Gulf Keystone Petroleum Share Discussion Threads

[kurdman63] 09/7/2021 09:45

Good Morning 😃

Late night last night.

A question that remains unanswered ???

Production to PF2.

Why haven't the wells on the eastern side of the field been worked over ???

Why are they so tightly choked back ???

Why isn't there a more extensive work program for these wells ???

SH10 and 11 to have pumps fitted and they've been reduced in size. With the cost of a workover rig costing so little why haven't they got one in sooner ???

Look at the production increase at SH1 😱

It's quicker to workover than drill new wells and cheaper and think of all that extra production going to a PF with the spare capacity.

Just by increasing each well by 2k just think of that extra cash.

So why haven't they done it ???

The rigs are available I've checked.

They have plenty of cash to pay for it.

Check the company's old news releases and wording !

ACTIONS SPEAK LOUDER THAN WORDS !

[mrtoddkozel] 09/7/2021 09:43

It also started soon after the first div payment and BEFORE the 2ndMonday very likely.

[pensioner2] 09/7/2021 09:31

Algos sweating their little socks off again. So early in the day says they want to keep it around here for a while. The first buyback programme started around early July 2019 and, interestingly, around 180p.

[mrtoddkozel] 09/7/2021 08:27

Hold BUY as MANY MORE AS more as you can. Buy Back announced MONDAY? Can't be far away. Perella Weinberg BOSSING the end game..... COMPANY buying + PREDATORS , plus MAJOR SHAREHOLDERS With zilch free stock super low liquidity, and LTH and HNWI also reinvesting divs, too.A huge squeeze NORTH forcing PRICE up , ultimately FORCE a bid the BOD is, prepared to   ACCEPT , and RECOMMEND or....... if NOT it has to go HOSTILEWhich will be nice :)

[mrtoddkozel] 09/7/2021 08:17

LOLWe are very close

[mrtoddkozel] 09/7/2021 08:15

15 mins 9 p spread24 traded

[steephill cove] 09/7/2021 08:00

PS:- Barclays sits at no 10 ;-)

Ranking Investor Name %

1 Lansdowne Partners 15.22
2 Hof Hoorneman 11.04
3 UBS Group AG 7.04
4 BlackRock Inc 5.05
5 Mr Gertjan Koomen 4.71
6 Hargreaves Lansdown PLC 4.23
7 Dimensional Fund Advisors 3.56
8 Interactive Investor Trading 3.44
9 Precision Capital 2.93
10 Barclays Bank 2.62

[steephill cove] 09/7/2021 07:55

There will be more reinvested dividend buying from today onwards, when some major high street banks finally pay theirs to GKP PIs, as the banks make PIs wait 5 working days to receive them first.

I would hazard a guess that a good chunk of GKP PIs have some of their holdings in major high street bank investment ISAs ;-)

[highlander7] 09/7/2021 07:13

Steep, its their usual trick to put off potential new investors and stop current ones buying GKP shares with their dividends. Not a single link to any of this rubbish to be seen .

[highlander7] 09/7/2021 06:00

Matt Levine .....Bloomberg

Under intense pressure from investors and activists to take more action on climate change, some of the world’s biggest oil and gas companies are putting billions of dollars’ worth of assets up for sale.

Watching from a distance are people like Brian Gilvary, the head of Ineos Energy, an arm of the private UK chemicals company. As many energy companies try to shift from oil to gas and lower carbon technologies, Ineos is buying up unwanted fossil fuel assets.

“We have an appetite to acquire,” says Gilvary, the former chief financial officer at UK energy major BP who joined Ineos in December. In March, the company announced it would acquire Hess Corporation’s oil and gas assets in Denmark for $150m. …

Despite the intense spotlight on the energy sector, there are potential buyers for these assets — from smaller private players such as Ineos, independent operators who are backed by private equity, opaque energy traders and STATE OIL COMPANIES . And while the listed oil majors are announcing net zero plans and a downsizing of their traditional businesses, some state-owned companies and producer economies, such as Saudi Arabia, are openly discussing plans to raise production.

