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Its partially true that sentiment is dropping for O&G Industry shares , unfortunately ( for those that sold them at a loss ) world demand increase may be slowing but it isnt in reverse and India and China are switching from coal to gas ( or trying to)
Electric cars may sound great to those easily impressed by fake news but they are not , and will not be , the answer . For 2 reasons (1) we will not be able to generate enough electricity to recharge them all for at least 20 years (2) Has anyone told you the battery pack in a typical electric vehicle will last 5-7 years then cost ~ £10k to replace ?
However the current poor sentiment in the Industry offers a great opportunity for astute investors to pick up potential M&A Targets for peanuts. GKP being but one example . |There are plenty more.
IMO
RE: RnsToday 14:19
Who said you did, read it again you fool.
Eh?? Lol...u responded to RE Rns....then stated in it SINO ...derrrrrrrr!!! Or did u forget which avatar u were using!!!.... numbnuts!!
Who said you did, read it again you fool.
Oil related shares are obviously no longer in fashion, blame Tesla and global warming for the death of an industry.
Time to cut losses and buy into lithium - life is too short to be involved any longer.
The corrupt were the only winners here.
Didnt state anything particular about SINO...read it properly and engage brain numbnuts!!
Great , So he comes from SINO, why is that any great shakes. dysfunctional as usual, he will not stay for the long term like all the others.
The bits that have caught my eye in the rns are they details of his previous positions...all normal i know, but interestingly they then expand on saying wot happened to these companies. So CFO at Sinogas... . Which was bought out by a private equity group, he was then at Talisman, various rolls VP and CFO....they had a joint venture, but were then subsequently bought out by Repsol if i e read that right?....... then lastly Jaap welcomes him as normal but he uses the words RELEVENT EXPERIENCE......so wot is this relevent experience?.... mayb its his previous experience in this sector but the other buy outs that he was involved with?.......who knows, just a mull like ; )
Thank You Largo
That's one up the conspirator theorist's backsides
18 November 2019
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Appointment of Chief Financial Officer
Gulf Keystone is pleased to announce the appointment of Ian Weatherdon as Chief Financial Officer ("CFO").
Mr Weatherdon has over 25 years' experience in the international oil and gas industry and joins GKP from Sino Gas & Energy Holdings Limited where he was CFO. Sino Gas is an energy company focused on developing natural gas assets in China and was an Australian listed Company (ASX:SEH) until acquired by a private equity firm. Prior to this, he held various executive roles, including; Vice President of Finance & Planning for the Asia-Pacific region, and Vice President of Investor Relations for Talisman Energy Inc., the Canadian exploration and production company which was acquired by Repsol in 2015. He also held the CFO role at Equión Energía Limited, a Colombian joint venture between Talisman Energy Inc. and Ecopetrol SA.
Mr Weatherdon was educated at the University of Calgary before qualifying as a Chartered Accountant from the Chartered Professional Accountants of Canada.
Mr Weatherdon will join the Board of GKP and assume the CFO role on 13th January 2020. As previously announced, Sami Zouari will step down as CFO and a Director of the Company on 2nd December 2019, but will assist Mr Weatherdon for a short handover period.
Jaap Huijskes, Chairman of the Company, said:
"Following a thorough search process, I am very pleased to announce the appointment of Ian Weatherdon as CFO. Ian brings a wealth of highly relevant finance experience within the sector to the management team, and to the Board. We look forward to him joining the team and to his contribution.
On behalf of the Company, I would like to again thank Sami Zouari for his outstanding contribution to Gulf Keystone, since joining the Company in 2015. We wish him all the best for the future."