Gulf Keystone Petroleum Share Discussion Threads

[dudishes] 10/2/2019 07:41

G'day,

I notice it is getting interesting again. Plenty of dosh banked and pipeline sorted or sorting. Previous figures more or less as expected. Guess the question is:-

How much dosh needed to achieve 55/75/100? The Co. could continue with 30/35, and continue to make a mint, then sell up - actually makes sense to me. Buyout price, maybe £3 if lucky, worth a punt @ £2.


cheers

[nestoframpers] 09/2/2019 21:40

If the KRI and Baghdad were sensible they would not sell yet but wait for POO to get over $150 which will be soon IMO. But this is about politics they want the coffers filling up to spend and get re-elected. I hear on the grape vine that the Chinese were just doing all that DD at Shaikan to help out everyone else.

[frenchybannedme] 09/2/2019 21:10

Well that's OK then.

My 83p Open Offer shares should see a decent return.





Stockport Loser
9 Feb '19 - 17:03 - 579452 of 579457
0 1 0
Looking at the presentation, they are in for the long haul, there's no takeover coming and you shouldn't invest in a company based on there may be a takeover.
Gkp will be round for years.

[gkp_banggone] 09/2/2019 18:51

ðŸ¤-RNS - SOLD BY SCHEME OF ARRANGEMENTBy 8:00am Tuesday 19th FebruaryðŸ'ŒYOU CAN TAKE THAT TO THE BANK 😊ðŸ'–AND YOU ARE VERY WELCOME ðŸ'–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'–ðŸ'–ðŸ'œThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–ðŸ'–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.🎈xxxc

[nestoframpers] 09/2/2019 17:49

An unbeliever , we get the message ( a bit boring now )

[stockport loser] 09/2/2019 17:49

And 85% of the company was taken away from shareholder value.So 58%, minus the 40% profit theft and minus the 85% share theft.So 35kbopd gross, 58% at 23.3k bopd, take 40 profit nets 12.7k bopd take off 85% that the iis took, leaves legacy shareholders with about 2k bopd at moment with of course it sold at a high discount to Brent.Restructure was a wipe out, some just can't accept the cold reality.

[mcfly02] 09/2/2019 17:48

From Oilman63 on LSE

Well hello once again :-)

So this weeks presentation didn't workout the way some had predicted did it.

Why didn't I attend ? Because I already knew it would of been totally pointless and nothing that I didn't already know was going to be released.

I had to laugh at Wildwitches comments about me being scared of some trumped up 70 year old fa-rt :-))

I have been telling you since the Penge crew found that presentation that the Chinese are currently not interested !
To many questions marks hang over GKP at the moment both politically and operationally and I don't see any company in their right mind making any sort of offer that people talk about on here.

It obvious that a small number are desperate to keep this Chinese ramp going but it's Pointless !

I also note that anyone who doesn't agree is immediately attacked including CCC who I currently agree with.

In reply to comments about the CEO and my opinion of him. My opinion hasn't changed much to be honest.
I still think Jon is a decent honest guy but I do think he is swimming around in a tank of sharks that want their pound of bent flesh that he isn't willing to give them. Jon has done things that I have strongly disagreed with and he knows that but I don't think he is crooked in anyway.

If any UK investors want to confront me about my involvement over the years I'm more than happy to make myself available next time I'm in London.

As for the latest presentation I think some here will just rearrange the words so it says what they want it to.

Done on my phone so if I've put a full stop somewhere I shouldn't so what.

[davr0s] 09/2/2019 17:07

But, but, but.... I've sold my house and put it into GKP as posters kept saying its an imminent take over (not really)

[stockport loser] 09/2/2019 17:03

Looking at the presentation, they are in for the long haul, there's no takeover coming and you shouldn't invest in a company based on there may be a takeover.Gkp will be round for years.

[nestoframpers] 09/2/2019 16:41

10 DAYS UNTIL GKPs TAKE OVER ( SOME SAY ).

[gkp_banggone] 09/2/2019 15:54

ðŸ¤-RNS - SOLD BY SCHEME OF ARRANGEMENTBy 8:00am Tuesday 19th FebruaryðŸ'ŒYOU CAN TAKE THAT TO THE BANK 😊ðŸ'–AND YOU ARE VERY WELCOME ðŸ'–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'–ðŸ'–ðŸ'œThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–ðŸ'–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.🎈cc

[bigdog5] 09/2/2019 15:51

Did JF mention how the work over was progressing. Any Issues? Any mentions of Chinese coming? PSC kicked into the long grass. But a ton of hype predicting jam years down the line maybe, possibly. Interesting to note how long now to reach 110k when Kozel paid himself millions on reaching 150k a day by 2014.

[gkp_banggone] 09/2/2019 15:28

ðŸ¤-RNS - SOLD BY SCHEME OF ARRANGEMENTBy 8:00am Tuesday 19th FebruaryðŸ'ŒYOU CAN TAKE THAT TO THE BANK 😊ðŸ'–AND YOU ARE VERY WELCOME ðŸ'–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'–ðŸ'–ðŸ'œThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–ðŸ'–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.🎈

[gkp_banggone] 09/2/2019 09:01

Davros 😂😂😂🕰ï¸?RNS - SOLD BY SCHEME OF ARRANGEMENTBy 8:00am Tuesday 19th FebruaryðŸ'ŒYOU CAN TAKE THAT TO THE BANK 😊ðŸ'–AND YOU ARE VERY WELCOME ðŸ'–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'–ðŸ'–ðŸ'œThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–ðŸ'–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.🎈

[stockport loser] 09/2/2019 09:00

The PSC is not recognised by the ICG, therefore not a sellable asset. Maybe in 5 years time...

[habshan] 09/2/2019 08:54

CNPC.

I look forward to seeing that confirmed in an RNS.

I'm intrigued by Mark Antelme's remark "don't focus on the PSC there's a lot of other stuff going on in the background"

Was he trying to tell us something, and if so, what?

How can we not focus on the basic terms of the contract.

Knowing whether we have 80% or 58% is hardly immaterial.

But I'm with you in that there's sure as hell something going on.

There are just too many things that they can't or don't want to talk about.

[stockport loser] 09/2/2019 07:57

What about the 40% infrastructure taxes that Gkp owe the Krg? When is this going to be paid?