Gulf Keystone Petroleum Share Discussion Threads

[olieslim] 27/12/2016 19:37

En-/forced investments? The performance dictating the pace/timing/quantity no matter what shape the company is in or what the environment realistically allows for?
Last time I looked the company barely managed. And the current cash position... an ESP and a few biscuits... a guarantee that was 'good till yesterday'

So when y'all finished crying 'bang gone!', ... what must he have been thinking re: 'a guarantee against any possibility of underperformance of the Assets'?

[ariington chetwynd taibot] 27/12/2016 19:25

Does anyone know the INDIAN ROPE TRICK


Jasper?????

[jasperthemonkeygod] 27/12/2016 19:06

maybe it's Carrie Fisher, but dear god, you guys need to get a life

it was a shoot to the moon gamble that didn't pay off

if it was a big wholly unsustainable gamble then tough luck, idiot

if it was more moderate, move on

dear god

[olieslim] 27/12/2016 19:00

Intrigueing:

"(...)KRG will also offer a guarantee to the Turkish Side against any possibility of underperformance of the Assets.(...)".

How's that possible?

P.S. Is it to be sorted by:
- '2nd amendment'
- 'future rights and obligations'

[1712notout] 27/12/2016 18:53

F11
Steady
Next thing you will be suggesting
Gkp is valuable
🚀🚀🚀🚀c24;️⛄️⛄️;⛄️

[oilman63] 27/12/2016 18:06

Joseki

As I said it's very old news.

Yet again coming out of Goran and pushed on the LSE by CJ.

It's such a big deal that there was no mention of it at the Kurd conference in London some 7/8 months later.

but of course it's all got to be kept super secret from the eyes of Baghdad.

[nestoframpers] 27/12/2016 16:40

We just read the date .... 19th March 2016. What a Muppet.

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

thought it was worth posting up the time line of the AB write down and the PUT options going under 0.4% because of that , as if the KRG knew they were selling off a % of Shaikan then then surely GKP would have known ?

(The SA write off was worth 5% of Shaikan or $100 mill remember.)





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

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

[joseki] 27/12/2016 16:30

The answers were in the Muppets Munch

[1712notout] 27/12/2016 16:05

lets see what they can get

Every $1bn = £3.50

I'm hoping £4-£8 with more if a true competition has been taking place

The notes acting together ???? Well they guarantee a purchaser
majority control and no chance of outside interference once they give irrevocabke acceptances

Funny that

Buy
Hold very very tight
Wait
Not long IMO
All the best
🚀🚀🚀⛄ᥧ9;⛄️ 924;️

[joseki] 27/12/2016 16:00

Which PPAP pop artist got all muppety excited about it then?

Hadn't read the date. 🖊🍍🍎🖊

The answers were in the Muppets Munch

[fairenough11] 27/12/2016 15:50

Wikileaks shows Kurdistan oil blocks about to go on sale: parl’t speaker

[pocopicu] 27/12/2016 14:37

Thanks 1712. Oilman says that if you look very carefully, you will see that it is old news. However, most of us didn't have to look all that carefully. We just read the date .... 19th March 2016. What a Muppet.

[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