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GKP Gulf Keystone Petroleum Ltd

133.70
0.50 (0.38%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.38% 133.70 538,664 16:35:00
Bid Price Offer Price High Price Low Price Open Price
132.90 133.60 136.40 132.90 133.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 123.51M USD -11.5M USD -0.0516 -33.72 296.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 UT 82,886 133.70 GBX

Gulf Keystone Petroleum (GKP) Latest News

Gulf Keystone Petroleum (GKP) Discussions and Chat

Gulf Keystone Petroleum (GKP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:00133.7082,886110,818.58UT
2024-07-26 15:29:55133.50261348.44AT
2024-07-26 15:29:12133.6092122.91AT
2024-07-26 15:27:09133.601,1281,507.01O
2024-07-26 15:26:54133.571,0001,335.70O

Gulf Keystone Petroleum (GKP) Top Chat Posts

Top Posts
Posted at 24/7/2024 07:05 by shortsqueezer
Buybacks completed. Gulf Keystone Petroleum Ltd. Completion of Share Buyback ProgrammeSource: RNS Regulatory NewsRNS Number : 5483XGulf Keystone Petroleum Ltd.24 July 2024 24 July 2024 Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company") Completion of Share Buyback Programme Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, announces that following the purchase of common shares of US$1.00 each in the Company ("Shares") on 23 July 2024, the Company's share buyback programme (the "Buyback Programme"), as announced on 13 May 2024 and 21 June 2024, has been completed. Over the course of the Buyback Programme between 13 May 2024 and 23 July 2024, Gulf Keystone has acquired in aggregate 5,676,774 Shares for a total consideration of $10 million, at a volume weighted average price of 139.82 pence per share. Combined with the recent $15 million interim dividend, Gulf Keystone has declared distributions to shareholders of $25 million in 2024 year to date. All purchases made under the Buyback Programme were made through the Company's brokers, Canaccord Genuity Limited and Peel Hunt LLP. Following the cancellation of the repurchased Shares on 23 July 2024, the Company will have 217,021,881 Shares in issue, with no Shares held in treasury. Therefore, the total number of Shares carrying voting rights will be 217,021,881. Enquiries:Gulf Keystone:+44 (0) 20 7514 1400 Aaron Clark, Head of Investor Relations& Corporate Communications aclark@gulfkeystone.comFTI Consulting+44 (0) 20 3727 1000Ben BrewertonNick HennisGKP@fticonsulting.com or visit: www.gulfkeystone.com Notes to Editors: Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END STRMZGZNLFDGDZM
Posted at 22/7/2024 14:40 by redbed
CEO at last interview "Enormous Potential Upside". CEO last web cast "share is fantastic value currently". Ex CFO "THE PRIZE" lol . Oh and I'll keep 700,000 shares in my pension... . BY RNS. Given GKP's weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field.....They have tried within their constraints, to let retail know the reality, as I have.
Posted at 22/7/2024 14:05 by pscrulesok
All those LTH must be hoping your stabilisation program is a myth. If it does exist it means the current share price is being protected because it will form the basis of any offer.

Their hopes are based on the current share price NOT being used. As soon as you go beyond x2 then it’s recalibration time based on factors the market as a whole was unaware of.

Given that 18 companies had a good look in the data room and the company has since been far more open with telling us about operational successes and failures, where is the hidden good news?
Posted at 17/7/2024 07:05 by highlander7
The reaction of the share price will tell you what you should believe!!

I doubt it. The share price is controlled by brokers and key players NOT the ICG. The ICG have been trying to get control of Kurdish oil since they found Shaikan. Its not working and never will. Its not in the interests of the USA to see the Kurds controlled by Iran.

Based on my own experience of past situations like this, expect the unexpected to happen and with no warning. As to when ? Your guess is a good as mine.

IMO
Posted at 16/7/2024 21:45 by bigdog5
klassic, I enjoy mocking them and pointing out why they are delusional fantasists by using facts, history, evidence and the reality.

"As shareholders we need to extract as much cash as possible from the company whilst we can, in case of disaster in the form of unilateral cancellation of IOC contracts by Baghdad (the nuclear option) or the restriction of local sales (strangulation)".

Not an unreasonable view however it appears you are then supporting my opinion/view that buybacks are providing the opportunity for sales. And in reality it allows for any shareholders to dump, including Instis.

