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Gulf Keystone Petroleum Share Chat (GKP)

Share Price: 4.70Bid: 4.70Ask: 4.84Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.14Spread as %: 2.98%Open: 4.75High: 4.95Low: 4.55Yesterday’s Close: 4.70

Share Discussion for Gulf Keystone Petroleum

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Posts: 56
Off Topic
Opinion:No Opinion
RE: Shareholders Agreement
Today 15:28
Well now that we have been mugged ...I guess that the IMF IRAQ Corporate Governance team would like to hear what's happening to companies like GKP.. This will help the KRG pledge for more funds and gain international recognition quicker and increase its capacity building by attracting more oil companies to come and also invest in infrastructure to help support its population...what goes round comes round ...I personally would no longer be reading the future sections on GKP Corporate Governance Report : the current one on Page 55 reads : One of the Board's primary responsibilities is to ensure that the Group is run in the long -term interests of our shareholders and wider stakeholders...what a waste of salaries being paid each month ...I hope shareholders are taking time to write to authorities ..thanks every body for sharing their knowledge ....This is the link to IMF IRAQ....I hope the corporate governance team of GKP write to them too....every little help counts!
Accountability :

IMF Integrity Hotline
Integrity Hotline
Talk with us on the IMF Integrity Hotline: 800 548 5384

Resident Representative for Iraq

Marwa Alnasaa

Resident Representative

Dr. N. Abu-Aishan Bld. Floor #2
1 Saeed Al Mofti St.
Swifiyah Amman 11185, Jordan

Tel: (962) 6-5861598
Fax: (962) 6-5861572
Posts: 710
Opinion:No Opinion
Oil & Gas 2016
Today 13:28
Proud Bronze sponsors of...

How much does this cost GK???
Posts: 3,630
Off Topic
Opinion:No Opinion
View Thread (2)
Today 13:25
i see your only contribution to this BB remains telling other posters you disagree with to not post.

while Helx has a turn of phrase i do not like - at least he posts opinion relevant to the facts as he sees them.

you however add nothing.
Posts: 200
Off Topic
Opinion:Strong Buy
RE: Bid
Today 13:11
Is that why there is still large buying here all week

Mms not letting it move up naturally
Posts: 288
Opinion:No Opinion
View Thread (5)
Shareholders Agreement
Today 12:48
If the proposed restructuring gets the go-ahead in Genf, non-bondholders may hold as little as 5% or as much as 14% of the issued shares.

In a worse case situation they will essentially have no voice in monitoring the affairs of the company and no say in disagreeing with decisions made (for myself I do not consider Capital as the effective conscience or voice of the smaller shareholders).

It's also to be expected that the new majority holders (as yet unknown) will purge the BOD and have their own people put in place - both main board directors, Chairman and as non-execs too.

In the interests of fairness, and in view of the proposed tremendous dilution of shareholder "voice" staring us in the face, it therefore seems to me that some form of Shareholders Agreement be agreed ASAP in order to protect minority shareholders from future abuse by a self-interested majority.
There is still time for a motivated CEO and his legal team to get this done, if not before the SGM then certainly before the AGM.

Considering the massive dilution and loss of voice I'm surprised that JF has not already proposed such a course of action.

I'm and engineer not a lawyer, and I do understand these agreements are generally more common and suited to smaller shareholders groupings and private companies, but I urge you to consider the idea and, if you consider it worthwhile, act on it in the way you best see fit.

For myself, I've written to several heavyweight newspapers about this.

Google "Minority Shareholdings and Shareholder Agreements" for a flavour of what's possible.
Posts: 657
Off Topic
Opinion:No Opinion
View Thread (2)
Today 12:39
Do be quiet you absolute cretin
Posts: 836
Off Topic
Opinion:No Opinion
Today 12:38
Mine has been been sent, hoping lots more of you do the same.

Topic.....Zahawi and Hawrami. connection ?
Posts: 862
Off Topic
Opinion:No Opinion
RE: evidence
Today 12:23
Thanks for that Helen, may i suggest you close your legs now, theres a bit of a waft!
Posts: 258
Opinion:No Opinion
My Local MP
Today 12:16
I sent an e mail to Andrea Leadsom this morning who is my local MP. I suggest others do likewise.
Posts: 509
Off Topic
Opinion:No Opinion
RE: evidence
Today 12:11
This little gathering of people who feel a bit hard done by will hold absolutely no weight whatsoever....And good luck with that journalist. In the meantime, if you polish up on your financial research and'll be of a great advantage when you're considering the next duffer to buy.

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