Member Info for IndridCold

cockeye - unless you were oilman, apparently he picked up millions upon millions in some sneaky but legal way, basically knicked loadsa extra ones off everyone else, some really savvy set up apparently only he could pull off, he got so many extra shares that even the CEO voiced his displeasure..........i mean thats what oilman said, so has to be true?

surrey - broadfraud is a liar, a con-artist through and through. he will agree with oilman no matter what, thats all he does now-a-days. doesnt matter that oilman is a moron and a looney toon, what ever he says, no matter how wrong or how stupid, broadfraud will agree with him

i dont agree with you on everything, but on this you are right

in their desperate attempt to say anything negative, they cant separate the restructuring (the issue of billions of more shares - that is the DILUTION) and then the subsequent consolidation (which didnt even have to happen, its purely cosmetic, e.g. 200 million shares looks better than 20 billion)

no one, absolutely no one can possibly get "diluted" during a consolidation...........oilman, bigdog are both idiots and dont understand that.......broadfraud does understand but just wont disagree with oilman, because basically he is a pussy and a fraud

"Not... this is going to never end"

absolute nonsense

i like how the article cant even get KH's name right.......lol

"departure of former head Keith Hart"

and isnt the below good news since we were always told there is far more money in the liquids

"the view is that it's going to be more of a liquids as opposed to a gas development"

its a neutral article........nothing new.......we know options are still being explored and its going to be drawn out........so anyone without the patience needed can sell out at any time they choose

Sorry stray I haven’t articulated myself quite well enough - GKP’s forecasting is more guessing than others/normality, to forecast well you have to have a certain amount of clarity and stability, GKP doesn’t have that luxury. From politics, to PSC amendments, to FDP approval, lack of real knowledge of the field, with those risks still there, why start now. It’s not the right time. And if the rumours are true it’s not even GKPs idea to start the divi, the instis have demanded it. Then you think it prudent to spend more cash via a buy back on top of that, that would be poor cash management IMO

And my point still stands and facts are facts - buy backs are artificial means to enhance share holder returns

They are already behind schedule on the workovers and drillling. FDP was rejected. So much work ahead of them. So much more of the field to explore and exploit. Get that cash into the assets rather than the pockets of institutions. You simply can not argue that will create more fundamental value.

Stray sorry I can’t agree with you, a buy back is artificial SP enhancement, it’s nothing but that. The company doesn’t become any stronger or healthier because less shares are in circulation, that’s why it simply is cosmetic

And that’s the problem with “forecasting” it’s guessing, educated guessing, but to say the buy back can suddenly be halted should it need to be is correct, but that’s not the point, the cash has left the company and it will never be seen again and if for some reason GKP needed an extra $200mil more than forecast on the way to 110kbopd and that went on a few years worth of divis or buybacks, stopping it doesn’t really solve the problem, the cash is gone

Like I said and bravedog touched on......the KRG, the PSC, Iraq, etc etc........so many unknowns.......so sit on the cash until it’s clearer skies ahead......I simply think they have moved too soon on this front and the cash should be hoarded or spent on achieving organic growth

Cockeye, yes I agree, but what is better for the SP isn’t necessarily better for the company, but if something is better for the company it is almost always better for the SP

Always better to grow organically than artificially .......that was my point, that’s how the cash should be employed

Stray I agree what you are saying, but creating a better share price through artificial means like buy backs does not create a fundamentally better underlying company, that is my point. Any share buy back ever done and ever to be done will not make the company a stronger company.

It is fine for companies that are so flush with cash and have no upcoming substantial OPEX or CAPEX commitments to employ such a strategy, but to say GKP should commence a divi and a buy back at the same time is not at all prudent

If anyone can categorically confirm that on the road to 110kbopd that GKP won’t have any sort of cash call, equity or debt, then fine give that cash away and divert it away from the companies operations and balance sheet. But I don’t think anyone can confirm that.

That money will be put to better use growing the company organically or at least ensuring we have enough of a buffer that most unforeseen circumstances can be funded. This is GKP and this is Kurdistan, keep that safety net of cash!

Failing that buy into another asset, diversify, pay money to make money, not to use it for keeping greedy institutions happy.

cockeye

sorry but your post isnt very logical - of course sami wouldnt phrase it like that, but then you know that

like i said to Stray - buy backs are cosmetic only. divis given out just to keep investors happy is a cop out. keep investors happy buy growing organically, not by handout forced upon you

how many years did Apple go without paying a divi for?...............never hurt them becoming the biggest company on the planet

and of course HNWI's want divis......why wouldnt they??! doesnt mean its best for the company, just means its guaranteed short term cash in their accounts........

stray

any buy back is just a ploy to create a higher SP or enhance EPS artificially - buy backs are purely cosmetic, how does it make the company itself a materially better company?

