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Yes D0dger, it is very baffling as to why Sami left the business and why we haven't been notified of his replacement!
News to come very shortly on this I feel.
So malcy an 8% divi is more than adequately rewarding us is it? Not if u lost 95% on the restructure!!!.
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That fact that people like Malcy can get freebies to assess oil fields and get paid for it is astounding , if you had listened to his advice from 5 years ago you'd have lost everything.
Well having read malcys blog it was encouraging to read about Erbil and how safe it is given ive never been....and dont intend to if im honest!!... no disrespect intended. Whilst we learnt nothing new, not that would be the case, he does sound very positive. Its the last section that is the most interesting 4 me....
Gulf Keystone already has substantial cash flows which fund all this capex, a buy-back programme as well as a dividend which offers shareholders a yield at the moment of around 8%. This means that an investor, whilst being able to assess the risk of the future programme actually being delivered is being more than adequately rewarded and should it all come off then it will repay in spades, just a shame that Sammy won’t be staying for the show but he should take great credit for the company’s recovery and recuperation.
So malcy an 8% divi is more than adequately rewarding us is it? Not if u lost 95% on the restructure!!!... however he then says that it will repay in spades when it all comes off.....lets hope its not paid in real spades and we LTH av to actually go out there digging !!!... but to say shame about sami not seeing the show seems strange?... i mean one minute we av him blubbing at the presentation about a divi and how proud he was...then the nxt thing hes walking????? ....just doesnt add up??? But then nothing at GKP does..... just waiting and waiting and waiting for the 'show'.......just hope im not dead!!!
fraudy - love to know what my other identity is............when i can i meet them?!! lol
no - again it is you who obfuscates, you clearly got it wrong, straycat put you right and you werent man enough to hold your hands up, you just did the old fraudy 2 step and tried to bull **** your way out of it as usual..............just like "consolidation-gate" where again your unadulterated lies were so blatant Ray Charles could have seen them!
and as for me being a fraud - post a single lie of mine please?..........come one fraudy, substantiate something for crying out loud! or is it YET more lies to back up that more relevant take on your avatar.............?
BB can you confirm what is your position regarding 30k to 55kdpd? Is it that cash and revenue will remain flat or will fall? Simple yes or no please.
indridcold,
as usual you deliberately seek to confuse!
In my reply to max, and as I have already pointed out, my figures regarding revenues when moving to 55Mbopd were based upon the same $/bbl figure ($60) that he, max, was using. The resulting figures are correct and valid.
For clarity, I also pointed out that the average Brent values for 2018 were significantly higher than that chosen $60 figure.
As to my opinion being worthless, you have absolutely zero credibility whatsoever - either here or on the other board where you post under another avatar.
You are the fraud my dear chap, and more and more people are starting to realise that.
fraudy, pray tell which bits are "out of date" seen as Malcy visited only very recently? and can you also substantiate this by telling us how you know what the "up to date" situation is?
"I remain of the opinion that the company will NOT be fully funded for all projects"
well its lucky your opinion is worthless here then! and this is from the man who basically stated moving from upper 30kbopd to 55kbopd would have pretty much no affect on revenue!!!
Hype all of it - and all of it out of date.
I'll wait until the company decides to update the market on recent results.
I remain of the opinion that the company will NOT be fully funded for all projects.
Management doing a great job and all projects fully financed. As some of us have been telling you.
Perhaps Broadfraud would care to comment ?
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"Growth at Shaikan has been very impressive, the PF-2 has cleverly used very similar kit to that at PF-1 resisting the temptation to over engineer and thus lose control of expenditure. Indeed we had a number of presentations with regard to the debottlenecking which has been highly successful. In addition a smart series of upgrading work has been done on a well by well basis where in some cases wells have quite significantly increased their production.
Having said all that the bullish plans to increase production from the current rate of around 38,000 bopd to 55,000 bopd are well under way, fully funded and expected to deliver next year. This will move GKP onto another level and revenue will grow commensurately, being able to feed the ambitious plans for what will be a substantial company by size. Having said that the company has even more ambitious plans which, subject to approvals from a number of quarters, not least the company’s own board. These plans are to go to 75,000 bopd in the not too distant future followed by a whopping 100,000 bopd within five years, a plan that the company has significant confidence in.
Gulf Keystone already has substantial cash flows which fund all this capex, a buy-back programme as well as a dividend which offers shareholders a yield at the moment of around 8%. This means that an investor, whilst being able to assess the risk of the future programme actually being delivered is being more than adequately rewarded and should it all come off then it will repay in spades, just a shame that Sammy won’t be staying for the show but he should take great credit for the company’s recovery and recuperation.