Gulf Keystone Petroleum Share Discussion Threads

[officerdigby] 04/11/2019 14:10

Yes but SH-12. Improving total flow is a near term driver . Surely?

[angina] 04/11/2019 13:08

Our shares will continue to be bought up by our own BoD using our working capital.Why ?To Divvy out to our overworked BoD when the company is sold of course !They will NOT be cancelled - so we as mere PIs will realise zero benefit in the share price from this squandering operation.The shares will of course fully benefit from dividends - why would they not be ?I fully expect another campaign to acquire even more 'self-award' shares ......... no law against a BoD wasting a company's working capital to set themselves up for a bonanza when they don't know what else to do with Company's funds now is there ?Isn't this game obvious to all now ?

[nestoframpers] 04/11/2019 13:02

A rough estimate by the CIA Factbook has Kurdish populations of 12 million in Turkey, 6 million in Iran, about 5 to 6 million in Iraq, and less than 2 million in Syria, which adds up to close to 28 million Kurds in Kurdistan and adjacent regions.[2] Recent emigration has resulted in a Kurdish diaspora of about 1.5 million people, about half of them in Germany.

[nestoframpers] 04/11/2019 13:00

The Kurds nearly 100% want Independence so maybe they are hanging on to sell 'the jewel' until that's happened ? just need a USA war with Iran then they can do it .Trump will have to get a 2nd term for that of course.

[urals] 04/11/2019 10:19

Nestoframpers:1. There are no significant quantities of shares to buy in mkt ( tens of millions I mean by that.) Unless from large holders lansdowne and Sothic, (or from awol block,) where the Co should have a call option in place.Plus they asked for permission to make such transactions in the agm special resolution, the 2nd part that nobody seems to have read.2. Absence of HCL hasn't prevented dozens of transactions in last decades. Indeed it may well be in the KRG interest to do a deal independently, before any hcl is made.

[chinese_takeaway] 04/11/2019 10:10

Agree Urals , the whole malarkey through to announcement stage managed and BOD have thrown crumbs of insight where they could.1 day - 4 wks to find out how much. I'd be very surprised if it's not done by scheme though, however I do agree if buyer(s) own a big piece of the awol 30%, tender may be the go.

[nestoframpers] 04/11/2019 10:08

It wont be Urals , GKP have got to buy loads more shares back yet and then there is the HCL.

[urals] 04/11/2019 09:17

Well if the deal is effected using scheme, it is announced this week, by tender may stretch to end of the month, but either way the end is nigh.And if you a "non believer" this yields near enough 8%and given the huge cash generation that will be well into double figures next div.

[pensioner2] 04/11/2019 08:28

It looks as though Voleon have decided to make a serious effort to undo their short.

Edit. Almost three day's trades in almost three hours. Looks promising.

[beernut] 04/11/2019 07:02

Barzani Refutes Claims of Compromise on Article 140 with Iraq

BasNews 03/11/2019 - 16:31 Published in Kurdistan
Barzani Refutes Claims of Compromise on Article 140 with Iraq

Tagged under en
ERBIL - Kurdish prominent leader and former president of the Kurdistan Region, Masoud Barzani, has refuted the claims of any compromises on Article 140 of the Constitution with the Iraqi government.

According to a statement by his office, Barzani has strongly criticized the reports claiming that he, during a meeting with the leader of al-Wataniya Coalition Ayad Allawi, had negotiated on changes to Article 140 in case of a possible amendment to the Iraqi Constitution.

The statement, apart from refuting the claims, also reminded that Barzani, who is also the president of the Kurdistan Democratic Party (KDP), has repeatedly made it clear to all sides that the constitutional rights of the people of Kurdistan Region must be guaranteed in Iraq.

As protests are ongoing against the government in capital Baghdad and other major cities since early October, Iraqi Parliament has started efforts to amend the Constitution as part of other plans by Prime Minister Adil Abdul Mahdi for reform.

