Gulf Keystone Petroleum Share Discussion Threads

[0ili0] 26/1/2020 02:02

Who is trying to triangulate afkah????! Not me. We all know, anyway.

[steephill cove] 26/1/2020 01:13

Afkah on multiple thread spam mode to bury the main GKP thread recent posts ;-)

[steephill cove] 26/1/2020 01:11

Terribly poor attempt to bury the biggest GKP thread by the hedge fund sponsored deramping thread posters...

[j0sekl] 25/1/2020 23:19

"The Buyback Programme is aligned with the Company's focus on capital allocation and will be an accretive use of funds.." Your understanding is embarrassing.

[officerdigby] 25/1/2020 22:38

JOSEKI they are buying for options that become valid 18-36 months away... Dilution of future (already agreed) option issues (please note Angie!) are built-in and buy back cancels those future dilutions. "This amendment will allow the Company to hold Common Shares which have been repurchased to be held in treasury; however the Company will only hold such Common Shares in treasury to satisfy the vesting of staff share option plans, and if they are not required for this they will be cancelled."

[j0sekl] 25/1/2020 22:33

OfficerDigby 25 Jan '20 - 21:58 Joseki, You haven’t read the RNS’s! Get to back if class: non cancelling shares are kept for share scheme options. ----------- That is why the greenness of your kind is so enjoyable, muppet. The buyback is an equity swap off the balance sheet and is a method of supposedly returning cash to shareholders. If it were to reissue those or pass on to management, the dilution returns and the staff can sell their shares on to the open market. It's just an expensive inefficient and time-consuming way of just increasing bonuses that can be more simply done through the remuneration committee. Try harder to condescend, greenie.

[officerdigby] 25/1/2020 22:26

McFly, last week or so you were referring to a key thing/ milestone that had happened in the Shaikan field and wondered how GKP would spin/explain it away...They haven't so I guess that it didn't happen. Or perhaps they chose to break the law.Or perhapser ? ? is now seeing seeing ? 's in the shadows..?

[afkah] 25/1/2020 22:11

What's this one about then?

[afkah] 25/1/2020 22:00

Who is Oili0 triangulating this weather?

[officerdigby] 25/1/2020 21:58

Angie, Are you completely unable to do sums or understand simple things? I've explained this point b4 to you!Joseki, You haven't read the RNS's! Get to back if class: non cancelling shares are kept for share scheme options.BigDoggy, yes RRE bought shares out of desperation at £5.60 last year...

[frenchybannedme] 25/1/2020 20:25

David Attenborough on climate change as I type. Unfortunately, doing something about it is going to cost a lot of people on here money, or take their boat/holiday away. They are not going to like that. 0ili0 25 Jan '20 - 17:51 - 598163 of 598164 0 2 0 Anything on telly tonight?

[chinese_takeaway] 25/1/2020 19:27

#GKPTimeline to saleS of A/ Bermuda mergerS o A needs 7/8wksMerger 5/6 wksMarch 26 FY results obvs not happening ?Back peddling announcement earliest Mon 27/1 latest Feb 15Biggest stock mkt Con of millennium emperor reveals no clothing+ huge sale premium

[j0sekl] 25/1/2020 18:57

The company's share buybacks are an attempt to convey its confidence that the share price is cheap and this should contribute to the yield. Those shares are out of circulation and liquidity tightened. It's better if they do cancel the shares, and that's why it's a pretence. False confidence.

[0ili0] 25/1/2020 17:51

Anything on telly tonight?

[chinese_takeaway] 25/1/2020 17:22

Well their 20©% worth zillions on saleThey Willl be selling too , CNPC

[nestoframpers] 25/1/2020 17:14

Funny how MOL are fine about GKP doing next to nothing for 3 years. I wonder if the MOL CEO gets as much as JF ?

[s0rayad] 25/1/2020 17:02

LOL Bigdog, Could THE 'very good authority' happen to to Mcfly? publish the RS report and while at it give us the flow rates and then we believe you .... the logs don't lie

[chinese_takeaway] 25/1/2020 16:59

Totally agree Urals, the corporate presentation far more detailed and explains why the company is worth several billions at takeover.Nobody in mkt can then say they weren't made entirely aware , as long as they could be bothered to read the co presentation, which of course most aren't. Only question is will there be a leveraged recap pre sale ( hope so ) then sale, or just sale.in any event incoming........

[chinese_takeaway] 25/1/2020 16:59

#GKPRight answer over on advfn.They have flagged the immediate availability of very large total buyback budget, as all of it is going to be needed to be spent very soon.On probable leveraged recapitalisation(SP spike) and sale. https://t.co/TFsdW9XRI6

[broadford bay] 25/1/2020 16:58

The only thing that really matters is what $/bbl the Production Sharing Contract gives you in terms of Profit Oil. The revenues generated via the Cost Oil determination are quite simply just the return of your capital expenditure - YOUR money that you have already spent (or money you had to borrow). . . slowly. When that capital expenditure has been covered by CO revenues received the CO revenue slows to a trickle or even stops (you can't get back more than you put in). So, how do you value that attitude at any possible takeover: “We had to spend all this money to get here – and we want it all back!” At current output level (41Mbopd) and Brent ($62/bbl) the return of your already-spent money via the CO determination is ca $11.80/bbl, and the Profit Oil Revenue is ca $3.370/bbl. “At these oil price levels the Kurdish PSC isn’t really worth having!” ...unless of course you're at the feeding trough.

[mcfly02] 25/1/2020 16:47

Oh Hairy one, When will you finally except that this was ramped to death by the company and the MNR in the early days because they wanted more people to invest in Kurdistan so they could get independence. Everyone was had ! Ask about SA1 !!!!!!!!!!!!!!