Gulf Keystone Petroleum Dividends - GKP

Gulf Keystone Petroleum Dividends - GKP

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Stock Name Stock Symbol Market Stock Type
Gulf Keystone Petroleum Ltd GKP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-1.00 -0.49% 204.50 10:30:08
Open Price Low Price High Price Close Price Previous Close
206.50 203.50 207.00 205.50
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Industry Sector
OIL & GAS PRODUCERS

Gulf Keystone Petroleum GKP Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
24/01/2022InterimUSX23.3930/05/202130/09/202110/02/202211/02/202225/02/20220
02/09/2021InterimUSX23.3930/12/202030/06/202123/09/202124/09/202108/10/20210

Top Dividend Posts

Top Posts
Posted at 26/1/2023 12:51 by bumkin
UPDATE FOLLOWING CASH BALANCE FROM THE GKP OPERATIONAL UPDATE POSTED ON 19/12/22
(But end balance virtually the same as previous post)

From the 16/12/22 to the end of January 2023 (assuming no more payments between now and next Tuesday) the following has happened:
Cash Balance as at 16/12/22 = $116.9m
(From GKP’s Operational, Corporation and AGM Update, declared on 19/12/2022…oh and BANG_GONE).

Payment made 26/01/2023 = £38.8m (August)
Capex from 16/12/22 to end Jan = $27.3 (approx., 6.5 weeks at £4.2m per week)

Therefore Cash Balance at the end of January = $128.4. Compared with my previous post (665161) of $129.4m – pretty damn close).

This compares to a Cash Balance as at 16/12/21 = $211m (Inc. Sept. 2021 sales that were paid in Jan 22 but should have been paid in Dec 21)

So we are $81.6m down on the end of 2021 (but with $137.3 due for Sept to Dec, see estimate below). $140m worth of Dividends were declared in the first three months of 2022, therefore, there still appears to be scope for some kind of dividend over the next few months particularly with further payments due.

Estimated payments for September to December based on the Brent Oil price for those months.

Month due Estimated Amount
September $34.7m
October $36.1m
November $35.3m
December $31.2m

Total $137.3m

Posted at 26/1/2023 12:11 by bumkin
Here is an estimate on what our cash balance should be as at 31/01/2023, based on what we currently know.

Cash Balance as at 23/06/22 = $247m
Payments for 23/06/22 to 31/08/22 = $82m
Capex for 23/06/22 to 31/08/22 (10 weeks) = $42m
Dividends paid between 23/06/22 to 31/08/22 = $75
Bonds paid between 23/06/22 to 31/08/22 = $100

Therefore, Cash Balance as at 31/08/22 = $112m

From the 01/09/22 to the end of January 2023 (assuming no more payments between now and next Tuesday) the following has happened:

Dividend paid on 07/10/2022 = $25m
Payment made 18/10/22 = $50.7m (for June)
Payment made 11/11/22 = $45.3m (for July)
Payment made 26/01/2023 = £38.8m For August)
Capex from 01/09/22 to end Jan = $92.4 (approx., 22 weeks at £4.2m per week)

Therefore Cash Balance at the end of January = $129.4m
This compares to a Cash Balance as at 16/12/21 = $211m (Inc. Sept. 2021 sales that were paid in Jan 22 but should have been paid in Dec 21)

So we are $81.6m down on the end of 2021 (but with $137.3 due for Sept to Dec, see estimate below). $140m worth of Dividends were declared in the first three months of 2022, therefore, there still appears to be scope for some kind of dividend over the next few months particularly with further payments due.

Estimated payments for September to December based on the Brent Oil price for those months.

Month due Estimated Amount
September $34.7m
October $36.1m
November $35.3m
December $31.2m

Total $137.3m

Posted at 26/1/2023 10:04 by 1waving
Payment seems low --- New pricing ? --- or low production/oil pricing
Aug USD 38.8m net to GKP



July USD 45.3m net to GKP

June USD 50.7m net to GKP

May USD 45.5 million net to GKP (before a backdated pipeline tariff increase for 2021)

.

Posted at 20/1/2023 14:24 by releasethekraken
Thanks nufc for those that might have missed it..#GKP included in Peel Hunt’s ‘Top Growth Stocks 2023’ note last week. Their target price :340 which 75% the current levels#GKP 2023E OUTLOOK. Assuming timely approval of the Shaikan expansion projectFDP, investment in further drilling and production facilities should pave the wayfor another year of meaningful production and cash flow growth.#GKP Peel Hunt forecastslook for gross FY23E production capacity increasing to 55Mbbl/d. Assuming the capital programme continues as expected, this ought to generate operating cashflow of PHe US$400m.#GKP Offset by net capex of PHe US$180m and an assumedbase PHe US$75m dividend, the business should still generate postcapex/dividend FCF of US$144m, equivalent to a yield of 27%. In terms ofearnings, our forecasts also see the business trading on just c.1x EV/EBITDAX.
Posted at 20/1/2023 10:40 by nufc9
#GKP included in Peel Hunt’s ‘Top Growth Stocks 2023’ note last week. Their target price :340 which 75% the current levels

#GKP 2023E OUTLOOK. Assuming timely approval of the Shaikan expansion project
FDP, investment in further drilling and production facilities should pave the way
for another year of meaningful production and cash flow growth.

#GKP Peel Hunt forecasts
look for gross FY23E production capacity increasing to 55Mbbl/d. Assuming the capital programme continues as expected, this ought to generate operating cash
flow of PHe US$400m.

