Member Info for Bantercity

Oil price hitting new recent highs.

Its a normal scheduled interest payment for our 100 million bond.

Thanks for the figures Lemming. Wow, it really gives a good idea of the possibilities at Shaikan and for the company. The quicker we move in this direction the better.

Another regular payment received. 17.8 million added to an already very healthy bank balance. Anybody done the calculations to see what 55k would bring in monthly with oil prices around 70-80 dollars?

I would guess that it may be a trade in dollars .

Great to see some positivity on the board. This company is vastly undervalued with a huge upside. Things seem to have turned well in our favour and it should be an interesting few months ahead. overr 200 million in cash in the bank alone and by my estimation another 50 million owed for the last 3 months production. Onwards and upwards to parity with Genl in the coming weeks and then beyond :)

I am still awaiting the day you can contribute something useful to this message board. You are clearly capable of it if you can put this me against the world/company vendetta behind you. And I do understand there are alot of avatars that provoke you but if thats the case then just put them on ignore. If we had more knowledgable members posting about the company rather than personal jibes this board would be a much more productive and informative place.

It seems to be a bit of a mystery. Genel having another blue day and we seem tethered to this 130 area. News in the last few months has been positive and there is a significant cash build here month on month. I think it is tightly coiled for a break through these levels with a little more positive news. I think the lack of communication from the BOD may put people off .

There has long been talk of our PSC being amended and ongoing negotiations with the KRG since early last year if memory serves me correct. If a new PSC was agreed would this further boost our monthly revenue? or would it be impossible to say. Is there anybody with better knowledge than I that could shed some light on the possibilities?

I believe there is around $200 cash in the bank but this would need to be confirmed by the company.

For me this is the biggest no brainer and is ludicrously under priced. So if payments continue similar to December thats 17million per month, so currently 10-12 million profit per month, 120-144 per year. And at the moment oil prices are higher than December and threatening to break over $70. Then factor in that production is currently in the 30-36k ballpark, if we invest and bring the production up to 55k per month that should bring in (again ballpark) 30 million a month so roughly 23-25 million profit per month or around 250 million per year. Does anybody dispute these figures? For me, we are in the bargain basement and the only way is up starting with breaking this 130 level and following Genl towards 150-160.

I would echo distressed thoughts. This message board is no place to talking about peoples wives or family. Keep it civil.

Back down to 120? Would you not see the receipt of 17 million less than a month after the previous payment as some positive progression? I certainly would and long may it continue. At this rate our cash pile is stacking up each month and the price of oil is in a very good place right now. There are many positives and I hope many more positives to come. I await the re-rate to follow Genels shareprice.

I would expect some imminent news if the volume is anything to go by today.

Yes and the US will be waking up soon so we should see this increase significantly. Hopefully we will break 130 and head towards parity with Genl once again.

Yes, I am in the same boat. I am here for the long awaited recovery. And as I have said before I think 2018 is the year we have turned the corner. Getting rid of Zahawi and the now hopefully increased revenue from oil sales are two glorious steps. Now an amended and improved PSC, a cash pile that grows each month hopefully followed with some field development to really get this show on the road. As some people are saying the house looks to be getting itself in order, it must be looking more attractive to potential buyers while the price is so low compartively too what it is likely to be in 1-2 years.

I appreciate your answer Oilman. Do you see any positives for GKP in the current state. Oil price is now touching 70 dollars and our cash in the bank increasing with each payment. Surely with an improved PSC this could see the shareprice heading north? What are your thoughts on what is holding the company back? You have done alot of research on this company and Kurdistan, what are the possibilities over the next 6-12 months in your opinion?

Did you not claim that production had completely stopped in December? Which was proven to be false. You have no credibility. You never post anything of substance. Only rhetoric against some guy called "Bob" and negative posts about a company that despite its flaws is in a much better position than 12 months ago. I think we have turned a corner and look forward to some positive developments in the first months of 2018.

Lets see. I am hoping that 2018 can usher in a rebirth for the company. The disposal of Zahawi is a very positive start and also this chatter about a pipeline. I would love to see some official announcements from the company as well as the announcement of an improved PSC in January. That could bring the company much closer to its real value as its currently ridiculously under priced for a multitude of reasons but some of these reasons seem to be being ironed out :)

And another 48 million owed for oil sales Sept,Oct,Nov and Dec could bring us up to around the 200 million mark. Which makes our market cap ridiculously low when considering our reserves. I think we will see some news about a renegotiated PSC in the coming weeks and hopefully it can indicate a new dawn for GKP in 2018.