Gulf Keystone Petroleum Share Discussion Threads

[phillis] 16/11/2016 18:24

Just in case you didn't know - from BP in the FT


"The recent downswing in oil prices results from several factors, argues Appleby, particularly the big production increases from shale fields in the US as drilling techniques advance. “Technology is creating abundance,” he says. This has been going on for some years, but for a time was partially offset by disruptions in supply from other sources especially Libya and Iran. But from 2014 the “supply shock” caused by rising US shale production “showed through with a vengeance”.
Read more at

[bigdog5] 16/11/2016 18:00

Apologies for any perceived ramping with my 75p prediction. It may be 50p. But hey, when the mega pipe arrives and the MNR pay back all the debt what's not to like?

[s_murray] 16/11/2016 17:55

An old nugget... wonder what the Sarah update from Dublin GKP AGM will be for the action group. If you held you have been shafted!!!!!

It's a new day.... and I'm feeling good!

Hello Action Group, it's been awhile! Just giving you an update after I attended the GKP AGM in Paris on Thursday as I know few investors were able to attend.

Have you ever woken up in the morning, pulled back the curtains, the sun is shining, the sky is blue and the smell in the air is sweet? That's how i'm going to describe my AGM experience, albeit the chirping birds might come along and softly coat me with something unpleasant - that's the GKP share price and while that is largely unpleasant right now I couldn't help but smile on Thursday as that day had been a long time coming!

A couple of us were sat in the bar on Wednesday night when along came Phil Dimmock and Jon Ferrier. After awhile Jon and Phil came and sat with us. What a breath of fresh air!

On first impressions Jon isn't far from being a model CEO.

He has had many years dealing with Ashti and knows him very well. Knows the business inside out, was the person responsible for moving Maersk in to Kurdistan so knows the area well and delivered his Syrian project on time and on budget despite very difficult circumstances.

I asked Jon if he had any other commitments and he stressed that Gulf Keystone Petroleum will be his only priority, his full time job and I believed he takes it very seriously and is willing to give it his full commitment. Jon intends to spend 1 week out of every month in Erbil to maintain his relationship in Kurdistan and to keep up to date and in touch with the business. Not a yacht or a blackberry to be seen!

He expressed empathy for some of the positions shareholders found themselves in and without question plans to overhaul Investor Relations as well as to provide opportunities for shareholders to meet with Company Directors and Officials so that they can feel confident in the way the company is progressing and to feedback any concerns of their own that they may have.

The over-arching message that came across was that this man has a conscience and as such recognises his responsibility to and has a respect for his shareholders.

On the other hand that doesn't make him a push over by any stretch of the imagination. Both him and Sami are very focused, very clear, very switched-on and very driven. The Dynamic Duo.

They both set out their very clear vision for the future,
- explaining that every barrel of oil sold so far in 2015 has been paid for
- that they continue to negotiate with the KRG regarding the outstanding money owed
- that expansion plans can only be considered when arrears are paid (or a clear plan is in place showing how they will be paid)
- that while the company is up for sale, they will not accept just any offer - ALL the staff that I spoke to at the AGM stressed that the asset is very good, our problems stem from a lack of payment
- that they intend to wrap up sales negotiations soon so that serious interest can either make a realistic bid or if not, that the company can focus their energies directly back in to the company.
- a board aligned with shareholders - holding stock of their own

It was accepted that it would not be in the KRG's interest to see us fail, they too want to see Shaikan and GKP do well.

From general chatter, I picked up that our peers do class Shaikan as World Class and I think it was announced on the Wednesday that Kurdistan were going ahead with selling their own oil.

All in all, despite the bird poo (the share price) I couldn't help but feel optimistic and relieved that we have the makings of a team that are aligned with us, shareholders and I think / hope that this could be the start of something special!

So a big THANK YOU to team SAG, The picture that was painted on Wednesday and Thursday was the vision I had hoped for when SAG started and although it's taken a long time - they do say the best things are worth waiting for!

