Gulf Keystone Petroleum Share Discussion Threads

[hearts1] 19/11/2016 11:37

I can lend you a fiver if your desperate. Splash out and get the Mrs a subway lunch.

[ccr1958] 19/11/2016 10:48

Show me the money !!

[krr13] 19/11/2016 10:33

hxxp://www.nrttv.com/en/Details.aspx?Jimare=11058

NEW DOCUMENTS SHOW ABOUT $1.2 BILLION IN KURDISTAN REGION'S OIL REVENUE MISSING

Up to 36,000,000 barrels of oil went missing over the first six months of this year, according to documents NRT has obtained, and the Kurdistan Regional Government's (KRG) Ministry of Natural Resources (MNR) has not mentioned the loss, which amounts to $1.2 billion, in its monthly reports.

Figures NRT obtained from a special source show the figures the MNR publish every month on the amount of oil exports and the region's oil revenue are different from several secret figures from the MNR itself.

There are differences between the MNR's figures regarding the region's oil exports, according to documents obtained by NRT.

More than 200,000 barrels of oil per day (bpd) went missing in the first six months of 2016.

The Kurdistan Region's MNR said in its monthly report it produced 601,811 bpd in January 2016. However, according to documents NRT obtained, the KRG produced 840,000 bpd in January.

The MNR said it produced 350,067 bpd in February. According to documents NRT obtained, the MNR produced up to 810,000 bpd in that month.

The MNR reported it produced 327,371 bpd in March but the documents NRT obtained reveal it produced 600,000 bpd in March.

The ministry produced 511,888 bpd in April, according to the MNR report, but documents obtained by NRT show 600,000 barrels of oil per day were produced.

The MNR stated the region produced 513,041 bpd in May but the documents obtained by NRT again show a different figure, which is 600,000.

The MNR report for the month of June shows 567,000 barrels of oil per day. Documents obtained by NRT show the MNR produced 570,000 bpd in June.

The total amount of oil produced over the first six months of this year amounts to 86,000,000 barrels of oil, according to the MNR's monthly reports. Documents obtained by NRT show the total amount of oil produced over the first six months of 2016 to be 122,000,000 barrels.

The MNR has not reported 36,000,000 million barrels of oil, which was produced over this period.

The total amount of money which has gone missing from the Kurdistan Region's oil sales amounts to $1.2 billion.

The amount is enough to pay three months of employees' salaries, according to the current KRG austerity measures of withholding a portion of the salaries.

[roverite12] 19/11/2016 10:31

a fake who only seldom lets something approaching intelligence slip through the façade

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

He's in good company on this bb then ..... :)

[notout] 19/11/2016 10:01

With direct sales in place then profits in 2017 should be over 100m

On a simplistic forward p/e of 12 $1.2bn value forgetting asset base

So it seems to me that Gkp are hugely undervalued on any metric


Huge buy
Much love
All the best
😎😎😎😎
In dublins fair city 💪👄👄👄8068;

[notout] 19/11/2016 09:57

When will the outcome of negotiations with MNR be made clear????
Pre agm? Or pre Dec 15 ?
Utterly pivotal to Gkp whether continuing independantly or not
Huge buy
Just a mull
😯😯😯😯8559;

[notout] 19/11/2016 08:47

At an ev/2p of 6

Cheap Takeaway 2160m

Uplift 1860

Vcp 186

Jon Ferrier scoughs $84m


Shaikan is worth f all - or something cooking 👄👄👄👄8068;
Huge buy
Much love
All the best
😎😎😎😎8526;😎ԅ26;

[deputy dawg2] 19/11/2016 00:36

Filth. 😊

You just know frenchboy is flying high over the Pyrenees, offering Pringles at £3 a pop and thinking on what might have been.

[oilman63] 18/11/2016 23:56

Hang on while I change my bag 😄
I'm getting wet patches on my shirt 😂😂😂

[olieslim] 18/11/2016 23:28

Interesting, lardner23. Thx.

I seem to remember Perella Weinberg being referred to as 'dealmakers' on these boards.
Do you have a reference to a posting on here that sheds some light on their relationship with Varzi, at the least demonstrates that f.i. his contact at PW?
(raises the question whether PW and Unaoil had something that can be refered to as 'going back a long way'. retorical ;-)

Re: opulentia's post.
While Varzi was at GKP, he at the same time was an adviser to the board of Unaoil. I presume you have read up on UnaOil: 'dealmakers' with very interesting relationships (goes also for the 'familiar' names associated with them as for the nature of those relationships).

At the moment and as a working hypothesis I regard Varzi as foremost UnaOil's man inside; inside GKP.

Back to opulentia's post:
The subject line strikes me as a warning after having read that post that strongly advocates for Varzi by meticulously pointing out his qualities, possible merits for GKP and background. However topulentia's post doesn't mention his relationship with UnaOil, eventhough GKP itself did, always had and so did he himself on his bio and business.
Part of the post is text literally copied from GKP. The UnaOil reference is left out, deliberately imo, by opulentia.

Why?

Nobody knew about the UnaOil scandal back then, which exposes their modus operandus and clientele, and I doubt any pi's on these boards ever heard of them back then. So, eventhough GKP doesn't hide it and the man appears 'defined' by and himself promoting his relationship with UnaOil, opulentia -adressing shareholders that can vote- appears to think it is better to leave it out while making a strongest possible case for Varzi and against the '4'.

