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Ariana forecast 47% rise in Kiziltepe gold production Watch here

Ariana forecast 47% rise in Kiziltepe gold production


Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 158.00Bid: 157.40Ask: 158.00Change: 4.80 (+3.13%)Riser - Gulf Keystone
Spread: 0.60Spread as %: 0.38%Open: 156.40High: 160.00Low: 153.80Yesterday’s Close: 153.20


Share Discussion for Gulf Keystone Petroleum


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cruisequeen
Posts: 101
Off Topic
Opinion:No Opinion
Price:156.60
My thoughts on BOD
Today 12:41
Not fit to shovel sh#t
 
Invstrat
Posts: 457
Off Topic
Opinion:No Opinion
Price:154.60
RE: 600m Back Payments
Today 10:13
Exactly my sentiment and source of my ongoing grumpiness FH1:
$620M + compound interest back over 3 yrs is a tidy debt owed to a small, struggling UK company operating in a lawless, tribal environment.

Just why JF didn't use it to fend off the 100:1 wipeout remains a serious point which he has to come clean on:
Was it his fear of the allmighty MNR & it's associated mafia (their bid for a breakaway state certainly turned that into a damp squib to our costs !)
Was it wise counsel from the implanted MP (as if !)
Was it a simple ploy to wipe out us lowly PI's in favour of the BHs (or those who stand behind them in the shadows ?).

It will all have to come out in the wash (and heads will surely roll for a BoD making unsound deals with the devil when a perfectly functioning UK legal system would probably have protected the shareholders) - or heads will have to roll if it doesn't.
Whatever.
FlyingHorse1
Posts: 1,788
Off Topic
Opinion:No Opinion
Price:155.00
View Thread (2)
600m Back Payments
Today 09:37
So BoD have confirmed that MNR owe 600m in back payments. This roughly equates to the debt that was swapped at 100:1 for PI equity. Interesting that crash in oil price didn’t impact this figure. So if MNR had paid this then restructure wouldn’t be necessary. Have BoD really done everything they could to protect equity. Why didn’t they take MNR to court?
FlyingHorse1
Posts: 1,788
Off Topic
Opinion:No Opinion
Price:154.80
RE: Brent approaching $74
Today 09:32
News flow gets better and better every day. Mind still not happy with BoD.
Bantercity
Posts: 64
Off Topic
Opinion:Strong Buy
Price:153.20
Brent approaching $74
Today 07:09
Oil price hitting new recent highs.
lee1966
Posts: 16
Question
Opinion:No Opinion
Price:153.20
Share Price
Wed 20:03
When will it hit 1400p so I break even on my doe? Also when do the dividend start?
FlyingHorse1
Posts: 1,788
Off Topic
Opinion:No Opinion
Price:153.20
RE: Capital Restructure
Wed 19:29
Yes it seems they have too much money now and are trying to figure out what to do with it. A bond buy back is an obvious one. They have plenty of cash to get to 55k and even 75k with no debt. This stock is looking way undervalued. There is also the matter of $600m outstanding payments from MNR. As soon as new agreement is announced there will be a rerate. Expect 300p this year and 600p next year.
FlyingHorse1
Posts: 1,788
Off Topic
Opinion:No Opinion
Price:153.20
RE: Capital Restructure
Wed 19:24
Eye go to webcast on GKP site.
Lemming99
Posts: 651
Off Topic
Opinion:Strong Buy
Price:153.20
roller coaster
Wed 18:43
it's been a curious last 5 days of trading; possibly some profit taking going on?

DNO up nearly 14% in the past week (up lots today, I wonder if someone moving investments from GKP to DNO)
GKP up nearly 13% in the past week (would have been up 19% on the week this morning)
GENL down nearly 2% in the past week

What's for sure is that there's money in them der hills.

Interesting article from ocelot
https://www.bloomberg.com/news/articles/2018-04-17/opec-russia-talks-set-to-sustain-oil-cuts-even-as-glut-vanishes

it seems Saudi Aramco may get their $80 wish afterall prior to float
Lemming99
Posts: 651
Off Topic
Opinion:Strong Buy
Price:153.20
RE: Capital Restructure
Wed 18:39
hey cockeye,
re: the capital restructure, it's all in the last couple of minutes of the call. If you haven't got 30 mins for the whole call I would listen from minute 24 for 7 minutes.

you learn things like Jurassic wells cost $20m and $8-$10m to tie into flow line. A workover (ESP installation) is $4m per well (not gone out to tender yet) and that they're looking at all options for capital structure. They couldn't say that they're looking at a bond buy-back, but that was one of the contexts (excuse my engrish) from the question.




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