Gulf Keystone Petroleum Share Discussion Threads

[sidesplitting] 13/10/2016 20:46

Pinks are up!




:D



#CouldntHelpIt

#HadTo

:D

[cutthecagain] 13/10/2016 20:45

Apparently I've made 13 attempts to reset my password on my ADVFN account since September 29th.

I haven't but I wonder who it could be and what would be their motive.

Well I don't, I've got a very good idea!

[1959cos] 13/10/2016 20:45

at what price open tomoz?must be big volume day.

[lobo] 13/10/2016 20:33

nicebut13 Oct '16 - 20:21 - 522427
Is 1712 going to apologise?

I predict he's going to say "huge buy".
;)


did you see this one (thanks to n1per)...

1712notout13 Jul '14 - 16:18 - 64 of 120 2 1
If peeps lose money by listening to anonymous keyboard avatars like you and me
They deserve it.
In spades.

[ohdearohdearohdear] 13/10/2016 20:25

I would let it go nicebut. I think a lot of people will be hurting massively right now. They probably believed what they wrote.....but reality would have hit now. Why rub salt into the wounds?

As for the kingpin....that is a different matter.

[roverite12] 13/10/2016 20:25

Biggob . You change your stance all the time . You've probably been here longer than I have and that's a few years .

So are you telling us you haven't lost here ? If so , keep your 1p smileys for the man in the mirror ....

In fact , pointless answering that - I don't believe a word you say . You're just another fraudster . One amongst many .

My prediction . A change of sentiment is due and many of the bb posters will be dramatically doing an about turn very shortly .

Not necessarily using the same avatars obviously .

[nicebut] 13/10/2016 20:21

Oh dear!

So no poison pill?

Is 1712 going to apologise?

[nestoframpers] 13/10/2016 20:14

19:17
Garrett Sodin - Lundin - Atrush?

broadford bayInteractive Investor client 2UP

GS has now been with the Lundin Group for 9 years.

Lundin - Shamaran - Atrush - Shaikan...?

I take this particular appointment to mean that Lundin Group now has a substantial holding in GKP; if so, that might be confirmed within the next few days. It might well be via Zebra Holdings & Investments - the main Lundin Family Trust based in Luxembourg.

Mr Lundin is an old(er) fox, with fingers in many pies and a very good name. He is also very adept at doing good financing deals.

An interesting cross-holding perhaps, but with what short-term aim?

[mr roper] 13/10/2016 20:14

Lard indeed. Selective memory for the can. Schull lol . No doubt jf will appoint him as CEO soon lol

[doshdabbler] 13/10/2016 20:13

What do we reckon the consolidation will be? 10-1? 100-1? Might touch it then, but probably not.

[bigdog5] 13/10/2016 20:11

rover, you got it wrong yet again.

The reference was made about onetomany who was talking his own book, nothing to do with what you are referring to. IE, some of us knew he was talking rubbish with his "claims". Does that help?

If it helps you have a swear and a rant and call people names. I see you've now changed your stance and are stating "a lot" rather than "all" as you've done in the past. I don't suppose "a lot" is anywhere near what you will still have. 1p:-)
Also as a reminder, I posted what I had been selling at.

[cutthecagain] 13/10/2016 20:11

I'm glad Kandyman didn't sit watching what's left of his holding deplete to less than 25% of its value and sold at 5p. Scoff as much as you like but 5p is a damn sight better than 1.2p and undoubtedly lower.

He should be able to take advantage of the situation in the coming days if he wants although there are no guaranteed outcomes.

BTW: It was mentioned in a Proactive or Fool article that bond holders would get their shares before shareholders. I flagged it at the time to ignorance. Oh well the acolytes probably went in heavy with their over subscription and tied up all their funds. #howlongisthisgardenpath

[nestoframpers] 13/10/2016 19:58

Restructuring

The Restructuring involves the implementation of a new capital structure to materially strengthen the Company's balance sheet with a significant debt reduction from over US$600 million to US$100 million through the conversion of over US$500 million of existing debt into equity of the Company by way of the Scheme.

In addition, Gulf Keystone has increased its liquidity by raising $25 million through an over-subscribed Open Offer. This improved liquidity allows the Company to implement the near-term investment plan of maintaining production at 40,000 barrels of oil per day ("bopd"), and with the potential to increase production to 55,000 bopd, subject to the Kurdistan Regional Government's Ministry of Natural Resources ("MNR") and MOL's approval.

Admission of and commencement of dealing in 21,910,523,553 new common shares pursuant to the Open Offer and Debt Equitisation are expected to occur on 14 October 2016 (the "Admission date"). Qualifying Shareholders will be notified of their allocation of new common shares within 14 days of the Admission date. Due to the Open Offer being oversubscribed, certain applications made by Shareholders under the Excess Entitlements Facility were scaled back in accordance with the terms of the Open Offer. Excess funds in respect of applications that were not met in full will be returned to the applicant within 14 days of Admission.


