Gulf Keystone Petroleum Share Discussion Threads

[broadford bay] 19/2/2019 19:34

CCC posted earlier on the other place about the Heavy Crude "Premium§ currently being seen.

I joined in on this, saying:

The premium currently being offered for Heavy Crude, while it should benefit slightly the Kurdish Blend price, does not directly correlate to the price being achieved by the Shaikan contractor group.

Let's assume that the Kurdish Blend is currently about 27°API and S2.5%; that blend incorporates a raft of crudes ranging from near-32 API, down to 17°API (if there is any TaqTaq crude still being exported, or condensate in there, then perhaps ranging down from ca 46°API or so).

SH crude, with its 17°API and S% between 4.5% and 5.5%, will have a lower value than that achieved by the Kurdish blend – and the determination of that $/bbl value is one of the main factors behind the extended negotiations and lack of agreement re. historical sums due to all operator groups (just listen to the recent DNO webcast, where the Chairman reiterates that very same issue, and for the nth time).

Having said that, the differential seems to have reduced – but by what amount and for how long remains unclear. Don’t forget either that the forward financing deal agreed between MNR and the major trading houses is agreed with defined periods and defined $/bbl. The trading houses will be the ones to benefit most from such market gyrations, not the MNR.

If and when a new sales agreement is agreed we may be able to see what any price improvement has become – but the negative, long-term forward financing aspects are not going to vanish overnight.

EDIT: "..defined periods and defined $/bbl discount."

Always here for you!

[bigdog5] 19/2/2019 19:26

I think we can all see why nestofBS is compelled to post up his BS.

nestoframpers
16 Jul '16 - 22:02 - 504053 of 580076
0   0  1

"I can get my ave down to 11p , that isn't low enough to make money here , but at least it will limit losses".

[nestoframpers] 19/2/2019 18:59

wandering aimlessly.

[mcfly02] 19/2/2019 18:56

Just spent a few minutes looking back at some old screenshots and it's very clear what a repulsive character Waterhouse and Hills are closely followed by takeover Paul and HabscamScot John.

At some point I will repost some of posts they put on here themselves just to show how delusional and agenda ridden and extremely jealous they are.

They enrolled people here into brain washing classes without them knowing.

[nestoframpers] 19/2/2019 18:30

Shock and awe it's brewing up.



£74 on the way.

[gkp_banggone] 19/2/2019 18:00

QT - 14 and counting SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[gkp_banggone] 19/2/2019 18:00

Send them an email and ask :)

[davr0s] 19/2/2019 17:58

Has this company not been bought out yet? LoL

[gkp_banggone] 19/2/2019 17:57

XXXT - 14 and counting SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[kiltless hero] 19/2/2019 17:53

Kiltless hero19 Feb '19 - 08:55 - 580016 of 580066 Edit
0 5 0
WHAT TIME IS THE TAKEOVER?

I Predict at least £650

:-p

[gkp_banggone] 19/2/2019 17:46

T - 14 and counting SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[gkp_banggone] 19/2/2019 17:39

Zzzzzzzzzzzzzzz ccZzzz😊 Almost certainly within T - 14 and counting ðŸ¤"SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[tess_tickle] 19/2/2019 17:38

IT WAS SOLD TODAY


SAME AGAIN TOMORROW

[gkp_banggone] 19/2/2019 17:38

XxxxxxXxxxxxZzzz😊 Almost certainly within T - 14 and counting ðŸ¤"SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[gkp_banggone] 19/2/2019 17:30

Zzzzzzzzzzzzzzz xxxzzzzzzzzZzzz😊 Almost certainly within T - 14 and counting ðŸ¤"SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[bigdog5] 19/2/2019 17:27

No takeaway today (was there any doubt) and very unlikely to be so in the near future for several valid reasons. Unless, as has already been stated many times, for a very low amount.

You are welcome.

[gkp_banggone] 19/2/2019 17:17

Zzzz😊 Almost certainly within T - 14 and counting ðŸ¤"SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.zzzzzzzzzzzzzzz

[bigdog5] 19/2/2019 17:16

No words from the Pulpit for a very long time. Could it be that a fake reverend has had a damascene moment and realises he was singing from the wrong song sheet:-)

[bigdog5] 19/2/2019 17:16

I remember the words from a trougher made in court under the Kozel regime.

"There was nothing going on" in response to all of Kozel's BS.

It would seem there's been nothing going on since those words other than the hype from the company and the farcical BS from the fantasists.

[gkp_banggone] 19/2/2019 17:12

Xxxx😊 Almost certainly within T - 14 and counting ðŸ¤"SALE BY SCHEME OF ARRANGEMENT (Feb 19 = 70 days till delist)SO ANNOUNCED *ANY* DAY  BY 8:00 AM MARCH 4 * T-14 DAYS MAXIMUM(*Mar 15 = T - 25 days very  latest a DELIST  SCHEME can become effective )Here's a "Magic Circle" Clifford Chance timeline 69 days depending on Lawyers contingent timing from announcement to scheme publication 0 - 28 days max.I'm estimating 2 weeksðŸ'ŒYOU CAN DEFINITELY TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOMEDon't be mugged outTrev on lse#1 I have had two of my devices prevented from posting comments to this site.#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skÃ¥da given häst i munnen.

[bigdog5] 19/2/2019 17:06

Much poorer nestofBS

nestoframpers - 16 Jul 2016 - 15:32 - 503953 of 503993 -


"I need Mk cap of £2.3 bill to BE , I feel there is no chance of that .