Gulf Keystone Irak-Ölperle Deutschland schläft (Seite 12)

[Eulenfoerster]

Der Preis von Rohöl sinkt. Da kann man die Produktion erhöhen ohne Mehrwert. Der Kurs wird weiter fallen.

[texas2]

Antwort auf Beitrag Nr.: 58.215.218 von texas2 am 14.07.18 19:41:54

Es wurde mit den Arbeiten begonnen um in rund einem Jahr geplante 55.000 bbl/d zu fördern

http://www.gulfkeystone.com/media/119551/gkp-corporate-prese…

[WillyderErste]

Antwort auf Beitrag Nr.: 58.082.173 von Eulenfoerster am 27.06.18 20:44:56

Wie kommst du auf 20€ ??

[texas2]

Antwort auf Beitrag Nr.: 58.174.154 von texas2 am 10.07.18 07:12:51

Wenns wen im nachhinein noch einmal interessiert
https://www.aftau.org/document.doc?id=449

[texas2]

Antwort auf Beitrag Nr.: 58.108.036 von texas2 am 01.07.18 07:59:04

it is difficult or impossible to get full value for an asset or a company if it is perceived as a distressed asset sale or “fire sale”. In a competitive auction situation it might not make much difference, because the potential purchasers are fighting with each other to acquire the asset. But Oil and Gas deals are seldom done on that basis, and are instead almost always very slow negotiated sales which can take two years to complete. Even an apparently simple farm-out is a slow process, due diligence being just one essential task. And where a change of operatorship is involved, the approval of the government which issued the licence is required. In theory, such approval can in some cases be required for the sale of even one share, though this doesn’t happen. There are (low-profile) specialists who focus on this change-of-ownership angle, not surprisingly because major oilfields are strategic assets and companies seek expert advice. There has unsurprisingly been a trend towards increasing government involvement. An industry person said to me only yesterday “Running a company such as GKP really requires a schmoozer on the board. Jaap Huijskes doesn’t appear that type, his career has been operational. Who plays the schmoozer role?”. And of course the Number One rule with Oil and Gas is “never upset the host government such that the licence is put at risk”. There are certainly some rather odd people in the sector, but the O&G sector is not a typical industry. The role which was played by former GKP Chief Strategy Officer Nadhim Zahawi MP is unclear. In my opinion, the DNO “Offer” and the public manner in which it was handled by DNO and GKP was quite extraordinary. Some have suggested over the past couple of days that the $45 million incremental borrowing cap, which was placed upon GKP via the 2016-21 Notes and which had not been widely spotted, was designed to prevent the GKP board actually doing anything. Yes, Jon Ferrier said two years ago that he needed the Open Offer funds to address a hypothetical issue at Shaikan (“gassing-out”) which never in fact occurred, and he subsequently said that he was going to be doing things. But he never did them. The wells have not even, so far as we know, received any subsurface maintenance. Such maintenance requires a workover rig, and it would be absurd to do such work and not install an Electric Submersible Pump at the sane time. Some people allege that installing an ESP is a big job. But GKP used one at Shaikan-1 when restesting the Mus, as the following which was published on 11 August 2010 explicitly says: ......... Gulf Keystone Petroleum’s (LON:GKP) on-going testing of the Shaikan-1 discovery well continues to improve what is already a major oil discovery. In its re-testing of the Mus section of the Jurassic formation, the company has demonstrated a 10-fold increase in natural flow rates to 1,250bopd (barrels of oil per darrels of oil per day). The company also highlighted that, by using a low-capacity electric submersible pump (ESP) the rates increased further to 2,250bopd. "This retest of the Mus formation demonstrates that even this very low GOR zone is capable of substantial natural flow production rates when properly configured,” Gulf Keystone COO John Gerstenlauer said. “In addition, it gives us further encouragement for future development, having demonstrated significantly increased production values even with a low capacity ESP." ......... So we see that even during the restesting programme, John Gerstenlauer successfully utilised a low-capacity ESP on just one of the Jurassic zones. Yet Jon Ferrier couldn’t install one single ESP in the three years that he has been the CEO? You show me someone who says it was too expensive or GKP didn’t know how to do it, and I’ll show you a liar. So where are we now? We have the Midsummer Night’s Dream - $222 million of cash as at 21 June 2018. Hundreds of millions of dollars due, going forward, to GKP for Cost Recovery etc. Endless buying of shares by funds. Strong EBITDA. Strong monthly cashflow. Regular payments for export from the MNR. The restrictive Notes with their associated incremental borrowing cap being torn up, and replaced by an industry-standard arrangement. Investor demand to fund GKP: “The bond placement received strong investor demand, both from existing and new investors across international markets and was oversubscribed”; (that is directly from the RNS). The Shaikan field now connected to the Atrush Feeder Pipeline, with an announcement about that surely due by Friday this week as part of an AGM update. A detailed programme to go back though the 40,000 bopd level and then to 55,000 bopd. Outline plans for 75,000 bopd in the longer-term. And then toward 110,000 bopd...and wherever. A market capitalisation which is much better than it was, but which is way below the ERC Equipoise NPV (0%) $3.067 billion figure for the 2P Reserves alone (at the 58% interest level). The 2C Contingent Resources now being prominently presented by GKP. Shaikan being described by GKP as unlike other Kurdistan reservoirs. Shaikan the biggest KRG-controlled oilfield - it’s Number One. A new Shaikan Field Development Plan on the horizon. A new Shaikan Competent Person’s Report also on the horizon. The recovering oil price defying the “Lower for Longer” prophets of doom. International oil discoveries running at their lowest levels since the 1940s with almost zero reserves replacement. Should GKP be sold? In my opinion potentially “yes”, but only at a price which reflects the value of the asset. Which - as GKP have reminded us - isn’t currently 58% of Shaikan but actually 80%. The percentage is being negotiated. I find that interesting, because how could anyone make an offer for GKP when they don’t know the percentage