"Strikes me that the truly aggressive play would have been to launch a share buy back plan at the same time as the new dividend policy"

aggressive and foolish........they have a huge (thats operational and financial) task ahead of them to get SH where it should be, why risk cash on a purely window dressing ploy - there is so much risk around this company that cash should be hoarded at all costs except when needed for essential operational issues/expansions

grow this company organically, under promise and over deliver - that will make the insti's happiest and get fresh money flowing in - i dont mind the divi coming in as its money hitting my account, but if i was in charge i wouldnt have gone that way

guys - no one listen to broad-fraud, he is a liar through and through, PMO is down 11%, Enq is down 12%, Genl is down 10%, POO has dropped over $2 today...............this is nothing to do with GKP, it is a sector wide sell off

again i repeat ignore the likes of broad-fraud, oilman/mcfly, big-dog, tess tickle and the others who lie and mislead purely because they have lost so much here in the past they want GKP to fail,.....any drop is relished by them and they will be desperate to make it appear more of an issue than it really is

oh and BB here is a thread you were involved in over on advfn where essentially you stated the BOD were misleading the market and GKP investors..............this exchange really shows your fraudulent agenda for what it is..........and what were you saying about being "free" with accusations......?......oh dear broadfraud, oh dear indeed

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In a post not long ago I described BroadfordBay as "the refinery maintenance person".

He took offence and said that my description of him "bordered on slanderous."

In the last couple of days he has said that anyone listening to Jon Ferrier and Sami Zouari "need their heads examined" for saying that the company is self funding to 110kbpd and that in an RNS and in a presentation to the City they have used:-

"standard weasel formulations, designed to get some of the more gullible believing something entirely different has been said."

BroadfordBay, who has NO background in finance, and NO knowledge of the negotiations between GKP and the MNR said this a few weeks ago:-

"I have always stayed clear of people who claim to be "experts", as they are generally anything but - except of course in their conceit and self-regard."

Yet here he now is, telling us that the Chief Executive and Chief Financial Officer don't know what they're talking about, need their heads examined and are using words intended to mislead.

Leave it to the REAL experts Broadford. Nobody's interested in your hypocrisy and your nonsense.

And I hope for your sake that GKP, who monitor these boards just see your slander for what it is.

The ramblings of an idiot.

"your response is very telling - not say somewhat over the top"

well its strange that it aligns with the views of so many others, no? i mean how many times by how many different posters have said the same of you? that your credibility has been obliterated and everything you deem a "contribution" here is either completely disregarded now or is to be washed down with several cubic metres of salt for good measure.......strange indeed!!!

"The "questions" you posed re oilman were, IMO, purely rhetorical and merited no answer from me"

so in summary you agree with me, it is nonsensical and illogical for oilman to call himself oilman due to his lack of experience in this field............. and someones credentials only matter when you have an agenda which is not aligned with theirs, thank you for clearing that up BB

"You are very free with your accusations about fraud, liars, etc, but much less so with details of any such misrepresentations"

there are a copious amounts of lies and misleadings by the likes of you, oilman and bigdog - from lying about insti selling, to pretending to know whats in results, from making up details about delays, fabricating technical issues, even to the fact you are your ilk just simply pretend to know more than you do - you are are false to your cores, bitter from the losses and unable to walk away - GKP simply has to fail, after all, misery loves company, right....?

i mean look at the poster bigdog who you consistently praise, not a clue about anything, an IQ of probably sub 80, caught lying on numerous occasions and still you are always glad when he "contributes" - a man with about 25 thousand posts to his name with nothing but bullshit and negativity only after he sold out for a 99% loss..........but he has value and you're all legit, right, lol!

in terms of jealously and ignorance - SS wiped the floor with you back in feb, as does habshan with you and oilman over the adfvn board and every time the anger just creeps through.......heres some of the evidence you require and on reading this it is quite clear you are a hypocrite too considering you latest statements directed at my posts contents

"There is a word for false people like you..."

"You are a despicable piece of trash - in all of your iterations"

"Bin for you, you fraud."

practice what you preach, eh, broadfraud?

"I'm in no way ashamed to say that I support several posters on the other board"

and i said as much, with your lack of integrity, shame wont be an option

Broad-fraud - no honest answer will be forthcoming from you then, I expected as much, after all you are just a con-man

On advfn you align yourself with 2 of the 3 biggest liars on there, you would up there with them if you posted with just a little more frequency

You used to have some value on these BB’s but like many have said before your credibility is in tatters and integrity non-existent

You are no way near as stupid as oilman so I presume he has something on you or maybe you are bit scared of him knowing his “unhinged nature” and it’s just an easier life if you dance to his tune regardless of how that makes you look

As for oilman going to Kurdistan, that means nothing when we all know how cerebrally challenged he is. He wouldn’t know a production facility from a canteen unless someone spelled it out for him. The man is an adult baby - but then you already knew that

I have been to my local Audi garage many a time, that makes me an expert mechanic does it?

I have seen yours and oilmans exchanges with SS before, you both showed your ignorance and jealousy in many ways. It is clear out of those exchanges who actually knows what they are talking about.

