Gulfsands Petroleum Share Discussion Threads

[mrkeysersoze] 23/3/2017 19:49

NickMann,Is there any purpose of a bulletin board? Do you wish for anyone holding stock not to post ?Not quite sure you've grabbed the concept...Mr K

[nickmann] 23/3/2017 19:09

keep ramping Mr K.
you will probably sell at 10p again.

[mrkeysersoze] 23/3/2017 18:36

Statement by the UN Special Envoy for Syria on the fifth round of intra-Syrian talks, 23 March 2017REPORTfrom UN Department of Public Information Published on 23 Mar 2017 -View OriginalThe United Nations Special Envoy for Syria, Staffan de Mistura, is pleased to note that all invitees to the fifth round of intra-Syrian talks have arrived in Geneva. Deputy Special Envoy, Ramzy E. Ramzy, has begun preliminary informal consultations with them today.The Special Envoy is returning later today to Geneva, having completed a series of consultations with international and regional stakeholders. He looks forward to formally engaging the invitees to the talks starting tomorrow, 24 March.The Special Envoy will be addressing the media at an early opportunity in the days ahead.http://reliefweb.int/report/syrian-arab-republic/statement-un-special-envoy-syria-fifth-round-intra-syrian-talks-23-marchMr K.

[mrkeysersoze] 23/3/2017 07:51

Peace talks start today....Mr K.http://english.cctv.com/2017/03/23/ARTIpVBCqHAeEb3wZu0axo2v170323.shtmlChinese envoy underlines importance of peace talks to end Syrian conflictEditor: zhangrui ?Xinhua03-23-2017 07:27 BJTShare this:Font size: GENEVA, March 22 (Xinhua) -- The Chinese government's Special Envoy on Syria, Xie Xiaoyan, reaffirmed on Wednesday the importance of upcoming peace talks seeking to broker a political end to the Syrian conflict."Everybody knows that the peace process is a long process and that peace cannot be achieved overnight," Xie Xiaoyan told reporters ahead of the fifth round of talks which are slated for Thursday."But if the parties continue to move in right direction, there is light at the end of the tunnel," he added.While lauding the progress made in the last round of negotiations which yielded a tangible agenda for future discussions, Xie reminded that only a political settlement can end the crisis which has killed over 310,000 people and displaced millions of others.He also said that rival delegations involved in peace talks should hold continued dialogues and that they should prioritize issues that have some degree of consensus.The fifth round of talks will focus on governance, constitutional issues, elections and counter terrorism, security and confidence building measures.Xie reminded that the upkeep of a ceasefire in place since December last year, which was monitored by parallel talks in the Kazakh capital of Astana, was key to give discussions the best chance of success.Referring to the outcome of the last round of negotiations which ended earlier this month, as well as continued efforts to maintain the truce in the war-torn country, Xie believed that "these are important steps forward", adding that they have "laid good foundations for the political process".He also stressed that China fully supports the UN's role as the main channel seeking to broker a political end to the over six-year conflict, and that he remained hopeful that a settlement can eventually be achieved."I've always been an optimist, as a Chinese. I think that we need patience, we need creative minds, and we need confidence no matter how complicated the matter is," he said."I think that the mere fact that the fifth round is planned and is going ahead is progress in itself," he added.

[760il] 21/3/2017 22:13

Really itchy to press the buy buy buy button repeatedly.

[nickmann] 21/3/2017 19:31

PLEASE DO NOT RAMP THIS.

WANTMOERTHAN24P is history.

i hold his assets now.
he has been sectioned.

[damien darhk] 21/3/2017 19:07

I do not like it when this thread gets crowded.


Please find somewhere else to play.

[760il] 21/3/2017 17:55

This one never disappoints when rapid salvos do happen.

[fook yu] 21/3/2017 11:31

TICK TOCK TICK TOCK

[gregpeck7] 21/3/2017 10:38

Moved a few of these over to UEN yesterday.. Looks like great timing! :D

[mrkeysersoze] 21/3/2017 09:04

Following on from post #5520:

"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 fields based on this new production information."



Production achieved:

2014 was 2,383,715bbls
2015 was 1,421,283bbls

2014 average spot oil price was an average of $95 a barrel High $105.71 low $60.70

2015 average spot oil price was an average of $50 a barrel High $62.51 low $36.57

2014 production 2,383,715bbls x $95 = $226,452,925

2015 production 1,421,283bbls x $50 = $71,064,150

Combined 2014 /2015 production gross revenue $297,517,075

"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 fields based on this new production information.

$297m Gross less all lift costs, transportation costs , profit oil cost etc etc discounted down to a {conservative} 40% Nett to GPX = $118m

$118m of back dated production costs payable to GPX upon the lifting of Syrian Oil Sanctions (due for review June 1st 2017)

These are purely the back costs and don't value the contingent 2C reserves of 69.7mmbbls of oil & condensate nor the 33.4 bcf of recoverable gas.

NOR PRODUCTION FOR ANY OTHER YEARS TO DATE

Therefore the arrived at value for back costs of $118m is expected to increase further upon the releasing of 2016 productions figures etc.



Mr K.

[irishlass2] 21/3/2017 08:40

Someone should start a petition to have sanctions lifted.

[douchbag] 21/3/2017 08:00

This will be great news for gulfsands

hxxps://sputniknews.com/middleeast/201703031051216012-eu-syria-snctions-humanitarian-crisis/

The European Union's sanctions against Syria should be dropped due to their negative effect on the humanitarian situation in the country and on the life of the Syrian citizens, the Russian Embassy to the United Kingdom said Thursday.

[douchbag] 21/3/2017 07:15

Wrong article bloody phone

[shujja1] 21/3/2017 00:06

Well if they don't stabilise the country Syrian will Enter Europe and they don't want that am sure look England left Europe for the same reson don't want France Germany to chip away they need to pay to keep them away also US is cleaning up the Isis mass at the moment with Turky Iran and Rassia and a lot of other country's joining in to help to destroy Isis I say not long matter of time all good things come to who wait

[shujja1] 20/3/2017 23:23

So they thinking of rebuilding do you understand they so much needed jobs it will bring for EU country's

[shujja1] 20/3/2017 23:21

hxxps://www.rt.com/business/339703-world-bank-syria-costs/

[shujja1] 20/3/2017 23:12

hxxps://europeansanctions.com/eu-sanctions-in-force/syria/

[bigtune888] 20/3/2017 23:10

Shujja on every dip? Surely not. Buying sub 3p? I was monitoring this every day when it was dying.


Many of the dips for last 3 years been rinse and repeats ops. After long flatlining, a few would wake it up by rapid firing on offer.


As for sanction released, another player stated this 2 months ago. It's not going to happen quickly. Everyone knows if sanction is removed what would happen.


I would like this company to actually survive though.


A few of us tried to smash 70p 4 years ago, Emerson dumped 1m+ on us. Funny thing, even if we managed to breakout past 70p, it would have still collapsed.

[shujja1] 20/3/2017 23:05

If peace goes through June 1st sanction also will get lifted as we already pumping oil we don't need to spend all the oil sold since 2011 we get payed


hxxp://www.gulfsands.com/wp-content/uploads/2016/03/GPX_AnnualFinancialResults_2015_Mar16.pdf