Member Info for Largo

Gulf Keystone Petroleum 188.10 -13.90 -6.88% BID...187.0 ASK..189.20
Wow....Time to walk Ferrier...!

Thanks Mikey...
for clearing that up..!

Tom.
That's quite an interesting fact.. "64.34% of the company’s shares are in the hands of some very big names"
If i recall 25% of the share's must be in the hands of the public....Standard Listing rules.
Not so much wiggle room there....for another share buy back or the big boys grabbing more shares...!

18 November 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")

Appointment of Chief Financial Officer

Gulf Keystone is pleased to announce the appointment of Ian Weatherdon as Chief Financial Officer ("CFO").

Mr Weatherdon has over 25 years' experience in the international oil and gas industry and joins GKP from Sino Gas & Energy Holdings Limited where he was CFO. Sino Gas is an energy company focused on developing natural gas assets in China and was an Australian listed Company (ASX:SEH) until acquired by a private equity firm. Prior to this, he held various executive roles, including; Vice President of Finance & Planning for the Asia-Pacific region, and Vice President of Investor Relations for Talisman Energy Inc., the Canadian exploration and production company which was acquired by Repsol in 2015. He also held the CFO role at Equión Energía Limited, a Colombian joint venture between Talisman Energy Inc. and Ecopetrol SA.

Mr Weatherdon was educated at the University of Calgary before qualifying as a Chartered Accountant from the Chartered Professional Accountants of Canada.

Mr Weatherdon will join the Board of GKP and assume the CFO role on 13th January 2020. As previously announced, Sami Zouari will step down as CFO and a Director of the Company on 2nd December 2019, but will assist Mr Weatherdon for a short handover period.

Jaap Huijskes, Chairman of the Company, said:

"Following a thorough search process, I am very pleased to announce the appointment of Ian Weatherdon as CFO. Ian brings a wealth of highly relevant finance experience within the sector to the management team, and to the Board. We look forward to him joining the team and to his contribution.

On behalf of the Company, I would like to again thank Sami Zouari for his outstanding contribution to Gulf Keystone, since joining the Company in 2015. We wish him all the best for the future."

So this statement is wrong..!
"Following completion of the above, the Company will have returned $75 million to its shareholders in 2019."

Corporate
• A $50 million dividend was approved at the June AGM. The first tranche of c.$17 million was paid in July 2019, with the second tranche of c.$33 million to be paid on 4 October 2019.
• A $25 million share buyback programme was announced in July. The Company is pleased to confirm that the first tranche of $15 million was completed on 30 August.
• Today, the Company is resuming its buyback programme for the remaining $10 million.
• Following completion of the above, the Company will have returned $75 million to its shareholders in 2019.

Can someone please explain to me.
How the $25 million share buyback is part of the $75 million returned to shareholders in 2019?

Half Year report 2018

"The Company continues to make progress with the MNR and MOL to achieve further contractual and commercial clarity in relation to amendments of the Shaikan PSC, which it anticipates being concluded during Q4 2018."

"We anticipate a review to the CPR once an update to the field development plan is ready."

Let's face it this Company sucks at keeping to their statements..!

I won't mention the installation of ESPs ...they must be five years old now ..!

Rockhopper Exploration plc (AIM: RKH)

Highlights

Resources to be developed in Phase 1 of the Project have increased from 220 to 250 million barrels (gross) with associated capex to first oil estimated at approximately US$1.8 billion (gross)

I now it's in a more formidable part of the world but US$1.8 billion capex for 250million barrels....!
Make you think how undervalued GKP is....!

8 July 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")


Share Buyback Programme
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announces its intention to commence a share buyback programme (the "Buyback Programme"), using the Company's existing cash resources to make market purchases of Gulf Keystone common shares for a maximum consideration of US$25 million (the "Maximum Amount"), with the first stage of that programme being initiated now to purchase Gulf Keystone shares for an initial amount of US$15 million (the "Initial Amount").