Appointment of Non-Executive Directors

David H Thomas and Garrett Soden are appointed to the Board of Gulf Keystone as Non-Executive Directors with immediate effect.

David H Thomas is a highly experienced oil and gas professional, having held a number of board level, senior executive and international management roles in a career spanning over 35 years. He started his career as a petroleum engineer with Conoco UK, working in the North Sea and Dubai before moving into reservoir engineering and operational asset management positions. Subsequently, he joined LASMO where he became the Group General Manager Operations and, following the company's acquisition, held three consecutive Regional Vice President roles with Eni SpA including managing the North Sea, Russia/Asia/Australia and West Africa asset portfolios. David's subsequent Board directorships have included positions with several London and Canadian listed companies including President and COO of Centurion Energy, CEO of Melrose Resources and COO with Petroceltic International. Most recently, in mid-2015 he briefly served on a caretaker Board at Afren and was subsequently retained by the company's administrators to provide business stability and industry advice. David has a BSc in Mining Engineering from Nottingham University and an MSc in Petroleum Engineering from Imperial College.

Garrett Soden has worked with the Lundin Group of Companies since 2007 as a senior executive and board member. He is a director of Panoro Energy ASA, a Norwegian oil and gas E&P company focused on West Africa. He is also a director of Etrion Corporation, a Canadian solar power producer with assets in Italy, Chile and Japan. Garrett is the former Chairman and Chief Executive Officer of RusForest AB, a Swedish forestry company with interests in Russia. He is the former Chief Financial Officer of both Etrion and PetroFalcon Corporation, a Canadian oil and gas E&P company focused on Venezuela. Garrett previously worked at Lehman Brothers in equity research and at Salomon Brothers in mergers and acquisitions. He also previously served as Senior Policy Advisor to the U.S. Secretary of Energy. He holds a BSc honors degree from the London School of Economics and an MBA from Columbia Business School.

Appointment of Corporate Broker

The Board of Gulf Keystone is also pleased to announce that it has appointed Canaccord Genuity Limited as the Company's sole corporate broker with immediate effect.

Commenting on today's announcement, Keith Lough, Chairman said:

"Throughout the restructuring we have focused on balancing the interests of all of GKP's stakeholders. Given the challenging set of circumstances that we faced, I am pleased with the outcome of what has been a long and complex process. With its restructured balance sheet, the Company is now in a far stronger position than it has been for several years and we can look forward to continuing to develop Shaikan and rebuilding value for all stakeholders."

"I would like to thank Cuth McDowell for his significant contribution since joining the Board in December 2015 and to welcome both David Thomas and Garrett Soden to the GKP Board. They bring a wealth of relevant experience to the Company and we look forward to their contribution at this exciting time. On behalf of the Board I would also like to welcome Canaccord Genuity as the Company's corporate broker."

[roverite12] 13/10/2016 19:57

Oilman suffers from self deception .

If he lost a fiver and found a penny he'd walk away smiling .

He's not alone in that .

[bigdog5] 13/10/2016 19:54

J0ck, they're all in shock having realised they've been "mislead" over the years by fantasists and those pushing stories from Industry sources. Those that endeavoured to warn of the facts and reality were accused of being "bashers" and laughed at. Are they laughing now?

onetomany, your post says so much about you that some of us recognized from the off. Not unlike posts yesterday from a fake member of the church.

But, as my old mate highlander7 used to say, believe no one on a BB. I did try and explain reality to him but he had his own. His reality has turned out to be so much more expensive though.

Only a Thursday theory though eh.

[fake taxi] 13/10/2016 19:53

You didn't expect the market to give you an instant profit on your OO shares did you. It wont work that way, the only profit on those shares will be from a bid which is higher, otherwise its business as usual. Oh and roverite you deserve it.Shame NOR listened to 1712, he seemed to be on the verge of doing the right thing, oh well.roverite12 - 13 Oct 2016 - 18:42 - 522406 of 522414 - 3The expected settlement date for the Scheme is 14 October 2016.In the meantime bond holders can trade ....pi's have their excess OO money tied up .

[lardner23] 13/10/2016 19:50

Before you pat yourself on the back too much, O63...and I agree you gave fair warning recently...you posted not that long ago that you always came out on the winning side with GKP. It seems to me that over the last few years you have publicly backed a number of complete losers.

Schull, aah, who could forget the contribution he made. In JF we trust, eh?

[j0ck ewing] 13/10/2016 19:29

Wot no oil investor, Gibbs, roverite and lifeson? I'm shocked.

[hassani2] 13/10/2016 19:25

I remember gkp hit almost £4 about 7 years ago,that's when frenchboy made his fortune