Gulf Keystone Petroleum Share Discussion Threads

[therealminotaur] 22/6/2018 08:13

Nest it will end up getting contr'd against the 100m plus they owe us

[25wbh] 22/6/2018 08:12

Yes ,but looking at this point in time to recover some of mine

[therealminotaur] 22/6/2018 08:08

Production OVER GUIDANCE TO DATE

AWASH WITH CASH

SELF FUNDED TO 55

EASILY

NO WONDER THE BIG BOYS LOADING UP

JOIN THEM

PRE THE INEVITABLE INCOMING TAKEOVER


LATEST FUND HOLDINGS
June 18 UPDATE................THE CLEVER MONEY CONTINUES TO LOAD UP
==============

NEW : SPDR® S&P International Small Cap ETF Added 167,118
NEW : DFA International Vector Equity. Added 129,118
NEW: Principal International SmallCap share price Added 43,187
NEW: DFA World ex US Targeted Val Added 45,616
NEW : iShares MSCI UK Small Cap Added 93,269
==============================

HOLD 3,235,022 BlackRock Smaller Companies Ord RECENTLY ADDED1,346,659

HOLD 590,807 iShares MSCI EAFE Small-Cap RECENTLY ADDED 175,674

HOLD 167,139 CF Miton UK Smaller Companies A AcC NEW FUND BUYER

HOLD 908,318 DFA International Small Company RECENTLY ADDED 101,576

HOLD 238,040 DFA International Core Equity RECENTLY ADDED 84,897

HOLD 76,714 Acadian Global Eq SRI UCITS B EUR Acc RECENTLY ADDED 46,832

HOLD 42,300 CSIF III Wld ex CH SmCp Idx Ble Pnsn NEW FUND BUYER

HOLD 39,332 DFA International Social Cor Eq Instl RECENTLY ADDED 22,834

HOLD 111,007 Dimensional Global Targeted Value SEKInc RECENTLY ADDED 22,465

HOLD 47,364 Dimensional UK Core Equity GBP Acc RECENTLY ADDED 20,878

HOLD 17,982 LVIP Dimensional Intl Core Eq Svc NEW FUND BUYER

HOLD 145,706 Dimensional UK Smlr Coms Acc. RECENTLY ADDED 16,584

HOLD 31,651 International Small Company NAV RECENTLY ADDD 11,750

HOLD 35,662 Dimensional Europe Sm Comp D GBP RECENTLY ADDED 7,879

HOLD 4,060 CSIF World ex CH Small Cap Index Ble NEW FUND

[therealminotaur] 22/6/2018 08:07

Tess

😂😂😂😂8514;😂

[25wbh] 22/6/2018 08:03

Nice surprise here nestoframpers,good start to the day

[tess_tickle] 22/6/2018 08:00

$100 MILLION OF CASH BALANCE WILL NEED TO BE RETAINED IN BANK ACCOUNT TO GUARANTEE NOT DEFAULTING ON BONDS CURRENTLY IN ISSUE



CASH CALL COMING TO SHORE UP EXPENDITURE

[therealminotaur] 22/6/2018 07:57

Good Morning 😎😎😎😎8526;

Production OVER GUIDANCE TO DATE

AWASH WITH CASH

SELF FUNDED TO 55

EASILY

NO WONDER THE BIG BOYS LOADING UP

JOIN THEM

PRE THE INEVITABLE INCOMING TAKEOVER


LATEST FUND HOLDINGS
June 18 UPDATE................THE CLEVER MONEY CONTINUES TO LOAD UP
==============

NEW : SPDR® S&P International Small Cap ETF Added 167,118
NEW : DFA International Vector Equity. Added 129,118
NEW: Principal International SmallCap share price Added 43,187
NEW: DFA World ex US Targeted Val Added 45,616
NEW : iShares MSCI UK Small Cap Added 93,269
==============================

HOLD 3,235,022 BlackRock Smaller Companies Ord RECENTLY ADDED1,346,659

HOLD 590,807 iShares MSCI EAFE Small-Cap RECENTLY ADDED 175,674

HOLD 167,139 CF Miton UK Smaller Companies A AcC NEW FUND BUYER

HOLD 908,318 DFA International Small Company RECENTLY ADDED 101,576

HOLD 238,040 DFA International Core Equity RECENTLY ADDED 84,897

HOLD 76,714 Acadian Global Eq SRI UCITS B EUR Acc RECENTLY ADDED 46,832

HOLD 42,300 CSIF III Wld ex CH SmCp Idx Ble Pnsn NEW FUND BUYER

HOLD 39,332 DFA International Social Cor Eq Instl RECENTLY ADDED 22,834

HOLD 111,007 Dimensional Global Targeted Value SEKInc RECENTLY ADDED 22,465

HOLD 47,364 Dimensional UK Core Equity GBP Acc RECENTLY ADDED 20,878

HOLD 17,982 LVIP Dimensional Intl Core Eq Svc NEW FUND BUYER

HOLD 145,706 Dimensional UK Smlr Coms Acc. RECENTLY ADDED 16,584

HOLD 31,651 International Small Company NAV RECENTLY ADDD 11,750

HOLD 35,662 Dimensional Europe Sm Comp D GBP RECENTLY ADDED 7,879

HOLD 4,060 CSIF World ex CH Small Cap Index Ble NEW FUND

[therealminotaur] 22/6/2018 07:51

Tess is very agitated

[tess_tickle] 22/6/2018 07:42

THIS WILL COST THE CURRENT EQUIVALENT OF ONE YEARS EARNINGS

NOT GOOD


- The remainder of the required capital expenditure which is currently estimated to be between $175 million to $215 million gross (as previously set out in the 2017 Full Year Results) to achieve 55,000 bopd gross production capacity is expected to be part of the 2019 investment plan (which will also include activities related to the further development of the field).

