Member Info for Nobodyspecial

The "guaranteed" $25m divi has to be paid imo, otherwise it's another failure by JF to deliver and it shows a lack of BOD confidence in the new payment agreement.

I don't expect them to pay another "special" divi this year. We'll have to wait and see what the plans for the Treasury shares are. If cancelled it should be good news for the dividend though I expect it'll have a limited effect on the share price in this climate.

Whatever happens JF and the rest of the BOD need to put their OWN skin in the game as soon as they are next permitted to. By not doing so they are undermining their own statements about the upside potential and future of the company and begging the question "why, despite all your previous statements, have you not demonstrated confidence in yourself, the BOD and the new agreements and the COMPANY by buying shares of your own, with your own money?"

I'm hoping Thursday brings confirmation of the £25m divi, no bonuses, at the very least no pay rises for any BOD members, preferrably cuts, guidance on remaining activities and timelines to reach 55k bopd and what the plans are for the Treasury shares if they're not being cancelled.

And for someone to have a chat with the joker who thought telling the market that "GKP understands that the KRG's proposal is in line with those made to other international oil companies operating in Kurdistan" was an acceptable way to convey they had a clue what was being agreed, interest free, at shareholders' cost, again, whilst Baz and Cashti pay themselves 80% of all government employee salaries over £2.5k a month in their own unique little KRG Job Retention Scheme.

out Thursday

Even more difficult to watch when I first saw mention of NCYT on here when it was still below £1. Thinking I'd already missed that boat I stocked up here instead. Yes. Well.

Anyone else here of the optimistic view that the MJF completion and Acid works on the deeps could have been going on concurrently since the 18th March RNS?

They cracked on with drilling both 150 & 153 whilst managing to break A5 at the same time. Could they not have been doing each deep in sequence over the last 29 days too whilst also completing the MJF wells?

Is it all possible we might get 153 flow rates AND updates on A6, A8 & 801 news in the not too distant?

Dear world

Me and my bosses have a problem we were hoping you could help us with.

I work as a senior member of government for Kentishman, a small land locked country with some oil reserves. You may have heard of us. We have a load of really noble countrymen who gave their lives fighting for their country recently, helping you guys out.

The thing is, I only get paid a modest salary in my government role. Me and the team often need to find additional ways to supplement our income. I’ve got a nice little cottage by the river in Sunbury upon Thames over in the UK. I got lucky once with some oil shares I bought and sold, just at the right time. You know ???
Anyway, I was hoping to have a swimming pool added and what with world oil process tanking, well, my additional supplemental income seems to have dried up a bit and funds are tight. My boss and long time friend Baz, has a place in Beverly Hills. The roof needs doing. He’s terrified the rain water, in Beverly Hills, will leak into his house and ruin the wall paper. He’s also been really badly hit by the oil price crash. He had some extra part time income coming in too.

The thing is, our SIPPS and ISAs have taken a bit of a beating lately, we’re heavily down on paper and now that we’ve taken what we can to top up our supplemental incomes, we can’t really afford to pay our noble countrymen’s wages or the fuel bills. Those pesky energy companies keep asking us to pay for the oil they produce for us. Don’t they understand that some of us have more pressing things to attend to during this current crises? How am I going to get my pool done now? How is Baz going to manage when it rains? In Beverly Hills?

Please help us. Obviously you can understand why, in these desperate times, we need to keep hold of those few hundred million dollars we put away for a rainy day, as it’s surely raining now (good thinking Baz!). But ignoring those several hundred million dollars of hard earned supplemental income, we’re flat broke and need your money. Please give as generously as me and Baz know you have been able to in the past. It’s vitally important that you pay for the salaries of the countrymen who keep me safe at night. Because me and Baz can’t.

Thank you so much.

Dr Cashti Mo Money C.N U.T
Global head of brown envelopes
Kentishman Regional Government

Agreed SS.

Re ERCE and the gas volumes, I believe the word billions doesn't quite cut it. Trillions is the word you're looking for. Billions only applies when converting it back to barrels of oil equivalent.

Yep, looks very very good.

Oh dear. The naysayers were right

Dividend parked - check
55k bopd parked - check
KRG interest free credit - check

Sweet gas exports - anyone?

