Gulf Keystone Petroleum Share Discussion Threads

[oilman63] 25/6/2018 09:13

Good Morning Mr Dog 😃

Indeed all you have to do is look back into the real history of the MNR owing us money and how they always seem to sidestep their obligation.

It's funny how they owe us millions and yet all that seems to happen is we pay them millions. Why hasn't these millions been just knocked off the bill ???

[football] 25/6/2018 09:13

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[therealminotaur] 25/6/2018 07:15

GOOD MORNING😎8526;😎ԅ26;

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 DEBT/EBITDA 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

[therealminotaur] 25/6/2018 05:45

S😊😊😇😊
27482;🇸482;🇸㇌2;🇸🐶🐶🐶🐶🍺
BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!

[bigdog5] 24/6/2018 22:37

oil_investor are you deliberately being thick? You keep adding in "back costs" which you are assuming will get paid. Other oil companies have seen their debt owed to them renegotiated by the hosts. In other words a vast amount got wiped out. The same is likely to happen here.

Yes debt went "missing" around the time of the licences being handed back. Wtf is the matter with your memory? We've all been over this before.

The reference to 8 years ago was simply a reference to all the irrelevant and pointless rubbish you keep bringing up.

Seek help.

[nestoframpers] 24/6/2018 22:27

Gulf Keystone has previously described Shaikan's full potential production at around 100,000 bpd.

And 400 K a day

Been building that spur for about 2 years now

[s0rayad] 24/6/2018 20:33

Oilman63 24 Jun '18 - 14:16 - 567182

" Remember you said no chance of D for E and how shocked you were when it came out on SkyNews 😱😱😱
But who told you about it before Sky did 😂😂😂 "


Oilman,
Are you just admitting that you knew all along why you campaigned was for the board changes that brought the Debt which led to the restructure?

Are we surprised

[therealminotaur] 24/6/2018 18:31

😊😊😇😊7482;🇸Ӻ82;🇸🇺;🇸🇺🇸
BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!

[guypender] 24/6/2018 18:21

Reckon BigDog has early onset

[oil_investor] 24/6/2018 17:48

Bigdog5: I have given no assurances that any “hosts” will pay up. Gulf Keystone Petroleum and Hungarian National Champion MOL have a Production Sharing Contract with the Ministry of Natural Resources for the Kurdistan Region of Iraq. Have you ever read it? If you have evidence to suggest that it is unenforceable, and that the MNR can simply choose to sell oil produced at Shaikan and not pay GKP and MOL for it, I suggest that you contact the Chairmen of GKP and MOL with your evidence, and post their replies on here.

But as GKP CEO Jon Ferrier told the market in the Regulatory News Service announcement just two days ago - “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”.

Perhaps you can explain what you mean by “Hasn’t debt already been wiped out”. Indeed, if that were the case - which it obviously isn’t - then what you say about “the hosts not paying up” makes no sense.

What you say about “Oilman63̶1; also makes no sense. I reposted his 27 August 2015 post on here, showing that he was optimistic about GKP less than three years ago. But you then made reference to me posting material from eight years ago - eight years ago is 2010. As I correctly said to you, 27 August 2015 is not eight years ago.

By the way, you don’t answer the question about Andonis Lemos, the initial funder of the Pantomime.

[bigdog5] 24/6/2018 17:06

oil_investor, I'm not interested in your point scoring with OM.

The facts are that you keep assuming the hosts will pay up and add their debt into your numbers. Hasn't debt already been wiped out.

However, just have a look at all the debt that the hosts were able to write off when agreements were made with the other oil companies only a few months ago.

I would expect the hosts to do something similar with GKP.

[nestoframpers] 24/6/2018 16:31

Lol , move over Gervais , Oilman is the top comedian.

[therealminotaur] 24/6/2018 14:30

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 14:28

Bob 14:04

Mental case man marker 14:16

See the Psyche

[oilman63] 24/6/2018 14:16

I see the VICTIM is on the attack again 😂😂😂

No matter how many times you attempt to rewrite history to suit yourself your shares are still only worth 2p

Remember you said no chance of D for E and how shocked you were when it came out on SkyNews 😱😱😱

But who told you about it before Sky did 😂😂😂

[oil_investor] 24/6/2018 14:04

Bigdog5: so 27 August 2015 was 8 years ago, was it? I rather think that it wasn’t.

Do you have any explanation for why “Oilman63̶1; was so positive on 27 August 2015 about GKP - and indeed upon the appointment of Nadhim Zahawi MP as GKP’s Chief Strategy Officer?

By the way, do you have a link with Andonis Lemos, family friend of Alexandros Panayides and initial funder of the wretched “wrong in fact, and wrong in law” Pantomime?

Oilman63 - 27 Aug 2015 - 09:24:39 - 441050 of 567181 THE NEW GKP / Drilling for Super Giants (moderated) - GKP

Good morning

It would seem that some here are hard to please. Last week and earlier this week it was doom and gloom and we were heading for the gap at 18p. Some also need reminding that in the last seven days the share price has been down to 20p, as I type this it's currently 30.50p. Just a minor little price rise.

Some people said it was a bad idea to take on Nadhim, funny that the MNR's statement just happens to coincide with the release of our RNS this morning. Some also complained about Shaikhan crude not going in to the export market via the pipe and yet you've just been told that there is 20.000 barrels a day going in to that pipe. You've also been told that the other 20,000 barrels is making its way to market and we're being paid for it and people are quick to forget that last time the oil price dropped the MNR stopped us from selling in to the domestic market. Also people are quick to overlook the reduction in trucking costs. Some people complained about the CPR and there being no upgrade, and yet today Jon drops the significant bombshell of an upgrade being released by end of QTR 3. How many days is that away? And before that it's anticipated that we will get a payment from the KRG.

All in all the outlook for the company according to some is bleak and Jon's new transparency policy mustn't be working but I think it's clear to see that some have the onset of selective blindness. Will the new CPR shock? I think it will. If we do not see a re-rate in the share price by the end of September I'll show my arris in Woolies window.

[therealminotaur] 24/6/2018 13:29

Good morning the Yankee con🐶
BIGDOG IS A THICK YANK. Employed to batter sentiment 24/7 US eastern time😂㈳4;😂
He is constantly here closing in on 22,000 postings because Gulf equity is worth a fortune in a trade sale.
THAT SALE IS IMMINENT.BUY AS MANY AS YOU CAN AS SOON AS YOU CAN ----SENTIMENT BASHERS ARE ACROSS ALL GKP FORUMS - they are A HUGE BUY SIGNAL!!!

[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.