Gulf Keystone Petroleum Share Discussion Threads

[doctortakeover] 23/10/2023 10:10

Looks a very dodgy RNS that UPL offer

[r9505571] 23/10/2023 10:07

Bid rejected at 14p

[nestoframpers] 23/10/2023 10:02

Yes Habshan the UPL story is bonkers, the spike up today might be shorted down ?

[habshan] 23/10/2023 10:00

Nest - "Offer in for UPL"

A quick look at this company reveals the following.

a) - They are doing a technical assessment of a license in Sarawak which is currently undrilled.

b) - They are doing a technical assessment of a license up in the Moray Firth which is currently undrilled. "Dunrobin is an undrilled group of oil prospects in the UK North Sea. The crude expected in Dunrobin is potentially partially degraded due to low reservoir depth and may be of low API or waxy."

c) - Upland has a 25% interest in Block SK46c. This acreage is located in the East Midlands Oil Province. Blackwatch estimates that total recoverable resources on Hardstoft are 6.75 million barrels of oil on a best, or base, case scenario (1.125 mmbbls net to Upland).

d) - So they have reserves of a bit over one million barrels.

e) - At 55kbpd GKP would get through their reserves in 20 days.

f) - They have turned down an offer of $188 million because they feel that it undervalues them.

I see.

How much does GKP have again???

[doctortakeover] 23/10/2023 09:56

HTTPS://twitter.com/GoodnightCharl1/status/1716377652309749904?t=uec_VBzZrFrHdcxRry_OKg&s=19

[petebreeze37] 23/10/2023 09:43

Not one EU country, Les Oban, calling for peace in MEast and Biden talking about the new world order, looks like they are hellbent on destroying Micky mouse money and bringing in a Draconian digi system .
They destroyed the dollar when the gold standard was reduced over successive decades and finally stopped it when Nixon was in power.
Digital is just a continuation of money for nothing but chains the proletariat to his new world masters.
Meanwhile china is sending warships to med to defend Syria and Iran, and russian migs are ready.

[nestoframpers] 23/10/2023 09:32

Offer in for UPL

[gkp_over_100quid_at_takeover] 23/10/2023 08:50

Stage 1 of Gulf Keystone - sign implementation agreement - 2017

There are often TWO agreements in the context of an amalgamation or merger. The main transaction agreement (the “Agreement and Plan of Merger/Amalgamation” (in the case of US transactions) or “Implementation Agreement” (in the case of English law transactions)), which will be subject to the law of the parties’ onshore counsel or the jurisdiction in which the company is listed or where the company conducts the majority of business, which sets out the terms and means of effecting the transaction and which will include comprehensive warranties, indemnities, conditions precedent, deal protection mechanisms (if any).

Technical DD now allowed by GKP over Shaikan field 2017/2018
( Chinese Shaikan Data studies are in public domain)

Stage 2 - a shareholder vote to effect completion by merger once all conditions of implementation agreement met.

In addition, a statutory merger or amalgamation agreement will also be used, which sets out that which is required to be approved by the shareholders under section 105 of the Companies Act.

KEY CONDITION to allow sale completion = PSC legitimisation.
That is in process right now.

[r9505571] 23/10/2023 08:34

Another 320 targets hit overnight by air strikes. Israel said the war could take months!

[hydrocarbon1] 23/10/2023 08:33

Repeat, repeat, rinse wash.

[hydrocarbon1] 23/10/2023 08:13

All this conflict not helping us one iota.

[nestoframpers] 22/10/2023 22:49

Completion of sale requires PSC legitimisation.

Which is on the way.

---------------------

Cheeky of you to post that when I have been telling you for a decade " HCL 1st " which you wouldn't have.

[ptmorris1] 22/10/2023 22:24

As opposed to the 'Doom Goblin' Greta, her of the Rothschild dynasty.

[ptmorris1] 22/10/2023 20:32

Don't tell us Muttley; go and tell those who have just bought 100,000s of shares recently. They will want to know your wisdom.

Oh, and how much do you charge to go sarf of the River Ribble on a Sunday night?

[habshan] 22/10/2023 20:22

Wee Jamie this morning, what a donkey - "APIKUR is but a summer leaf, now withering on the branch as Winter approaches."

Minutes ago - Hunt Oil, a powerful new member of APIKUR.

"Hunt Oil is one of the largest privately held companies in the United States with significant investments in the Middle East, including the Kurdistan Region of Iraq, where it has been operating since 2007."

APIKUR’s voice is stronger with the addition of Hunt Oil Middle East,” said Myles B. Caggins III, APIKUR spokesman.

APIKUR.

October 22, 2023 - Hunt Oil joins APIKUR.

Key Points:
• Hunt Oil Middle East Limited becomes the sixth International Oil Company joining the Association of the Petroleum Industry of Kurdistan
• Since 2007, U.S.-based Hunt Oil Middle East has explored and produced oil in Iraq’s Kurdistan Region

APIKUR welcomes Hunt Oil Middle East as its sixth member. Hunt Oil is one of the largest privately held companies in the United States with significant investments in the Middle East, including the Kurdistan Region of Iraq, where it has been operating since 2007.

Collectively, APIKUR members produce about 50 percent of all oil in Iraq’s Kurdistan Region.

According to the Kurdistan Region Government’s Ministry of Natural Resources, Hunt Oil’s workforce is 81 percent locally hired—including 87 percent of its technical talent.

Throughout its history, Hunt has drilled wells on every continent except Antarctica.

Since being established in February 2023, APIKUR has promoted Kurdistan as a destination for exploration and production companies, service providers, and investors. APIKUR advocates, publicly and privately, for the common interests of its members.

“APIKUR’s voice is stronger with the addition of Hunt Oil Middle East,” said Myles B. Caggins III, APIKUR spokesman. “All APIKUR member companies share the same goal of resuming full oil production for the benefit of stakeholders, employees, and the economy of Iraq.”

APIKUR members encourage all parties to reach a commercial resolution that preserves their contractual rights and enhances the future investment climate of Iraq and the Kurdistan Region.

- Ends -

[bigdog5] 22/10/2023 19:56

No one is interested in a few barrels of sludge Carroll la Motta.

Day 212 of pipe being closed.

[arcadian] 22/10/2023 19:17

Highlander7

I have been reading the Bye Laws presented to the last AGM and they seem to offer more protection in that they refer to the Takeover Code and The City and surely they must mea London. One heartening clause was that any offer made to any shareholders with 30-50% of shares shall be the offer to everyone else so as you said London may offer more protection than I thought.

PS What we lack is a transparent up to date and accessible Shareholder Register