Gulf Keystone Petroleum Share Discussion Threads

[mr roper] 05/12/2016 10:13

"our mutual success"...must have missed that bit in the last 6 years..

[sidesplitting] 05/12/2016 10:11

#KIOG16 HE Dr Ashti Hawrami answers questions




#Awkward

[oil_investor] 05/12/2016 10:09

Dara Khailany‏ @dkhailany

#KIOG16 QT: Our strong partnership with you in the oil & gas sector is crucial for Kurdistan’s continued progress and our mutual success
9:45 am · 5 Dec 2016

[mr roper] 05/12/2016 10:08

lol...Hawrami about to wield the reseller premium on SA, BB, and AB.. House wins again!

[oilman63] 05/12/2016 10:07

Just an observation on Bob's post response.

He puts a post on here and boom its voted up rapidly hitting top post. And then one of his lapdogs notout posts it across to 3iii (sat 10.21) and only 3 people voted it up.

And then the thick brickie post another one of Bob's seemingly popular posts on here on to 3iii (nest Sun 22.32) only 2 people voted It up.

And some say they don't have multiple avatars.

MIND CONTROL !!!

[sidesplitting] 05/12/2016 10:06

1712notout 5 Dec '16 - 08:14 - 528598 of 528614
Well increasing to 55k does cost money you know



So where's the operational update?

#drip

#drip

[oil_investor] 05/12/2016 09:57

3m
Shwan Zulal‏ @ShwanZulal
Hawrami says the new block boundaries are complete and 20 new blocks are up for grabs in Kurdistan region

[oil_investor] 05/12/2016 09:53

hxxp://www.periscope.tv/w/1lDGLmzjMdMJm#

Dr. Ashti opening remarks at the conference today.

[tess_tickle] 05/12/2016 09:51

Wheres the money draining away to ?



$15.0 million in August 2016.


Following receipt of the payment, the Company's current cash position is $108.9 million.

Add $25 million from open offer in October = $133.9 million




$15.0 million in September 2016.


Following receipt of the payment, the Company's current cash position is $104.5 million.

[sidesplitting] 05/12/2016 09:18

"Looks like a plan?"
-------------------


It's the same plan as last year!!



sidesplitting 29 Nov '16 - 09:55 - 528158 of 528611 2 0 Edit

Anyone know of any bookies taking bets on whether IOC's get paid by the MNR first day of KIOG conference in London 5th Dec?


sidesplitting 2 Dec '16 - 15:42 - 528478 of 528611 3 0 Edit

There was no November payment in 2015, then one popped up 02/12 around the time of last years KIOG 'con'ference.

We'll see...

#con



:D

#Transparent

#ThatMuch

#AtLeast

[nestoframpers] 05/12/2016 09:15

Nov presentation says the 15 k a day increase in Production will be funded from oil payments.

[oil_investor] 05/12/2016 09:14

DNO have just announced that they have been paid for Tawke production.

So the KRG have paid the three exporting IOCs (Gulf Keystone, Genel and DNO) on the same day, just before the Kurdistan oil conference delegates finish their GKP-sponsored coffee and biscuits.

Looks like a plan?

[afkah] 05/12/2016 09:12

Hurrah! A business being paid very belatedly for what it has produced.

What a novel concept. They are totally great those Kurds, eh?

[fairenough11] 05/12/2016 08:54

I see JF has sponsored the Tea and Coffee.

Great progress JF:-)

CWC Iraq ‏@CWCIraq 46s47 seconds ago
Welcome Coffee @ #KIOG16 Sponsored by @Gulf_Keystone

[oil_investor] 05/12/2016 08:51

So the KRG do not pay for Shaikan production? There's another payment, making 21 consecutive months since 1 January 2015 for which GKP have been paid.

The cumulative gross payments in 2016 for Shaikan production now total $142.5 million ($127.5 million stated in the presentation, plus the further $15 million announced today).

The October 2016 invoice is due for payment, with the November 2016 invoice not quite due yet. Accruing the October figure at $12 million net to GKP the underlying cash position would therefore be $104.5 million + $12 million = $116.5 million.

Looking at how the cash balance has moved, we see that since 26 October 2016:

26 October $108.9 million
received $12 million
spent $16.4 million
5 December $104.5 million

The period between those dates is one and a third months. The typical monthly total cash spend at Shaikan and for GKP running costs, excluding major capital items, is probably somewhere around $8 to $9 million per month. So one and a third months would typically be something like $10 million to $12 million, depending upon how MOL is paying GKP. So it may be the case that perhaps $5 million has been spent in addition to the typical monthly spend. I would not be surprised at that, because deposits etc. may have been placed on ESPs and/or a drilling rig option.

This week should be interesting I think.

[1712notout] 05/12/2016 08:27

Huge buy
And hold
All
The best
Woof woof
🐩🐩🐩🐩8041;🐩Ԁ41;

[wildrider7] 05/12/2016 08:17

Wow, that's a lot of projections here from the resident Curtain Twitcher extraordinaire

lardner233 Dec '16 - 21:29 - 528540
What I dislike, nest, are avatars who are selfish, hypocritical, disingenuous, on an ego-trip, misleading, sociopathic, manipulative or those that are just plain daft, without the sense to realise they don't have the nous to play the stock market and then get paranoid about everyone else.

....................


lardner234 Dec '16 - 10:32 - 528554
Nest, yes I've still got about a hundred share

=> and spends her life here for a 100 shares at 1.2 pences she is supposedly holding

You Couln't Make It Up!!!!

[nestoframpers] 05/12/2016 08:16

It's all that Kopi luwak coffee they get through KULVI

[1712notout] 05/12/2016 08:14

Well increasing to 55k does cost money you know
They do have a business to operate 👌👌👌👌8522;😊ԅ22;

Huge buy
And hold of course
All, the best
Much love
Oysters and Guinness party temple bar
🚀🚀🚀🚀8640;🚀Ӿ70;🍾🍾;🍾🍾🍾🐩
28041;🐩€041;🐩㈄1;🐩🐩🐩

[kulvinder] 05/12/2016 07:56

So they spent $19m since last month then, Have I got that right? Cash Now $104m was $108 in Oct.

[owdbuffer] 05/12/2016 07:40

Gulf Keystone confirms today that a gross payment of $15.0 million has been
received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil
export sales in September 2016.

Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to
work towards agreeing the final form of the invoices for May through September
2016.

Following receipt of the payment, the Company's current cash position is
$104.5 million.

[hearts1] 05/12/2016 07:18

Latest payment shows overall cash going backwards. I suppose the BOD Xmas party doesn't come cheap.