Member Info for BondSan

“the krg has largely already reimbursed operators for their asset expenditure thus far. the reserves aren't the property of the operators; they're the property of iraq."

i seem to recall gkp was owed something like 250 million dollars prior to the restructuring. they were not paid so could not service their bond repayments. you’ve got some neck to suggest that gkp have been reimbursed . i was an early investor in gkp who took a risk but had my reward effectively expropriated. a very large sum . it also fkd up the last 8 yrs of my life. dividends don’t mean **** if the value of your stake was diluted by 100 times. i haven’t forgotten nor will i forget until i am repaid my rightful stake in gkp .

Ok thx

Evening

Been keeping 1 eye on this for a few yrs. what’s the downside if the drill is a complete duster , and what’s a realistic upside if it achieves pre drill mean objective ( mid case success )

Also , is there any outside likelihood of oil given that helium can be an indicator? I note the CEO worked on Lake Albert oil discoveries previously . I had a small few bob in Tullow before they struck oil there in 2006 or so

Thanks

This is gone beyond a joke now. 4 years to drill a shallow well. It would appear that one or more of the Cameroon partners not willing to cooperate

Sell up or merge into someone like Afentra or Tullow or Panoro etc etc ?

Doubled my holding this am on the 7% pullback. Seemed like a good price at 30% lower than CEOs latest placing take up. Come on Cameroon kindly get a move on.

From a glance at HKN , they have 20m cash and i think 100 to 120million debt . Bonds maturing in March 2024 or 2025 ( unsure ) . Although HKN will probably come up with something given they have several other businesses. GKP have no debt so why they are being punished so hard today is unclear. Any excuse to instil doubt in LT retail holders is the guess . Its been going on since the day they struck oil in 2009

Held this since 0.7p and added all the way down to 0.2p. I then gave up on following it around Nov 2022 as my Mum was diagnosed with Advanced Cancer

I really believed in the assets and the CEO has invested large sum of his own money all the way down to here. Its difficult to comprehend why Cameroon is dragging on so long. The other stuff is frontier and seems JA is determined to hang on to these licenses whilst Shell and Total do the heavy lifting . Sometimes one can be much too early into an investment. One can imagine if he did let them go for peanuts how it would feel if another company hit the jackpot. It wasn't so long ago Namibia was frontier and now Southern end is looking like having the 2 biggest subsaharan discoveries ever in Venus and Graff

Today is yet another blow and there's not much I can do personally but add a tiny amount at these levels just so I can say that I added around the bottom. Up to each shareholder to decide for themselves

Consolidation is a cert now and on todays news , something like 1 for 100 would leave about 85 million shares at 5p with a lot tightly held which would at least give us a fighting chance of a proper rise if there is definitive news re. a drill

GL all genuine LTHs

Should be a solid bet once debt falls below mkt cap. Been a very tedious journey since 2016 . Like most oilers really.

This is getting really tedious

8 shares sold netting the person / algobot in question a hefty 1 pence

GKP were valued at £4Bn + before they ever sold a barrel.

It's one thing to be invested in something for 14 years and watch hundreds of trolls do their dirty work day in day out that whole time , but for a supposed genuine investor to go turncoat at this late stage is quite dissapointing.

J******n G****

Will you ever shut up for a while . There are people out there who were invested in this long before you.

Is this the most boring takeover or what ?

£4.65p was the intraday peak in Feb 2012. That's £465 in new money equivalent

"What are we really expecting tomorrow? Someone has come in with a 10p-12p bid and the share price will climb 25%-50% in one day?"

That's how takeovers generally pan out isnt it ? unless multiple bidders .

I was bullish on this share and held over the last 4 years with first buy at 0.75p and adding down to .20p as news flowed . Looks like I Got it wrong. Sold some in recent weeks for probably a 50% loss and down about 65% on what I retain. Prospects looked good in presentations but Cameroon delay inexplicable at face value in current high oil proce environment. Best bet now is just to be taken over imo. Will look in from time to time. At least I'll be familiar with TRP if some thing extraordinary develops.

Fkng hell. How much more dilution can LTH take. Just merge with or sell up to a cash rich company ffs

Seismic supposedly due soon for Vietnam exploration licenses, could throw up some big prospective Oip numbers and catch the mkt out .

SQZ might be reluctant to use up so much cash buying Hur though.

Wonder if SQZ want back into Namibia Exploration or new frontiers like Sth Africa ....a few prospect rich cash poor minnows like TRP and GBP going v cheap there . Pretty cheeky offer from Kist imo