Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hello *Bull
My point is that a genuine GKP Investor would be aware that GKP left AIM a number of years ago and would have taken the time to familiarise himself with Bermuda Reg. I am not a Corporate Law expert so I desist from commenting on things I do not understand fully. Perhaps you should consider the same ?
Posting irrelevant information does not help anyone.
IMO
I think you need to change your moniker to "ALLBULL" Just a suggestion based on the following.
No 1 we are not on aim
No 2 stakebuilding in Bermuda reg companies is allowed
No 3 the co complies voluntarily
No 4 of the 41%outside top 10 some will be on small funds,some in small retail broker nominees
No 5 but not such a HUGE chunk
From ADVFN
Oil sector revival has producers eyeing boom times
Rebound shows that the coronavirus pandemic has not weaned the world off fossil fuels
A crude oil pump jack in the Permian Basin in Loving County, Texas. Dislodging oil from the economy may be harder and take longer than many people hoped © REUTERS
March 13, 2021 5:00 am by Derek Brower , US energy editor
If you thought coronavirus had hobbled the oil industry for good, think again. Just a year after a Saudi-Russian price war and the coronavirus pandemic triggered the worst oil crash in decades, a stunning reversal is under way.
It calls to mind the bumper sticker said to adorn half-tons from Texas to Alberta: “Please God, give me one more oil boom, I promise not to **** it all away next time.”
The moment when that pledge is tested suddenly seems closer than anyone expected six months ago. Crude prices, demand, sector equities, and the mood in the oil patch are all rising.
Well said and a view held by all genuine LT investors. ( That rules out most on her currently incidentally) .
Ask the question why would any TROLL spend up to a decade trying to convince us all that GKP is worth only a few £'s ? All the time and effort involved in knocking back +ve posts and posters ?
You dont need to be Albert Einstein to figure that one out.
GLA
The new Oil supercycle as forecast by Goldman Sachs ~ 2 years ago. Insiders ( such as Warren Buffet) have been buying into the O&G Sector for the past 18 months. This is the way the Industry works - boom to bust - repeat. We are heading for the last OIl boom. One of the reasons GKP shares are in such demand.
IMO
IMO
So to summarise:-
GKP will NOT lose the PSC at the end of the current term.
It will be rolled over for at least 5 years , with a further 5 year option at the end of that. Typical practice.
Assuming of course that that they still own the PSC at the end of this term.
A situation I personally consider extremely improbable.
IMO
So just a quick Summary .
(1) GKP will NOT lose the PSC at the end of the current term.
(2) It WILL be rolled over for at least 5 years and with an option of (at least) a further 5 years. when that expires.
Assuming of course that they still hold the PSC at the end of the current term.
Extremely Improbable IMO.
Of course they are , and there is International Guidance for compiling O&G Contracts and they usually all follow the same format. They also contain penalty clauses for non compliance issues /financial penalties that GKP COULD enforce if they so wished. Again enforcable under International Law.
Just a quick word on PSC's.
They do not typically end when the initial time period is reached, otherwise no on would agree to them ( for obvious reasons) . What usually happens is one of the following. (a) The PSC is renegotiated for the same time period as the original ( unusual ) (2 ) It is renegotiated for a fixed term(s) . Typically 5 or even 10 years chunks . It is also worth noting that a PSC is a Contract and as such has the same Legal obligations as I described in my first paragraph.
IMO
BB POST 579321 of 579339 - ADVFN
I have never, ever claimed to be an "Expert" - not on ESP, not on turbines, not on geo-physical or -petroleum areas. Never.
I do have very specialist knowledge of several areas of technology, none of which I believe you even have an inkling of and all in the design & application of specialist engineering equipment not in the O&G industry.
I have always stayed clear of people who claim to be "experts", as they are generally anything but - except of course in their conceit and self-regard. Those who know me can confirm that I am anything but conceited or self-regarding - perhaps how I formulate my arguments, my grammar or whatever gets up some noses?
Re my support for Oilman and bigdog (Ren no longer posts so unfortunately I can no longer support his particular arguments), as I have said before, both of these gentlemen have been attacked and vilified to an extraordinary degree - Oilman and his wife were targeted to an extraordinary extent. I am happy to confirm my continued support for these 2 chaps - especially when they continue to point out your (generic use) failings.
What on earth do you expect on a BB where, for years and thousands of posts, nonsensical spam about "the barrels", "it's the Chinese", "it's the institutions robbing us", etc., etc., seem to rule? Anyone who challenges this nonsense deserves to be supported - and if their challenges are sometimes quite barbed and provocative, why are you surprised?
-=====================================================================================
All you need to know .
PRC =PEOPLES REPUBLIC OF CHINA
They give the game away every time.
LOL
Hello again CC Its the BBoards are a game so for FGS stop taking them , and yourself so seriously.
Then do some studying.
The SP is not a reflection of what the asset is worth. The oil in the ground is how we value GKP.
Blackrock would NOT use GKP shares to trade the Oil Price they would use Oil Futures or ETF's like any other professional and they are an Investment Company- go and check the website..
Its quite normal for small resource companies such as GKP to operate between 10-15 years before they are sold.
Unlike your good self I have been trading /investing in the markets for over 30 years now and to me a bulletin board is light entertainment and I di0not ever take them even remotely seriously.
IMO
Hello CCC we all know whose side you are on. LOL
So tell me , why do Blackrock own so many CNPC AND GKP shares ?
Oh I remember Broadfraud told me .......they are TRADING them !!
Its nothing to do with GKP being one of the cheapest TO targets on the planet and the Chinese been studying GKP and Shaikan for years.
LOL
Sounds to me like Blackrock are collecting shares for a client . Hence the in and out of 5%. They also bought 1.25 million more in the past 2 weeks.
Broadfraud is a well known troll only doing his job. Killing all +ve posts. He has been kicked off ADVFN by expert posters so he , and his various avatars, are now on here full time.
Thats not the way it works. Blackrock are buying GKP because of the Investment case.
Its financially sound , increasing production , creating cash and an obvious TO target .
So whats the risk ?
As many as the "mug" PI's, who believe trolls , will sell them.
LOL
Indeed , Blackrock obviously arent listening to the many so called "experts" on here and just keep hoovering up all these dud GKP shares.
LOL
Interesting post kaaren and a very good incentive for the Kurds to ramp up production as soon as. With Shaikan being one of the obvious targets. Add that to the post from CCC and it seems pretty obvious what they need to do.
Get inward investment from suitable partners from the global oil community.
IMO
Bloomberg markets
The eventual end of the coronavirus pandemic is likely to herald a consumption boom, piling pressure on precarious supply chains and boosting raw material prices, according to the Merchant Commodity Fund.
“There’s a huge amount of pent-up demand in the consumer pocket,” said Doug King, head of the RCMA Capital-managed fund, which has assets of $170 million and returned 19.4% last year. “You could see a real surge in the market across all aspects of travel and consumption. I quite like the backdrop.”
Easy.
Offshore oil North Sea costs ~ $35 a bbl to produce.
Onshore Oil / GKP Kurdistan ~ $2 - 4 a bbl to produce and the applicable regulations are much less , reducing overall costs even more. = larger profit even allowing for the PSC
I could never really get my head round how they were behaving . Too busy fighting old religious feuds to see what was good for them both or recognise that the only asset they have was going to seriously devalue in a decade or less. They need to wake up and smell the coffee - like yesterday. For both their sakes.
IMO