Gulf Keystone Share Price (GKP)

Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +5.00p +3.02% 170.80p 1,353,654 16:03:13
Bid Price Offer Price High Price Low Price Open Price
170.80p 171.00p 172.80p 165.80p 166.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 127.6 10.4 4.6 38.8 391.87
Related Shares
Shell A (RDSA), BP (BP.), Nighthawk Energy (HAWK), Magnolia Pet (MAGP)

Gulf Keystone (GKP) Latest News

Gulf Keystone News

Date Time Source Headline
18/4/201807:00UKREGGulf Keystone Petroleum Ltd. Payment of Reinstated Notes Coupon
17/4/201811:46ALNCGulf Keystone Nets USD18M From January Oil Sales To Iraqi Government
17/4/201807:13ALNCFAlliance News Flash Headline
17/4/201807:00UKREGGulf Keystone Petroleum Ltd. Shaikan Payment Update
13/4/201813:45ALNCIN THE KNOW: Gulf Keystone In Strong Position To Press On At Shaikan
11/4/201810:58ALNCGulf Keystone Sees Profit From Kurdistan Oil For First Time
11/4/201807:01UKREGGulf Keystone Petroleum Ltd. 2017 Full Year Results
29/3/201811:02ALNCGulf Keystone Petroleum Appoints Ex-OMV Director Huijskes As Chairman
29/3/201807:02UKREGGulf Keystone Petroleum Ltd. Appointment of Non-Executive Chairman
22/3/201809:47ALNCGulf Keystone Petroleum Gets USD21.5 Million Payment From Kurdistan
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Gulf Keystone (GKP) Discussions and Chat

Gulf Keystone Forums and Chat

Date Time Title Posts
26/4/201816:11THE NEW GKP / Drilling for Super Giants (moderated)563,177
19/4/201809:11GKP - from hero to zero?33,713
19/4/201807:04Chix's road to riches!149
17/4/201812:09Chevron would love to, but MOL is in bed with Rosneft6
05/4/201816:13GKP - The Last Days5,047

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Gulf Keystone (GKP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:03:13170.80416710.53AT
14:55:37171.201,8003,081.60AT
14:55:37171.202,0003,424.00AT
14:54:02170.802,4564,194.85AT
14:53:52170.801,3012,222.11AT
View all Gulf Keystone trades in real-time

Gulf Keystone (GKP) Top Chat Posts

DateSubject
26/4/2018
09:20		Gulf Keystone Daily Update: Gulf Keystone Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone was 165.80p.
Gulf Keystone Petroleum has a 4 week average price of 128p and a 12 week average price of 106p.
The 1 year high share price is 172.80p while the 1 year low share price is currently 86.25p.
There are currently 229,429,566 shares in issue and the average daily traded volume is 1,392,029 shares. The market capitalisation of Gulf Keystone Petroleum is £391,865,698.73.
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14/4/2018
20:51		nestoframpers: Mikey Re Ghost trades Since the Ghost Trades started on Tuesday the 20th March 2018 the total has kept rising each day, and as long as I have not missed any Ghost Trades but recorded & totalled every reported Ghost Trade that has gone through, it is my opinion that they may stop in a few days. 20th March . . . . .321,498 . . . 40 trades 21st March . . . . . 534,636 . . . 65 trades 22nd March . . . . .115,757. . . 32 trades 23rd March . . . .1,024,892 . . . 50 trades 24th March . . . . . 231,166 . . . 103 Trades 27th March . . . . . . . .4,729 . . . 19 trades . . . reported during the morning auction 27th March . . . . 1,897,052 . . . 94 Trades 28th March . . . . . . .13,625 . . . 18 trades . . . reported during the morning auction 28th March . . . . . .598,135 . . . 75 trades 29th March . . . . . . .16,920 . . . 23 trades 3rd April . . . . . . . . 408,601 . . . 36 trades 4th April . . . . . . . . . 17,074 . . . 17 Trades 5th April . . . . . . . . 150,920 . . . 73 trades 6th April . . . . . . . . 913,803 . . . 25 trades 9th April . . . . . . .1,075,635 . . . 55 trades 10th April . . . . . . . 101,527 . . . 45 trades . . . reported during the morning Auction 10th April . . . . . . . 161,514 . . . 44 trades 11th April . . . . . . . . 15,917 . . . .8 trades . . . reported during the morning Auction 11th April . . . . . . . 201,710 . . . 28 trades 12th April . . . . . . . . 49,732 . . . 35 trades 13th April . . . . . . . 371,338 . . . 34 trades . . . reported during the morning Auction 13th April . . . . . . . 871,722 . . . 81 Trades Total 8,275,721. I have repeatedly said that there are two sides to every trade no matter which way the Price is going, a Buy and a Sell. The Wholesale Trade uses the Retail Trade to Buy from and Sell too in a type of symbiotic relationship. In the case of a Fall in Price, the Retail Trade is selling to the Wholesale Trade, and in the case of a Rise the Wholesale Trade is selling to the Retail Trade. At present the Retail Trade is Buying so the Share Price is Rising. Over the last 17 months the Share Price has been shaken up and down as Institutions placed Buy Orders of over 12 million with the DMM's which was reported by the Morning Star. In May 2010 after the 75p Funding the Share Price rose to 154p as the Shares that were issued in exchange for money were sold into the Market to Retail Investors. In October 2010 after the 140p Funding the Share Price rose to 203p as the Shares that were issued in exchange for money were sold into the Market to Retail Investors. In September 2011 after the 140p Funding the Share Price rose to 203p by the 21st December then pushed by Takeover speculation rose further to 450p When BlackRock Fund Managers Ltd who held 2,980,596 sold 1,092,233share the Price went up and Blackrock was left with 1,888,363 shares Fideuram Asset Mgmt Ltd held 2,419 221 Shares and they sold 1,537,576 which cause the Rise to 130p on the 23rd January 2018. If you look at the Daily Ghost Trade Reports each day they are being progressively reported at higher and higher prices, dictating the Opening or Closing Price each day. In my