[gkpinvestor] 09/7/2021 01:04

Night shift 💤

[steephill cove] 09/7/2021 00:59

The GKP Double Dividends, the first of which was paid 7 days ago & the second which will be paid in 28 days time (just 35 days apart) will be reinvested by myself into free GKP shares to grow my stake further.I am also looking forward to the GKP share buyback of upto 10 percent of all outstanding GKP shares, which will then be retired by the company, to grow my portfolio value further.It is not rocket science...I merely follow the lead of the huge institutions continually buying; holding & increasing their percentage stakes in GKP.I also follow the lead of the current GKP Board Directors who are insiders & have bought GKP shares.I also follow the lead of the ex CEO & ex CFO of GKP who were insiders & chose to vest into GKP shares just a few days ago, rather than taking life changing tax paid lump sums of money instead.I now follow the lead of the new GKP CEO Jon Harris, who is a man on a mission to balance investment in growth together with returns to shareholders, as the board develop and realise value from the Shaikan Field for the benefit of all stakeholders.They all clearly think GKP are Golden Tickets & so do I ;-)

[steephill cove] 09/7/2021 00:54

Jon Harris the new CEO of GKP is clearly a man on a mission.That mission is to release the value in Shaikan & to increase the GKP SP, so that a hostile predator will have to pay fair market value.He set his stall out from the get go, with a personal Director share purchase of 30000 GKP shares @ 171p per share on 14/4/21 costing him 51165 pounds sterling.He put his money where his mouth was & immediately got skin into the game, no doubt influenced & advised too by fellow board members who had made astute GKP purchases in the prior year.Garrett Soden (Non Executive Director) who purchased of 70000 GKP shares @ 92p per share on 15/7/2020 costing him 64666 pounds sterling & Ian Weatherdon (CFO) who purchased 50112 GKP shares @ 80p per share on 1/5/2020 costing him 39989 pounds sterling.Jon Harris clearly saw value at 171p on 14/4/2021 & since then he has made fundamental decisions to drive the GKP share price forward.1). Announcement of Dividend.2). Announcement of Special Dividend.3). Announcement of GKP share buyback of upto 10 percent of all stock, which will be retired from the marketplace.4). Restart of GKP upgrade to 55000 BOPD.5). Bringing forward the delivery timeframe of the GKP BOPD upgrade.6). Set out his intention to accelerate the timeframe of the GKP Field Development Plan & the move to 75000 & then 110000 BOPD.As a result GKP are now firmly in the shop window.It is my belief that GKP have been carefully advised by Perella Weinberg & in particular Daniel Yergin, because GKP is clearly The Prize in Kurdistan.A Supergiant onshore oilfield with one of the lowest lifting costs per barrel on the planet, namely $2.5 to $2.9/bbl gross unit Opex.Indeed Perella Weinberg have a direct link with their former employee, Gabriel Papineau-Legris sitting as CCO sitting inside the GKP boardroom, (which ironically GKP do not openly state this link, in their Board & Management Senior Management biography for him on the company website).International Oil Companies hands are being forced through competitive pressure & now they know it.Peel Hunt setting a GKP buy target of 275 per share on 11/6/2021 is merely the opening gambit in the start of an overall GKP rerating. IOCs have two clear choices.Right now, they will have to pay a more appropriate rate for every GKP share they purchase daily on the sly, via a Concert Party approach & they will need to accelerate those GKP share purchases more quickly.Or they delay & the overall cost of taking out GKP at a later stage will become far greater, through points 1 to 6 above, being underpinned by a rising oil barrel price & an ever tightening oil supply, as the world begins to start to unwind out of the COVID19 pandemic. Former Senior GKP Board Members, have the inside track.Their recent individual actions underpin the above.Jon Ferrier ex CEO GKP (999453 GKP shares) now owns 0.46 percent of GKP.Sami Zouari ex CFO GKP (861162 GKP shares) now owns 0.40 percent of GKP. A hostile predators hand is being forced & that is another 0.86 percent of GKP, that will be safely held & they will not prise out until takeover.Ex GKP CEO Jon Ferrier & ex GKP CFO Sami Zouari, were never really known for their urgency with GKP, but both have all of a sudden vested & taken GKP shares rather than huge personal tax paid cash windfalls.They know things are hotting up.New CEO Jon Harris has taken very positive steps, providing strategic clarity through visible leadership & first class communication press releases, that are clear & easy to understand.PI investor confidence is returning & the GKP story is about to play out, before our very eyes to a successful conclusion.

