Member Info for rogthegamer

I must admit to being one of those that were expecting another buyback, and /or, a dividend. Nevertheless, the fact that the previous 25 million dollar distribution has all but been replaced by free cash flow within a few months indicates an ability to return further amounts later in the year, and / or, if the share price drops, as so eagerly anticipated by one, the company have stated there disappointment regarding a too low share price and they clearly have the resources to step in with an additional buyback.

Today’s early price seems to reflect satisfaction with a profitable start to the year under continuing difficult circumstances, but it doesn’t price-in an eventual return to pipeline exports, no doubt because there are no positive signs in that direction.

Hold

Itzatimeto —— Stop answering Itz because I no longer wish to exchange worthless points with an intellectually unarmed person.

I now believe the key to the pipeline reopening is Iraq’s OPEC quota. Can they sell Kurdish oil via SOMO without reducing cheaper production elsewhere? It seems to me that Baghdad are turning a blind eye to those ‘local sales’ and we (GKP) might have no choice other than to rely on that export by tanker income for some time. Fortunately we are in a strong cash positive position and if the board decide to maintain the freeze on long term investment they could distribute all short term profits. In that respect it’ll be interesting to note what those profits are currently, ie. could they afford another immediate buyback and a dividend total of say 25 million dollars? And importantly repeat that 3 or 4 months later ( a nice Xmas bonus) if so I for one will be very happy to hold indefinitely with the possibility that one day, who knows when, the pipeline will reopen. The time when the buybacks / large dividends can be replaced by investment in future production increases.

“Hopefully GKP production is up and $ per barrel has increased to 30+“ “Another Divi and buy backs will. Be good news for holders”

Strange coming from an idiot that wastes time studying a share that Itz doesn’t own and is in reality hoping that the news will be bad and the share price falls to 90p so that the hypocritical fool can tell us all how stupid we are for being GKP share holders. Itz did of course add that “the share price isn’t going anywhere until pipeline agreement”

Personally I blame the government for closing the asylums and allowing care in the community.

While it’s nice to see buying interest I wouldn’t read too much into trades of that relatively small size (for an institution) it could be a short taking a profit, a long position trader* with a thought that the results are due, an institution with money to spend into a high risk or high yield fund. It could of course be someone with inside information, although that could be

the seller of the shares those shares looking for an exit as well as a buyer looking for a profit. * Personally I’m holding in the expectation of price supporting news in the results and a nice dividend, but I won’t be crying no matter what GKP or those f*****g Ar**s come up with next as an excuse for their stupidity.

I’m confident regarding the probability that the GKP share price will increase on or before the half year results, subject to general market conditions, I will therefore retain my core holding, however as a trader I won’t resist the chance to take the 10p gain on the shares purchased for 115 earlier this week. (Happy wife, happy life. )

Missed 115 this morning and just took that now, probably in too deep, but hey it’s only money.

Itzanidiot, haven’t you noticed the current market, as for GKP ninety, no, and if you had any money to risk you could short the stock yourself, no, that takes balls.

Good results, good deal today, even if the market continues to fall for a while.

At today’s opening price 115 or thereabouts I’ll put my money where my mouth is and buy, albeit knowing the risk.

Taking account of the recent share price fall towards the level that the GKP board recently regarded as being too low, thus triggering the share buyback, I’ve switched my personal position from hold to buy.

With the half year results due shortly and the probability that 27 dollars per barrel, or a little more, is being achieved, alongside production remaining as reported, cash currently being generated in addition to the more than adequate reserve should allow for another buyback, and or, a dividend payment.

“Now I ‘hope’ 122p holds later this week” not true.

Itz got nothing useful to do in life. Balls*** As a person that does not hold shares in GKP you’re obviously jealous of those that do have money to spare for high risk / reward stocks, and you are desperately hoping that the shares will fall so that you can post your perverted pleasure.

Fortunately as I for one have more than made my money back on short term trades, more to follow if the price drops, I’m happy to sit on a good dividend opportunity no matter what the share price might be within reason.

The regular contributor that was called Amaximillion, or something like that ? The communist that had millions in GkP.