[beernut] 04/11/2019 06:58

Iraqi PM Says Most of Protestors’ Demands Met

Basnews English 03/11/2019 - 22:04 Published in Iraq
Iraqi PM Says Most of Protestors’ Demands Met

Tagged under en
ERBIL — Iraqi Prime Minister Adil Abdul Mahdi released a statement overnight on Sunday calling for the end of demonstrations, saying most of the demands of the protestors have already been met by the authorities.

People in Baghdad and other southern Iraqi provinces took to the streets in early October to call for jobs, public services, and effective measures to fight corruption. Since mid-October thousands occupied the Tahrir Square to stage a sit-in strike until their demands are met.

PM Adil Abdul Mahdi said in his statement that “it is time to go back to a normal life”. He argued that the main achievement of the protests is that authorities in Baghdad, including executive, legislative, and judicial authorities are reconsidering their performance and position.

Abdul Mahdi also pointed out that the state has already lost billions at the result of the prolonged protests which caused a halt to some businesses in the oil sector as well as small public businesses.

He warned that a further continued demonstration will cause a greater financial harm to Iraq.

[bigdog5] 03/11/2019 21:32

Any sign of an Oil Law:-)

[25wbh] 03/11/2019 21:02

Hit it on the nail!!nest>

[nestoframpers] 03/11/2019 20:11

Sounds like Brexit , Parliament v's the people.

[beernut] 03/11/2019 20:05

Parliament Majority Favors Adil Abdul Mahdi’s Continued Premiership: Kurdish MP

Basnews English 03/11/2019 - 20:19 Published in Iraq
Parliament Majority Favors Adil Abdul Mahdi’s Continued Premiership: Kurdish MP

Tagged under en
ERBIL — The majority of the lawmakers at the Iraqi parliament do not support replacing Prime Minister Adil Abdul Mahdi which has been suggested as part of the efforts hoping to meet the protestors’ demands, said a Kurdish lawmaker.

Violent protests have been ongoing since early October in Baghdad and some other southern provinces of Iraq. While over 250 protestors were killed with many more injured, people continue calling for fundamental reforms that could guarantee improved living conditions.

Major Iraqi political factions gathered with Iraqi president and parliament speaker earlier this week to discuss the issue, after which Barham Salih said that Prime Minister Adil Abdul Mahdi will be ready to step down if the political factions reach a consensus on someone to succeed him.

However, MP Vian Sabri, head of Kurdistan Democratic Party (KDP) bloc at the Iraqi parliament, said the idea does not have many supporters at the legislature.

“So far the majority stands with PM Adil Abdul Mahdi,” she told BasNews. “There is no agreement so far to withdraw confidence from Abdul Mahdi.”

Following the meeting between major political factions earlier this week, media reports said the sides had also urged an amendment to the elections law and holding a snap election to pave the path for reforms.

[atino] 03/11/2019 18:00

Forget amazon...forget Bloomberg...

The world’s 🌍 most profitable company tipped to be listed on stock exchange for up to £1.5 TRILLION 😳

...double Apple’s value !


Saudi Aramco – which produces 10 million barrels of crude oil a day and provides about 10 per cent of global demand – is thought to be worth about £927 billion 🙇 !

However, Crown Prince Mohammed bin Salman is hoping for a staggering £1.5tn ($2tn) valuation, reports Sky.

Tech giant Apple is currently valued at around £770bn ($1tn).

[chinese_takeaway] 03/11/2019 17:38

That was $14m for restructuring open offer etc.I reckon around Perella on around 1% of sale price $100m plus imoDirectors and staff looking at around 4.5 %. In total when options exercised

[nestoframpers] 03/11/2019 17:29

GKP paid PW $14 mill I think ?

M&A Commissions
It is standard practice to provide a discount above a $1 million selling price, and many M&A firms will say they use the Lehman Scale although in reality they probably use the Double Lehman Scale. The Double Lehman Scale pays a commission of 10% on the first million, 8% on the second million, 6% on the third million on down to 4% for the remainder.

But now they have engaged another lot of M&A people. Shaikan the gift that keeps giving, just not to us, yet.

[chinese_takeaway] 03/11/2019 17:21

Correct Urals, 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.