Gulf Keystone Petroleum Share Discussion Threads

[chinese_takeaway] 12/11/2019 08:36

https://twitter.com/Paul47293202/status/1194154280946667521?s=19

[pensioner2] 12/11/2019 08:19

FWIW Digby, I emailed IR to ask whether media speculation on a new CFO was true and, if so, would they be issuing an rns. The answer was:

"The Company will issue an announcement to the market on this matter at the appropriate time."

So whether it's true or not remains unknown but in any normal situation, with the FD leaving in 3 weeks, it would be material info. So maybe it has been sold? Who knows.

Edit. The only reason I can think of which would justify withholding material information would be where it was subject to a confidentiality clause. So, either that or there is no new CFO yet.

[officerdigby] 12/11/2019 07:57

Really can't believe the 'news black out' here. V poor!

[bigdog5] 11/11/2019 20:20

He's not the only one Stockport. Sarahgibbs has multis also. However having rovershyte, welski, goat support and oily all filtered that cuts down a lot of his drivel n'est ce pas.

Is the takeaway this week still Chinese/Urals? Have you dreamt up any excuses yet?

[stockport loser] 11/11/2019 19:40

. "Anyone selling now must be certifiable."Coming from the person who has been ticked up by 7 voices in his head..

[urals] 11/11/2019 16:17

The volume speaks volumes :)), very good Oap! It clearly has significance. SGM majority vote under Bermuda company law is apparently all that is required to effect sale 14 days notice. Anyone selling now must be certifiable.

[pensioner2] 11/11/2019 14:57

Yes, Urals. The volume speaks volumes. There's very little liquidity and that short of 1.6m shares must be a cause of concern for the holders. :):):)

[urals] 11/11/2019 14:52

Here's just a few most RECENT NEW institutional fund buys in past few weeks alone :Hartford Schroders + 132,955Schroder International multi cap + 83,329JP Morgan UK Smaller Companies trust +130,000J p Morgan have over 12,000,000 spread across several funds

[urals] 11/11/2019 14:40

Oap :Volumes are tiny, black rock, J p Morgan etc holdings in 8 figures and increasing, no instis selling tells its own story. Everyone just waiting for the very obvious sale. href='https://twitter.com/GoodnightCharl1/status/1193867284571459584?s=19' target='window'>https://twitter.com/GoodnightCharl1/status/1193867284571459584?s=19-------------------------------------------------------------------------------I don't think anyone is selling any real shares with transactions of 1, 7 & 14. It's just mm's trying to shake a few out but they'll go the other way when they don't succeed. Voleon still haven't unwound that short and time is pressing. :):):)

[stockport loser] 11/11/2019 14:26

Back in the day, 2013 Edison reports, quotes from 2012 investor presentations blah blah. The big players can change tact in a heartbeat, Miton for example are currently selling down E&P small caps when they have been one of the biggest players. 2012 is gone, 460p is gone, TK is gone and 85% of your investment is gone. Start looking in the present.

[bigdog5] 11/11/2019 14:21

The straymoggi appears to have missed mentioning reasons why the MNR would approve any FDP if the company continues to flare gas if and when S9 fails in its main objective. Is he a graduate of post office school?

Is the Chinese/Urals takeaway still being delivered this week after 5 years in the making?

[pensioner2] 11/11/2019 13:43

Chinese_Takeaway11 Nov '19 - 12:27 - 593923 of 593924
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I don't think anyone is selling any real shares with transactions of 1, 7 & 14. It's just mm's trying to shake a few out but they'll go the other way when they don't succeed. Voleon still haven't unwound that short and time is pressing. :):):)

[0ili0] 11/11/2019 13:26

Stockport loser - do Jeremy Asher, Mark Denning and Tom Dobell didn't share your views. Big players in their day. May still be? ;)When did you last speak to any of them - this morning? lol"Alexa"(of London) "wots reserves?"

[chinese_takeaway] 11/11/2019 12:27

https://twitter.com/GoodnightCharl1/status/1193867284571459584?s=19

[bigdog5] 11/11/2019 12:27

I see over on the other ramptastic bb they are quoting from the Edison note dated December 2013. The date is of course "missing" from the ramp in order to mislead.

We can see that the poor clueless fantasists still desperately cling to the 13.7b number. A number that was simply used to fill the trough for Kozel and his chums. However since that time both the company and the only remaining asset have changed out of all recognition. The evidence from the past 3 years of failing plans, missed time tables and falling production puts everything from those days in serious doubt.

[stockport loser] 11/11/2019 11:56

It will be interesting to see what happens when the new shipping regulations kick in. I suspect SH sludge will get a further $5/10 discount placed on it. Also I doubt any Western oil company will look at it given ever more importance on corporate governance and greener fuel. Strong Sell.

[gkphero] 11/11/2019 11:52

Yes indeed, GKP is about to be sold for at least £50 per share.

I secretly hold for £154.96 per share though.

