Gulf Keystone Petroleum Share Discussion Threads

[mcfly02] 31/10/2019 20:11

I see the brain washing is still going on the LSE with people talking to themselves using different avatars.

Back in the real world what about the very shallow well known as SH9.

The gas reinjection plant hasn't been built yet and is on hold regardless of MNR approval. So if everything is black and white and they are definitely going to get the results they desperately need why hold off ???

What happens if the well isn't what they desperately need it to be ???

If they go into production at SH9 that will be a very large red flag and it won't get explained to the muppets.

SH9 is the highest part of structure according to a conversation I had with the Ex COO.

There is more than one reason for reinjection.

GoatCam 🐐🎥®

[urals] 31/10/2019 18:58

GKPHero. The Chairman told everyone it's Sold may 23rd.Just TBA and how much.

[bigdog5] 31/10/2019 18:02

That would be Fantasy City?

I see that the Urals clown still believes and desperately hopes there are 30% "missing". They're not.

[gkphero] 31/10/2019 15:54

City whispers confirm that GKP is all but sold.

[urals] 31/10/2019 15:44

Agree, hoping the off mkt buyback incoming comprises the bulk or all of lansdowne and Sothic PLUS 25%or so of the missing 30% from a company proxy holderThat would make the most sense for Capital etc doubling profits at sale.

[chinese_takeaway] 31/10/2019 14:31

Think a scheme far the most likely Urals :sale could be effected by scheme of arrangement or tender offer basis.In my view former most likely BUT if buyer already owns a big lump of the AWOL 30% then the latter. I do think that the board have thrown retail crumbs of info.So if by scheme with Sami Dec 2 the end then RNS tomorrow, Mon, Tues or Wed next week latest. If by tender offer and Nov 1 = D-28 then as late as 29/11. Either way it's sold TBC,and a buyback of at least 50m in mix too.

[pensioner2] 31/10/2019 14:23

Spread 1.2%. Liquidity tight or big order to fill? Who knows but it's normally less than 0.5%. :):)

[bigdog5] 31/10/2019 13:33

"Oap :sale could be effected by scheme of arrangement or tender offer basis.In my view former most likely BUT if buyer already owns a big lump of the AWOL 30% then the latter".

They don't.

"I do think that the board have thrown retail crumbs of info.
So if by scheme with Sami Dec 2 the end then RNS tomorrow, Mon, Tues or Wed next week latest"

They haven't.

"If by tender offer and Nov 1 = D-28 then as late as 29/11. Either way it's sold TBC,and a buyback of at least 50m in mix too".

Zero evidence of this fantasy sale.


How's the perennial Oil law negotiations shaping? All the oil off to Somo?

[0ili0] 31/10/2019 12:26

What on earth are you talking about?! I'm referring to #593458. Dipsticks.

[mcfly02] 31/10/2019 12:21

But David that email was 6 years ago !

Just imagine the things I've been upto in that time while you've been looking elsewhere.

When I said you are a little insignificant man I really mean it 🤡

GoatCam 🐐🎥®

[0ili0] 31/10/2019 12:04

Sarah Oilman, so you reject the law? Blimey! You sound like criminals. Hang on a mo'... lol

[urals] 31/10/2019 11:51

Oap :sale could be effected by scheme of arrangement or tender offer basis.In my view former most likely BUT if buyer already owns a big lump of the AWOL 30% then the latter. I do think that the board have thrown retail crumbs of info.So if by scheme with Sami Dec 2 the end then RNS tomorrow, Mon, Tues or Wed next week latest. If by tender offer and Nov 1 = D-28 then as late as 29/11. Either way it's sold TBC,and a buyback of at least 50m in mix too.

[pensioner2] 31/10/2019 11:28

I was just wondering whether today was significant, Urals. Tomorrow we might find out?

[urals] 31/10/2019 11:20

An interesting observationhttps://twitter.com/Paul47293202/status/1189852191105961984?s=19

[mcfly02] 31/10/2019 09:34

Only an idiot would think the world runs on rules 🤷‍a94;️

[beernut] 31/10/2019 08:36

DNO Reports Third Quarter 2019 Results



October 31, 2019 02:00 ET | Source: DNO ASA
Oslo, 31 October 2019 - DNO ASA, the Norwegian oil and gas operator, today reported strong third quarter revenues of USD 227 million, up 33 percent from a year earlier, on the back of solid production averaging 99,300 barrels of oil equivalent per day (boepd) on a Company Working Interest (CWI) basis, up 22 percent year on year. Notwithstanding strong underlying performance, 2019 third quarter results were impacted by non-recurring items as well as lower oil prices and higher exploration expenses, resulting in a net loss of USD 96 million.

