Member Info for Wiseman72

Seems pretty positive to me, a few bad apples leaving, spur announced and healthy balance sheet. As expected guidance for 2018 without investment at lower end but good performance during 2017. Looks like things are moving fast for us now GLA

Great news today especially when you consider we will receive anothe 12m for Sept anytime soon. Then the revised invoice total based on the new agreement released today it�s looking very healthy financially. Are things finally turning positive for us? Let�s see what appears over the coming weeks as too many false dawns to get overly excited but at least it�s more encouraging news :) GLALTH

My thoughts are below: - the field continues to produce despite the BoD pushing shareholders into a corner with the restructure and capital raise. - pretty much everywhere you look the view is that the field will continue to produce for 100 years - generally performance will drop in winter months and is also inline with forecasts - we have approx 160m cash in the bank - we are about 5 months behind on payments - still have backpayments and buy in payments from MNR So in a financially healthy position the thing dragging us down is lack of confidence in both Kurdistan and Iraqi politics along with a lack of trust in the BoD. One would hope this will eventually clear a new PSC can be agreed and we can get somewhere near a fair valuation which is multiples of today�s price.

http://www.dailymail.co.uk/news/article-5209427/MP-quit-350-000-time-role-oil-firm.html#ixzz52A2BSgLX

Well guys it’s been a disappointing year for GKP despite a lot of positives for the company: - still pumping consistently around 35kbopd - still getting paid 15m/mth - increasing cash holding (must be around £160m) - still owed around another £100m back costs - still owed payments from September But hey onwards and upwards like a lot nursing a heavy paper loss, let’s hope we can all switch off a bit and enjoy Christmas with our loved ones. Good luck all long termers.

GKP continues to be played unfortunately, like you Surreyscot I continue to lower average when possible. There has always been something that has held us back; oil price, Isis, legal action, debt the list goes on and on Yet despite all this and the sheer incompetence of our elusive BoD we continue to pump 30k plus barrels a day and the very conservative CPR isn’t declining....let’s hope at some point the greed of others will eventually benefit the few that continue to hold. GL long term holders

https://uk.reuters.com/article/us-opec-meeting/opec-russia-agree-oil-cut-extension-to-end-of-2018-idUKKBN1DU0WW