Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 22/11/2021 11:36

Is it all about the barrels that no one can find because they don't exist or the known unknowns or unknown unknowns or the known knowns?

But as long as there are excuses and divis and its only taken 12 years so far all is just fine innit.

£4.60 down to 1.9p after 12(14) wells, 12 years and tons of ramping says it all.

Get the Penge street gang back on the job, they don't make the rampers like they use to:-)

[bigdog5] 22/11/2021 11:26

Wasn't the 55k a day predicted to be achieved by the "experts" by end of 2017 tops?

Wasn't it only going to require a few ESP's, debottlenecking and a well?

Field performing as expected is it?

[officerdigby] 22/11/2021 11:22

Big dog is inna retirement home in USA..His post was in the middle of night.. trouble sleeping with wee-wee issues no doubt.GKPI likes meeting-up in London for good time chats though YMMV.

[bigdog5] 22/11/2021 10:50

Is there summat going on then pensioner? Have your Doji's crossed over your candles?

Expensive? What at 1.9p, yeah that real expensive innit, lol several times.

[pensioner2] 22/11/2021 09:48

Yep. They're having to pay more to get 'em back. :-)

[attyg] 22/11/2021 09:44

"Goldman calls oil's recent fall excessive"

Beernut, never mind the oil price, what about GKP sp!

If we take the last receipt - $28m increase by 20% (planned increase in GKP production) multiply by 12 months we arrive at receipts of $400m (minimum) in 2022.
Our mkt cap is presently £400m ($1.35 to £1) and that includes net cash of what ~£100m.

Now a great amount of cash receipts actually is simply positive cash flow (ignore depreciation and amortisation).

So we are presently valued at near enough positive cash flow for the next year.

Now that's what I call undervalued.

[pensioner2] 22/11/2021 09:29

Looks like redeeming those short positions might get expensive.

[daniel levi bmd] 22/11/2021 09:22

FYI:

'The 3 Israeli's. The ADVFN Takeover Is On! £4?

ADVFNers! We're being Taken Over

Dan
x

[attyg] 22/11/2021 09:20

Quite interesting article below with some views on the likelihood of US releasing reserves onto the market.
This is a game of bluff.

China may release some more and Japan may release some – but who will benefit? The Chinese and Japanese domestic markets only? No. The world market prices as we see are falling back. So their actions are benefiting the US as well as the ROW, rather altruistic of two countries while dissipating their own strategic oil reserves.

However, releasing strategic oil reserves has a diminishing one-off impact and like the nuclear deterrent is so much better as a threat than to actually do it. Releases of reserves are for political reasons. How much does China want to help the US when Biden is being quite forceful against China’s expansionist plans.

How easy will Biden find it to gain Republican support to release strategic oil reserves when pushing back on US oil companies?

The balancing act does not go away, it only gets harder unless OPEC+ cave in and produce more. But what if Russia and the rest of OPEC+ play hard ball and cut back on the extra 400k barrels. Now we have a game of short term bluff.

OPEC+ may conclude this is a last hurrah for oil – lets cash in on the high prices rather than pump for all its worth. The OPEC+ countries have always overstated their oil reserves as production quotas are based upon these self certified reserves. Just how much “spare” capacity there is, is not clear. Investment has been reduced for several years, the oil fields are no longer owned by BP, Shell, Exon etc but are operated under production sharing agreements. Just how able is the infrastructure to ramp up production to accommodate Biden etc. I guess we will never know. However, I remain of the view that $70+ per barrel is much greater than oil at less than $70.

Last throw of the dice by political leaders to get the oil price down.



