Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 24/1/2019 13:57

You see, this is what happens when posters don't take notice of the correct people but prefer to suck up BS from those that fantasise.

willoicc
12 Jul '16 - 08:53 - 501786 of 578441
0   11  1

The bonds are $575 + coupon due - say $600 million / 1.3 = say £460 million.

GKP market cap = £40 bonds £460 = £500 million.

Are the bashers seriously saying GKP is not even worth £500 million.

It would be a very sad day for British justice if the bond-holders were allowed to wipe out equity in a situation of Frustration of Contract due to non payment by our major customer.

[bigdog5] 24/1/2019 13:50

Could the company be having problems with the work over? If that's the case I reckon S5 could give them a bit of trouble:-)

[bigdog5] 24/1/2019 13:46

Do check out the date. Accusing him of being clueless just isn't sufficient.

1712notout
12 Jul '16 - 08:49 - 501781 of 578438
0   4  3

"It's a good job no d for e is actually necessary

As Gkp can more than cover a coupon to extend/refinance existing bonds from their regular and growing monthly receipts

Quality of 'mates' not great round here"

[mcfly02] 24/1/2019 13:44

I have to laugh at Habscam Scot on LSE trying to become an industry professional 😂😂😂

I wonder how much of his pension did he put into this because he certainly seems desperate 🤡

[asherspoodles] 24/1/2019 12:38

No FY report will be required if they delist by 30/4 - if not they HAVE to report.Listing regsNeither party wants that, and dec31 2018 was the perfect completion watershed.So it's very nearly all over ðŸ'ŒðŸŒ‹ðŸ˜ŠFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.xxxxx

[asherspoodles] 24/1/2019 12:37

No FY report will be required if they delist by 30/4 - if not they HAVE to report.Listing regsNeither party wants that, and dec31 2018 was the perfect completion watershed.So it's very nearly all over ðŸ'ŒðŸŒ‹ðŸ˜ŠFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.

[bigdog5] 24/1/2019 12:36

The work over to the first well is taking a very long time. Wasn't it supposed to be quick easy and cheap:-).

[asherspoodles] 24/1/2019 12:20

No FY report will be required if they delist by 30/4 - if not they HAVE to report.Listing regsNeither party wants that, and dec31 2018 was the perfect completion watershed.So it's very nearly all over ðŸ'ŒðŸŒ‹ðŸ˜ŠFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.x

[officerdigby] 24/1/2019 11:56

How much better off is GKP with fully pipelined oil.

Previous 2015/16 (CPR) Cals was $ 14-15.5 Brent discount for the oil and $4-5 transport cost.

2018 sales agreement was $22 Brent discount including transport. So costs gas drifted up.

However anyone know what cost of using pipeline is $1-2 or $3.
Quite significant on 30000 a day.

$2-3m month?

[asherspoodles] 24/1/2019 09:48

XNo FY report will be required if they delist by 30/4 - if not they HAVE to report.Listing regsNeither party wants that, and dec31 2018 was the perfect completion watershed.So it's very nearly all over ðŸ'ŒðŸŒ‹ðŸ˜ŠFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.

[mcfly02] 24/1/2019 09:47

Good Morning 😃

I see nothing changes the share price starts dropping and two people under loads of different names start desperately trying to ramp 😂

I thought the Chinese were buying us at Christmas lol.

9 years of FAILED predictions 🤡

[pensioner2] 23/1/2019 22:29

Where politics are concerned the Iraqi's might have pulled a trick on us, Digby? At least it seems a practical solution by recognising their inherent nature for double-dealing whereas our lot still act as though they have some integrity left when they don't. If only we still had a ducking stool:-):-)

[officerdigby] 23/1/2019 21:47

Everyone gets paid, and just cut out equivalent portion of budget. Perhaps this is the only way they can make it play. Politically?

[officerdigby] 23/1/2019 21:36

Just a guess but the agreement seems to allow reneging on 250000 and