Gulfsands Petroleum Share Discussion Threads

[mrkeysersoze] 28/3/2017 08:02

2015 Annual accounts released 18th March 2016 so I would expect to see 2016 accounts released any time now.I also expect the value of Gulfsands Syrian Block 26 to have a higher valuation....Mr K.

[wantmorethan24p] 27/3/2017 19:51

hxxp://www.aljazeera.com/news/2017/03/backed-syria-forces-resume-fighting-tabqa-dam-170327173005420.html


getting there.

[wantmorethan24p] 27/3/2017 18:24

20p my end of december 2017 target price.
may be more if putin and trump sort out this mess.

[wantmorethan24p] 27/3/2017 17:29

worth a read to any newbies out there.

hxxp://www.alignresearch.co.uk/wp-content/uploads/2016/04/GPX-Align-Research-Final.pdf

[wantmorethan24p] 27/3/2017 15:55

20p year end target.

the war should be over by then.

[wantmorethan24p] 27/3/2017 11:31

IS SINOCHEM STILL RUNNING THE WELLS???

so whose been pumping oil from the wells.

[wantmorethan24p] 27/3/2017 11:30

MR K backcosts running into over $100m.thanks for the report MR K.



MrKeysersoze21 Mar '17 - 09:04 - 5544 of 5574 0 0
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."

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

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

[nickmann] 27/3/2017 08:53

changed my mind back in here.
the war may be over quicker than we think.

new target price 15p when war is over.
25p when backpayments are paid.
30p when production starts.

[mrkeysersoze] 27/3/2017 07:24

US increasing the push to eradicate ISIS gaining further ground!!https://www.google.co.uk/amp/www.bbc.co.uk/news/amp/39401326Mr K.

[shujja1] 27/3/2017 00:09

Keep waiting lol

[nickmann] 25/3/2017 20:51

no end to war here imo.
its gonna take a good few years still.
target now revised to 4p.

[nickmann] 25/3/2017 20:42

not all good news.still expect my 5p target price.

[mrkeysersoze] 24/3/2017 14:24

Trump is sending in support won't be long before IS is defeated....... not much left for them to fight for....http://www.usatoday.com/story/news/world/2017/03/24/french-defense-chief-battle-syrias-raqqa-within-days/99572220/Mr K.

[nickmann] 24/3/2017 11:34

am sticking to my 5p target here.
it will be several years before normality returns to Syria.

[damien darhk] 24/3/2017 10:38

Lurking

I may buy some at 2p- 3p. It will take a few years for sanctions to be removed alas.

We will have to wait for EUSSR aka ISIS supporter to be dismantled by 2019-2020

[mrkeysersoze] 24/3/2017 09:31

Why do you think all of a sudden gpx is being shorted?It's mainly one PI selling Mr K

[nickmann] 24/3/2017 09:24

easy to short as well due to small amount of free float.
5p is my target.

[irishlass2] 24/3/2017 08:15

Looks like it's being shorted this morning. Happy to sit and wait for the uptrend.

[irishlass2] 24/3/2017 08:15

Looks like it's being shorted this morning. Happy to sit and wait for the uptrend.

[nickmann] 23/3/2017 22:07

calm down MR K.
AM NOT WANTMORETHAN24P.

see where this settles after peace talks.
5p my guess.
its less free float hence which makes this volatile.
am a buyer at 5p.

[mrkeysersoze] 23/3/2017 21:17

Nick Mann or Wantsmorethan24p,Please define your interpretation of a ramper?I'm somewhat confused as I have posted recent press articles which contain links to the actual articles which relate to both GPX & Syrian developments...If I have posted anything that is not factually correct, please be as kind as to highlight such instances...Mr K.

[nickmann] 23/3/2017 21:01

thats what you call a 10 baggar MR K.

d.y.o.r.