You’ve seen my posts of late disagreeing with SS on certain things, but I can say one thing for sure is that he knows a hell of a lot more than you and oilman combined and that’s why you try so hard to discredit him, it’s envy.

As for my profession, well first of I could just make something up and you would have no idea whether it was true or not, so what’s the point. The same as you asking SS for his credentials, it’s nonsense. But you know oilman has zero experience in this field and yet that matters not to you, but those who sit on the opposite of the GKP fence to you, well of course it matters then!!

Maybe one day the likes of you, oilman, bigdog, 111notout, will look back and be ashamed of your embarrassing and fraudulent conduct on here, but sadly I don’t think you will ever have the decency to

broad-fraud.......if experience is important to you, then can you confirm what oilmans is too please, thats the individual who you jump to defend at every possible opportunity.

and also - if his experience doesnt lie within this industry, why do you suppose he ever called himself "oilman" to begin with.............bit strange that, no?

thanks bravedog - so you agree with me that SS stating view the RNS's was incorrect in supporting his theory big lumps are being bought up quickly?

and apart from the paulson vehicle, who else is loading up because of this so called good news that is imminent?

and i disagree celicourt is paid to say that answer and no other - they cant simply lie, they have their reputations to think of, they cant say there will be no 2nd amendment if they know there is one coming, how does that make sense?

i'll ask the same question of you that i did SS - if another 6 months, 12 months has gone by and still no 2nd amendment and the company hasnt mentioned it at all in that time frame, will you accept there wont be one?

seems like a post of mine was removed so will post again as it broke no LSE rules, prob just some not liking a few home truths

ss - i think you sit to far towards to optimistic end of the spectrum

i dont agree with the likes of 111not out and all his avatars that state the company is sold already or will go for multi billions - he is just a serial spammer and a lunatic

i dont agree with mikey and all his nonsense accumulation theories

i dont agree with those at the other end like oilman, broad-fraud and bigdog - they have proved to be liars and are only pretending to know what they are talking about, they wont discuss any positive at all

like i said - 2-3 years art 500-600p via organic growth is a great scenario

i do agree with cock-eye on the 2nd amendment - it hasnt happened because it wont happen. was it even mentioned at the capital markets day? if another 6 months to a year goes by and still nothing, will you accept its dead in the water?

"Check first which return Paulson wants. He isn’t investing here to get a 100% return in 2-3 years"

where is the RNS that shows Paulsons holding? that is what SS told me to look at, the RNS's, so why would i "check that first".........?

is this the same Paulson that lost nearly a billion on Sino-Forest?

ss - its not case of disagreeing or not - the RNS's are there for all to see, show me which ones prove insti's are loading up big and in quick fashion, i cant seem to find them.............?

yes GKP is attractive for a number of reasons, but then it is unattractive as well, heavy oil, one asset, corrupt part of the world, dept still owed, politics, sales at big discounts to market price.........you can argue both sides of the coin

"no formal indication of what the 2nd Amendment may or may not finally end up as"

errrrrrr, yes there has been - the company its very self said its likely to be "neutral"

"nor any indication that company is not for sale"

again you can easily argue the other side, there is no indication it is for sale - in fact there is more logic that it is not for sale than it is, there are no whispers, no volume that would indicate that, nothing

yes they have under delivered unequivocally and categorically - you saying they haven't is simply mind boggling......................they are waaaaaaaaay behind the targets they set for the new wells and work overs, yes of course there are usually delays/issues which is why you under promise and over deliver, build in big buffers, they have simply not forecast properly

again i am long term bullish, but i cant agree with most of what you have said today

SS - i am not quite sure what you are trying to say with your latest post - care to elaborate?

i trust you arent including my posts as -ve, as i merely asked you to provide evidence of your statements, how would that be -ve?

you said there was quick accumulation of shares happening, i asked for evidence and you said "Go and check recent RNS's , where declarations are made"..............then you go on to say its a "theory", eh? well when you refer to RNS's that implies you have some facts to back up said theories, but it would appear not

like i said there are no RNS's that support your assumptions in this case

i do like you posts especially when you put oilman in his place, but in this latest case i cant agree with you at all. there is no quick accumulation going on that could lead to the thought process good news is coming soon.......sorry to say but that goes in the same bin as mikeys crackpot theories that every time the SP drops insti's are loading up, he has repeated that tosh for several years and it has of course over time been proved absolute nonsense

i am a GKP bull but through experience i have learnt that GKP is not some golden ticket that at some point will turn out to sky rocket in a takeover at a huge value

its going to slowly but surely grind higher over the years, clearly the BOD are greedy and over-promise / under-deliver and its going to be a hard slog, with no riches made over night

there is no stealth accumulation by instis that are desperate to get their hands on these golden tickets, the 2nd amendment isnt going to be fantastic or actually be a sale negotiation all along.............people need to have a reality check..........500p-600p through organic growth over the next 2-3 years will be a good result