Gulf Keystone Petroleum Share Discussion Threads

[gkphero] 16/2/2017 12:35

It's ok to be Hedged tess as it makes sense, but what is the city going to actually do with GKP's equity?

They can't dump it and no one is interested in Shaikan according to you.


All they can do is sell out at a loss.

[tess_tickle] 16/2/2017 12:03

Hedged. (Rock-Hard Place)

[roverite12] 16/2/2017 12:02

It could alter the VCP tess .

People underestimate the importance of this plan and the extent it could take value away from shareholders .....even the new shareholders .

[roverite12] 16/2/2017 12:00

As for who holds what ; Exxon will end up with Shaikan imo . Harwami has been close to them and the yanks for years . All very depressing .

[gkphero] 16/2/2017 11:58

"Reiterate:

DNO didn't like the commercial outlook and future rights and obligations at the Shaikan field."



Well the city can hold 95% of GKP's worthless equity for the next 20 years then.

[tess_tickle] 16/2/2017 11:55

Replacing Mr Ferrier won't alter the future rights and obligations at the Shaikan field, will it.

[roverite12] 16/2/2017 11:50

Confidence in the KRG is zero .

As is confidence in Ferrier , who is nothing more than a thief IMO .

That's where we are now . That's why the share price is at rock bottom

Ferrier needs to go ......and take his crooked vcp with him . Then we can progress .

[tess_tickle] 16/2/2017 11:40

Reiterate:

DNO didn't like the commercial outlook and future rights and obligations at the Shaikan field.

[fairenough11] 16/2/2017 11:30

In other words,

why is GKP worth less than half of what's been spent on Shaikan,nevermind future truckloads of cash that will be generated?

[fairenough11] 16/2/2017 11:26

roverite,

yes,I understand all that.It all depends who is holding WHAT and for WHO.

But why is 58% WI in such a large/world class Oilfield which can produce 100,000bopd+ for 50/100 years,with $500/$600m to claim back in past costs and with the lowest lifting costs on the planet,currently valued at $291M,with ZERO NET DEBT??x10+ undervalued?

In JF we trust:-)Not.

[gkphero] 16/2/2017 11:23

lol at the city.

[roverite12] 16/2/2017 11:16

fairenough11
16 Feb '17 - 10:34 - 534092 of 534100 2 1
The "fear",though, is that with the Mckcap/SP held at a LAUGHABLE £291M,a deal has been struck and the takeout will be XYZ above average share price over the last ??weeks/months.With $500/$600m to claw back through past capex + owings +BIR cash,any BUYER will be getting Shaikan for free rather than the £10+ a share its really worth and even that is theft on a grand scale when you consider how much the production will generate over 50/100 years.

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

If that's the case , FE11 , what was the point of Ferrier pushing through the VCP (especially his attempt with the original plan which was knocked back ) ?

My opinion , fwiw , is that Ferrier is playing the long game in order to maximise his profit from the VCP . So are the ex bondholders . They didn't come this far to sell at a couple of pence imo

They are all waiting for the political environment to improve (oil price , payments , isis , krg icg relations , krg inter party relations , trump , etc etc)

And in the meantime the campaign to part the lowly PI's from their shares continues ......

[tess_tickle] 16/2/2017 11:11

Ask them to phone us with that offer.

[gkphero] 16/2/2017 11:09

DNO would buy them all today at 81p.

Yet I don't see a sold sign up.

[tess_tickle] 16/2/2017 11:07

Millions to sell, nobody buying.

[gkphero] 16/2/2017 11:07

81p per share is what the city now want according to tess.

DNO would offer this today, yet here we all are still here.

[gkphero] 16/2/2017 11:06

Take the offer now.

[gkphero] 16/2/2017 11:06

Why bother waiting for DNO?

[tess_tickle] 16/2/2017 11:06

Shorts have covered.

[gkphero] 16/2/2017 11:04

DNO are offering less that the conversion price of 87p.

[tess_tickle] 16/2/2017 11:00

Sell 20,000 shares today and the price will drop 3p
sell another 20,000 and it will drop a further 6p
sell a further 20,000 and it will drop a further 12p
and so on.

Better to wait for DNO.