Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 24/6/2018 12:58

I note that oil_investor continues to bang the same drum of believing the hosts will "pay their way" and back costs. Odd that he likes to drag up irrelevant posts from 8 years ago but ignores how the company has been treated by the hosts in the past 8 years. Can he not see that the company exists only to provide a trough?

Could the on going talks be about how much of the hosts debt will be wiped off the books just like at the other oil companies?

Then there's the PSC and how Baghdad will treat it.

[therealminotaur] 24/6/2018 10:49

Nest I agree. .. CC.This is now the endgame

EQUITY is now in the 97% plus in the hands of big boys that will want maximum return.

Hence equity CONCENTRATION PRE THE SALE.FILL YER 👢👢

[nestoframpers] 24/6/2018 10:33

Thanks for the Analysis Bob . I think GKP will be sold before we ever get any of the KRGs 20% CAPEX money back off them . I say this as up till now they have been proper thieves . I guess the delay with the pipeline spur is down to Power trans giving brown envelopes out, we know what the Erdogans are like, they think it's the return of the Ottoman empire.

[therealminotaur] 24/6/2018 10:00

Sami was clear that "AT THE SAME TIME AS FINALISING INVESTMENT PLANS"

Which they just announced

THEY WILL "EVALUATE OPTIONS TO OPTIMISE CAPITAL STRUCTURE FOR THE BENEFIT OF THE COMPANY AND SHAREHOLDERS""

The company is massively skewed TOO MUCH CASH TOO MUCH EQUITY

FAR TOO LITTLE DEBT !!!!!

THE EBITDA/DEBT RATIO IS NEGATIVE!!!! N

PRETTY MUCH UNHEARD OF !!

Expect a special divi or most likely EQUITY FOR NEW DEBT swap

VIA RBL OR NEW BOND Possibly convertible - or note plus warrant issue

=================
analyst posting on Lse

RE: Every 3 days and 2 hours
Based on the cash balance shown for the first 100 days since 31st Dec 2017, GKP banked $430k a day. That’s GBP 1m every 3 days and 2 hours added to the bank balance. To put that into context in the share price, that’s 1 penny of value created every 7 days and 6 hours. As volume picks back up in the back half of the year, cash generation will accelerate. If the OP remains where it is this will nicely accelerate that cash generation.
=======
Its a fruit machine paying out monthly😂

The company is awash with cash ..that's is excess to CapEx needs .. and can borrow cheaply lots lots more.
What are they going to do with it?😳

Optimise balance sheet said FD in annual report=SHARE BUYBACK EQUITY CONCENTRATION ??

The 97% fund and II owners will want to concentrate their profits on the soon to follow inevitable takeover.

THEY CERTAINLY STARTED TALKING TO TRADE BUYERS SINCE THIS



AND THE OIL HASNT GONE ANYWHERE EITHER

[oilman63] 24/6/2018 09:57

The weather is looking great for getting out that Manchester BBQ and cooking some southern fried chicken and watching the football.

I wonder who will win ???

All comes to he who waits 😎⚽A039;😎

[therealminotaur] 24/6/2018 09:56

9:40 bob

9:46 mentally ill man marker posts

Call the psychiatrist Tony

[oilman63] 24/6/2018 09:46

And from past predictions your opinion amounts to zero 🤡

Sorry I forgot.

Good Morning 😃

[oil_investor] 24/6/2018 09:40

therealminotaur: yes, GKP have excess cash. I showed on Friday that the net investment contribution required from GKP for their share of the 2018 programme is covered by the net income due to GKP for April, May, June and July 2018 Shaikan production, once the 25% contingency is stripped out. So the 2018 investment programme does not deplete the current cash balance, which was $222 million on Midsummer’s Night.

Regarding the 2019 investment programme, I showed yesterdsy that Sami Zouari wouldn’t have to dip into the Midsummer Night’s Dream $222 million cash pile or indeed the other monies currently due to GKP from the MNR. It will instead come from income. So as I said - “Lucifer Sam has switched on the Interstellar Overdrive in my opinion...”

In the past, GKP failed to raise money when it could have done so. I always say: cash is king. A recent study showed that 46% of Americans do not have enough money to cover an unexpected $400 expense. The $250 million Notes were issued by the Good Corporate Governance Board, let us not forget that. GKP are now in a very different situation, with the Midsummer Night’s Dream $222 million cash and very substantial further sums due for the Government 20% Participation Option and, going forward, for the $349 million of past recoverable capital spend. That $222 million should continue to trend upwards, as those monies are received. And of course the structure of the PSC means that investment to achieve the 55,000+ bopd production is recoverable anyway going forward.

