Gulf Keystone Petroleum is an independent oil and gas exploration and production company. It was founded in 2001 by UAE, Kuwaiti, Saudi and US private equity. It is now operated in the Kurdistan Region of Iraq.
Noone on these boards has a clue as to when takeover will happen mate. Its 100% reliant on payment mechanisms being locked in, not just a few under the table payments. Some kind of oil and gas law being in place if crucial, otherwise the KRG will need to push for independance. One of the two has been rumoured for years to be on the cards imminently, but has never actually materialised. Confidence is as high as ever that something is about to happen though, so lets see. Until it happens, the markets have probably rightly switched off from this and dumped the SP to a baseline. 20 billion barrels of oil are worthless if you cant sell it in any decent amount. If you wont 10 million quid on the lottery with a proviso that you can only spend 75k a year, it would be pretty much useless having the 10 million, wouldnt it?
The answer is. No one here really knows, but IMHO we [owners of GKP shares] have a lot of positive news to come in the next few months. Any 'jammer' investor who bought in first time at sub 0.50 is looking at a 5+ bagger in the medium term. Its a fair bet that a deal or deals have already been done subject to certain work being done. GKP are just the ground workers from Ireland, the main builders are standing ready to start building the mansion. GLA
Yes Kenny. Next Pancake Thursday at 9.30 for £4.37. :-)
I agree completely on that one, in fact excommunication or worse to anyone that tries by the sound of it, but how reluctant are they to let it go apto anyone is what I'm wondering. Do they imagine they can go it alone, particularily if Baghdad pay up and play ball, which imo they have little choice over, at least in substantial part an oil and gas agreement will come. Then again the Americans may only have helped the Kurds on the underatanding of future preferential treatment when it comes to sharing out Shakan. Multiple issues, multiple questions? Greta to see a high of 57.75 earlier yo lol?
To anyone who can guide me without BS Do you think a Take over is immanent? & yes ............................ the price (i know you people cannot give figures but your more in the know than i am. Thank you for those who reply
There is probably a good amount of Kurdish investors in GKP. They won't want to be sold for cheap.
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