Gulf Keystone Petroleum Share Discussion Threads

[1712notout] 25/10/2016 18:25

Huge buy
😛😀😇😇8519;😯ԅ59;😕😕;

[olieslim] 25/10/2016 18:16

?

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14:32 03/10/2016 Re: Shenanigans?
People who've recently departed a KRI focussed IOC or have announced that intention would inevitably attract attention in this context. A bit rich of Crestal (see video) to trade on the fact that incumbent companies are saddled with overdue payments from the KRI - so that they (Crestal) offer a better investment! Charming stuff - especially if it turns out any Genel execs past or present are involved.
14:17 03/10/2016 Re: Shenanigans?
The buzz is that Crestal Energy may be involved - but clearly more than one IOC implicated:
12:45 03/10/2016 Shenanigans?
The MNR has put out an odd statement: It suggests some shenanigans in London - I do hope Genel are not involved. Statement: It has come to the attention of the Ministry of Natural Resources (MNR) that a London-based company is promoting itself to potential investors as a new upstream investment vehicle focussed on the Kurdistan Region. The Company is circulating presentational material and information to prospective investors in which it states that its management team includes current executives of international oil companies (IOCs) active in the Kurdistan Region, and also a serving senior official in the Kurdistan Regional Government (KRG), who is now under investigation by MNR. MNR is of the opinion that their involvement may have given rise to a serious conflict of interest with regard to the security of KRG confidential data for oil and gas blocks to which the KRG official and the IOC executives have had access as part of their duties. MNR has written to the IOCs involved requesting they conduct an investigation into the alleged involvement of their executives and notify us as soon as possible about whether a conflict of interest has occurred and whether the KRG?s confidential data may have been used or disclosed to potential investors without the KRG?s consent. The KRG normally welcomes new investors to its oil and gas sector. However, the laws of the Kurdistan Region are clear about the unauthorized use of confidential data and the involvement of government officials in private business. MNR will not enter into any discussions with companies or potential investors that do not respect the KRG?s laws and regulations.

[nicebut] 25/10/2016 17:42

BD,

GKP went quiet because of A/ SA-1 didn`t flow B/ SH-6 testing problems. didn`t flow. c/ they only wanted good news and improved OIP. d/ Bad news/ slightly negative or problematic news was buried- went unreported- until March 14

IMO etc

[bigdog5] 25/10/2016 17:15

Years ago in the run up to the court case the company announced that there would be less news announced. It was considered on the bb's if this was deliberate in order to be conservative about the numbers of barrels and possibly to lessen the chance of the wempens getting a big pay off.

Then it was a Political move so as to not advertise to Baghdad how great ShaiCon was and to be able to keep the Kurdish barrels "under wraps" whilst the Oil Law (LOFL) was agreed.

Then when Isil invaded it was thought the numbers were being played down so as to not put the mighty ShaiCon at risk. In amongst all this were the fake reverend's missing slides and dodgy CPR's, and why are the company hiding the real numbers.

Now bearing in mind any company having a great asset(s) would normally be doing their utmost to spread the word in order to support a plummeting share price doesn't that suggest either:-

1) that the MNR (as I've said for years) control absolutely everything and having wrecked the company by not complying with the PSC will eventually take the asset?

2) the asset has very real problems and with little money to take it forward and that as there was no one prepared to buy the asset or FI for a decent amount is just a means of the BoD and employees continuing to trough?

Anyone that even considers that the restructure was anything other than a massive con when there were many other options available and indeed offers much better for shareholders than the company has presented them with needs sectioning imho.

[nicebut] 25/10/2016 16:40

Dare i say it- yet another `sauce`...Actually I don`t remember one of his many `sources` ever being ``correct``- But i digress...Perhaps he could point out when one of his sources was correct?
Was it errrrrrrrrrrr....No can`t think of one.

LOL


bobobob5 12 Nov'11 - 18:39 - 126388 of 397943 0 0

Little hen: if my source is correct...it usually is...I have some rough idea of how much Rex Wempen might perhaps want to settle his claim out-of-court. It is certainly the case that failing to settle the claim so far has depressed the share price, but I think that is irrelevant to ExxonMobil, they could not be involved with some sort of collusion.

btw in my experience, only a lunatic ends up in a courtroom...it is RIDICULOUS to put one's fate in the hands of a judge.

imho DYOR etc

[nicebut] 25/10/2016 16:27

And this- Notice how excited he is?

bobobob5 13 Nov'11 - 10:31 - 126617 of 397948 0

It's all over now, baby Blue.

In fact, it was all over weeks ago when the deals were done...

But the official signing pen was delayed in the post - so the politicians in Baghdad and Erbil had to maintain the pantomime for a wee bit longer LOL

So what are we going to do now?

