Member Info for everhopeful

I am with you with the over remuneration Mikey , JF has done Bu**ger all but the KRG knew that was going to be the state of play which is why they gave him the job.

Does anyone think that the Barazani's ( and lots of other HNW Kurd's ) didn't have any GKP shares? they have made $100's of Mills off GKP already IMO. They must have known to sell at £4 and who can blame them for doing so.

After the way the Kurds have being treated the last 90 years they are not going to GaF about us PIs who are nearly all in the west and well off anyway ( in relative terms) .

Remember when House of Fraser collapsed , it was clear that despite the Co's failing to manage effectively they still awarding themselves huge salaries , hence when Mike Ashley bought it he sacked them immediately. There is a read across here with GKP . With Todd it was different , Lord Trusscott set in place normal bonus schemes prior to 1st drill and Todd got lucky.

There is no way GKP are going to line their pockets anymore than they have already , giving the head of finance 350K shares is taking the P.. big time , JF we are watching do not take the p... any more .

BTW Mikey what does this mean ?

. . which means a "new" CPR cannot be issued without Erce knowing what to new Wells pipelines and all the other stuff that efficiently does the work in an Oil Field is known.

IMO The shares bought back will be cancelled and once the politics are sorted GKP will be sold. The MOCs will not allow GKP to grow into a massive profit making competitor and the KRG will not allow GKP to limp along as they have being doing , they want a MOC that will fast track it .

The political narrative ATM in the west is we must go green , this is BS as electric cars are not green , nor are wind turbines or solar panels ( if you look into it ), the reason why they say this is because they know oil is getting scarce and will soon be very expensive . Shale oil boom is just about over and the Saudis are selling their state Oil Co as it's reserves are low IMO. They say it's because they are diverting into other green technologies , this is IMO because they are going to have to not because they want to be trendy.

The way to go is clean Nuclear ,Thorium reactors , cheap and safe energy but that will not suit the energy Companies so it's not happening , heaven forbid people get cheap energy for 100,000's of years!

So GKP is a hold then.

It's only just begun I fear.

1720 Plague
1820 Cholera
1920 Spainish FLu
2020 Corona Virus

https://www.theamericanconservative.com/dreher/the-plague-pushes-china-to-breaking-point-coronavirus/

https://www.zerohedge.com/markets/bridgewater-co-cio-boom-bust-cycle-over

5 hours to go, so glad the majority of Brits can spot a wrongun .

As I said already the timing Re cancellation is a matter of good judgement . I think it will happen once HCL is done. Then KRG income is much more defined and GKP will be looking much more secure. Game of poker ATM.

PIs shouldn't be hacked off it's obvious what is going on .

What the SP is now is irrelevant unless you are GKP buying shares , this is why they have 2 brokers.

That will happen as GKP will cancel them. That hasn't happened now as the future is not fixed and should the SP go to £10 after CPR 3 they can sell them for funds for further production.

Vikingwarrier - 14 Jan 2012 - 18:28:54 - 150898 of 598290 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
What was that famous phrase in the 80's? Oh yes. T. Boone Pickens said that it was cheaper to drill for oil on Wall St than to drill for it. I guess thats the same right now on AIM with GKP.

Mirabeau - 05 Dec 2012 - 12:49:08 - 243090 of 598290 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
How close to the truth is this explanation from iii? :-

-

12:36
Delay and Accumulation
StrangeBudgie
12
Mikey comes in for a lot of stick regarding his accumulation theories, mainly by people jumping up and saying that it is all conspiracy nonsense, but there is precedent:

Read Chapter 35 of The Prize (from page 716) for the full story. My abridged version is that Boone Pickens (oh the surname irony), aka as 'The Real JR' made hundreds of millions of dollars through buying stock that was undervalued by the market. He calculated that the quickest way to make money was to buy oil stocks that were selling for only a fraction of the value of their assets (ring any bells!). His quarry in 1983 was Gulf Oil (again that name coincidence!) whose shares had fallen due to a range of internal company squabbles and the loss of an anti-trust court case leaving the company vulnerable. Pickens' company Mesa then started to accumulate Gulf stock through "numbered bank accounts scattered around the country with transfer codes known only to a few people." After Mesa had acquired 11% of the stock they went on the offensive and launched a hostile takeover attempt. In the bidding that ensued Gulf was eventually taken over by Chevron, but Mesa and Pickens made a fortune through the shares they had cheaply acquired.

Fanciful conspiracy theory? I'm not so sure and the the accumulation theory seems to become more likely as each day of this CC passes by. Very rich people like the backers in this case are very rich for good reasons and mostly these aren't pleasant or ethical.

GLA

You are thinking of the Permian Mikey.

Yes but the PF1 pic shows a 16'' pipe after the export sta only , where as PF2 shows a 12" pipe prior to the export Sta .

But that Sta is 44k capacity while PF1 is 60 , so the pipe prior to the Ex sta at PF1 must be 16 " I guess?

Thanks for your observations Mikey , I'd not bothered looking that closely.

On the PF1 pic they have not put the size of the pipes like they have on PF2 , clearly not telling us everything , there are plans to add another well to PF1 is my guess.

Gets paid about the same as JF ! JF has it very easy.

From todays RNS

Notification of total voting rights in accordance with the FCA's Disclosure and Transparency Rules provision 5.6.1R.

Following the repurchase of the shares set out above and the transfer of 1,000 shares from treasury to satisfy share option scheme awards, the Company's issued share capital consists of 217,244,305 common shares plus 12,185,261 common shares held in Treasury.

The above figure of 217,244,305 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Gulf Keystone under the FCA's Disclosure and Transparency Rules. The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

I don’t think he does enthusiasm.

JF said he'd turn GKP into a boring oil Co, he didn't say he'd be throwing big oil bonuses around fort doing a very ordinary job , anyone remember what he'll get if GKP is sold for double digit billions?

Head of Finance jobs are remunerated at about 50 to 100 K , Accountants should not be getting so many free shares for paying bills and balancing the books imo. This is very small beer compared to SZs bonuses in the event of a sale of GKP however.
Nadzeya Kernoha
Head of Finance
Nadzeya joined Gulf Keystone in January 2012.

She has more than ten years’ experience in audit and finance within the oil and gas sector and qualified as a Chartered Accountant at Deloitte London where she worked within the Energy and Resource Audit Practice. Nadzeya held several roles with Gulf Keystone’s finance team before assuming her current role as Head of Finance in January 2019.

Nadzeya graduated with a bachelor’s degree in Business Administration and Economics from the American University in Bulgaria.

Head's of Finance do the wages and pay the bills , they don't know the future course of the Co . Only the BODs know that.

How many Heads of finance get to have that many options , no way has she earn't those options IMO. Typical GKP cash cow for the management .

Had she cashed the lot she'd of had 350K bonus for doing and ordinary job , that is 175 K shares that were not given back to LTHs.