Gulf Keystone Petroleum Share Discussion Threads

[urals] 02/11/2019 14:41

Correct Chinese, current EV :2p.is an absurdly low 0.80!!Nest of rampers if the sake is by scheme will be announced no later than this Thursday, to become effective by Dec 2,if its tender offer Then 29/11 or before. RE: Fixed Sum Dividends.Today 05:44The trolls ignore the detailed analysis by GKP house broker Peel Hunt. Their current Peel Hunt measurement of the Enterprise Value per 2P barrel of GKP and peer group companies are:EV per 2P barrelShaMaran $15Soco $6Genel $3DNO $3Nostrum $2.5*GKP $1.1Average $5.1* reducing to $0.8 by 2021This shows the massive underpricing of the GKP shares. Compared to the peer group average it was a factor of 5, forecast to increase to more than 6 by 2021.Applying that factor to the current share price, the valuation rises to about £13 per GKP share.

[mcfly02] 02/11/2019 13:56

Digby,

I share my thoughts with mature respectful investors that like to understand the reality of their investments.

For everyone else we're being taken over tomorrow or was it yesterday ???

GoatCam on the ground.

[bigdog5] 02/11/2019 13:56

Looks like Urals forgot to log out again when talking to himself.

No disparity. 340m of P2 which is arguably very suspect now as evidenced by all the problems and delays. In fact it looks like the share price is massively overpriced currently.

[nestoframpers] 02/11/2019 13:35

The Kurds were criticized for being slow to rescue the Yazidis , did they really want to?

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The Kurdistan Regional Government’s recent arrest and detainment of a journalist for his discovery of an ancient Assyrian stone relief illustrates deeper issues with how both Assyrian material heritage and the Assyrian people are being treated in Iraq.

[officerdigby] 02/11/2019 12:22

Heres another one for the negative team..

GENL/DNO getting on with their gas reinfection project no big deal..

" DNO stated that the Peshkabir-to-Tawke gas project is on track to be
delivered in Q1 2020, effectively eliminating gas flaring while enhancing
recoverability at the Tawke field. "

However here you all make a massive big deal about it wrt the latest catastrophizing that it will make or break the company!

Get there is considerably more health and safety issues due to the H2S.

[chinese_takeaway] 02/11/2019 10:08

Urals Actually the disparity is even greater now than when Peel made that analysis: the EV is lower still now.

[nestoframpers] 02/11/2019 09:43

I thought it was TO on the 31s t ? wot went wrong then ?

[urals] 02/11/2019 07:35

Agree Chinese, my worst case around £12 best is north of £100Much depends on the size of off mkt buyback TBAToms undercooked it as WI = 80%But territory clearly double to treble GBP :)Simple fair valuationToday 14:13I'll keep it simple.https://www.shamaranpetroleum.com/site/assets/files/100023/snm-corporate-presentation-september-2019.pdf'7.9 MMbbl of 2P reserves ?valued at NPV10 USD 86.2MM'https://www.gulfkeystone.com/media/119090/corporate-presentation-june-2018.pdf'Net 2P reserves of 349 MMstb3) and 2C of 138 MMstb'= $3.8b = share price of £13.26p. Shall we say £15.00p if we include current 2C?All we now need is more of our 13.7 billion barrels (OIP) to be converted to reserves. I don't want to be greedy... I'd take 2 billion reserves.= share price of £60.00p.Have a good weekend.

[urals] 02/11/2019 07:34

RE: Fixed Sum Dividends.Today 05:44The trolls ignore the detailed analysis by GKP house broker Peel Hunt. Their current Peel Hunt measurement of the Enterprise Value per 2P barrel of GKP and peer group companies are:EV per 2P barrelShaMaran $15Soco $6Genel $3DNO $3Nostrum $2.5*GKP $1.1Average $5.1* reducing to $0.8 by 2021This shows the massive underpricing of the GKP shares. Compared to the peer group average it was a factor of 5, forecast to increase to more than 6 by 2021.Applying that factor to the current share price, the valuation rises to about £13 per GKP share.

