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GKP Share Chat - RSS Feed

Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 38.75Bid: 38.75Ask: 39.25Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.50Spread as %: 1.29%Open: 40.00High: 40.75Low: 38.50Yesterday’s Close: 38.75


Share Discussion for Gulf Keystone (GKP)


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weathervane
Posts: 444
Off Topic
Opinion:No Opinion
Price:38.75
View Thread (2)
RE: payment
Today 15:50
Please explain what Good News means, it does not apply to this outfit.
 
ddboy
Posts: 787
Off Topic
Opinion:No Opinion
Price:38.75
Barney
Today 15:05
from the darkside is posting details of a new KRG/ICG deal !!!!
Getting ready for the F1 qualifying..... come on Lewis.
DuffyMoon
Posts: 449
Off Topic
Opinion:No Opinion
Price:38.75
View Thread (2)
RE: BIR issue
Today 14:44
"The Convertibles are irrelevant, because they convert into equity..."

Not necessarily. Only if the sp goes up a fair bit from where it is at the moment.

I explained this a while ago, but in case it was missed, I'll repost.

"Those who hold the convertible bonds have an option to covert their loans to equity. It's just an option, not automatic. If they don't convert to equity, it's the same as the most recent high yield bonds - a debt that must be repaid.

The terms for conversion to equity are set out on GKP's website: at a 27.5% premium to the VWAP on 4 October 2012, giving a conversion price of $4.39.

No one's going to convert their convertibles to equity at the current sp level. If they did, it would mean that for every $4.39 worth of convertible bond debt the bondholder has, they would receive one share worth 36p. So it would only make sense for the lenders to convert their CBs into equity if the share price is higher than the conversion price that was fixed at the time of issue."
youngman
Posts: 170
Off Topic
Opinion:No Opinion
Price:38.75
View Thread (2)
payment
Today 14:12
Have been trying not to look on here .Too depressing managed three weeks so far . Been invested here since 2008 and several thousand in the red . Anyone got any good news
NickiMinaj
Posts: 3,013
Off Topic
Opinion:Strong Buy
Price:38.75
View Thread (2)
BIR issue
Today 13:23
This was covered in the CPR.

As at 31 December 2014 the KRG owed Gulf a net $252 miillion. In addition, there is over three quarters of a billion dollars of additional recoverable costs net to Gulf. So the total sum due to Gulf, though not all of it is overdue, is IN EXCESS OF ONE BILLION US DOLLARS.

The Swami has set that out, crystal clear, for every dog and his cat to read.

The monies already overdue EXCEED THE $250 MILLION BORROWED BY GULF ON THE BONDS.

The Convertibles are irrelevant, because they convert into equity. In effect, Gulf has NO DEBT.

And the assets, at the current share price, are IN FOR FREE to use analyst-speak.

Swami Zouari is very obviously fully aware of this.
dragonfly03
Posts: 91
Off Topic
Opinion:No Opinion
Price:38.75
BIR
Today 12:48
When was shaikan classed as a commercial discovery?

Shaikan Field Development Plan was approved in June 2013

How long do the KRG have to exercise the BIR?

I would say they expired and the BIR are owned by GKPI

Once the exercise of the BIR take place the KRG if they exercise the BIR, then they are responsible for paying 25% of all the costs from that point.

Are shareholders carrying 75% of the Shaikan Costs of development and associated costs (etc)

Why as the CFO allowed this to continue , its a drain on funds , and if GKPI had sold the BIR as the KRG MNR did not exercise them, then surely the CFO should be trying to keep the costs down and off load the 25% BIR-at worst the BIR should be awarded to GKPI ASAP.

Its time in my opinion the CFO and Board act to recover 25% of all costs since the BIR have not been exercised by the KRG MNR , thus the KRG MNR have broken another legally binding contract.
NickiMinaj
Posts: 3,013
Off Topic
Opinion:Strong Buy
Price:38.75
Jeremy Asher
Today 12:37
Owns 15 million shares.

Do YOU know what he thinks about the CPR?

Why does he still have those shares???
DubleD
Posts: 728
Off Topic
Opinion:No Opinion
Price:38.75
Jdrobbo
Today 12:27
There has been many over the years. Who come on here spouting a very similar story...

"I m in the know"
"I own millions of shares"

I Don't think I need to name them. If you ve been around here for a while. Looking in. You'll know who I mean. If any of it was true. They wouldn't spend hours of their time posting on a BB.
ddboy
Posts: 787
Off Topic
Opinion:No Opinion
Price:38.75
My
Today 11:44
goodness there is some serious sniping and ******** on eye eye eye today ; even more than usual. Lovely day in Norfolk.
NickiMinaj
Posts: 3,013
Off Topic
Opinion:Strong Buy
Price:38.75
DuffyMoon - Allards
Today 11:26
Thanks for that. I don't think his second one (with the twin engines) still exists. John Cooper famously put a second engine in the back of a Mini in the 60s (he would have known about the twin-engined Allard) and it flipped, almost killing him. It's a highly specialised game, performance 4WD chassis design! We owned Jensen's first "FF" (the 4WD Interceptor) many years ago...the legendary "JEA 4D"...but it was subsequently broken-up for spares. We also had their first Interceptor, "HEA 4D". That one still exists. Ginger Baker had three FFs...he was already my favourite drummer, but that put him in a class of his own! All the modern 4WD cars descend from the Jensen FF, including my Audi TT "hack". Audi bought a Jensen FF (in 1967, from memory) for "evaluation" lol.





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