By Elizabeth LowBloomberg
Published On 22 Nov 2021
Oil extended declines — after four weeks of losses — on signs the U.S., China and Japan are all preparing to tap national crude reserves as concerns over accelerating inflation intensify.
Futures in New York fell below $76 a barrel after losing almost 6% last week. U.S. President Joe Biden has been talking about a possible release from the Strategic Petroleum Reserve for several weeks, and the Yomiuri newspaper reported over the weekend that Tokyo may make a joint announcement on the issue with Washington as soon as this week.
China indicated last week that it was working on another sale from its national inventories.
The return of virus restrictions in Europe, meanwhile, suggests there could still be a threat to global energy demand from a resurgent Covid-19. Austria goes into a full lockdown on Monday, while Germany and other nations are cracking down on the unvaccinated as cases spike.
Oil has fallen from a high in late October as speculation the U.S. and other countries would release reserves increased.
Any national sales will need to be pretty substantial to move prices further, with Goldman Sachs Group Inc. saying last week that the impact of around 100 million barrels of reserves auctions was already priced into the market.
An internationally coordinated release would, however, send a powerful message to the OPEC+ alliance, which has so far resisted calls to restore supply faster. Biden and Chinese President Xi Jinping talked about the merits of utilizing strategic reserves during their summit last week.
“The U.S. has been talking for a few weeks but they have done nothing,” said Vandana Hari, founder of Vanda Insights, referring to the release of strategic reserves. “The fact they did not do it at multi-year peaks is a sign they’re unlikely to make the move. Oil prices are sliding due to the outbreaks in Europe, that means pressure is already easing.”
Japan’s Oil Stockpiling Act doesn’t allow for the sale of reserves due to high prices, but both the government and the private sector currently hold more reserves than the minimum required under the law, according to the report in Japan’s Yomiuri newspaper, which cited government sources.
Tokyo is considering releasing part of these excess reserves, which it believes can be sold without breaching legal restrictions, it said.
SOURCE: BLOOMBERG

[shortsqueezer] 22/11/2021 08:42

Especially as an RNS is due to drop at any time now. Several in fact

[pensioner2] 22/11/2021 08:39

A lot of ammo thrown at this in 10k lots to take it down. It will all have to be bought back. The shorters might have called this wrong today with Brent hovering around $80. :-)

[habshan] 22/11/2021 08:04

"Then there's several articles predicting an oversupply of oil in the 1st Q of 2022 with many Non Opec members ramping up production."

You've clearly missed it Bigdog but that is why OPEC and the Russians started having monthly meetings to review the dynamics of suppy/demand in order to keep the market in balance and make adjustments to their supply accordingly.

Last year the Russians challenged Saudi's leadership and oil collapsed to $10 as a result, they won't be doing THAT again.

Prince Abdulaziz bin Salman - "We are the guardians of this industry".

To recover the situation OPEC+ cut supply by 10 million barrels a day and the oil price quickly recovered, they are currently releasing 400kbpd of that back into the market every month so they could just stop that for starters.

Do you remember saying this Bigdog - "the oil price is going to stay low for a very long time." "The World is heading into a massive Recession and demand for oil may not return to pre virus days."

Well since you said that the oil price has gone up by 800% so I don't think any of us will be paying too much attention to your opinions on where the oil price will or won't be going.

Better if you just leave it to those who understand it all much better than you do Bigdog.

[bigdog5] 22/11/2021 00:13

I know you don't like me telling you Sbb1x but you were saying several months back along with that moron habSHAM, he of the deluded and BS excuses, that by Summer the OP would be at $100 and that the company would be pumping 55k a day.

However should the share price drop to 1.6p at least that would represent a much truer current value imo.

Then there's several articles predicting an oversupply of oil in the 1st Q of 2022 with many Non Opec members ramping up production. Really odd that highlander7 and all the avatars from the Stockport school of schmucks fail to find them and post them up innit:-)

[sbb1x] 21/11/2021 23:13

Lion's, I told you all 188 was coming like night follows day, if we have a heavy market or oil sell off there is a gap @160.I know you don't like me telling you but it's true.Enjoy your evening

[steephill cove] 21/11/2021 20:58

♠️€371;❌3️;⃣

#645469
#645462
#645457

🧿

[goatcam] 21/11/2021 18:36

GoatCam never wrong.

[pensioner2] 21/11/2021 18:00

Don't tell you've scooped goatcam. :-)

[banggone] 21/11/2021 17:38

:)You heard it here first :)

[banggone] 21/11/2021 17:31

Ops and Corporate22/11