opinion the appearance of VFIL is connected to the Ghost Trades, with VFIL being the receiver of the Ghost Trades each day which he feeds into Ask side of the Book to maintain the rise. There is a list of large Share Holders and any one of them could be taking Profit and causing the Rise. Again, on condition that I have recorded every Ghost Trade that has been reported by Interactive Investor the Total stands at 8,275,721, and if the Ghost Trades cease were I expect them to at around 9,510,803, then the Seller is Cape View Capital, and If as I think the Seller is Cape View Capital, then as CVC holds just 4.15% of GKP Shares being under 5% he will not have to make a Public Report by a TR-1: notification, but by the actual total amounts of Ghost Trades will indicate CVC is the Seller. So at the rate the Ghost Trades are being reported and if the Seller is Cape View Capital, then CVC's remaining 1,235 082 will be exhausted by Wednesday Thursday and the rise will cease. If the Ghost Trades continue past the C. 9,510,803 amount, then the Seller is one of GKP's larger Hedge Fund Share Holders who will have to report their change of Holding by a TR-1: notification. IMO only. Mikey
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12/3/2018
20:18		oil_investor: Bigdog5: OK, I’ll address your points ¥¥¥ "$$$ Proved and Probable Reserves are no measure of what’s actually there, in a situation like Shaikan". Really? So an interested party will pay for something that GKP say "we think it's there"? Are you serious? Therefore, what might be there either has very little or no value, imo. ¥¥¥ what I said is correct. For example: when GKP made the discovery at Shaikan-1, the share price went up dramatically, There were no Proved and Probable Reserves. In fact, there weren’t any for almost another five years. When you yourself valued GKP on here, you were doing so on the basis of the Oil In Place. Not the (zero) 2P Reserves, And had GKP been sold during that period, such a sale would not have been on the basis of 2P Reserves because the figure was zero. On your current logic, both Jonathan Gaisman QC and Simon Picken QC knowingly and deliberately misled Lord Justice Christopher Clarke at the Pantomine, because they both gave him valuations (the former’s valuation being never revealed) because there were no Reserves, they were zero. But of course Shaikan did have a value. Even on the basis of the CPR you have to add various other categories onto the 2P: the Category 3, the Contingent Resources, the reclassified gas as liquids, etc, and take a view on “what it all means commercially”. In any case, 2P Reserves are probabilistic, as the definition makes clear. If you don’t believe me, ask ERC Equipoise. I'll say it again. ShaiCON 6 found the boundary. Therefore material kms has been lost out that way. ¥¥¥ Shaikan-6 was a delineation well, looking for the eastern boundary of the anticline. It found oil deeper than expected, it says so in RNS. Your comment “material kilometres” doesn’t seem to make sense to me. The seismic had shown that there wasn’t a Western boundary as such, because Shaikan continues to form the Eastern section (the footwall) of Sheikh Adi. $$$ but ERCE said in the September 2015 CPR that production was constrained by export capacity constraints and the existing wells could produce very much more than they were. Maybe back then but what does the current situation say? Material fallen production and the requirement for ESP's. A well is likely to top out at 5k a day. Hence new wells will be needed for the 55k a day. Will the ESP's be enough for even 40k a day? ¥¥¥ it is impossible to interpret the current production situation based upon the public statements made by GKP and ERC Equipoise. You will recall that when GKP first proposed installing ESPs, they told the market that the wells were expected to start gassing-out. I said at the time that didn’t make sense - an ESP will quickly seize up if it’s trying to pump gas, which a liquid pump simply cannot do anyway. Why is a well likely to give a maximum output of 3000 bopd? Where does that figure come from? Now you refer to wells *in the plural* being required to achieve 55,000 bopd. GKP have said nothing of the sort. You were a massive critic of JS so to deny it now is rather disingenuous. ¥¥¥ no. I became a critic of John Stafford when he changed his stance after having publicly criticised key aspects of the CPR. Why isn’t he still at GKP? Do you have anything to say about his apparent involvement with Crestal Energy? Didn't you state that getting back to 40k a day was easy, cheap and imminent? Also that 55k a day wasn't a problem? Are you now saying you don't agree with going for 55k? ¥¥¥ in my opinion, 40,000 bopd is easy to achieve. It can only be imminent when GKP do what is necessary to restore it to that level. Installing ESPs to pump gas is certainly not going to achieve that. When GKP started talking about the gassing-out issue, ERC Equipoise were saying in the September 2015 CPR that the output of the current wells was restricted. I have the hard copy version of the CPR in front of me. From page 3: “Field production is constrained by export capacities and the combined well potential far exceeds current production levels”. ¥¥¥ I believe in delivering shareholder value. Unless Jon Ferrier can explain how increasing Shaikan output to 55,000 bopd can achieve that, my view is that there’s no reason which is explained via costings or whatever to support it, to oppose it, or whatever. It may be the best move, or it may not be. A farm-in deal under which some much larger oil company etc. bought part of Shaikan and provided funding to lift Jurassic production to e.g. 