[texas2]

Antwort auf Beitrag Nr.: 58.082.173 von Eulenfoerster am 27.06.18 20:44:56

Zitat von Eulenfoerster: Trotz über 30% Preisanstieg beim Rohöl bekommt Gulf immer nur 18Mio. pro Monat.
Ist doch komisch!

Sehe Kurse von 20€ als realistisch bei eine Übernahme

stimmt nicht und gilt vor allem seit Feb 2018 nicht mehr guggst du seite 22 im link unten bzw.
Transparent invoicing linked to Brent and production; no more fixed payments. Discount confirmed at ca.US$22/bbl for 15 months


mMn ist die qualität der gkp präsentationen besser dh ein wenig informativer geworden

http://www.gulfkeystone.com/media/119090/corporate-presentat…

[Eulenfoerster]

Trotz über 30% Preisanstieg beim Rohöl bekommt Gulf immer nur 18Mio. pro Monat.
Ist doch komisch!

Sehe Kurse von 20€ als realistisch bei eine Übernahme

[BaronOppenSAL]

Will nur noch raus aus Ölaktien.....
Wer kauft Gulf Keystone?
10 $ je Aktie möglich????

[BaronOppenSAL]

morning, kursrücksetzer?
wahlen im irak in kürze...
vielleicht ein neuer vertrag mit gulf....
dazu bekommt gulf noch geld für februar und märz öl.....
kasse 200 mio dollar...
100 mio noch schulden...
ziel wohl 75.000 fässer pro tag zu fördern....
und jederzeit takeover möglich....
nächste woche vielleicht schon 200 pence möglich...
alles gut bei gulf.
schönes wochenende!

[Andrija]

Habe wohl den Einstieg verpasst. Habe bisher nie Aktien von GKP besessen (und das war auch gut so), jetzt sieht die Lage allerdings deutlich besser aus. Hoffe auf einen Kursrücksetzer.