In the Kurdistan region of Iraq, third quarter production at the Tawke license containing the DNO-operated Tawke and Peshkabir fields (shared 75-25 with partner Genel Energy plc) averaged 119,800 barrels of oil per day (bopd). The Company expects to exit the year with Tawke license production averaging 120,000 bopd and to maintain this rate into 2020. The Company recently reached a significant milestone of 300 million barrels of cumulative oil production from the Tawke and Peshkabir fields.

Activity remains high as the Company continues to deliver its largest drilling campaign in its 48-year history with some 36 wells in 2019, of which 22 are development/infill wells and 14 exploration/appraisal wells. DNO projects full-year operational spend of USD 620 million (post-tax), of which USD 454 million was spent through the end of the third quarter, including USD 244 million in Kurdistan and USD 210 million (post-tax) in the North Sea.

Financial results were impacted by impairment charges of USD 138 million, including USD 89 million for technical goodwill on the Brasse discovery (Norway) and USD 33 million for decommissioning of the Schooner and Ketch fields (United Kingdom).

With USD 228 million in cash from operations during the third quarter, the Company resumed its share buyback program and acquired 23 million shares at a cost of USD 35 million, lifting its overall stake to 58 million treasury shares, representing 5.35 percent of the total outstanding shares at end quarter. DNO also bought back an additional USD 17 million of FAPE01 bonds during the quarter.

DNO maintained its previously approved dividend distribution program with another semi-annual payment of NOK 0.20 per share to be made on 4 November 2019.

“We continue to deliver across a range of operating and financial targets even as we paused this quarter for early spring cleaning of our balance sheet,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “Given global headwinds, we are budgeting at the low end of the industry’s Brent price range of USD 60-70 per barrel,” he added.

CWI production during the third quarter included 84,400 bopd from Kurdistan and 14,900 boepd from North Sea assets acquired earlier this year.

In 2019, nine wells were spud in Kurdistan through the end of the third quarter, with an additional ten wells planned for the fourth quarter. In the North Sea, 13 wells were spud through the end of the quarter, with an additional four wells planned for the fourth quarter, including DNO’s first operated exploration well, Canela, in the North Sea since 2007.

DNO exited the third quarter with a cash balance of USD 624 million in addition to USD 110 million in treasury shares and marketable securities.

--

For further information, please contact:
Media: [e-mail]
Investors: [e-mail]
Tel: [phone]

[steephill cove] 31/10/2019 07:43

"We're going to be there for a period of time to maintain control of those and make sure that there is not a resurgence of ISIS and make sure that the Kurds have some revenue from those oil fields," O'Brien said, speaking to NBC News' Meet the Press with Chuck Todd....Robert O'Brien is US National Security Advisor to President Trump.

[urals] 31/10/2019 07:21

Nestoframpers,The bonds trade on bourse in minimum $200,000 lots.Very rarely traded as it happens. Because the company is so hugely cash generative, with an excellent lending covenant they trade at a premium to issue par. They have done for ages. FCF strength is also why they have a facility to borrow $200m more and have had since July 2018.Not used so far. Expect major buybacks very soon either at or just prior sale. The excess cash will be used to concentrate owners sale profits by reducing shares in issue , not to grow production which will be the Chinese or whoever are the buyers obligation.

[stockport loser] 31/10/2019 05:58

The premium is linked to future interest payments, given Gkps cash in bank they are seen as safe. It's not linked to some hocus pokus takeover peddled by some loon who sells cut and shut washing machines.

[nestoframpers] 30/10/2019 23:26

MikeyAdmin5h
The Bonds that were sold where due a 5% Interest Payment, yet they sold for 105.75% which included the 5% Interest Payment.

Which means that the Bonds are “trading”; at 100.75, which is at a 0.75% Premium to their Issue Price, plus the Buyer gave the Seller his 5% Interest Payment . . . which is huge in Bonds circles as Bonds do not trade as confetti like Shares do.

And, from what I have been able to find out, the 8th Oct '19 trade looks to be the first trade of the re-issued Bonds, so the Bond Holders are happy

[nestoframpers] 30/10/2019 23:23

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[nestoframpers] 30/10/2019 21:26

If you see Greta show her this

[nestoframpers] 30/10/2019 21:22

Goatcam No 1 sending morse code

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