Register
Login:
Share:
Email Facebook Twitter


UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme
RESULTS: IFA led wealth managers AFH Financial results show strong growth


Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 214.00Bid: 213.50Ask: 214.50Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 1.00Spread as %: 0.47%Open: 208.00High: 215.50Low: 208.00Yesterday’s Close: 214.00


Share Discussion for Gulf Keystone Petroleum


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

TaffEvans
Posts: 6,201
Opinion:Strong Buy
Price:214.00
RE: RE: ALSO
Today 13:46
Unfortunately for some long term holders seeing GKP prosper would be their worst nightmare come true. They would prefer to remain bitter and twisted GLA
 
CCC.
Posts: 241
Opinion:No Opinion
Price:214.00
ShaMaran Reports 140% Reserve .....
Today 13:29
surreyscot
Posts: 1,173
Opinion:Strong Buy
Price:214.00
RE: RE: ALSO
Today 13:17
There is obviously a good reason why the Reserves update has been delayed. Probably the KRG until the O&G Law is signed and sealed.

It wont just be new investors who benefit , those with the nous to keep there original shares AND buy more will also reap the reward of faith and patience.

IMO
TaffEvans
Posts: 6,201
Opinion:Strong Buy
Price:214.00
RE: RE: ALSO
Today 13:02
I can feel your anger. Never mind those buying in now will see their investment multi multi multi bag.
d0dger55
Posts: 225
Opinion:No Opinion
Price:214.00
RE: RE: ALSO
Today 11:11
This list is endless.... ferriers lies, cover ups lip service dont cut it anymore!.... 2nd amendment, Q3,Q4 now halfway thru Q1 2019!!... still no CPR even tho MOL expected end 2018? With increase in reserves!!.. then theres the endless push backs on production increase??? Nearly 10 years since discovery with shaikan producing over 50m barrels with little maintenance!... wheres the oil sales agreement that ran out dec 18?? ....
owenjones
Posts: 45
Opinion:No Opinion
Price:214.00
RE: ALSO
Today 09:56
So, if we have 3km of pay, condensate and a quarter of the OIP in the fractures then where's the new CPR?
surreyscot
Posts: 1,173
Opinion:Strong Buy
Price:214.00
RE: BidDog
Today 09:16
Ah yes BD5 , the gullible retired back office payroll administrator , with a lifetime of sat on his a*rse drinking coffee and believing BS.
.
Ramped it all the way down ( His £15.00 Exxon offer was a classic ) now deramping it all the way up.

At one time he reckoned $63 a share ( ~ £4800 today ) LOL

Dear oh dear.
TaffEvans
Posts: 6,201
Opinion:Strong Buy
Price:214.00
BidDog
Fri 18:01
Reckons we are worth 19 billion and he's a deramper. I'm not so reckon 20 billion lol That will do nicely thank you very much
TaffEvans
Posts: 6,201
Opinion:Strong Buy
Price:214.00
300p +
Fri 17:35
Which month this year i wonder !!!!
TaffEvans
Posts: 6,201
Opinion:Strong Buy
Price:214.00
Oil Price
Fri 17:31
Up up UP
owenjones
Posts: 45
Opinion:No Opinion
Price:215.00
RE: ALSO
Fri 15:42
Surrey. Ferrier also said that he wasn't at the Finding Petroleum event January 18 when Kathy Kelly presented. He is, however, on the list of attendees.
surreyscot
Posts: 1,173
Opinion:Strong Buy
Price:214.00
CORE SAMPLES
Fri 14:51
Core samples taken from a well are not OLD data. ( google core sampling )

They are current data, Because if you took another set tomorrow they would be exactly the same as a set taken 100 years ago. ( were that possible)

Misleading to put it mildly.
surreyscot
Posts: 1,173
Opinion:Strong Buy
Price:214.50
RE: Jon at Geological Society...
Fri 14:35
I quote

"The work was done recently but the data was from a long time ago and nothing to do with certainly my tenure at the company'"

So he knew about it and by implication the Chinese involvement.
surreyscot
Posts: 1,173
Opinion:Strong Buy
Price:213.50
RE: Jon at Geological Society...
Fri 14:10
So who approved the drilling work on SH-1 ?
Which was on JF's watch ?
MikeyT21
Posts: 31,274
Opinion:No Opinion
Price:214.00
RE: SALE OR NO SALE
Fri 13:49
Addax . . Sinopec
Cockeye
Posts: 502
Opinion:No Opinion
Price:215.00
Jon at Geological Society...
Fri 13:27
I've just listened to the audio of the event. After attempting to suggest it was a old study, and 'we had nothing to do with that', yet when the questioner points out that it 'didn't seem that long ago' he says 'The work was done recently but the data was from a long time ago and nothing to do with certainly my tenure at the company'.

The work was done recently yet the data was from a long time ago...How does that work exactly? The work was done recently, so therefore during his tenure, but the data the recent work was based upon was old? And nothing to do with him. Hmm.

