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Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 3.90Bid: 3.90Ask: 4.03Change: 0.24 (+6.56%)Riser - Gulf Keystone
Spread: 0.13Spread as %: 3.33%Open: 3.70High: 4.13Low: 3.70Yesterday’s Close: 3.66


Share Discussion for Gulf Keystone Petroleum


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gazebo79
Posts: 640
Off Topic
Opinion:No Opinion
Price:3.80
Battle
Today 16:28
Of Hastings
 
Del44
Posts: 4,866
Off Topic
Opinion:No Opinion
Price:3.80
RE: Genel v GKP
Today 16:15
It really would be putting all your eggs in one basket....
I am sure MNR would manage to pull it in it's own favour...something like this only pay one payment per month.
I think if I were a GENL holder...I would be steering clear of another investment in a company that is getting as screwed over as they currently are...
BroadfordBay
Posts: 293
Observation
Opinion:No Opinion
Price:3.80
RE: Genel v GKP
Today 15:49
One of several things today that really hurt Genel was the following statement / qualification:

Expected recovery of trade receivables (P22)
The existing arrangement with the KRG is that the receivable will be paid from a percentage of total field revenue from the Company’s producing assets, Taq Taq and Tawke. This percentage is currently set at 5% and the KRG has stated that this will increase as oil price increases. If this percentage is not increased, management has estimated the present value of the receivable using life of field models as circa $300m million, which would result in impairment of circa $110 million.
Wiseman72
Posts: 318
Off Topic
Opinion:No Opinion
Price:3.80
RE: Genel v GKP
Today 15:49
Anything is possible let's face it mismanagement of GKP has turned a rough diamond into a tu&d!!

Strategically I think they would be a good fit and no doubt they were one of the 18 parties interested in M&A activity, however we all know we're not operating in a level playing field here and MNR/KRG seem to be pulling the strings so who knows what will happen.

Imagine the potential of a combined GKP/Genel I am sure the majors would be all over it.
helx
Posts: 532
Off Topic
Opinion:No Opinion
Price:3.80
RE: Helx
Today 15:41
Ooooooo......Touched a nerve have I Cityfan??.....I knew you'd have your name down on that prestigious housing complex for the less fortunate.
tcan54
Posts: 873
Off Topic
Opinion:No Opinion
Price:3.80
RE: Genel v GKP
Today 15:32
Wiseman, genel down even more, seems like they could do with Shaikan, is it possible?
gashead10
Posts: 56
Off Topic
Opinion:No Opinion
Price:3.80
RECORD DATE
Today 15:28
I telephoned Investor Relations yesterday afternoon as I wanted to clarify timings of the Record Date.
Spoke to a nice lady who advised that if the Resolution for the Open Offer is passed at the SGM, then the Prospectus has to be endorsed/approved by the relevant legal associations, which she believed could take 2/3 weeks. Taking this in to account the Record date for the Open Offer should be around Mid/Late August but has to be before 5th September. Hope this information is useful to any potential investors/the already invested.
Cityfan
Posts: 681
Off Topic
Opinion:No Opinion
Price:3.80
Helx
Today 15:18
You're a joke and you can't even see it.

Go get a real life and stop hiding behind your keyboard.
MyLastQuid
Posts: 734
Off Topic
Opinion:No Opinion
Price:3.80
Can someone
Today 14:16
Phone the bank manager and see if end of Mays and Junes funds have come through yet!! They might have forgot to tell us...
Wiseman72
Posts: 318
Off Topic
Opinion:No Opinion
Price:3.80
Genel v GKP
Today 13:54
So Genel getting hit today and not entirely surprised, they have a strong management team and balance sheet however there is no escaping the fact that their reserves are less than thought and operationally they are not performing as well as they hoped.

Complete opposite of GKP operationally performing excellent, increasing reserves but poor management and market perception.

Shame the two couldn't agree a deal as there strengths would compliment each other, if only eh!!




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