With this in mind, look at the subject line of opulentia's post again. It is a warning: If Varzi goes, it won't be good for GKP. History proved opulentia right, imo. And it appears opulentia knew something nobody else on these boards entitled to vote knew. Therefore I consider opulentia being(/having been?) an insider.

Just in that respect? opulentia appears an active poster not only on this board. And from what I've seen pretty outspoken with 'buy' etc. Suppose opulentia today too is an insider... helpful or not?
Not trying to sidetrack the discussion in the direction of opulentia but as 'camps' were the subject here yesterday, ...two cents and all.


P.P.S. BTW, it appears UnaOil have quite a history in Algeria (Easy Google). Just saying.

[biggerthus] 18/11/2016 22:49

Funny, Sky & co were all over Todd's troughing, but they don't seem to have noticed the latest round from the non-entities who never even took an exploration risk.

I have no problem with rewarding entrepreneurs who take risks that work out, but Ferrier & Zouari are basically janitors and should be paid as such. They have added diddly squat to GKP since arriving, but instead have managed to subtract SA & 95% of shareholders' stakes.

I'd be surprised if the vultures holding most of the shares will challenge things, as it's in their interest to have muppets in charge, so perhaps the press need a nudge ???

[roverite12] 18/11/2016 22:44

The barrels are what it's all about , Terry .....as well you know .

Or are you saying that Shaikan doesn't have billions of barrels of oil ?

Kozel walked away with millions ...Ferrier is going to walk away with tens of millions , maybe even into triple figure millions .

The scale of the fraud is in proportion to the size of the asset .

Yep ....forget about Ferrier and Harwami ; let's blame everything on some blog poster called Bob .

Not trying to divert attention are you , Terry ?

[cutthecagain] 18/11/2016 22:10

😂 😂 😂 😂 😂 😂 😂 😂 😂 😂

[1302sb] 18/11/2016 21:42

Notout - your former service background? You sold washing machines and white goods. Are you saying you served in the armed forces? Who were you with?

[nestoframpers] 18/11/2016 21:29

Two different parties had refinance options and JF wouldn't even entertain a meeting so I have been told . Was the KRG not liking it ? One of those was with Saudi's.

Refinance or renegotiate , PMO are just paying it back later 2021, the BHs make more on interest .

SZ arrival quickly led to the securing of the notes.


time line looks suspicious



30 October 2014
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")

Approval of Akri-Bijeel Field Development Plan
Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, notes today's announcement by MOL Plc., operator of the Akri-Bijeel Block in which Gulf Keystone holds 20 per cent working interest, as follows:




22 January 2015

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")

Appointment of Chief Financial Officer




25 February2015

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")

Strategic Update
Concurrently, and in view of strategic discussions and its current liquidity position, and with the intention of meeting its existing debt payment obligations, the Company is undertaking a review of its financing options and in that context will engage in discussions with its key stakeholders.



12 March 2015 ( AB deemed unsaleable)

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")


Notice of Meeting of Noteholders

US$250 million 13.0 per cent. Guaranteed Notes due 2017
(Regulation S Notes: ISIN XS1056559245 / Common Code 105655924;
Rule 144A Notes: ISIN XS1056559088 / Common Code: 105655

[lardner23] 18/11/2016 21:08

Phillis, you've gone all party line on us ;)

[phillis] 18/11/2016 20:49

Why couldn't the DEBT be refinanced

Stupid question
Because it couldn't
Where do these moaners come from?

[nestoframpers] 18/11/2016 20:30

01-11-16
Re: Why the AGM delay?

robbiepaul2 31UP

JF did a good job for shareholders?You're kiddin right?

Shareholders invested in a company that hit the Holy Grail of Oil exploration,Billions of barrels OIP,cheap to extract,onshore and all in one place.Yes they may not have hit commercial Oil,but they did,that was the chance that early investors took.What they didn't expect was to see 95% of their investment wiped out unless they put up more cash.

Yes, an oil discovery of gargantuan proportions was discovered,but the investors were left with 5%.I struggle to think of any other company making such a massive commercial discovery where the investors have lost 95% of their cash,unless fraudulent skullduggery has taken place.

Add to that:-
The ASSET was secured(what impeccable timing)
The DEFAULT was by CHOICE.No need to default at all at that stage.
Not one DEAL or Farm In or Joint Venture could be found.Very strange.

Why couldn't the DEBT be refinanced as other companies have done,especially as the backdrop was improving,Oil Price,Daesh on the run,Iraq IMF loan,meaning all debts/owings have to be cleared before money was loaned to the region,so there is every chance GKP will be getting BACKPAY/Back in rights cash paid to them in the near future.

The best of all was Sheik Adi.GKP had an 80% WI in a billion barrel discovery which was described as a side lobe to Shaikan,but Ferrier gave this DISCOVERY away at a cost to the company.

Now,I have been investing in O&G for many many years and the rule of thumb is that once a commercial discovery is made,you move hell and high water to acquire nearby acreage.There is no way you give nearby commercial blocs away and pay for the privilege.Not a chance.

Ferrier has also presided over the ever falling owings for Oil produced and not paid for.It was well over $300M at one point,but as if by magic,it has been whittled away $ by $ without explanation or amounts arriving in GKP's BANK.

Ferrier and the BOD have overseen a 98% drop in shareprice,while he and Zahawi have had their noses in the trough while the shareholders have been wiped out,please do not try and tell ordinary shareholders that Ferrier has done a great job for them,because as anyone can see they have all but given away a............
WORLD CLASS ASSET.

RP.