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Invstrat.
Ig GKP did not have any Shares held in the Treasury, when any GKP employee who is holding any Share Grants from GKP "under any Employee Bonus Scheme" then GKP would have to "Issue more Shares" which is "dilutionary.
As it stands, GKP still has 229,429,566 Shares in Issue, which the Market recognises, and the Shares GKP holds the Treasury are enough to satisfy "all Bonus Scheme Awarded Shares" . . "without diluting the Share Price"
Remembering that the Wholesale side of the Market Buys for the Bid and Sells on the Ask.
The Low Trade today is 195p
And all day Mr CFEP has been sat @ 195p on the Bid
Guess what Mr CFEP is doing for "his Clientele"
www.screencast.com/t/nHqScELsFW4
The company refuses to confirm whether they have 80% net interest in the PSC, which would strong suggest they don't.
Key information (gross)
Gulf Keystone interest : 80%
Partner MOL : 20%
GKP Shows the "Working Interest" which is the current amount each Contractor is contributing to on ongoing Capex
GKP's . . "Net Interest" is 58% . . so in case of a Sale of GKP, the Buyer would gain 58% of Shaikan.
MOL hold 12% of Shaikan and the KRG hold 30% of Shaikan.
https://www.screencast.com/t/93FCzHru
If one cares to read through all the info on the GKP website the 1st Shaikan Amendment you will find the already announced information
The "net" percentage ownership amounts may change and maybe even the Working Interest may change with the KRG contributing to the Capex, "when" and "if" we ever get the much vaunted 2nd Amendment is announced . . but until then, or pigs begin to fly, the status quo stands
The company refuses to confirm whether they have 80% net interest in the PSC, which would strong suggest they don't.
Key information (gross)
Gulf Keystone interest : 80%
Partner MOL : 20%
GKP Shows the "Working Interest" which is the current amount each Contractor is contributing to on ongoing Capex
GKP's . . "Net Interest" is 58% . . so in case of a Sale of GKP, the Buyer would gain 58% of Shaikan.
MOL hold 12% of Shaikan and the KRG hold 30% of Shaikan.
https://www.screencast.com/t/93FCzHru
If one cares to read through all the info on the GKP website the 1st Shaikan Amendment you will find the already announced information
The "net" percentage ownership amounts may change and maybe even the Working Interest may change with the KRG contributing to the Capex, "when" and "if" we ever get the much vaunted 2nd Amendment is announced . . but until then, or pigs begin to fly, the status quo stands
https://www.screencast.com/t/yBIjwPTqzg0
The above screenshot is taken from the 28th March Presentation and shows (starred) 4 new Well positions, J, G, H, & I. so on the face of it, the announcement of a Well "L" is for GKP a new previously unannounced Drill.
As a further check to confirm, the below screenshot is taken from the 10th September 2019 and shows that SH-J was removed and replaced by the SH-9 Gas Injection Well, and also confirms that SH-L, is an additional previously unannounced new Well.
https://www.screencast.com/t/ONF1OljCii8s
I agree that it that GKP on the surface has made a mistake over the distribution of the Dividend money, but as GKP are adamant they are correct and discussing it on a Forum is just going round and round in circles and getting the matter no where.
Now the "only" "body" that can compel "any" Listed Company to do anything and enforce the Rules in such matters . . are the FCA. . .
However, there is only one small problem with the FCA . . the FCA does "not" reply too or tell the complainant of its decisions . . . but it is compelled by Law to investigate every complaint and if GKP are found to be at fault . . . the only thing that we will see . . . is a correction by GKP.
And if GKP are found to be "not" at fault . . . then we will see the status quo remain as is.
To that end maybe its best that someone with good grammar skills and an exact grasp of the amount of money per share involved, and the amount of Shares in Issue and in Circulation at the exact time the 2nd $25,000,000 became payable . . formulates a letter . . that is published on here . . and every person on here who feels a mistake has been made can "copy" the Forum published letter and send it to the FCA themselves in a power of the people show of force.
? ? ? ?
I nominate Straycat ? ?
From Simple Thorough Research
file:///C:/Users/User/AppData/Local/Microsoft/Windows/INetCache/IE/F8MHSUC7/gkp-cme-presentation-vfinal.-28.03.2019.pdf
Page 47
https://www.screencast.com/t/apUul05P
Note . . . "PF1 to PF3 is 2km"
Note . . . "Three 8" sour gas in-field pipelines"
And a long time ago GKP stated that SH-7 would be Drilled approximately 3km East-south-east of SH-1 which places PF3 approximately at the end of the arrow
https://www.screencast.com/t/qmb9gXlAeV
And strangely enough, showing on satellite imagery I have, around the end of the arrow is a large Concrete Pad, which I presume was used for Crew Cabin storage for SH-7 & SH-8 where drilled, so I would speculate that the large Concrete Pad will, could, may, possibly be used for the position of the PF3 Gas re-Injection Pumps Facility
(Can't remember the Rig number which drilled SH-7 but it had a very large Crew) (L600 ??)