Any amateur sleuths out there? Although we may need a protractor for this one. :)
Point1
Posts: 158
Opinion:No Opinion
Price:215.00
RE: SALE OR NO SALE
Fri 13:10
Thanks for that. We all get banned on the blogs. It's as corrupt as anything over here . Still, gotta laugh.
ANGINA
Posts: 120
Opinion:No Opinion
Price:215.50
RE: SALE OR NO SALE
Fri 12:33
Please re-invent yourself Trev - you obviously post items wjhich are close enough to the truth to upset the controllers of this repository.
Du må Ikke gå vekk pga de som er redde fra deg ;) skift navn din !
surreyscot
Posts: 1,173
Opinion:Strong Buy
Price:213.00
RE: SALE OR NO SALE
Fri 11:42
Dont let them drive you off the board T . Thats exactly what they want you to do. Ive been fighting these city spivs for years. Take them on . Post facts and knowledge because they have no answer to either.

BTW I agree 100% re comment re the Chinese , who , as you know take a generational view of assets. I also agree that Corporate action is close. As to what exactly that will be remains to be seen.

Good luck in whatever you chose to do.
owenjones
Posts: 45
Opinion:No Opinion
Price:213.00
RE: ALSO
Fri 11:25
57m barrels of production and they've barely scratched the surface.

BTW, Invstrat that MOL $8 a barrel is their M&A figure. It is not the revenue.
Trevanian
Posts: 10
Opinion:No Opinion
Price:213.00
RE: SALE OR NO SALE
Fri 11:24
#1 I have had two of my devices prevented from posting comments to this site.
#2 800m effective 2P is the very minimum reserve level the company has at its current WI of 80%. A typical M+A valuation applied $boe would be typically a multiple of 14-16, for reserves of such scale. $ 12bn some £40 a share in current issue. I read speculation that the company has bought back its own shares using a third party via broker or banker. Until confirmed this is obviously speculation. It is clearly what the company should have been doing as it would add even higher upside for remaining investors.
#3 An additional valuation metric is $ paid per flowing barrel. This reflects the lifecycle stage of the project, the fact that production infrastructure exists, and revenues are in place. It also widely fluctuates dependent upon a resources growth potential and lifetime. In the case of Shaikan it is very early stage, high growth potential, and if the directors are to be believed, has a lifetime of perhaps as much as a century. On this basis the valuation could be a good deal higher.
#4 the real valuation is what a buyer is prepared to pay. If the Chinese are the buyers exclusively or as part of a consortium then the mandate these state led organisations have, is to ensure Chinese state access to long term reserves, with cost secondary. The Chinese would place reserve securitisation above price.
#5 CNPC is the clear suspect as buyer had around 3.6bn reserves 2017 reports. We can see therefore that acquiring GKP would add transformational to these, with the considerable advantage that if oil prices were too fall, these reserves can still be booked as commercially recoverable , at far lower crude price models, as the lifting costs are so low.
#6 I maintain that a minimum of 800m 2P is effective. It is very likely with EOR and future discovery, and with the real possibility the matrix is releasing oil to fractures, that this is very conservative.
#7 The Chinese will also know that, and would potentially pay a large premium. Sinopec for example has in the past paid more than $1bn to drill far smaller unproven acreage than Shaikan.
#8 this will be my last contribution to this forum, and I wish genuine investors every success, and believe that that success is likely near term. Man ska inte skåda given häst i munnen.
owenjones
Posts: 45
Opinion:No Opinion
Price:212.50
RE: ALSO
Fri 11:19
I cannot recall GKP previously saying that there was 3 Km of pay at Shaikan with a bit of anhydride (salt) in the middle. The Jurassic, alone, is ‘three Shards’. So, one third of it from Burlington House to Heathrow.

Shaikan is clearly colossal.
Cockeye
Posts: 502
Opinion:No Opinion
Price:212.00
RE: SALE OR NO SALE
Fri 10:13
'Based on his $8pb (where did that come from ?)'

MOL's recent presentation.
Invstrat
Posts: 575
Opinion:No Opinion
Price:212.00
RE: SALE OR NO SALE
Fri 10:10
Looking at T21's calcs.
Based on his $8pb (where did that come from ?) makes Shaikan worth at Best

2P 622 + 2C 239 = 861,000,000 at $8 per barrel yields $6,888,000,000

So if SH has potential revenue of $6.9B to a prospective buyer then they would not pay that for the asset as they would have future costs associated with CAPEX,OPEX, and a profit to show on the operation over X? years.
GKP's 58% would be our share in the SP of a damned siight less than the $6.9B.
owenjones
Posts: 45
Opinion:No Opinion
Price:215.00
RE: ALSO
Fri 09:02
Last Thursday GKP said that production was not being affected by reservoir pressure decline. Kathy Kelly had said a year earlier, in the same lecture theatre, that the pressure was showing signs of leveling off and that GKP did not understand the reason. Is it that the matrix is releasing oil? Trevanian referred to this the other week, I believe, after examining the released production data for 2018.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.