Member Info for PUTUP

Yes, there will be capital distributions when and if the $151 million is received. And the value of them will come off the stock price when it goes ex (cash out = value down)*. Dividends don't create value. They pay it OUT of the company.

But when will the $151 million be received? Anyone who thinks it will be received in a single lump sum prior to the pipeline opening is absolutely nuts. (And current cash is closer to $85m than $100 million.)

* Muppet Jakelamotta has commented that large shareholders such as Lansdowne Partners Austria GmbH (not a hedge fund BTW) haven't sold shares. No, they haven't, but they've been extracting their capital out of the GKP play via dividends. In fact, they've got all their initial risk capital back already. There hasn't been a desire to sell given the rate of extraction.

Jrlomax added to the muppets list...

No one other than the seller and their broker know when and at what levels the first 0.5% was set for each firm. They’re not required to disclose until crossing that threshold. Furthermore you have no idea about their portfolio dynamics nor their intentions. Stop spouting absolute cr@p.

Every now and then this same idiot pipes up here under different avatars spouting the same bs. He has absolutely no idea what he’s talking about. Complete charlatan.

What a load of boll@cks

Walleye Capital LLC GULF KEYSTONE PETROLEUM ORD BMG4209G2077 0.90 10/12/23

WorldQuant LLC GULF KEYSTONE PETROLEUM ORD BMG4209G2077 0.81 10/12/23

Qube Research & Technologies Limited GULF KEYSTONE PETROLEUM ORD BMG4209G2077 0.50 10/11/23

@Invstrat

LMAO! 🤣🤣

“The market in GKP stock has been rising as has hedge fund shorts volumes have risen!

These hedges have been trying to suppress the market price action for their clients.

Clients who have long term built and continue building super cheap stakes pre the inevitable and clearly near term corporate action.”

What a load of b*llocks

Imagine you only have a few years to eat what you can and you're prevented from eating them for a year...

Haha

I'm still here. No clue Opu seems long gone however.

Decades of daily persecution leads to ugly consequences...

Shorts increased again on Friday as well

WorldQuant LLC GULF KEYSTONE PETROLEUM ORD BMG4209G2077 0.72 10/6/23

Following on from the increase on Thursday:

Walleye Capital LLC GULF KEYSTONE PETROLEUM ORD BMG4209G2077 0.80 10/5/23

And this from the guy who was saying it would be all go last Monday...

Haha.Yes, the kids are getting excited. Wake me up when there's some real news. Until then, yaaaawwwwnnnnn!

Undervalued if oil flows soon and we get paid; overvalued if not. All very binary.

Yawn

Probably not very sensible to come onto a public forum and shout, ahead of an announcement, that you have inside info regarding the announcement and pump up the implications. I hope you didn't trade on it TSSZ as that would be a crime. The FCA may well have already requested IP address information from London South East. Don't worry, it will take them a while to compile their evidence - no need to shop for striped PJs just yet.

Worldquant increased their short yesterday

Thanks for the informative posts BB (unlike most here). Personally, rightly or wrongly, I am much less worried about #1. I think SOMO will have to honour the existing contracts as is. I see this issue as more of a problem for the budget discussions between Federal Iraq and the KRG which seem to have set an impossible situation. I absolutely agree that #2 is a great unknown issue. We will have to see how it plays out and you are absolutely correct to layout the considerable risk. #3 is a question of time but also, as you highlight, money. People here have greatly underestimated the complexity of the negotiations and the historical poor return to the pipeline owner.

In 2020, when the stock plummeted with the onset of covid all you had to believe is that the oil price would recover (and a close understanding of and watchful eye over vaccine development gave a lot of confidence in this regard). In my opinion it was an easy call then. The current crisis is much more serious. Everything is at stake. I'm holding, but will also continue to call BS to the complete rubbish that often permeates this BB. Let's see how things unfold.

""ie are our local sales @ 30 dollars now ‘net’ in advance"

Correct"

Just to be clear, as was discussed a week ago, they are being paid the Contractor's entitlement (nothing more) in advance from which they pay MOL.

"Thanks. Just trying to keep it real. "

"They are probably at or nearly at full production 55-60kbopd right now .

They will be generating north of $10 m FCF a month"

No, Jake they're not at 55-60k bopd right now and, no, they're not generating $10m FCF a month. Cash balances did not change materially between 30 August and 25 September. Just to keep it real.

"Well we could resume production and keep all the sales costs until the Debts are cleared"

Sales revenues? No, they aren't able to do this. Payment doesn't come to them.

"ie are our local sales @ 30 dollars now ‘net’ in advance"

Correct

The FCA just published its updated shorts list as of yesterday's declarations. No changes for GKP. Looks like they weren't phased by yesterday's price action at all. We will have to wait until tomorrow to see if they acted today.