100,000 bopd might be a better way to deliver shareholder value. Might be. You are presumably aware that it is virtually unknown for a small company such as GKP to operate a giant oilfield such as Shiakan? You keep bringing up that slides and other info has "disappeared" from GKP's website. ¥¥¥ slides, presentations, webcasts and GulfTV episodes have indeed disappeared from the GKP website. And not on just one occasion. If the info on said slides was correct why would the company remove it? ¥¥¥ how can photographs of cores, which were taken from various wells at Shaikan, not be correct? How can seismic maps not be correct? How can Jon Ferrier’s 2015 Christmas message to shareholders not be correct? Or do they now consider it false? ¥¥¥ how can the things which I mention above, as examples, be false? Or were they instructed to remove it? ¥¥¥ how should I know the answer to that? You could ask Jon Ferrier but I very much doubt if he would tell you that there was a shadow Director or some sort of hidden hand. Do you think he would? If so why? ¥¥¥ that’s a question about a hypothetical situation - some hypothetical person outside of GKP hypothetically telling Jon Ferrier what to do - and the hypothetical reason why that hypothetical person did that hypothetical thing, in other words a hypothetical motive. A chain of hypotheticals. Who knows? I'm questioned as to why I don't believe anything that comes from the company/Koruptistan. How about your comment regarding JF giving three different excuses why ESP's haven't been installed? ¥¥¥ how about it indeed. I've said here it's obvious and only today OM63 has spelled it out to you all. Perhaps you should listen to him. ¥¥¥ what’s obvious? Aimvho of course
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28/2/2018
10:40		massive takeover price: Good Morning😎 8526;😎ԅ26;😎 SOLD announcement imminent Buy as many as possible BEIJING (Bloomberg) -- China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of (*now not at all )beleaguered Kurdish oil producer Gulf Keystone Petroleum, people familiar with the matter said.The state-owned oil giant, known as Sinopec, is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private. The company may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said. Representatives for Gulf Keystone and Sinopec declined to comment. The private auction began then Dec 13 2016 The board have spelt it out to shareholders clearly enough : -RNS 19/9 consider approaches from interested parties/ auction The VCP required Gkp to enter a binding deal before Dec 31 2017 or the buyers would be penalised hundreds of millions - hence they signed last year. Legals to completion of deal take a few months on a deal measured in several billions. -RNS 22/1 conclude commercial matters in near future / very pleased 😆 -RNS 1/2. Issue ALL staff with bonus shares options only worth anything at strike prices over £1.21 - staff all ready armed to cash in once trade sale announced and the share price rockets. Meanwhile bashers Bigdog oilman63 and their associates hammer away to rebut obfuscate any positivity across all Gkp forums. It's all under watch So fill those BOOTS -RNS Very very / near future SOLD So imminent completion announcement of sale.So how much per share? On Sinopec purchase of addax =£17 On last years next door neighbour sale of Western Zagros = £22 On average 2015/16 e and p per 2 p = £ 16.50 But the lift costs are almost lowest in world- they have massive production dataset to de-risk the asset.Set to produce for many decades and massively prospective. Plus 18 interested parties so huge competition.and no longer beleaguered $165 m cash making 8-10m cash profits every month 💵💵💵💵 8181;💵ԁ81; £30 plus IMO GkP is a Bermudan registered co here's how the deal done: Is it common to obtain a memorandum of understanding or undertaking from key shareholders to sell their shares? If so, are there any disclosure requirements or other restrictions on the nature or terms of the agreement? To increase the likelihood of success, a bidder can seek irrevocable undertakings from key shareholders of the target company before making the offer. In the case of a proposed amalgamation or merger, the undertaking would be to vote to approve the amalgamation or merger on the terms set out in the notice of shareholders' meeting circulated by the target company. There are no disclosure requirements or other restrictions on the nature or terms of the agreement. This group are in concert - and will be the parties providing the irrevocables. Gulf Keystone has reached agreement with a majority of its creditors, including holders of approximately 66% of the aggregate principal amount of the Guaranteed Notes and approximately 50% of the aggregate principal amount of the Convertible Bonds, as well as its largest Shareholders, Capital Research and Management Company, as investment advisor to New World Fund, Inc. and SMALLCAP World Fund, Inc. ("Capital"), to address its short and longer term funding needs via a capital restructuring and open offer (the "Restructuring"). - As is the case in many other jurisdictions, once an agreement has been reached to commence formal negotiations it is common to see arrangements whereby the parties agree that they will only negotiate with one another for an agreed period of time with a view to agreeing a definitive deal. When negotiating and documenting the terms of any agreed deal, particularly where there will be a large gap between signing and closing, we are often asked to advise on “no-shopâ€; provisions. These seek to prevent a target company from soliciting or encouraging third-party proposals once a binding transaction agreement has been executed.
