Gulf Keystone Petroleum Share Discussion Threads

[redbed] 26/7/2024 09:35

Sinopec almost certainly took a 10% stake here ( that held in the Value partners Stichting)8 years ago....IOC spend billions on just buying the right to drill and explore for oil ( in often terrible parts of the world).Why you seem to believe buying a huge asset, that has huge proven reserves, that has highly competent operators. With years of production, and massive prospectivity, is seen as a big risk for ioc, I have no idea!In any event the corporate clues are clear.

[highlander7] 26/7/2024 09:30

SINOPEC will be subject to the same internal procedures as any other INOC where decisions are made by group meetings then approved by the Legal Dept before going to the BOD for final signing off. They will be classified by RISK. SINOPEC have plenty options elsewhere should they chose to do so.

I agree tho that the Chinese are a possible contender. It depends on the offer and terms offered by the Kurds and the ICG.

IMO

[jackpotjack] 26/7/2024 09:26

At this rate with Labour tax grab plans it will all be pointless as we will loose any profit to them :-)

[redbed] 26/7/2024 09:22

H7,Bought "as is" is always the case.Particularly if the buyers are SINOPEC as Baghdad are in their pockets.From a corporate pov it's clearly sold

[redbed] 26/7/2024 09:20

That's right BGThe AGM resolutions were the the clinching details.Prior to that when they decided to put CCO in as CFO, (lol) I was 90% corporate action on way.After reading resn on CEO stay and workforce reward and retention scheme 100%

[highlander7] 26/7/2024 09:19

What risk?

If you dont know the answer to that then you should not be making "Its sold" predictions.

Risks are generally categorised as follows:

Political / Geopolitical
Financial
Social
Environmental

Take your pick , but lets start with an obvious one. Iran apparently, is just about to build nuclear weapons. Israel has stated that if it does it will take action.

[notaramper] 26/7/2024 09:09

I've got years worth of calendars with dates circled where notout predictions of a buyout are.My question is do I need a calendar for next year 😁😁😁

[redbed] 26/7/2024 08:59

IWNWTBOOTOTWHas never been more apposite

[bang_gone] 26/7/2024 08:46

No litigation nesto.Just a Sale TBA The corporate evidence is now overwhelming.

[nestoframpers] 26/7/2024 08:43

300 been telling that to notout for at least 12 years . Are we nearly there , we just cant tell , litigation is over due 😊

[bang_gone] 26/7/2024 08:29

The most obvious clue was the necessity to change remuneration policy for the foot soldiers.No stock options now, but "restricted stock units " No immediate vest on sale ( as for all senior staff) but "time vested" over 3 years, annually in arrears.This is clearly a move to ensure "business continuity " post sale.If the majority workforce were to be rewarded immediately, and it would be a large windfall in their terms , the risk would be that lots would "do one" and leave...lol.This way they do get very healthy reward, but scaled and therefore incentivesed to stay in employment for 4 years post sale.

[redbed] 26/7/2024 08:16

It's definitely sold TBA

[zangdook] 26/7/2024 08:15

How do Kurdish vs Iraqi oil contracts differ? Is there a risk "standardising" the contracts will be to GKP's disadvantage?

[bang_gone] 26/7/2024 08:15

What risk?The pipeline will open or it won't.In a year IOC can build their own which they will need to for the gas as well anyway It's a 50+ year investment.All GKP Corporate actions and inactions point to sold.

[highlander7] 26/7/2024 08:12

Its possible that an MOU ( sale agreement ) has been informally (or otherwise ) discussed . But it would certainly contain pre conditions and this could be one of the reasons why the ICG is digging its heels in re the O&G Law.

Personally I cannot see any INOC Legal Dept accepting the current risk profile in Kurdistan.

Happy to be wrong.

IMO

[bang_gone] 26/7/2024 08:05

Difference now is the clear corporate evidence that they have sold up.

[torchyellow] 26/7/2024 08:02

Holding fifteen years, how many more before someone calls it right (Takeover) lol !!!!

[bang_gone] 26/7/2024 07:05

Its all noise.@Gulf_Keystone is SOLD TBABefore the end of July

[highlander7] 26/7/2024 06:13

Even power struggles have to end sometime JBG ....its just how.

Time is running out for the ICG. All the Kurds have to do is hang on then the game changes. The question now is will it be allowed to go that far or are they all too happy with the situation as it is now ?

Then we have TK back in the game on the 16th August .

Interesting times

[johnbuysghost] 25/7/2024 22:35

Tonight the street guys admitted that GKP is probably the most undervalued company on earth in 2024.

How odd this 15 year story is........

[bang_gone] 25/7/2024 20:50

But it's all noise.@Gulf_Keystone is SOLD TBABefore the end of July

[bang_gone] 25/7/2024 20:49

Expect sale announcement tomorrow, or latest next Wednesday.

[bang_gone] 25/7/2024 20:49

The buyers needed a contractual assurance that the CEO was retained post acquisition. Hence the AGM resolution for a ' stay bonus 'They basically get him for 6 months to Jan 2025 + as he must not be under notice then, or he does not get the dosh.... Another 12 months. 18 months in total. Expect the SALE RNS within days. "Mr Harris has demonstrated exceptional leadership since his appointment in 2021 and is central to the Company's forward strategy of resolving the current situation regarding the export pipeline closure and the future development of the Shaikan Field. "