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Only filled 100k
10p
247000
My order getting filled
Filling an order mate
20p I see on Trump taking office in January I am a buyer at the moment it's going to concolidate hear for a bit then the next leg up that will be the 3 rd leg of total 5 legs keeping in mind it's got long legs Bec shortage of stock .
It's a USA I buyer I think who is buying heavy
https://www.google.co.uk/amp/s/www.rt.com/document/584945eac36188f1598b45d2/amp?client=safari
https://www.google.co.uk/amp/s/www.theatlantic.com/amp/article/509945/?client=safari
On an EV/2P comparable basis, Genel’s core reserves are valued (at the current stock price) around $2/bbl and GKP at approx 60c/bbl. GPX hold just under 81.7m barrels of equivalent (excluding the gas reserves of 33.4 bcf) what will be most likely reclassified as 2P reserves in their main fields at Block 26. If we take a simple average of GENL & GKP’s EV/2P values of $1.30c/bbl and apply this to GPX we derive a value of $117m which, at the current FX rate of $1.26 = 16.2p per share (we make the point that we see GKP & GENL as materially undervalued at these levels however). This does not take into account GPX’s interests in Morrocco, Tunisia and Colombia though (to which we currently ascribe nominal value) but more importantly there is no value in this figure for back payments due from their partner in Block 26 – Sinochem that has been estimated at several tens of millions of dollars. In the second method, the company’s reserves were valued at just under half a billion dollars before the sanctions by various analysts. Further upside was seen on a “risked” basis in the company’s Syrian exploration assets. However, the oil price began with a 1 and had 2 digits after it. We take a rough and ready approach and halve thus figure and apply a further 50% “political” discount in the aftermath of the war to arrive at a realist figure of @ $125m for the reserves ion Block 26 and which equates to approx 19p per share. Again, however there is no value attributable to the back payments they have been unable to receive due to the sanctions when the fields were operating via their partners Sinochem and the Syrian GPC. We also note that in looking back at the company’s results between 2009 & 2011 where most of the revenues came from Block (26) that net profits of between $28m and $55m were produced. At the current oil price we estimate (as best we can) that if the field production was pushed back upto 10k bopd that net profits of approx $30m p.a. would be made. Even applying a lowly 6 times multiple to this would result in a stock price approaching 30p per share ex the reserves (risked and unrisked) values. To conclude, if, like us, you see the writing on the wall re the end of the Syrian war, the stock price continues to offer potential multi-bag upside under almost all production scenarios and we see base value between 20 and 30p per share. www.alignresearch.co.uk/gulfsands-petroleum/gulfsands-petroleum-establishing-fair-value-in-a-post-syrian-conflict-environment
Gulfsands Petroleum – establishing fair value in a post Syrian conflict environment December 8, 2016 | Posted by admin By Richard Jennings, CFA We initially covered Syrian focused Gulfsands Petroleum (GPX.l) at the beginning of this year, highlighting the embedded value in the company’s Key Block 26 field in the North East of Syria. At a price then of just under 3p we believed the stock to be materially undervalued should the tragic and devastating civil war that has dogged Syria for nearly 8 years now, finally see an end. Not even we could have envisaged the geo-political backdrop however that allowed the Assad regime to regain the upper hand and, in recent days, almost recapture the key city of Aleppo and which will be in all probability the turning point in the war. The catalysts behind these events were the involvement of Russia in aerial bombardments of the rebels and (at the turn of the year – highly improbable) prospect of a Trump presidency. Fast forward to December 2016 and it looks ever more likely that the war will come to an end in the final closing days of this year and that there will be renewed diplomatic efforts for a lasting peace and which will, in all probability, leave Assad in office. For GPX holders then the question is what will be fair value for the stock in the event of Block 26 pumping again? We attempt to establish this here via two methods – comparisons on an EV/2P basis to its regional peers Genel Energy and Gulf Keystone Petroleum and in the second approach by taking the pre-war value and applying an appropriate discount. By way of background, the company has represented that the Block 26 fields are ready for pumping at just weeks’ notice and remain in good condition, and so unlike many other small cap E&P plays, cash flows to the company will accrue very quickly in the event of their operation again. Through the involvement of financier Richard Griffiths and Russian oil veteran Michael Kroupeev via his Waterford company, the debt legacy of the old management has been nullified through their taking on of the convertible loan that GPX owed Awarak International and then financing an issue of Ord shares to repay this. Net effect of this was to give them effective control of the company and there have been further management changes this year with Alistair Beardsall – a long time lieutenant of Kroupeev departing midsummer and John Bell taking the reins. Following a further modest fund raising in August of £1.5m, together with Syrian tycoon Ayman Asfari (via his ME Investments vehicle) who purchased stock at 5p earlier in 2016, the trio now hold 82.76% of the company. The free float, adjusted for the institutions on the list is thus very small and which is evident in the sharp price movements seen in recent days and also back in March of this year. On an EV/2P comparable basis, Genel’s core reserves are valued (at the current stock price) around $2/bbl and