(I remember it took some 220 truck journey's to move the entire Rig entourage from MOL's Duhok North site to Shaikan)
And all gained from simple Research using a keen eye for detail . . . . . . . . .
Hi Angina.
Sheikh Adi is to the northwest of Shaikan, and was found to have one corner of it in direct contact with Shaikan, so effectively is a small extension of Shaikan.
As such, as a separate Licence requiring its own Development Plan its own Production Facility its own Connecting Pipeline to the Main Export Pipeline in fact it own "everything", Sheikh Adi was deemed by GKP, "at a time of Financial Constraint" to be too expensive to continue to Develop further, so GKP relinquished the Sheikh Adi Licence.
And
Contrary to popular belief . . . if folks carefully read what GKP has released . . they will find the KRG did not take the $10,000,000 Relinquishment Fee and GKP has not got to do reinstatement work on SA.
I am not implying that Rosneft are doing anything with Sheikh Adi, those are Bravedogs words.
One step further . . I don't believe that Rosneft have taken Sheikh Adi and if they have, the small corner of the Licence in direct contact with Shaikan, and IMO through its size is not financial viable to be worth the effort to Develop further
Mikey,
A while ago, Malcy showed pictures of Shaikan and somebody mentioned he said that PF3 « was awesome ». If PF3 exists, is it located on SH or SA? If it is on SH, GKP must pay for it and announce it. If it is on SA, Rosneft pays for it but doesn’t need to issue an RNS.
If Rosneft plans to extract oil from SA, a PFx unit is needed as well as a pipeline going westwards.
Lets deal with Rosneft first.
Each Oil Co with a Licence to explore for and produce Oil from their Licenced Field is responsible for "paying" for the Feed Oil Pipeline from said Oil Field to the Main Export Pipeline. End Of
As for PF3 . . it "has to be inside the Shaikan Licence area" it cannot be outside
It is always said that knowledge comes from Research, Research, Research and GKP >> has << informed the Market of "where" PF3 will be situated . . .
In fact, with very little difficulty but just through my own thorough Research I have known for 10 months "where" PF3 will be situated.
"mean that the professional investment community are waiting for clear evidence of performance"
Straycat.
By the "professional investment community" I presume you mean "City Entities" two words which encompasses any Wholesale side Entities, on which one will find on the Morning Star Website and GKP's own Website and on which one can count the percentages such Entities hold.
Another and more comprehensive way to check how many "actual Shares" every Wholesale side Entity holds, I would suggest you get yourself a copy of the GKP Share Register, in which you will see that the Wholesale side Entities own in excess of 75% possibly as high as 80% or more of GKP Shares, with the PI's, through various means which include Spread Bets, CFD's, and Cash through normal Brokers hold the remaining GKP Shares in circulation.
(an exact figure of the City Entity to PI percentage split is difficult to obtain, as it can change quickly.
Let me be clear
The MNR pays its Oil Producers 90 days in Arrears
To stay inside the principal of a 90 day Arrears Payment Schedule the KRG has the following 30 days to pay its Producers. .
If the October Payment was Paid in January . . it would be "inside 90 days" . . so will not be due for Payment until after 90 days which is in February .
The MNR pays its Oil Producers 3 months in Arrears
To stay inside the principal of a 3 month Arrears Payment Schedule Septembers Payment still needs Paying.
As for the October Payment if Payment was received in January then that make it a 2 Monthly Arrears Payment, so the October Payment has the whole of February in which to be paid to stay inside the 3 month Arrears Payment Schedule.
IMO
"Since December 10, GKP’s website has a holding of 5.47% for Capital Group. "https://www.gulfkeystone.com/investor-centre/shareholder-analysis (this should soon change).
The 5.47% was what the 5,027,150 that the American Funds SMALLCAP World Fund sold
Bravedog.
The Buy Back is stated as being made on the LSE, and Peel Hunt was buying via OT trades through WINS, while todays trade was the start of Cannacords stint and he buys mainly via AT trades.
And as the Capital Sell was executed on the 2nd Jan 2020 and there has been two days Buy Backs since, it's can't be Capital that's still selling, so IMO you're putting two & two together and getting five
Its simple . . . Capital Sold last Thursday and reported the fact to GKP this morning who issued the TR-1 around 11.30am today. . .
Prior too last Thursday Fidessa reported no excessive volume days or significant rises to indicate a Sell Order was being processed, (Fidessa reports prices as well) which IMO means that Capital sold its 7,877,671 Shares by Private Treaty to another Entity at an undisclosed Price . . .
"Thanks Mikey , so the ibvuiys question is would you be able to identify the whereabouts three shaess have gone with an updated copy of the updated register?"
Bugsy911.
The Share Register I have is from July 2019 and while there's been a lot of changes since I would expect it to be reasonably easy to identify the buyer of 7,877,671 if one got todays Share Register, unless of course they have gone into dozens of smaller accounts