#GKP Offset by net capex of PHe US$180m and an assumed
base PHe US$75m dividend, the business should still generate postcapex/dividend FCF of US$144m, equivalent to a yield of 27%. In terms of
earnings, our forecasts also see the business trading on just c.1x EV/EBITDAX.

Posted at 14/1/2023 17:09 by meanreverter
Boystown: The historic dividend yield is some crazy number that is easily calculated but which I wouldn't bother to calculate. And I don't think that it is even meaningful to talk about an “expected̶1; yield. An adventurous person might still buy the shares in the hope of great dividends. Such a person would be deemed a fool by some on this board. OK, perhaps I am a fool then. Time will tell.
Posted at 12/1/2023 09:33 by stun12
I was looking at the dividend history for GKP which is erratic. Dividendmax has the next one being announced on 23rd January, but previous January dividends have varied hugely in size, and have sometimes been omitted altogether. Are there any forecasts out there for the upcoming one?
Posted at 04/1/2023 17:29 by intrinsic1
WHY IS THE O&G LAW A GAMECHANGER ?The primary reason , at least so far as GKP Investors are concerned, is that it removes the probability of one very strong risk to Investment . The ( albeit low) probability of ALL Kurdish O&G assets being confiscated by the ICG in the ongoing harassment of the Kurds for political / religious reasons . Harassment that has been going on in one form or another for decades.The Law will effectively legitimise ALL Oil and Gas assets in Kurdistan AND the rest of Iraq in the eyes of the International Oil and Gas community. This is critical because of the way Global Players analyse asset risk.All of them carry out a full Risk Assessment of any asset they are considering purchasing. Particularly any that involve potentially many $billions of purchase and investment CAPEX. i.e GKP.( Note: Another term commonly used for this process is “Due Diligence)These risks include : Financial: Technical: Environmental; Social : Geo Political and country specific Political factors. Each one of them is analysed individually and given a calculated numerical value. If the numerical value thus calculated for any one of these factors is above the deemed “acceptableâ€? level. Then the asset is put on a “Watch only /Hold â€? category until the in-country situation changes. Which is (hopefully) about to happen in Iraq.The process is both time consuming and expensive and takes many months or even a year or more to complete. Then the results have to be formally presented to , questioned by , and accepted by , the full board of the Company concerned. ( That typically takes at least another 6 months to a year or more )This methodology, in one form or another , is used by every Global Oil Company in the world ( Chinese included , and which neatly explains all the Chinese studies on Shaikan ) There is no such thing as an “impulseâ€? decision by INOC’s.There was never any real issue with GKP or its assets IMO. The issue has always been risk to investment. No INOC would ever consider investing anywhere if there was a probability of them having the asset confiscated . The full Board would never accept it.NB: There are political solutions to the above scenario in the form of Contractual guarantees but obviously the ICG would not give them in regards to the Kurds.Which why this acceptance of the HCL ( IF it happens ) will indeed be a “gamechangerâ€?.H7
Posted at 01/1/2023 11:32 by steephill cove
My moneys on a GKP dividend announcement by 24/1 of a GKP dividend of at least 50M USD in a repeat of the announcement of 24/1/2022 just to keep all of us LTHs ticking over whilst we await the sale of The Prize 🚂🏁🏆🐄 8176;
Posted at 30/12/2022 16:08 by intrinsic1
oil_investor 7 Jul '16 - 07:14 - 500117 of 664027KURDISTAN "45 BILLION BARRELS OF OIL" - THE MYSTERY IS SOLVEDThere has been a great deal of confusion and uncertainty over the years as to what the 45 billion barrels, which is quoted for Kurdistan's oil assets, really is. At a meeting at the Geological Society a few weeks before last Christsmas (which I attended; John Stafford was also there) the recently-retired Head of Exploration at Genel Dr. John Hurst basically mocked that figure as being fantasy. I wasn't at all surprised when his video'd presentation failed to be published.What I have now found is that the 45 billion barrels figure is actually *Oil In Place*. The source for this piece of information is GKP's letter to shareholders of 13 July 2013. It is easy to overlook that letter as a possible source of geological etc. information. What it says is this:"We have made five discoveries, giving GKP a share of approximately 19 billion barrels of gross oil in place, which makes up approximately 42 per cent. of the estimated 45 billion barrels of gross oil in place in the Kurdistan Region of Iraq".So the mystery is solved. The 45 billion barrels were actually OIP.And we see that the GKP discoveries (Shaikan, Sheikh Adi, Akri-Bijeel x2, Ber Bahr) were absolutely key. Indeed, if one subtracts the figure of 19 billion, the implied Kurdistan figure would be 26 billion. So on that argument, the 19 billion represented an uplift of almost THREE QUARTERS (actually 73%) to that 26 billion.No wonder GKP was popular.What is the true OIP figure for Shaikan and Sheikh Adi (which is part of Shaikan in the footwall, and which will produce from Shaikan because of the 6-mile Transient Drainage Radius)? Well if one were to go back to the DGA P50 figure for Shaikan, which was a full assessment, and were to add a bit for the SA footwall, you might get 14 billion barrels. So that is, say, 5 billion less than the 19 billion (i.e. counting the others as zero). So that would take the 45 billion OIP down to 40 billion. That would put the GKP assets at 35% of that total, down from the 42% quoted by GKP in 2013. But it's still massive. And there have been downgrades elsewhere in Kurdistan, as well as some discoveries, so it's possible that it's more than 35%, who knows?Anyway, the message is: it's OIP, and GKP have rather a lot of it.Just a mull
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