Member Info for highlander1970

Voting ends today
If you haven't voted, the deadline is close

we'll see
They are asking permission to buy more but have not cancelled the ones they already have

they want to move the strike price down
To what is yet to be clarified but you can bet it will be VERY low

"As at the date of this document, the Company’s total issued share capital is 229,429,566 Common Shares of which 19,059,064 are held in treasury.
The Company intends to cancel those shares in treasury which are not required for the satisfaction of Company share option plans. "

https://s3-eu-west-2.amazonaws.com/wp-gulfkeystone-2020/media/2020/05/22081147/NOM_GKP_AR19.pdf

the very fact they have not cancelled any of these shares means that they fully intend to award them to themselves.
Shares that have been bought with company monies which could have put the company in a better standing operationally and with no debt burden. Instead, operations are years behind schedule, multiples of the original cost and these thieves think they are due more bonuses!!

The board are ignoring normal shareholders in the LTIP changes where one of the changes ONLY includes instructions from institutional holders

"any reference in this Rule 3 to the issue of Shares shall include the transfer of treasury
shares, but only until such time as the guidelines issued by institutional investor bodies
cease to provide that they should be so included; "

they are going after the treasury shares as predicted, hence they have not been cancelled. They are circumventing standard shareholders.
Once the terms and conditions of this LTIP are passed, open market shareholders will not get ANY say in any awards. We wont even get notified

This is a money grab!!

it doesn't matter what is written
These lying, thieving scumbag BoD will line their pockets anyway

Watch

Post your questions to ir@gulfkeystone.co.uk closing date is 17/6/20
you need to request your link to the AGM from gulfkeystone@computershare.co.uk

For last month, GKP will have supplied around 1080 000 barrels of oil
let's see how the ever charitable Ferrier charges his masters

any guesses?

I'll be generous and go for $2 per barrel so a payment of $2 160 000

https://www.express.co.uk/news/world/1296070/leo-varadkar-latest-ireland-government-fianna-fail-fine-gael-coalition-green-party-update

"the recoverable
amount of the Shaikan Block, which had a carrying value at
31 December 2014 of $591.9 million"

page 79
https://www.gulfkeystone.com/wp-content/uploads/2019/12/GKP_AR14.pdf

then ferrier arrived

"As at 31 December 2015, the Company estimated an unrecognised
receivable of $44 million net to Gulf Keystone with regards to the unpaid
export sales and $75 million net to Gulf Keystone for the past costs
associated with the Shaikan Government Participation Option of 20%."

page 30
https://www.gulfkeystone.com/wp-content/uploads/2019/12/GKP_SmartPDF_AR15-spreads-1-.pdf

so he wrote off circa $550 million whilst wiping out shareholders and has failed to increase production, failed to get any FDP approved in spite of operating costs increasing to $154 million from $127 million in the last year alone

This miscreant Ferrier has wasted over $1 billion of shareholder funds and achieved NOTHING

producing oil for nothing is not a value creative strategy - especially when you are awarding yourself MILLIONS for doing it

He alone is GKP's biggest cost/liability and needs to be shown the door asap

sounds familiar
has Ferrier been moonlighting or is that where Sami now works?

there's a surprise

"This sounds like the O&G Law is finally going to be adopted ( probably as a condition of financial support from the USA)
IF it is , then expect the M&A floodgates to be opened."

for once we agree

Sami Zouari was the author of the bonds terms and conditions and he managed to come on board the GKP gravy train after putting the bonds in place.
Between him and Ferrier , the bonds were change to be guaranteed against company assets to which then Ferrier voluntarily sold out to the city at the cost of the shareholders.
During the sell out he (Ferrier) managed to ensure that he was going to be looked after and since then has failed at every target he has set. He ignores shareholders, his reports are laced with lies, he changes the goalposts every time he puts pen to paper, his costs have spiralled out of control with zero benefit added to the bottom line for the company.
Yet he stands to be a multi-millionaire

He is a lying, thieving, incompetent fool who should not be in a boardroom.

haven't seen volume like that for quite a while

already have

the AGM proposals are all about reappointing them and allowing them to stick their snouts in the trough further.

no chance of that

Wrong

We can't get an updated CPR until the FDP is approved and Ferrier has failed miserably at every attempt of getting the FDP approved