Gulf Keystone Petroleum Share Discussion Threads

[thebabe] 24/6/2022 07:51

H if they stay Indy they could pay another 200m divs comfortable this year Fact they paying off bond early and not refinancing = sold.

[thebabe] 24/6/2022 07:49

Both look exceedingly frantic this am , (no doubt thrilled the company debt free, making fwd profits if 40m a month) it's a living I suppose

[thebabe] 24/6/2022 07:47

Debt free. - interesting, when cost of equity so much higher.That is the exact opposite of optimal, but a clear indication, treading water for sale.also cash + debtors at average 45,500 bobd after July cash + debtors 200m adding about 40m a month FCF ......Cash now 247 + about 145 income from April may June less 75 divs less 102 to pay bond off so about 200 m net cash end July debt free.

[rogerramjett] 24/6/2022 07:45

Habshan. I'm not trying to talk this down but if it was producing 4kbopd would the June figures not have been towards the 50k bopd and not 46k ?

Seems to have added around 1k bopd since coming on line. Maybe once the water handling equipment is installed we may see 4k bopd but doesn't appear to be there yet. Perhaps why the range tightening to 47k upper end for the year, allowing for the increase in production at SH15 once its there.

[goatcam] 24/6/2022 07:44

Habsham...

You think that was a good update...? Considering all that could have been done ..?

[steephill cove] 24/6/2022 07:43

Goatcam & Broadford Bay just talking into a void & no one ticking up their posts because both have been FILTERED 🤣

[rogerramjett] 24/6/2022 07:41

I'm only here for the dividends.

And the hope that someone will buy this out.

Sounds like people keep talking about it and nothing ever happens. Thankfully throwing off large amounts of cash.

I do agree it's not a staggering update but nothing we didn't perhaps already know.

[habshan] 24/6/2022 07:40

Goatcam - "Sh15 was a failure then."

Not according to the update it wasn't.

Jon Harris told us in the FYR three months ago that the expected range for a new well is 4-6kbpd.

This morning we are told that it is producing "towards the lower end of the anticipated range".

So it's producing in excess of 4kbpd, a very successful well.

[goatcam] 24/6/2022 07:37

BroadFraud wants to get in cheaper for that juicy dividend!

[broadford bay] 24/6/2022 07:36

SH15 poor producer
SH14 poor producer
SH12 onstream but poor producer
Output stuck at 46Mbopd
No progress on FDP
Water handling required for production increase

NOT a good update prior to AGM.

The only thing supporting the share price is PoO - and the cash being thrown off, certainly not the performance of the company.

SP going S now.

[shortsqueezer] 24/6/2022 07:34

So we are preparing to increase production, which means the BODs are confident that the fdp will be approved. 'While timing of approval remains uncertain, we also continue to make positive progress on the FDP as we prepare to resume drilling and ramp up production.'

[goatcam] 24/6/2022 07:27

Sh15 was a failure the then

[jackpotjack] 24/6/2022 07:27

Yeah but let's be happy the Divi payments are rolling in :-)Where else pays these amounts at the moment?

[highlander7] 24/6/2022 07:26

and this..............


"Assuming timely payment of invoices and strong oil prices, we expect continuing robust cash flow generation in 2022 providing flexibility to consider further shareholder distributions and an increase in capital expenditure to resume drilling "

In other words the possibility of further dividends this year.

H7

[goatcam] 24/6/2022 07:26

It’s the least they could have done let’s be honest...

[shortsqueezer] 24/6/2022 07:25

Pleased to see the bond being paid off. Tidies up the shop window nicely.

[goatcam] 24/6/2022 07:23

So after a year of mentioning ‘optimise capital structure’ they then just say nothing.... LOL nice one BOD

[releasethekraken] 24/6/2022 07:14

Cash now 247 + about 145 income from April may June less 75 divs less 102 to pay bond off so about 200 m net cash end July debt free.

[goatcam] 24/6/2022 07:11

Paul wrong yet again

[releasethekraken] 24/6/2022 07:10

G-CPutup called it correct . But that is not an optimal capital structure!Entirely financed from equity.,!So that leaves a very clean company tidied up - adds about 40 p per share on sale , but no further equity concentration.Pretty much shows they just treading water....No he hasnt admitted to thatHe is corporately articulateI think US.Not there for the benefit of retail holders - an enthusiasm damper.....I think their will(should be) a new debt issue to fund either / anda one off special div / large buyback - to get a sensible capital structure.Leverage up.He is suggesting they will buy in the current bond.Deleveraging further..They have to do something

[goatcam] 24/6/2022 07:09

Any good news in the RNS?

[goatcam] 24/6/2022 07:09

Wow big deal....

Lol what are our BOD getting paid to do exactly !?

[highlander7] 24/6/2022 07:08

Post something original GC we have heard all this before from Doggie and Broadfraud.

Which one are you BTW ?

LOL

H7