Gulf Keystone Petroleum Share Discussion Threads

[broadford bay] 04/4/2022 14:38

The issue is not whether the well is/was exploration or production.

The issue is that the company was economical with the truth, and this tendency seems to continue to this day.

Hold the back the bad news, rely on obfuscation.

[pensioner2] 04/4/2022 14:08

BB used to be able to spin a half-believable troll post. These days he's so obviously off beam it's hard to see why he keeps on posting tripe. Maybe he secretly admires the pasting he gets from Habshan for every piece of BS he puts up.

[lifeson] 04/4/2022 14:03

RNS Number : 1748H
Gulf Keystone Petroleum Ltd.
04 April 2022

4 April 2022

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Shaikan Payments Update

Gulf Keystone confirms that a gross payment of $40.9 million ($32.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $34.2 million ($26.8 million net) for Shaikan crude oil sales during December 2021 and gross $6.6 million ($5.2 million net) in relation to the arrears from the outstanding January 2020 to February 2020 invoices.

Following receipt of the arrears payment, the current outstanding arrears balance is $16.7 million net to GKP.

[0ili0] 04/4/2022 14:00

Bigdog5, the current incarnation of the company is nothing like the old one. Both versions were superb 😲. Both were a screaming buy 😲. Do keep up. 💰🐄

😂😂😂🍩8112;🍩ԅ14;😂😂;

[highlander7] 04/4/2022 13:49

Broadford Bay has NEVER worked in the O&G Industry. Hence his constant posting of nonsense.

H7

[officerdigby] 04/4/2022 13:47

Even I can see.The veil of quasi technical posting dropped with Mr BF.Just desperate to put the boot ? in now?Looking for a cheap re-entry Mr BF? Are you part of Uncle Tony's trading crew?

[habshan] 04/4/2022 13:39

Broadford - "Remember SH-6...the Water Well..."...the market would have been
informed"!

What an idiot.

Sh-6 was one of the original EXPLORATION wells Broadford, it was designed to find the water at the eastern edge of the field and whatever else was down there in order to delineate it which it successfully did.

Sh-12 is a PRODUCTION well and any water in a production well means the well being shut in until it can be removed with a consequent loss of production and revenues, changes to previously RNSd production guidance and all the rest of it.

But you don't know the difference between an exploration well and a production well.

HOW LONG did you say you'd worked in this industry again Broadford.

[giant_canine] 04/4/2022 13:39

PUTUP on LSE another Yank paid to bash slightly more intelligently than ClownDog I accept............begins the weeks work......

[steephill cove] 04/4/2022 13:29

Remember pointless windbags like Bigdog5; Kurdman63 & Broadford Bay who profess to know more than the board of GKP & huge Institutional Investors who continually buy & hold GKP for the final inevitable sale price 👍

I just follow the latter two, compounding huge GKP dividends with a big smile 💪

[broadford bay] 04/4/2022 13:23

Laugh out loud...

Remember SH-6...the Water Well..."...the market would have been informed"!

All is not well.

[eyesandears] 04/4/2022 13:17

Bigdog 🥱🥱🥱🥱9393;🥱. Same old bitter nonsense. What a clown🤡

[pensioner2] 04/4/2022 13:12

$32m just landed. That's for Dec sales when the price averaged around $80. Wait until the $100 plus receipts start flowing.

[giant_canine] 04/4/2022 13:01

Investors Chronicle BUY Recommendation:

"Earlier this year, the IC’s technical analyst Michael Taylor observed that “a breakout from the 220p resistance zone would see the stock move into a price area not seen since the autumn of 2019”. That’s already played-out, and the next leg up is towards the 300p mark, so a forward ratio of three times forecast earnings and a prospective dividend yield in double-figures seems compelling given the prospect of enduring elevated oil prices. Buy."

23p dividend being paid May 13, and 9 p in early July.

[habshan] 04/4/2022 13:01

Bigdog - "If water is found where they expect oil to be that has to affect the Reserves."

No water found yet though Sarah apart from trace quantities at Sh-12 which is why they've never seen the need to install water handling equipment.

They've had to shut in Sh-12 because you can't put oil with water in it into the export pipeline, any well producing even trace quantities would have had to be shut in.

And as with Sh-12 the market would have been informed.

Sh-12 is the only well to be shut in because of water shows and a solution to remove those trace quantities is currently out to tender.

