Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Zak Mir target for GKP 135p after todays news
Wait till America wakes up, then watch the SP close much higher today
Tssz, or easily another orchestrated pump n dump.
Who gets these articles to media outlets? Simultaneously releases 'positive' rns, with a very concerning closing line.
Stinks.
Tree shake before next push up
Double buys vs Sells
Looking very positive
1. HCL
2. SOMO legal oil sales
3. Ramp up to 85kbopd in 2024
4. Oil price $100+ in 2024
5. PSC legitimate
6. FDP
7. Dividend reinstalled in 2024.
8. Special divi from Santa 2023.
9. Increased P2 reserves how many billions ?
10. Buy out 2025 £15
See you all on the otherside
112 getting smashed!
With the amount of buying today they will move this up soon.
An hour ago,
https://ukinvestormagazine.co.uk/gulf-keystone-petroleum-shares-look-good-value-for-adventurous-investors/
I agree with your comment
Testing only makes sense if you do it at full capacity, full pressure all the way to Turkey. So have to question what happens to all the oil delivered in Ceyhan. The writing is on the wall. Shorters have got it wrong and will have to close.
Just topped up by £12.8k
"currently c.33,000 bopd and GKP is striving to increase sales volumes" "managing the start-up of wells"
last time I checked 23,000 bpd covered the cost 6million. now if they can get to 45,000bpd 8- 10million profit per month.
pipeline will open most likely now in October after tests
Back up to £1.20-£1.30 range again, then sit and await the news re Turkey for $90 a barrel
Big buys coming through
Whatever your opinion of the Board, they deserve credit for the way they've handled this most traumatic development over the past six months.
And JH deserves particular praise for his direction and leadership.
We're definitely not out of the woods yet, but his demonstration of soft power to all the acronyms; KRG; MNR, ICG, SOMO etc, is a sign that he is prepared to cover all bases in his efforts to keep the oil flowing.
And particularly if he is offsetting his receipts against outstanding debt...
More importantly imo, if AKIPUR are true to their word, then we could finally have a resolution to the uncertainty of regular payments in the Region.
But that might take a little while.
In the interim, all credit to the bloke and his team.
Hi NewK,
Also if there was still any serious contractual doubt looming over the companies they would not be allowed to fill. Suspect this is just grumbling or ways to score minor points and gain negotiation advantages, just smoke and mirrors. You don't put crude oil down a pipeline you don't intend to start up....
If we had a crude export pipeline that we believed in any way might fail under full load we would "pig the line with fresh water" then pressure test it with that. That way if you do get a leak its much easier to repair, and even easier to clean up any water leakage rather than crude oil everywhere.
This is a start up , end of. Now where's that dry powder . Mr. Market clearly agrees.
Shaikan should produce more than 55 kbopd by the end of October! At $30 that is more than $18.1 m net monthly payment to GKP! Dividend payment soon afterwards? 🙏
Best Regards ValueS
The mood on this forum is certainly positive and it does seem that ‘there’s no smoke without fire’ as the share price is moving in the right direction.
As for the here and now disregarding the obvious potential. Please forgive my maths but 36 % of 33k barrels per day @ 30 dollars = about 10 million per month less 6 million basic costs = a profit of about 50 million per year. Forget the potential and by comparison with a market capitalisation @ 110 of 250 million the shares are a bargain on that alone, never mind the potential.
A little patience still required
Pretty strong demand for shares still, with sales increasing month on month and net profit going into the cash balance , fears about a Capital Raise diminishing , With the International export pipeline ready for testing oil resumption very soon, GKP could be back paying a Dividend early in 2024 if not before , if we get a cash injection from the KRG from cash owed.
looking a lot more positive than a few weeks ago
Morning belgrano,
Exactly, you don't "injecting all crude sales into the pipeline" for fun, note "all" as this is part of phased startup imo. This RNS is just letting the market (us) know real progress is being made ..... Not long now.
atb
Just need to take an overview of the pipeline situation.
Testing.....You never test any pipeline with air....think of a pressurised gun, same thing with any vessel ..you always use water or another liquid . Know of workers who have been killed when a pipe held pressurised N2 and suddenly released. Might well use a light flushing oil/fluxant to get things moving.
Lets take a step back here....we know all parties want to get the crude moving again to Turkey, but its all about the money, however as crude prices rise the ability to compromise more also increases. Lets not forget, that talks have still been going on between all parties, just not shouted about.
Wasn't long ago that Iraq asked Turkey to resume crude imports as a sign of "good faith", while Turkey also increased water flows to Iraq in a similar vein.
So "testing actual flows", nicely meets that request, just dressed up a bit different. Also will actually make it much easier right now to get the crude moving while daily temps are high than waiting till a future time when it might not move at all.
Its a clear sign of co-operation and things should move soon.
Or shorts closing? Or both????
Will be feeling pain very soon!!!!!!
Now all the people who sold out or didn’t buy last week are panicking LOL
Now they will all buy at a big premium, that is if the MM let them buy
Everything is lined up for the pipeline to open, if PI’s still don’t get it then be my guest by at 250p when the pipeline opens
Wow
Up to £1.10 already !!!!!