Gulf Keystone Petroleum Share Discussion Threads

[optimalcapitalstructure] 06/1/2019 19:42

Broadfraud super facile

[optimalcapitalstructure] 06/1/2019 19:41

Bashers running round blogs like crazy

Headcases

On mission
Guffaw

[broadford bay] 06/1/2019 19:41

Still tasteless without mustard...

[stockport loser] 06/1/2019 19:39

Spamming your own spam?A spam sandwich....

[broadford bay] 06/1/2019 18:44

Poodlepoo...

what Scheissdreck you spout...

FCF of $15 per month?

Try $6 or $7...

[nestoframpers] 06/1/2019 18:29

How concerned will the Chinese be in Re to the HCL and Baghdad when they can sell the Shaikan Oil through Iran ( Assuming they will get a DNO type of arrangement).

[roverite12] 06/1/2019 18:06

Bigdog5 6 Jan '19 - 14:00 - 577267 of 577291

I see that there are posters telling lies again about my posting history. Their desperation here knows no bounds. Broadford is correct about this bb.


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LOL

The paid liar and fraudster Dog5hite agrees with his fellow small time con artist , Broadford Bay , that the bulletin board is a waste of space ....but every single day of the year he is here to add to his near 23,000 posts .

....and the pr1ck hasn't been invested here for over two years !

See ya tomorrow , fraudsters

[asherspoodles] 06/1/2019 17:12

They borrowed 525mWith no incomeWith 15m fcf a month they could borrow lots more if they needed it which they don't .....Broadfraud is one of the fraudsters

[pensioner2] 06/1/2019 17:10

Why would they need to increase the cash mountain? They won't want to spend more until the MNR clear the new FDP based on a revised CPR and O&G law being passed. But all of this looks likely to come after the Chinese have struck according to that Dow Jones report in December. Your suggestions of dividends and new bonds look like red-herrings to me BB.
Anyway, dividend paying and issuing new bonds are contradictory statements. Are you just trying to confuse?

[broadford bay] 06/1/2019 16:54

Since it obviously struck a chord with some here, here it is again (my posting from 26th June-2018):

This was my view as per 25th Apr-2018 and posted on triple-I (obviously the 150p mentioned will have to be reset higher):

new Issue on the Way?

Despite the cash coffers looking not to bad at present, there is still a mountain to climb in order to ensure that the asset is properly cared for and further developed.
Any benefits to be gained in the outstanding negotiations with the MNR will have some offsetting or quid pro quo elements: the MNR may also well demand an end to snail's progress and an acceleration of efforts.
I happen to believe that the company will want to show willing and IMO the present cash holding does not provide enough development cushion.
More development capital is required - it doesn't make sense to piddle around at the 55Mbopd level for too long.
An issue of 200M new shares at say 150p would bring in perhaps $270M or $377M after all charges & expenses.
To that could be added the $250M cash that might be in the coffers by July-2018.
The total cash position then would be approx. $627M.
Cancel the outstanding Notes ? would cost say $110M.
Would leave $527M
That might well be enough to fast-track a run up to the new intermediate target of 75Mbopd.
The company, however, has traditionally only issued new shares to institutions and those few with deeper pockets ? presumable because Issue Expenses for a multitude of smaller shareholders would be disproportionately high.
So, the question then, would the company feel enough (or any?) moral obligation or sense of loyalty towards smaller PIs and make a proportion of the New Issue available to existing shareholders via a Rights Issue?
(In view of the last bondholder bloodbath, would it make sense to even think about a new, reduced coupon, bond issue - even if the coupon could be reduced from 10% to say 7%?)
The "Mood Music" would probably have to be turned up a bit louder - perhaps by means of some juicy 2nd Amendment details, perhaps by a revised CPR. A good PR job at the AGM with supportive details of debottlenecking- and Gas Injection projects (as well as an explanation of how the 2 existing PFs can be expanded at no great expense or difficulty) would clear the air too. A period of (relatively) high and stable crude prices helps and positive news from Baghdad and/or pipeline infrastructure details would give even more underpinning.
Perhaps the orchestra has already started playing?

PS: If the new bond issue were to be heavily oversubscribed, the issue amount could simply be increased - alternatively new ordinary stock could be offered to the retail side, keeping smaller investors happy.

Still my view...