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28/2/2018
09:12		massive takeover price: 😎 BEIJING (Bloomberg) -- China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of (*now not at all )beleaguered Kurdish oil producer Gulf Keystone Petroleum, people familiar with the matter said.The state-owned oil giant, known as Sinopec, is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private. The company may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said. Representatives for Gulf Keystone and Sinopec declined to comment. The private auction began then Dec 13 2016 The board have spelt it out to shareholders clearly enough : -RNS 19/9 consider approaches from interested parties/ auction The VCP required Gkp to enter a binding deal before Dec 31 2017 or the buyers would be penalised hundreds of millions - hence they signed last year. Legals to completion of deal take a few months on a deal measured in several billions. -RNS 22/1 conclude commercial matters in near future / very pleased 😆 -RNS 1/2. Issue ALL staff with bonus shares options only worth anything at strike prices over £1.21 - staff all ready armed to cash in once trade sale announced and the share price rockets. Meanwhile bashers Bigdog oilman63 and their associates hammer away to rebut obfuscate any positivity across all Gkp forums. It's all under watch So fill those BOOTS -RNS Very very / near future SOLD So imminent completion announcement of sale.So how much per share? On Sinopec purchase of addax =£17 On last years next door neighbour sale of Western Zagros = £22 On average 2015/16 e and p per 2 p = £ 16.50 But the lift costs are almost lowest in world- they have massive production dataset to de-risk the asset.Set to produce for many decades and massively prospective. Plus 18 interested parties so huge competition.and no longer beleaguered $190 m cash in bank making 10m cash profits every month 💵💵💵💵 8181;💵ԁ81; £30 plus IMO GkP is a Bermudan registered co here's how the deal done: Is it common to obtain a memorandum of understanding or undertaking from key shareholders to sell their shares? If so, are there any disclosure requirements or other restrictions on the nature or terms of the agreement? To increase the likelihood of success, a bidder can seek irrevocable undertakings from key shareholders of the target company before making the offer. In the case of a proposed amalgamation or merger, the undertaking would be to vote to approve the amalgamation or merger on the terms set out in the notice of shareholders' meeting circulated by the target company. There are no disclosure requirements or other restrictions on the nature or terms of the agreement. This group are in concert - and will be the parties providing the irrevocables. Gulf Keystone has reached agreement with a majority of its creditors, including holders of approximately 66% of the aggregate principal amount of the Guaranteed Notes and approximately 50% of the aggregate principal amount of the Convertible Bonds, as well as its largest Shareholders, Capital Research and Management Company, as investment advisor to New World Fund, Inc. and SMALLCAP World Fund, Inc. ("Capital"), to address its short and longer term funding needs via a capital restructuring and open offer (the "Restructuring"). - As is the case in many other jurisdictions, once an agreement has been reached to commence formal negotiations it is common to see arrangements whereby the parties agree that they will only negotiate with one another for an agreed period of time with a view to agreeing a definitive deal. When negotiating and documenting the terms of any agreed deal, particularly where there will be a large gap between signing and closing, we are often asked to advise on “no-shopâ€; provisions. These seek to prevent a target company from soliciting or encouraging third-party proposals once a binding transaction agreement has been executed.
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28/2/2018
07:33		massive takeover price: A❤️0084;️❤;️Good Morning 😎😎😎😎 8526;😂ԅ14;😂 SOLD BEIJING (Bloomberg) -- China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of (*now not at all )beleaguered Kurdish oil producer Gulf Keystone Petroleum, people familiar with the matter said.The state-owned oil giant, known as Sinopec, is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private. The company may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said. Representatives for Gulf Keystone and Sinopec declined to comment. The private auction began then Dec 13 2016 The board have spelt it out to shareholders clearly enough : -RNS 19/9 consider approaches from interested parties/ auction The VCP required Gkp to enter a binding deal before Dec 31 2017 or the buyers would be penalised hundreds of millions - hence they signed last year. Legals to completion of deal take a few months on a deal measured in several billions. -RNS 22/1 conclude commercial matters in near future / very pleased 😆 -RNS 1/2. Issue ALL staff with bonus shares options only worth anything at strike prices over £1.21 - staff all ready armed to cash in once trade sale announced and the share price rockets. Meanwhile bashers Bigdog oilman63 and their associates hammer away to rebut obfuscate any positivity across all Gkp forums. It's all under watch So fill those BOOTS -RNS Very very / near future SOLD So imminent completion announcement of sale.So how much per share? On Sinopec purchase of addax =£17 On last years next door neighbour sale of Western Zagros = £22 On average 2015/16 e and p per 2 p = £ 16.50 But the lift costs are almost lowest in world- they have massive production dataset to de-risk the asset.Set to produce for many decades and massively prospective. Plus 18 interested parties so huge competition.and no longer beleaguered $190 m cash in bank making 10m cash profits every month 💵💵💵💵 8181;💵ԁ81; £30 plus IMO GkP is a Bermudan registered co here's how the deal done: Is it common to obtain a memorandum of understanding or undertaking from key shareholders to sell their shares? If so, are there any disclosure requirements or other restrictions on the nature or terms of the agreement? To increase the likelihood of success, a bidder can seek irrevocable undertakings from key shareholders of the target company before making the offer. In the case of a proposed amalgamation or merger, the undertaking would be to vote to approve the amalgamation or merger on the terms set out in the notice of shareholders' meeting circulated by the target company. There are no disclosure requirements or other restrictions on the nature or terms of the agreement. This group are in concert - and will be the parties providing the irrevocables. Gulf Keystone has reached agreement with a majority of its creditors, including holders of approximately 66% of the aggregate principal amount of the Guaranteed Notes and approximately 50% of the aggregate principal amount of the Convertible Bonds, as well as its largest Shareholders, Capital Research and Management Company, as investment advisor to New World Fund, Inc. and SMALLCAP World Fund, Inc. ("Capital"), to address its short and longer term funding needs via a capital restructuring and open offer (the "Restructuring"). - As is the case in many other jurisdictions, once an agreement has been reached to commence formal negotiations it is common to see arrangements whereby the parties agree that they will only negotiate with one another for an agreed period of time with a view to agreeing a definitive deal. When negotiating and documenting the terms of any agreed deal, particularly where there will be a large gap between signing and closing, we are often asked to advise on “no-shopâ€; provisions. These seek to prevent a target company from soliciting or encouraging third-party proposals once a binding transaction agreement has been executed.
