Gulf Keystone Petroleum Share Discussion Threads

[gkp_banggone] 06/2/2019 16:28

Welshki Just use filterIt's what it's there for

[gkp_banggone] 06/2/2019 16:21

Well they don't want to have to publish FY resultsreserves etc So its about 11 weeks maximum to get delisted 2-3 weeks lawyers pre Easter for court hearingSo yes sale RNS next 10 days anytimeSale announced before end of next week any dayTakes 7-8 weeks for the friendly agreed sale by scheme of arrangement to become effective - so we looking at scheme announcement anytime in next 10 days or so.Here's an example : 18 July announced Sept 5th effective and delistedRECOMMENDED ACQUISITIONofARM Holdings plcbySoftBank Group Corp.to be effected by means of a Scheme of Arrangement underPart 26 of the Companies Act 2006Scheme of Arrangement becomes effectiveOn 18 July 2016, the boards of directors of ARM Holdings plc (“ARMâ€?) and SoftBank GroupCorp. (“SoftBankâ€?) announced that they had reached agreement on the terms of arecommended all cash offer for the entire issued and to be issued share capital of ARM bySoftBank (the “Acquisitionâ€?) to be effected by means of a scheme of arrangement underPart 26 of the Companies Act 2006 (the “Schemeâ€?).On 1 September 2016, ARM announced that the Court had sanctioned the Scheme at theCourt Hearing held on 1 September 2016.ARM and SoftBank are pleased to announce that, following the delivery of the Court Orderto the Registrar of Companies today 5 September , the Scheme has now become effective in accordancewith its terms and the entire issued and to be issued share capital of ARM is now owned bythe SoftBank Group (or such of its nominee(s) as agreed between SoftBank and ARM).

[mcfly02] 06/2/2019 16:18

Hello David 😃

How's the tunnel working out for you ???

[avidacre] 06/2/2019 16:10

Thanks CNP

[tess_tickle] 06/2/2019 16:05

NEW , WORLD BANK BOSS ,DAVID MALPASS, SIGNALS BLOCK OF CHEAP LOANS TO CHINESE COMPANIES WANTING OIL ASSETS

[avidacre] 06/2/2019 16:03

Re SALE RNS : Do we expect this on 15th. What are your opinions please.

[habshan] 06/2/2019 15:58

The ICG taking control of the Kurdish oil industry is something that Bigdog dreams about.

It'll never happen.

"In addition to the allowing time for governance reform"

The reference to governance reform is about this:-

From 4 weeks ago and nothing to do with the oil industry.

"The KRG had begun a series of reforms that included cleaning up the government payroll, reducing bureaucracy and increasing transparency with the introduction of an e-governance platform, and professionalizing the armed forces. Progress has been stalled, however, as the new government still has not been formed 101 days after the election."

The ICG have given one year to complete those reforms and also said:-

"the one-year time limit ALSO allows the Kurdistan Region to fulfil all its
obligations under its existing oil contracts"

So they have given the KRG a year to fulfill their existing obligations, which are currently preventing the MNR from handing over the full 250kbpd.

Over the next year SOMO will only have control over whatever quantity of oil the MNR can send them.

Once the MNR have ramped it up to 250kbpd then SOMO will have full control over all of that agreed 250kbpd.

There's no mention anywhere of anything more than 250kbpd.

What the Kurds produce in excess of that is their's to sell.

[gkp_banggone] 06/2/2019 15:32

Trevanian lsePosts: 8Opinion: No OpinionPrice: 203.50RE: IF ?Today 10:52The market share price has never borne any real world proportion to the underlying industry value of an 80% working interest and operator-ship in a giant land based field. Ever since the unusual designed financial restructure, the market prices have been, and remain an overwhelming risk to reward opportunity.I and my family have taken this up as best we can.I note the traded volumes have continued to decline over the past few weeks which my broker believes often precedes a corporate transaction .My previous postings outline my personal estimate of industry sale value, and I look forward to soon discovering what the company’s corporate advisers have actually realised.I have arrived in the UK today with colleagues and we will be at Burlington House tomorrow evening.White shirt, no tie, dark blue suit, short grey hair, if any fellow investors attending would like to say hello.xxx

[gkp_banggone] 06/2/2019 15:20

XxxxxxxxxxxðŸ'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

[pensioner2] 06/2/2019 15:16

He just makes it all up, welshki. Nowhere is it said SOMO will take control next year other than in the dog's small brain.

[bigdog5] 06/2/2019 14:57

Oh dear, highlander7 as clueless as ever. Uncertainty never good for the share price

Has Penge HQ gone into meltdown.

[gkp_banggone] 06/2/2019 14:02

XxxxxxXxðŸ'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] 06/2/2019 14:01

XTrevanian reckons around 800m 2P if 2c has moved across on fdp signature.Well at MOL 8 bucks looking £20 plusI expect a far higher $boe given the scale and prospectivity£30-£50Soon find out

[bigdog5] 06/2/2019 13:50

Looks like the latest announcement adds even more uncertainty to the Oil Industry in Koruptistan.

The good part for Erbil is that they've managed to increase their portion of the budget from Baghdad up from the original figure of 11%.

However, Somo will take full control over exports from Koruptistan after the 12 months are up, an arrangement that I've been predicting would happen for years.

The uncertainty is in the "in order to make reforms and revise the structure of its governance, so that another agreement can be made next year,”

Is it likely the PSC's will remain in place untouched or are they to be altered to TSC's. With that massive point hanging over all the oily's in Koruptistan I would suggest no interested party would be interested in buying anyone.

Also that uncertainty could affect JF's "boring oil company" and their plans for spending over the coming months, IMO.

[gkp_banggone] 06/2/2019 12:44

Trevanian reckons around 800m 2P if 2c has moved across on fdp signature.Well at MOL 8 bucks looking £20 plusI expect a far higher $boe given the scale and prospectivity£30-£50Soon find out--------Average deal 2017 at $13.50 boe So agree North of £35

[gkp_banggone] 06/2/2019 12:42

XxðŸ'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

[stockport loser] 06/2/2019 12:41

Give us TrevNor....