[martym] 22/6/2018 07:33

Will this be + v e in share price will see soon

[tess_tickle] 22/6/2018 07:32

TOLD YOU IT WAS COMING


A major milestone has been achieved with cumulative production from the Shaikan Field reaching 50 million barrels. As a result, in line with the terms of the Shaikan Production Sharing Contract ("Shaikan PSC") and our previous disclosure, a production bonus in the amount of $20 million ($16 million net to GKP) is now payable to the KRG.


WIPES OUT OVER A MONTHS OIL PAYMENT

[krr13] 22/6/2018 07:26

In the words of Stevie Gerrard "Let's Go".

[someuwin] 22/6/2018 07:25

Excellent.

[walval] 22/6/2018 07:20

Not so shabby after all . . .

RNS Number : 2101S

Gulf Keystone Petroleum Ltd.

22 June 2018

22 June 2018

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Operational & Corporate Update

Investment into Shaikan to increase production commences

Gulf Keystone, operator of the Shaikan Field in the Kurdistan Region of Iraq, is pleased to provide an operational and corporate update.

Highlights

-- Agreement with the Kurdistan Regional Government's ("KRG") Ministry of Natural Resources ("MNR") and MOL Hungarian Oil & Gas plc ("MOL") has been reached in relation to the investment plans to increase gross production capacity to 55,000 barrels of oil per day ("bopd") in the next 12 to 18 months.

-- Gulf Keystone has initiated contracting and procurement activities to implement the 2018 approved capital expenditure of approximately $91 million gross ($73 million net to GKP), which includes workovers in existing wells (electric submersible pumps ("ESPs") and tubing replacements), drilling of a new well, facilities improvement and plant debottlenecking.

-- The remainder of the required capital expenditure which is currently estimated to be between $175 million to $215 million gross (as previously set out in the 2017 Full Year Results) to achieve 55,000 bopd gross production capacity is expected to be part of the 2019 investment plan (which will also include activities related to the further development of the field).

-- The Company continues to work on the revised Field Development Plan, which is expected to be submitted to the MNR in Q3 2018. The Company will provide an update on the details of the investment plans for the 75,000 bopd and up to 110,000 bopd phases when finalised.

-- Safety performance remains strong with over 3 million man hours without a lost-time incident achieved since 2015.

-- Plant uptime between 1 January 2018 and 31 May 2018 has been outstanding at over 99%, leading to an average gross production of 32,138 bopd for the period, just above the upper end of our 27,000-32,000 bopd guidance for 2018. Full-year guidance for 2018 remains unchanged.

-- A major milestone has been achieved with cumulative production from the Shaikan Field reaching 50 million barrels. As a result, in line with the terms of the Shaikan Production Sharing Contract ("Shaikan PSC") and our previous disclosure, a production bonus in the amount of $20 million ($16 million net to GKP) is now payable to the KRG.

-- Hook-up of the 400m spur pipeline from Production Facility 2 to the Atrush export line is in its final stage and expected to be operational shortly. This will eliminate trucking requirements for a significant share of Shaikan production which will reduce HSE exposure and is expected to improve netbacks to the Company. Pipeline tie-in of Production Facility 1 will be part of the 2019 investment plan.

-- Payments from the KRG have been received on a regular basis throughout the year. The Company has received gross payments of $136.7 million ($107.3 million net to GKP) year to date.

-- The Company had cash amounting to $222 million as at 21 June 2018.
-- The Company continues its dialogue with the MNR and MOL in order to achieve further contractual and commercial clarity in relation to amendments of the Shaikan PSC which it anticipates being concluded in Q3 2018.

Commenting, Jón Ferrier, CEO, said:

"We are very pleased with the progress we have made in recent months on key commercial and operational matters and are delighted that Gulf Keystone is now back to investment mode, with the objective of achieving 55,000 bopd production capacity in the next 12 to 18 months; an important step towards the development of the full potential of the Shaikan field."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:


Gulf Keystone Petroleum: [phone]
Jón Ferrier, CEO
Sami Zouari, CFO

[from8to800] 22/6/2018 07:05

Market cap: 492m
Cash in the bank: 222m

This is INSANELY undervalued. Onwards & upwards.

[bigdog5] 21/6/2018 21:42

Real quiet here, have the PPF got you all clearing a pathway:-)

[25wbh] 21/6/2018 21:40

Nest,i should have sold at that price also ,wise after the event.

[avidacre] 21/6/2018 18:23

From many previous tweets : Has GKP being sold, or not ?

[nestoframpers] 21/6/2018 18:18

Well thanks 25wbh all I really deserve is a buffoons badge for not selling at 4 quid, my finger hoovered.

Iraqi politics are what is holding GKP up but there are signs of things improving .

The ME with Trump around might change fast , the Iranians have had enough BS from the Mullahs, renewed sanctions will tip the place over the edge.

[25wbh] 21/6/2018 16:55

I tend to follow nestoframpers, down to earth comments