All kinds of things are possible here, in my opinion.

[25wbh] 24/6/2018 09:31

Morning ccr1958 things looking up here!!

[ccr1958] 24/6/2018 09:10

There is only one thing for it .......more 👢👢👢👢8098;👢Ԁ98;👢👢;👢👢👢 filling !

[therealminotaur] 24/6/2018 09:05

analyst posting on Lse

RE: Every 3 days and 2 hours
Based on the cash balance shown for the first 100 days since 31st Dec 2017, GKP banked $430k a day. That’s GBP 1m every 3 days and 2 hours added to the bank balance. To put that into context in the share price, that’s 1 penny of value created every 7 days and 6 hours. As volume picks back up in the back half of the year, cash generation will accelerate. If the OP remains where it is this will nicely accelerate that cash generation.
=======
Its a fruit machine paying out monthly😂

The company is awash with cash ..that's is excess to CapEx needs .. and can borrow cheaply lots lots more.
What are they going to do with it?😳

Optimise balance sheet said FD in annual report=SHARE BUYBACK EQUITY CONCENTRATION ??

The 97% fund and II owners will want to concentrate their profits on the soon to follow inevitable takeover.

THEY CERTAINLY STARTED TALKING TO TRADE BUYERS SINCE THIS



AND THE OIL HASNT GONE ANYWHERE EITHER

[therealminotaur] 24/6/2018 06:52

GOOD MORNING 😎😎😎😎8526;

Funding!!!!!!! THEY HAVE FAR TOO MUCH EXCESS CASH!!

Gkp borrowed a total of $575m to develop Shaikan With NO INCOME!!!!

It now has MASSIVE free cash INCOME GENERATION.BOND INVESTORS WILL TRAMPLE OVER EACH OTHER TO LEND THEM NEW CASH FOR GROWTH PLANS.
Hence when they said in the annual report - at the SAME TIME AS FINALISING INVESTMENT PLANS THEY WILL, EVALUATE OPTIONS TO OPTIMISE CAPITAL STRUCTURE FOR THE BENEFIT OF THE COMPANY AND SHAREHOLDERS!!!!!

RESERVE BASED LENDING??? ISSUE OF LOW COUPON NOTES????
TO REFINANCE THE 100m at 10% outstanding plus anything else they may need.
??? Special divi? SHARE BUYBACK?? The latter IMO


Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m
SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m EBITDA - THEY ARE A HUGELY CASH GENERATIVE MOOOOOOOO!!! COW!!!

Expect the opposite of the massively dilutive destructure

Expect an equity concentration

💰💰💰💰8176;

Then expect a takeover deal






🚀🚀🚀🚀8640;🚀Ԇ40;🚀

[therealminotaur] 24/6/2018 06:50

GOOD MORNING CJ

THE CHINESE STILL GOT $ 61 on the table??

YOU CROOK

[oliver666] 24/6/2018 00:43

therealminotaur
23 Jun '18 - 18:14 - 567158 of 567163

You are not just thick, you are without any brain matter.

GKP borrowed money to suit the Institutions with no income to repay the loans, knowing full well the KRG MNR had no intention of [paying] from May 2012. The II's and HNWI argued for debt , and no more share issues or placements, and that is where GKP problem comes, , it was unable to service the debt to repay the loans II's and HNWI wanted.

Shaikan can be massive and have 3 times as much recoverable oil as stated , but at the end of the day, those who wanted debt , got the company by default with a D4E swap and those who did not hold bonds were given by the board and its person leading the talks with existing bondholders, and those talks were just to allow some II's and HNWI to get hold of bonds ready fro the D4E.

No comapny can survive to repay debt with no income, no person invests in a company when it as large debts and no way of repaying it.

Simple facts, all legitamte II's prefer share placements and share issues, over debt when there is no income or as been no income and no jursidiction to contract.

You would be well advised to study carefully how DNO shares were moved between various companys to give RAK the 30% and how those holding were not disclosed in accordance with the OSOLO BORS.

Now you have a IOC, GKP? owned in essence MAYBE 90% BY A PONZI SCHEME, AS THAT IS WHAT THE D4E WAS, a transfer of assets by the back door.

