Member Info for Solarfire

For sure, sentiment has been completely shot to pieces, but if CEG can somehow attract a partner, we will almost certainly be on a new platform for positive progression.
Results from S2, if good, will also help, but we will likely see a lot of selling into the good news.
Trading Volumes are pants, suggesting most are waiting on news.
Not forgetting our other assets, but we need reinvesting cashflow for those.
Good news is needed.

Starchild, have another detailed read of the last RNS provided on 28th July. The Company reports that clean-up operations were ongoing and would be ongoing for several days; and that the testing would be done in zones. Therefore I am not surprised that we haven't had an update yet. But clearly one is due (I would estimate next week).

Agree with all that Tilburn.

It's also worth noting that the Company did not, in the last RNS, give a timeline for the necessary clean ups and zonal production testing. Operationally all seems well and if there was a disaster the company would have needed to announce it promptly.

Yes Opulentia, that's correct. (see RNS 11th June 2021).

"Continuing to progress the preparation of the Field Development Plan, including the Gas Management Plan, through engagement with the Ministry of Natural Resources and other stakeholders; we will provide updates as this work progresses."

The MNR need to approve the Field Development Plan.

4.8% Dividend Impact, reduced by stronger Brent.

Buy Backs next RNS?

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")

Shaikan Payment Update

Gulf Keystone confirms that a gross payment of $35.8 million ($28.0 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $30.7 million ($24.0 million net) for Shaikan crude oil sales during May 2021 and gross $5.1 million ($4.0 million net) in relation to the arrears from the outstanding November 2019 to February 2020 invoices.

Following receipt of the arrears payment calculated based on the KRG's proposed amendment to arrears repayment terms as announced on 13 May 2021, the current outstanding arrears balance is $54.8 million net to GKP. The Company continues to engage with the KRG on its proposal.

This announcement contains inside information for the purposes of the UK Market Abuse Regime.

At some point in time, possibly in the near future, expect the board of directors to confirm how many shares they have received in lieu cash salaries, and, notice of the reinstatement of cash salaries.

https://www.**********.co.uk/articles/andrew-duxbury-of-galliford-try-eytan-uliel-of-challenge-energy-bill-brodie-good-of-alien-metals-4f9cc46/

Hey Starchild, why don't you use the filter?

The drill bit will be turning in around 5 months. This is an exciting time for shareholders and short term news flow relating to the rig is now expected.
Upped my share holding by a further 20% this morning on expectation of new shareholders joining and a share price above 10p in the near future.

Yes Blakie, I tend to agree.
A very nice raise with a repeat pattern from yesterday.
Surely an RNS will be issued shortly.

It's hardly radio silence!
The Company stated in the last RNS that they will update the market once the drilling has been completed.

As well as an update on Saffron 2, there is a promised trading update, both to be expected by the end of June. Hopefully we will get more positivity from Saffron 2 and a clearer picture of the final costs associated with P1.

I think the BOD are already communicating very well with shareholders. A very positive update today.

A very encouraging update. GKP is a very strong investment now. GLA.

... yes, all the shareholders had better sell up.

This board is full of negative posters who aren't shareholders, so the question is, why are they posting?

Inrastrat, yes eaxctly.
Opulenta, you are right, give me a dividend (and no shares to be held in treasury). Given today's share price, I will reinvest. OK, some dividend tax to pay, but I am confident of an oil price increase from hereon. This has been my strategy for almost two years now. I fully expect to lose out in the end, but today's share price is not a low point imo. GLA holders, especially those long term.

Eytan Uliel is still CEO designate, according to the RNS this morning.
Expect an RNS (today?) confirming his new position.

GLA
PS, Starchild, good to know you have thick skin.

Very good support from the private investors, especially considering the current low share price.

All looking good for the placing to be successfully concluded tonight.

Then the drilling of Saffron 2 will commence.

Haha, eventually the one we are all waiting for will land. 11years and counting...