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Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -10.00 -3.69% 261.00 3,851,425 16:35:24
Bid Price Offer Price High Price Low Price Open Price
258.00 259.00 271.00 246.00 271.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 222.87 121.07 57.04 4.2 564
Last Trade Time Trade Type Trade Size Trade Price Currency
17:52:51 O 60,000 261.033 GBX

Gulf Keystone Petroleum (GKP) Latest News (7)

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Date Time Title Posts
26/6/202202:53THE NEW GKP / Drilling for Super Giants (moderated)656,233
19/6/202201:17Could this oil stock double in the next 3 months? Plus #gkp #lgo #lond #tsco6
30/3/202213:01THE NEW GKP / Drilling for Super Giants (moderated) MK 21,590
19/11/202113:35 Release the Krakken 23
22/9/202121:00GoatCam13

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Gulf Keystone Petroleum (GKP) Top Chat Posts

DateSubject
25/6/2022
09:20
Gulf Keystone Petroleum Daily Update: Gulf Keystone Petroleum Ltd is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone Petroleum was 271p.
Gulf Keystone Petroleum Ltd has a 4 week average price of 246p and a 12 week average price of 221.50p.
The 1 year high share price is 321p while the 1 year low share price is currently 139.80p.
There are currently 216,247,533 shares in issue and the average daily traded volume is 1,620,943 shares. The market capitalisation of Gulf Keystone Petroleum Ltd is 瞿564,406,061.13.
25/6/2022
05:05
highlander7: Malcy on GKP..... Jon Harris, Gulf Keystone’s Chief Executive Officer, said: “Following a year of strong operational and financial performance in 2021, our leverage to the oil price, low-cost production base and focus on capital discipline have continued to drive significant cash flow generation from the Shaikan Field in 2022. We have declared sector-leading dividends of $190 million year to date, $75 million of which is subject to shareholder vote at today’s AGM, while continuing to invest in the high growth potential of the Shaikan Field. We also remain focused on maintaining a robust balance sheet and today we are pleased to announce our intention to call the $100 million outstanding bond, leaving the Company debt free. Year to date production has averaged c.44,900 bopd. We are prudently managing our wells to avoid traces of water and, as a result, we are tightening 2022 gross production guidance to 44,000 – 47,000 bopd. The installation of water handling facilities will unlock upside production potential and we continue to explore acceleration options in a supply constrained market. In the near-term, we continue to progress our well workover and intervention programme to optimise production. While timing of approval remains uncertain, we also continue to make positive progress on the FDP as we prepare to resume drilling and ramp up production. Ahead of our AGM later today, I would like to thank our shareholders, employees and other stakeholders in Kurdistan for their continued commitment and support. Together, we are focused on safely delivering the significant value of the Shaikan Field.” =============================================================================== The numbers speak for themselves, despite some minor operational problems at SH-12, SH-14 and SH-15 for various reasons GKP is in a strong cash generating position even though 2022 guidance has been brought down a touch to 44-47/- b/d after 44,900 b/d in the year to date. That strong cash generation has seen $273.1m received from the KRG which has led to a cash balance of $247m as at 23rd of June, an imminent cancellation of the $100m bond and declarations of $190m of dividends this year of which $75m is subject to approval by today’s AGM. GKP is in a very strong position, like the last time some idea of production increases and when will be appreciated but in the meantime the cash generation and distribution speaks for itself.
24/6/2022
14:15
bigdog5: Did all your votes make any difference, lol. Thousands of posts from Carroll about capital restructuring and buybacks but nothing. That ought to confirm he understands fekk all but you morons will still keep buying into his BS because you're all so desperate for "his" 8 years in the coming "imminent takeaway", its hilarious. One of the worst operational updates ever imo. They've achieved virtually nothing again. Still nowhere near the 55k a day 8 years on. And yet it was supposed to be fast easy and cheap according to a guru and would only take 18 months from the plans. What predator would that be pensioner? At the first signs of an oil price correction the share price is going to plummet. Leave it to "your" experts, lol. I wonder what your "best brains on the planet" will be thinking now:-) When they can dump this loc?
