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Is GKP finally on the cusp of really good news?
Budget approval imminent: Oil law will surely follow thereby helping to crank up production to 55K and beyond. Possibly attracting interest from majors as well.
Dividends / buy-backs to be announced this week. Oil now settling at circa $65.

Good luck to all.

Drifting again on low volumes.
As we have seen, the share price can climb quickly too. The reward for good news on Duyung may prove to be spectacular.

Steady as she goes. EX Dividend date 15th April.

Unbelievable swings in the Oil Price; now $64 again after a massive fall to $60.10 just only yesterday. GKP is moving with the swings.
Waiting for the results and the dividends.

"Crass / incompetent?"

Yes the BOD should learn to under-promise perhaps, but these are not UK operations. Delays do occur and timetables can invariably slip. There are many reasons why that could be the case.

I would certainly imagine that all RNS statements are made in good faith. That does not mean they are crass or incompetent.

Willec, I draw some comfort that the BOD must be confident of the Farm-out, otherwise why extend the license in The Bahamas?

Yes there was this morning the announced overspend on the P1 drilling operations, but I doubt very much that the company will future fund via a placement (as is being speculated on this message board), especially so at this low share price level.

Just maybe the company will be able to entice and attract the farm-out deal to include an involvement in the Uruguay asset?
We have a lot of assets now and the farm-out is key to a very much more positive outlook, IMO. Easy hold for me, furthermore, I will add at the farm out announcement.

30% rise in one trading day, OMG.

Tiburn, I concur with your views on BPC and would like to buy you a beer, wine, water, or whatever, if you ever you are to set foot in Madrid.

I wish I had your penned determination for the argument, but for sure I am equally optimistic.

Let's see what the next company update brings. It will be an important one. Good luck.

Jón Ferrier, said on 13th January: "We look forward to updating guidance once conditions allow resumption of the 55,000 bopd expansion."

Jon Harris, said on 16th February: "As conditions continue to improve, we look forward to resuming the 55,000 bopd expansion project and shareholder distributions."

So, Brent crude steady rise, box ticked. Regular payments, slight delay this month, but for all Kurdistan Operators.

So when will they announce the definitive update on the 55k bond work program? Is, as FlyingHorse1 suspects, the debt repayment plan agreement a factor for the BOD? I would have to agree and say yes.

Agreed Findme, many wells to be drilled this year and there is a financial plan. I have been a shareholder since November 2010 and I was against the merger. I was wrong about that clearly. New news updates within the next couple of weeks IMO.

Tilburn, you have made a lot of decent posts during this last week or so. Despite the severe disappointment of the P1 result, it is true to say that there is cause for optimism moving forward. The last RNS of 16th February details a lot and it's worth re-reading a few times to realise that we aren't toast yet. A lot of drilling activity planned this year and beyond. BPC has always been a high risk share to hold, more-so leading up to the drill. It will continue to be that way through the coming months, but since I am still holding all my shares, I am intending to go along with the management and hold. GLA genuine holders.

Nobbie, why are you posting here?
Simple question, right?

I wonder how many more they target?

Remind me of the name of the new CEO.

(Just kidding!)

Nearly 2 months since my last post. Nothing from the BOD.
Volume has dropped right off, especially last week.
This is a share that tests patience, but I am holding on the basis that the CEO will give meaningful updates when the sale negotiations for the Duyung asset are complete. If we get some positive news the SP will, based on previous movements, rise significantly. Then the BOD will need to keep the news flow coming otherwise the drop will inevitably follow.
GLA holders.

FlyingHorse! For sure the new CEO will say hello. (I hope!)

RR. recovery will inevitably come . Many other FTSE100 companies have shown recent good recoveries. For an example, look at the 12 month chart for Intercontinental Hotels; they are back at a 1 year high now. House builders are recovering and even Wetherspoons.
RR. are a great company and I can't see the SP going significantly dropping further. Good luck to all shareholders.

Bones15, good post.
As per the Operational update on 7th January, the 45 to 60 days work programme includes the drilling evaluation. Therefore assuming there have been no delays, we should expect an RNS sometime around 18th February. I can wait.
One month is a long period for drilling, therefore I wouldn't be surprised if there have been some operational delays since the last update. Patience required. GLA.

This has been a very long hold for me. Not buying any more (and I am not selling), no matter what the price, but would consider further purchases only once dividends are reintroduced. Bigger investment houses will also want to see dividends, so I suspect that later this year they will be re-instated.