Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 17/12/2018 08:08

SHAIKAN WORKED OVER WITH PRODUCTION LOSSES

[oilinspector] 16/12/2018 22:49

The company isn’t sold to anyone!
It’s just a failed ramp just look at the share price.

[habshan] 16/12/2018 19:22

"interested parties" don't buy company's on snapshot's of assumptions.

Correct Bigdog.

It would be absurd to think that any offer that was based on the numbers in the current CPR would be entertained.

Any company making an offer that was to be taken seriously by GKP, MOL and the KRG will need to reflect the value of the asset, and any CEO who will sign the cheque for the kind of money needed to reflect the value of Shaikan will require a MOUNTAIN of Due Diligence of which the analysis of the 29 cores from wells 1&6 for instance would only represent a small part.

The analysis and Due Diligence required on the asset, along with any potential issues of unitisation, the colossal sum of money involved and so on, negotiations and a final agreement that all parties are happy with takes time and can take years.

After all Bigdog, once the appraisal programme was completed with Shaikan-6 YOU then spent some 3 years bringing your vast experience to bear in analysing the results along with the reservoir performance the politics and everything else before YOU hit the BUY button after deciding that the then current price of £40 per share in today's money was a "great buying oppo".

"For those that it appears to interest as to whether I've been buying GKP, I can confirm I have."
"buying around the 40p mark says to me its a great oppo."

So we just need to continue being patient.

If YOU can spend three years to determine what is a great buying price then so can a CEO planning on spending the billions required to buy the company.

By the way, what return did your expert analysis tell you to expect on your great £40 buying price?

[obesepaddington] 16/12/2018 16:00

GOOD MORNINGSALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY â?²ï¸?Following a very competitive in private auction Gulf Keystone is SOLD to the ChineseGKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdfGULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENTCash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.HOLD AND FILL YOUR BOOTSTHE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.Sinopec IS eyeing a takeover of London-listed Gulf Keystone.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S ?

[obesepaddington] 16/12/2018 15:59

It's only 22,251....😇😭22,251 buy as many as you can posts ðŸ'?ðŸ'?ðŸ'?😊ðŸ¤-#BIGDOG#BUYGKP#USACLOWN22,252What a clown

[bigdog5] 16/12/2018 15:38

It would seem as though a poster ignores the fact that "interested parties" don't buy company's on snapshot's of assumptions.

No correct numbers? The CPR's disagree, 350m "currently" net to the company. Rampers only believe what the company says unless it doesn't suit ramping.

Is that number likely to rise with the next CPR, of course, the company needs to keep all the parties concerned interested. The numbers will be massaged up notwithstanding there's been no new drills for years which you state are required to get higher numbers.

Btw, where is the new CPR and FDP that were announced in amongst all the other hype?

A farm in more likely than a takeaway as I suspect that suits the MNR. Aimo.

[iamcedric] 15/12/2018 12:03

It's only 22,251....😇😭

22,251 buy as many as you can posts 👍👍👍😊9303;

#BIGDOG
#BUYGKP
#USACLOWN

[roverite12] 15/12/2018 11:32

19th January 2018.

"Report summary

The Shaikan oil field is located in the Kurdistan Region of Iraq (KRI), 60 kilometres north of the regional capital, Erbil. Gulf Keystone Petroleum (GKP) discovered the field - one of the largest in Kurdistan with oil-in-place (OIP) estimated at 13.7 billion barrels and 637 mmbbls of oil reserves. The field produces around 35,000 b/d of heavy oil, mostly from the Upper Jurassic."








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




...and that is why we are ALL here - genuine investors and paid fraudsters alike .


The Dog5hite will be clocking in later today to add to his TWENTY THREE THOUSAND posts - ALL of them , every single one , dedicated to that little worthless company in Kurdiland !

[frenchybannedme] 14/12/2018 23:36

Blimey,

I can still see a little dog jumping up and down on the platform barking, barking, barking.


