Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 23/4/2020 08:18

2018 PROFIT $79.9M : AVGE BRENT $71
2019 PROFIT $43.5M : AVGE BRENT $64
2020 LOSS.. $??.?M : AVGE BRENT $2?

[urals] 23/4/2020 08:17

Anybody found the presentation referenced?I can't.

[urals] 23/4/2020 07:57

Edit#GKP164 m cash plus 73m o/s from MNRProdn 38kSurvive with no growth independently at least 2 YEARS of low POO CNPC will taking care of growth ? #TLW asset sale today, IOC buy minnows/their assetsGKP next imminently

[urals] 23/4/2020 07:56

True, carrying cost of 100m notes is 20m for next 2 years out of receipts, so 164m free

[jpcartman] 23/4/2020 07:51

It's cash of $164m, with net cash of $64m

[urals] 23/4/2020 07:42

#GKP164 m net cash plus 73m o/s from MNRProdn 38kSurvive with no growth independently at least 2 YEARS of low POO CNPC will taking care of growth ? #TLW asset sale today, IOC buy minnows/their assetsGKP next imminently

[urals] 23/4/2020 07:42

164 m net cash plus 73m o/s from MNRProdn steady 38kCosts being slashed Can survive at least 2 YEARS of low POOExpansion/dividends happening only when MNR pay up :)Or MNR, you just now need to sign the change of control agreement, and CNPC will take care of the rest. They won't be any divs, just sale.

[broadford bay] 23/4/2020 07:32

Heading for the Roaring Forties...?

[urals] 23/4/2020 07:28

164 m net cash plus 73m o/s from MNRProdn steady 38kCosts being slashed Can survive at least 2 YEARS of low POOExpansion/dividends happening only when MNR pay up :)Or MNR, you just now need to sign the change of control agreement, and CNPC will take care of the rest. They won't be any divs, just sale.

[hhhold2] 22/4/2020 22:44

I suppose nothing goes down in a straight line.

[sharesiq88] 22/4/2020 20:44

Mental much, CT?

[j0sekl] 22/4/2020 18:39

Visibility is clouded but one certainly doesn't anticipate much demand pick up therefore it might be possible that with inventory capacity being so full the next month will be another killer.

[chinese_takeaway] 22/4/2020 16:26

Price paid? I'm counting 2c as 2p, given a signature on the BUYERS FDPMakes it around 650m 2p minimum.#$ per 2P? Worst case $3 best $18. $1.95bn - 11. 5bn (£7--£42/share)Let's be very prudent say $5/2p = £ 11.80 /share

[chinese_takeaway] 22/4/2020 16:25

#GKP Sale implementation agreement made June 2019.Buyers China =Beijing based new CFO.Buyback ended 3/13 with $50m buying 19.6m sh = 8.54% shares which took out major shareholder of 2016 Restructure Capital pre agreed terms Straight after 3/13 to 1/4 in just 2 weeks Lansdowne buy further 2.1m shares and JPMorgan +4.65 mDeal incoming#GKP Sale implementation agreement made June 2019.Buyers China =Beijing based new CFO.Buyback ended 3/13 with $50m buying 19.6m sh = 8.54% shares which took out major shareholder of 2016 Restructure Capital pre agreed terms Straight after 3/13 to 1/4 in just 2 weeks Lansdowne buy further 2.1m shares and JPMorgan +4.65 mDeal incoming