Seems that GKP have just announced a second revenue stream, that will add to its reserves, hedge against oil price movements and give the company a greener profile to attract reluctant insti's.

Best update in ages. Unexpected surprise and great news considering initial plans were to re-inject. It's been a long time since I read a GKP RNS that made me smile. That one did. I'd imagine that if GKP are selling gas too in future, they can ride out lower prices than $35 Brent.

Providing they get paid for it, of course....
JF - nice rabbit, but what are you doing to prevent the KRG from nearly bankrupting us again?



Big fields.....big yields

Fantastic news for the LTHs

First buy - 03/08/09 at 12.15p. Always long. Even got the paperweight
I was slightly late for p.m. session on trial day 1. Sat near the entrance. Black leather coat, jeans and cowboy boots sat behind on my left. A guy left early with a hood. He later posted notes on iii as TheFamilyMan. Remember him? The result was never in doubt to those who heard Justice Clarke ask Wempen's barrister "Have you actually read what you have presented to me?”
After JC adjourned, I went to TK and introduced myself. He was wary. I told him I’d been in pre Sh 1, was a fan and asked how things were going on SA
He grinned the CNN grin, shook my hand warmly and told me that although he “couldn’t possibly comment”, everything, including the court case, will be ok. Lying **** But his grin told me all about SA. I went over to some guys standing near the entrance and asked “is this the iii cabal?” hoping one could pass on my notes and what I had just gleaned from my exchange with TK. I wasn’t registered on iii. Nobody answered. I left and bought more shares telling my friends I had just got word from the horse’s mouth. Sure enough, a short time later later GKP RNS’d SA’s success
I sold most of my holding before the last placing, using the proceeds to buy even more shares back in the placing. I didn't want to short GKP, but I suspected that bent MPs and hedgies were stealing my shares. If you can’t beat ‘em..
Luckily I wasn’t so badly diluted, but I’ve bought over 100 times since 2009, selling occasionally to make a few extra shares, losing most of the time. With hindsight and 7 trades, I would be a millionaire like JF. I didn’t sell at £4.65 because I was in ChazzR’s boat and life changing sums were on the line. We live and learn. Especially with GKP
I bought yesterday, averaging down 57p and breakeven is closer after a long hard decade. Tom48 – Gutted for you. But someone who put in the same time, commitment and SKIN has them now.
Not some Jon-y come lately, missing targets, spineless unlike Dana, wreaking value destruction worse than Putin, MbS & CV19 combined! GKP’s 5 year graphs don’t work anymore, such is the pumped height this share has fallen from since Gokana, Kozel, Zahawi, the short funds, secured bondholders, the KRG and current BoD members have all managed to destroy it. Cancel the treasury shares. Give back your bonuses and go. Or put your OWN skin in the game! I’m an Aber boy too and you’re a disgrace! 2nd Amendment? Missing payments? Sheik Adi “synergies” – your words? Disposal of Sheik Adi at OUR cost? The Permian light oil? The Stafford “pen stroke” that realises billions in Shaikan’s fractures? The Chinese Take Aways? The pitiful, dilutive, 15k uplift to 55k bopd STILL not delivered? LTH’s like Tom 48?The shortfall in last year’s actual dividend? Treasury shares not cancelled?
Disingenuous arrogant freeloader
Last year the $25m guaranteed divi USD:GBP rate was on average 0.79. Today it’s 0.86.
Big yields just get bigger? Every little helps IMO

While we wait…

21st Aug RNS announced that the A5 side-track is underway from 3976m depth, targeting an additional 500m by the end of Sept 19, implying an expected drill rate of appx 12.2m/day (500m/41days) which has evidently not been achieved.

27 working days later, 17th Sept RNS advises that A5 is “more than 200m” deeper, and therefore somewhere below 4176m, implying an indicative average drill rate of at least c7.41m/d.

13 working days later, 30th Sept RNS advises A5 is at 4288m, implying a drill rate of c8.62m/d, at most, since the RNS on 17th. The aggregate average drill rate is now up to c7.8m/d but drilling is paused for logging.

37 working days later, 6th November RNS advises A5 is at 4324m after a further pause to widen the well bore. The pause dropped the implied drill rate since last the last RNS to c0.97m/d, bringing the aggregate average drill rate down to appx 4.52 m/d.

