Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 28/8/2020 13:15

"without CV19 GKP would be at 280p + imo"

Only in your delusional fantasy world thicko.

If it weren't for the slight oil price recovery propping it up the share price would be 50p.

[0ili0] 28/8/2020 10:24

I don't think mcfly02 sanitises before she log in.

[mcfly02] 28/8/2020 09:41

And you don't understand the bigger picture 🤷‍a94;️

[jackpotjack] 28/8/2020 06:36

This is old news Mcfly... below from June 20."In response to the lower oil prices and deferred payments, we implemented steps to reduce expenditures including shutting-in uneconomic production from the Banan field, reducing personnel costs and limiting near term capital expenditure activity," said Oryx's CEO Privately owned Zeg, based in Kurdistan, had owned 22% of Oryx. It has reached an agreement with AOG to buy shares and warrants, increasing its stake for around $16.4mn. This deal should close in the third quarterDoesn't seem to be a huge player or large value sale.

[gkpinvestor] 27/8/2020 23:00

I don’t like new avatars.

[nestoframpers] 27/8/2020 21:37

Monthly chart with vols is interesting



without CV19 GKP would be at 280p + imo.

[whynow] 27/8/2020 21:35

So much effort, whynow?

[mcfly02] 27/8/2020 20:15

hxxps://www.globenewswire.com/news-release/2020/06/22/2051434/0/en/The-Addax-and-Oryx-Group-PLC-and-Zeg-Oil-and-Gas-Ltd-Announce-Definitive-Agreement-for-Zeg-to-Acquire-Control-of-Oryx-Petroleum-Corporation-Limited.html

ST. JULIANS, Malta and ROAD TOWN, British Virgin Islands, June 22, 2020 (GLOBE NEWSWIRE) -- AOG Upstream B.V. (“AOG”), an indirect wholly-owned subsidiary of The Addax and Oryx Group PLC, and Zeg Oil and Gas Ltd. (“Zeg”) announced today that they have entered into an agreement (the “Purchase Agreement”) which provides for the acquisition by Zeg, and the disposition by AOG and certain of its affiliates, of an aggregate of 380,527,641 common shares (the “Acquired Shares”) in the capital of Oryx Petroleum Corporation Limited (the “Issuer”) for an aggregate purchase price of approximately US$16.4 million (approximately C$22.4 million) or approximately US$0.043 per Acquired Share (approximately C$0.058).

Immediately prior to entering into the Purchase Agreement, Zeg owned 119,625,033 common shares in the capital of the Issuer (“Shares”;), representing approximately 22% of the issued and outstanding Shares, and AOG and its affiliates owned 370,279,591 Shares, representing approximately 67% of the issued and outstanding Shares. As a result of the transactions contemplated by the Purchase Agreement, certain Shares that are currently unvested under the Issuer’s long term incentive plan (the “LTIP Shares”) will vest, including 10,248,050 LTIP Shares that will be issued to one of the vendors. These Shares will be included in and form part of the Acquired Shares.

Concurrent with the acquisition of the Acquired Shares from AOG and certain of its affiliates, Zeg has agreed pursuant to the Purchase Agreement to purchase from AOG 39,281,804 warrants to purchase an aggregate of 39,281,804 Shares (the “Acquired Warrants”) at exercise prices ranging from US$0.2094 (approximately C$0.2845) to US$0.1633 (approximately C$0.2219) per Share, for an aggregate purchase price of approximately US$4,000 (approximately C$5,400) or US$0.0001 per Acquired Warrant (approximately C$0.0001).

Immediately following the closing of the transactions contemplated by the Purchase Agreement, including the vesting of the LTIP Shares, Zeg will own 500,152,674 Shares, representing approximately 89% of the then issued outstanding Shares and AOG and its affiliates will not own any Shares or securities convertible into Shares. After giving effect to the exercise of all of the Acquired Warrants, Zeg would own an aggregate of 539,434,478 Shares, representing approximately 90% of the then outstanding Shares.