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27/2/2018
10:45		massive takeover price: Cash $190m profits $10m / month Free cash generation $10m a month So back to reality 💰💰💰💰 8176;💰ԁ76;💰TAKEOVER announcement imminent now days only💰㈑6;💰💰💰 Hold what you have💵Buy as many as you can BEIJING (Bloomberg) -- China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of (*now not at all )beleaguered Kurdish oil producer Gulf Keystone Petroleum, people familiar with the matter said.The state-owned oil giant, known as Sinopec, is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private. The company may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said. Representatives for Gulf Keystone and Sinopec declined to comment. The private auction began then Dec 13 2016 The board have spelt it out to shareholders clearly enough : -RNS 19/9 consider approaches from interested parties/ auction The VCP required Gkp to enter a binding deal before Dec 31 2017 or the buyers would be penalised hundreds of millions - hence they signed last year. Legals to completion of deal take a few months on a deal measured in several billions. -RNS 22/1 conclude commercial matters in near future / very pleased 😆 -RNS 1/2. Issue ALL staff with bonus shares options only worth anything at strike prices over £1.21 - staff all ready armed to cash in once trade sale announced and the share price rockets. Meanwhile bashers Bigdog oilman63 and their associates hammer away to rebut obfuscate any positivity across all Gkp forums. It's all under watch So fill those BOOTS -RNS Very/near future SOLD So imminent completion announcement of sale.So how much per share? On Sinopec purchase of addax =£17 On last years next door neighbour sale of Western Zagros = £22 On average 2015/16 e and p per 2 p = £ 16.50 But the lift costs are almost lowest in world- they have massive production dataset to de-risk the asset.Set to produce for many decades and massively prospective. Plus 18 interested parties so huge competition.and no longer beleaguered $165 m cash making 8m cash profits every month 💵💵💵💵 8181;💵ԁ81; £30 plus IMO 💵💵💵💵 8181;💵ԁ81;CCash $190m profits $10m / month Free cash generation $10m a month So back to reality 💰💰💰💰 8176;💰ԁ76;💰TAKEOVER announcement imminent now days only💰㈑6;💰💰💰 Hold what you have💵Buy as many as you can BEIJING (Bloomberg) -- China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of (*now not at all )beleaguered Kurdish oil producer Gulf Keystone Petroleum, people familiar with the matter said.The state-owned oil giant, known as Sinopec, is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private. The company may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said. Representatives for Gulf Keystone and Sinopec declined to comment. The private auction began then Dec 13 2016 The board have spelt it out to shareholders clearly enough : -RNS 19/9 consider approaches from interested parties/ auction The VCP required Gkp to enter a binding deal before Dec 31 2017 or the buyers would be penalised hundreds of millions - hence they signed last year. Legals to completion of deal take a few months on a deal measured in several billions. -RNS 22/1 conclude commercial matters in near future / very pleased 😆 -RNS 1/2. Issue ALL staff with bonus shares options only worth anything at strike prices over £1.21 - staff all ready armed to cash in once trade sale announced and the share price rockets. Meanwhile bashers Bigdog oilman63 and their associates hammer away to rebut obfuscate any positivity across all Gkp forums. It's all under watch So fill those BOOTS -RNS Very/near future SOLD So imminent completion announcement of sale.So how much per share? On Sinopec purchase of addax =£17 On last years next door neighbour sale of Western Zagros = £22 On average 2015/16 e and p per 2 p = £ 16.50 But the lift costs are almost lowest in world- they have massive production dataset to de-risk the asset.Set to produce for many decades and massively prospective. Plus 18 interested parties so huge competition.and no longer beleaguered $165 m cash making 8m cash profits every month 💵💵💵💵 8181;💵ԁ81; £30 plus IMO 💵💵💵💵 8181;💵ԁ81;
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28/1/2018
15:32		nestoframpers: Mikey on iii Due to something happening this weekend I have had reason to look over the Value Creation Plan (VCP) again, which I orignally thought it was a simple Share Bonus plan, but now I believe it sets out a timescale inside which is the reason for the last c.12 months of share price turmoil has taken place. Please Note the Dates mentioned in this post are IMO time critical to what has happen to the Share Price since late 2016 to when the current Rise began. On the "8th December 2016" GKP held an AGM to vote on 10 Proposals hxxp://ir1.euroinvestor.com/asp/ir/GulfKeystone/NewsRead.aspx?storyid=13481602&ishtml=1 Of the 10 Proposals Number 9 dealt with the VCP. On the "8th December 2016" after Major Shareholder intervention a changed VCP Proposal was passed. So the VCP came into force on the "8th December" On the "12th December 2016" the Completion of Share Consolidation RNS arrived and in that RNS is terms of the VCP are set out. http://www.gulfkeystone.com/media/108652/Proposed-consolidation-of-common-shares-and-notice-of-2016-AGM.pdf When the GKP Board of Directors made the VCP up and added it to the Proposals at the AGM, one has to remember that the Board of Directors are "termed" as INSIDERS, regarding when certain Events are going to happen, plus as far as I can ascertain GKP are still in a Closed Period. We know the Board of Directors knew they were in Discussions with the KRG/MNR regarding a 2nd Amendment to the Shaikan Licence as they have told us. After re-reading the VCP and RNS's surrounding the VCP today, I realised they indicated dates inside which there was time for certain things to happen, and I realised the Market aka The City also realised they had until from the 12th December 2016 to a point in December 2017 to grab as many Shares as possible many. Nothing ever happens without a reason. And in the Event, after c.13months of Share Price Shaking in order to gain close on 13,000,000 Shares to fill Institutional Funds Buy Orders, the Share Price began its "Written in the Stars Rise" from it bottom of 89.5p on "Friday 18th December 2017" 