Member Info for highlander1970

I will be very surprised if the republicans don't take both
The democrats need to be stopped. What they are doing is just insanity and it is affecting us here in the UK as well as the insanity is spreading more virulently than the kung flu.

Bidens policies are destroying America and OPEC+ will sit back and watch him do it.
He inherited and America who was flush with oil and was a net exporter, his policies have had him begging OPEC+ for more oil and now he is releasing the strategic reserves. He will keep doing this until there are no more reserves, then guess what OPEC+ does?!!
Biden is killing America and there are still three more years for him to finish the job.
Any guesses when he shuts down the next pipeline? Maybe he will shut down the GOM to fight "climate change"
The man is a fool and the world knows it.
RIP America

Totalled a whole £6.08, was it worth it?

With the oil price seeming to be steadying out around the $80 mark (ish) the 2c resources applicable to Lansdowne seem to have this a tad undervalued
69 million boe at $80 market value does not equate to £4m market cap, even in a fire sale scenario.

Management need to get their fingers out and get on with some communication now that the site survey is done.
What are they up to? Are they preparing the paperwork for Government permissions? Are they contacting rig suppliers? Are they getting funds sorted?

It was a survey to ensure seabed conditions are OK for a rig.
I wouldn't be surprised if there was no RNS

"The stock price appreciation has clearly happened"

Utter nonsense

The VCP FAILED in the first year and never met any of the targets required.
The lying BOD STOLE their bonuses

Looks like the survey is completed onsite as the Celtic Voyager is back in Port

The same VCP which never qualified and was awarded to the thieving gits anyway

Someone dumped a few million shares today

Gkp had zero revenue at 35 dollars Brent

The spread on this is ridiculous. (28%)
MM must be expecting a big move

The bottom line is that if brent reaches $35 the GKP make nothing.

because of the monies owed and the inconsistency of the KRG at paying back what is actually owed, along with this BoD's willingness to write down debts owed, then the amount owed by the company to the creditors should be ringfenced instead of spent out on dividends and buybacks.

Who knows when the KRG will come up with another excuse for rinsing out the company bank account or just plain not paying as they have done many many times before.
They are not reliable and as the company refuses (or isn't allowed) to diversify it's revenue stream then it would be prudent to guarantee the debt payments instead of having to raise more again in the future.

What they should do is lay aside into a high interest account enough to cover the debt, let it grow and use the interest off it to pay down some of the capex bills or update some of the infrastructure which normally would not be done.
THEN look at dividends and buybacks when the debt is covered and the capex/opex is covered.

If the company is sitting as a cash cow with ALL costs covered then the market will probably look a bit more favourably at this, at the moment the market sees debt on the books and the company frittering away monies willy nilly.

" Thats why they are sitting on it."

The incompetent lying bod have been sitting on it with their hands in our pockets since they were "employed"
It's time they actually showed some action and bring the value they have crowed about for years whilst using that excuse to line their pockets.
Meanwhile EVERY time they produce a cost estimate (which again is NEVER actioned) they put the cost up massively.
They bought high pressure equipment to do the permian, I suggest they bloody well use it and get drilling while rig costs are lower.

they should put in place a plan to actually produce from each formation in Shaikan.
Once that is in place and producing, ALL reserves get counted out for the lifetime of the PSC, at the moment, only a portion of the reserves are being counted in the CPR hence the current SP

lets not forget that the spineless twonks infesting the board room regularly find ways to give our master more discount to the monies owed and also find other ways of paying them directly money from our coffers which should be used to bolster the company

"I assume Highlander_1970 is another of Surreyscot's."

You assume wrong as always

If he has a plan, that would be a refreshing change from the idiot who was there previously.

We'll see

The biggest failure here is getting into Egypt. Biggest mistake ever.

Not all of those are sells, look at the pricing, not the colours