[urals] 11/11/2019 11:40

By a substantial distance Chinese!! I forgot , when peel research note described them as the most. Undervalued e and p on LSE share price was 254, of course as sale nears the price has been squeezed lower as instis build monumental stakes at retail expense.Stray cat sums it up well however , his numbers are under clubbed, when revenue hits 600m+ profits will be 460m plus plus it's just an enormous cash fruit machine.As peel Hun t spelt out clearly in their cap mkts research note: the most UNDERVALUED e and p on LSE Hey ho , not long to go :)StrayCat on lse : no brainer takeover, organic growth, nope!! The Real Investment Story.Today 07:48The full capex plan will take up to ten years to complete and will cost an estimated $1.34bn.Critically it depends on :-1) Full FPD approvals;2) Phase 1 results appraisal and phase 2 sanction;3) Sufficient available cash resources.This year we'll collect c.a. $200m in trade receipts.This despite severe production disruptions due to maintenance, reworks, upgrades and plant installations, all on the way to 55k bopd by Q2 next year.But if all we do for the next ten years is to continue to collect at $200m a year, receipts will still be more than enough to pay for the major production uplifts to 110k bopd.$600m more than enough.Of course it would also mean that $1.34bn had been wasted and no increases in production had been realised at all, (even though IN FACT we're already up to 40k bopd).So if we do perform according to plan, over the next ten years our cash receipts balloon through $300m per year to $500m as we achieve 75k bopd. Finally, at 110k bopd receipts would be staggering; in excess of $600m in 2027.The extraordinarily low lifting costs mean that much of that cash falls down to the bottom line with 2027 projections at 110k bopd of Revenues at $800M-$900M developing profits well over $200m.And we can argue the details and the assumptions made on these annual forecasts ad nauseam. No one can accurately forecast ten months out, let alone ten years. If it gives you any comfort do your own forecast.But that's not the point.Any way you look at the proposition realistically, it's a corporate dream coming true.Whether we're 'sold' or not it must be true that other and much larger interested parties will have run the same numbers and will have come to much the same conclusions purely on a forecast P&L Balance Sheet basis.They will have also developed sophisticated projections encompassing the full potential of Shaikan at much higher output levels, very different cash resources, and much compressed time scales.Wouldn't you?Yet JF has shown no real enthusiasm for making our case in the Markets. GKP have engaged in one Corporate Events Day and announced a new dividend policy.That's it.Why hide this potentially tremendous success story from the public gaze?The capex plans have been in train for years but have only been properly activated this year, though the cash build has been there for all to see.Even now those plans are already behind schedule.And he shows no enthusiasm at all for engaging in regular RNS updates on operational progress. Too often we are left to glean what we can from the RNS information GKP are required by law to provide.Why all the reticence?Why the obvious secrecy?What's really going on?Less than three weeks 'til Sami's official departure and no replacement anywhere to be found.Have a look at the Business Plan.Look at the investment scale.That needs heavyweight financial oversight.Where is it?Are we really going for organic growth?Or??????

[bigdog5] 11/11/2019 11:25

Stockport, thanks for posting up the "high sulphur" article.

Now isn't that exactly what I've been telling you clowns for a long time. Heavy oil to lose material value as opposed to the light.

Interesting that habby get his knickers all knotted up about Reserves and OIP. How many times have we seen the rampers do exactly that here over the years? So the Iran oil minister "corrects" the previously announced numbers massively downwards. Is there a parallel to be drawn both here and in koruptistan by any chance?

It seems that "straymoggi" has fallen into the usual trap with their assumptions just like our fake reverend used to do on a regular basis which as history has proved never came to pass. Looking back over the 10 years here that's the one absolute certainty you can rely on, absolutely nothing has or will go to plan. What happens if S9 fails (almost a cert) in its main aim? The gas project is massive, risky and expensive. The MNR don't want flaring of gas. You rampers ignore the huge problems facing the company.

No takeout today then?

