Gulf Keystone Petroleum Share Discussion Threads

[roverite12] 23/10/2019 19:27

0ili0
23 Oct '19 - 12:46 - 593080 of 593105

Deep Fried Crispy Spring Rolls £4.20

Mini Vegetable Spring Rolls (V)£4.20

Sesame Prawn on Toast£5.50

Crispy Seaweeds £3.50

Deep Fried King Prawns in Batter with sweet & sour sauce £5.20

Dan-Dan Shanghai Style Noodles £5.50

Roast Duck & Barbecued Pork £8.90

Extremely Bitter Big Dog £0.04




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The Extremely Bitter Big Dog is an absolute bargain at that price - the original cost was over FOUR POUNDS ....

[urals] 23/10/2019 19:03

https://twitter.com/Paul47293202/status/1187066622651109378?s=19

[chinese_takeaway] 23/10/2019 17:55

Cash headroom is now well over $500m, will be spent on concentration of shareholder value at sale obviously. Why use it to grow production when Cnpc etc will be doing that? Bigger the buyin recapitalisation the better obviously. Just whether it's announced pre or contemporaneous with sale. Interesting no RNS associated with sh9 spud and sh 12 presumably now producing on line.no doubt GKP Locked down on news as next will be corporate stuff, only thing any investor interested in tbh, 1.size of off mkt buyin, recapitalisation and 2. Sale price.

[broadford bay] 23/10/2019 17:41

I see the Atrush field has now achieved a daily output of 45Mbopd.

VANCOUVER, Oct. 21, 2019 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (SNM: TSX Venture and Nasdaq First North Growth Market) is pleased to report that the Atrush oil field total production has now reached a daily rate of 45,000 barrels of oil per day ("bopd"). The Company shares in this production with a working interest of 27.6%.

ShaMaran President and Chief Executive Officer Dr. Adel Chaouch said, "This is another important milestone reached on Atrush's upward path to higher production and has been attained ahead of target. The installation and commissioning of the early production facility, on an accelerated basis, at the Chamanke-E drilling location allowed for additional processing capacity to be available ahead of schedule; and bringing online the increased well capacity from the year-to-date well drilling and workover program. We look forward to continuing further upward on this path."

The Company maintains its Atrush average daily production guidance for 2019 of between 30,000 and 35,000 bopd with target exit rate between 45,000 bopd and 50,000 bopd.

The Atrush field is located 85 km northwest of Erbil and is one of the largest new oil developments in the Kurdistan Region of Iraq. The field was first discovered in 2011 and oil production started in July 2017. In its two years of production the Atrush field has produced approximately 17 million barrels of oil that has all been sold to the Kurdistan Regional Government of Iraq at international market prices less a discount based on quality and transportation charges.

[chinese_takeaway] 23/10/2019 16:44

134k was UT

[pensioner2] 23/10/2019 16:40

That 134k will help Voleon. Let's see if they've got enough today to drop from 0.6% or even, possibly, below 0.5%

[urals] 23/10/2019 16:29

Call option granted at RestructuringHeres 65.5% of the Co at $1 a share. Stay invested to prevent hostile attacks whilst we auction and we will buy them back within 3 Yrs for $2.80 or so Lansdowne and Sothic. Might let you keep a few too. Very standard corporate stuff. Obviously.

[howard smith] 23/10/2019 16:25

Who will want to sell a major trunk of shares unless they are sold at exactly the same ludicrous sum any eventual sale brings with such a reduction in overall shares due to the planned buy back?

[chinese_takeaway] 23/10/2019 16:21

Crystal UralsJust to clarify the idiocy on lse regards the current notes.Co now has 100m unsecured notes at 10%.They refinanced with a new issue last July , replaced the 100m notes from restructure, also at 10%The reason to replace was that the older notes had a restrictive covenant that prevented the Co from entering certain m and a transactions.....That covenant needed removing...... So that they could be SOLD.The new notes were oversubscribed and a tap facility exists that the Co can call upon as if and whenever they need too.Might help with a MAJOR OFF MKT BUYBACK pre SALE.

