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Excellent news yet again from GKP.
Huge dividends incoming, (with a promise for more if payments and performance continue), Field Development Plan under review, arrears whittling down. All very good.

A lot of afters, yes. Ready for the next leg up? I would imagine that 10p is on the cards for this week, but the amount of profit taking will surely increase on the way up. We might even get the spud date confirmed this week. Getting a Duyung update before spud would be huge for us and would almost certainly create some fireworks in the SP.
Just my thoughts...

Opulentia, you're on top form today!

GLA

Why would Conrad agree to let the cat out of the bag unless the potential buyer is also in the same bag??

Timing is everything, let's see how this plays out. EME might release an RNS next?

RNS today: "In putting the Proposals to Noteholders the Company has agreed, subject to Noteholder approval of the Proposals at the Noteholder Meetings, that it will continue to actively pursue and support Conrad Asia Energy LTD, as the operator of the Duyung PSC, to pursue, the sale of the Duyung PSC asset."

This is clearest signal yet that the Companies involved are selling the Duyung asset and most probably have interested parties.

I am a little nonplused by the reaction of CORO's and EME's respective share prices this afternoon. Nevertheless, news must now be close to transformational events for both businesses. EME will probably announce something soon as well, especially considering that Conrad appear to be finalising the GSAs and actively seeking a purchaser??

Nice article ccc, thanks for sharing it.

I think the market appears to be on the same wavelength, but i do agree with Straycat's 09:50 post wherein he assesses the current risks associated with GKP.

A payment, possibly double, could be received very soon and, dare i say, a further return to shareholders in one form or another.

Presentation uploaded onto GKP website today. Interesting.
https://wp-gulfkeystone-2020.s3.eu-west-2.amazonaws.com/media/2022/02/ABGSC-EP-High-Yield-conference-28-Feb-22-vff.pdf

Yes Opulentia, you are right. In actual fact GKP is behaving more like a main listed company nowadays. All good.

GKP: "The interim dividend is expected to be paid on 25 February 2022, based on a record date of 11 February 2022. The Company will disclose the pounds sterling rate per share prior to the ex-dividend date of 10 February 2022"

So, RNS tomorrow to confirm the exchange rate.

Yes, FlyingHorse, we will get the FDP update soon enough. Yesterday there was a huge amount of trades, constantly pushing the SP up. GKP will soon pay a whopping dividend (with more to come) and with the oil price staring up at 100 dollars, the investment case is very compelling indeed. Another very happy shareholder.

Craig, absolutely right. Double figures has to be nailed on, we just need the RNS to confirm the Jade spud date (together with the completion of survey). This share can move very quickly and that is what I expect to happen very shortly (to the upside).

Not to mention the Duyung PSC project, for which news on GSAs must be close now.

Impressive performance in chasing down invoices. The relationships are very good obviously.

So sorry Mick, my thoughts are with you and your family.

Disappointing that payment for September sales is delayed (GKP words, not mine), but at least there is no cause for concern, apparently. Recovery of overdue amounts continues and I am sure the Company are pushing hard on a monthly basis to conclude these matters.

Progress in the field might have been expected to have been better. The CEO must be disappointed with that, but their Engineers will find solutions and these are hinted at within the update, e.g.electric submersible pumps vs jets pumps, and acid treatment.

Draft submission of the Field Development Plan is a positive. Reading between the lines, we might have to wait a significant time for a response and, in parallel, how this uncertainty will impact on the 2022 Capex budgets.

The Company wouldn't hint of more shareholder distributions if they weren't realistic, IMO.

The CEO seems very happy to maintain the executive team, so we have to be assured by his actions and consultations with majority shareholders.

All in all, some delays (some might say inevitable), but we should be back on track within a couple of months hopefully. I am sure the CEO is pushing his team hard now to deliver on his plans for 55k output, SH15, distributions and the like.

Very good news and now all focus is on the drilling campaign.

theoryman, exactly the same happened last year if you recall. Please refer to RNSs of 19th June, 19th June and 15th December 2020 respectfully.

Jon Ferrier resigned quickly, but strangely the Chairman survived the boot (without clear explanation).

I reckon we will get an Operational and Corporate either tomorrow or on Friday. Payment is also due, so maybe we will get 2 RNS.

RNS from GENL this morning confirming receipt of payment for oil sales. So expect GKP to receive this week.

Also GKP is due to update the market concerning the AGM re-appointment votes cast for Jaap Huijskes and Ian Weatherdon.

From 18th June RNS: "The Board notes that Resolutions 2 and 6 were duly passed but did not attain the support of 80% of shareholders who voted. As set out in provision 4 of the 2018 UK Corporate Governance Code, the Board will consult and engage with shareholders as appropriate. The Company will provide an update within six months of the AGM, in accordance with the 2018 UK Corporate Governance Code."

Q&A interview - Proactive
22 November 2021

https://www.proactiveinvestors.co.uk/companies/news/954418/coro-offers-exciting-energy-transition-opportunity-954418.html

Payment now received, RNS out.

Took a position today. News from Conrad Petroleum relating to the Duyung gas project must be close now.