[urals] 11/11/2019 11:24

By a substantial distance Chinese!! I forgot , when peel research note described them as the most. Undervalued e and p on LSE share price was 254, of course as sale nears the price has been squeezed lower as instis build monumental stakes at retail expense.Stray cat sums it up well however , his numbers are under clubbed, when revenue hits 600m+ profits will be 460m plus plus it's just an enormous cash fruit machine.As peel Hun t spelt out clearly in their cap mkts research note: the most UNDERVALUED e and p on LSE Hey ho , not long to go :)StrayCat on lse : no brainer takeover, organic growth, nope!! The Real Investment Story.Today 07:48The full capex plan will take up to ten years to complete and will cost an estimated $1.34bn.Critically it depends on :-1) Full FPD approvals;2) Phase 1 results appraisal and phase 2 sanction;3) Sufficient available cash resources.This year we'll collect c.a. $200m in trade receipts.This despite severe production disruptions due to maintenance, reworks, upgrades and plant installations, all on the way to 55k bopd by Q2 next year.But if all we do for the next ten years is to continue to collect at $200m a year, receipts will still be more than enough to pay for the major production uplifts to 110k bopd.$600m more than enough.Of course it would also mean that $1.34bn had been wasted and no increases in production had been realised at all, (even though IN FACT we're already up to 40k bopd).So if we do perform according to plan, over the next ten years our cash receipts balloon through $300m per year to $500m as we achieve 75k bopd. Finally, at 110k bopd receipts would be staggering; in excess of $600m in 2027.The extraordinarily low lifting costs mean that much of that cash falls down to the bottom line with 2027 projections at 110k bopd of Revenues at $800M-$900M developing profits well over $200m.And we can argue the details and the assumptions made on these annual forecasts ad nauseam. No one can accurately forecast ten months out, let alone ten years. If it gives you any comfort do your own forecast.But that's not the point.Any way you look at the proposition realistically, it's a corporate dream coming true.Whether we're 'sold' or not it must be true that other and much larger interested parties will have run the same numbers and will have come to much the same conclusions purely on a forecast P&L Balance Sheet basis.They will have also developed sophisticated projections encompassing the full potential of Shaikan at much higher output levels, very different cash resources, and much compressed time scales.Wouldn't you?Yet JF has shown no real enthusiasm for making our case in the Markets. GKP have engaged in one Corporate Events Day and announced a new dividend policy.That's it.Why hide this potentially tremendous success story from the public gaze?The capex plans have been in train for years but have only been properly activated this year, though the cash build has been there for all to see.Even now those plans are already behind schedule.And he shows no enthusiasm at all for engaging in regular RNS updates on operational progress. Too often we are left to glean what we can from the RNS information GKP are required by law to provide.Why all the reticence?Why the obvious secrecy?What's really going on?Less than three weeks 'til Sami's official departure and no replacement anywhere to be found.Have a look at the Business Plan.Look at the investment scale.That needs heavyweight financial oversight.Where is it?Are we really going for organic growth?Or??????

[chinese_takeaway] 11/11/2019 10:54

I forgot , when peel research note described them as the most. Undervalued e and p on LSE share price was 254, of course as sale nears the price has been squeezed lower as instis build monumental stakes at retail expense.Stray cat sums it up well however , his numbers are under clubbed, when revenue hits 600m+ profits will be 460m plus plus it's just an enormous cash fruit machine.As peel Hun t spelt out clearly in their cap mkts research note: the most UNDERVALUED e and p on LSE Hey ho , not long to go :)StrayCat on lse : no brainer takeover, organic growth, nope!! The Real Investment Story.Today 07:48The full capex plan will take up to ten years to complete and will cost an estimated $1.34bn.Critically it depends on :-1) Full FPD approvals;2) Phase 1 results appraisal and phase 2 sanction;3) Sufficient available cash resources.This year we'll collect c.a. $200m in trade receipts.This despite severe production disruptions due to maintenance, reworks, upgrades and plant installations, all on the way to 55k bopd by Q2 next year.But if all we do for the next ten years is to continue to collect at $200m a year, receipts will still be more than enough to pay for the major production uplifts to 110k bopd.$600m more than enough.Of course it would also mean that $1.34bn had been wasted and no increases in production had been realised at all, (even though IN FACT we're already up to 40k bopd).So if we do perform according to plan, over the next ten years our cash receipts balloon through $300m per year to $500m as we achieve 75k bopd. Finally, at 110k bopd receipts would be staggering; in excess of $600m in 2027.The extraordinarily low lifting costs mean that much of that cash falls down to the bottom line with 2027 projections at 110k bopd of Revenues at $800M-$900M developing profits well over $200m.And we can argue the details and the assumptions made on these annual forecasts ad nauseam. No one can accurately forecast ten months out, let alone ten years. If it gives you any comfort do your own forecast.But that's not the point.Any way you look at the proposition realistically, it's a corporate dream coming true.Whether we're 'sold' or not it must be true that other and much larger interested parties will have run the same numbers and will have come to much the same conclusions purely on a forecast P&L Balance Sheet basis.They will have also developed sophisticated projections encompassing the full potential of Shaikan at much higher output levels, very different cash resources, and much compressed time scales.Wouldn't you?Yet JF has shown no real enthusiasm for making our case in the Markets. GKP have engaged in one Corporate Events Day and announced a new dividend policy.That's it.Why hide this potentially tremendous success story from the public gaze?The capex plans have been in train for years but have only been properly activated this year, though the cash build has been there for all to see.Even now those plans are already behind schedule.And he shows no enthusiasm at all for engaging in regular RNS updates on operational progress. Too often we are left to glean what we can from the RNS information GKP are required by law to provide.Why all the reticence?Why the obvious secrecy?What's really going on?Less than three weeks 'til Sami's official departure and no replacement anywhere to be found.Have a look at the Business Plan.Look at the investment scale.That needs heavyweight financial oversight.Where is it?Are we really going for organic growth?Or??????

[welshki] 11/11/2019 10:19

FFS......does oilman even know what "reserves" are??!!