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https://polaris.brighterir.com/public/gulf_keystone_petroleum/news/rns/story/xq7n6kw

Nice to see the $30m land and decreasing arrears, massively undervalued in my opinion. Hopefully with the oil price 81.5-82 we should kick on from here.

GLA

Well looks like OPEC+ are sticking with original plan for ramping oil volumes up which has lifted Brent to $82+

Not surprised about the oil price given the increasing demand and squeeze on supply, can only see this getting greater over the coming months. What I am surprised about is that GKP is not £3+ already, but let’s see.

GLA

So a few things for this week from GKP…

- expected payment est. 30m
- payment of ‘interim’ dividend
- possible update regarding SH13

Expecting us to be pushing over £2 and that becoming the new baseline going forward?

GLA

Surprised we are down today given the oil price, however quite common for us to dip down when payment is expected.

Suspect another 30m arriving next week?

GLA

Looks like we’re heading to $80 oil over the coming weeks. The thing that has surprised me is that GKP has not built on £2 and kicked on.

Hopefully with more positive news next week including payment, maybe update regarding the SH13 well we will start to kick on.

Looking further ahead if we can deliver the 55k bopd on the current timeline we will be in a very good place given the outlook for the oil market in Q4 and 2022.

GLA

You also have to factor in a very strong oil price and bullish tones regarding future direction of oil price.

It’s very positive news that the sp didn’t drop by the full dividend value. However you also have to consider the short term upcoming positive news so not entirely surprised :

- expected SH13 announcement
- expected payment due next week

GL

Hi, please see the dates regarding dividend below taken from website:

Ex-dividend Date: 23 September 2021
Record Date: 24 September 2021
Payment Date: 8 October 2021

Apologies my misunderstanding I thought this was Charlie’s work :)

Thanks

I seriously wouldn’t trust a thing from goodnight Charlie lol :) or anyone else for that matter on social media.

Don’t get me wrong I would love to see us at £25/share and firmly believe we are undervalued by some distance but I don’t think peddling this or a takeover tomorrow does anyone any favours. I could be wrong?

If anything as a long term holder I would prefer to see a consistent steady rise to a more realistic valuation as one of my fears is that we are taken out on the cheap. If JH continues delivering and hitting our targets then barring any black swan events I am personally positive about GKP future.

So given we go ex-dividend on Friday do we think we will receive an RNS confirming the new well coming on-stream before then? In the last update we expected this to happen during September…..

GL

Apologies for the spelling bloody predictive text on iphone!

Putup - why would I place my bid at 5.94 when I can buy on the open market much cheaper? Strange comment? I my opinion GKP is very cheap at the moment but that is purely my opinion and I would never make any recommendations whether to buy/sell I just make my own personal decisions.

Like I have said previously post your issues with the report to them and it would be interested to see their responses.

You seek very adamant that GKP is worth significantly less in which case good luck to you reaching or target and bid you farewell when that happens.

Meanwhile let’s look forward to a positive few months ahead.

GLALTH

TM - I agree that these ‘predictions’ should not be treated as gospel and should only be taken in a broader view when investing but I do prefer to read and take note of professional opinions rather than bulletin boards ;)

Like I have said I honestly don’t have any issue with criticism of any views but to just dismiss the report as BS as Putup has is ridiculous.

There have clearly been models used to derive ‘fair value’ from data provided by the 6 sources as mentioned in the report so I have more confidence in that than anything spoken on here.

Anyway let’s hope for another positive week leading upto ex div on Friday.

GL

Seriously come on…there is a link in the report which contains the following:

‘ Gulf Keystone Petroleum is covered by 29 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report’ and lists the analysts you can check yourself.

I am all for balanced opinion but to just say something is BS is ridiculous especially when it’s coming from a respective source.

Putup - really this article is from a respectable outfit and has had input from 6 professional outfits.

I know who I have more confidence in lol

Your negative posts are one thing but if you have issue with the findings from simply wall street why don’t you take it up with them post why you think it’s BS and then post their response?

Thanks shortsqeezer for the link.

Good document with lots of good solid information, have looked at some of simply wall streets analysis in the past and they are generally pretty good.

I think like a lot of long term holders expectations have been dampened down the years however we have a lot of positives coming our way and still believe £2bn mark valuation is achievable. That’s not me ramping it’s purely my opinion and if I remember during an interview on the radio it was also our previous CEO’s opinion.

But first things first let’s get over £2 and onto £3 mark were we have previously been post restructuring.

GLA

https://oilprice.com/Energy/Oil-Prices/Chevron-CEO-Oil-Prices-To-Remain-Higher-For-Longer.html

I think GKP will have the same dilemma once we reach 55k bopd I.e. just maintain at that level and distribute to shareholders or expand further. I think there is a strong argument to remain at 55k bopd once we get there and diversify.

GLA

Disagree JF talked about doing lots of things and failed to do any. Whilst some luck as fell on JH with the vaccine rollouts, improving economic environment etc he has made a terrific start.

I would like JH to deliver the 55k bopd in the first instance and that would tick a lot of boxes for me before any further development beyond that.

I am sure there have been lots of sporting coaches who have inherited good sides/assets and delivered success on the back of others ‘plans’ and that will do me just fine.

GL

****eye - my point was that this news has been public knowledge for sometime. There are risks as you know yourself however GKP risks are a lot less now that they have been for many years. We have a well understood field consistently producing and only going to produce even more over the coming months. A strong balance sheet and ‘consistent payments’ albeit I would prefer a wider customer base :)

We had a higher market cap when we had no route to market or proven oil flows, we are now a producer as opposed to a wildcat explorer.

Yes there are risks with GKP including the FDP not being approved or additional costs for gas management but we have to have some perspective I think.

I think JH has done a great job so far and I feel a lot more comfortable that he is at the helm instead of JF. If we reach the 55k bopd as planned I genuinely feel this is game changing for us as it will instill confidence and also drastically improve incoming cash whether that’s used to expand further, diversify or distribute to shareholders that’s another conversation.

GL

SS - I think the most galling thing about GKP handing back SA was that we had to pay £10m for the privilege when in reality the reason we couldn’t satisfy the PSC was requirements was lack of payments from the KRG.

If you remember SA offered a lot of promise of being a commercially viable resource hence why this was painful to witness. The reality is that’s done and there is no going back. We are now in a much stronger financial position albeit with a single field (but the most important one).

GLa