Member Info for highlander1970

Loads of algo trades this morning keeping the SP in check.

Someone loading up by the looks of it all rounded figure buys

The industry is changing, Fracking now banned in the uk will put emphasis on standard oilfields. The Irish Gov has confirmed that oilfields already planned can go ahead.
Lots to play for here, funded until next year, let's see what comes off!

Having dealt with the Chinese in a previous role, I do believe that they are/have been waiting for government green light. We may see some movement very shortly.

They should use that money to take more shares out of the market place. The dividend was for a fixed amount of money for that tranche. Use it.

Alternatively, Logp sue PVR.

so they do read these boards!

SH-9 is supposed to be the gas reinjection well which is to spud after SH-12 is finished which is supposed to be coming online this month.
If this useless, lying, self serving BoD would communicate, we would all know about this through regular operational updates.
The pipeline is supposed to be connected this month also.

or if POO went to $90 then the amount paid to gkp almost rises significantly due to the way the charges are applied

And that is just one of the reasons for this pathetic Bod and CEO need to be ousted

US and Kurd meetings go on

https://twitter.com/Kurdistan/status/1184183690257035264

JF needs to be punted out the door asap.

He cannot help but lie to the shareholders he is supposed to represent. Looking through some of the missed deadlines he keeps coming back with more promises with the wistful "this was the plan all along" type of attitude.

Example is the missed 55k production deadlines which, if the initial target had been met, would have been finished now.

https://www.gulfkeystone.com/media/119580/gulf-keystone-petroleum-pareto-12-sept-18.pdf
page 6

https://www.gulfkeystone.com/media/122570/gkp-2019-half-year-results-presentation.pdf
page 17

I have been reading through some of the older information that seems to get regurgitated by the doomsters across the boards at the moment. I firmly believe that there is significant upside to be had from GKP but the BoD are our worst enemies at the moment due to the lack of information being released and the lack of work being done to dispel the drivel that is being spouted.
The very fact that the company itself is playing down the only remaining asset it has leads me to question why?
Why can we not trust a word that JF says?
Why is he still there?
Why is there so many holes in the GKP story?

It's about time we had some clarity on the asset.

www.gulfkeystone.com/media/80005/cpr-presentation-13032014.pdf

The OWC needs to be clarified. Every 10M lower on the applied OWC adds 13M barrels recoverable to the balance sheet. In the presentation linked above, the OWC was set at 1450M, in the companies own words at the time "Oil was successfully tested from the lower Jurassic in Shaikan-4 at 2,787m measured depth. This Butmah test flowed dry oil. Given the mobility of oil and water in Shaikan, the oil water contact is highly likely to be significantly below this level ". The difference in recoverable oip between these two figures is a mere 1.7 billion barrels ADDITIONAL.

The fracture porosity needs to be clarified once and for all. Every 0.2% increase in FP adds 800M recoverable to the balance sheet. What was the figure given by the Chinese report again??

JF needs to work on these factors instead of messing around with buybacks and dividends, bring some real value to the company instead of concentrating on lining his own pockets.

the problem is that with the incumbent fool in the CEO seat the reserves will never be fully appreciated. For whatever reason he is dragging his heels on development and the CPR only recognises the oil that can be produced within the timescale of the PSC so the more he dithers, the more the reserves will be reduced.
He needs to be removed as he is most definitely not acting in the interests of shareholders.

"Questions need to b asked of ferriers competence"
Been questioning that since the fool was forced upon us. Since then he has only filled his own pockets and sold shareholders down the river.

What next now that they have successfully lowered the share price?

In between the bickering over on the PVR board they are reporting some large buys towards the close of play yesterday.
Let's see what today brings...some upwards momentum away from this silly valuation would be welcome.

I topped up a little yesterday morning so happy to see a positive percentage in the headline but the sell price would still be below my top up price.

I will be holding on to them though as I believe firmly that Barryroe will go ahead this time. The drill permit needs the green light and I think Logp will be off to the races thereafter.

Have a look at the average of the holdings that the Bod have here to see where this should be heading.

A bit of movement here.
Silly spread though

Plain old trading games by the Chinese. They know that the price will appreciate as soon as the money arrives so why not hold off the money, invest the same amount on the way down then magically supply the money once your figure is accumulated. Hey presto, a fully paid up project.
Nothing would surprise me in this market nowadays. The problem is that it goes on too often and never does anyone get taken to task for anything, just PI's get taken to the cleaners constantly.