Upon closing, it is anticipated that Jean Claude Gandur will resign from the Board of Directors of, and all other positions he holds with, the Issuer and its subsidiaries. The vacancy on the Issuer’s Board of Directors created by his resignation is anticipated to be filled in due course.

Closing of the acquisition of the Acquired Shares and the Acquired Warrants is expected to occur early in the third quarter of 2020 and is subject to customary closing conditions as well as the closing of the transaction announced today by the Issuer and AOG pursuant to which the outstanding amounts under the credit facility between a subsidiary of the Issuer, as borrower, and an affiliate of AOG, as lender, will be settled in full in consideration for the transfer to such affiliate of AOG of all of the issued and outstanding shares of OP AGC Central Limited.

The Acquired Shares and the Acquired Warrants are being disposed of by AOG to divest from exploration and production activities in Kurdistan and concentrate on exploration and production activities in the joint zone established by the Republic of Senegal and the Republic of Guinea-Bissau. The Acquired Shares and the Acquired Warrants are being acquired by Zeg for investment purposes. Zeg has no current intention to make an offer for, or otherwise acquire, the balance of the outstanding Shares. Zeg may in the future consider the appropriateness of such a transaction. Zeg may, from time to time, acquire additional Shares or securities convertible into Shares, dispose of such securities or continue to hold the securities of the Issuer.

Zeg is relying on the private agreement exemption contained in section 4.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids in connection with the acquisition of the Acquired Shares and the Acquired Warrants.

The Issuer’s head office is located at 3400 First Canadian Centre 350 - 7th Avenue SW, Calgary, Alberta.

[nestoframpers] 27/8/2020 18:52

Khanaqin is 40 km Nth East of Badghdad BTW.

[thicktony] 27/8/2020 14:23

CVX did allegedly offer in 2017And the board did turn it down$6bn allegedlyEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[thicktony] 27/8/2020 14:22

$20 + Boe 2p= Around $10bn=£38/share is the territory

[jackpotjack] 27/8/2020 14:22

Why would we increase to 55k with no stable payments?Stopping expansion makes good business sense when you have low debt and large cash pile in present market.Once previous monies due start to roll in then good to restart to 55k but not before.Good to understand why you think we should increase daily rate when past payments pending?

[thicktony] 27/8/2020 14:19

CVX did allegedly offer in 2017And the board did turn it down$6bn allegedlyEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[thicktony] 27/8/2020 14:18

$20 + Boe 2p= Around $10bn=£38/share is the territory

[bigdog5] 27/8/2020 13:57

Remember, Kozel always hoped to take the company private. Are there signs emerging that point to that possibility again?

Meanwhile the share price continues to fall and looks to be headed for where it ought to be bearing in mind the fabled 55k a day has disappeared and the reserves get less by the hour.

Btw, Stockport bores spouting about an offer is complete garbage for the simple reason he would have been the last to know and if it were fact the share price at that time would have shown all the evidence. Just more from his fantasy keyboard.

You're welcome.

[thicktony] 27/8/2020 12:57

CVX did allegedly offer in 2017And the board did turn it down$6bn allegedlyEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +

[thicktony] 27/8/2020 12:57

$20 + Boe 2p= Around $10bn=£38/share is the territory

[bigdog5] 27/8/2020 12:53

I remember Anastasia warning that the first CPR years ago would have to be explained due to the rather low "Kozel" numbers. They get lower by the hour.

I'm wondering what they will have to do to spin the numbers on any new one:-)

[bigdog5] 27/8/2020 12:45

nestoframpers26 Aug '20 - 22:58 - 611473 of 611488
0 1 0

"Who'd want to be CEO when the curtain has to be withdrawn to reveal the deception that has gone on ,"

LOL. Exactly.

[thicktony] 27/8/2020 12:42

CVX did allegedly offer in 2017And the board did turn it down$6bn allegedlyEquivalent to £21 a share...Imo it will go to a consortium with the Chinese leading party£35 +