Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 09/4/2020 12:29

That's 3.5% of the co, Urals. Where have they bought them from? The missing 30%?

P.S. Markets closed for 4 days from tonight. Good time to do a deal.

[bubblingup] 09/4/2020 12:26

There you go, the full post, which is still visible and is much more balanced than one extract:

andypa

RE: WORK PROGRAMToday
09:44

Surreyscot

Great post, may I also add net cash of $160m in the bank and the mkt cap is only £160m ish.

My one concern is the gas situation. I had assumed the result of SH-9 was bad news as the long term plan of gas re-injection to maintain field pressure and production rates was now defunct, Feels like we are now back to square one and have to draw up a whole new plan.

Do we now need to build a load of infrastructure to sell the gas or is this straight forward ?

I have been a buyer over the last few days and this reminds me of Dragon oil back in 2008 ish when it got hammered and was trading at cash value. It went from £1.20 to £4 in about 6 weeks when a buyer came in.

Many thanks for your thoughts.

[urals] 09/4/2020 11:33

They have together BOUGHT over 7,000,000 in less than a monthSale RNS imminentAfter over 3 years of holding 28.8m shares never selling  1 , LANSDOWNE BUY very very aggressively JP Morgan even more GREEDY#GKPLANSDOWNE PARTNERS who hold largest holding on behalf Morgan Stanley bought 2.1 m shares 13/3 to 1/4 Now > 31m holdingJPMORGAN same 2 WK period over 4.55m shares now > 12.05mSale incoming https://t.co/1dWUlCfn5w

[urals] 09/4/2020 11:32

https://t.co/cd69rAFs8lPEEL HUNT BROKERS ANALYSIS :BUY : TARGET 287PThe business is currently having to withstand a volley of unforeseen negative developments, the combination of which has caused the share price to fall -60% in the past month. However, GKP's financial discipline in recent years has ensured the business today is in good health and is therefore in a strong position to weather this period of increased volatility. Having now moved to update our asset model to factor in new production expectations and Shaikan capex phasing over the coming years, our DCF analysis still shows considerable upside to the share price. Our Core NAV for BUY RECOMMENDATION . https://t.co/fMaubyPbsl

[urals] 09/4/2020 11:32

surreyscotWORK PROGRAMToday 06:43Here are a few pointers:Atrush Feeder Pipeline constructed on KRG instructions to take all Atrush and Shaikan oil to the export pipeline. Cost to GKP = nil, thanks to the KRG arrangement. Originally planned major Shaikan export pipeline no longer required.Shaikan now fully connected to Atrush Feeder Pipeline. Road tankering of export oil eliminated.Shaikan no longer requires a gas re-injection plant, because there is no gas cap at Shaikan. Gas to be sold instead, increasing the value of the asset and eliminating high-pressure handling of toxic Hydrogen Sulphide. This gas sales solution was proposed about 4 years ago by the KRG, but until the absence of a gas cap was confirmed with a well, planning could not proceed.PF-1 and PF-2 capacities increased by debottlenecking and other work. GKP said in 2004 that the capacity had been increased from the nameplate 40,000 bopd to c. 55,000 bopd. Current capacity unknown, but GKP say it will handle 55,000 bopd.Production tubing replaced at SH-1 and SH-3 with larger diameter kit, increasing output at those wells.New well SH-12 successfully completed and on oil productionNew well SH-9 successfully completed and following gas cap testing is currently being connected up for oil productionNew oil production well SH-13 almost completed, work suspended because of Coronavirus and oil price issuesDrill pads and other surface work completed.GKP and MOL cannot proceed with work unless/and until the KRG approve that work. GKP and MOL have c. $550 million in past capex to recover under the PSC arrangements. That will cover the next stages of work and the capital recycling formula will cover expansion to c. 110,000 bopd.======================================================================================================Facts ! Not scaremongering BS from a bunch of trolls.surreyscotWORK PROGRAMToday 06:43Here are a few pointers:Atrush Feeder Pipeline constructed on KRG instructions to take all Atrush and Shaikan oil to the export pipeline. Cost to GKP = nil, thanks to the KRG arrangement. Originally planned major Shaikan export pipeline no longer required.Shaikan now fully connected to Atrush Feeder Pipeline. Road tankering of export oil eliminated.Shaikan no longer requires a gas re-injection plant, because there is no gas cap at Shaikan. Gas to be sold instead, increasing the value of the asset and eliminating high-pressure handling of toxic Hydrogen Sulphide. This gas sales solution was proposed about 4 years ago by the KRG, but until the absence of a gas cap was confirmed with a well, planning could not proceed.PF-1 and PF-2 capacities increased by debottlenecking and other work. GKP said in 2004 that the capacity had been increased from the nameplate 40,000 bopd to c. 55,000 bopd. Current capacity unknown, but GKP say it will handle 55,000 bopd.Production tubing replaced at SH-1 and SH-3 with larger diameter kit, increasing output at those wells.New well SH-12 successfully completed and on oil productionNew well SH-9 successfully completed and following gas cap testing is currently being connected up for oil productionNew oil production well SH-13 almost completed, work suspended because of Coronavirus and oil price issuesDrill pads and other surface work completed.GKP and MOL cannot proceed with work unless/and until the KRG approve that work. GKP and MOL have c. $550 million in past capex to recover under the PSC arrangements. That will cover the next stages of work and the capital recycling formula will cover expansion to c. 110,000 bopd.======================================================================================================Facts ! Not scaremongering BS from a bunch of trolls.

