Gulf Keystone Petroleum Share Discussion Threads

[chinese_takeover] 08/6/2020 13:28

Artic Securities currently estimate, in their Base Case, that GKP will have accumulated $0.8 billion cash by 2026. They also estimate that GKP total assets, at the end of 2020, will be $650 million.This represents a very strong position. The current Brent price has returned GKP to profit. The company has announced on its new website that PF-1 and PF-2 will offer a combined production capacity of 55,000 BOPD by Christmas 2020. ( yes we all know its behind projections)Shaikan is a giant, largely undeveloped oilfield with multiple stacked reservoirs in an anticline as big as Greater London. The KRG see it as a key strategic asset, the development of which is for a major or Joint Venture . Its way way out of GKP’s league They do not have the resources .IMO

[chinese_takeover] 08/6/2020 13:28

It's wake up time on the Eastern coast....Yankee Doodle con artistBigDog

[bigdog5] 08/6/2020 13:28

When's Urals/chinese next prediction of an "imminent takeover" happening now?

[bigdog5] 08/6/2020 13:26

What shareholders mustn't forget is that these are the facts versus Urals/Chinese/1712/111notout's BS.

From the website. "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%".

You're welcome.

[chinese_takeover] 08/6/2020 13:25

Artic Securities currently estimate, in their Base Case, that GKP will have accumulated $0.8 billion cash by 2026. They also estimate that GKP total assets, at the end of 2020, will be $650 million.This represents a very strong position. The current Brent price has returned GKP to profit. The company has announced on its new website that PF-1 and PF-2 will offer a combined production capacity of 55,000 BOPD by Christmas 2020. ( yes we all know its behind projections)Shaikan is a giant, largely undeveloped oilfield with multiple stacked reservoirs in an anticline as big as Greater London. The KRG see it as a key strategic asset, the development of which is for a major or Joint Venture . Its way way out of GKP’s league They do not have the resources .IMO

[chinese_takeover] 08/6/2020 13:25

30-40 for me Thick Tony Agree broadly Thick TonyBut I anticipate a sale at $6-10bn21-35 pounds if the shares in issue stay as they are.More if they are reduced.At 256p ceo makes a big fat ZERO..... 2 chances of that slim and none, and slims left town.Takeover will be minimum #$2.5bn which is a giveaway $5/boe£8.75Ceo would make about £20mDefinitely double figure pounds but not over 20 imo

[chinese_takeover] 08/6/2020 13:25

#GKPused @MemeryCrystal for a decade Middling firm, division 1 ranked below 100th in UKFunnily enough they instructed @HSFlegal last Yr. Former 'magic circle' ranked 9 in UK, 27 GLOBALLY Wonder why they suddenly needed heavyweight Premier league?SOLD TBA https://t.co/jO95bLrG9m

[chinese_takeover] 08/6/2020 13:25

It's wake up time on the Eastern coast....Yankee Doodle con artistBigDog

[bigdog5] 08/6/2020 13:24

But its good to see all the clueless rampers getting excited again because they now have their penny share back.

Its going to be very interesting watching how much oil will be required when the planet goes into the greatest recession its ever experienced.

But whatever happens the company will no doubt be the charity of choice for the hosts.

[chinese_takeover] 08/6/2020 13:22

#GKPused @MemeryCrystal for a decade Middling firm, division 1 ranked below 100th in UKFunnily enough they instructed @HSFlegal last Yr. Former 'magic circle' ranked 9 in UK, 27 GLOBALLY Wonder why they suddenly needed heavyweight Premier league?SOLD TBA https://t.co/jO95bLrG9m

[chinese_takeover] 08/6/2020 13:21

30-40 for me Thick Tony Agree broadly Thick TonyBut I anticipate a sale at $6-10bn21-35 pounds if the shares in issue stay as they are.More if they are reduced.At 256p ceo makes a big fat ZERO..... 2 chances of that slim and none, and slims left town.Takeover will be minimum #$2.5bn which is a giveaway $5/boe£8.75Ceo would make about £20mDefinitely double figure pounds but not over 20 imo