[chinese_takeaway] 23/10/2019 16:20

https://twitter.com/GoodnightCharl1/status/1187025674772590593?s=19

[chinese_takeaway] 23/10/2019 16:19

Within 2 weeks

[stockport loser] 23/10/2019 16:18

Why don't you use one of your multis to post it yourself ?

[m5] 23/10/2019 16:18

So is the consensus a sale is imminent?

[urals] 23/10/2019 16:00

Just to clarify the idiocy on lse regards the current notes.Co now has 100m unsecured notes at 10%.They refinanced with a new issue last July , replaced the 100m notes from restructure, also at 10%The reason to replace was that the older notes had a restrictive covenant that prevented the Co from entering certain m and a transactions.....That covenant needed removing...... So that they could be SOLD.The new notes were oversubscribed and a tap facility exists that the Co can call upon as if and whenever they need too.Might help with a MAJOR OFF MKT BUYBACK pre SALE.

[broadford bay] 23/10/2019 15:13

I posted the following on the Interactive Investor board 3 years ago, in July 2016. I thought some might enjoy reading it once more:

ILS, re yr 09:29
Leaving aside completely any and all Blue Sky considerations of OIP, 2P/3P Reserves, etc, I think it’s quite likely that the value given by the market to the restructured company will continue to have some relevance to its peers also operating in Kstan.

DNO, the very successful developer of Tawke field, is capitalized at NOK 10.07Bn or $1.2Bn.
Genel, operator of Taq Taq, is capitalized at $450M.
It’s difficult to believe, in the aftermath of an `almost default‘, that GKP will be valued by the market at anything like DNO’s MarCap (cashrich company, hi output, similar current declared reserves, better crude quality, better management, cheaper drilling costs, lower overheads, no "taint" to the name, etc.).

Until the company has settled down, shown that output has stabilized or increased, that backpayments have been or are being speedily settled, contractual terms are being adhered to and management is shown to be on top of all issues, I would be tempted to allocate a MarCap at no more than $600M.

If indeed the shares in issue do balloon to ca 21Bn or so (prior to 20:1 or 40:1 consolidation), and the existing Ord Shareholders end up having 4.5% of that (I do question how many will pile in again), then I see roughly 2.2p as being a mediumterm possibility. The release, however, of large amounts of new shares into any market introduces great opportunities for speculative traders and there may be high volatility for quite some time (depends on how/when the consolidation is done and at what ratio).

If the market continues to allocate a poor rating after restructuring (essentially an opinion of how competent the management will be taking the business forward) then the MarCap might struggle to hit even $450M, and consequently the medium term share value might look more like 1.5p.

I'm still looking at the general (revised) business model and the various inputs but without sight of the revised PSC / 2nd Amendment I'm loath to make too many assumptions at the moment.

All in my opinion of course...

[urals] 23/10/2019 15:03

Interesting no RNS associated with sh9 spud and sh 12 presumably now producing on line.no doubt GKP Locked down on news as next will be corporate stuff, only thing any investor interested in tbh, 1.size of off mkt buyin, recapitalisation and 2. Sale price.

[angina] 23/10/2019 14:59

Did ya mean: " The GKP Auction is about to begin" ?

[m5] 23/10/2019 14:57

Oh great!! ;-)

[gkphero] 23/10/2019 14:46

No, it's now £100 per share.

[m5] 23/10/2019 14:18

I hope you are right, is it still £15.00?

[gkphero] 23/10/2019 14:16

Yes m5, but now it's different.

The Peking ducks have lined up.

[m5] 23/10/2019 13:57

Bloody hell GKP, this takeaway must be stone cold now, you were saying that last time I was here, all those years ago!!

[gkphero] 23/10/2019 13:53

Soon be time for Chinese Takeaway.

I love it.