So all is well.

[giant_canine] 04/4/2022 12:41

Targeting 5.66 by September this investor.
Not unrealistic other than it will be delisted before then IMO

[steephill cove] 04/4/2022 12:28

Theres going to be a glut of PIs, including me, banging their 2022-23, 20K Stocks & Shares ISA allowance from 6th April 2022 into GKP for another 90M of easy & huge dividend income with more to come before 2022 ends 💪

The Investors Chronicle GKP BUY recommendation of 30/3 will relight the PI blue touchpaper 👏

[giant_canine] 04/4/2022 12:27

Its wakey wakey across the pond LOL
Good Morning USA

[bigdog5] 04/4/2022 12:23

howard smith4 Apr '22 - 06:27 - 651728 of 651741
0 11 0
"The below is quite old and strongly reinforces oil in place which can only have risen as so much more work has been done since this report was issued"

No it clearly doesn't reinforce the oil in place which hasn't risen and the reasons why are in front of you. If it were true the various CPR's would be the proof. They aren't and the latest CPR shows the numbers continue to fall. There's been no new discoveries in over ten years from fourteen wells. Now with all the problems from the latest wells imho the 2P needs to be adjusted down again. If water is found where they expect oil to be that has to affect the Reserves.

Keep the fantasy going but you're only conning yourselves.

[pensioner2] 04/4/2022 12:23

Looks like one big buy put through in 3 tranches to me, h/c. No special codes put through against the trades.

[highlander7] 04/4/2022 12:17

CHAR are another one worth watching.

H7

[hydrocarbon1] 04/4/2022 12:05

04-Apr-22 12:04:55 247.96067 139,296 345.40k O

04-Apr-22 12:04:55 247.96067 -139,296 -345.40k O

seems it was an error ? posted retraction 10 mins later

[hydrocarbon1] 04/4/2022 11:34

For anyone that missed it.

COMPANIES
Gulf Keystone gets its due as prices soar
Shareholders are in line for further capital returns
March 30, 2022
By Mark Robinson
Improved remittance from the KRG
Step-up in capex through 2022
Gulf Keystone Petroleum (GKP) returned to statutory profit in 2021, as a one-fifth increase in gross average production to 43,440 barrels of oil per day (bopd), combined with a 138 per cent hike in realised prices to $49.70 (£38.23) a barrel.

GKP:LSE
Gulf Keystone Petroleum Ltd

1mth
Today change
2.22%Price (GBP)
248.90
Anyone familiar with the company will know that its financial performance is bound-up with the ability of the Kurdistan Regional Government (KRG) to make good on its licensing arrangements. Over two-thirds of revenues for 2021 relate to KRG receipts covering the invoice period from December 2020 to August 2021, along with partial repayment of arrears. Since the start of 2022, GKP has pocketed another $106mn from the KRG, leaving net arrears in the region of $22mn.

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The remittance schedule has been somewhat erratic down through the years, but the company is never reluctant to return capital to shareholders when cash flows are positive. Admittedly, the dividend schedule is also a little erratic, but since 2019 the company has distributed $340mn to shareholders, roughly equivalent to half its current market capitalisation.

Subject to well completions, workovers and interventions, GKP is targeting gross average production of 44,000-50,000 bopd in 2022, with net capital expenditure of $85mn-$95mn, against $50.8mn in 2021. Earlier this year, the IC’s technical analyst Michael Taylor observed that “a breakout from the 220p resistance zone would see the stock move into a price area not seen since the autumn of 2019”. That’s already played-out, and the next leg up is towards the 300p mark, so a forward ratio of three times forecast earnings and a prospective dividend yield in double-figures seems compelling given the prospect of enduring elevated oil prices. Buy.

[bubblingup] 04/4/2022 11:24

Currently the share price 52-week high is 261.90, set on Mar 31, 2022. Thanks to the now steady stream of generous dividends, 265p will see me break even after so many years of hurt. Even if the share price stalls, the next plump interim dividend, pretty much nailed on for this autumn, will see me reach those sunny uplands.

Sincerely hope y'all are doing the same. To infinity - and beyond - with GKP! (:0)

[thebabe] 04/4/2022 10:45

Well it's 32p if you buy now.Guaranteed 23p mid May 9p mid July.If the company reamains independent I'd expect at least another additional 50 p income from further dividends this calendar year