The Buyback Programme is aligned with the Company's focus on capital allocation and will be an accretive use of funds whilst not impacting the Company's ability to continue the execution of its existing investment programme. The Buyback Programme will be executed in accordance with the Company's general authorities to make on market purchases which was approved by shareholders at the Company's AGM on 21 June 2019.

The Company has entered into an agreement with its brokers Canaccord Genuity Limited ("Canaccord Genuity") and Peel Hunt LLP ("Peel Hunt") (together the "Brokers") to carry out purchases of the Initial Amount under the Buyback Programme on its behalf on an irrevocable and non-discretionary basis. The Brokers will make their trading decisions under the Buyback Programme independently of, and uninfluenced by, the Company. The Company has agreed the Buyback Programme for the Initial Amount will commence immediately and run to no later than 31 October 2019. Once the Initial Amount is completed (or timeframe for the Initial Amount expired) the Company expects to provide further instruction to the Brokers for the purchase of the balance of the Buyback Programme.

The Buyback Programme will be carried out on the London Stock Exchange and will be effected within certain pre-set parameters, including the safe harbour provisions set out in the Market Abuse Regulation 596/2014 ("MAR") the Commission Delegated Regulation (EU) 2016/1052 and the applicable laws and regulations of the London Stock Exchange. The Buyback Programme will be undertaken until the earlier of the Maximum Amount being repurchased or the 2020 AGM. Any shares repurchased will be held in treasury.

The Company will make announcements in due course following the completion of any share repurchases.

The Directors have no present intention of exercising the authority to purchase the Company’s Common Shares, but will keep the matter under review, enabling the Company to act quickly
if circumstances dictate. The authority will be exercised only if the Directors believe that to do so would result in an increase in earnings per share and be in the best interests of shareholders as a whole.

28 June 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")

Shaikan Payment Update

Gulf Keystone confirms that a gross payment of $21.7 million ($17.0 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during March 2019.

Cash Cow...!

I forgot the conversion 21.79 cents = circa 17p..so one third is 5.66pence.

Still Ok for me..!

I make the divi to be close to 7.25pence per share..!
Am I way off or is that close..?
If so I'm pretty happy with that..!

Tracking shares of Gulf Keystone Petroleum Ltd (GKP.L), we have noted that the current price is lower than the Chikou. Traders tracking this signal will be watching for possible future downside momentum.

Investors may be searching high and low for the next breakout winner in the stock market. As companies continue to release quarterly earnings reports, investors will be looking for stocks that have the potential to move to the upside in the coming months. Tracking earnings can be a good way for investors to see how the company is stacking up to analyst estimates. Some investors prefer to track sell-side estimates very closely. Others prefer to do their own research and make their own best guesses on what the actual numbers will be. A solid earnings beat may help ease investor worries if the stock has been underperforming recently. On the flip side, a bad earnings miss may cause investors to take a much closer look at what the future prospects look like for the company.

After a recent look, Gulf Keystone Petroleum Ltd (GKP.L) has a 50-day Moving Average of 238.73, the 200-day Moving Average is 234.23, and the 7-day is noted at 253.01. A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

Investors may use various technical indicators to help spot trends and buy/sell signals. Presently, Gulf Keystone Petroleum Ltd (GKP.L) has a 14-day Commodity Channel Index (CCI) of 298.61. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

Let’s take a closer look at some technical levels for Gulf Keystone Petroleum Ltd (GKP.L). The 14-day RSI is presently at 63.89, the 7-day is 71.36, and the 3-day is spotted at 85.40. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

At the time of writing, the 14-day ADX for Gulf Keystone Petroleum Ltd (GKP.L) is 30.73. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Lol....tom48

And Jane Barker......is Garth from Waynes World...!

https://www.gulfkeystone.com/media/120457/gkp-cme-presentation-vfinal.pdf