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

After the AGM a few shareholders asked about SAG and whether they could join. Initially I said it was pretty much dormant now but on reflection I think it would be a good idea to resume.
I don't think any sort of action will need to be taken now if Jon drives his team forward with the vision he has set out, but it would cause no harm for shareholders to get together with a united front and be ready to act should a need ever in the future arise.
The Institutional Investors have increased their holdings recently, they have a greater say and are well organised (but also conscientious)
The bondholders are organised - look how they negotiated the BER issue
But yet, the retail investors, GKP's largest group of investors are haphazard. Instead of being motivated to influence any kind of positive change they vent their frustrations or make fun at each other over a bulletin board. Some private investors have invested considerable sums of money in to this stock, this is not a way to behave. If they were over charged £10 at a shop they would speak to the shop owner, and if they got nowhere, they'd write a letter - but they'd sort it out. Here people are sat on losses of tens, if not hundreds of thousands and the best they can do is vent at another shareholder or get annoyed. Time to refocus that energy in my opinion, get your energy, like your money well spent. GKP SAG have proved they can be effective, decisive and efficient (getting our resoluntion in in the short space of time we had with the challenges that we faced in getting the paperwork together was a massive acheivement by all involved. It proved dedication and commitment.)

So rather than waste our energies, I have set up a new group for EVERYONE to join who wants to - gkpshareholdergroup.boards.net - I hope to see as many of you over there as possible.

It's a new dawn for GKP
Let's make a new dawn for GKP's shareholders.




All views my own, memory the same. Please don't take any of the above as investment advice.

[bigdog5] 16/11/2016 17:52

"Existing Common Shares will be consolidated and divided into 229,429,566 new common shares of US$1 each".


Its even funnier. Dollars, LOFL.

[s_murray] 16/11/2016 17:49

£1 soon nearly half way to my 1.96 buy. I knew this was a winner..well it was when I was on the BOD.

[bigdog5] 16/11/2016 17:43

Why buy at 1p when you can go for full value of a £1? LOFL.

Massive sell at £1, or likely 75p?

[rapptor] 16/11/2016 17:38

The Board believe that by consolidating the shares it will make it more attractive to investors, can I suggest that by ridding the company of all the dross and corrupt parasites might be a better first step, all IMO of course.

[bigdog5] 16/11/2016 17:28

Huge buy, what at £1 when you've been buying at a penny, LOFL.

You couldn't make it up. But the BoD of Gulf are, whilst troughing of course. Sami, what a class act he is. Ferrier shareholder value, is he serious? P45's ?

I did say this was no more than a vehicle for those in the company to trough.

Some say, you should hold for full value!

[nestoframpers] 16/11/2016 16:32

13:53
Director (not) buying
this user is in your favourites listbroadford bayInteractive Investor client 2 UP
It has long been said that buying by Directors has been impossible due to being in a "closed / close period".

Page 9 of the 'Proposed Consolidation' RNS states (just above the Incentive pot distribution grafik:

"No award or grant of nil-cost options my be made during a closed period"

One to watch...

[notout] 16/11/2016 15:57

Huge buy
Simples
Much love
All the best
👀👀👀👀8068;👄Ԁ68;👄

[roverite12] 16/11/2016 15:46

Bigdog5
15 Nov '16 - 17:50 - 527172 of 527254 11 0
"the MNR added" !!!!!!!!!!!!

Been doing it for years.

And that's why no one will invest in Koruptistan.


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

Bigdog was invested in GKP right up to June of this year (allegedly). He held a lot of shares (allegedly).

He claims to have made money by investing in GKP - despite selling up at the grand price of 4 pence . Yes , really !

GKP operates in Kurdistan . Bigdog maintains that he's known the corruption problems in Kurdistan and GKP "for years" .

Bigdog obviously has a few problems with his story line ; the inconsistencies are becoming quite laughable . He is quite obviously a liar and fraudster .

[nestoframpers] 16/11/2016 15:31

Haven't read the Value Creation Plan but if these clowns are thinking of lining their pockets some more then we have basis of another daily fail article on troughing city types with no morals .

Since SZ's option are 1.5 mill at 55p the consolidation will be his idea, looks like he will be aiming for £1 , cheapskate .

3 bill blls to GKPs 58% WI ( easy to get to this ) should be £7 to £10 ish a share at 2.3 bill shares

[lardner23] 16/11/2016 15:09

I hope GRH goes and asks them to explain what was so unattractive about his proposal.

[oliver666] 16/11/2016 14:49

OM 63 looks like a Ryan Air flight for you again, thats after you have done London on December 5 -7 holding Hatfields Hand. How opportune to hold it on December 8 in Dublin, where several KRG offshore companys are registered. Ashtis block of votes in Play?

Ferry 0M63, You could try Queen Mary from NYC listening to Leslie Wayne.

You enjoy Dublin, and don't fret about Ferry's.

[pocopicu] 16/11/2016 14:44

Has Oilman found a Woolies to drop his XXXXXXXL trousers in yet?