Member Info for BondSan

“JA became a director at GKP post their discovery and at the point shareholders got really shafted by the Kurdish government and the share dilution. I don’t think it was a highlight of his career”

This is a false statement. JA was on the board of GKP since early 2009 and bought a large number of shares at 6 pence old money in February 2009 ( that would be 6 pounds in nominal terms today ) . The Shaikan 1 Discovery was made in August 2009 . He subsequently spent something like 1 million pounds + & bought more shares at 84 pence old money ( or 84 Pounds in nominal price terms ) . He remained in the board until at least 2012 if I recall.

I purchased GKP shares beginning at 6.25p in Feb 2009 . I had been following the company since their Algeria days and when I saw Asher , Todd Kozel and a few other directors buy at 6 p , I followed their lead . I’ve never met Jeremy Asher and my interest in Tower is due to my investment in Tullow prior to their Lake Albert discoveries ( Tower Resources followed Tullow into the area a few years later , after taking over Rift petroleum’s licenses

Https://www.oilandgasmiddleeast.com/listing/the-worlds-top-10-sour-gas-fields

Are we trying to initiate a little discussion about Sulphur Lads ? Just as the Politics are looking promising? Cast a little doubt ….hydrogen sulphide gas etc etc ? Surely not ? (:

Any way , for balance , isn’t Sulphur indicative of very large oil accumulations ? So probably leave the worrying about it to the technicians eh ? (:

few fields with large quantities of sour gas ……Ghawar ( 15% in places ) , Tengiz , Orenburg

The Sulphur is processed as a byproduct and sold for fertiliser etc

Doing a bit of googling on the Skua oil field , it would appear from search & discovery that 7 or 8 successful wells have been drilled but all in close proximity to each other , leaving a lot of undrilled area to the Sw and NE of the Skua trend area. Anyone want to elaborate? It seems like a large area yet to appraise …maybe 20km x 3 km and running SW to NE

Https://eurasianet.org/azerbaijan-new-discovery-raises-odds-that-baku-can-meet-2027-eu-gas-export-target

Some fear mongers out in force today, it’s tedious I agree but lower bollinger band shows 0.02 . I’d expect the recent placing price level which correlates to price today to be support

ACG field in Azerbaijan for example has 8 different Partners. BP, SOCAR, MOL Plc., Inpex, ExxonMobil, TPAO, Itochu, ONGC Videsh.

5.4 Bn reserves , I may be wrong but I understand ACG deep has separate exploration rights .

Nearly 55,000 trades in one day …that’s what you call liquidity

Muppets

Where have GKP investors heard that before ….. Ft Alphaville 2009 when Todd & Co. Struck oil.

That’s a solid director buy ! Bodes well , just added a small amount at 28p

Maybe he meant depletion of Phase 0 ?

Nice bit of Gaslighting there PutzUp

You were not invested in the discovery days and you are not even aware of the RNS releases published by the company regarding the Oil in Place and the Production Potential . By all means You take your bird in the hand at 3 quid and run along , but don’t lecture people who were invested here 15 yrs ago as to Shaikan. I could write a book on it and might have to if I’m done over a second time .

RogtheGamer quote

“Well BondSan that’s true I do not know very much about GKP before I identified an opportunity after the pipeline closed.”

If you think you are going to appoint yourself as the high priest of GKP valuations when you just discovered the company a few years ago , you are mistaken. Are you speaking for yourself or for someone behind the scenes ? We’ve already had a poster who appeared a few years after GKPs discoveries back in 2012 2013 to kindly guide us toward the view that the discovery wasn’t all it was made out to be , and we should be happy with such and such . I see what you are doing with that post below. It’s called conditioning.

Why would anyone only want 10% of their initial investment back ?

What School of Finance did you attend ?

As an early investor in a Giant Oil field who has held the shares for 16 years this March , I expect more than my Initial Investment back . A lot more. The clue is in the word Investment. The going rate per Proven barrel of reserves like every other legit Deal. Reserves Based on the true CPR taking into account Fracture porosity of Carbonate Reservoirs not Granite

“ big bad wolves”

Freudian Slip much ?

“The firms that restructured the company didn't defraud you.”

Why were the Advfn GKP boards flooded with Trolls then from 2014 -2016 ? Was that just a coincidence?

“£3 per share offered today would probably win a very valuable asset, the fact is we live in the present and many of those that purchased long ago in the reasonable belief that GKPs assets would be valued in billions will take that money in preference becoming rich in a cemetery”

Nice try but you don’t speak for Long Term holders . Remember that. You are a newbie

I’ve no problem with your day trading . But be mindful of the history of this stock and how the investors who were in this before the Shaikan drills had their gains reversed and then some , down to 1 penny so that post 2016 bond holders could reap the rewards both via massive dividends and capital appreciation. Some of us lost hundreds of thousands of £ despite being among the earliest investors . I watched trolls take control of the Advfn board during that time. You’ll understand if im hyper alert to another attempt to defraud us.

£3 a share is approx 1 Bn $ . The going rate for 100 million barrels of P2 oil reserves is $1Bn in the big M&A deals of recent years