[chinese_takeaway] 22/4/2020 16:25

GKP AND BUYERS implementation agreement Jun 2019, hence buybacks, and CFO change, were conditions of the agreement, EXECUTION of the agreement announced shortly. Initial ApproachThe first step in the scheme process will typically involve the bidder approaching the target with an indicative offer to propose a scheme under which bidder would acquire 100% of target.Due DiligenceIf the target is amendable to the bidder's offer, the target will typically grant the bidder a period of due diligence (either on an exclusive or non-exclusive basis) so that the bidder can confirm its interest in the target and the amount of consideration to be offered by the bidder.Scheme implementation agreementBEFORE the scheme proposal is PUBLICLY ANNOUNCED , the bidder and the target will typically enter into a 'scheme implementation agreement' which: sets out the terms of the scheme and commits the bidder and the target to the scheme transaction;obliges the target to propose the scheme to target shareholders, and to ensure that the target directors recommend that target shareholders vote in favour of the scheme in the absence of a superior proposal; andsets out how the bidder and target will work together throughout the approval process.( New buyers CFO) The scheme implementation agreement will typically contain 'deal protection mechanisms' such as:'no shop', 'no talk' and 'no due diligence' obligations on the target to seek to prevent the target from proactively generating rival bidders;a notification and matching right for the bidder to be notified of and have the opportunity to match any third party offer for control of target before target directors may recommend that third party offer to target shareholders; anda break fee (generally not exceeding 1% of the equity value of the target) payable by target to bidder if a third party is successful in obtaining control of target or if the target directors change their recommendation to vote in favour of the scheme in certain circumstances.The scheme is typically publicly announced for the FIRST time when the scheme implementation agreement is EXECUTED . GKP AND BUYERS implementation agreement Jun 2019, hence buybacks, and CFO change, were conditions of the agreement, EXECUTION of the agreement announced shortly. Initial ApproachThe first step in the scheme process will typically involve the bidder approaching the target with an indicative offer to propose a scheme under which bidder would acquire 100% of target.Due DiligenceIf the target is amendable to the bidder's offer, the target will typically grant the bidder a period of due diligence (either on an exclusive or non-exclusive basis) so that the bidder can confirm its interest in the target and the amount of consideration to be offered by the bidder.Scheme implementation agreementBEFORE the scheme proposal is PUBLICLY ANNOUNCED , the bidder and the target will typically enter into a 'scheme implementation agreement' which: sets out the terms of the scheme and commits the bidder and the target to the scheme transaction;obliges the target to propose the scheme to target shareholders, and to ensure that the target directors recommend that target shareholders vote in favour of the scheme in the absence of a superior proposal; andsets out how the bidder and target will work together throughout the approval process.( New buyers CFO) The scheme implementation agreement will typically contain 'deal protection mechanisms' such as:'no shop', 'no talk' and 'no due diligence' obligations on the target to seek to prevent the target from proactively generating rival bidders;a notification and matching right for the bidder to be notified of and have the opportunity to match any third party offer for control of target before target directors may recommend that third party offer to target shareholders; anda break fee (generally not exceeding 1% of the equity value of the target) payable by target to bidder if a third party is successful in obtaining control of target or if the target directors change their recommendation to vote in favour of the scheme in certain circumstances.The scheme is typically publicly announced for the FIRST time when the scheme implementation agreement is EXECUTED . 

[bigdog5] 22/4/2020 16:20

Where's johnyboy with his usual rubbish?

[bigdog5] 22/4/2020 16:19

Poor old desperate pointless Paul spamming away like he's done for 5 years all to no avail:-) But when you're as clueless as him what can you do, lol.

[bigdog5] 22/4/2020 16:16

Oil price spike down to Trump's orders it would seem.

[bigdog5] 22/4/2020 16:15

Oil price beginning to drop from its high and you know what that means.

Looks like the spike was due to Trump and his orders.

[chinese_takeaway] 22/4/2020 16:15

Price paid? I'm counting 2c as 2p, given a signature on the BUYERS FDPMakes it around 650m 2p minimum.#$ per 2P? Worst case $3 best $18. $1.95bn - 11. 5bn (£7--£42/share)Let's be very prudent say $5/2p = £ 11.80 /share

