Gulf Keystone Petroleum Share Discussion Threads

[howard smith] 18/7/2018 21:33

Rorke's Drift from the Zulu wars
Indeed it is

[theshipscook] 18/7/2018 21:21

This is exciting isn't it. Better than May '09

Rawks Drift of share holdings for certain

[oilman63] 18/7/2018 21:19

Thank you Broadford you are a gentleman 😀

[theshipscook] 18/7/2018 21:12

Strap yourselves in. This is going to be a a ride

[broadford bay] 18/7/2018 21:08

Buraimi,

well, that was a surprise - and thank you for a balanced reply.

I too have been in GKP since 2009 but I sold all I had immediately that shocking first Reserves Downgrade was given. I had a lot of shares and I made a lot of money, but I then stayed out of the market until after the debt reschedule and share consolidation, when I bought back in again - albeit with a smaller holding. The uptick is nice to see and feel, and certainly the financial underpinning now seems quite substantial, but I now have a very great mistrust of what is said or claimed. Long periods of silence just accentuate that feeling - in business when you don't hear something for some time, when it all goes quiet, that generally indicates something's going wrong.

I tend now to leave aside the DAESH issues as they have no influence on reservoir, well or PF performance issues.

All companies, as you must know, prefer not to highlight problems - but to cloak them in such reporting formulations that will not come back to bite them; I think GKP is currently in such a damage limitation mode. I don't call it lies, more obfuscation - but the line is rather fine.

The company has said there are no issues and no problems - and to a great extent I believe them BUT (big but) it all depends on how one defines issues & problems.
Loss of flow due to pressure depletion, gas release & consequent energy loss is neither an issue nor a problem - it is a fact of life in reservoir production; likewise the gradual production of formation water.
Lack of clear & simple (and easily digestible) explanation of what is happening, however, CAN turn normal events into issues and problems - and I honestly believe that GKP's pitiful PR machine (perhaps assisted by a somewhat autistic CEO?) is presently causing more problems than it is solving.
I don't want to see RNSs telling me about 1psi drops, but the fall from 40+ to ca 30Mbopd blows out of the water all those claims about no measurable pressure drops that punctuated almost every other sentence.
To my mind too it's no good just pointing at seemingly large and increasing "institutional" (and Nominee!) holdings as these generally have trading strategies in place that mitigate most of the risks - and who knows what frantic trading is going on behind those numbers?.
Of course, the rising share price (more or less riding on the coat-tails of POO) leads many small investors to put technical / production / management performance concerns to one side - but the fact is that production is declining, and that decline (while projected in the annual reports) should really be properly explained. My view is that this explanation will come, as it must, and that many may be surprised & shocked by what they learn - that's my opinion of course.

Re. Experts - I doubt very much the company experts will be allowed anywhere near a microphone (sic); that will be left to the more adroit public speakers.

In closing, I agree - the company is now most certainly based on much more than hype. The information exchange with co-owners, however, is miserable and there remains more than a slight taste of distrust because of that.

PS
Oilman / Tony has suffered a great deal over the years on this particular BB and I think quite unjustly too. A lot of it stems I believe from his being one of the prime movers in removing TK from the board and I'm very happy to take my share of the stick for being part of that team along with nlper, bonobo and ren. I would do the same again tomorrow if I thought it necessary.
For my support of Jeremy Asher too I make no apologies; Jeremy is a fine gentleman and has a great business mind but found no support from Todd and none from Abdullah. His current lack of success in oil exploration elsewhere is no reason to do him down.

Every company needs a Bigdog or a Ren, and I'm more than happy to see his (BD) postings.

[theshipscook] 18/7/2018 21:08

No bids being tabled. Hostile or Otherwise

[howard smith] 18/7/2018 20:34

Excellent post Buraimi, also been here since before the original gusher and not going anywhere and still keep adding when funds allow, this is an elephant field beyond expectations. I am sure this will one day come good as you say, either a major oil company with good dividends or sold to highest bidder for a decent sum either way I have the time to wait and the grand kids to look after.
The likes of these nahsayers who apparently hold millions of shares just makes my resolve even stronger, one day one day!

[therealminotaur] 18/7/2018 20:23

Flint stones we're the flint stones 😎

Tony's had some inside regards someone called Fred .....

He's done the flints tone ref previously

So if a new NED whatever shows Tony can tell everyone he knew first...,

He gets off on that - narcissists do

I've advised him to seek help with that

For his and his family's sake let's hope he does



Of course me I'm a markey mark fan

Whatever..,

Anyway back to making money

If you are invested buy more

If you aren't invested buy

And just hold

Takeover inevitable

Imminent

[oilman63] 18/7/2018 20:20

So what you are saying is it wasn't my fault after all.



In terms of downside, if it hadn't been for ISIS and the oil price collapse the development of the field would be five years ahead of where it is now and we'd be producing vastly more than we are today, I don't see either of those events occurring again any time soon.

[oilman63] 18/7/2018 20:06

I've got quite a few friends that work for some of those companies you mention and in high positions.

Anyone seen Fred ???

[therealminotaur] 18/7/2018 19:17

Well £3 isn't far off IMO

[guypender] 18/7/2018 18:24

Can you sell me some at 2.67p ?

[roverite12] 18/7/2018 18:13

Broadford Bay18 Jul '18 - 17:48 - 568807 of 568816


this is for you:

"Those who cannot remember the past are condemned to repeat it".

Will not works just as well...





----------------




.....and here's one for you Broadfraud ......(and your lowlife chums , Oilman , Dog5hite and Gypo - all small time con artist rampers turned derampers )






Aesop — 'A man is known by the company he keeps'

[therealminotaur] 18/7/2018 18:02

Margic the unusual element here is

Pretty much 95% of shares in issue are now held by instis and funds

Very small trade volumes

Distortion price wise IMO

[margic] 18/7/2018 18:00

A share price equals the amount of shares into the market cap or current valuation.There is no new price or old price. That is a fact. However you choose to study and hone into it. Only 2 denominators to work out a share price. The value and the amount of shares.

[bigdog5] 18/7/2018 17:57

So many posts from the spameister today, isn't that the definition of desperate? Over 600 in a month, all spam. Guinness book awaits?

[therealminotaur] 18/7/2018 17:57

🇺🇸🇺🇸7482;🇸Ӻ82;🇸🇺;🇸🇺🇸🐶
28054;🐶€054;🐶㈅4;

RNS:

US BASED ANALYST BIGDOG SAYS

A BID COULD COME AT ANY MOMENT.....!!!!

DO NOT BE SHORT

FILL YER BOOTS

THE FUNDS ALREADY HAVE


🇨🇳🇨🇳7464;🇳Ӻ64;🇳
China's largest refiner Sinopec is working with advisers and has made an approach to Gulf Keystone, Bloomberg reported, citing sources familiar with the matter.

The company may also attract other bidders, according to Bloomberg.

A spokesman for Gulf Keystone declined to comment, while Sinopec could not be immediately reached for comment.💵
28181;💵€181;💵

[bigdog5] 18/7/2018 17:54

Is it DNO with an even lower offer than their original £1?

[therealminotaur] 18/7/2018 17:50

I agree


0 0 0
HOSTILE incoming

Fill yer boots

My source

Is Nobletrader

100%credible

[broadford bay] 18/7/2018 17:48

NOR,

this is for you:

"Those who cannot remember the past are condemned to repeat it".

Will not works just as well...