[chinese_takeaway] 01/11/2019 20:42

If you can keep your head when all about you   Are losing theirs and blaming it on you;If you can trust yourself when all men doubt you,   But make allowance for their doubting too;If you can wait and not be tired by waiting,   Or, being lied about, don't deal in lies,Or, being hated, don't give way to hating,   And yet don't look too good, nor talk too wise;If you can dream-and not make dreams your master;   If you can think-and not make thoughts your aim;If you can meet with triumph and disaster   And treat those two impostors just the same;If you can bear to hear the truth you've spoken   Twisted by knaves to make a trap for fools,Or watch the things you gave your life to broken,   And stoop and build 'em up with wornout tools;If you can make one heap of all your winnings   And risk it on one turn of pitch-and-toss,And lose, and start again at your beginnings   And never breathe a word about your loss;If you can force your heart and nerve and sinew   To serve your turn long after they are gone,And so hold on when there is nothing in you   Except the Will which says to them: "Hold on

[chinese_takeaway] 01/11/2019 20:37

https://twitter.com/GoodnightCharl1/status/1190355638888681472?s=19

[chinese_takeaway] 01/11/2019 20:36

Toms undercooked it as WI = 80%But territory clearly double to treble GBP :)Simple fair valuationToday 14:13I'll keep it simple.https://www.shamaranpetroleum.com/site/assets/files/100023/snm-corporate-presentation-september-2019.pdf'7.9 MMbbl of 2P reserves ?valued at NPV10 USD 86.2MM'https://www.gulfkeystone.com/media/119090/corporate-presentation-june-2018.pdf'Net 2P reserves of 349 MMstb3) and 2C of 138 MMstb'= $3.8b = share price of £13.26p. Shall we say £15.00p if we include current 2C?All we now need is more of our 13.7 billion barrels (OIP) to be converted to reserves. I don't want to be greedy... I'd take 2 billion reserves.= share price of £60.00p.Have a good weekend.

[stockport loser] 01/11/2019 20:32

Gone before Halloween you said sad sack.....

[chinese_takeaway] 01/11/2019 20:09

Toms undercooked it as WI = 80%But territory clearly double to treble GBP :)Simple fair valuationToday 14:13I'll keep it simple.https://www.shamaranpetroleum.com/site/assets/files/100023/snm-corporate-presentation-september-2019.pdf'7.9 MMbbl of 2P reserves ?valued at NPV10 USD 86.2MM'https://www.gulfkeystone.com/media/119090/corporate-presentation-june-2018.pdf'Net 2P reserves of 349 MMstb3) and 2C of 138 MMstb'= $3.8b = share price of £13.26p. Shall we say £15.00p if we include current 2C?All we now need is more of our 13.7 billion barrels (OIP) to be converted to reserves. I don't want to be greedy... I'd take 2 billion reserves.= share price of £60.00p.Have a good weekend.

[bigdog5] 01/11/2019 17:59

I do find it odd that the Officer wants info from a poster that the rampers say knows nothing, or that they make it up, or that they clearly can't comprehend what they discover.

It would only mean a deluge of e-mails and phone calls wouldn't it:-)

[urals] 01/11/2019 17:34

Just less than an hour to go and less than 100k traded. This drying up of trades often precedes corporate action. Voleon might be left high and dry with that short unless they pile in prior to the close (if they can). :):)

[bigdog5] 01/11/2019 17:25

"I strongly believe that we have been asked/told/instructed not to increase production since 2017/2018. With the enormous amount of cash, the incredibly low amount of debt and the $200m debt facility at our disposal, I have come to the conclusion that we are not to increase production"

LOFL.

The MNR have massive debts. They haven't even been able to supply Baghdad with the 250k a day which is why negotiations re an Oil law keep breaking down. The MNR need every barrel they can get so the Chinese/urals gangs belief is classic BS.

As for the gas problem and S9, if it goes wrong you can say goodbye to all the hyped up plans and fantasy dreams of material increased production and you can take that to the Post office.