Gulf Keystone Petroleum Share Discussion Threads

[stockport loser] 29/12/2018 20:40

You calling Mikey thick, is akin to Rolf Harris commenting on standards of baby sitting.

[stockport loser] 29/12/2018 20:38

Yep E-Kurd net is the news site all respectable institutions get their info.

[pensioner2] 29/12/2018 19:43

Looking at the content OD, that SOC presentation must be an historical look back on a once-existent oil company. It won't make much sense if they can't reveal all the tricks pulled without any legal come-backs but, if it's all in the public domain by then, it won't matter. And the Q&A could be tricky if it's still STC. All imo.

[bj476] 29/12/2018 16:58

Maybe the sound thing to do, as a Company GKP, is to respond to the ongoing rumours!

After all, these are not just posted on the bbs. They are now in the media network!

Respond!

Simply done, no more excuses of JF doing nothing about the field because of this that or the other. SPEAK MAN, For Goodness sakes!

[nestoframpers] 29/12/2018 15:14

Market is open Mon 31st 8 to 1230.

[obesepaddington] 29/12/2018 15:06

Safe side £30https://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14What actually has happened to GKP?Gulf 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

[pensioner2] 29/12/2018 14:38

OD. If it's still STC they won't be saying much new so if they want to be open and not subject to any legal consequences it will have to have been sold by then. If it isn't then the attendance will be very thin imo.

[therectifier1] 29/12/2018 14:28

Digby,

If you remember they did something similar at the Geological Society same time this year. A massive deal was made about it on the blogs but it all amounted to nothing and Jon didn't speak but Kathy did. Will Stuart be doing all the talking ?

I see it's open to Joe Public if they join.

[officerdigby] 29/12/2018 13:58

Possibly not sold by time this talk comes around - however..
Apparently the current plan is to have done the PSC/FDP by then!


SOC in London
Thursday, 7 February 2019, 6 p.m., London
Shaikan, Stirred

Synopsis
A case history of Gulf Keystone in Kurdistan and the challenges of small independent developing a giant field discovery in a developing country. From the technical uncertainty of a fractured carbonate reservoir through the oil price collapse, ISIS occupation nearby, to the need to financially restructure the company, revision of the field development plan, and restructuring the PSC and commercial arrangements. The road to making the most out of the Shaikan field has not been easy, but the giant has begun to stir.

hxxp://www.scottishoilclub.org.uk/190207.htm

[asherspoodles] 29/12/2018 12:31

Very very interesting


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

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.xxx

[obesepaddington] 29/12/2018 12:31

Safe side £44https://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14What actually has happened to GKP?Gulf 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