12 months 6 days AFTER the Completion of Share Consolidation RNS was released on the "12th December 2016" In the VCP part of the "12th December 2016" RNS in my opinion the Board of Directors used their "insider knowledge" to set out certain critera in the VCP to cover all eventualities and protect themselves from any "out of knowlege Events" happening. In Order to cover themselvess against another silly Offer being received in the first year of the VCP "before" the BoD received any Nil Cost Options under the VCP, the BoD added a "Special Provision" to the VCP to cover themselve against, (in their words what they call)an Exit Event" occuring inside the first 9 months of the VCP in which the BoD would have received 2% of the Agreed Sale Price of said Exit Event which they could share out between the VCP Recipients. That "Special Provision" was altered from the 1st 9 months of the VCP. . . to the 31st December 2017 and passed at the AGM as announced in the RNS of the 12th December 2016. hxxp://ir1.euroinvestor.com/asp/ir/GulfKeystone/NewsRead.aspx?storyid=13495537&ishtml=1 "A change to the Special Provision in the Event of a Change of Control. If the Company enters into a Binding Sales Agreement before the "31st December 2017 the value of the Units held by partisipants (IMO the VCP) shall be equal to 2% of the Aquisition Price". So the Board of Directors had covered themselves against a Offer arriving prematurely and being accepted before the "31st December 2017" which incidentally nicely covered the 8th December 2017 point at which any earned Nil Cost Options would be granted. But now as the 31st December 2017 has passed the "Special Provision" in the VCP has to be Null & Void It is hard to know if the VCP Chart contained in the pdf RNS has been changed from its original form to its revised form after some of the terms were revised at the 8th December 2016 AGM, and spelt out in the above RNS as :- "The Share Price for the purpose of measuring the VCP is based on $350,000,000 Market Cap :- an increase from $300 (due to Major Shareholder Intervention at the AGM, the MC the VCP was to be calculated on was raised from $300,000,000 to $350,000,000") http://www.gulfkeystone.com/media/108652/Proposed-consolidation-of-common-shares-and-notice-of-2016-AGM.pdf But in any case all I have to work on is the Value Creation Plan as listed in the RNS . pdf of the "12th December 2016" POINT OF NOTE :- the AGM occured on the "8th December 2016" . . . So all Resolutions which were passed at the AGM became LIVE on the "8th December 2016" including the VCP. So the VCP runs from the 8th December 2016 to the following date of the 8th December 2017 and onward. http://www.screencast.com/t/q2oamDt6B https://www.screencast.com/t/dM0LzlcVr2A As you can see in the second screencast of the VCP chart there is no mention of the $350,000,000 Market Cap mentions in the RNS of the "8th December 2016 Anyway from the VCP Chart in the pdf RNS of the "12th December 2016" For the Board of Directors to claim their "Nil Cost Options" (I believe) now of a Maximum of $20,000,000 per year, the Market Cap and hence the Share price has to rise to the prices set out below . . . Note. (a Year zero point on the 8th September 2016 may have been changed from a $300m MC to a $350m MC, which would have resulted at share price of $1.53 or 108p Year 0, 8th December 2016 . .$300m MC. . .equates to a share price of $1.31 or 92p Year 1, 8th December 2017 . . $375m MC . .equates to a share price of $1.64 or 116p . .was 106.15 Year 2, 8th December 2018 . . $425m MC . .equates to a share price of $1.85 or 131p Year 3, 8th December 2019 . . $467m MC . .equates to a share price of $2.04 or 144p Year 3, 8th December 2020 . .$495m MC . .equates to a share price of $2.16 or 152p Year 5, 8th December 2021 . .$545m MC . .equates to a share price of $2.38 or 168p From the above you can see that the Board of Directors "expected" the 2017 Shareprice to be at or above 116p on the "8th December 2017" and the Share Price closed on the "8th December 2017 Closed @ 93.2p So IMO the Board Of Directors missed their "8th December 2017" target and their $20,000,000 of Nil Cost Options for 2017. To recap. If the City realised they had 13 months to grab as many GKP Shares as possible before a Major News Event was announced, then the Board of Directors being "insiders", in the true sense of the word, would have certainly known roughly when such Major News Event was expected. So IMO the Market Cap the BoD expected when the VCP for 2017 was based on a Shareprice of 116p, was to have been reached by the "8th December 2017" could have only happened on the back a Major News Event . . . but such a Major News Event did not occur before the "8th December 2017" so cost the Board of Directors their "Nil Cost Options". But/Yet, on the "18th December 2017" the Shareprice bottomed and was release from the pressure holding it down and has since risen 40.3p or 45% at its peak. And I can't find any News of "reasonable significance" to have caused a rise of 40.3p or 45% to its peak, so the only other option I can presume is that the Rise has to been caused the "Expectation" that a Major News Event will occur. Mikey. GLA
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23/1/2018
10:55		shediak: Good post from MickeyAdmin. What's driving the share price.? 14 months ago the Refinancing took place and until the 15th December we had over 13 months of ups and down while over 26 Institutions/Funds took Positions totalling over 12,300,000 in GKP. Then without any News in particular the Price bottomed on the 15th and 16th December and on the 19th December this Rise started. All I know of that time on the 15th & 16th December is that the look of Book changed very subtly from what it had been over the past year. The change of the Book being very subtle appeared significant for some reason, as certain Limit Orders on the Ask were either removed or Iceberged to lower amounts, and several Limit Orders on the Bid increased slightly in sized and more where added. It was as if a signal had been given to the Market that the last 12 months Order filling was over and the time had come for the Price to rise. On Monday the 19th December the Rise stutteringly started. On the 19th Dec I got little indication from my Chart other than a Double