Member Info for LongStrong

Well haven’t been on here a while but notice not a lot has changed lol apart from:

- we are now a dividend paying company
- confirmed fully funded so no need to ask for any money

I don’t know another mid tier oil company that is in a more healthy position, the current share price is ridiculous no matter what way you look at it. The cash in the bank the free cash flow and ever expanding production will make this a complete cash generating machine. The only downside I see is the current BoD have baggage and they couldn’t sell sand to the Arabs.

The share price should be reflecting a 1 - 1.5bn company in the short term with medium term target of returning to 2bn+ company. Once 55kbopd then 3bn+. We need a BoD to sell this story and unshackle the previous history to unlock the true value here.

GLALTH

I found this quite interesting to give an insight on how valuing GKP could be approached

http://www.marketoracle.co.uk/Article16413.html

The 40k bopd is based on the timeline provided. Agree they should be doing more especially comms regarding operations.

The BOD have explained how they are getting to 55k a day they have plenty of free cash flow what more do you want

The self doubt around oil price and brexit is a great opportunity to load up with oil
Shares in my opinion, GKP is the stand out small cap that offers multiples.

Lots of positive news to come and probabaly approaching 40k+ a day post December with lots of free cash flow what is not to like!

So GKP has dropped from £3.03 to just over £2 that is some going but I think need to look further to explain why:

- oil price has fell from over $85/barrel
- lack of communications

The first is having an impact on all O&G companies so whilst GKP seems to have been hit harder I believe this will be corrected when oil price recovers. Remember GKP has one of the lowest lifting costs and break even points for production of oil.

The 2nd point concerns me as I really do think it’s crunch time for the current BoD regarding the PSC 2nd amendment, there are only so many times you can kick the can down the road. The latest estimate for agreement on the 2nd amendment is Q4 so time is ticking. If this is delivered as promised then this will have a significant positive impact on the valuation as it provides certainty for future sales.

I am still very positive for GKP both over the short and long term given the operational performance with lack of investment, increasingly strong balance sheet and commitment to developing to 55kbopd.

Good opportunity at the moment with all o&g companies I believe.

GLA

Another nice sum of $20.9m paid for July production quite a significant increase from previous month and that with with average prices around $72/barrel.

Next few months should be even better with higher average prices offsetting and production volume decline with ongoing works being completed.

Even with no additional increase in production looking at around $240m revenue a year that is pretty impressive with a company valuation of less than $700m.

All markets down today and higher volatility around given political uncertainties all over, however cash is king and GKP have plenty which puts them in a very strong position. It certainly is a very different company than it used to be even if the BoD surrendered licences to other potentially profitable fields.

Onwards and upwards... GLA

I haven’t been on here for a while but have seen a few posts across multiple boards from the so called oilman, what an absolute co&k!!

The guy claims to have insider knowledge, constantly bashes the company and then says he holds a six figure sum of shares!! Seriously if anyone was to hold a six figure sum of shares surely you would want to see th company do well (if you were honest) or ramp and get out as quick as.

This guy is so full of shi$ the fact is the company has recovered from a very precarious position where they could not service the debt, sadly LTH suffered however the company is now at least on a strong financial footing to further develop.

I don’t like the current BoD as they have proven they couldn’t give a damn about anyone apart from themselves however at least now they will benefit from the company valuation increasing which in turn benefits shareholders.

I do believe GKP to be a very attractive buy now, they need to get the elephant in the room sorted in this quarter with the PSC being finalised and actually deliver the operational plan then we will get a fairer valuation of of multiple billions.

GL

I haven’t posted for some time however have you ever wondered why there are so many negative posters for GKP?

Well I will tell you why:

- it’s one of the most undervalued oil companies in the world
- there are so many positives that will be communicated over the next 6 months
- it was a shorters dream but now 95% company is held by II
- they hold the licence to one of the worlds biggest on sure discoveries
- the balance sheet is so strong and is almost half company valuation
- the CPR is so conservative it’s unreal this is going at least 4 X
- the politics between Baghdad’s and Kurdistan are being played

Let’s wait until at least £10 then we start getting excited to £30-40 plus

Nice to see the SP hold on little volume yesterday, lots of positives to look forward too in the run up to 10th sept. Valuation is still low even based on the conservative CPR numbers, just a few things to look forward too include:

- confirmation of pipeline tie in
- confirmation of PSC amendment (Which the company has confirmed should be beneficial or neutral at least)
- Optimisation of capital
- increased BOPD figures kicking in (although would like to see the forecast based on the confirmed investment plans going to 55k as would expect a drop whilst work is undertaken.
- backcost/arrears settlement (as part of PSC amendment)
- improved profitability with significant increased revenues

So all in all I would think the latest share movements is just the start to get back to a more reflective valuation. By the way I have a nice picture by the Eiffel Tower, I know loads about baguettes me :)

I haven’t posted for ages on here but keep looking in as the share price rises. Things looking good here with decent support at the 2.60 level on low volume.

There are so many positives here that it has brought out the rats in droves. Why would the self proclaimed ‘oilman’ spend so much time on a bulletin board posing absolute nonesence for anyone’s benefit other than himself. Come on guys anyone invested here knows what’s happened and also knows where we are now.

Bit of advice for anyone don’t take any advice off anyone on a BB. There are a few genuine people out there who want this to do well to get their investments back other than that everyone else is pretty much out for themselves.

Good luck to the genuines and remember to laugh at anyone who thinks they are important (you families and loved ones are the important ones not some trumped up &£@& on a B.B. :)