Gulf Keystone Petroleum Share Discussion Threads

[1712notout] 27/12/2016 14:28

Yes Oli
Making some money
Is a good idea
Buy
Hold
And see how much it sells for
All the best
⛄️Ϡ4;️⛄5039;⛄️⛄️€640;🚀㉀0;🚀⛄️

[1712notout] 27/12/2016 14:18

Really important IMO is the value placed on future prospectivity
The discohnt rate assumed
The cost of capital to acquirer
And if course is their a true competition
However any which way the current market price
Is a massive discount to trade sale value
But that's been clear since notes placed the absurd EV
Let's see what pans out
Buy
And essential
Hold
All the best
🚀🚀🚀🚀8640;🚀Ԇ40;☝️☝️☝️

[olieslim] 27/12/2016 14:17

Nobody cares about when this 'masterplan' started, what has happened since and now only see upside from here... enough to even turn it into a ramp!?

The way I feel about it is shareholders have deliberately been pushed under a truck and run over.

Instead of cheering about 'the patient' still showing a pulse I'm more interested if that 'masterplan' is the valid/true motive that can explain the 'wipe out'; exactly how have shareholders been led up the gardenpath to come standing on that curbstone, who exactly pushed and who ordered it?

Do 'we' have found out our bondholders now?

etc.

[1712notout] 27/12/2016 14:17

Really important IMO is the value placed on future prospectivity
The discohnt rate assumed
The cost of capital to acquirer
And if course is their a true competition
However any which way the current market price
Is a massive discount to trade sale value
But that's been clear since notes placed the absurd EV
Let's see what pans out
Buy
And essential
Hold
All the best
🚀🚀🚀🚀8640;🚀Ԇ40;☝️☝️☝️

[joseki] 27/12/2016 14:02

:) The answers were in the Muppets Munch

[oilman63] 27/12/2016 13:53

Good Afternoon Joseki 😃

Hope you are enjoying the holidays.

If you read the Wiki leak docs carefully you will see that this is very old news and is one of the many stunts that Cashti has pulled over the last couple of years in an attempt to save his OWN SKIN.

I don't think we are out of the woods yet.

But I'm sure somebody will get a trade out of it.

[1712notout] 27/12/2016 13:28

Poc if you haven't already check out



The attachments show the krg 20% wi for sale at $430 - 600m
Dependant on irr used
Without the updated reserves levels....

So it looks to me that GKP 58%wi is at least 1.5 bn
Nearer 2.5bn or more if on 3p at lower discount rate

Which would be around 8.5p

Huge buy
Huge hold
All the best
🚀🚀🚀🚀8514;😂

[mr roper] 27/12/2016 13:24

Basically the KRG are bust and are now trying to flog the family silver to anyone

[joseki] 27/12/2016 13:19

? In no way does that mean Shaikan or Gulf gets taken over.

What this does mean, is Turkey could get a % of the KRG's share in the PSCs.

The incorrect interpretation, as you fools seem to believe, is that the KRG are marketing the sale of public entities: DNO, Genel, Gulf Keystone.

The interest here is how Baghdad would take it if Turkey were indeed to participate, as they still dispute the oil contracts.

Also it might impede the Kurds in the long-run from declaring independence given Turkey's opposition to this.

The answers were in the Muppets Munch

[nestoframpers] 27/12/2016 13:18

I will be very PO if this desperate looking move by the KRG doesn't flush out a bid from XOM or similar , would they be happy if the Turks got a large % ? the Turks do not have the expertise to be operators .USA have spent $2.5 trillion in Iraq since 03.

[pocopicu] 27/12/2016 12:31

Just what a lot of us genuines have been smart enough and informed enough to know all along. Shaikan is massively undervalued. What a ginormous buy.....luckily those of us who can afford to buy have been buying ;-)Really looking forward to 2017. :-)

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

Gkp life as an independent clearly coming to a conclusion
💲💲💲💲8178;💲ԁ78;💲💲;💲💲💲

[nestoframpers] 27/12/2016 12:04

Might be a ploy to get the IMF to come up with the cash they need ? A lot of Kurds will be very PO about this IMO.

HCL nearly done

[ccr1958] 27/12/2016 11:33

Looks like we gonna have it off at last :))

[nestoframpers] 27/12/2016 11:29

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.

[1712notout] 27/12/2016 10:43

hearts127 Dec '16 - 09:23 - 530787 of 530788 3 0 (Filtered)

joseki27 Dec '16 - 10:28 - 530788 of 530788 0 0 (Filtered)
==========
It's good to have you back
You been missed
😇😇😇😇
Buy
Hold
All the best
⛄️Ϡ4;️⛄5039;⛄️

[joseki] 27/12/2016 10:28

The answers were in the Muppets Munch

[hearts1] 27/12/2016 09:23

Lol, I only posted to bring out the clown , worked straight away.

[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