Bottom of 89.5 on the 15th & 16th Dec, but from my L2 the Opening Price on Monday the 19th Dec @ 91p caused me to again hit the Buy button just before I posted the Opening Auction. The un-named MM's and named DMM's working the Book, work for multi million Dollar Companies who through their Analyst's & Wholesale Level 2 Platforms which name every Order Owner, know a darned sight more of what's going on than us PI's in Retail Trade ever will. They know exactly who is Buying and who is Selling and possibly who the end Buyer or Seller actually was. Since the 19th December the Rise has continued steadily upwards from that starting 91p to todays Opening Price of 130p . . . a rise of 39p or 43% And as there has been no News of real Significance IMO all on the back of Expection of that elusive Significant News. I don't make the Charts and I haven't invented any of the lists of indictors one can use on the Charts and nor have I cause the 200sma & 50sma's to move closer and closer together this particular week. Indeed watching the Charts and the 200 & 50sma's moving together, and it amazes me that the two have been steadily and seemingly inextricably moving closer and closer together for many many Months, not just recently, which can only point to significant News is on the way How many folks on this Forum have often said GKP is under valued, from it money in the Bank, its Asset Shaikan and from the Oil it Produces......... Well IMO the compression of the Market Cap was to allow the Filling of over 12,300,000 of Institutional Orders which finished on the 15th Dec, and this present Rise is a rebound response to correct GKP's compressed Market Cap, and when the 200 & 50sma's cross they will form what is termed as Golden Cross which is a positive sign and GKP's Share Price & Market Cap will return to a true Market Valuation. What that final Price will be I ain't the foggiest but I'll be here watching There are forces & reasons we can only speculate about that move the Market so what will be will be GLA all Roughly 130,000 of Buys have happened at 130p so if the 559,602 @ 130p is Iceberged there's over 400k to plough through LP, 129.8p
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06/1/2018
22:28		oliver666: hxxp://www.arabnews.com/node/1186901/world British-Kurdish MP Nadhim Zahawi hits back in oil company pay row RICHARD WACHMAN | Published — Thursday 2 November 2017 Nadhim Zahawi RELATED ARTICLES Iraqi-Kurdish leader departs office Nearly 30,000 Kurds displaced from city near Kirkuk -aid groups Tillerson urges Iraq, Kurds to resolve conflict through dialogue LONDON: In an exclusive interview with Arab News, UK Conservative politician Nadhim Zahawi has hit back at criticism about his salary as part-time strategy officer at oil producer Gulf Keystone Petroleum. Zahawi, whose heritage is Kurdish, took flak from City of London investor Justin Urquhart Stewart, cofounder of Seven Investment Management, who complained about his monthly salary of £29,643 ($39,314), disclosed in the latest British parliamentary register of MPs’ interests. Urquhart Stewart told The National newspaper that most shareholders were “absolutely furious” about Zahawi’s pay level — equivalent to £356,000 a year — given the 99 percent collapse in the share price in five years. But Zahawi said: “The share price was diluted following last year’s debt-for-equity swap with bondholders — but the financial reconstruction was absolutely necessary to secure the company’s future.” His pay was signed off by Gulf Keystone’s remuneration committee and was “commensurate” with salaries paid to CEO Jon Ferrier and Chief Financial Officer Sami Zouari, he added. What many people had forgotten, said Zahawi, was that following the deal with debt-holders a year ago, the company had turned its fortunes around with debt reducing from $625 million to $100 million. There is now over $140 million of cash on the balance sheet. Zahawi said: “I joined (the company) only after the majority of the old management had departed; most of the loss of value in the equity was under the previous management team. When I came aboard, Keystone was very close to going under because of the sheer weight of the debt.” There was a need to credit the current team with turning round the business, he added. “Albeit the share price is where it is, but the debt was an existential threat.” Gulf Keystone Petroleum is the operator of Kurdistan’s Shaikan field, with current production capacity of 40,000 barrels per day. Kurdistan explorers and producers have been under the cosh after the slump in the oil price in 2014. Soft prices coincided with geopolitical difficulties in the region which delayed payments for exports due from the Kurdistan Regional Government (KRG). But Zahawi said relations with the KRG are much improved and regular payments were coming through. He hoped the current standoff between the Kurds and Baghdad would be “resolved decently. They are both committed to resolving (the dispute) within the framework of the Iraqi constitution.” Political tensions between Baghdad and the KRG were raised recently when Iraqi federal forces regained disputed territories including the city of Kirkuk, the oil fields around it and much of the wider region. Current political instability was weighing on Keystone’s and other companies’ share prices, said London-based analysts. Zahawi’s appointment to the company more than two years ago was influenced by his contacts in Kurdistan and expertise as a chemical engineer and oil industry specialist, according to a company announcement. Keystone said at the time of his appointment in June 2015: “Zahawi is of Kurdish origin, and moved from Iraq to the UK in his childhood. He has maintained contact with the KRG throughout his extensive career.” CEO Ferrier wrote: “With his Kurdish heritage and as a successful businessman, Nadhim brings a range of additional and critical skills to the company. I firmly believe that the breadth and depth of his regional knowledge will prove invaluable, and will help further strengthen our relationships within the Regional Government amongst other key stakeholders in the Kurdistan Region and internationally.R21;
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06/12/2017