[chinese_takeaway] 22/4/2020 16:14

#GKP Sale implementation agreement made June 2019.Buyers China =Beijing based new CFO.Buyback ended 3/13 with $50m buying 19.6m sh = 8.54% shares which took out major shareholder of 2016 Restructure Capital pre agreed terms Straight after 3/13 to 1/4 in just 2 weeks Lansdowne buy further 2.1m shares and JPMorgan +4.65 mDeal incoming#GKP Sale implementation agreement made June 2019.Buyers China =Beijing based new CFO.Buyback ended 3/13 with $50m buying 19.6m sh = 8.54% shares which took out major shareholder of 2016 Restructure Capital pre agreed terms Straight after 3/13 to 1/4 in just 2 weeks Lansdowne buy further 2.1m shares and JPMorgan +4.65 mDeal incoming

[chinese_takeaway] 22/4/2020 16:13

GKP AND BUYERS implementation agreement Jun 2019, hence buybacks, and CFO change, were conditions of the agreement, EXECUTION of the agreement announced shortly. Initial ApproachThe first step in the scheme process will typically involve the bidder approaching the target with an indicative offer to propose a scheme under which bidder would acquire 100% of target.Due DiligenceIf the target is amendable to the bidder's offer, the target will typically grant the bidder a period of due diligence (either on an exclusive or non-exclusive basis) so that the bidder can confirm its interest in the target and the amount of consideration to be offered by the bidder.Scheme implementation agreementBEFORE the scheme proposal is PUBLICLY ANNOUNCED , the bidder and the target will typically enter into a 'scheme implementation agreement' which: sets out the terms of the scheme and commits the bidder and the target to the scheme transaction;obliges the target to propose the scheme to target shareholders, and to ensure that the target directors recommend that target shareholders vote in favour of the scheme in the absence of a superior proposal; andsets out how the bidder and target will work together throughout the approval process.( New buyers CFO) The scheme implementation agreement will typically contain 'deal protection mechanisms' such as:'no shop', 'no talk' and 'no due diligence' obligations on the target to seek to prevent the target from proactively generating rival bidders;a notification and matching right for the bidder to be notified of and have the opportunity to match any third party offer for control of target before target directors may recommend that third party offer to target shareholders; anda break fee (generally not exceeding 1% of the equity value of the target) payable by target to bidder if a third party is successful in obtaining control of target or if the target directors change their recommendation to vote in favour of the scheme in certain circumstances.The scheme is typically publicly announced for the FIRST time when the scheme implementation agreement is EXECUTED . GKP AND BUYERS implementation agreement Jun 2019, hence buybacks, and CFO change, were conditions of the agreement, EXECUTION of the agreement announced shortly. Initial ApproachThe first step in the scheme process will typically involve the bidder approaching the target with an indicative offer to propose a scheme under which bidder would acquire 100% of target.Due DiligenceIf the target is amendable to the bidder's offer, the target will typically grant the bidder a period of due diligence (either on an exclusive or non-exclusive basis) so that the bidder can confirm its interest in the target and the amount of consideration to be offered by the bidder.Scheme implementation agreementBEFORE the scheme proposal is PUBLICLY ANNOUNCED , the bidder and the target will typically enter into a 'scheme implementation agreement' which: sets out the terms of the scheme and commits the bidder and the target to the scheme transaction;obliges the target to propose the scheme to target shareholders, and to ensure that the target directors recommend that target shareholders vote in favour of the scheme in the absence of a superior proposal; andsets out how the bidder and target will work together throughout the approval process.( New buyers CFO) The scheme implementation agreement will typically contain 'deal protection mechanisms' such as:'no shop', 'no talk' and 'no due diligence' obligations on the target to seek to prevent the target from proactively generating rival bidders;a notification and matching right for the bidder to be notified of and have the opportunity to match any third party offer for control of target before target directors may recommend that third party offer to target shareholders; anda break fee (generally not exceeding 1% of the equity value of the target) payable by target to bidder if a third party is successful in obtaining control of target or if the target directors change their recommendation to vote in favour of the scheme in certain circumstances.The scheme is typically publicly announced for the FIRST time when the scheme implementation agreement is EXECUTED .