Member Info for highlander1970

25p
;-) LOL

Jokes aside, I think this may creep up again over time as it is way too undervalued down here

dragged under by Ferrier

He cites the requirement for the FDP prior to going ahead with expansion.
The original FDP for Shaikan covers production up to 250,000 BOPD production and since the "new" FDP has not been agreed then the previous one still stands as that is what GKP are producing under right now.

Why are you stalling Jon?

https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/rg6mg3x

One person that will have a copy of said document is a certain Mark Antelme as he is still representing GKP today under Celicourt and was representing GKP at that time under Bell Pottinger

According to the RNS's it was voted upon then, I don't remember seeing a breakdown of it though. There is no copy of it on the GKP website either (no surprise there)

https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/w15ql4x

That would mean Ferrier actually doing some work...why would he do that?
He hasn't in the past and he is now a multi-millionaire with his self awarded bonuses and wage rises.
He has peed up the wall almost $1 BILLION of share holders money whilst awarding himself these fantastic schemes whilst achieving NOTHING for the company, he's not going to change!

bearing in mind the history of the BoD in the infestation of people who have passed through the busy trough of the GKP boardroom, this particular section of GKP's very own anti-bribery policy is quite amusing.

https://www.gulfkeystone.com/wp-content/uploads/2019/12/GKP-Anti-Bribery-Policy.pdf

"H. Engagement of Government/Public Officials
H1. Is the engagement of Government/Public Officials permitted?
GKP prohibits the engagement/employment by GKP of any person currently occupying a
position as a:
(i) Public/government official in any country, whether at national, local or international level
26
(whether their role is legislative, administrative or judicial and whether elected or not).
(ii) Director, officer or employee of a wholly or partly state-owned or controlled entity
(including any ministries, agencies or sub-agencies).
(iii) Political candidates, officials or those working for political parties.
(iv) Officials or agents of public organisations (including any private organisations exercising
a public function).
These prohibitions apply in all cases UNLESS prior Board approval is obtained.
NB. This prohibition does not apply to persons previously occupying such a position although
any previous role will be considered as part of the Due Diligence of Third Parties PreEngagement Process."

so they actively engaged in activities against their own policies (which appeared to change the very second NZ was on board) but still managed to reimburse the politician to the tune of hundreds of thousands.
The facilitator for all of this?? Jon Ferrier of course.

https://www.theguardian.com/environment/2019/oct/11/mps-and-the-oil-industry-who-gave-what-to-whom

not in his personality to do that.
He is only interested in free stuff and how much he can screw the PI's

He does it all with the blessing of his masters in the city and the KRG

These awards have been processed through under an award scheme voted on at the Paris meeting in 2014.
NOT A SINGLE ONE OF THE CURRENT BOARD WERE EMPLOYED THEN IN GKP!!

If that doesn't tell you what their M.O. is then I don't know what.

Just had a look at the website for the first time in a very long time.
I guess a part time apprentice put that together as it is extremely amateurish and there is so much information missing it is unbelievable.
If you a re looking back past 2016 the you are screwed.
This company is getting worse by the minute.

especially if it is with that crooked lot cassiopeia as they are linked directly to the armed robber.
No good will come of it when they are involved.

So what are these lying snakes planning to do to get their hands on the other 14 million treasury shares?
Who will get the gift of those?

How on this planet has ANY of these awards been earned?
This is beyond criminal!!!!

FUMING

https://www.msn.com/en-gb/money/other/north-sea-energy-operator-to-axe-530-jobs/ar-BB13mOyt?ocid=spartanntp

https://www.msn.com/en-us/finance/markets/diamond-offshore-files-for-bankruptcy-amid-historic-crude-crash/ar-BB13ensX

https://twitter.com/OffshoreIreland/status/1254387249052921857

He also stated that he is getting rid of 60% of his expat workforce...he should be the first one out the door!

$99m thrown away on share buybacks and dividends, SP now below offer price after 2016 wipeout, still paying 10% coupon to his city mates on $100m debt (which is close to 50% current MCAP) yet this incompetent fool of a CEO still crow of "protect value and assure the viability and financial strength of our business, both for today and the longer-term"
He has NEVER alluded to do ANY value protection which is clear through his actions and the share price.
When he landed in this role, the share price was 45p...now it is 0.79p

His guidance of "2020 prod. guidance: 43,000 – 48,000 bopd" has been missed (no surprise there)

$125.4M "spent" on Shaikan in 2018/19 and STILL only 38k Bopd

With this comment, "upon resolution of the outstanding payments from the Kurdistan Regional Government ("KRG") and an improvement in economic conditions.", he has given himself an open ended delay on resuming any operations to improve production.

This idiot is not acting in shareholders interests as it is his duty, the sooner his is shown the door, the better off GKP will be.

What's with the tiny buys??

Cuts from BoD wage bill?
They are far more likely to demand a bonus because GKP are still trading in these difficult times, oh and lets not forget some weird and wonderful capacity building fee for the KRG of tens of millions or something like that. JF never fails to find ways of giving away the company funds for no gain to the company.

Now that the world is seemingly coming out of the chinese virus pandemic, it will be interesting to see when the ferret puts the rigs back to work or what excuse he will come out with to delay proceedings .
He needs to be gone immediately.

https://www.kurdistan24.net/en/news/da04a8c7-5bf8-4bb6-93be-55f9af3d2078

https://www.kurdistan24.net/en/news/cc9b1a92-ff8f-4b63-bebd-262c85247b82

https://www.kurdistan24.net/en/news/bbe73d35-f3e0-4d0d-8587-ac36a10915dc