Catch dinosaurs. Make love to Elizabeth Taylor. Catch hell from Richard Burton.

imho

[lobo] 25/10/2016 16:27

Ahh 49p ...those were the days!



I think GKP was officially up for sale and Malcy was suggesting £2.73?

[nicebut] 25/10/2016 16:23

And this:

bobobob5 13 Nov'11 - 00:27 - 126463 of 397945 0 0

No bidding war. A deal was agreed in principle with ExxonMobil quite some time ago, according to my source. But it had to be kept secret. The rumour is that there is a 'baseline' deal underpinned by the DGA etc. volumetrics, with an uplift for whatever more is found - or isn't found! All will be revealed in the fullness of time.

This is all a bit boring now. profitable yes...but boring. Yawn.

btw did you lot see me on TV this morning (or perhaps in person) at the Lord Mayor's Show? I was wearing the floor-length leather coat with the buckles.

No I wasn't on a Soviet missile as if Mansion House Square were Red Square in the Brezhnev era LOL

but imho DYOR etc as always

[nicebut] 25/10/2016 15:30

Hearts,

is pocipcu highlander7?

Found this (looking for post about O_I) -sent it to myself with a note that the share price was 49p


highlander7 4 Mar'15 - 09:17 - 405731 of 405759 6 0

Its only tough if you take on board all the c*ap from the likes of NB and Mandy (Beng).

Otherwise - hold and wait. IMO

[hearts1] 25/10/2016 15:22

Bigger Thus was probably in XEL, he's been in all the dogs.

[cutthecagain] 25/10/2016 15:15

Blimey, I remember the days when every man and his dog was advising investment in XEL

Another too good to be true story it seems

[cutthecagain] 25/10/2016 15:13

Wr you were the most likely person in the group to have the IT skills for the cyber attacks.

You're vehemently protesting your innocence - I don't think for a second you don't know which member of your group was behind it.

[polysale] 25/10/2016 15:07

Just be thankful you're not in XEL

[kandyman1] 25/10/2016 14:45

Nicebut.Yeah looked at hur.Nearly jumped in at 35 after placing.Last 9k so ultra careful and doubtful if i should bother trying start again after losing everything i had K

[shaftdrive1] 25/10/2016 14:27

Bd5...I've reported my previous post to advfn,the Met,the missing Sweeney Squad,the Pope +++ and Scully&Muldar! I'm going to pieces waiting for that rasping knock on me semi detached tent! ....I had a 4 berth caravanette b4 I lost my shirt and life on bloody GurusrUs deceit...Bah....

[oil_investor] 25/10/2016 14:13

Oh dear.

Bigdog5 sneers at the idea of a Reserves Committee.

Why would he do that?

Such things are pretty common in the sector.

By the way, another senior petrophysicist has also told me that he thinks such a committee is required.

One of the first things it might perhaps do is ask to see the 2012 Ryder Scott Fracture Report?

[nicebut] 25/10/2016 14:06

We need a Walter Mitty committee...

[bigdog5] 25/10/2016 14:03

Reserves committee LOFL.

Meetings to be held in a telephone box?

[simon_64] 25/10/2016 13:53

joseki

Spot on !

[bigdog5] 25/10/2016 13:47

Stu, post 525155, back of the net.

[joseki] 25/10/2016 13:43

Wildrider7: "The reason being that I couldn't see the RATIONALE for doing so. Nothing i had seen during that time, convinced me that such a destabilization was for the good of the company or the shareprice"

The share price didn’t drop on management change, the city and institutional investors wouldn't touch Gulf. You blame the NEDs for the bond raise but the reality is Todd Kozel had already ruined his own reputation and nobody was willing to put in equity. He spent whatever cash he could get on his lifestyle.

Gulf dropped for 3 primary reasons:
1. Gulf overstated their assets, but when subject to the rigour of UK listing requirements the CPR from ERC Equipoise revealed the shortcomings in all previous claims
2. Gulf ran out of money. Since the money it did raise from equity financing was taken by Todd Kozel for bonuses and expenses before they could properly deploy the cash into asset growth, Gulf Keystone was left to the mercy of bondholders who demanded (fairly) an exorbitant yield for their loans. And as it turns out, Gulf would have been insolvent at maturity.
3. Oil prices collapsed, that was beyond Gulf’s control but a nightmare for repayment.

If Kozel was allowed to remain at Gulf Keystone, tell us Wildrider what would have happened to your speculative investment? with the oil price still collapsing the way it did, and Gulf still being pushed to the brink of bankruptcy on expensive bond financing? Todd would have done a massive dilution on top of the massive bond dilution, tried again to give himself a huge chunk, and solicit anyone still willing to park cash under his signature. By that stage that would have been nobody, and GKP would have gone under.

What an absolute fool.

[mr roper] 25/10/2016 13:21

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