In my experience all buybacks do is advertise the company are not able to use the money constructively to progress their business. Over time the share price will be sold into so its really a waste of funds. Paying divis usually shows confidence and in many cases the shareholders will re invest their divis which of course will support the share price

"So I have concerns about your recommendation to hoard cash for future investment/development".

I don't think I have recommended them hoard cash recently as they have a sufficient buffer at bank that any sane management should have. Years ago when the hosts were iffy with payments I said several times they need a healthy bank balance to cover the "unknowns" whereas so many of the morons here were yelling for divis.

The company have said that any progress is years away with new wells etc however the unknowns are what will SOMO want from Epicure members. What if they ordered the flaring of gas had to cease within a short period or there would be penalties? That project could be very costly and why I've suggested companies may have to share the costs. As BB says $100m at bank should be sufficient plus the fact that the new arrangements will dictate IF they are able to progress and how many years forward that would be.

With the impasse showing zero signs of being sorted anytime soon imho the share price is way over the top and I expect it to plummet when the company stop wasting their money.
Posted at 13/7/2024 21:06 by oilermam
Arc, fair enough, suppose it was a question that was perhaps never going to be answered meaningfully. I've been following here from the sidelines from a long time without wading in. I am convinced that something is going on at the moment and 🤞 it is a sale. If so, 40 per share doesn't seem ridiculous given an offer would likely be upwards of 8B, although I think there are some major hurdles to be overcome because any major oiler would have a hard time justifying spending such significant sums (of shareholder money) with no current route to market, at least in the short term (my opinion). I also don't believe that if this was an open secret in the city, every man and his dog wouldn't already know about it. It would be impossible to keep something like this a secret (imo). What I also don't understand is the hullabaloo caused by people expressing reasonable opinions on the board. The people that post only have influence over a handful of retail investors and make little to no difference to the movement of the gkp share price. Hopefully bang is correct and Monday brings good news but I have my doubts. Good luck to all lth. I would encourage more sensible holders of gkp to share their views.
Posted at 12/7/2024 14:35 by bang_gone
#gkp #gkptakeoverLooking forward to your news Monday@Gulf_Keystone@HSFlegal@PeelHuntAfter today the buyback program will have hit its 8 week targetsThe share price will now be releasedBooooom15% cash remaining exactly?1.4000 VWAP for the whole program so far exactly2.200% concentration of capital exactlyFILL YER BOOTS
Posted at 12/7/2024 13:33 by bang_gone
#gkp #gkptakeoverLooking forward to your news Monday@Gulf_Keystone@HSFlegal@PeelHuntAfter today the buyback program will have hit its 8 week targetsThe share price will now be releasedBooooom15% cash remaining exactly?1.4000 VWAP for the whole program so far exactly2.200% concentration of capital exactlyFILL YER BOOTS AND
Posted at 12/7/2024 13:11 by herbertsmithfreehills
#gkp #gkptakeover
Looking forward to your news Monday
@Gulf_Keystone
@HSFlegal
@PeelHunt


After today the buyback program will have hit its 8 week targets
The share price will now be released
Booooom

15% cash remaining exactly
£1.4000 VWAP for the whole program so far exactly
2.200% concentration of capital exactly


FILL YER BOOTS AND YOUR BATH
Posted at 11/7/2024 07:03 by shortsqueezer
5.333 p per share. Which is nice !Gulf Keystone Petroleum Ltd. Interim Dividend Exchange RateSource: RNS Regulatory NewsRNS Number : 9493VGulf Keystone Petroleum Ltd.11 July 2024 11 July 2024 Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company") Interim Dividend Exchange Rate Gulf Keystone announced on 21 June 2024 the declaration of a $15 million interim dividend, equivalent to 6.832 US cents per Common Share of the Company. The dividend will be paid on 19 July 2024 to those shareholders that were on the register of members of the Company as at 5 July 2024. The Company announces that shareholders receiving dividends in GBP will receive an equivalent payment of 5.333 pence per Common Share, based on the conversion of US dollars into pounds sterling at a rate of $1:£0.7806 prevailing on 10 July 2024. Enquiries:Gulf Keystone:+44 (0) 20 7514 1400 Aaron Clark, Head of Investor Relations& Corporate Communications aclark@gulfkeystone.comFTI Consulting+44 (0) 20 3727 1000Ben BrewertonNick HennisGKP@fticonsulting.com or visit: www.gulfkeystone.com Notes to Editors: Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END DIVQKKBDKBKBNOD
Gulf Keystone Petroleum share price data is direct from the London Stock Exchange

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