19:07		chickthickie1: Oilman63 11 Jul '15 - 14:34 - 432252 of 552783 13 1 Here's a copy of the letter that the Mrs [Sarah, niece] has just posted out to the action group. Although she's a little cheeky and uses some of my comments, I thought it would be fair for all to see.... Just one other point to make. Andrew Simon pretty much gave my Mrs his undivided attention before and after the AGM.... It must have been the dress that did it "It's a new dawn It's a new day.... and I'm feeling good! Hello Action Group, it's been awhile! Just giving you an update after I attended the GKP AGM in Paris on Thursday as I know few investors were able to attend. Have you ever woken up in the morning, pulled back the curtains, the sun is shining, the sky is blue and the smell in the air is sweet? That's how i'm going to describe my AGM experience, albeit the chirping birds might come along and softly coat me with something unpleasant - that's the GKP share price and while that is largely unpleasant right now I couldn't help but smile on Thursday as that day had been a long time coming! A couple of us were sat in the bar on Wednesday night when along came Phil Dimmock and Jon Ferrier. After awhile Jon and Phil came and sat with us. What a breath of fresh air! On first impressions Jon isn't far from being a model CEO. He has had many years dealing with Ashti and knows him very well. Knows the business inside out, was the person responsible for moving Maersk in to Kurdistan so knows the area well and delivered his Syrian project on time and on budget despite very difficult circumstances. I asked Jon if he had any other commitments and he stressed that Gulf Keystone Petroleum will be his only priority, his full time job and I believed he takes it very seriously and is willing to give it his full commitment. Jon intends to spend 1 week out of every month in Erbil to maintain his relationship in Kurdistan and to keep up to date and in touch with the business. Not a yacht or a blackberry to be seen! He expressed empathy for some of the positions shareholders found themselves in and without question plans to overhaul Investor Relations as well as to provide opportunities for shareholders to meet with Company Directors and Officials so that they can feel confident in the way the company is progressing and to feedback any concerns of their own that they may have. The over-arching message that came across was that this man has a conscience and as such recognises his responsibility to and has a respect for his shareholders. On the other hand that doesn't make him a push over by any stretch of the imagination. Both him and Sami are very focused, very clear, very switched-on and very driven. The Dynamic Duo. They both set out their very clear vision for the future, - explaining that every barrel of oil sold so far in 2015 has been paid for - that they continue to negotiate with the KRG regarding the outstanding money owed - that expansion plans can only be considered when arrears are paid (or a clear plan is in place showing how they will be paid) - that while the company is up for sale, they will not accept just any offer - ALL the staff that I spoke to at the AGM stressed that the asset is very good, our problems stem from a lack of payment - that they intend to wrap up sales negotiations soon so that serious interest can either make a realistic bid or if not, that the company can focus their energies directly back in to the company. - a board aligned with shareholders, holding stock of their own It was accepted that it would not be in the KRG's interest to see us fail, they too want to see Shaikan and GKP do well. From general chatter, I picked up that our peers do class Shaikan as World Class and I think it was announced on the Wednesday that Kurdistan were going ahead with selling their own oil. All in all, despite the bird poo (the share price) I couldn't help but feel optimistic and relieved that we have the makings of a team that are aligned with us, shareholders and I think / hope that this could be the start of something special! So a big THANK YOU to team SAG, The picture that was painted on Wednesday and Thursday was the vision I had hoped for when SAG started and although it's taken a long time - they do say the best things are worth waiting for! ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- After the AGM a few shareholders asked about SAG and whether they could join. Initially I said it was pretty much dormant now but on reflection I think it would be a good idea to resume. I don't think any sort of action will need to be taken now if Jon drives his team forward with the vision he has set out, but it would cause no harm for shareholders to get together with a united front and be ready to act should a need ever in the future arise. The Institutional Investors have increased their holdings recently, they have a greater say and are well organised (but also conscientious) The bondholders are organised - look how they negotiated the BER issue But yet, the retail investors, GKP's largest group of investors are haphazard. Instead of being motivated to influence any kind of positive change they vent their frustrations or make fun at each other over a bulletin board. Some private investors have invested considerable sums of money in to this stock, this is not a way to behave. If they were over charged £10 at a shop they would speak to the shop owner, and if they got nowhere, they'd write a letter - but they'd sort it out. Here people are sat on losses of tens, if not hundreds of thousands and the best they can do is vent at another shareholder or get annoyed. Time to refocus that energy in my opinion, get your energy, like your money well spent. GKP SAG have proved they can be effective, decisive and efficient (getting our resoluntion in in the short space of time we had with the challenges that we faced in getting the paperwork together was a massive acheivement by all involved. It proved dedication and commitment.) So rather than waste our energies, I have set up a new group for EVERYONE to join who wants to - gkpshareholdergroup.boards.net - I hope to see as many of you over there as possible. It's a new dawn for GKP Let's make a new dawn for GKP's shareholders. All views my own, memory the same. Please don't take any of the above as investment advice."
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