Member Info for highlander1970

Respectfully disagree there Armas
Get rid of the debt before wasting any more money on divis and share buybacks

Nice to see it get past the major block at 0.81p
Hopefully holds and moves on from here

Along with 10 resolutions to be voted on

Re-appoint Deloitte
Reappoint Jaap Hujskes as a director
Reappoint Martin Angle as a director
Reappoint David Thomas as a director
Reappoint Jon Ferrier as a director
Reappoint Kimberly Wood as a director
Appoint Ian Weatherdon as a director
Approve directors remuneration
Allow company to purchase own shares
Rules of LTIP be amended

hmmm....some tough decisions to make there

No wonder they want us to give them our proxy!!

not my graph but interesting that analysis is going on after being under the radar for so long
https://twitter.com/Jarvy55/status/1267381972382502914

the delay alone is longer than your pie in the sky total project estimate

" current total estimated duration of the project
has been extended by three years to 60-66 months"

note the word EXTENDED - in English that means that it is going to take longer than original plan

https://s3-eu-west-2.amazonaws.com/wp-gulfkeystone-2020/media/2020/05/22081140/Smart_annual-report-GKP_AR19.pdf

as you say - leave it to the professionals because you are clearly way out of your depth

And now I'm called Sarah? You are very delusional.

SS

"Here is how it works.

By my assessment " - therein lies the problem - you haven't got a clue

It is all in the presentations and it is stated at 10 years, stop misleading people

Let's face it

Ferrier took $25m in 2016 to get the company back to 40k production, we are only at 36k !
He FAILS at everything he does

But I am POSITIVE he needs to be shown the door

Yet JF has proven that below $35 GKP are not making money and with his projections it will be 10 years to get to 110k production

Ferrier would be like a giddy schoolchild.
Imagine how much of GKP's cash he could give away and then award himself more bonuses for doing it!!

Nobodyspecial

hear hear!
Well said.

PI's make up a maximum of 15% of votes. Ferrier know the outcome of any voting structure before it is committed to paper and sent to PI's
GKP answering questions? Don't make me laugh, they have not since Anastasia "left", why would they now?

The AGM is a pony show for regulatory compliance only, the conclusions are foregone

As a shareholder, I will be sending my extensive list of questions and will be tuning in to see if any get asked. I severely doubt it.

don't know if this will work on LSE or not but the following link is to the old investment case given out in TK days
The great race

https://ufile.io/g0i0t4tk

This particular investment case made at the time has since been removed from the GKP website

Yes but other companies tend to get their agreements done and payments made whereas GKP are always at the back of the queue with the begging bowl.
Ferrier can't even get the PSC negotiations over the line where others had issues but managed to get it done.

Ferrier always manages to surprise to the downside as far as adding value to the company goes.

He is singularly the biggest liability on GKP's books

Price has stayed up well considering Ferriers latest attempts at selling us down the river

At least Trump and Cummings are trying to keep economies going.
Ferrier is one of the insane lefties insisting on perpetual lockdown and state control.

So for 30 days, GKP will have pumped over 1 million barrels of oil at a cost of $3.90 per barrel so around $4 Million in lost costs
On top of that, the production figure gets logged and added to the cumulative figure that GKP then has to pay a production bonus on. GKP paid $16M production bonus in 2018, $20M the year prior
Don't forget that GKP also pay capacity building bonus (not that Ferrier is building anything - he can't get his nose out of the trough long enough to do his job!)

I have made many arguments for this but today's freebie is the most diabolical showing of his incompetence and intentions.
The man is deranged.
He must go.

The fool doesn't even talk to the KRG as is proven from his last payment RNS "GKP understands that the KRG's proposal is in line with those made to other international oil companies operating in Kurdistan."

No wonder we receive nothing whilst other companies get a cost payment to tide them over in these uncertain times.

give them a couple of months, there will be billions of shares again

this is a pump
there will be a placing

Over $1.5 Billion to get to 110k bopd
That's OK though, it's planned out to take ONLY 10 YEARS!

$100 million notes are repayable in 2023 and cost the company EVERY year $10m in interest