The same 6th Nov RNS advises a revised expected TD of 4450m i.e. 126m left to drill.

At the highest observable drill rate achieved to date, 8.62m/d, A5 might have TD’d around Wednesday afternoon-ish, assuming that drilling was still ongoing without any further pauses since the last company RNS.

At the slightly lower historical rate of 7.8m/d, A5 would have TD’d yesterday-ish after drilling its final 45cm in just under an hour and a half.

Assuming that Casp are taking their time, because they do, and using the second slowest historic aggregate drill rate, of 7.41 m/d, it would take c17.01 days from the last RNS to reach TD.

Which is today, with 3cm left to drill, which should take just under 6 mins. Ish. Rejoice!

With the final casing still left for BH to do, no surprise there’s been no A5 update since 6th November. Yet. Maybe next week. Probably the week after with the November production numbers.

At the slowest daily rate, 4.52m/d, assuming another pause, TD won’t be until 3rd December. Ish.

As for the other deeps, who knows? But rest assured Clive says it could be “this period”. The Cretaceous period - c80million years. “This period”, the Neogene - 23m years and counting! The man keeps saying he’s not technical so I’m hoping he wasn’t speaking geologically.

Good luck all. A5 Should be nearly there. Ish.

N.b. above assumes 24/7/7 drilling & that depth measurements and RNS content were produced by CC and signed off, the day before RNS publication. It also dismisses the little porkie in The Interims, that they announced the A5 side-track was underway on 2nd August. They didn’t. See 21st Aug RNS.
(IMO DYOR etc etc etc)

BOTAK - sorry, loose wording on my part. To clarify, I knew I had sold the stock and therefore wanted to allay any concerns that the drop had been caused by an institutional off load.

As a PI I would not have expected my sells to have dropped the share price by 15%, and as a PI I know that when such things happen, it causes other PIs to wonder WTF just happened! I was in a position to shed some light on the events, so thought I would, as I know all too well how in the dark PIs can often be.

Onedaywewillbe - Fortunately I didn't buy the whole 55,000 at £1.86. The bulk of my buys were below 70p, so although I've taken a hit, it could have been worse. Thanks for the good wishes.

Apologies to those invested.

I had built a 55k position in these between my SIPP and ISA, paying various prices between £1.85 in Nov 16 and 46p in August this year. I sold them all this morning causing the initial drop to 29p. I was rebuked shortly after the trades had been executed by the ISA provider for not observing "market etiquette" and disrupting the MMs attempts to keep an orderly market, as the usual normal market size on Haydale is only 1500 shares. In between bursts of laughter I did point out to them irony that they should call me up and whine at me, when the MMs regularly drop a stock price out of nowhere for no reason, triggering PI stop losses and robbing them of shares, without giving a monkey's about the etiquette in doing so. I also asked what moral ettiquette was being observed during LIBOR rigging and the sub prime debt crises? They said "they couldn't comment". Funny that.

BOTAK - knowing that I sold the stock, I don't think you should expect any announcements of a Big dump, other than this one. Although I'm not responsible for anything that happened after the initial drop to 29.

Whooshbang - glad you were able to snaffle some of my loss making disposals and hope it works out for you.

I'm noboby special, just a PI, who wanted to preserve what little capital I had left after the constant decline in share price since I first bought in. I'm not happy about the placing, the long lead times before all of the "agreements" can have any impact on earnings, I'm not encouraged by the recent announcement regarding Amiblu and am more concerned that none of the Directors are buying any stock at these levels, than I am by Ray Gibbs selling up a small portion of his total holding. If Ray can sell, I presume there's no closed period in place that prevents any other directors from buying, so why aren't they?

I do think the company is well placed to be involved in potentially significant graphene markets in future, but just can't sit around waiting for that future to arrive, watching the share price continue its southern trajectory when there are other opportunities to be taken in the interim, that might help to recover the losses I have realised here today.

So, good weekend all, nothing sinister going on, just a lowly PI taking a beating and knowing my luck, there'll be multiple RNSs on Monday announcing Director buys galore and a block buster Huntsman deal. Que sera sera.