Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 06/6/2020 17:51

Steephill Cove another of the Stockport bores avatars.

58% n'est ce pas. Reserves falling by the day, do look at the "net entitlement".

Then as they don't go to the Cretaceous or Triassic/Permian it makes them irrelevant and no one would be interested in "here say" of numbers from the Kozel era.

All about the barrels?

[steephill cove] 06/6/2020 17:36

Bigdog already seen the message & posting on here once again from good ole eastern USA on behalf of his paymaster Morgan Stanley. Back to college Mutley. End of term grade = Must try harder :-)

[bigdog5] 06/6/2020 17:31

CPR 30th June 2016. The Stockport BS err is misleading you morons as I've said on many occasions. GKP's net entitlement of 2P reserves is 161m barrels.


The PSC (2007) as amended by the First Amendment (2010) allows for the KRG to back in up to 20% and a Third Party Participation nominated by the KRG to take up to a maximum of 15%. Under this scenario, GKP’s interest would be diluted to 54.4% (comprising 51.0% for GKP and 3.4% for the interest held in trust by TKI). ERCE has been informed by GKP that it has entered in to an agreement with Kurdistan Ministry of Natural Resources (MNR) dated 16 March 2016 (the March Agreement) which confirms the KRG’s back in right of 20%. In addition, the new agreement assigns half of the Third Party interest (7.5%) to the non-government contractors pro rata to their existing working interests with the remaining 7.5% to be held by the MNR. Also the Capacity Building Value for GKP and TKI is reduced from 40% to 30%.
The March Agreement has still to be ratified by all parties through an amendment to the PSC. If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and 3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI will be reduced from 40% to 30%.

[steephill cove] 06/6/2020 17:07

Bigdog5 Are you a shareholder in GKP? Comedy Gold :-)

[barrie16] 06/6/2020 16:11

Bigdog5 Are you a shareholder in GKP?

[chinese_takeover] 06/6/2020 15:44

Courtesy of surreyscot on LSE."BROKERS.Arctic Securities published, late on Wednesday, a positive “BUYâ€? broker note on GKP.They describe the company as “Our preferred Kurdistan exposureâ€? with a Base Case Net Asset Value of £3 a share. This NAV figure is then discounted because of operational gearing and lack of payment certainty, to give a current target price of £1.90 a share. They say that the operational gearing would make the company “a relative winnerâ€? with a Brent price above $40 per barrel, making risk/reward “attractiveâ€?. They consider that at a sustained $40 price, GKP “will be able to accumulate several times its market capitalisation in cashâ€?.The share price was 76.3p when Arctic published their note, and it has significantly strengthened since then. The covering analysts are all saying pretty much the same thing: that GKP is substantially underpriced and offers a significant level of upside.I would imagine that the major investors pay more attention to the analysts than the small group of 24/7 trolls who are active on here and ADVFN.IMO"

[chinese_takeover] 06/6/2020 15:43

239,306 late reported buy at highest of the week 108.19

[chinese_takeover] 06/6/2020 15:43

Part 2? #BulletinBoardHeroes highlights some of the most followed stocks on the small-cap in this charting update @ZaksTradersCafe G3 Exploration #G3E BullishGulf Keystone Petroleum #GKP Break OutHarvest Minerals #HMI New target?https://t.co/AR3RU1jgg2 via @Share_Talk https://t.co/j7Zqbu4LBd

[chinese_takeover] 06/6/2020 15:43

#GKPJune 2 handbrake released. https://t.co/OugnuA1lIf

[chinese_takeover] 06/6/2020 15:42

#GKP it's definitely in an agreed sale implementation agreement.Xtra Clause now inserted into staff options, specific to vesting, in the event of amalgamation vote at agm/SGM.So not today but ? ticking ever nearer for sure

[chinese_takeover] 06/6/2020 15:42

#GKP it's definitely in an agreed sale implementation agreement.Xtra Clause now inserted into staff options, specific to vesting, in the event of amalgamation vote at agm/SGM.So not today but ? ticking ever nearer for sure

[chinese_takeover] 06/6/2020 15:42

And the vaguely cerebral fraudster arrived lol

[broadford bay] 06/6/2020 15:40

Re Arctic:

as posted on the other board:
"...They consider that at a sustained $40 price, GKP “will be able to accumulate several times its market capitalisation in cash”".

Their arithmetic, or understanding of the PSC, is flawed.

Major investors pay more attention to using their own brains than to analysts such as Arctic and the small group of 24/7 lying rampers who are active here and on LSE.

[chinese_takeover] 06/6/2020 14:55

#GKP it's definitely in an agreed sale implementation agreement.Xtra Clause now inserted into staff options, specific to vesting, in the event of amalgamation vote at agm/SGM.So not today but ? ticking ever nearer for sure

[chinese_takeover] 06/6/2020 14:53

#GKPJune 2 handbrake released. https://t.co/OugnuA1lIf

[chinese_takeover] 06/6/2020 14:52

Part 2? #BulletinBoardHeroes highlights some of the most followed stocks on the small-cap in this charting update @ZaksTradersCafe G3 Exploration #G3E BullishGulf Keystone Petroleum #GKP Break OutHarvest Minerals #HMI New target?https://t.co/AR3RU1jgg2 via @Share_Talk https://t.co/j7Zqbu4LBd

[chinese_takeover] 06/6/2020 14:50

239,306 late reported buy at highest of the week 108.19

[chinese_takeover] 06/6/2020 14:49

Thick tony, personally I'm expecting $10-16/boe metricSo at £16-25Btw CT I base my sale price on 460m 2p reserves at $6.50 per reserve barrel.Thats around 3 bn dollars equals around 10.50 per share on current issue.Think they may cancel a few that would push it a bit higber

[chinese_takeover] 06/6/2020 14:49

Courtesy of surreyscot on LSE."BROKERS.Arctic Securities published, late on Wednesday, a positive “BUYâ€? broker note on GKP.They describe the company as “Our preferred Kurdistan exposureâ€? with a Base Case Net Asset Value of £3 a share. This NAV figure is then discounted because of operational gearing and lack of payment certainty, to give a current target price of £1.90 a share. They say that the operational gearing would make the company “a relative winnerâ€? with a Brent price above $40 per barrel, making risk/reward “attractiveâ€?. They consider that at a sustained $40 price, GKP “will be able to accumulate several times its market capitalisation in cashâ€?.The share price was 76.3p when Arctic published their note, and it has significantly strengthened since then. The covering analysts are all saying pretty much the same thing: that GKP is substantially underpriced and offers a significant level of upside.I would imagine that the major investors pay more attention to the analysts than the small group of 24/7 trolls who are active on here and ADVFN.IMO"

[chinese_takeover] 06/6/2020 14:49

New positive avatars appearThe fraudsters get into them Lol

[kcowe] 06/6/2020 14:02

why do you care ?

[bigdog5] 06/6/2020 13:52

Could it be that Artic have been left out in the cold as regards what is the reality and actually happening at the "coal face". Could it be that also applies to the major investors?

I believe everyone should be aware that Carroll, aka the troll from Stockport, just posts lies under all his multi avatars. There was never going to be any takeover.

The share price which follows the Brent oil price is now looking extremely over cooked based on the reality of the company's position.

[bigbigdave] 06/6/2020 13:43

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