22/6/2022
16:36
bigdog5: OP and share price taken a right old bath today. Wasn't oil price only going to go one way?
22/6/2022
07:05
shortsqueezer: Lovely!Gulf Keystone Petroleum Ltd. Shaikan Payments UpdateSource: UK Regulatory (RNS & others)TIDMGKPRNS Number : 7089PGulf Keystone Petroleum Ltd.22 June 202222 June 2022Gulf Keystone Petroleum Ltd. (LSE: GKP)("Gulf Keystone", "GKP" or "the Company")Shaikan Payments UpdateGulf Keystone confirms that a gross payment of $62.0 million ($48.5 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during March 2022.
20/6/2022
13:01
steephill cove: No chap ❌ The two dividends total 29p per GKP share & are paid on 15th July & 29th July 2022, provided they are both approved at the GKP AGM on 24/6 ✅ GKP Express 🚂 that will do nicely 📈🏁🏆👍 8170;
17/6/2022
21:19
nestoframpers: 548424 is missing. I have a copy though , it's about JF's and SZ's appointment AMD recruited them before she was meant to have started work for GKP ! Was she told who to hire ? Looking at what has past I'd say so. ------------------------- Here's a classic Bob to keep you going. oil_investor29 Sep '17 - 11:35 - 548430 of 655561 0 11 3 tall boy: well, Jon Ferrier has horrified when he learned that his signed letter to Oilman63 had been disclosed. It was Oilman63 who said that he expected the share price to re-rate following the revised CPR. Not me. And Oilman63 referred to that anticipated re-rate on 27 August 2015. The revised CPR was not released until 1 October 2015, it is dated by ERC Equipoise 30 September 2015. You say that an increase in numbers would lead to an expectation of a share price increase. Well that's logical, putting aside any other factors. But FIVE WEEKS IN ADVANCE? When the CPR hadn't even been signed and sent across to GKP? How does that work? Your point about debt would be valid in some scenarios, but not in this particular reality. Jon Ferrier was talking positively about the share price as late as January 2016 in his BBC Radio interview. But you rightly say there are lots of points!
17/6/2022
08:56
attyg: I use IG to follow prices etc. Every now and then I click on the "shares" tab - this lists shares in "most popular" first. Not entirely sure what the definition is. I look to see Tesla - I wanted to have the balls to short it when it was at $1,000 - but knew that might wipe me out. However, I scrolled down a few share and what did I see? About number 20 - GKP! When watching the piddly few trades on ADVFN - one realises that the LSE is far from the only market where GKP can be traded. Lots of positions being closed with the recent drop. MMs love volume. Anyhow, my personal view, the drop in oilies is overdone. Most oilies, including GKP, will do very well over the next twelve months
16/6/2022
16:38
goatcam: Genel listed at £10 and is now £1.48 GKP had a share price of £4.60 and is now at 2.74p yes the KRG is really a wonderful place to invest LOL
16/6/2022
12:18
goatcam: well the falling share price can be explained by the fall in oil price and market being nervous about Baghdad. There isn't always a constant big buy order in the shadows...