Those invested now since the share was re-issued at 1 pence after a consildation, that could have been conducted a year before it was make money, but it still Kurdistan , its still the krooks paradise and leading upto the D4E, it was said by the board the D4E was needed to take it to 55,000 bopd, that did not happen, but ordinary shareholders got churned and burned and that is the nature of Kurdistan since Barzarni got back into power in 2012.

No body disputes the oil is there, they just cant see they are getting rinsed by the KRG.

Before you come back with metrics on WZR, just remind you WZR turned down $1.48 a share when ISIL were in town , and took a back door deal to fill the boards pockets, and KRG. The company was sold for 28 cents , but how many know the facts and how court cases are back in play and will come back to bite

[bigdog5] 23/6/2018 22:33

fujairah
23 Jun '18 - 16:08 - 567155 of 567162


"Both I, the other genuine holders here and some of the finest financial brains on the planet disagree with you Bigdog and have made 160% capital gain over the last 6 months.

Whereas you've made NOTHING".


Bd5, You would be correct if it wasn't for the fact that I sold thousands in the £3 and £2's years ago. How far does the share price have to rise to match that?

"that I'm lost for words".

Bd5, Bearing in mind that you are both ignorant and clueless being lost for words would do us all a favour. See if you can adhere to that statement.

[bigdog5] 23/6/2018 22:24

fujairah
23 Jun '18 - 16:08 - 567155 of 567161

"And your assertion that the plans detailed in the RNS are meaningless and can not be discussed because they might change is frankly so ridiculous even by your standards, that I'm lost for words".


Pardon, wtf are you on about.

[therealminotaur] 23/6/2018 21:17

He is a monumental bell end.
However he is suffering from mental illness so to be fair let's offer him sympathy and pity and hope he gets psyche help.

[nestoframpers] 23/6/2018 21:17

Always good to hear views from Germany .

[therealminotaur] 23/6/2018 18:14

Funding!!! THEY HAVE FAR TOO MUCH EXCESS CASH!!

Gkp borrowed a total of $575m to develop Shaikan With NO INCOME!!!

It now has MASSIVE free cash INCOME GENERATION.BOND INVESTORS WILL TRAMPLE OVER EACH OTHER TO LEND THEM NEW CASH FOR GROWTH PLANS.
Hence when they said in the annual report - at the SAME TIME AS FINALISING INVESTMENT PLANS THEY WILL, EVALUATE OPTIONS TO OPTIMISE CAPITAL STRUCTURE FOR THE BENEFIT OF THE COMPANY AND SHAREHOLDERS!!!

RESERVE BASED LENDING??? ISSUE OF LOW COUPON NOTES???
TO REFINANCE THE 100m at 10% outstanding plus anything else they may need.
??? Special divi? SHARE BUYBACK?? The latter IMO

Nostrum Oil borrowed $400m at 7% earlier this year.$28m per annum to finance $400m
SO JUST AN EXAMPLE OF WHAT THEY COULD DO:
Gulf a far better lending covenant so lesser interest rate IMO!
So why not borrow $600m at 6% raise $600m and BUYBACK HALF THE COMPANY AT SAY 115m shares @ £4 a share? Only cost them $36m a year from their $160 m EBITDA - next year that will be $200m EBITDA - THEY ARE A HUGELY CASH GENERATIVE MOOOOOOOO!!! COW!!!

Expect the opposite of the massively dilutive destructure

Expect an equity concentration



Then expect a takeover deal

[gkphero] 23/6/2018 16:34

We all hold GKP for £60 per share.

This is a very easy hold.

[bigdog5] 23/6/2018 15:55

I believe it proves conclusively that the company is massively over hyped. I don't believe anyone can be confident in what the company announces or anything that comes out of Koruptistan. It's been obvious to me for many years that the company is allowed to exist to provide a trough for those up the food chain and that shareholders have been mislead into believing that the asset is what Kozel and his "mates" bragged about. Imo, any positives are exaggerated and the negatives are disguised or possibly not even mentioned. Massive fall in production is just a lack of maintenance? Yeah right.

Nine years on from shaiCON1 and posters still rely on the numbers from back then none of which have been proved. Three licences gone, three zones aren't drilled to for reasons I've explained that you all refuse to accept. All the company have are the 356m barrels of heavy oil. None of the "alleged" other numbers can be counted as they haven't been proved, aren't drilled to and its not known if they will flow because there's been no long term tests on them. We all know that shaiCON is very complicated and therefore absolutely nothing can be assumed in that oil is there or will flow or is commercial. That's why I believe the share price is false and way too high for what is known. I reckon there will have to be more dilution. DNO offered less than £1ps cash, go figure.