[chinese_takeover] 08/6/2020 13:21

Artic Securities currently estimate, in their Base Case, that GKP will have accumulated $0.8 billion cash by 2026. They also estimate that GKP total assets, at the end of 2020, will be $650 million.This represents a very strong position. The current Brent price has returned GKP to profit. The company has announced on its new website that PF-1 and PF-2 will offer a combined production capacity of 55,000 BOPD by Christmas 2020. ( yes we all know its behind projections)Shaikan is a giant, largely undeveloped oilfield with multiple stacked reservoirs in an anticline as big as Greater London. The KRG see it as a key strategic asset, the development of which is for a major or Joint Venture . Its way way out of GKP’s league They do not have the resources .IMO

[chinese_takeover] 08/6/2020 13:21

It's wake up time on the Eastern coast....Yankee Doodle con artistBigDog

[bigdog5] 08/6/2020 13:19

Where's the Urals/Chinese/steep/1712/111notout/multiple names "Imminent takeover" then? Clearly not happening as the "good guys" keep telling you.

Merger or a WZR wipeout? Is the operatorship safe?

Where is the "250k" a day agreement with Baghdad that was sorted weeks ago?

Stacked reservoirs, lol, most of which they can't risk going to. h7 early again today, perhaps carrying the paper bag is now too heavy for him.

But its a good story that keeps the troughers happy innit:-)

[chinese_takeover] 08/6/2020 13:14

#GKPused @MemeryCrystal for a decade Middling firm, division 1 ranked below 100th in UKFunnily enough they instructed @HSFlegal last Yr. Former 'magic circle' ranked 9 in UK, 27 GLOBALLY Wonder why they suddenly needed heavyweight Premier league?SOLD TBA https://t.co/jO95bLrG9m

[chinese_takeover] 08/6/2020 13:14

Artic Securities currently estimate, in their Base Case, that GKP will have accumulated $0.8 billion cash by 2026. They also estimate that GKP total assets, at the end of 2020, will be $650 million.This represents a very strong position. The current Brent price has returned GKP to profit. The company has announced on its new website that PF-1 and PF-2 will offer a combined production capacity of 55,000 BOPD by Christmas 2020. ( yes we all know its behind projections)Shaikan is a giant, largely undeveloped oilfield with multiple stacked reservoirs in an anticline as big as Greater London. The KRG see it as a key strategic asset, the development of which is for a major or Joint Venture . Its way way out of GKP’s league They do not have the resources .IMO

[chinese_takeover] 08/6/2020 13:13

Agree Buy & Hold is the only game in town right now, follow the major institutional accumulation thats going on. They were not selling even at 0.473. They just increased their holdings big style :-)

[chinese_takeover] 08/6/2020 13:13

30-40 for me Thick Tony Agree broadly Thick TonyBut I anticipate a sale at $6-10bn21-35 pounds if the shares in issue stay as they are.More if they are reduced.At 256p ceo makes a big fat ZERO..... 2 chances of that slim and none, and slims left town.Takeover will be minimum #$2.5bn which is a giveaway $5/boe£8.75Ceo would make about £20mDefinitely double figure pounds but not over 20 imo

[mcfly02] 08/6/2020 13:12

All as can say is that it must be a very cheap night out when Paul goes out with his mates lol.

In real news.

Coronavirus: BP plans to cut 15% of global workforce due to drop in demand
hxxp://news.sky.com/story/coronavirus-bp-plans-to-cut-15-of-global-workforce-due-to-drop-in-demand-12002840

[pensioner2] 08/6/2020 12:54

That tantalising mini gap of .2p is still there. Will they regard it as closed or will they try again?

[steephill cove] 08/6/2020 12:53

Big order gone in & they are dropping it for mates rates...

[chinese_takeover] 08/6/2020 12:44

Iq and BMI Very good :)

[steephill cove] 08/6/2020 12:39

Who to believe? Major institutions or Stuck in the 80s (IQ & BMI) McFly? Its a tough call :-)))))

[steephill cove] 08/6/2020 12:37

Buy & Hold is the only game in town right now, follow the major institutional accumulation thats going on. They were not selling even at 0.473. They just increased their holdings big style :-)

[steephill cove] 08/6/2020 12:33

I would not want to be driven out on a stop loss right now ;-)