Gulf Keystone Petroleum Share Discussion Threads

[urals] 21/1/2020 16:52

Correct Chinese, the 200m extra "tap" on notes never used.Obviously it would have been if they intended staying indyInstead they concentrating profits at sale by buybacks plus making it hard if there is a hostile competitor......Booom

[harry3021] 21/1/2020 16:50

So basically the KRG shafted the shareholders of a profitable company. The bond holders ended up 'stealing' the company from the shareholders because the KRG didn't pay what they owed.

[mcfly02] 21/1/2020 16:46

What a day 😂 The company apologist fighting as hard as they can to discredit anything said by what ever means they could but we're incapable of putting forward credible reasons for the company's extremely slow progress in the last few years. The best operation update ever according to some. What happened to the promises and timetable they put out 12 months ago ??? 55k ??? Pumps ??? FDP ??? CPR ??? And loads more lol But the share price is only ! Yes only £2.00 Sold tomorrow for the millionth time 😂 GoatCam laughing because we get things right proven by RNS !!! Edit: I note the tipster sites are recommending to stay short today.

[mcfly02] 21/1/2020 16:45

What a day 😂 The company apologist fighting as hard as they can to discredit anything said by what ever means they could but we're incapable of putting forward credible reasons for the company's extremely slow progress in the last few years. The best operation update ever according to some. What happened to the promises and timetable they put out 12 months ago ??? 55k ??? Pumps ??? FDP ??? CPR ??? And loads more lol But the share price is only ! Yes only £2.00 Sold tomorrow for the millionth time 😂 GoatCam laughing because we get things right proven by RNS !!! Edit: I note the tipster sites are recommending to stay short today.

[chinese_takeaway] 21/1/2020 16:27

1waving Indeed.if they were staying indy they would have taken up the 200m extra facility, 20m a year cost But no....:)

[1waving] 21/1/2020 16:25

Harry3021 GKP had very heavy debts that they could not pay back as they had not been paid by the KRG for the oil they had produced. That resulted in financial restructuring where the lenders did a debt for equity swap as part of the financial restructuring. Since then GKP has had regular payments from the KRG. Borrowing adds to efficiency if used correctly. The $100 million really is a quite minor amount. They could easily handle more debt. .

[chinese_takeaway] 21/1/2020 16:21

Returned of course.If your co can sustain borrowings very very comfortablyIt should.It hasn't because it's sold.

[guypender] 21/1/2020 16:20

Returned to share holders or used for growth? Which is it?

[chinese_takeaway] 21/1/2020 16:10

The debt should be much higher not reduced!!!!Indy e and p grow using debt facilities.They have unused 200m facility.....Should be used and cash returned to shareholders.

[guypender] 21/1/2020 16:08

I agree about the debt. Why isn't it reduced?

[chinese_takeaway] 21/1/2020 16:03

Buyers man imo , project about to be delivered. Soon no more public co to have any options in. Ps Ian the new Executive FD ,still, the only member of staff ( except as is convention NEDS)with zero options.

[chinese_takeaway] 21/1/2020 16:03

Harry in bin

[harry3021] 21/1/2020 16:02

1waving thanks for the reply 'As for recoverable reserves, they are in the Billions, probably in double figure Billions ultimately. GKP has hardly scratched the surface at Shaikan.' If reserves are so enticing why were the previous shareholders wiped out? Why didn't they make a rights issue, lowered the debt and retained the assets then? And to me it sounds strange that instead of paying off their $100 million debt they are doing share buybacks - a share buyback might work in the short-term to help support the price but wiping out the debt is a much better way to give value to shareholders?

[urals] 21/1/2020 15:51

Buyers man imo Chinese , project about to be delivered. Soon no more public co to have any options in. Ps Ian the new Executive FD ,still, the only member of staff ( except as is convention NEDS)with zero options.

[1waving] 21/1/2020 15:43

Harry3021. Yes, GKP does have $100 million debt plus cash in the bank of $192 million. GKP are highly profitable, hence the company buybacks and recent dividends. As for recoverable reserves, they are in the Billions, probably in double figure Billions ultimately. GKP has hardly scratched the surface at Shaikan. There is much more to come. .

[chinese_takeaway] 21/1/2020 15:30

Ps Ian the new Executive FD ,still, the only member of staff ( except as is convention NEDS)with zero options.

[chinese_takeaway] 21/1/2020 15:20

Guy .The company is pouring off cash like crazy.Its the most attractive e and p indy takeover on earth.its stock is on floor currently, because Goldman Sachs etc know this, and have filled boots.The sale price will be huge.This new buyback isn't about buying back imo.might make Goldman Sachs etc work much harder

[harry3021] 21/1/2020 15:20

so how big are the recoverable oil reserves here? also can someone confirm that this company has $100 million debt? is that all? how would you compare this to Genel? I was involved in Genel once and lost money. It seems the situation in Kurdistan is somewhat better (but I do know that GKP shareholders were once wiped out too!)

[0ili0] 21/1/2020 14:46

Broadfraud, are you participating in the Oilman/GKP television debate? Will Dr. Ashti be involved? Hilarious. Over to the Hedge Fund sponsored thread please.

[urals] 21/1/2020 14:41

Agree Chinese This new buyback isn't about just buying back imo.... .might make Goldman Sachs etc have to work much much harder.

[habshan] 21/1/2020 14:32

"Do you understand that they could take away the licence if they don't get their way?" You're just incapable of thinking anything through aren't you Bigdog. Before you hit the SEND button why don't you read back what you've just typed and ask yourself if it makes any kind of sense. It's statements like that that cemented your position as the boards no.1 moron.

[chinese_takeaway] 21/1/2020 14:31

Guy .The company is pouring off cash like crazy.Its the most attractive e and p indy takeover on earth.its stock is on floor currently, because Goldman Sachs etc know this, and have filled boots.The sale price will be huge.This new buyback isn't about buying back imo.might make Goldman Sachs etc work much harder

[bigdog5] 21/1/2020 14:17

Would I be correct in that if the RNS were to be seen as positive the share price should have gone vertical?