Gulf Keystone Petroleum Share Discussion Threads

[shortsqueezer] 17/7/2024 07:07

Another 125k bought via hundreds of small trades throughout the day.

[highlander7] 17/7/2024 07:05

The reaction of the share price will tell you what you should believe!!

I doubt it. The share price is controlled by brokers and key players NOT the ICG. The ICG have been trying to get control of Kurdish oil since they found Shaikan. Its not working and never will. Its not in the interests of the USA to see the Kurds controlled by Iran.

Based on my own experience of past situations like this, expect the unexpected to happen and with no warning. As to when ? Your guess is a good as mine.

IMO

[diamondandpearls] 17/7/2024 06:42

The reaction of the share price will tell you what you should believe!!
It's been 17 months with nothing sorted and $20b lost in revenues . Its not about oil it's about hatred and Iraq want to crush kurdistan that's why a deal will happen as kurdistan know this ?? Another down day probably.

[highlander7] 17/7/2024 05:00

john@john78846295: 22h

Advisor to Kurdish Prime Minister: Agreement has been reached with the #Iraqi government regarding costs of extracting and exporting oil Kurdistan, which will facilitate the resumption of oil exports.

@john78846295: 21h

“Iraqi government has a good understanding of how to secure costs of extracting & exporting oil from Kurdistan. Since the costs vary, all parties have reached an agreement to find a final solution”

Final negotiations...?

=============================================================================

Now you see why the trolls are getting hysterical .

[pittcock] 16/7/2024 23:30

You lost all your money and you are never getting it back. Accept it and move on.

[johnbuysghost] 16/7/2024 22:43

GKP is an easy 70 bagger from todays share price

[bigdog5] 16/7/2024 21:45

klassic, I enjoy mocking them and pointing out why they are delusional fantasists by using facts, history, evidence and the reality.

"As shareholders we need to extract as much cash as possible from the company whilst we can, in case of disaster in the form of unilateral cancellation of IOC contracts by Baghdad (the nuclear option) or the restriction of local sales (strangulation)".

Not an unreasonable view however it appears you are then supporting my opinion/view that buybacks are providing the opportunity for sales. And in reality it allows for any shareholders to dump, including Instis.

In my experience all buybacks do is advertise the company are not able to use the money constructively to progress their business. Over time the share price will be sold into so its really a waste of funds. Paying divis usually shows confidence and in many cases the shareholders will re invest their divis which of course will support the share price

"So I have concerns about your recommendation to hoard cash for future investment/development".

I don't think I have recommended them hoard cash recently as they have a sufficient buffer at bank that any sane management should have. Years ago when the hosts were iffy with payments I said several times they need a healthy bank balance to cover the "unknowns" whereas so many of the morons here were yelling for divis.

The company have said that any progress is years away with new wells etc however the unknowns are what will SOMO want from Epicure members. What if they ordered the flaring of gas had to cease within a short period or there would be penalties? That project could be very costly and why I've suggested companies may have to share the costs. As BB says $100m at bank should be sufficient plus the fact that the new arrangements will dictate IF they are able to progress and how many years forward that would be.

With the impasse showing zero signs of being sorted anytime soon imho the share price is way over the top and I expect it to plummet when the company stop wasting their money.

[johnbuysghost] 16/7/2024 21:02

I hold GKP for at least £120 English pounds per share.

[pittcock] 16/7/2024 19:25

Bigdog klassic and broadfraud the holy triumvirate of sock puppets.ie. They each have their fist up each others @rseholes.

[redbed] 16/7/2024 19:03

The company is obviously sold TBA

[redbed] 16/7/2024 19:03

Takeover RNS incomingWas always going to be an under 140 day today.The total pre takeover RNS stabilisation program cumulative VWAP had nudged to 1.4002So they were always going to pull it down a tad to get todays buys just underProbably a maximum 10% of the program left although I don't think they will use it all.

[broadford bay] 16/7/2024 19:02

klassic,
far be it for me to interject in your conversation with bigdog, but surely then the question boils down to:
Is it better to to give cash back to shareholders who hold (or continue to hold) via dividends, or is it better to give cash back to those who want to exit/sell?
Is the "is it better" question then a moral one or a technical one? If the company is seen as the one solvent buyer prepared to pay good money for your shares and support the SP, is that a good message to be sending or a bad one? Surely the fact that the BoD see no other better use for the cash is in any case negative enough?

The nuclear option you mention would, as the company has no debt to repay, not be that bad perhaps as the wind-up would return all remaining capital to shareholders - assuming of course that ongoing capital committments were smallish.

The "hoarding of cash for future requirements" is a double-edged sword, as cash reduction to a low level would be interpreted very negatively by the market; if nothing else the $100M level is probably a psychologically important one.

[redbed] 16/7/2024 18:02

The company is obviously sold TBA

[redbed] 16/7/2024 18:01

Takeover RNS incomingWas always going to be an under 140 day today.The total pre takeover RNS stabilisation program cumulative VWAP had nudged to 1.4002So they were always going to pull it down a tad to get todays buys just underProbably a maximum 10% of the program left although I don't think they will use it all.

[redbed] 16/7/2024 18:01

Trolls super desperate

[klassic] 16/7/2024 17:42

Bigdog I don’t know why you continue to engage with these people. I guess you enjoy the fight, though there is little to be gained from such an unequal sit-com punch up.
One point upon which I disagree with you is on the merits of buybacks/dividends. They have given a great fillip to the share price, albeit waning at present. As shareholders we need to extract as much cash as possible from the company whilst we can, in case of disaster in the form of unilateral cancellation of IOC contracts by Baghdad (the nuclear option) or the restriction of local sales (strangulation).
So I have concerns about your recommendation to hoard cash for future investment/development. There may be no future here. If there is, great, lenders will be found.
The bod should distribute more cash, it’s the only certain way we have of getting our gullible suckers’ hands on it.

[johnbuysghost] 16/7/2024 17:40

GKP is worth at least £70 per share, but I and others hold for £100+ English pounds per share.

[redbed] 16/7/2024 17:33

Was always going to be an under 140 day today.The total pre takeover RNS stabilisation program cumulative VWAP had nudged to 1.4002 So they were always going to pull it down a tad to get todays buys just underProbably a maximum 10% of the program left although I don't think they will use it all.

[redbed] 16/7/2024 17:08

Takeover RNS incomingWas always going to be an under 140 day today.The total pre takeover RNS stabilisation program cumulative VWAP had nudged to 1.4002So they were always going to pull it down a tad to get todays buys just underProbably a maximum 10% of the program left although I don't think they will use it all.

[bigdog5] 16/7/2024 17:05

Is this the guy scotty snowflake??

The founder of a European oil and gas company was sentenced to five years in prison after admitting he failed to file tax returns on $66 million of income, which he blamed on a “bitter divorce.”

Todd Kozel, 55, who founded and led London-based Gulf Keystone Petroleum Ltd., was accused in 2018 of concealing assets in a foreign trust that included 29 million shares of the company and using about $12.8 million of those assets to buy a condominium in New York. He was later charged with willful failure to file tax returns from 2011 to 2015.