Date | Subject | Author | Discuss |
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30/12/2018 17:58 | Xxxxxxhxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14TrevanianPosts: 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 | ![](https://images.advfn.com/static/default-user.png) obesepaddington | |
30/12/2018 17:41 | XLSE trevanianOpinion:No OpinionPrice:179.60Commercialising Oil FieldsToday 15:19I think that we may all benefit from understanding how oil fields are commercialised.Operators cannot submit Field development Plans (FDP) without Production Sharing Contract (PSC) certainty. The PSC sets out the long term obligations, benefits, terms of engagement for all parties to the contract. The FDP has technical aspects and a requirement to submit commercial plans and basis for financing development. It cannot be designed without forward revenue term models agreed in the PSC.We now know that a new FDP was submitted in early October, this is reference minority partner MOL November presentation.MOL are booking new reserves on their existing 20% working interest (WI).GKP must also have suffered no dilution meaning their share of reserves has automatically increased by (80/58) a 38% increase. This does not account for the further 80% share from an upgraded CPR(Competent Persons Report) that will be derived from the new FDP. This exists as MOL is booking 2018 reserves. What the detailed numbers are is impossible to specify,but these increases are in the hundreds of millions of recoverable barrels. It is clear GKP have not released these details to the market .This is a mystery.Why the delay? I could but will not speculate. I will say that GKP has always been a most attractive takeover target since discovery . I cannot find a comparable independent operator on land.The unprecedented technical access given to the Chinese is way beyond what would be commercially acceptable in the industry without advanced contractual agreement and significant associated break fees.Tomorrow is the end of the existing oil sales contract and end of both MOL and GKP financial years.The news moratorium may or may not continue. It clearly cannot continue forever. | ![](https://images.advfn.com/static/default-user.png) obesepaddington | |
30/12/2018 17:32 | hxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14TrevanianPosts: 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 | ![](https://images.advfn.com/static/default-user.png) obesepaddington | |
30/12/2018 17:29 | The thing is Habscam BigDog knew at the time that statement was incorrect but you didn't !
You do know that Burt isn't leaving but he is getting a new job title.
Goat Cam 🐐 Is still very alive and active despite your efforts to silence it.
It's outside the company control. | ![](https://images.advfn.com/static/default-user.png) therectifier1 | |
30/12/2018 16:33 | hxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14LseTrevanianPosts: 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 | ![](https://images.advfn.com/static/default-user.png) obesepaddington | |
30/12/2018 16:21 | It was the statement "these have been put in place" that caused the confusion, but of course the dog knows that.
"Dear -----.
Thank you for registering your interest in Gulf Keystone. We understand that you have been in touch with the Company regarding the use of ESP's at Shaikan.
These have been put in place to counter natural pressure decline and because Shaikan is relatively shallow and normally pressured it doesn't require as much decline as other fields before artificial lift is necessary. Artificial lift in the form of pumps is very common throughout the world." | ![](https://images.advfn.com/static/default-user.png) habshan | |
30/12/2018 15:24 | LSE trevanianOpinion:No OpinionPrice:179.60Commercialising Oil FieldsToday 15:19I think that we may all benefit from understanding how oil fields are commercialised.Operators cannot submit Field development Plans (FDP) without Production Sharing Contract (PSC) certainty. The PSC sets out the long term obligations, benefits, terms of engagement for all parties to the contract. The FDP has technical aspects and a requirement to submit commercial plans and basis for financing development. It cannot be designed without forward revenue term models agreed in the PSC.We now know that a new FDP was submitted in early October, this is reference minority partner MOL November presentation.MOL are booking new reserves on their existing 20% working interest (WI).GKP must also have suffered no dilution meaning their share of reserves has automatically increased by (80/58) a 38% increase. This does not account for the further 80% share from an upgraded CPR(Competent Persons Report) that will be derived from the new FDP. This exists as MOL is booking 2018 reserves. What the detailed numbers are is impossible to specify,but these increases are in the hundreds of millions of recoverable barrels. It is clear GKP have not released these details to the market .This is a mystery.Why the delay? I could but will not speculate. I will say that GKP has always been a most attractive takeover target since discovery . I cannot find a comparable independent operator on land.The unprecedented technical access given to the Chinese is way beyond what would be commercially acceptable in the industry without advanced contractual agreement and significant associated break fees.Tomorrow is the end of the existing oil sales contract and end of both MOL and GKP financial years.The news moratorium may or may not continue. It clearly cannot continue forever. | ![](https://images.advfn.com/static/default-user.png) obesepaddington | |
30/12/2018 15:24 | Does the "chocolate one" not understand who controls all? If they did some mists may clear that are obviously blocking their thought process. | ![](https://images.advfn.com/static/default-user.png) bigdog5 | |
30/12/2018 15:17 | Why does frenchy not post under his more well known guru avatar? Why does he try to rewrite the facts in that the shediak avatar was guilty of trying to mislead the bb by stating the ESP's had back then been installed? I knew different. There was no ambiguity, it was a deliberate attempt to mislead. Yet another topic I knew I was correct about. Perhaps it's why I'm not filtered because the rampers know I've got loads correct over the years and that get's in the way of their BS views.
However, should we be surprised as they are well known for rewriting the history here and altering their "spin" according to what actually transpires? Could they gain a morsel of respect were they too point out the total BS that flows by the minute from the computer of Asher, Obese, Trm, and all of their avatars? Or are we to just accept that rampers will go to any lengths in order to paint a far better view of the history, reality and evidence? | ![](https://images.advfn.com/static/default-user.png) bigdog5 | |
30/12/2018 14:14 | £23.87?hxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14LseTrevanianPosts: 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 | ![](https://images.advfn.com/static/default-user.png) obesepaddington | |