Gulf Keystone Petroleum Share Discussion Threads

[ozzmosiz] 17/3/2016 07:45

oh dear! Not long and they will be relinquishing Shaikan too

[dealer1972] 17/3/2016 07:44

Unless in the April payment the KRG also start paying the arrears.

[rjcdc] 17/3/2016 07:43

This is SA that they had just identified another area of potential oil in? So, another huge write down then?

Single figures today then...

[olieslim] 17/3/2016 07:42

The co can move forward now.

Going concern. Streamlined business. Clearity re MNR. Lower costs. Better commercial terms. Increased stake.

Seems this will make money first before bang gone, instead of the other way around.

[joseki] 17/3/2016 07:40

The answers were in the Muppets Munch

[sidesplitting] 17/3/2016 07:40

SH/SA connectivity.

Bang gone!

[sidesplitting] 17/3/2016 07:38

"a transaction is unlikely in the near term"

Bang gone!

[sidesplitting] 17/3/2016 07:36

SAnyway,

Bang gone!

[withoutt] 17/3/2016 07:33

Remember Cashtis statement, we look after the company's that have stuck by us,lol,what would've happened if we'd crossed the KRG, you couldn't make it up.

[olieslim] 17/3/2016 07:31

I like it.

[lobo] 17/3/2016 07:31

Gave up Sheikh Adi ...unbelievable.

Will TK or ETAMIC take over that licence!

[banksy] 17/3/2016 07:31

Down down down

[1joebloggs] 17/3/2016 07:26

Have they sold the BIR,s

[krr13] 17/3/2016 07:26

KRG will pay an additional $15m each month for back costs.

[hearts1] 17/3/2016 07:20

Todd takes SA?#kurdponziscam

[fireplace22] 17/3/2016 07:19

- Without additional capital expenditure and in line with the 2015 CPR, Shaikan wells may begin to exhibit natural declines later in 2016. An interim project to maintain Shaikan production at 40,000 bopd and potentially increase up to 55,000 bopd, which bridges to the FDP, has been prepared and can be implemented subject to a period of regular payments, available finances and final partner and MNR approval



Is the final partner the buyer of the back in rights?

[walloon3] 17/3/2016 07:19

So the broad headlines:

1. Relinquishing assets
2. No takeover in the short term
3. Cosy chat with bondholders imminent
4. Large interest payment due in April

Not a compelling investment story is it?

I expect single figures today. There is no hope.

[hearts1] 17/3/2016 07:17

RIP 80% of SA.

[moneylender] 17/3/2016 07:13

As a result of a detailed review of the Company's portfolio with emphasis on capital discipline and focusing on Shaikan, the operated producing asset, a decision has been made by the Company to relinquish the Sheikh Adi block given the project's potential capital demands and performance risk of the development; the relinquishment and the termination of the Sheikh Adi PSC has been agreed subject to the execution by the Regional Council for Oil and Gas Affairs of the Kurdistan Region of Iraq

[paulbiya] 17/3/2016 07:13

Gulf Keystone Petroleum Ltd. 2015 Results AnnouncementSource: UK Regulatory (RNS & others)TIDMGKPRNS Number : 3687SGulf Keystone Petroleum Ltd.17 March 2016Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.

[sparky333] 17/3/2016 07:11

SA gone !!!!Only shak now

[d1873macca] 17/3/2016 07:10

GKPhero
Can you cut and paste can open it in investec

[gkphero] 17/3/2016 07:09

Not much in that tbh.

Usual pish about the dtatroom an how well production is going....etc.