Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 24/6/2022 08:47

What do you do with a debt-free company earning $50m/month? The seller might be the collector who knows they haven't collected enough to win today's votes. We'll soon find out.

[goatcam] 24/6/2022 08:46

Paul’s off lying again to push his own long position

[thebabe] 24/6/2022 08:45

Big holder buying more

[sbb1x] 24/6/2022 08:44

Maybe a big holder selling a few ?

[goatcam] 24/6/2022 08:38

H7, the company have told us that the large production increases will be funded by FCF. The FDP won’t get approved for a while so there is literally nothing else to do but give out cash as dividends... they could / should have done a buyback a year ago but.... they decided not to

[thebabe] 24/6/2022 08:38

H and they definitely would not be paying off bonds...they would refinance them , as all E and P development is done

[highlander7] 24/6/2022 08:27

If they wanted to finance large production increases ( which is what any Oil Production Co should do in current circumstances i.e OP , and profits, going through the roof ). Then they would not be paying huge dividends.

Even the trolls aught to be able to figure that one out.

H7

[goatcam] 24/6/2022 08:26

Quick Paul, start posting that parabolic chart again! That might help the share price and save your £10 per point long

[thebabe] 24/6/2022 08:26

Added some on a 50% margin SB Will pay 21.5% cash next ThursdayThanks all

[thebabe] 24/6/2022 08:25

11.1% yield Not annual but July

[goatcam] 24/6/2022 08:24

Terrible update. I should have voted against all resolutions

[petebreeze37] 24/6/2022 08:22

I suggested waiting a few weeks before buying in!

[goatcam] 24/6/2022 08:20

I honestly can’t take another year of Paul’s delusional rubbish

[goatcam] 24/6/2022 08:16

SP down 15% since Paul started posting his parabolic chart LOL

[officerdigby] 24/6/2022 08:16

GoatCam you should stick to your strategy sell 300p you said....Now you have to wait for the post recession upswing and listen yo Pauls avatars fir another year or two!

[thebabe] 24/6/2022 08:11

Most interesting thing for me is the voting.Every year the numbers of votes cast falls.All time low last year

[habshan] 24/6/2022 08:09

roger - "Habshan. I'm not trying to talk this down but if it was producing 4kbopd would the June figures not have even towards the 50k bopd and not 46k ?"
"Seems to have added around 1k bopd since coming on line."

When Sh-12 was brought onstream roger this is what was said:-

"During commissioning, the well produced at rates up to 4,600 bopd, in line with expectations and is currently producing at c.4,000 bopd."

This is what we are told this morning:-

"SH-12 reperforated and brought back online in June at a reduced rate after being shut-in at the beginning of the year".

We don't know what "reduced rate" means but let's say it's currently producing 1kbpd which means that 3kbpd has been temporaraly lost from that well until the water handling equipment arrives.

So the 4kbpd from Sh-15 would only add 1kbpd to the overall field output.

[r9505571] 24/6/2022 08:07

we also continue to make positive progress on the FDP as we prepare to resume drilling and ramp up production.

[thebabe] 24/6/2022 08:06

Eddie does look so.Paying off the debt means shareholders get an extra 40p ish per share on sale.They will be probably the only E+P producing 10k + with no debt Extraordinary reallyI don't think peeps understand that optimal capital structure= the correct mix of equity and debt to maximize the cheapest way to finance the company.They have decided to do the opposite= have the most expensive way to finance the co.!!

[thebabe] 24/6/2022 08:03

Goatcam starting t o rival Condog, in high frequency..LolBoth 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

[goatcam] 24/6/2022 08:01

Paul, where’s that parabolic chart LOL

[fairenough11] 24/6/2022 07:59

eddie,

you get it!

[shortsqueezer] 24/6/2022 07:59

Lots of the idiots back here today trying to detract from both a decent update and increasingly favourable Iraqi politics. Not long now.