Gulf Keystone Petroleum Share Discussion Threads

[biggerthus] 12/11/2016 17:01

oilcan, you flatter yourself.

Nobody (with brain cells in double figures) ever did listen to you.

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Oilman6312 Nov '16 - 16:57 - 527072 of 527072 0 0
Little man shouts loudly but nobody that matters is listening anymore 😄

[oilman63] 12/11/2016 16:57

Little man shouts loudly but nobody that matters is listening anymore 😄

[oil_investor] 12/11/2016 16:23

polysale: there were three factors. My #526910 gave the details.

[polysale] 12/11/2016 16:16

I assume this is what Oilman is talking about

Oil exports through Kirkuk-Ceyhan pipeline resumed after temporary halt
By Rudaw 16/9/2016

ERBIL, Kurdistan Region – Oil has continued to flow from Kirkuk to the Turkish Ceyhan port through the Kurdistan Region’s pipeline two days after it was halted due technical problems.

A source told Rudaw that the technical problem was resolved on Friday, after it delayed the flow of oil for 48 hours, and that the exports are now resuming as normal.

Earlier Farhad Hamza, chief engineer at North Oil Company (NOC) told Rudaw that due to a technical problem in one of the main oil pumps and a leak in the pipeline the export had been halted.

The Iraqi state-run NOC manages the Babagurgur, Jambur, and Khanazziyah oilfields in Kirkuk province.

The pipeline currently exports 100,000 barrels per day (bpd). That figure is expected to rise to 150,000 bpd following a recent oil agreement reached between Baghdad and Erbil.

According to the new deal, which was reached following the visit of Kurdish Prime Minister Nechirvan Barzani to Baghdad late last month, Baghdad and Erbil will jointly sell the 150,000 bpd which go through that pipeline.

The Iraqi Oil Ministry confirmed the resumption of exports from Kirkuk last week based on an agreement signed between the Kurdish government and Baghdad back in 2014.

[notout] 12/11/2016 14:03

So 0.85 ev/2p even after applying monumental discounts a tad under clubbed
Monumental buy
💋💋💋💋8139;

The European exploration and production (E&P) sector currently trades at a simple average of $15.5 per barrel of oil equivalent (boe) of enterprise value (EV)-to-proven and probable (2P) reserves. M&A history shows an upper limit of $15-17/boe 2P reserves. "For M&A activity to occur, stocks must first trade significantly below this level to allow a 40-50% bid premium," says Jefferies.

It has done some work on reserve life metrics, too, based on the 2P reserves over estimated full-year 2015 production for each stock covered. "Value of de-risked reserves combined with strategic rationale is a constant in 17 corporate M&A deals stretching back to 2008," it says.

The E&P-weighted average for the past 15 deals is about $16/boe for 2P reserves. Include the Shell and Repsol deals and it falls to $13. "Crucially, though, the targets fell to significant discounts ahead of bids, allowing sufficient premiums (49% on average) to get the deals over the line."

"This may seem a simplistic argument, but to us it makes clear sense. Industry weighs the cost of bringing through production versus the access to barrels," writes the broker. "The exploration, appraisal and even development risk included in a premium trading metric is a tough acquisition hurdle to justify across the Board table."

[pocopicu] 12/11/2016 13:53

I'll vote for myself. Cheers Shares.

[afkah] 12/11/2016 13:33

Put me down for notout and gkp hero please Shares.

[oilman63] 12/11/2016 13:10

One for CCC on 3iii

Production drop was due to outside factors and beyond the company's control I believe.
Something that had to be rectified by a hands on approach.

If you look in the Kurdish press around that time you should find your answers.

[sharesiq88] 12/11/2016 10:35

Balls, I forgot Johnbuy and Mikey Admin!

Going forwards. The nominees for the 2016 GKP's biggest obscenity awards are:-
Sharesiq88 - 1712notout and Wildrider7.

[notout] 12/11/2016 09:29

3.3 bn x 1.7 x X 1.26

Plus debt

Would need a bid of $8bn

And locked up d4e paid

That would be an EV /2p of 22

Not unheard of given contingent etc etc

But 2-3bn is my valuation

Huge buy
However you look
Much love
💋💋💋💋8139;

[notout] 12/11/2016 08:58

SharesIQ8812 Nov '16 - 08:16 - 527054 of 527057 2 0 (Filtered)

SharesIQ8812 Nov '16 - 08:17 - 527055 of 527057 2 0 (Filtered)

SharesIQ8812 Nov '16 - 08:18 - 527056 of 527057 2 0 (Filtered)

hearts112 Nov '16 - 08:54 - 527057 of 527057

Steady shares thats 1 post a minute you're in danger of RSI

Presume you very gkp positive
Huge buy
💋

[sharesiq88] 12/11/2016 08:18

PPS: How did you get on with your birds the other evening?

[sharesiq88] 12/11/2016 08:17

PS: I'm loving your new upbeat tone!

[sharesiq88] 12/11/2016 08:16

Hi Oil investor, would you agree that this page appears to be symbolically enduring a death of a thousand cuts, much like gkp?

(Please don't put this in the police files)!

[sharesiq88] 11/11/2016 19:50

Food for thought Jasper. I never looked at it that way.

[0il_1nvestor] 11/11/2016 18:35

More madness.

We live in a rat-infested alley not a bedsit. One of my chums (I could name him, but I won't) has very clearly demonstrated this, when he posted a picture of my house on this very board. Have I mentioned I'm a millionaire yet today? Or the mighty Jensen?

Oh, and before I go back to my goats and Leonard Cohen albums, let me say that it's been very obvious today how the trolls have gone about suppressing any discussion of the barrels. Their conspiratorial silence will, of course, be added to the Police files.

[olieslim] 11/11/2016 18:01

Appears their , Kalegran, exploration manager became subsurface senior expert at and around the time they went silent. Maybe just left it to 'Bob' ;-) Good weekend

[the patriotic irishman] 11/11/2016 17:40

''according to an industry professional chum of mine''

eek bob has a chum

must be another bedsit singleton who drools over fictitious cracks and empty barrels

arf arf 😊