Gulf Keystone Petroleum Share Discussion Threads

[olieslim] 13/11/2016 22:12

Atrush feeder work has commenced. (Nov 8)
Target first oil: Q1, maybe Q2 because of winter.

The KRG took up 25% interest in the block. Not sure about a share in feeder.
SEE 'The 4th PSC Amendment and Atrush Facilitation Agreement'.

Logic says a Shaikan PSC amendment is imminent, not?

Interesting reads:



See the conditions and suppose Shaikan similar. (1st link)
What does it say about the timing ('early') of the restructuring?

Does it make any sense to suppose the GKP restructuring caused the delay? (2nd link)

Intuition says: 'skroowed again here'. But how exactly?

[olieslim] 13/11/2016 20:28

oliver66613 Nov '16 - 12:50 - 527096 of 527122 4 0
WZR SNM GKP ordered by Hawrmi to remove all old presentations.

Problem, sedar.com, dont take advice from Hawrmi, but the UK Stockmarket does.

My money is on Simon Hatfield of WZR getting serious law suits from investors as new starts to break, wonder if GKP will get the same law suits?

----------------------

What do you mean? Ordered when, how?

[notout] 13/11/2016 19:55

So clearly this is a massive buy
😇😇😇😇8139;💋ԁ39;

[notout] 13/11/2016 19:54

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."

[notout] 13/11/2016 19:53

£1.70'before xmas ?

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
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[notout] 13/11/2016 19:48

So anyway after DNO taking the Mickey
What's too come this week??

Huge buy!!
Be rude not too
All the best
Much love
👀👀👀👀8522;😊Ԁ68;👄👄;😎🍺🍺🍺
29299;👌998;👁

[notout] 13/11/2016 19:39

Must remember to post more often
Monumental buy
💋💋💋💋8139;💋ԁ39;💋👌;👌👌👌

[joseki] 13/11/2016 19:39

I disagree about them moving on, completely disagree ;)


Let's watch them continue to kick the stool away and pretend to enjoy ongoing suffocation having financially hung themselves.

Tell us what a huge buy it is, Carroll. But this time show us the biggest superlative mega-smilie Buy you can post and fit into the text box :)

Don't be so small and understated, floppy and shrivelled like littlethus, we want the biggest Cheshire cat smile you can make with your puffy gerbil cheeks. Now.. What sort of Buy are we talking about?

[notout] 13/11/2016 19:37

A Producing asset
Repeat producing 👀👀👀
EV/2p $ 0.85
Contemporaneous transaction
Friendly bidder protection
Asymmetrical information
Colossal buy
😎😎😎😎8526;😇Ԁ68;👄👄;👄
Much love
All the best

[notout] 13/11/2016 19:34

Deputy Dawg213 Nov '16 - 19:08 - 527107 of 527111 3 0 (Filtered)

Deputy Dawg213 Nov '16 - 19:09 - 527108 of 527111 3 0 (Filtered)

zorsoupas13 Nov '16 - 19:19 - 527109 of 527111 6 0 (Filtered)

1pence13 Nov '16 - 19:20 - 527110 of 527111 4 0 (Filtered)
------------
😊😊😊😊8522;👄Ԁ68;👄👄;👄👄
Huge buy
Much love
All the best

[joseki] 13/11/2016 19:32

The answers were in the Muppets Munch

[notout] 13/11/2016 19:32

Massive Reserves depletion coming from becoming uneconomic at today's prices.


Exxon alone may be 4.6 Billion barrels --- high cost production becoming uneconomic






.

[zorsoupas] 13/11/2016 19:19

nestoframpers13 Nov '16 - 16:27 - 527101 of 527108 3 2
The real zorsupas , not zorsoupas hasn't posted wince the 14th Oct.


nor - What is 'real?' Is anything real? Is 'ISIS' 'real?'


Reality is the state of things as they actually exist, rather than as they may appear or might be imagined. In a wider definition, reality includes everything that is and has been, whether or not it is observable or comprehensible. A still broader definition includes everything that has existed, exists, or will exist.

Philosophers, mathematicians, and other ancient and modern thinkers, such as myself, of course, Aristotle, Plato, Frege, Wittgenstein, and Russell, have made a distinction between thought corresponding to reality, coherent abstractions (thoughts of things that are imaginable but not real), and that which cannot even be rationally thought. By contrast existence is often restricted solely to that which has physical existence or has a direct basis in it in the way that thoughts do in the brain.

Reality is often contrasted with what is imaginary, delusional (we know that word well here don't we?), (only) in the mind, dreams, what is false, what is fictional, or what is abstract. At the same time, what is abstract plays a role both in everyday life and in academic research. For instance, causality, virtue, life, and distributive justice are abstract concepts that can be difficult to define, but they are only rarely equated with pure delusions. Both the existence and reality of abstractions are in dispute: one extreme position regards them as mere words; another position regards them as higher truths than less abstract concepts. This disagreement is the basis of the philosophical problem of universals.

I know it's a lot for you to get your head around, not being an independent thinker like myself. A bit of advice if you want to evolve to a higher state of consciousness, stop following the MSM, it is EVIL and full of mis-information. Try Info Wars and you will start to understand my reality - THE REALITY!

170p at least by year end.

IMFAO!

[deputy dawg2] 13/11/2016 19:09

Watch him, he won't settle his share of the tab.

[deputy dawg2] 13/11/2016 19:08

Is Panayides there, OI?

[1waving] 13/11/2016 17:58

Massive Reserves depletion coming from becoming uneconomic at today's prices.


Exxon alone may be 4.6 Billion barrels --- high cost production becoming uneconomic






.

[notout] 13/11/2016 17:46

So another week nearer dec 15
Huge buy
Make that monster buy
Much love
All the best
😇😇😇😇8068;👄Ԁ68;👄

[cutthecagain] 13/11/2016 16:55

The "reliable" Pocopicu appears to revel in his defamatory comments and sinister, menacing remarks towards women.

He reminds me of a character who appears to be AWOL from this blog

Of course no one seriously believes that the Doctor "Sarah Gibbs" is suddenly silent.

Like the Ghost of Eddie47 that the minister replies to despite him never asking a question.

As for your disrespect for the "very" elderly, today marks the time when the "very" elderly fought for your freedom in battle. A fight for your freedom that you surely are not worthy of.

And lest we forget: for all the threats of the police some of us had a rather lengthy chat with CID yesterday. Lets see how we go.

[nestoframpers] 13/11/2016 16:27

The real zorsupas , not zorsoupas hasn't posted wince the 14th Oct.

[notout] 13/11/2016 15:35

A Producing asset😇ԅ19;😇😇;Repeat producing 👀👀👀
EV/2p $ 0.85. Contemporaneous transaction
Friendly bidder protection
Asymmetrical information
Colossal buy
😎😎😎😎8526;all the best 😇👄👄👄8068;
Much love

[joseki] 13/11/2016 15:17

Look at that classy rant from pocoloco distinguishing himself from the plebs, the elderly and litter. You can literally smell the plebeian and his junky lifestyle, bet his home is a chavy backyard with cheap white goods. He's not exactly looked after himself either speaking of whales.. also bald and ugly while financially ruined.. what an envious position to be bitter and jealous about.