Gulfsands Petroleum Share Discussion Threads

[wantmorethan24p] 03/1/2017 09:25

thats jan 1st news.
its jan 3rd now.

[buffet_take_note] 03/1/2017 00:31

www.aljazeera.com/amp/news/2017/01/syria-army-presses-fight-damascus-truce-170102180153002.html?client=safari

[shujja1] 02/1/2017 14:01

hxxps://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/

2014 oil produced was 2.7 m bbl at 99 dollers that's 270 million then add 2015 and 2016 could work out to well over 350 millions dollers In total that's about 50p a share back payment then add the company value

[wantmorethan24p] 02/1/2017 11:43

good find...

wander what the exact figure is.

[richie666] 02/1/2017 08:55

Well spotted Shujja. We aluded to that here -

"These figures does not take into account GPX’s interests in Morrocco, Tunisia and Colombia though (to which we currently ascribe nominal value) but more importantly there is no value in this figure for back payments due from their partner in Block 26 – Sinochem that has been estimated at several tens of millions of dollars."

[buffet_take_note] 02/1/2017 01:35

All irrelevant until sanctions are lifted, so the most important question is when will that be. All depends on how things pan out with the ceasefire/isis get taken care of. Hopefully trump will accelerate it....

[shujja1] 02/1/2017 01:20

This is looking bigger then I thought orignely.

[shujja1] 02/1/2017 01:18

Money owed to Gpx on block 26 2014 ,2015 and 2016 up to today's date please read I work out 8 million bbl 4 million to Gpx even at 70 dollars 280 million dollars please read below .


at the Khurbet East Production Facility. Furthermore DPC advised for the rst time that this alternative export method had been in operation throughout 2014 and 2015, and that oil production during this period via this export method was an additional 3,138,739 bbls (2014: 1,984,390 bbls, and 2015: 1,154,349 bbls). Based on this new production information, the Group has updated the previously reported total oil production for 2014 of 399,325 bbls of oil to 2,383,715 bbls of oil via both export methods. 2015 total oil production via both export methods is now updated to a total 1,421,283 bbls of oil. The Group has not recognised any revenue for this or indeed any production, post the imposition of EU sanctions, but has updated its remaining recoverable resource volumes for these elds based on this new production information. The Group has evaluated that it holds within the Massive, Butmah and Kurrachine reservoirs of Khurbet East eld, and the Youse eh eld, 2C Contingent Resources of 69.7 mmbbls of oil and condensate, and 33.4 bcf of gas (working interest basis). The Group has also evaluated that the oil discovery at Al Khairat contains 2C Contingent Resources of 12.0 mmbbls of oil (working interest basis). These resources have been subject to external audit

[wantmorethan24p] 31/12/2016 22:54

good news.
Happy New Year to everyone and the best for 2017.

[shujja1] 31/12/2016 21:28

A final text of the UN resolution dropped the word "endorsed", stating, instead, that the Security Council "welcomes and supports" efforts by Russia and Turkey to end the crisis in Syria


That's good news Russai goes to UN for they blessings and they give they blessing for a peaceful Syria sanctions should not take long to be lifted

[hjfe] 31/12/2016 18:44

UN endorses ceasefire

hxxp://www.bbc.co.uk/news/world-middle-east-38475830

[wantmorethan24p] 30/12/2016 20:43

hxxp://www.nytimes.com/2016/12/30/us/russia-vladimir-putin-donald-trump.html

[wantmorethan24p] 30/12/2016 17:29

hxxp://www.redcross.org.uk/Donate-Now/Make-a-single-donation/Syria-Crisis-Appeal/Syria-Crisis-Appeal-search?gclid=CJH889G4nNECFeUy0wodTkoNag

[wantmorethan24p] 30/12/2016 13:39

well done PUTIN..THINK HE CANNOT WAIT FOR TRUMP.



hxxp://news.sky.com/story/putin-no-expulsions-in-response-to-us-sanctions-10711864

[wantmorethan24p] 30/12/2016 12:32

market closed ...

settle for todays price.
a slow march towards 24p.

also see if the cease fire holds for 3 days until markets reopen again.

[wantmorethan24p] 30/12/2016 10:06

gone all quiet.
which is good.


buy before the tipsters.

[hjfe] 30/12/2016 09:32

Looks like this will turn blue soon - confidence will build if the ceasefire continues to hold. Putin holds all the cards here - if he wants it to hold, it will hold. All part of his exit strategy.

[wantmorethan24p] 30/12/2016 09:30

so the market makers had a little tree shake in the morning trying to get some cheap shares to sell at higher prices.

it worked as there was more selling pressure.

[niceyman1] 30/12/2016 09:26

Tick up coming!

[wantmorethan24p] 30/12/2016 09:20

Of course, for the real gamblers amongst you, the minnow that is Gulfsands Petroleum and for which we have covered in depth HERE, could provide serious multi-bag returns should Block (26) be sold/sanctions removed in Syria.

[wantmorethan24p] 30/12/2016 09:10

cash will not be a problem for GPX because Ayman Asfari is a major shareholder and he is also the Chief Executive of Petrofrac.

They also have a Russian investor who holds nearly 37% and also Richard Griffiths ex evolution who is a major shareholder owns 31%

as you see they are backed by some heavyweights...

and not forgetting this man Al Mashreq who is Asaad cousin and he owns around 7m shares(1.35%).

once the war end game is near ie could take 6 months then just wait and see where the share price is..

a nice tuckaway at current prices me thinks.

[wantmorethan24p] 30/12/2016 09:00

my 2 tips for 2017 are Genel and Gulfsands...

both have potentials to be 5 baggars..

i like risk alot of risk and gamble.

before i was only in Genel but after doing very very extensive research on GPX..i liked what i found out.

[wantmorethan24p] 30/12/2016 08:58

ok then Sinochem will buy the 50% they do not own.