Gulf Keystone Petroleum Share Discussion Threads

[gkp_banggone] 05/2/2019 15:38

How many have they bought in to retire?25% buyin concentrate s profits for remaining holders at t/o +33%30% inc's by 42.8%35% inc's by 53.8%40% inc's by 66.6%I think likely prob 25-30% buyin 33%-42.8%

[gkp_banggone] 05/2/2019 15:23

ðŸ'ŸYou're welcome ðŸ'ŸðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œðŸŽˆðŸŽˆðŸ'œðŸ'šðŸ–¤ðŸ'›ðŸ'šðŸ'™ðŸ–¤ðŸ'›ðŸ'œðŸ'šðŸ'šâ?¤ï¸?🖤🖤The more their proxy has bought in the higher holders profits at t/o:ðŸ'–ðŸ'–No FY report will be required if they DELIST ist by 30/4 - if not they HAVE to report.Listing REGS require that.Sale by Scheme of arrangement takes at least two months to delist them.So it's very nearly all over,SALE RNS IMMINENT :ðŸ'ŸðŸ'ŸPeel Hunt issued a recent note on the company.#Valuation and recommendation. Following the above tweaks to the production profile and capex, we revise our core NAV to 392p from 387p. We continue to conservatively include no value in our target price for the 239MMbbl gross 2C in Shaikan, worth 34-136p/sh risked-unrisked.Gulf Keystone Petroleum continues to stand out as one of our top sector picks and we reiterate Buy.#They are being super CONSERVATIVE 🌋ðŸ'‹!They use 58% WI when we now know it remains 80%.So their core valuation must be revised by this, 38% higher.The do not place any value on 2C, actually 330m at 80% WI, and even at a very modest $ 2.3 boe this adds further £2 plus.They are only using $3.4 boe for 2P when MOL report $8 and Shamaran higher.So low base-case in my assessment is 470m 2p, 330m 2C (which would in my be treated as effectively 2P when new FDP approved)Working on 800m 2P without adding any value for the MOL recently reported upside and using a stil very modest $10 boe provides $ 8bn asset resource value.This is still very modest in that a land based resource of this size would be strongly fought over by IOC.With 229 million shares, using dollar exchange of 1.29, £ 27 per share would be the minimum I would expect the company’s major owners to accept.It would not be a surprise to me if this number doubled.🎈 xxx

[gkp_banggone] 05/2/2019 14:58

£120 squid a big ask!!Lot depends on how many shares proxy bought in to retire £30-£ 80 a sensible range

[mcfly02] 05/2/2019 14:56

I wonder if Paul is reading to much into this Chinese bit with it being the year of the pig 🐷

[gkp_banggone] 05/2/2019 14:38

Success under a scheme of arrangement is typically 100% ownership. A scheme is attractive to a bidder seeking 100% ownership of a target as it delivers an 'all or nothing' outcome â€" if the scheme is approved the bidder has certainty that it will reach 100% ownership of the target.It will be approved as the major participating holders in the restructure will provide 53%+ irrevocables

[gkp_banggone] 05/2/2019 14:28

£32-£120 in my opinion CNPC

[bigdog5] 05/2/2019 14:06

1712out works hard for the money
Very hard for the money
So very hard for the money
But he never gets anything right:-)

[bigdog5] 05/2/2019 14:00

So looking forward to the hype fest. I wonder what the spin will be this time for the suckers to lap up. What a fantastic job the company are doing in achieving shareholder value whilst troughing copiously.

[bigdog5] 05/2/2019 13:53

You can see the difference in the term "imminent". My correct one as opposed to the 31 months and growing from the previously posters already mentioned.

Here to help and you're welcome:-)

[stockport loser] 05/2/2019 13:43

Another winning day for the potless messiah....

[bigdog5] 05/2/2019 13:13

If only the company were able to pump out oil (which they can't) as fast as 1712out posts up pure BS there might a be an interested party willing to farm in, if permitted by the MNR.

However, there's very little chance of a sale or that the MNR will "trade" their percentage of the asset as that would lose them control which has been a key component of their oil industry, imo.

Awaits several filtered nicknames to arrive "imminently":-). Not the imminently that frechyfraud, 1712out and the Penge street gang prophesised about 31 months ago but it's true meaning.