Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 23/6/2019 14:11

Failed targets again and the company are forced into desperate measures to try and keep their main shareholders on the share Register. The classic signs of a company's inability to use their funds to grow the business.

With all the targets in retreat there's little reason for the Institutions not to sell shares into the dividend and any buyback.

It's also logical to believe that with the MNR throwing out the FDP submitted in October 2018 that they will need the results from the gas re injection well not due to spud until late this year before any approval. Another 12 months away?

Only one new production well for the remainder of 2019 and the ESP's not planned until late this year numbers will again look rather pathetic 10 years on from ShaiCON 1.

True to form the clueless desperately apply copious amounts of lipstick to the pig.

Are we to believe that the CFO didn't like the sop to the Inst's?

[beernut] 23/6/2019 12:58

PUK to Finalize Candidates for KRG Cabinet Within Days: Leading Member

Basnews English 23/06/2019 - 12:45 Published in Kurdistan
PUK to Finalize Candidates for KRG Cabinet Within Days: Leading Member

Tagged under en
ERBIL — Patriotic Union of Kurdistan (PUK) leadership is set to hold a meeting next week and finalize the list of its candidates for ministerial posts at the next Kurdistan Regional Government (KRG) cabinet, a leading member of the party said.

PM-designate Masrour Barzani visited Sulaymaniyah last Monday where he met with the PUK to urge the party to accelerate the process of nominations so as to lay the ground for establishing the new cabinet.

Mohammed Watman, a member of PUK leadership, told BasNews that his party is likely to hold another meeting with the Kurdistan Democratic Party (KDP) — which leads the government-formation talks, but before that, they will prepare the list of candidates.

Barzani is reportedly planning to submit his cabinet line-up to the parliament for an approval vote before 1st July when parliament’s summer recess begins.

The Change Movement (Gorran), which took the third place after KDP and PUK in the last parliamentary election, is also said to be working on the finalized list of candidates to be submitted within the next few days.

[roverite12] 23/6/2019 11:49

Bigdog5
22 Jun '19 - 20:44 - 587292 of 587306

Highlander7 left this bb out of pure embarrassment



-------------


Dog5hite - I'm still here !

Or do you not still believe that I am Highlander - as you claimed dozens of times ?

LOL

[beernut] 23/6/2019 10:34

Paul again

going to be interesting, market in stock remains hugely illiquid. You'd be mad to sell any with the company an alleged 😊buyer of millions.
Company broker itself said the stock most undervalued on lse when @£2.54.
Personally expect bid/deal RNS soon.

[beernut] 23/6/2019 10:32

Paul on Twitter

Agm votes cast near enough 61%
Near enough the known DECLARED top ten holders in the pic.
39% didn't vote, 5%max retail holdings

So holders of remaining 34% undeclared.

Company Buyback is to force public bid/drive a rebuffed bid higher.
Boom incoming

[stockport loser] 23/6/2019 09:35

Someone on LSE, or as it should be called LSD, said they were looking for sox quid. takeover. One of the rabid pack told him to add a nought.So 0.6p is the target then?

[beernut] 23/6/2019 06:31

Barzani and Erdogan snippet from my yesterdays post fits in with extra oil to Baghdad.
Hope some of its from Shaikan sent by ourselves or whoever takes us over. GLA.
Important paragraphs from my post above.

Noting that the current trade volume between Turkey and Iraq totals at around $13 billion, Barzani underlined that the two leaders also discussed the expansion of trade volume, as well as the necessary steps to achieve this target.

"We have seen that President [Erdogan] is very keen on this issue and expects Iraq to make rapid progress in increasing the trade volume," he said, adding that they are ready "if any steps are needed to increase the volume of trade".

Barzani also stressed on the role of KRG in the oil trade between Turkey and Iraq, saying that they are willing to increase the capacity of the existing pipeline in order to export more oil in the future.

[nestoframpers] 23/6/2019 00:27

Couple of anniversaries

@UpstreamOnline
24 Jun 2009
More
Oil traces in Kurdistan wildcat:
London listed Gulf Keystone Petroleum has detected oil in the Shaikan-1
ex..




Gulf Keystone to drill deepest well in Kurdistan

Article posted by Pipeline Staff. | Sunday, 23 June 2013 01:01


Kurdistan-Gulf Keystone webUK-based Gulf Keystone Petroleum has spudded the first deep well in the Shaikan Block in Kurdistan Region of Iraq as the firm looks to drill deeper on its Shaikan discovery than ever before.

Shaikan-7 is the first deep exploration well in the Shaikan Block. It is located 1 km east of the Shaikan-1 discovery well.

Gulf Keystone said in a statement that it was targeting the mid-to-lower Triassic and potentially Permian horizons, making it the deepest well it would have spud on the Shaikan structure.

"We are about to commence implementation of our field development plan for the Shaikan discovery and start Jurassic production from the newly-constructed Shaikan production facility," said John Gerstenlauer, chief operating officer of Gulf Keystone.

