Gulf Keystone Petroleum Share Discussion Threads

[therectifier1] 28/12/2018 13:26

I think you will find its TrevPaul because he has lost credibility on Twitter.

[obesepaddington] 28/12/2018 13:13

Couldn't agree more British dogGkp已被中石化æ"¶è´­â?²ï¸?🌋hxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14ðŸ¤-LseTrevanianPosts: 1Opinion: Strong BuyPrice: 174.00What actually has happened to GKPToday 10:39Gulf found a huge land based resource. Argue amongst yourselves quite how big , no matter its massive.A variety of tactics were used to try and circumvent the company's grip on the asset.Directors musical chairs , share manipulation , false court claim, and ultimately the company was completely doomed as a hostile acquirer had gained almost enough stock to vote out the board, and vote through an asset sale of Shaikan to themselves,paying off guaranteed debt holders , but leaving equity and convertible bond holders with nothing.The balance sheet restructure was the only way the company could survive.It had two main functions:1. Destroy the hostile holding to prevent Shaikan being stolen.2. Protect the company ( that meant putting over 50% of the shares into hands that were going to hang on) whilst a true auction of the asset , and sale diligence studies , and contracts were completed.Those processes are complete ( see CNPC subsidiary studies ) and he company will announce sale soon.We may see the PSC etc before but I rather doubt that as the MNR probably do not want these details in the public domain.So I anticipate a sale announcement as the PSC negotiations obviously long finished or the company would not , indeed could not have submitted a new FDP that their partner MOL refer in NOv presentation,without PSC term certainty.The who the buyer is looks clear to be CNPC/CNOC/Sinopes one or all.Chinese government agents all.How much? Order of magnitude north of the market share price for sure.xxx

[bigdog5] 28/12/2018 12:56

And all for free you lucky people. How else would you get to understand the realities:-)

[bantercity] 28/12/2018 12:54

Oh look its bigdog. The guy with no interest in the company but posts negatively about it EVERYday almost as if its a full time job......

[bigdog5] 28/12/2018 12:52

I think the company are extremely brave in stating that S5 will get an ESP. Bearing in mind it's proximity to S6, aka the water well, I reckon they could be in a heap of trouble with that decision. That of course could then have a knock on effect to S10 and S11 the most northerly wells and must also be (as S5 is) on or very close to the boundary of the licence.

That could have a knock on effect to the amount of new wells they would actually require to reach the hyped 55k that they are trying to achieve by the end of 2019.

[ferrierdelivers] 28/12/2018 11:56

hxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14

[oliver666] 28/12/2018 11:55

hxxps://ekurd.net/iraq-tcynical-swindle-2018-11-24

[ferrierdelivers] 28/12/2018 10:53

Lse

Trevanian
Posts: 1
Opinion: Strong Buy
Price: 174.00
What actually has happened to GKPToday 10:39Gulf found a huge land based resource. Argue amongst yourselves quite how big , no matter its massive.
A variety of tactics were used to try and circumvent the company's grip on the asset.
Directors musical chairs , share manipulation , false court claim, and ultimately the company was completely doomed as a hostile acquirer had gained almost enough stock to vote out the board, and vote through an asset sale of Shaikan to themselves,paying off guaranteed debt holders , but leaving equity and convertible bond holders with nothing.

The balance sheet restructure was the only way the company could survive.It had two main functions:

1. Destroy the hostile holding to prevent Shaikan being stolen.
2. Protect the company ( that meant putting over 50% of the shares into hands that were going to hang on) whilst a true auction of the asset , and sale diligence studies , and contracts were completed.

Those processes are complete ( see CNPC subsidiary studies ) and he company will announce sale soon.

We may see the PSC etc before but I rather doubt that as the MNR probably do not want these details in the public domain.

So I anticipate a sale announcement as the PSC negotiations obviously long finished or the company would not , indeed could not have submitted a new FDP that their partner MOL refer in NOv presentation,without PSC term certainty.

The who the buyer is looks clear to be CNPC/CNOC/Sinopes one or all.
Chinese government agents all.

How much? Order of magnitude north of the market share price for sure.

[wisky55] 28/12/2018 10:05

Ferrier used 80% in one of his presentations.....would have to check back which one?

[gkphero] 28/12/2018 10:05

SP rocketing.

GKP is an easy 50 bagger from todays share price

[obesepaddington] 28/12/2018 10:01

On wi of 80% now that MOL confirmed at 20%Looking at 500m plus to GulfProb 6-7002pPlus the rest.... Prospective contingentSO it's several billion obviouslyI'll stick with a conservative £35-45Could go higher obviously

[stockport loser] 28/12/2018 09:59

58% WI unless you can back it up in RNS.

[obesepaddington] 28/12/2018 09:10

I agree likely correct territoryOn wi of 80% now that MOL confirmed at 20%Looking at 500m plus to GulfProb 6-7002pPlus the rest.... Prospective contingentSO it's several billion obviouslyI'll stick with a conservative £35-45

[obesepaddington] 28/12/2018 09:07

The Chinese have allegedly paid $18bn that's £60 a sharePinch of salt I reckon more $8-10bnSoon find out the actual deal numbersHao jiu bu jian 😊GKP via Citigroup proxy have concentrated this by a third.....Hence at £80 a shareSo now it's essentially in the public domain thatCNPC have bought Gulf how much have they paid??With the new PSC granting MOL 20%GKP has 80%That's over 500m 2 p without any upgradesThat's at least £17 per share without the citigroup proxy buyback concentrationSo minimum £25Easily be £50 plus

[henrygondorff] 28/12/2018 09:06

Chinese not interested.

[obesepaddington] 28/12/2018 09:03

The Chinese have allegedly paid $18bn that's £60 a sharePinch of salt I reckon more $8-10bnSoon find out the actual deal numbersHao jiu bu jian 😊GKP via Citigroup proxy have concentrated this by a third.....Hence at £80 a share#GKPSo now it's essentially in the public domain thatCNPC have bought Gulf how much have they paid??With the new PSC granting MOL 20%GKP has 80%That's over 500m 2 p without any upgradesThat's at least £17 per share without the citigroup proxy buyback concentrationSo minimum £25Easily be £50 plus