Member Info for Solarfire

"The best solution for each party to receive its due financial rights is to conduct a census in order to know how many residents of the Kurdistan Region and all the components of Arabs, Kurds, Turkmen, and Christians, so we can determine what the region is entitled to, according to the percentage of the population out of the total revenues of the federal government," the premier said.

Oh dear.

Everything taking ages at GKP, but why?

Bugsy911: "As previously announced, Jón Ferrier, CEO, has informed the Board of his intention to retire from the Company upon appointment of a successor and after a period of handover. The search process for a new CEO is underway."

Underway???

I believe that EME are finally going to see some SP improvement, especially noting their sound asset base in China.

I have been increasing my stake last week in anticipation of further news on Duyung, Indonesia. The Borba drill in California would, of course, be welcome news near term.

A lot to keep the EME faithful interested in their investment and with positivity too. Over to the Company now to improve the communications.

BPC Typo? Must be.

"Bahamas Petroleum Company plc ("BPC"), is a Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets in licences located in the waters of The Bahamas and Uruguay and onshore licenses in Trinidad and Suriname. BPC is currently on-track for drilling an initial exploration well in The Bahamas, Perseverance #1, in late 2020 / early 2021, with the well targeting recoverable P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. BPC's exploration licence in Uruguay is highly prospective, with a potential resource of 1 billion barrels of oil equivalent. In Trinidad, BPC has five producing fields, two appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, BPC has an onshore appraisal / development project."

* JF has effectively left the Company (on his notice period, new NED in place etc).

Thanks Invstrat;
1,000,000 for vested bonus shares, so I would imagine that a Regulatory Announcement will be required for the remaining balance at the time of cancellation. The question is, who makes that decision now that Jon has left the Company?

No future bonuses should be paid from share options until all outstanding payments are received IMO; however long that might take.

From 19th June AGM RNS

"Gulf Keystone currently has 19,059,064 common shares held in treasury. The Company has resolved to cancel all treasury shares, save for 1,000,000, which will be used to satisfy historical vested share options. The Company continues to have 210,370,502 common shares in issue with voting rights."

Anyone care to reason as to why these shares are still held in treasury?

Wed, 5th Aug 2020 17:10

RNS Number : 2802V
Bahamas Petroleum Company PLC
05 August 2020

05 August 2020

Bahamas Petroleum Company plc

("BPC" or the "Company")



Court Sanction of Merger with Columbus Energy Resources plc



Bahamas Petroleum Company plc ("BPC"), the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, is pleased to confirm that the merger with Columbus Energy Resources Plc ("Columbus"), effected by means of a Court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"), has been sanctioned by the Court earlier today ("Court Sanction"). The Scheme will become effective upon the Court Order being delivered to the Registrar of Companies, which is expected to take place on or about 7 August 2020, consistent with the expected timetable of events as set out in Columbus's Scheme Document.



Subject to the Scheme becoming effective, the new BPC ordinary shares pursuant to the merger will be issued and allotted to holders of Scheme Shares. A further announcement will be made when the Scheme has become effective.

RNS just out for CERPS that confirms the timetable.

Absolutely, I agree.
Genel flying this morning on the back of the Brent rise.
Still no director buys (from the old guard). Why?

"Has Gulf Keystone Petroleum Limited Been A Good Investment?

Gulf Keystone Petroleum Limited has generated a total shareholder return of 12% over three years, so most shareholders would be reasonably content. But they would probably prefer not to see CEO compensation far in excess of the median."

A completely different picture painted for the LTH of the shares (3-10yrs). They don't mention that lol.
I will hold all my shares until the inevitable take over. Meanwhile there are good opportunities to make money in the FTSE 100. A different approach is needed.

Check the news feed above.

sorry 8.3p

Bang on, Starchild.
Long term investor since November 2010 (4.2p) albeit sometimes holding no shares.
The Merger surprised me, but I trust the BOD to get it right.

Putup, in my experience of the Middle East (I am now in my 9th year in KSA now), the invoices match exactly what is paid. If the same applies in Iraq, then the payment certificates are agreed before payment is released.

Straycat, I couldn't have put it better.

The Leadership team has failed the shareholders, in every way.

Slingsandarrows,
2. THAT Mr Jaap Huijskes, be and is hereby re-appointed as a Director in accordance with the Bye-laws.
5. THAT Mr Jón Ferrier, be and is hereby re-appointed as a Director in accordance with the Bye-laws.
8. THAT the Directors' Remuneration Report as set out in the Annual Report for the year ended 31 December 2019 be and is hereby approved.

So very interesting developments today IMO.

Third RNS, payment received $2.1m net. Notified at time of market closure!