The new well is is being drilled with the Weatherford Rig 319. It is set to take nine months to drill and is targeting a total depth of 4,500 metres.

Gerstenlauer added: “With Shaikan-7, we hope to confirm our expectations of major reservoirs beneath the deepest horizon drilled to date and add to what is already recognised as one of the world's largest onshore conventional oil and gas developments.”

[0ili0] 22/6/2019 23:40

The instis... City thickos. Gotta larf.

[bigdog5] 22/6/2019 23:37

All the hype is unravelling and it won't have escaped the Insti's.

[0ili0] 22/6/2019 22:16

The AGM wasn't what I expected. Apparently you had to hold shares to get, whereas I was long 10k a pip. Still, result was ok and we belted back in the Countach.

[bravedog] 22/6/2019 22:09

@Oilman
Thanks for your reply.
I’ll come back later.

[0ili0] 22/6/2019 22:00

The City throws the ball. Muttley runs.City says sit. Muttley sits.City gives Muttley the cone if shame to wear. Everyone laughs.

[pensioner2] 22/6/2019 21:47

By the way Black rock added another 600,000 recently.do they not use the filter :)????

C_T. Are you saying that Black Rock don't act on Muttley's advice????? He's City-connected, don't you know. No serious professional would ignore such a fount of knowledge and wisdom, would they? Tut, tut. Once we see them dumping we must follow suit. Bit of a conundrum there though. They're still accumulating aren't they? What to do, eh. Heads or tails?

[0ili0] 22/6/2019 21:45

Bigdog - you have mail.;)

[bigdog5] 22/6/2019 20:44

Highlander7 left this bb out of pure embarrassment in getting zero correct about everything. He talks about his experience "in the Industry" however as has been proved over several years it's been of zero value. He understands naff all about Corporate finance and how the City works and yet that doesn't prevent him from posting up how a BoD thinks and acts. How would he know, he's had naff all experience of these matters. He's never been able to link any clues to unfolding or predicted events, has enormous difficulty with joined up thinking and has never understood the realities of the grand picture and where the real control lays.

His posts this afternoon are a pathetic attempt to paint a completely different picture to the one that now faces all shareholders.

[chinese_takeaway] 22/6/2019 19:01

Oh by the way Boc the authority to buy in shares was voted through at 12.73%If you do your sums you'll see why !Boc , they never leave because they paid to trash sentiment .filters there for a reasonIt's very interesting that from having no immediate intention 3 weeks back the company now IMMEDIATELY takes buyback action.It's to drive a bid higher /and/or flush hostile BID.Whichever, you'd need to be brain dead to sell 1By the way Black rock added another 600,000 recently.do they not use the filter :)????

[chinese_takeaway] 22/6/2019 18:52

Boc , they never leave because they paid to trash sentiment .filters there for a reasonIt's very interesting that from having no immediate intention 3 weeks back the company now IMMEDIATELY takes buyback action.It's to drive a bid higher /and/or flush hostile BID.Whichever, you'd need to be brain dead to sell 1By the way Black rock added another 600,000 recently.do they not use the filter :)????

[stockport loser] 22/6/2019 17:42

Who was Highlander on Advfn whos expirience is elf and saftey and ran over to LSE after typogate. Anyone who thinks Carrol has expertise is a fool.

[habshan] 22/6/2019 16:56

surreyscot on LSE - "Many thanks B1 I think you are my only fan ( other than OM63 of course LOL ) .

surreyscot.

I assure you that bucephalus is not the only one across the boards who looks out for and appreciates your posts.

It's good to see input from others like yourself who actually have industry experience and know what they're talking about.

Keep up the good work, it's much appreciated.

And take no notice of the attention seeking idiot Oilman. These days he's just ridiculous.

[beernut] 22/6/2019 14:46

3 Important paragraphs from my post above.

Noting that the current trade volume between Turkey and Iraq totals at around $13 billion, Barzani underlined that the two leaders also discussed the expansion of trade volume, as well as the necessary steps to achieve this target.

"We have seen that President [Erdogan] is very keen on this issue and expects Iraq to make rapid progress in increasing the trade volume," he said, adding that they are ready "if any steps are needed to increase the volume of trade".

Barzani also stressed on the role of KRG in the oil trade between Turkey and Iraq, saying that they are willing to increase the capacity of the existing pipeline in order to export more oil in the future.

[bigdog5] 22/6/2019 14:36

mcFly it ought to now be crystal clear to shareholders that there are major problems with the gas as has been suggested for a very long time.

The MNR threw out the original FDP submitted October 2018 and now the company announces they've had to change a planned Jurassic production well into one that will investigate the feasibility of gas re injection.

That's a loss of 5k a day out of their hyped plans for 55k at the same time the ESP's have again been delayed. No wonder they've had to reduce their production targets.

The fact that the Cfo is on his bike and their hyped plans are a complete mess suggests that the dividend and now a buyback is a desperate reaction to try and keep the Institutions on board. The Institutions must now be aware that this company over promises and always fails to deliver and what they announce can never be believed.
Can we expect them to be following the Cfo out? I think we can.