Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 20/12/2018 09:59

END TO PETRODOLLAR IN SIGHT, TRUMP STEERS FEDERAL RESERVE INTO RETURN OF GOLD BACKED CURRENCY

[tess_tickle] 20/12/2018 09:48

US TROOPS PULL OUT, KURDS LEFT TO FEND FOR THEMSELVES

[tess_tickle] 20/12/2018 09:08

BRENT STRUGGLES TO HOLD $55

[tickler] 20/12/2018 08:49

So is the sale being announced before Christmas? Or in 2 weeks?I am getting bored now.

[gkphero] 20/12/2018 08:39

So £60 per share.....at least.

[gkphero] 20/12/2018 08:38

GKP is worth at least £15 billion though.

[gkphero] 20/12/2018 08:35

£5 billion with the current share issue is around £20 per share.

[gkphero] 20/12/2018 08:34

From LSE -


"Also why is it that all good news that we find from other sources still has no imact on the sp? Chinese report on shaikan basically disagreeing with erce, now MOL presentaion saying shaikan to be self funding this year...and they price barrels at $8.... that pretty much puts us in the 3-5bn range with the old cpr....."

[stockport loser] 19/12/2018 22:32

You can't gave 2c coming in then plus a new CPR, only with a new CPR can contingent move to proven.

[thescaramouche] 19/12/2018 18:42

⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE 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 xx👌

[thescaramouche] 19/12/2018 18:42

🎅🎅


⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE 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 xx👌

[broadford bay] 19/12/2018 18:35

A couple of points I took from the MOL presentation:

"Currently 12 MMboe 2P reserves, INCREMENTAL UPSIDE likely to be booked at the end of 2018, further reserves upside at later stages." (P45 - CAPS are mine)

(Speculation here:
Incremental...+15% or so?
2P reserves increased from 615MMstb to about 707MMstb - less 2018 production of approx. 12MMstb - giving a new revised 2P of approx. 695Mmstb ?)

I found the MOL downstream results really rather significant - their intake slate was ca 85% Heavy Crude (Urals or other) - so their refineries seem to like it.

Also, their refinery margins - even in times of low POO - have been robust; even with Brent at $44/bbl in 2016 they managed a margin of $5.7/bbl and their projection for 2019 - 2023 remains at $4.0 - $5.0/bbl. (P25)
Heavy crude is not worthless - it just needs the right customer with the right kit for processing it.

Their large capital spend seems targeted at increasing yield and moving from fuels to PetChem feedstocks. Production of Heavy Fuel Oil will drop by 20%, probably due to the new IMO rules but they are investing in new cokers to deal with that.

They declare that their E&P Cost Base is fit for crude at $30/bbl; and although the company is not identical (in its cost- or cash-consuming structure) to GKP, we can be sure that the carryover comparison is not a million miles away.

They restate their WI% production entitlement as 20% (P45).

In their Value Framework (P49) they reiterate their Benchmark assumption (NPV/boe) for the Middle East of $8/boe.

And finally, a rather brave assertion that, mid-term, "Shaikan will be entirely self-financing" (P44).

[gkphero] 19/12/2018 16:28

SP rocketing.

[avidacre] 19/12/2018 16:04

Who is Anteleme ?

[obesepaddington] 19/12/2018 15:07

JV partners

[obesepaddington] 19/12/2018 14:48

On the 8th of November MOL held an investor day in London.From page 45 of the Presentation.SHAIKAN; MAJOR INVESTMENT AFTER COMMERCIAL TURNAROUND."JV partners agreed on a staged investment programme to boost output to up to 110mboepd (gross) by 2024, and the revised FDP was submitted to the MNR in early October."Shouldn't be long to wait for news if it was submitted over 2 months ago.hxxps://molgroup.info/images/molgroup/pdf/investor_relations/investor_presentations/Investor_Day_presentation_November_2018.pdf

[obesepaddington] 19/12/2018 14:41

ðŸŽ...ðŸŽ...ðŸŽ...ðŸŽ...â?²ï¸?â?²ï¸?â?²ï¸?SALE 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 xxðŸ'Œ