Gulfsands Petroleum – establishing fair value in a post Syrian conflict environment December 8, 2016 | Posted by admin By Richard Jennings, CFA We initially covered Syrian focused Gulfsands Petroleum (GPX.l) at the beginning of this year, highlighting the embedded value in the company’s Key Block 26 field in the North East of Syria. At a price then of just under 3p we believed the stock to be materially undervalued should the tragic and devastating civil war that has dogged Syria for nearly 8 years now, finally see an end. Not even we could have envisaged the geo-political backdrop however that allowed the Assad regime to regain the upper hand and, in recent days, almost recapture the key city of Aleppo and which will be in all probability the turning point in the war. The catalysts behind these events were the involvement of Russia in aerial bombardments of the rebels and (at the turn of the year – highly improbable) prospect of a Trump presidency. Fast forward to December 2016 and it looks ever more likely that the war will come to an end in the final closing days of this year and that there will be renewed diplomatic efforts for a lasting peace and which will, in all probability, leave Assad in office. For GPX holders then the question is what will be fair value for the stock in the event of Block 26 pumping again? We attempt to establish this here via two methods – comparisons on an EV/2P basis to its regional peers Genel Energy and Gulf Keystone Petroleum and in the second approach by taking the pre-war value and applying an appropriate discount. By way of background, the company has represented that the Block 26 fields are ready for pumping at just weeks’ notice and remain in good condition, and so unlike many other small cap E&P plays, cash flows to the company will accrue very quickly in the event of their operation again. Through the involvement of financier Richard Griffiths and Russian oil veteran Michael Kroupeev via his Waterford company, the debt legacy of the old management has been nullified through their taking on of the convertible loan that GPX owed Awarak International and then financing an issue of Ord shares to repay this. Net effect of this was to give them effective control of the company and there have been further management changes this year with Alistair Beardsall – a long time lieutenant of Kroupeev departing midsummer and John Bell taking the reins. Following a further modest fund raising in August of £1.5m, together with Syrian tycoon Ayman Asfari (via his ME Investments vehicle) who purchased stock at 5p earlier in 2016, the trio now hold 82.76% of the company. The free float, adjusted for the institutions on the list is thus very small and which is evident in the sharp price movements seen in recent days and also back in March of this year. On an EV/2P comparable basis, Genel’s core reserves are valued (at the current stock price) around $2/bbl and GK
"Syrian civil war is over; U.S. should reach out to Russia" http://www.b92.net/eng/news/world.php?yyyy=2016&mm=12&dd=07&nav_id=99891 The market will catch up with developments in Syria & GPX.
Thank you mate been in and out of Gpx for 12 years now I was arround before block 26 this stock has been very kind me good luck mate
Technical Updates for Gulfsands Petroleum PLC (GPX.L) December 7, 2016 Herald Staff Shares of Gulfsands Petroleum PLC (GPX.L) have been receiving increased attention recently. Checking the levels, Gulfsands Petroleum PLC (GPX.L) has a 14-day Commodity Channel Index (CCI) of 30.82. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory. CCI may also be used to help discover divergences that may signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may provide an oversold signal. Tracking other technical indicators, the 14-day RSI is presently standing at 61.85, the 7-day sits at 56.59, and the 3-day is resting at 34.85. The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day. Using the 14-day RSI, if a stock price rose for 14 straight days, the value would be 100. If the stock fell for 14 straight days, the RSI value would be 0. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 5.63. Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Gulfsands Petroleum PLC (GPX.L) is currently at 50.66. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Gulfsands Petroleum PLC (GPX.L)’s Williams %R presently stands at -64.48. The Williams %R oscillates in a range from 0 to -100. A reading between 0
Easy to sell but not going to get back in it's going to hard to buy back looking for a low price I hold 6 months to get full value I think this is a good investment dyor
Long way go it's rerating Emerald Energy PLC was sold for GBP532.1 on block 26 Syria we own 50% also GPX is worth same or more when EEL was taken over block 26 was only producing 16500 bopd and when production was closed down 33,000 bopd and at the moment we have been producing I think 49000 bopd please check the accounts for this information I think we are owed a few 100 million on account . https://www.google.co.uk/amp/s/www.rt.com/document/58451e7ac4618858478b4580/amp?client=safari Please every one read and you will see what is really goin on this is big
£4.59 a share it was
Long way go it's rerating Emerald Energy PLC was sold for GBP532.1 on block 26 Syria we own 50% also GPX is worth same or more when EEL was taken over block 26 was only producing 16500 bopd and when production was closed down 33,000 bopd