Gulf Keystone Petroleum Share Discussion Threads

[worldquant] 28/3/2024 12:45

The conversion of preference shares to ordinary stock only happens if it is in the holders interests to do so , its their choice, IE they get more cash but take more risk.
So only reason to do it here after a decade or two is because the company is sold TBA.
Simple really.
Each $ 1bn paid will equal about £ 2.70 quid a share.
Be amazed if its less than 4 bn - so about 11 quid minimum

[arcadian] 28/3/2024 12:45

In a perfect world maybe but this is Iraq.

[johnbuysghost] 28/3/2024 12:43

The target for GKP's massive assets is at least £110 per share.

[arcadian] 28/3/2024 12:43

WQ and friends

We are close on valuations but differ on risk. Time will tell.

[worldquant] 28/3/2024 11:51

The conversion of preference shares to ordinary stock only happens if it is in the holders interests to do so , its their choice, IE they get more cash but take more risk.
So only reason to do it here after a decade or two is because the company is sold TBA.
Simple really.
Each $ 1bn paid will equal about £ 2.70 quid a share.
Be amazed if its less than 4 bn - so about 11 quid minimum

[petebreeze37] 28/3/2024 11:24

H7,
I agree, a few weeks back we got encouraging news which centred on Ramadan.
I'm hoping, this time, we have a positive result.
And as I said about a month ago, if there isn't a result for IOCs and krg, then they have carte blanche to go independent and get the oil flowing through the pipeline.

[justiceforthemany] 28/3/2024 11:16

Big fat dog has gone mute which can only mean a resumption is imminent now.

[highlander7] 28/3/2024 11:01

Looks like it will be around the end of Ramadan.

[hugetakeaway] 28/3/2024 10:54

https://twitter.com/GoodnightCharl1/status/1773302162996576598?t=3luVKGXa0XR1BU6rw41H2A&s=19#GKP #gkptakeoverWhy would investors holding preference shares for 15 years + decide to convert them all to common stock?Fill yer boots and hold as many as you can.

[pittcock] 28/3/2024 10:44

You're a glutton for punishment sniffy?

[sniff_the_tip] 28/3/2024 10:41

i'll be sticking in another £20k in my isa come new tax year... so please bring the share price down!

[hugetakeaway] 28/3/2024 10:02

No wonder CEO tried his best to encourage PI in his webcast, they know how painful this journey has been..."shares FANTASTIC VALUE CURRENTLY"

[hugetakeaway] 28/3/2024 09:48

All irrelevantThe company is sold.https://x.com/111notout1/status/1773273153134809233?s=61&t=EEAJRmerpfLiAmForyb8DwPreference shareholders have exercised their conversion rights allowing them to fully share in the takeover proceeds.

[grouchomarx] 28/3/2024 09:45

Assuming all the arrears are paid timely and in full…

[lonely hermit] 28/3/2024 09:41

You can add $151m to whatever valuation one comes up with!!!

Plus the capital cost recovery and that's before we get to the value of the field itself.

:-)

[hugetakeaway] 28/3/2024 09:33

Fill yer BOOTS

[hugetakeaway] 28/3/2024 09:25

https://x.com/111notout1/status/1773273153134809233?s=61&t=EEAJRmerpfLiAmForyb8DwPreference shareholders have exercised their conversion rights allowing them to fully share in the takeover proceeds.

[milliecusto] 28/3/2024 09:20

New name Johnboy

[furenstaurus] 28/3/2024 09:10

https://x.com/111notout1/status/1773273153134809233?s=61&t=EEAJRmerpfLiAmForyb8DwPreference shareholders have exercised their conversion rights allowing them to fully share in the takeover proceeds.

[grouchomarx] 28/3/2024 08:59

I would be happy with the company generating substantial cash equivalent to more than half its current market cap and doing buybacks and/or dividends. The pipeline will reopen just because its current an untenable dynamic with $10 billion « missing » from the budget. What would drive the share price substantially higher would be very clear and stable rules on oil exploration and comercialization. Then a 3 to 5 times the current price could happen. All the rest is daydreaming and/or spamming.

[furenstaurus] 28/3/2024 08:43

The big boys that own the co that never sold 1 at 320 know better.....Fill yer boots A deal is done TBA