Gulf Keystone Petroleum Share Discussion Threads

[urals] 28/6/2019 11:01

Pensioner, locked away? There is a technique called Accelerated Share Repurchase ASRWhere a company instructs normally its investment bank to buy a large number of shares over a long period, clearly the only way to buy so many without bumping share price Something along those lines I would have thought. It would if it is just waiting TBA mean those left own another half more of the Company than they did before. Atty, Yes my contact has had no claw back this am , and the cents/share identical to yours. IG must be aware the cash/share to be paid from GKPSmall first payment equals precisely $16.6m/229.4m sharesLarger payment equals $33.33m/152.9m sharesSo the company must be aware by time the second payment made 76.5m less shares , which is precisely 1/3rd current issue. They are IMHO going to announce a buyback and retirement of 33.3% shortly!Rather good news for remaining shareholders!!

[gkphero] 28/6/2019 10:48

Right, I'm off for a mid morning roll and wild boar's hoof.
I'll report back on any GKP revelations from the queue.

[gkphero] 28/6/2019 10:47

What about tess?

Can we have a nice post in capital letters please.

Thanks.

[gkphero] 28/6/2019 10:38

kilt please. It's getting lonely on here.

[gkphero] 28/6/2019 10:30

Can we now have a post from kilt?

Thanks.

[gkphero] 28/6/2019 10:28

A 33.3% buyback is a very good result.

Will GKP keep on purchasing to retire?

I think they will and this will squeeze out any potential accumulators and force a bid/bids.

[pensioner2] 28/6/2019 10:13

Which must mean, Urals, that those shares are safely locked away somewhere just waiting to put the transaction through the market. I wonder what the price will be.

[urals] 28/6/2019 09:56

Atty, Yes my contact has had no claw back this am , and the cents/share identical to yours. IG must be aware the cash/share to be paid from GKPSmall first payment equals precisely $16.6m/229.4m sharesLarger payment equals $33.33m/152.9m sharesSo the company must be aware by time the second payment made 76.5m less shares , which is precisely 1/3rd current issue. They are IMHO going to announce a buyback and retirement of 33.3% shortly!Rather good news for remaining shareholders!!

[arcadian] 28/6/2019 09:48

Following approval of the dividend by shareholders at the Company's Annual General Meeting, held on Friday 21 June 2019, the initial one third tranche will be paid on 5 July 2019. The ex-dividend date is 27 June 2019.

[0ili0] 28/6/2019 09:44

Harriet "Harry" Caper don't like no trolls. LOL

[broadford bay] 28/6/2019 09:43

mac,

I see we are (almost) back up to Dec-2016 production levels!

Progress indeed.

And they wonder why the share price isn't heading into orbit...

[habshan] 28/6/2019 09:39

"HabscamScot, you don't need to thank me for providing the Hong Kong link for you."

Oilman.

You were 9 days late. You posted those links on the 23rd whereas they'd been up on U-Tube for the whole world to see since the 14th.

Try to keep up.

Every day our newshound Beernut and others, post up to date information and links that they have ferreted out without expecting brownie points and people on here to personally thank them.

So why do YOU expect to be personally thanked for posting up a piece that had been up on U-Tube for 9 days.

I'll tell you why Oilman, it's because they're mature adults who understand that this board exists for the sharing and pooling of information for the common good.

Whereas you're just an idiot.

[withoutt] 28/6/2019 09:39

AttyG

My SB account with IG showing 2 payments as well.

[0ili0] 28/6/2019 09:34

Spreadbets are for cheapskates using borrowed money.

[attyg] 28/6/2019 09:25

Just to re-iterate.

IG has credited my account with two payments.

One equivalent to $0.2179c per share based on the full issued share capital of 229.43m.

The second payment is $0.0726c per share based upon the issued share capital of 229.43m.

The payments have not been clawed back by IG as an admin error.

The whole dividend of $50m went ex dividend yesterday.
The Board have staggered the payment, but the dividend payment is based upon the share registrar from last week.

Something does not quite add up.

Surely someone else has an IG account and has received the same payments?

[gkphero] 28/6/2019 09:07

It's too early for your kinky Bigdog talk, loser.

At least wait until after Fridays power lunch and ten pints of Kozel. :D

[mcfly02] 28/6/2019 09:06

Good Morning 😃

HabscamScot, you don't need to thank me for providing the Hong Kong link for you.

While you are here could you possibly explain to someone as thick as me why when all the wells that are connected to PF2 they are only capable of producing 13k ???
Is it anything to do with what I told you about 2 years ago ???

Edit: all wells going in to PF2 are all online.

[chinese_takeaway] 28/6/2019 08:46

25% or 33% the higher the better Atty I've looked at your numbers and offer the following explanations:1. IG have mistakenly paid you the whole Div and the first third. A mistake. If so no doubt they will rectify!! 2. The first small payment is correct for the first third, 16.66m/229m currently outstanding. 3. The second larger payment is correct but implies 33.33m/153m Implying 76m shares will be bought back before that's paid out. That's a 33% buyback, which would increase equity concentration 50%If IG don't rectify today , please advise. Then it will be clear that a large buyback is TBC on its way.The dividend declaration RNS was very very unusual, as it used tranche payment, rather than a specific, £?.?? per share will be paid, that would be conventional.

[habshan] 28/6/2019 08:39

From last week's AGM Presentation:-

"Production at c.38,100 bopd prior to PF-1 shutdown."

PF-1 was shut down 18 days ago (10th June) for 15-20 days so should be up and running again about now.

[stockport loser] 28/6/2019 08:38

More like a tea bagger.

[gkphero] 28/6/2019 08:33

SP rocketing.

Get into GKP now for a 40 bagger.

[habshan] 28/6/2019 07:57

"33.3 produced March 32.7 April 35.5 may"

Morning Urals.

When Gabriel Papineau-Legris gave the presentation in Hong Kong on 16th/17th of May he said that the field was producing "over" 36kbpd.

Since then the workover of Shaikan-3 has added another 1.8kbpd.

[urals] 28/6/2019 07:40

Morning Atty I've looked at your numbers and offer the following explanations:1. IG have mistakenly paid you the whole Div and the first third. A mistake. If so no doubt they will rectify!! 2. The first small payment is correct for the first third, 16.66m/229m currently outstanding. 3. The second larger payment is correct but implies 33.33m/153m Implying 76m shares will be bought back before that's paid out. That's a 33% buyback, which would increase equity concentration 50%If IG don't rectify today , please advise. Then it will be clear that a large buyback is TBC on its way.The dividend declaration RNS was very very unusual, as it used tranche payment, rather than a specific, £?.?? per share will be paid, that would be conventional.

[urals] 28/6/2019 07:39

33.3 produced March 32.7 April 35.5 may