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Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 48.75Bid: 48.75Ask: 49.25Change: -1.25 (-2.50%)Faller - Gulf Keystone
Spread: 0.50Spread as %: 1.03%Open: 50.50High: 52.00Low: 48.00Yesterday’s Close: 50.00


Share Discussion for Gulf Keystone (GKP)


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CHUNK
Posts: 1,792
Question
Opinion:No Opinion
Price:48.75
NM...
Today 17:21
was that the one written by Michael Howard MP senior aide and advisor to our very own Ashti.
 
Dibendra
Posts: 111
Off Topic
Opinion:No Opinion
Price:48.75
Perella
Today 17:19
Big hitters

Big deals

50 p take out ?

Unlikely

In its short existence, Perella Weinberg Partners has advised on transactions valued at more than $800 billion, including monumental M&A deals like Medtronic, Inc.'s $42.9 billion acquisition of Covidien plc., Numericable Group SA's €15.5 Billion acquisition of SFR Vivendi, and NYSE Euronext's $10.2 billion sale to Intercontinental Exchange. In addition, Perella Weinberg Partners has worked on several high-profile restructuring engagements, including advising a stakeholder on Energy Future Holdings' $50 billion restructuring, the equity committee on Calpine's $23 billion restructuring, and certain creditors in connection with Delphi's $22 billion restructuring.
NickiMinaj
Posts: 1,893
Off Topic
Opinion:Strong Buy
Price:48.75
carveygyber
Today 17:11
The KRG have looked after Gulf on several occasions...their letter about Excalibur being a good example!
NickiMinaj
Posts: 1,893
Off Topic
Opinion:Strong Buy
Price:48.75
SopwithPup
Today 17:06
It would have been a '62. I've owned 991 EXK from that year. My former lead guitarist had an 848 with freeflow manifold and Weber...they can actually be quite quick! btw Syd Barrett had a Mini.
"I've got a Box, and the keys to fit the locks..."
CHUNK
Posts: 1,792
Observation
Opinion:No Opinion
Price:48.75
Because of the....
Today 16:57
foreign bribery laws in the States maybe the KRG would prefer a less transparent partner.
Chandley-1976
Posts: 3,230
Off Topic
Opinion:No Opinion
Price:50.00
Carvey
Today 16:46
Agreed.... we were 'allowed' to sell to local markets and stop exports. That wasnt us getting our way and playing a strong hand via stopping exports, in some protest over non payments. It was the KRG saying.... listen boys, we hear your complaints and get that youre under the cosh big time, so sell your oil to local markets, keep the lions share of the income since we owe you a packet, and keep on trucking to tick things over until things blow over with Baghdad, or even to get a few quid in to avoid looking like desperate, optionless schumucks when we allow Exxon etc to have a word about buying you out for 250p all in, because we actually want them operating Shaikan to get her production ramped up ASAP. Thats always been the deal boys. You take us past development and to early production, then you all stand aside as rich men, having done a job for us. Simple.

If any of the KRG oilies went bust due to their Kurd debts not being paid, the KRG would have a massive amount of egg on their faces, right at a time where they need foreign investment as badly as ever.
Chandley-1976
Posts: 3,230
Off Topic
Opinion:No Opinion
Price:48.25
Nicki
Today 16:41
Dont they need another PF to raise it to 100k? I know they have the wells available, no problems at all. Theres more to it than wells though eh?

Either way, the crox of what Im saying is that we dont have the cash, resources, or time, to ramp up production to anywhere near the levels indicitive of am industry driving monster like Shaikan, even if shes being treated like a middle of the road field at the moment. People think that 11 wells on Shaikan in 6 years is impressive. I think its rubbish, snails pace, drawn out and staged for the sake of allowing cogs to fall into place/only spending money available. JG has said that SH needs 100+ wells at its peak production of 400/500k a day, may moons down the line. That would take GKP until about 2065 though. Somebody like Exxon could drill 10 wells a year without breaking a sweat, rather than having 1 or 2 on the go at onces, swapping rigs out when need be, etc etc. Whats $200 million to drill a well when youre Exxon, Chevron, Total, Sinopec, etc etc? Its chump change for those cats.

We just need to keep the pennies trickling in somehow to keep our heads above water until that offer is agreed. I almost said until that offer arrives, but clearly one already has. Its just a case now of waiting on one being deemed fit for purpose, from a suitable company, in the eyes of the KRG. Its likely not up to John and his chronies who we sell up to in truth. We probably wont ever be able to consider the ones that the KRG doesnt like. Just ask Rex.
SopwithPup
Posts: 17
Off Topic
Opinion:No Opinion
Price:48.75
View Thread (2)
RE: SopwithPup
Today 16:40
Yes it 62/63 I think. I picked it up from just outside Maidstone in 67 - the summer of love. I think he brought it in from Jersey it had a few little extras that export models had then, fabric on the A pillars, Cooper seats, two spot lights on the front, a large bore exhaust and bluespot fog light on the rear. All this dragged around by an 848cc engine - what power!!!
carvegyber
Posts: 5,210
Off Topic
Opinion:No Opinion
Price:49.00
NM
Today 16:35
The point to note from Shak is that this now has time to sort funding out or conclude a deal. At least until October. So we have 8 months to wait for:

1. Payment for exports
2. Back costs
3. Takeover/asset sales
4. Funding in the form of loans, more bonds or rights issue.....

We have options. The timing of this $26m prepayment is intriguing indeed. Almost seem to be designed to strengthen gulf's hands in 3 and 4. Someone is looking after us....
NickiMinaj
Posts: 1,893
Off Topic
Opinion:Strong Buy
Price:49.00
Chandley 100k bopd
Today 16:34
Gulf already have enough wells to produce 100,000 bopd.

What's needed is the pipeline connection (100k bopd by road to Turkey is as mad as a box of frogs) and additional processing capacity. Rent it?





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