[steephill cove] 09/7/2021 00:52

GKP retested 200p + after a 52 week high at 202.5p and it is now a bull flag breakout targeting 300p ;-)

[steephill cove] 09/7/2021 00:51

Van Lanschot (Hof Hoorneman) & UBS, now 2nd & 3rd in GKP major shareholders ;-)Is it time to start joining up the dots...Van Lanschot the oldest Dutch & Benelux Financial Institution purchased Kempen & Co, who were established in 1903 & used to operate in the Dutch East Indies...Van Lanschot also purchased UBSs Dutch Wealth Management business in 2017...On 15/1/2021 Van Lanschot took over Hof Hoorneman...Van Lanschot Kempen (Hof Hoorneman) & UBS are actively acquiring GKP stock...Maybe I need to watch The Prize again...Alternatively, I could just enjoy a run over the Seven Sisters...

[steephill cove] 09/7/2021 00:51

Ranking Investor Name %1 Lansdowne Partners 15.222 Hof Hoorneman 11.043 UBS Group AG 7.044 BlackRock Inc 5.055 Mr Gertjan Koomen 4.716 Hargreaves Lansdown PLC 4.237 Dimensional Fund Advisors 3.568 Interactive Investor Trading 3.449 Precision Capital 2.9310 Barclays Bank 2.62

[kurdman63] 09/7/2021 00:45

"Your views are filtered by LTH PIs of note & all we see is blank & if you think institutions read this thread & you can influence them, you are deluded"

I'm meeting one of top five shareholders next week.

I'll pass on your regards lol.

[steephill cove] 09/7/2021 00:37

Same old same old. Just before everyone goes to bed, it becomes tw@t attack on the GKP thread, leaving 4 or 5 deramping posts, in the hope that serious investors & institutions read this thread in the wee hours & are put off

They do not & they are not.

Your views are filtered by LTH PIs of note & all we see is blank & if you think institutions read this thread & you can influence them, you are deluded.

The fact is they continually GROW & INCREASE their HOLDings ;-)

[bigdog5] 08/7/2021 23:38

That's to be expected habSCUM for the simple reasons that you don't understand how the PSC works, that it's extremely penal and favours the hosts massively.

That and of course the fact that you're unable to challenge the post with your usual fantasy BS excuses.

The Insti's plus other major shareholders could well have been instrumental in the decision taken to have another buyback and double divis. Its obvious from the various actions they've taken that they're very unhappy with the lack of progress, whatever the excuses, over the past five years since the restructure. They've seen other Insti's dump their shares at prices similar to the current one years ago and I would expect they're very annoyed they didn't dump at £3 when they had the chance.

I doubt they will make the same mistake again and could well take a lot less next time notwithstanding any new hype and spin that gets announced.

[broadford bay] 08/7/2021 23:24

We don't know if or for how long the high POO will last.
And we also don't know if the company's leading lights even have the guts to stand up to the KRG for another 10-15 years should that cost recovery scenario be achieved in the timeframe I mentioned.

However it plays out, it needs some good minds being applied and some cojones too.

AS I said, time's a passin...

[nobull] 08/7/2021 22:06

An excellent post (#634957) Broadford Bay, although I don't like the implications of it.

Yes, it is sobering that for all the work we do and for all the risks we take, once we have depleted the cost recovery pool, or even when the R rate falls to its lowest, making the contribution from cost oil much less significant, we end up close to giving away around 85% of the oil value produced to the KRG.

Paul Carrol, and all your 150 incarnations: is the maths a bit 'pseudy' for you?

[kurdman63] 08/7/2021 21:59

Good Evening Jamie 😃

That would tie in with some of the current chatter I'm hearing, I don't think they will go past 55k without an attempt to push them out for peanuts.

[nestoframpers] 08/7/2021 21:56

55 k a day will be achieved early.End of October imo, Ultra Conservative this lot, managing expectations