Gulf Keystone Petroleum Share Discussion Threads

[1712notout] 27/12/2016 09:03

7.5%/10% discount basis....

At 10% CPR gives GKP $1.36bn

That's only the initial FDP excluding further clear value

Without prospectivity

So the answer
Buy
And hold
😂😂😂😂8514;😂ԅ14;

All the best 🍾🍾🍾🍾7538;🈲ӻ38;🈲

[hearts1] 27/12/2016 08:54

Well if the MNR are trying to get rid of their stake in SH, it must be a strong sell.

[olieslim] 27/12/2016 08:33

22:13 26/12/2016 Turkey and proposed Shaikan deal.
NRT REVEALS DOCUMENTS SHOWING KRG ATTEMPTS TO SELL OIL FIELDS TO TURKEY 4 hours ago Views 3561 Kurdistan Region?s Minister of Natural Resources, Ashti Hawrami, proposed a project to the Turkish Minister of Energy and Natural Resources regarding selling part of the oil fields? divisions in the Kurdistan Region for $5 billion, according to a secret document leaked by whistle-blower organization Wikileaks. Hawrami put forward a three-part proposal to Turkish minister Berat Albayrak through an email sent on 19 March 2016 to sell part of the oil field shares in the Kurdistan Region to the Turkish government for $5 billion, the Wikileaks? documents, which NRT obtained a copy of, reported. According to the Wikileaks documents, the money that the KRG minister demanded from Turkey would be part of a loan paid to the KRG by the Turkish government. Hawrami highlighted the KRG?s needs for the $5 billion as below: First: $1.150 million loan paid to the KRG by the Turkish government. ?To date, the total amount of the Loan paid to the KRG by Turkish side stands at $1,150m (the payment was made in three installment of $500m, $500m and $150m),? the Wikileaks document stated. Second: $514 million loan from TEC for services to be provided to the Kurdish government. ?In addition to these Loans, now the total amount due to TEC for services provided to the KRG is in access of $514 million, and this amount is rising every month.? Third: $1 billion for payments to Turkish construction and other Turkish contractors to complete the proposed projects. ?The KRG needs immediate funding of around $800m plus a further $1,000m over the next 18 months to pay the contractors to restart and complete these vital projects,? the document added. Fourth: $700 million to pay companies operating in the Chamchemal and KorMor Gas project. ?For various reasons, including the KRG?s financial problems the current Operator of these fields has not been paid by the KRG for its entitled remuneration, which the Operator estimated to be a very large amount ? but withheld from the Operator is around $700m, which needs to be settled soon.? Fifth: Payments of $750 million for implementing the Gas and Oil Pipeline Constructions. ?In order to tie in the new oil discoveries like Shaikan to boost KRG?s oil export and to construct a new strategic gas pipeline to export a 20 to 30 BCM of gas from ChemChemal/KorMor and Miran/BnaBawi projects, the KRG needs to fund the pipeline infrastructure, particularly to enable the gas assets to be developed within the next 2 year,? according to Wikileaks document. ?The total costs of these pipeline is estimated to be around $750m.? Sixth: a payment of $540 million to ?support KRG?s reduced budget shortfalls and to protect the 20% Shaikan Government Interest due to KRG?s non-payments.? The KRG minister also gave three options to the Turkish government to expand its support to the KRG, the Wikileaks report revealed. In the first option, Hawrami stated that the KRG would pay back the loans as the financial capability of the KRG improved, which was stated as possibly beginning in 2019 and ending by 2021. ?Extend the additional Loans of $3,740m to the KRG in the same way as the existing Loans, to be repaid as the financial position of KRG improves.? ?Extend the additional Loans of $3,740m to the KRG provided that the KRG allocates certain identifiable streams of cash flow from an agreed list of Oil and Gas Assets, or even some Oil Cargos in Ceyhan to the Turkish Side to ensure that all the Loans plus agreed interests are repaid, again the time line to be agreed,? the second option stated. Hawrami?s third option was that the Turkish government buys the KRG?s shares in the Kurdistan Region?s oil fields. ?Rather than just being offered the cash flow of the Oil and Gas Assets, the KRG prefers and proposes that the Turkish Side be assigned the long-term working interests and benefits of these assets,? the document said. ?In this case the Turkish Side may benefit more from any upside profitability of these Assets, but the KRG will also offer a guarantee to the Turkish Side against any possibility of underperformance of the Assets.? Hawrami also offered three proposals for his Turkish counterpart regarding the third option referred to in the email. The first proposal stated that the Turkish government buys the shares of TaqTaq, Tawke and Shaikan oil fields from the KRG. ?The KRG proposes the Turkish Side considers converting the current outstanding Loans and the TEC outstanding entitlements to a long-term investment in the TaqTaq, Tawke and Shaikan producing Fields ? The KRG proposes to transfer these assets to the Turkish side on an 8% discount basis.? In the second proposal Hawrami offered the Turkish government the option to buy the KRG?s division in the BnaBawi and Miran projects. ?These two streams of free cash flow are expected to generate $2,705m at 7.5% discount (7.5% interest rate). The KRG proposes to transfer these assets to the Turkish Side on a 10% discount basis.? In the third proposal, the KRG minister offered the Turkish government the option to buy the KRG?s division in the Khurmala oil fields. ?KRG proposes that the Turkish Side considers advancing a further new payment to the KRG, again not as a loan, but against KRG assigning 50% net working interests in the Khurmala Field ? in both the Shallow and the Deep reservoirs. The current operator to retain 30% working interest and the KRG to hold 20% carried interest.? The Wikileaks document reveals the complete amounts, and documents of the KRG?s divisions in the oil fields, and all the ways proposed of selling them to the Turkish government for receiving the $5 billion.