15/6/2022
08:16
beernut: The Oil Price Shock Will Reverberate Into Next Year Economy Oil Price 2022-06-14 21:54 A- A A+ Shafaq News/ Wall Street may be abuzz with talk of recession next year, but it’s a different story in the energy market. Most traders, policy makers and analysts see oil demand growing through 2023 and supply struggling to keep pace. In private, Western officials worry Brent crude will reach $150 a barrel soon from about $120 now. Some fear it keeps going higher, with wild chatter about oil hitting $175 or even $180 by the end of 2022, driven by post-Covid pent-up demand and European sanctions against Russia. And the shock won’t end this year. Amid widespread fears of an oil price spike this summer, another storm is developing over the horizon: The oil shock won’t end in 2022. It’s almost certain to roll into next year. The International Energy Agency will publish its first look at the 2023 supply and demand oil balance on Wednesday – marking the start of the annual pivot when investors increasingly focus their attention on the following year. Already, money has been flowing into the December 2023 Brent contract, lifting its price close to $100 — a clear sign traders see the tight market lasting. The higher-for-longer oil price outlook will add to global inflationary pressures and erode the margins of manufacturing companies. Guzzling Barrels Despite fears of a recession, oil traders still anticipate that global crude consumption will expand in 2023 hile everyone waits for the IEA’s forecast, commodity trading houses, oil companies, and OPEC nations and Western consuming countries have already run their numbers. Their consensus for 2023 oil demand varies between an extra 1 million barrels per day and 2.5 million barrels per day. In 2022, it is likely to have grown by 1.8 million barrels a day, according to the IEA, to about 100 million. Typically, anything above 1 million a day in annual demand growth is seen as quite robust. The supply side doesn’t look a lot better. At best, oil traders expect Russia to hold to its current level of about 10 million barrels a day, down about 10% since its invasion of Ukraine. But many believe that it may drop another 1 million barrels, or even 1.5 million barrels. The OPEC+ cartel, which started 2022 with ample spare production capacity, is reaching its own limits, too. “With the exception of two-three members, all are maxed out,” OPEC Secretary-General Mohammad Barkindo said last week, referring to Saudi Arabia and the United Arab Emirates. The result is likely the third consecutive year of drawing down existing oil stocks — and that’s after a precipitous decline in global crude and refined products inventories in the last 18 months. So far this year, Western governments have mitigated the impact of falling supplies by releasing the most barrels ever from their strategic petroleum reserves. Without further action, the emergency releases will end in November, removing the biggest cushion from the market. The refining sector represents another problem. The world has effectively run out of spare capacity to turn crude into usable fuels like gasoline and diesel. As a result, refiners’ profit margins have exploded, which in turn means that consumers are paying far more to fill their tanks than oil prices suggest. The industry measures refining margins using a rough calculation called the “3-2-1 crack spread”: Three barrels of West Texas Intermediate crude are refined into two barrels of gasoline and one of distillate fuel, such as diesel. From 1985 to 2021, the crack spread — the gap between the price of crude and the refined products — averaged about $10.50 a barrel. Last week, it surged to an all-time high of nearly $61. Very few new refineries will come on stream in the next 18 months, suggesting that cracking margins may stay sky high for the rest of the year and into the new one. The 2023 outlook has some big question marks – and most of them relate to government action. Each can shift supply and demand by 1 to 1.5 million barrels a day, more than enough to move prices significantly. The most important one is the duration of oil sanctions on Russia, themselves linked to the invasion of Ukraine. The others are China’s zero-Covid policy, Western sanctions on Iran and Venezuela, and the release of strategic reserves. Oil price shocks are typically remembered by their height. But that’s only half of the question; the other half is their duration. And that’s where the 2023 forecast outlook matters most. The last oil price spike was brief. After a gentle price increase throughout 2007 and early 2008, the rally accelerated in May 2008, with prices climbing above $120. By July, oil prices had reached their peak of $147.50 but by early September, they’d fallen to under $100. Brent traded below $40 by December 2008. Until now, the 2021-22 oil price rally has been a carbon copy of the 2007-08. In spooky fashion, the price charts track in near perfect sync. But any hope the oil market is about to follow the pattern of what happened 14 years ago misreads reality. Oil prices aren’t about to crash. A better analogy is the period between 2011 and 2014: oil prices never revisited the 2008 record high but still stayed above $100 almost without interruption for more than 40 months. Brent has already averaged $103 a barrel in 2022, above the 2008 annual average of $98.50 a barrel. The next six months may see higher prices still. But far more important is how long those prices remain elevated. For now, there’s no end in sight. Source: Bloomberg
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