Gulf Keystone Petroleum Share Discussion Threads

[oil_investor] 11/10/2016 12:56

Dudishes: I have you on filter, but I checked your last post. Regarding my post #521530 that, sir, is just the tip of the iceberg. Perhaps you have been seriously misled?

[tmmalik] 11/10/2016 12:53

Canot believe it's sub 2p and going towards 1.50Shame,how much they will punish to shareholders.

[hearts1] 11/10/2016 12:49

You really crave attention don't you?Sad old git.

[che sinonion] 11/10/2016 12:46

I've a question guv. You know how this is a bulletin board that anyone can access?

Well, it's this really. How does other people posting on here suppress others from doing so about any subject they wish?

Surely, as dear old Frenchy used to say 'use the filter button and drone away' may be the answer?

Either that or set up (get this) another board where you are free to speak as you wish?

Could it be that the inconvenient truths that are pointed out in rebuttal are really what's under threat of repression?

It's all too confusing for a humble PI like me, guv.

[dudishes] 11/10/2016 12:45

Bobo, if such a great asset, why is the price below 2p? As for John Stafford, he is avoiding you.

80p & 35p, disaster for you family afair, what!

cheers loser

[ozzmosiz] 11/10/2016 12:42

Jeez this company still going? Someone just put this dying animal out of its misery.

[biggerthus] 11/10/2016 12:39

So not just SHs who are bemused at the limp handing back of SA.

---
This is in part also due to the fact that the Company has now become in effect a “one trick pony” following the relinquishment of all of its licence areas outside of Shaikan. While we understand the rationale for the majority of the licence blocks, we cannot understand this approach with respect to the Sheikh Adi block, which abutted Shaikan block.
We believe that given the staggered payment terms from the KRG for the sale of its export crude, that leverage could have been brought to bear to restructure the term of the PSC covering the field, or at the very least utilise the existing infrastructure to significantly reduce the overall cost of development for both licence blocks.

Following this restructuring, we believe that the residual debt in combination with the fact that it is now a single asset company raises the risks associated with its valuation. Save for the 3P reserve case, the relinquishment of all other licence areas has left the Company with little or no running room left, which now makes the Company a significant target for acquisitive predator.

[kiltless highlander] 11/10/2016 12:28

nicebut,

For the last time, were they handed back that would be one thing!

Yet, it is far far worse than that, they have been handed back at terrible extra cost to do so, further damaging the shareholders of GKP!

nicebut11 Oct '16 - 12:20 - 521521 of 521522 2 0
Fake,

Wasn`t long ago that he wanted us to talk about the assets...But now 3/4 have been handed back- Bit tricky.

[dreamtwister] 11/10/2016 12:22

Gulf Keystone Petroleum (LON:GKP – 2.23p) – (HOLD – 0.65 – 1.66p) – Risk Remains
The extent of Gulf Keystone’s debt conversion has been disclosed today, and the approximate 22 billion shares issued effectively wipes out existing shareholders. Although this is unsurprising, what is a little bit more disappointing is the fact that approximately $100mm of debt remains on the balance sheet. There is little doubt that the last two years of been a torrid time for the Company, and today’s announcement should hopefully see close to this turbulent period.
While we are still currently finalising our valuation of the Company, we believe that at the current price that the Company is trading towards the top of our valuation range, which is $203 – 519mm (0.65 – 1.66p).
This is in part also due to the fact that the Company has now become in effect a “one trick pony” following the relinquishment of all of its licence areas outside of Shaikan. While we understand the rationale for the majority of the licence blocks, we cannot understand this approach with respect to the Sheikh Adi block, which abutted Shaikan block.
We believe that given the staggered payment terms from the KRG for the sale of its export crude, that leverage could have been brought to bear to restructure the term of the PSC covering the field, or at the very least utilise the existing infrastructure to significantly reduce the overall cost of development for both licence blocks.
Following this restructuring, we believe that the residual debt in combination with the fact that it is now a single asset company raises the risks associated with its valuation. Save for the 3P reserve case, the relinquishment of all other licence areas has left the Company with little or no running room left, which now makes the Company a significant target for acquisitive predator.
Over the range of the development scenarios the valuation ranges up to $680mm (3P), which when set against a backdrop of a rising oil price environment, can make an argument for an acquisition at these levels. As a consequence, while there is little motivation or reasoning behind the share price appreciating considerably from the current level, we feel that there is some protection against it declining to our “core” valuation of 0.65p.
While our current valuation would suggest that investors should reduce their interest in the stock, we believe that the M&A potential makes it at least a hold, and that any addition to a shareholding post this restructuring will be driven by individual belief in a takeout price that would be materially above the current level, sufficient to justify the risk associated with out holding. We are initiating coverage today with a HOLD Recommendation, but given that our valuation range stretches from 0.65 – 1.66p, that investors understand the implicit risks associated with this recommendation.
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SP Angel

[nicebut] 11/10/2016 12:20

Fake,

Wasn`t long ago that he wanted us to talk about the assets...But now 3/4 have been handed back- Bit tricky.

Tried to talk about one of the ex assets yesterday but- I guess that doesn`t count- i can understand how frustrating it must be for him.

[joseki] 11/10/2016 12:19

Perhaps you could be a little more explicit Bob. On your old SA stories about being part of a greater Shaikan Kirkuk big brother... tell us whether that was accurate? Is that question worthy of police investigation? Lmao

[dudishes] 11/10/2016 12:18

eh Frank, Sarge, give him some slack, bloody laugh an all that! Be mindful that he has your CID checking, the CID, who are checkin you.

Thank gawd for the Met!

Any chance of gardening leave Guv?

[1712notout] 11/10/2016 12:17

Who earth is on the buy side of all those trades that the pull the knickers down drops induced?

There will be billions available on Friday at a huge discount to today

Maybe

🙏🏼🖖😇
Huge buy

👌🤓😇😎8526;😇ԅ12;😀

Somebody is

[fake taxi] 11/10/2016 12:14

Is the Winchester available for takeover parties Mr Chisholm?

[pocopicu] 11/10/2016 12:12

O_I, don't forget how cut likened his bb activities to that of the oppressed black South Africans during apartheid!!!