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

So the assets/shares of the companies are deliberately 'worked down' to guarantee upside for the Turks?

[polysale] 27/12/2016 08:22

Documents reveal Iraqi Kurdistan govt attempts to sell oil fields to Turkey

[sidesplitting] 24/12/2016 19:23

Same to you gkp and Merry Christmas.

2017's going to be fun!


#ForSome

and

#NotForSome

:D

[onetomany] 24/12/2016 19:15

I do like a southern comfort santa

[gkpdickhead] 24/12/2016 19:10

Merry Xmas SS bud and all the best for 2017 (-;

[father chrlstmas] 24/12/2016 18:29

Thanks for the update oilman, saved me a trip
I'll cross him off tonight's list.
Anyone want 200 B&H, a bottle of southern comfort
and a small pack of marching powder?

[joseki] 24/12/2016 18:27

The answers were in the Muppets Munch

[owdbuffer] 24/12/2016 13:33

YOU SEE - OWDBUFFER IS STILL UP FOR IT!





MERRY CHRISTMAS

[1712notout] 24/12/2016 13:06

Mentally ill
Or incentivised
Or both
Hence irrelevant
Hence filter
💲💲💲💲8178;💲
All the best
🈲💋🈲💋8640;🚀Ԇ40;

[sidesplitting] 24/12/2016 13:02

hearts: It'll be 2017.....obviously :D

The BoD needed to keep a decent gullible pi % after restructuring to sell it to!


#JonSamiMasterPlan

;)

[hearts1] 24/12/2016 12:57

When's the placing?

[nestoframpers] 24/12/2016 12:54

They are friggin mental Rover .

[roverite12] 24/12/2016 12:52

Sidesplitting - another non holder wasting xmas eve posting on the bulletin board of a share that is worthless and hopeless and in which he is not invested .

Very strange behaviour ....why would anyone want to do it ?

[sidesplitting] 24/12/2016 12:31

Woof!

"And it's obviously 'in play'
Has been since first oil"



But it's just been consolidated by a factor of 100.

Don't think that was part of your 'in play' plan somehow!

Barking!!


:D

#2017?

[1712notout] 24/12/2016 12:27

Well f11 the shares are in 'the right hands now'
The company has been groomed for sale
And it's obviously 'in play'
Has been since first oil
So just how much and when
Let's hope the notes greed to take control is justified in price realised
All those barrels ☃☃☃;☃💋
27538;

[sidesplitting] 24/12/2016 12:12

Well there's clearly a lot that do trust JF and the BoD, but not just them, the KRG too.

The Open Offer, regardless of the Risk Factors, was oversubscribed wasn't it.

The funny thing is when the time comes, should there be no take over, farm in or whatever, and they need to raise more funds, there'll be another and it'll be oversubscribed. The BoD know this!


And it'll be the same people moaning and groaning here all day everyday about JF and Sami that will poop more money in to it.


Tarts the lot of you!


:D

[fairenough11] 24/12/2016 11:46

FFS,haven't you got presents to wrap or something?

Your infatuation is boring at best.

You are a know nothing attention seeker.

Merry xmas to all still holding here,it's been a barsteward of a year that's for sure
BUT.................

IN JF AND HIS CORPORATE GOVERNANCE, WE TRUST.

Karma will surely visit him and his cohorts at some point.

imo.