RE: GKP22 Aug 2018 22:36
Follow the money GKP are making tonnes of it. With POO rising every month they are banking progressively larger amount of profit - part of which will be used to develop the Shaikan field and increase production to 55k, 75k and 110k...
when that happens the monthly profits will increase exponentially.
from the 06 July RNS:
Jón Ferrier, Gulf Keystone's Chief Executive Officer, said:
"Following our recent announcement of the resumption of investments at the Shaikan Field to increase production to 55,000 bopd, an increase by about 70% compared to current levels, this refinancing resets the Company's capital structure that was put in place in conjunction with the restructuring in 2016. This is another positive milestone for the company and the Kurdistan Region of Iraq.
We also look forward to updating the market on our plans to increase production to 75,000 bopd and up to 110,000 bopd in due course."
'due course' is ambiguous of course, i know... and so do they...