Gulf Keystone Petroleum Share Discussion Threads

[bumkin] 23/9/2022 15:18

Current exchange rate: 11.561 cents = 10.5p (as per App. Xe).

[sbb1x] 23/9/2022 14:46

New 52 week low on the dow today

[sbb1x] 23/9/2022 14:41

If 200 dont hold its 180s imo. Ffs

[r9505571] 23/9/2022 14:40

Oil down 4% to $86 a barrel

[giant_canine] 23/9/2022 14:26

Be greedy when most are fearful.

[sbb1x] 23/9/2022 14:13

Buy tiny amounts

[bigdog5] 23/9/2022 13:42

Still no one rocked up to save you desperate fantasists, how strange, lol.

Are they all still "accumulating" shares after 15 years? Are they all still evaluating the falling reserves and wondering why it's taken 15 wells to reach 45k a day? More wells but production and Reserves falling. It's a good job the fake oil price has come to the rescue as otherwise the share price imho would be way less than £1.50.

Now where have we heard those words before? Oh that's correct, the hosts have announced that they have way less than 3b proven Reserves rather than the 45b they've been announcing for many years!!! Now that's a downgrade innit, lol.

Could it be that around 250m barrels of very heavy oil, (value of resources worth naff all) water flooding into several of the "last great frontier's" fields according to the hosts, no oil law and very unlikely there will be one, Baghdad blacklisting companies working in Kurdistan, field pressure problems, the need for extremely costly gas flaring and water handling facilities to install and no FDP are putting them off? Could it be that it's only the divis that have kept the Insti's onboard?

So what happens when the company aren't able to pay them?

[sbb1x] 23/9/2022 12:18

Good time for GKP to announce a buy back of 13.5m shares.

[habshan] 23/9/2022 11:39

Pound now down to 1.1077.

Dividend up to 10.44pps.

Looking good.

[giant_canine] 23/9/2022 11:38

5 years they will prob be producing 100K bopd ( possibly GREAT DEAL MORE)and oil could be at 150 +
If we haven't been blown up PRIOR!
Takeover or no takeover !

[nufc9] 23/9/2022 10:50

I reckon Paul's probably got another good 5 years left in him before he gives up.

[urchin1] 23/9/2022 10:47

When's this take over coming!

[habshan] 23/9/2022 10:25

The market isn't impressed with the level of borrowing needed to finance the mini budget that the Chancellor has just announced.

The pound has fallen to 1.1189 against the dollar.

If that level is maintained until next Wednesday the dividend will be paid at 10.33 pence per share.

For those of us that own shares that is, but as usual Bigdog will get nothing.

[habshan] 23/9/2022 08:51

G_C - "They can fund staged FDP and higher dividend levels."

Ian Weatherdon - "High oil prices are great in terms of cash flow and opportunities to pay dividends, however when we set our spending programme and we look long term we don't bank on these prices we plan at a much lower price of $50-55 a barrel and of course we ensure that we can sustain at prices much lower than that."

[giant_canine] 23/9/2022 08:42

They surely have/will have hedged POO.They have the capacity to generate around 600m bucks per annumAnd they have now proforma cash about 230m in hand ( bank + debtors)They can fund staged FDP and higher dividend levels.I still don't expect them to do it independently though.....

[nufc9] 23/9/2022 08:37

“They have flagged in last 2 presentation review dividend policy.
I expect them to a announce quarterly regular divs with an annual total minimum 100m plus.”

Hmmm I think you may have misunderstood the reviewing of dividend policy. I remember seeing the the ‘review of dividend policy’ mentioned alongside the approval of the FDP. I was taking this to mean that once the FDP is approved we may not see any dividends at all

[giant_canine] 23/9/2022 08:30

Yet another drilling out of stock, plus ca change c'est la meme chose ....

[sbb1x] 23/9/2022 08:23

Might get a bounce for uk budget

[giant_canine] 23/9/2022 08:07

The current div policy is minimum 25m bucks a year.They have flagged in last 2 presentation review dividend policy.I expect them to a announce quarterly regular divs with an annual total minimum 100m plus..

[sbb1x] 23/9/2022 08:05

Dow jones under 30000. Are we going to see that 2008 moment...

[highlander7] 23/9/2022 07:45

The Iraqi NOC would of course have included Kurdish Oil. Hence the decade old power struggle for Control. Hopefully current circumstances regarding global oil and gas shortages combined with the awareness that this Oil Market is running out of time for both of them, will focus a few minds.

IMO