RE: EVENTS5 Jun 2020 20:35
The $250 notes were un-secured so GKP assets were safe from a default but the PUT option on AB dropping below 0.4% made them secure notes so the bond holders got 85% of GKP off the PI's ( only Sami knew about this ) , this was nothing more than a mugging as the notes were not due for a long time , other options were not looked at , Murray like T5 but was shouted down and he left. The mugger could have just taken our wallet but they left us naked.
Chronological demise of AB
30 October 2014
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Approval of Akri-Bijeel Field Development Plan
Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, notes today's announcement by MOL Plc., operator of the Akri-Bijeel Block in which Gulf Keystone holds 20 per cent working interest, as follows:
22 January 2015
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Appointment of Chief Financial Officer
25 February2015
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Strategic Update
Concurrently, and in view of strategic discussions and its current liquidity position, and with the intention of meeting its existing debt payment obligations, the Company is undertaking a review of its financing options and in that context will engage in discussions with its key stakeholders.
( and below when the BH's decide that GKP have had long enough to try and sell Ab and call in their secured Bonds ,and we down the road get to lose 85%, many 100%)
12 March 2015
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Notice of Meeting of Noteholders
US$250 million 13.0 per cent. Guaranteed Notes due 2017
(Regulation S Notes: ISIN XS1056559245 / Common Code 105655924;
Rule 144A Notes: ISIN XS1056559088 / Common Code: 105655
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