Gulf Keystone Petroleum Share Discussion Threads

[chinese_takeover] 08/6/2020 20:26

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 20:26

#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] 08/6/2020 20:25

Thanks thick tony "At that metric 35-40 pounds per share" GKP how much would IOC pay to gain giant field (in production) 460m 2p reserves+ 190m 2c resources (at stroke of FDP signature they = 2p )?I'll answer that for you, average $15/barrelWhat sort of takeover valuation would that provide?Btw it is a nailed on T/O, just TBA

[chinese_takeover] 08/6/2020 20:25

#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

[mcfly02] 08/6/2020 20:23

HabscamPaul 🤡

Calling me a bonehead lol.

[jackpotjack] 08/6/2020 19:49

Hi, Where do we see proof of the extra clause inserted?

[habshan] 08/6/2020 19:30

Bigdog - "I'm well in front of you in terms of what the problems are with the field, always have been.
Ever considered the Insti's really don't understand the issues? Or have been advised of them?"

"OR HAVE BEEN ADVISED OF THEM"

Not only is what you say such complete drivel that it doesn't make any sense to anybody Bigdog, but I find it very hard to believe that you even comprehend the implications of what you say:-

"On 7 October Gareth Bailey, former Financial Director, and Carl Rigby, former Chairman and CEO, of software company AIT Group Plc received custodial sentences of 2 and 3½ years respectively for releasing a misleading trading update to the market. The prosecution was instigated by the FSA under section 397 Financial Services and Markets Act 2000 (FSMA).

Under the section it is an offence for anyone to make a statement, promise or forecast that is designed to induce someone else to buy or sell shares if the person making the statement either knows it to be misleading, false or deceptive in a material particular or is reckless as to whether it may be. On indictment, the maximum sentence is seven years imprisonment."

You might think that our Chairman Jaap Huijskes, CEO Jon Ferrier and Board of Directors would risk their reputations careers and jail time by witholding material price sensitive information such as "problems with the field" from the market but I don't.

You're just another boneheaded fantasist like Oilman aren't you Bigdog.

hxxps://www.cms-lawnow.com/ealerts/2005/10/directors-jailed-for-making-misleading-statement-to-the-market?sc_lang=en

[urals] 08/6/2020 18:58

#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

[urals] 08/6/2020 18:56

Thanks thick tony "At that metric 35-40 pounds per share" GKP how much would IOC pay to gain giant field (in production) 460m 2p reserves+ 190m 2c resources (at stroke of FDP signature they = 2p )?I'll answer that for you, average $15/barrelWhat sort of takeover valuation would that provide?Btw it is a nailed on T/O, just TBA

[urals] 08/6/2020 18:55

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

[urals] 08/6/2020 18:55

#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

[urals] 08/6/2020 18:55

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

[soho2] 08/6/2020 18:55

Precisely. Brent is down big time at the moment, this will go sub 100 tomorrow... there won't be any TO for a while...

[urals] 08/6/2020 18:54

HCL irrelevant.In fact it's in Kurdistan best interests for ownership to change pre any HCL. If there ever is one.

[nestoframpers] 08/6/2020 18:49

I suspect the buying is very controlled as the sharks know just how long they have got , the news waiting in the wings , and it will not be a TO , not before HCL is ticked off. News will be CPR 3 and revised FP figs imo.

[nestoframpers] 08/6/2020 18:44

Any late trades reported ?

[urals] 08/6/2020 18:23

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

[urals] 08/6/2020 18:22

#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

[urals] 08/6/2020 18:22

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

[soho2] 08/6/2020 18:19

So many ignorant idiots ...so glad I filtered most of those loser. You really have to laugh at their valuation ....

[habshan] 08/6/2020 18:14

Bigdog - "Ever considered the Insti's really don't understand the issues? Or have been advised of them?"

So you think that the finest financial brains on the planet who issue research notes and invest in the Oil & Gas sector, such as those at Berenberg and the other Institutions that are invested in GKP, do so without researching their target Company and are unable to understand the issues.

Let me tell you what I think Bigdog.

I think you're an idiot.

[highlander7] 08/6/2020 17:58

Correct B2B the O & G Industry is cyclical and runs through regular cycles of boom then bust. It was in a down cycle in any case before COVID 19. All that did was add to the "down".

Every bust is always exactly the same. Massive cuts in expenditure , all projects cancelled , or put on hold . A complete over reaction. Then once the OP starts to rise (as it will ) we get a panic to re invest , buy assets and M&A.

This one will be no different once the current global re balancing among the producers is finalised.

All we have to do is wait. Its enevitable , in spite of all the troll BS.

[urals] 08/6/2020 17:48

Demand is slowly picking up, supply is dropping, investment has been seriously lacking in the O&G industry since late 2014 when crude prices plummeted, lost production cannot be easily restored in an investment lacking environment, and O&G still have no viable alternatives, at least for many many years to come! Hence, I can only see higher and higher crude prices and resulting GKP share price (which is currently trading way below fair value) here going forward overtime.

[urals] 08/6/2020 17:48

#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

[urals] 08/6/2020 17:48

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