Gulf Keystone Petroleum Share Discussion Threads

[joseki] 14/12/2016 13:46

Who is this 2jester and why does he seem to think Nick Davis has threatened investors?

Has he? Who? And how much does a strongly worded legal letter cost vs arbitration?

The only action Gulf took was Spencer Freeman who wasn't an investor.

Therefore any legalities thus far haven't cost much, except Excalibur.

[oil_investor] 14/12/2016 13:42

2jester: some people have been LYING on here about letters from Nick Davis. And there apparently are also forged Police reports in circulation. The CID are well aware of the problem of these forgeries.

[1712notout] 14/12/2016 13:36

I'm
As ever tempted to say
Huge buy and most importantly hold

So I will
Huge buy
And most importantly

Hold
All the best
🚀🚀🚀🚀8640;☃☃☃☃☃☃😊8178;🈲ӻ38;🈲

[2jester] 14/12/2016 13:33

Arbitration too costly?

I really dont think whoever wrote that understands why interested parties sign up to arbitration.

The one massive difference to court action is COST!

IF GKP are happy to blow stupid money on Nick Davis for threatening letters to journalists and investors, then arbitration costs should be a welcome relief.

[lardner23] 14/12/2016 13:25

"Who said arbitration was to costly was 100% incorrect. I know GKP were offered that service and costs paid"

Who offered to pay for GKP arbitration costs, Oliver? And on what terms?


O_I, why did you not have a problem with no resolution on the accounts last year?

2015: The Bermuda Companies Act requires the Company’s audited financial statements to be laid before shareholders and this is the first item of business. No resolution is proposed.

2016: The Bermuda Companies Act requires the Company’s audited financial statements to be laid before Shareholders and this is the first item of business. No resolution is proposed.

[ccr1958] 14/12/2016 13:22

Bang on JB, if only the moaning minnies had followed the prompts in stead of banging on about the past !!!

[ny boy] 14/12/2016 13:20

I'll reluctantly sell mine for £25.00 a share😉

[gkphero] 14/12/2016 13:15

Chinese takeaway.

[gkphero] 14/12/2016 13:12

It's now in everyone's interest to get GKP sold for as much as possible.

The target is £5 billion, which works out at around £25 per share.

[ccr1958] 14/12/2016 13:11

Stu , This was the post that made you chuck your `toys` out arf, no mention of you but if the cap fits arrrrrf !!!! Most of the serial losers on here lost big time trading , hence they are out for good ,no funds to punt any more , hence the constant knocking and blaming of others ,they'll be along in a minute ,full of vitriol !!!

[sportbilly1976] 14/12/2016 13:10

oil-i

A good question. I've fired off an email to IR to see what they come back with on this matter, and also for an acknowledgement or denial of the Sinopec approach/bid

[oil_investor] 14/12/2016 13:03

WildRider7: at the "AGM" (actually I think a Special Meeting, because it did not comply with the UK Corporate Governance Code description of an AGM not least because there was no discussion of or vote upon the Report and Accounts) which was held on the afternoon of 8 December 2016, Jon Ferrier told the meeting that the company was in a closed period, and that he would buy shares in GKP as soon as the company was out of a closed period.

This same comment "the directors will buy shares in GKP, but we cannot do so now because we are in a closed period, but we shall do so as soon as the closed period ends" was also, so I understand, used LAST year at the AGM held in Paris.

Last Thursday afternoon, a shareholder asked Nick Davis the CEO of Memery Crystal who was present, about the reasons for the apparently never-ending closed period which was still in force. If I recall correctly, the reply was described to myself as "a load of waffle".

GKP said in the RNS which was issued at 16:42 yesterday 13 December 2016:

"Gulf Keystone Petroleum Ltd announces that pursuant to the 2016 Gulf Keystone Petroleum Staff Retention Plan (the "SRP"), on 12 December 2016 options over Common Shares were granted to the persons discharging managerial responsibilities ("PDMRs") listed below.

The SRP was approved by Gulf Keystone Petroleum Ltd shareholders at the Company's Annual General Meeting held on 8 December 2016 (the "AGM"). Full details of the SRP were set out in the Company's Notice of Annual General Meeting (available on the Company's website

The following directors and PDMRs have been granted an award of options under the SRP:"

Now when you look at the details of the SRP (which I have copied above in an earlier post, for information) one sees that SRP options CANNOT BE AWARDED DURING A CLOSED PERIOD. But according to yesterday's RNS, these options were awarded on 12 December 2016.

It therefore follows that GKP were in a closed period on the afternoon of 8 December 2016 (Jon Ferrier having said so) but they were not in a closed period on 12 December 2016. Because otherwise the SRP options would be invalid (though I guess that could in fact be the case, if the closed period had not actually ended).

So three obvious questions now arise:

1. why were those attending the meeting last Thursday afternoon NOT told that the closed period was about to end?

2. what important unannounced information did the GKP board possess during last Thursday afternoon which put them into a closed period, when there has been no release of information by the company between then date and 12 December 2016 which would explain why the company had been in a closed period?

3. in the case of the (admitted) closed period having (for the sake of argument) ended at some point between Thursday afternoon and Monday (when the options were awarded) has Jon Ferrier bought shares in the company AS HE SAID LAST THURSDAY AFTERNOON HE WAS GOING TO? If so: where is the RNS announcing that purchase?

And I note that on Monday evening (UK time) there was relatively heavy buying of GKP stock in New York (on the "pinks") with a marked increase in the share price, followed a few hours later by the report on Bloomberg that Sinopec had approached GKP. With a GKP person not commenting upon that. And still no announcement from the company about the Bloomberg piece, which has clearly moved the share upwards.

Just a mull over a glass of Jumilla.

EDIT: or is that a mill over a glass of Jumulla?

[ny boy] 14/12/2016 12:58

Ignore the noise, this will break out soon, way too cheap, look for 200p+ by Q1-2017

[shaftdrive1] 14/12/2016 12:53

why not ask them (gkp)..oh,it's lunch/secretary is taking a dump/on leave/pr are on extended waffle,sorry,christmas break...er....er,close(d) period,pr on period,fezza is having a trim....take your pick..gkp,masters on the dark arts of being opaque.

[1712notout] 14/12/2016 12:50

Huge buy
And
Most important
Hold
All the best
😇😇😇😇8640;🚀Ԇ40;🚀☃☃☃☃☃🐩8041;🐩Ԁ41;🐩🐖;🐖🐖🐖😊
28522;😊

[2jester] 14/12/2016 12:45

Print that another dozen times and some idiots might fall for it!

Timing is interesting. A handy distraction from GKPs favourite topic.


Bonuses for wrecking the company.

[sportbilly1976] 14/12/2016 12:45

From post #529663

"London — China Petroleum & Chemical Corporation (Sinopec), the world’s biggest refiner, is weighing a takeover of Kurdish oil producer Gulf Keystone Petroleum, people familiar with the matter said.

The state-owned oil giant is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private"


If they have made an offer, it has to be released via rns

If they are considering an offer, then their source is lying

[1712notout] 14/12/2016 12:31

Huge buy
And
Most important
Hold
All the best
😇😇😇😇8640;🚀Ԇ40;🚀☃☃☃☃☃🐩8041;🐩Ԁ41;🐩🐖;🐖🐖🐖😊
28522;😊