Gulf Keystone Petroleum Share Discussion Threads

[gkphero] 28/2/2017 09:48

And we'll probably get it too if North Korea, Trump and Putin press big red buttons.

[gkphero] 28/2/2017 09:44

Most human animals are a waste of air.
We need nuclear holocaust imo.

[oil_investor] 28/2/2017 09:36

GKPhero: believe it or not, the market actually gives a negative value to Gulf Keystone Petroleum's 861 million barrels of 2P + 2C Reserves and Resources!

They're "Anti-Barrels", if you like.

Impossible? Not at all. Here's why.

The company (and MOL) invested in the production wells and the surface facilities. That is why the Convertible Bonds and the Notes were issued: to raise that money. But GKP doesn't own those facilities: they pass to the MNR, because the capital cost is repaid to GKP (and MOL). Some of that capital cost should already have been repaid, the amount proper to the MNR's slice of Shaikan. That's part of the arrears. The bulk of it is due to cone from the standard terms of the Kurdistan PSCs, as a cost recovery which is paid monthly from oil sales. Unfortunately the low oil price has hampered that, so at the very time Shaikan came onto Phase Zero production, the payments didn't arrive.

The total amount due to GKP from the above is currently of the order of $500 million to $600 million. Which is well above the Market Capitalisation or the Enterprise Value.

So the 861 million barrels of 2P + 2C Reserves and Resources don't just have nil value assigned to them, they actually have a small negative value. Anti-Barrels.

"It's an oil company, Jon, but not as you know it".

[2jester] 28/2/2017 09:23

DILUTION BY APRIL FOLKS

BE CAREFUL!

[lifeson] 28/2/2017 09:22

Did someone mention Rush ?

[oilman63] 28/2/2017 09:18

👮🏻

[gkphero] 28/2/2017 08:49

Holding for £25 per share here but will take £21.50 if I must.

Thanks.

[j0ck ewing] 28/2/2017 08:44

Suggests a strong buy surely?

[lifeson] 28/2/2017 08:42

Less than £200 spent on GKP so far today in 40 minutes of trading.

[j0ck ewing] 28/2/2017 08:39

U, Gkphero, Dibendra, Bobobobobob, 111notout, notout, Rodinswan and Mikey admin I think.

EDIT: And the fanny in the post above.

[lifeson] 28/2/2017 08:37

. . . and me too fanny :-)

[oilman63] 27/2/2017 23:50

👮🏻

[bigdog5] 27/2/2017 23:24

Could the BH's view 2p as full value? Early repayment of $100m debt, no requirement to put up more funds, 55k a day 2 years away, Time equals risk especially in Kurdistan.

[wildrider7] 27/2/2017 23:23

oops duplicate from the post above

[wildrider7] 27/2/2017 23:22

jozeki
Member since: 05 Jan 2017

by his own admission, not invested in the company, but perfectly justified to tell us what is best for the board

'There's no point emailing the company with all that wool over your eyes lol.'

are you too privy to the the board of GKP?

it really gets better

[nestoframpers] 27/2/2017 23:20

Nigerian Sports News‏ @SportsJournalNG 4h4 hours ago
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[jozeki] 27/2/2017 23:16

Thick as ever ;)

goo.gl/fybzoh

[wildrider7] 27/2/2017 23:09

oilcan lets the dogs out, woof... woof... woof

jozeki
Member since: 05 Jan 2017

an other one for the boiler room

[jozeki] 27/2/2017 23:05

We see Paul still pretending not to be Paul. What shame drives a loser to have so little pride and dignity in their own identity?

Wildrider you claim Bob has never deleted his posts? Lmao, perhaps you missed the momentary post where he overstretched his lies, grade II listed buildings and the property empire.

Then add that to the fibs about his fleet of luxury cars. Isn't he a keeper? A genuine well-meaning chap who's only here to help guide you on your fateful investment in Gulf Keystone.

There's no point emailing the company with all that wool over your eyes lol. You commend your little pastor muppet for his silly "news service", the RNS before the RNS.

What did he post that was so RNS? Not only was his info so immaterial and inaccurate, where was he getting all that low-level info from? And why did it abruptly stop? ;)

[wildrider7] 27/2/2017 22:48

(my replies prefixed with '==>' in line)

Oilman6327 Feb '17 - 19:05 - 534996
Wildrider

Firstly what planet are you on thinking that I will jump to your tune !!!
Dream on woman you are ZERO to me.

==> you were the one accusing, i just hapened to ask you on what grounds you were making these now clearly BASELESS accusations.
so that sorts it, you have nothing zero, niet, rien, and have just proved to every one on here that you are just .... a LIAR.


The BoD are very much aware due to all the emails that your team send in at every opportunity unfortunately for you lot your copy book has been soiled for a very long time.

==> so you are privy to the GKP board's emails, it really gets better! Is that where all the leaks are coming from, I wonder? Anyway I do from time to time try to communicate with the company, taking into account the amount of years i have been invested, the communication is negligible and the answers even more so. But there again what's wrong with sending a mail to a company you are invested in? Because unlike you I happen to be invested.....
The plot thickens

[nestoframpers] 27/2/2017 20:44

mikies chart