Poor dog.

[habshan] 14/12/2018 17:53

"It's comical to look at their maths and assumptions. I've tried to help them but what can you do if they can't even get the reserves number correct."

There is no "correct" number Bigdog as the figures that have been quoted thus far, are as we all know simply a snapshot based on ultra ultra conservative assumptions and will keep rising over time as more wells are drilled and more is learned about the reservoir.

When the next CPR is released the CURRENT numbers will be rendered obsolete.

However, if you're interested to learn how Wood Mackenzie arrived at their reserves number then you can send off your $4,600 and buy their report.

hxxps://www.woodmac.com/reports/upstream-oil-and-gas-shaikan-9834258

19th January 2018.

"Report summary

The Shaikan oil field is located in the Kurdistan Region of Iraq (KRI), 60 kilometres north of the regional capital, Erbil. Gulf Keystone Petroleum (GKP) discovered the field - one of the largest in Kurdistan with oil-in-place (OIP) estimated at 13.7 billion barrels and 637 mmbbls of oil reserves. The field produces around 35,000 b/d of heavy oil, mostly from the Upper Jurassic."

[nestoframpers] 14/12/2018 16:51

Don't be silly £300 is reasonable.

[zangdook] 14/12/2018 16:32

£60,000 a share looks good to me. A chance to (almost) break even for some of us.

[bigdog5] 14/12/2018 16:22

I see that they're all getting lathered up on johnyzero's only rampers welcome bb.

It's comical to look at their maths and assumptions. I've tried to help them but what can you do if they can't even get the reserves number correct.

[obesepaddington] 14/12/2018 12:36

How much have cnooc paid?My view £15-25 per share If the field has higher recovery as per the Chinese researchThen JB could be correct £60!You are correct.The company has been in an implementation agreement with cnooc for over twelve months.In that time the buyers have concluded a huge technical due diligence exercise.The recent report only a subset.And that is why the company has tread water without expansion.Dec 31 company financial year end.That's completion date.

[bigdog5] 14/12/2018 12:32

An "implementation agreement"!! That's a new one and from a "new poster" with a "famous nickname":-)

Why would the share price increase just because of receiving another payment? Does JF need to hoard it to assist in getting a better sale price.

I bet all those piling in at £3 on the say so of the rampers here are annoyed. But how else are the rampers supposed to get any of their investment back if they don't suck in new investors? Pyramid selling comes to mind.

[winston270] 14/12/2018 11:44

Oilinspector - the price hasn't even reacted to the fact the cash balance increased by +$21.2million on Wednesday either.

[landbricksandoil] 14/12/2018 11:26

You are correct.
The company has been in an implementation agreement with cnooc for over twelve months.
In that time the buyers have concluded a huge technical due diligence exercise.

The recent report only a subset.

And that is why the company has tread water without expansion.

Dec 31 company financial year end.
That's completion date.

[obesepaddington] 14/12/2018 11:14

Hold SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ??Following a very competitive in private auction Gulf Keystone is SOLD to the ChineseGKP THEN  ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017https://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7               Read 7.2GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST  CHINESE PERFORM TECHNICAL DUE DILIGENCE.http://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdfGULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON  DEAL ANNOUNCEMENTCash pile used to settle  proxy'S  BILL FOR SHARES THEY BOUGHT IN.HOLD AND FILL YOUR BOOTSTHE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.Sinopec IS eyeing a takeover of London-listed Gulf Keystone.. according to Bloomberg. That points to Sinopec's urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR.  (BUYING GKP INCREASES THEIR RESERVES HUGELY?)Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don't help its 34 refiners processing over half the oil China consumes!THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S ?

[oilinspector] 14/12/2018 09:24

Looks like the big ramp has failed.
The price only reacts to current news good or bad and the end of the year gets closer.
If you’re in a penalty shootout you wouldn’t want Gulf taking them for you.