Gulf Keystone Petroleum Share Discussion Threads

[urals] 19/6/2020 14:13

PensionerNote he hasn't been put on board formally yet.....Funny that

[pensioner2] 19/6/2020 14:10

It means all shareholders get a slightly larger piece of the cake (including the big boys). Are they going to take it private at a massive premium to the last 3 months vwap? Their new board appointment looks as though they're going to become activist. A few new questions have arisen now imo.

[highlander7] 19/6/2020 14:06

Thanks Urals , Im glad somebody on here ( apart from Habshan and myself) actually knows what they are talking about.

[highlander7] 19/6/2020 13:57

McFly02:- I repeat 2 years. Well that's what they told the staff they sacked.


(1) They were laid off - not sacked.
(2) All Project work is carried out by 3rd Party Contractors in any case NOT GKP staff
(3) Project work is ongoing not postponed for 2 years as this idiot told us.

He just soaks up any old nonsense they tell him.

[highlander7] 19/6/2020 13:54

Can one of you Corporate Finance guys explain what this actually means to Shareholders ?

[pensioner2] 19/6/2020 13:51

Steephill Cove19 Jun '20 - 12:21 - 608202 of 608209
0 6 0
McFly02:- I repeat 2 years. Well that's what they told the staff they sacked.

Thats his Goatcam gone for a burton!

Comedy Gold :-)
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They won't fire goatscam, sc. He's too valuable for misleading the trolls.

[urals] 19/6/2020 13:47

That increases sale proceeds and /or div payout by 8.5%

[habshan] 19/6/2020 13:37

The Company bought $50 million worth of shares which have been held in treasury. According to this, courtesy of Nobodyspecial on LSE, all but a small number of those shares are to be cancelled.

IW - “And then the final question that I have is “Can you explain how purchases of GKP shares at times of high oil prices for holding in treasury, are at low, at times of low oil prices value accretive to shareholders?”

Since the last AGM we’ve returned $50m to shareholder by way of share buy backs. We actually preserved those shares in treasury for the purposes of settling potential obligations related to the Value Creation Plan. As you’re all aware that vesting did not happen in the April May timeframe, so as a result we’re going to now move to cancel all but a small amount of those treasury shares”.

[urals] 19/6/2020 13:35

Gulf Keystone currently has 19,059,064 common shares held in treasury. The Company has resolved to cancel all treasury shares, save for 1,000,000, which will be used to satisfy historical vested share options.  The Company continues to have 210,370,502 common shares in issue with voting rights

[urals] 19/6/2020 13:34

I think we'll see a possible div then sale very shortly now.Cancelled 18m shares...Nice.

[urals] 19/6/2020 13:32

WowCancelled all Treasury shares bar 1m.

[highlander7] 19/6/2020 12:46

Dont worry SC he will go back and edit that post.

Like he does with the rest.

LOL

[chinese_takeover] 19/6/2020 12:43

What's 2 years steep hill,??

[steephill cove] 19/6/2020 12:21

McFly02:- I repeat 2 years. Well that's what they told the staff they sacked.

Thats his Goatcam gone for a burton!

Comedy Gold :-)

[pensioner2] 19/6/2020 11:38

Looks like a good share price day today. 1M by 12.00 and some big buys (transfers) gone in.

[shortsqueezer] 19/6/2020 11:28

Nest it's amazing! We normally drop !

[nestoframpers] 19/6/2020 11:27

Up 2% what a roaring success the AGM was.

[chinese_takeover] 19/6/2020 10:54

Agree Thick TonyJune receipt for May sales average Brent 29.38At 36k, should rec about 9m gross 7.2m netJuly receipt should be a lot higherI'd have July receipt at about 20m gross 16m net if Brent averages 40, its 42.5 currently

[chinese_takeover] 19/6/2020 10:54

Agree Thick Tony, might be a hostile takeover intervention after all.Meanwhile the cash pile rises Looks like with 30% cost cuts they wlll make good money at only 31 dollar Brent, so cash pile will increase.Lansdowne a major shareholder who have recently increased stake, are managing the funds on behalf of?That looks to be Lundin Group given they putting their man on board.Astaris the other largest shareholder,is another capital management Co, who sits behind them?Is this friendly or a competition.Interesting.

[chinese_takeover] 19/6/2020 10:53

Intriguing Thick Tony ,Lundin via Lansdowne, recently been building stake higher put man on board , who is behind Astaris the largest holder also building stake ,and of course who owns the AWOL other 25% plus ?