[urals] 09/4/2020 11:26

After over 3 years of holding 28.8m shares never selling  1 , LANSDOWNE buy very aggressively JP Morgan even more greedy#GKPLANSDOWNE PARTNERS who hold largest holding on behalf Morgan Stanley bought 2.1 m shares 13/3 to 1/4 Now > 31m holdingJPMORGAN same 2 WK period over 4.55m shares now > 12.05mSale incoming https://t.co/1dWUlCfn5w

[urals] 09/4/2020 11:26

https://t.co/cd69rAFs8lPEEL HUNT BROKERS ANALYSIS :BUY : TARGET 287PThe business is currently having to withstand a volley of unforeseen negative developments, the combination of which has caused the share price to fall -60% in the past month. However, GKP's financial discipline in recent years has ensured the business today is in good health and is therefore in a strong position to weather this period of increased volatility. Having now moved to update our asset model to factor in new production expectations and Shaikan capex phasing over the coming years, our DCF analysis still shows considerable upside to the share price. Our Core NAV for BUY RECOMMENDATION . https://t.co/fMaubyPbsl

[urals] 09/4/2020 11:26

surreyscotWORK PROGRAMToday 06:43Here are a few pointers:Atrush Feeder Pipeline constructed on KRG instructions to take all Atrush and Shaikan oil to the export pipeline. Cost to GKP = nil, thanks to the KRG arrangement. Originally planned major Shaikan export pipeline no longer required.Shaikan now fully connected to Atrush Feeder Pipeline. Road tankering of export oil eliminated.Shaikan no longer requires a gas re-injection plant, because there is no gas cap at Shaikan. Gas to be sold instead, increasing the value of the asset and eliminating high-pressure handling of toxic Hydrogen Sulphide. This gas sales solution was proposed about 4 years ago by the KRG, but until the absence of a gas cap was confirmed with a well, planning could not proceed.PF-1 and PF-2 capacities increased by debottlenecking and other work. GKP said in 2004 that the capacity had been increased from the nameplate 40,000 bopd to c. 55,000 bopd. Current capacity unknown, but GKP say it will handle 55,000 bopd.Production tubing replaced at SH-1 and SH-3 with larger diameter kit, increasing output at those wells.New well SH-12 successfully completed and on oil productionNew well SH-9 successfully completed and following gas cap testing is currently being connected up for oil productionNew oil production well SH-13 almost completed, work suspended because of Coronavirus and oil price issuesDrill pads and other surface work completed.GKP and MOL cannot proceed with work unless/and until the KRG approve that work. GKP and MOL have c. $550 million in past capex to recover under the PSC arrangements. That will cover the next stages of work and the capital recycling formula will cover expansion to c. 110,000 bopd.======================================================================================================Facts ! Not scaremongering BS from a bunch of trolls.

[mcfly02] 09/4/2020 11:20

You can almost see the veins popping out of Dave's head 😂😂😂

[urals] 09/4/2020 11:18

After over 3 years of holding 28.8m shares never selling  1 , LANSDOWNE buy very aggressively JP Morgan even more greedy#GKPLANSDOWNE PARTNERS who hold largest holding on behalf Morgan Stanley bought 2.1 m shares 13/3 to 1/4 Now > 31m holdingJPMORGAN same 2 WK period over 4.55m shares now > 12.05mSale incoming https://t.co/1dWUlCfn5w

[urals] 09/4/2020 11:18

https://t.co/cd69rAFs8lPEEL HUNT BROKERS ANALYSIS :BUY : TARGET 287PThe business is currently having to withstand a volley of unforeseen negative developments, the combination of which has caused the share price to fall -60% in the past month. However, GKP's financial discipline in recent years has ensured the business today is in good health and is therefore in a strong position to weather this period of increased volatility. Having now moved to update our asset model to factor in new production expectations and Shaikan capex phasing over the coming years, our DCF analysis still shows considerable upside to the share price. Our Core NAV for BUY RECOMMENDATION . https://t.co/fMaubyPbsl

