implementation agreement“Implementation Agreementâ€? (in the case of English law transactions)), which will be subject to the law of the parties’ onshore counsel or the jurisdiction in which the company is listed or where the company conducts the majority of business, which sets out the terms and means of effecting the transaction and which will include comprehensive warranties, indemnities, conditions precedent, deal protection mechanisms (if any). In addition, a statutory merger or amalgamation agreement will also be used, which sets out that which is required to be approved by the shareholders under section 105 of the Companies Act.Sinopec(CNPC) approached GKP in Dec 2016.CNPC/S petro-physicists did highly detailed field due diligence 2017/2018.