Hi LOS I think your mainly right, however if we did buy GKP, with our finance we could get Shaikan up to 100k BOPD in no time at all. Thats is a lot of no risk oil. Remember last year we spent £300+ million on mainly dry holes. And GKP share price at a near all time low and with debt to repay by 30th June. Who knows..... I could think of worse investments than GKP. Hopefully also get our news on the Gas contracts in June and the sale concluded. Lots of discussion today about boots on the ground to stop ISIS or at least starting a meaningful debate about the problem. Good Luck All.
phatstyle & GKP
I think thats a very bullish view on GKP, personally I wouldn't like to see Genel get involved with them. I think a lot of this Genel/Gulf Keystone speculation is fuelled by the press and bb interest in GKP. Genel are a far superior outfit in my opinion and we don't need to load our balance sheet up with debt. Genel have some world class assets, a robust balance sheet, great future and a fantastic management team ! I do agree that the payments next week will speak volumes and in the short term thats all that drives the sp.
Will we won't we.
Should know in the next few days if Bagdad are going to cough up their budget payment for this Month. If not it really must be time for Kurdistan to think about going it alone. Wonder why it's taking so long for TH to sort out the gas deal. Come on Tiny crack on. As Phat says we could very quickly ramp up GKP files from 40k to 100k or more. Oil price is on the march, we might even bring Ber Bahr drilling forward to this year. Wonder what new role TH will take when he steps aside. El Presedente......
Positives - more bargaining power against KRG -funds from Genel can easily upgrade the wells -money owed to gkp is nearly their current market cap Negatives -debt Seems that the positives outweigh the negatives I guess what payment the KRG get next week from Baghdad will speak volumes in how this payment structure will go ahead
With the way things are, we all in the same situation. I think consolidation is the way forward, speak with one voice, bigger bargaining chip when dealing with krg. Whether its in a form of farming contracts or a GENL t/o of GKP im not sure yet
i don't want to see us get involved with GKP either. would rather go after someone else like DNO. in this low oil price environment having a robust and strong balance sheet is imperative the last thing i want to see is Genel load it up with GKP's debt.
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