[urals] 09/4/2020 11:18

surreyscotWORK PROGRAMToday 06:43Here are a few pointers:Atrush Feeder Pipeline constructed on KRG instructions to take all Atrush and Shaikan oil to the export pipeline. Cost to GKP = nil, thanks to the KRG arrangement. Originally planned major Shaikan export pipeline no longer required.Shaikan now fully connected to Atrush Feeder Pipeline. Road tankering of export oil eliminated.Shaikan no longer requires a gas re-injection plant, because there is no gas cap at Shaikan. Gas to be sold instead, increasing the value of the asset and eliminating high-pressure handling of toxic Hydrogen Sulphide. This gas sales solution was proposed about 4 years ago by the KRG, but until the absence of a gas cap was confirmed with a well, planning could not proceed.PF-1 and PF-2 capacities increased by debottlenecking and other work. GKP said in 2004 that the capacity had been increased from the nameplate 40,000 bopd to c. 55,000 bopd. Current capacity unknown, but GKP say it will handle 55,000 bopd.Production tubing replaced at SH-1 and SH-3 with larger diameter kit, increasing output at those wells.New well SH-12 successfully completed and on oil productionNew well SH-9 successfully completed and following gas cap testing is currently being connected up for oil productionNew oil production well SH-13 almost completed, work suspended because of Coronavirus and oil price issuesDrill pads and other surface work completed.GKP and MOL cannot proceed with work unless/and until the KRG approve that work. GKP and MOL have c. $550 million in past capex to recover under the PSC arrangements. That will cover the next stages of work and the capital recycling formula will cover expansion to c. 110,000 bopd.======================================================================================================Facts ! Not scaremongering BS from a bunch of trolls.

[urals] 09/4/2020 11:18

https://t.co/cd69rAFs8lPEEL HUNT BROKERS ANALYSIS :BUY : TARGET 287PThe business is currently having to withstand a volley of unforeseen negative developments, the combination of which has caused the share price to fall -60% in the past month. However, GKP's financial discipline in recent years has ensured the business today is in good health and is therefore in a strong position to weather this period of increased volatility. Having now moved to update our asset model to factor in new production expectations and Shaikan capex phasing over the coming years, our DCF analysis still shows considerable upside to the share price. Our Core NAV for BUY RECOMMENDATION . https://t.co/fMaubyPbsl

[mcfly02] 09/4/2020 11:10

😂😂😂

Was it something I said ???

I see nobody's pointed out the problems with that post yet ???

I will do later 😘

[pensioner2] 09/4/2020 11:09

You might be right, amaretto. What's for sure is that big money is holding the share price back whilst they load up.

[amaretto1] 09/4/2020 11:00

a take over is in process !!

[bubblingup] 09/4/2020 10:58

surreyscot

WORK PROGRAM
Today 06:43

Here are a few pointers:

Atrush Feeder Pipeline constructed on KRG instructions to take all Atrush and Shaikan oil to the export pipeline. Cost to GKP = nil, thanks to the KRG arrangement. Originally planned major Shaikan export pipeline no longer required.

Shaikan now fully connected to Atrush Feeder Pipeline. Road tankering of export oil eliminated.

Shaikan no longer requires a gas re-injection plant, because there is no gas cap at Shaikan. Gas to be sold instead, increasing the value of the asset and eliminating high-pressure handling of toxic Hydrogen Sulphide. This gas sales solution was proposed about 4 years ago by the KRG, but until the absence of a gas cap was confirmed with a well, planning could not proceed.

PF-1 and PF-2 capacities increased by debottlenecking and other work. GKP said in 2004 that the capacity had been increased from the nameplate 40,000 bopd to c. 55,000 bopd. Current capacity unknown, but GKP say it will handle 55,000 bopd.

Production tubing replaced at SH-1 and SH-3 with larger diameter kit, increasing output at those wells.

New well SH-12 successfully completed and on oil production

New well SH-9 successfully completed and following gas cap testing is currently being connected up for oil production
New oil production well SH-13 almost completed, work suspended because of Coronavirus and oil price issues

Drill pads and other surface work completed.

GKP and MOL cannot proceed with work unless/and until the KRG approve that work. GKP and MOL have c. $550 million in past capex to recover under the PSC arrangements. That will cover the next stages of work and the capital recycling formula will cover expansion to c. 110,000 bopd.
======================================================================================================

Facts ! Not scaremongering BS from a bunch of trolls.

[urals] 09/4/2020 10:57

https://t.co/cd69rAFs8lPEEL HUNT BROKERS ANALYSIS :BUY : TARGET 287PThe business is currently having to withstand a volley of unforeseen negative developments, the combination of which has caused the share price to fall -60% in the past month. However, GKP's financial discipline in recent years has ensured the business today is in good health and is therefore in a strong position to weather this period of increased volatility. Having now moved to update our asset model to factor in new production expectations and Shaikan capex phasing over the coming years, our DCF analysis still shows considerable upside to the share price. Our Core NAV for BUY RECOMMENDATION . https://t.co/fMaubyPbsl

[urals] 09/4/2020 10:56

After over 3 years of holding 28.8m shares never selling  1 , LANSDOWNE buy very aggressively JP Morgan even more greedy#GKPLANSDOWNE PARTNERS who hold largest holding on behalf Morgan Stanley bought 2.1 m shares 13/3 to 1/4 Now > 31m holdingJPMORGAN same 2 WK period over 4.55m shares now > 12.05mSale incoming https://t.co/1dWUlCfn5w

[chinese_takeaway] 09/4/2020 10:30

Well they have bought over 7m more between March 13 and April 1It's April 9 they have prob been buyingeven more this past week

[pensioner2] 09/4/2020 10:09

Here they come. Lansdowne or JPM or both?

[highlander7] 09/4/2020 09:56

"Mac" aka OM63 needs to start reading RNS's rather than just posting what he is sent.