Belgrano

My guess will be that no more updates will be announced prior to the results. The share price has increased since the start of the buyback, not as much as some here might have hoped, but there’s no pleasing some. Another buyback could be a better way to spend any surplus cash than another dividend, however, the share price after the results will reflect the performance and the prospects, buyback now or not. So dare I say it again ? Why not. Patience Required.

On yesterday’s RNS I noticed that Peel Hunt or their associates made a couple of 11 share trades, unbelievable until today when I noticed that they purchased One Single share ! And they made several trades @ my favourite number 69. Can only hope they’re not being paid per trade.

The current trend on this site seems to be focusing far to much on GKPs bonus rates, personally I’d need a very large bonus to exchange my tropical beachside location ( average temperature 35c 12 months of the year) for a job in Iraq / Kurdistan 50c summers and a very dangerous place.

On the 5th of March 2024 Walleye Capital were short 1.04% GKP shares were trading @ 101.5

On the 14th of March they reduced to 0.95% GKP trading @ 105

On the 30th of April they reduced to 0.89%. GKP trading @ 117.9

On the 22nd of May they reduced to 0.79% GKP trading @ 132.7

On the 3rd of June they reduced to 0.69%. GKP trading @ 137.4

= total one Million ish shares repurchased at a loss

On Friday they will need to pay a 5p dividend on the one Million + shares that they have yet to return.

I wonder if Itzis their advisor .

Interesting, and for me surprising that “our” oil is being smuggled via Iran, no wonder there’s been high level meetings between Iran and Kurdistan recently. It’s certainly confusing to see that Iranian backed interests in Baghdad are preventing Kurdish revenue flows via the pipeline, and at the same time Iran profit from assisting the smugglers. It’s a strange part of the World that’s for sure.

All of that said we should now be expecting our 28 dollar price to increase, and provide funds for another dividend.

Belgrano that level of blatant corruption sounds horrible, although as a man that lives in South East Asia I’ve learnt to live with something similar ( they take the money with a smile here , albeit small by Western standards ) and we accept it if we want to stay in THEIR country.

That said, as a share holder in GKP I’m thankful under the current circumstances that they are making some money from what they politely call ‘local sales’ In that respect we ( all GKP shareholders ) are profiting from corrupt sales, therefore we can’t take our dividend and throw verbal stones at them .

According to my rough calculations GKP have purchased about 4.5 million shares for cancellation at a cost of approximately 8 million dollars.

If the remaining 2 million is spent before the half year results I wonder if another buyback or dividend will be announced at that time. In that respect I for one will not be too concerned about small share price movements or a lack of news Re. the Pipeline.

Not so long ago when no oil was being produced or sold and GKPs share price was in ‘Itzwashappy’ territory and more doom and gloom was wrongly predicted, I’m sure we’d have been very happy, and surprised, to have a 10 million buyback and a 15 million dividend within a few months. Now if his same situation continues will we see all income above a safety net of say between 90 and 98 million being distributed? If so no matter what the market might rate GKP as being worth I’d say 3 or 4 x 5p dividends and another buyback per year will be a good reason to hold. The only trouble might be, and dare I say it, a pipeline agreement.

There’s one thing that’s for sure, the situation will change as it always does with GKP. Nevertheless It’s certainly more interesting than investing in a boring blue chip. ( but not for those with weak hearts )

Looking forward to spending my dividend, ( itzapity itz didn’t get any )

There’s a large number of finance linked people living and working in luxurious locations Worldwide that are being paid huge salary/ bonus packages, many of them useless twerps that gained their lucrative positions via an ‘old school network, it’s the way of the World, and we pay those salaries via our pension funds / insurance, banking , share dealing. And of course our companies financial advice. I will also dare to say that there are a large number of huge international energy companies on the lookout for senior employees that have demonstrated their ability to live and perform under difficult circumstances in extremely difficult and / or dangerous parts of the World. What might we do if a ‘major’ offers our best employees / executives far more than GKP can pay without share options. Employ a person that isn’t so good and costs us far far more?

Be careful with what we wish for.

While it’s understandable to envy those that seem to reap great rewards for little or no great effort, I totally agree, but that’s the World we live in. Therefore be careful with what we wish for. For instance, I once made the acquaintance of a person that made his city of London living as a ‘talent scout’ ( there are less polite words ) His weapon of choice being money, and his victims were the employers that lost vital staff / executives. Those that paid a heavy price in their business.