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Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 25.75Bid: 25.75Ask: 26.00Change: -4.00 (-13.45%)Faller - Gulf Keystone
Spread: 0.25Spread as %: 0.97%Open: 29.00High: 30.00Low: 25.00Yesterday’s Close: 29.75



Share Discussion for Gulf Keystone (GKP)


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PhatStyle4321
Posts: 150
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:35.00
View Thread (3)
GKP great position
13 Jul '15
At present gulf is in a lot better position than say 2 months ago, with all things weighing up, with the bond issue we had before, the placing, and the payments we should a slow but steady turn around, ISIS are slowly disappearing it's looking very promising
 
kinglouie2013
Posts: 795
Off Topic
Opinion:Strong Buy
Price:35.00
Greek bailout
13 Jul '15
Surely the sp should be acting positively to this????
NickiMinaj
Posts: 3,707
Off Topic
Opinion:Strong Buy
Price:35.00
Genel oil price
13 Jul '15
The prices they received per barrel in H1 2015 were:

Taq Taq export $45, domestic $44
Tawke export $40, domestic $36-38 (say, $37)

This shows that the domestic prices are only marginally below the export prices. Gulf is being adversely affected by the very high transport costs, which are oddly stated by Gulf to be as high on domestic as on local sales, which clearly does not reflect the operational reality but which might reflect the payment formula. The issue of who decides how much Shaikan crude is exported, as opposed to sold domestically. was in the list of shareholder questions at the AGM and Gulf answered it by saying that the Ministry of Natural Resources decides where the oil goes.

Gulf also said on Thursday that the 7-week production shut-in earlier this year was ordered by the Ministry of Natural Resources; it was nothing to do with Gulf. During this period pressure tests were conducted on the reservoir to see how rapidly the pressure recharged following the long period of production. These tests were described by Gulf as giving "amazing results".

Amazingly positive, that is!
Del44
Posts: 3,245
Off Topic
Opinion:No Opinion
Price:35.00
Over 5.6% spread.....
13 Jul '15
Think MMs are not sure which way to take the GENL RNS!!!

I dont think they are use to dealing with good news from Kurdistan......LOL...
4leafclover
Posts: 3,507
Off Topic
Opinion:No Opinion
Price:35.00
Greece - Breaking news
13 Jul '15
NickiMinaj
Posts: 3,707
Off Topic
Opinion:Strong Buy
Price:35.00
Yes, Genel positive
13 Jul '15
Tony Hayward takes over as Chairman and makes very bullish comments about the importance to Kurdistan of the exports and of the prospects of payment.

Note that in the Capex and Balance Sheet section of the RNS he treats a net trade receivable of c.$378 million as part of Genel's cash balance.

I guess the usual suspects will be posting personal abuse about Mr. Hayward on the Genel blog because of his bullish comments...or maybe they won't, because they're scared of him. Or something.

Anyway, hardly a negative message is it!
SteveZodiac
Posts: 689
Off Topic
Opinion:No Opinion
Price:35.00
GENEL
13 Jul '15
Tony Hayward, Chairman of Genel, said:

"Production has grown rapidly in the first half of the year, increasing 41% year on year, with operational delivery driving record volumes above 100,000 bopd net to Genel on peak days. This increase has been integral in helping the Kurdistan Regional Government achieve its export goals, and the KRG is firmly committed to ensuring companies are paid in full for their production. Over 600,000 bopd of exports are now flowing to Ceyhan and, as distribution of the resulting revenues stabilises, the KRG is moving towards a financial position from which to make export payments to contractors.

Progress has also been made on our world-class Miran and Bina Bawi assets, the development of which provides a huge opportunity for both Genel and the Kurdistan Region of Iraq as a whole. We are now working on putting in place all of the components to progress this transformational project to its development and ultimate monetisation."

http://otp.investis.com/clients/uk/genel_energy1/rns/regulatory-story.aspx?cid=338&newsid=539747
Tabby
Posts: 396
Observation
Opinion:No Opinion
Price:35.00
View Thread (2)
RE: Good genel rns
13 Jul '15
Cardington, I believe so. We will see the payments stabilizing for production but I still see it difficult for the back costs to be clawed back. This will come through sale only. Hence the importance for us to move towards 100,000bpd in the mean time.
cardington
Posts: 1,220
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (2)
Good genel rns
13 Jul '15
Are things on the turn for the krg oilies?
FreddieCruiser
Posts: 898
Observation
Opinion:No Opinion
Price:35.00
View Thread (3)
RE: open ?
12 Jul '15
Three years and some people here will have hung themselves. A decent sp before that will offer escape for the war weary and the not so young or flush. Just my thoughts on the subject. Glalth.





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