Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 23/2/2017 11:57

Another weak one that will lose out imo.

Bitter old man ! Lol . IS NB jealous of his son ? he seemed to get bitter after his sons rise to fame .

[gkphero] 23/2/2017 11:54

"worth reading Zengas's posts"



lol......no comment.

[effiert] 23/2/2017 11:52

GKP fully out now, money gone into ZEN. ZEN directors buying yesterday and taking salary in shares. News next week on workovers.

worth reading Zengas's posts over at ZEN.

[gkphero] 23/2/2017 11:52

Very good news nb.

GKP's oil demands a premium.

[gkphero] 23/2/2017 11:52

nb, Tom's next album title could be "My Bitter Old Man". ;D

[nicebut] 23/2/2017 11:51

You do realise it wasn`t good news this morning, don`t you?

[nicebut] 23/2/2017 11:50

I don`t. I see further downside. Dudishes` short doing ok.

[gkphero] 23/2/2017 11:47

"With a 270p price target Cantor sees some 120% upside to Gulf Keystone’s current price."


Very conservative, but it's a start.

I see some 2000% upside from the current share price

[nicebut] 23/2/2017 11:46

Did the WSJ mention that the Co were seeking and have been seeking for over a year now...`.... further clarity on these points...`??

DNO mentioned it- as I take it, possible reason why they didn`t bid...CF mention it...But O-I doesn`t mention it...Why not. Seems pretty key. Especially as the Co mention it in pretty much every RNS.

Strange indeed.

[gkphero] 23/2/2017 11:32

Gulf Keystone: Cantor Fitzgerald repeats ‘buy’ recommendation amid export changes
Share
10:57 23 Feb 2017
With a 270p price target Cantor sees some 120% upside to Gulf Keystone’s current price.
oil well, dollars
“GKP is now a well-capitalised entity, with sufficient financial resources to grow its production base."
Stockbroker Cantor Fitzgerald has repeated a ‘buy’ recommendation for Gulf Keystone Petroleum Limited (LON:GKP) despite news that changes are being made to the group’s crude export arrangements.

With a 270p price target Cantor sees some 120% upside to Gulf Keystone’s current price.

Crude oil produced at GKP’s Shaikan crude will soon be trucked all the way to Turkey, rather than be transported by pipeline, because the Kurdistan authorities have taken steps to manage the quality of its export oil.

Talks between GKP and the KRG continue regarding commercial and contractual conditions, including key issues such as payment schedules and long term crude marketing arrangements.

Sam Wahab, analyst at Cantor Fitzgerald, highlighted that the new arrangement is expected to be temporary and that GKP won’t be financially disadvantaged by it.

Indeed, the company earlier said that the economic benefit it receives from the KRG will be the same, despite the changes. It highlighted that the authorities intend to take full responsibility, at its own cost, for the extra transport costs.

"This new export route arrangement confirms there is a market for Shaikan crude as a standalone product while also ensuring Gulf Keystone, and our partner MOL, remain financially and commercially neutral under this arrangement,” said chief executive Jón Ferrier.

“We continue an active dialogue with the MNR to achieve satisfactory commercial and contractual clarity around payments and marketing which remain key to achieving production growth and realising full value potential."

As a result, GKP expects it will continue to receive a fixed payment of US$15mln per month from the KRG for crude sales.

In a note, Wahab added: “Following a turbulent period of corporate activity last year, GKP has effectively transformed its balance sheet, shedding debt, diluting equity, and divesting assets.

“The company’s core focus remains on its flagship Shaikan field where payments for its output have been reintroduced in recent months.

“We note that GKP is now a well-capitalised entity, with sufficient financial resources to grow its production base for sale to the export market.”

[tess_tickle] 23/2/2017 11:31

They have got three oilfields back.

Do you think they will stop at that, with the biggest one in their sights.

[tess_tickle] 23/2/2017 11:26

"from the end of February"

So it's been planned and was not due to an unexpected occurrence.

[gkphero] 23/2/2017 11:21

Jon F seems to be doing a good job....err.....wait a minute.

[rjcdc] 23/2/2017 11:19

#horsemeat

I sooo want GKP to do well but I can't help thinking this latest news is just really bad for the company. How can it be seen as positive?

[tess_tickle] 23/2/2017 11:16

On www.alibaba

[gkphero] 23/2/2017 11:13

Where's DNO's revised offer?

[tess_tickle] 23/2/2017 10:57

Crude from Gulf Keystone Petroleum Limited’s (LON:GKP) Shaikan will have to take a longer road to export, the company has revealed, because the oil will no longer be accepted at the Kirkuk-Ceyhan export pipeline, in Fishkhabour. northern Iraq.

www.proactiveinvestors.co.uk/companies/news/173598




So it sounds like the decision was out of their hands.

[nestoframpers] 23/2/2017 10:51

£1.4 bill when we pay NZ the througher £300 k a year for about 20 hrs a month I think it is ! time to send him his P45 .

GKP's 58% gives them around 3 to 4 bill blls reserve's , easy.

[sharesiq88] 23/2/2017 10:47

Reality 1 Team Bob 0 Tess!

[tess_tickle] 23/2/2017 10:45

DNO- first offer $300 shares and cash. approx. £1/sh. equiv.

DNO- second offer meaningfully less, cash only.

[sharesiq88] 23/2/2017 10:43

Bobobobob/fanny sch/not out/dibendra - that would rescue the SIPP at least if you got 6p.

What's with the talking to yourself? Sick of only having gkphero to speak to?

[shediak] 23/2/2017 10:41

Fanny

"good luck you and me"

and also to the hundreds or maybe even thousands, of serious professional people from all over the world who actually own shares in this company, and who read this board but don't post.