Gulf Keystone Irak-Ölperle Deutschland schläft (Seite 26)

[texas2]

Antwort auf Beitrag Nr.: 49.422.527 von texas2 am 25.03.15 19:59:33

Diese guaranteed notes bleiben für mich rätselhaft:


Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone" or "the Company")



Extension of Early Consent Time and Expiration

US$250 million 13.0 per cent. Guaranteed Notes due 2017
(Regulation S Notes: ISIN XS1056559245 / Common Code 105655924;
Rule 144A Notes: ISIN XS1056559088 / Common Code: 105655908)
(the "Notes")



Further to the Company's RNS of 12 March 2015, Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, today announces that it has extended the Early Consent Time and Expiration Date for the consent solicitation in respect of the Notes announced on 12 March 2015 (the "Consent Solicitation"), and amended the Expiration Time. The Early Consent Time has been extended to 3.00 p.m. London time on 2 April 2015, the Expiration Date has been extended to 2 April 2015 and the Expiration Time has been amended to 3.00 p.m. London time. The Early Consent Time is therefore extended to 3.00 p.m. London time on 2 April 2015 and the Expiration Time is extended to 3.00 p.m. London time on 2 April 2015. The other terms and conditions of the Consent Solicitation remain unchanged.

Holders who wish to receive the Early Consent Fee must validly deliver a Consent prior to the Early Consent Time. Holders who deliver their electronic voting instructions after the Expiration Time on the Expiration Date will not be eligible to receive a Consent Fee and will not be entitled to arrange for the appointment of the Information and Tabulation Agent or any other person as proxy to attend and vote at the Meeting.

The complete terms and conditions of the Consent Solicitation are described in the Consent Solicitation Memorandum dated 12 March 2015 issued by the Company, as supplemented by the Supplements dated 24 March 2015 and 30 March 2015 (together, the "Consent Solicitation Memorandum"), copies of which may be obtained by contacting D.F. King Limited, the information and tabulation agent for the Consent Solicitation, as set out below. Additional information concerning the Consent Solicitation may be obtained by contacting the solicitation agents.

Capitalised terms have the meanings assigned to them elsewhere in this release or in the Consent Solicitation Memorandum, as applicable.

This RNS is for informational purposes only, and the Consent Solicitation is being made only pursuant to terms of the Consent Solicitation Memorandum. The Consent Solicitation is not being made to, and Consents are not being solicited from, holders of Notes in any jurisdiction in which it is unlawful to make such solicitation or grant such Consent. None of the Company, the guarantor of the Notes, the solicitation agents, the information and tabulation agent or the trustee under the trust deed constituting the Notes makes any recommendation as to whether or not holders of Notes should deliver any Consents. Each holder of Notes must make its own decision as to whether or not to deliver a Consent.

[texas2]

Antwort auf Beitrag Nr.: 49.413.812 von texas2 am 25.03.15 00:01:50

24 March 2015

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


Extension of Early Consent Time

US$250 million 13.0 per cent. Guaranteed Notes due 2017
(Regulation S Notes: ISIN XS1056559245 / Common Code 105655924;
Rule 144A Notes: ISIN XS1056559088 / Common Code: 105655908)
(the "Notes")


Further to the Company's RNS of 12 March 2015, Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, today announces that it has extended the Early Consent Time for the consent solicitation in respect of the Notes announced on 12 March 2015 (the "Consent Solicitation"). The Early Consent Time has been extended to 5.00 p.m. London time on 1 April 2015. The other terms and conditions of the Consent Solicitation remain unchanged.

Holders who wish to receive the Early Consent Fee must validly deliver a Consent prior to the Early Consent Time.

The complete terms and conditions of the Consent Solicitation are described in the Consent Solicitation Memorandum dated 12 March 2015 issued by the Company, as supplemented by the Supplement dated 24 March 2015 (together, the "Consent Solicitation Memorandum"), copies of which may be obtained by contacting D.F. King Limited, the information and tabulation agent for the Consent Solicitation, as set out below. Additional information concerning the Consent Solicitation may be obtained by contacting the solicitation agents.

Capitalised terms have the meanings assigned to them elsewhere in this release or in the Consent Solicitation Memorandum, as applicable.

This RNS is for informational purposes only, and the Consent Solicitation is being made only pursuant to terms of the Consent Solicitation Memorandum. The Consent Solicitation is not being made to, and Consents are not being solicited from, holders of Notes in any jurisdiction in which it is unlawful to make such solicitation or grant such Consent. None of the Company, the guarantor of the Notes, the solicitation agents, the information and tabulation agent or the trustee under the trust deed constituting the Notes makes any recommendation as to whether or not holders of Notes should deliver any Consents. Each holder of Notes must make its own decision as to whether or not to deliver a Consent.

Further Information

A complete description of the terms and conditions of the Consent Solicitation is set out in the Consent Solicitation Memorandum. Further details about the transaction can be obtained from:

The Solicitation Agents

Deutsche Bank AG, London Branch
Tel: [phone]
Tel: [phone]
Email: [e-mail]
Perella Weinberg Partners UK LLP
Tanguy Riviere
Tel: [phone]
Email: [e-mail]

Yue Zhou
Tel: [phone]
Email: [e-mail]

Requests for assistance in completing and delivering the electronic voting instructions or requests for copies of the Consent Solicitation Memorandum and other related documents should be directed to the Information and Tabulation Agent:

Information and Tabulation Agent

D.F. King Limited
85 Gresham Street
London EC2V 7NQ
United Kingdom
Tel: [phone]
Email: [e-mail]



---------------------------------------------

Gulf Keystone bondholders need more time
By Lee Wild | Tue, 24th March 2015 - 10:47
Share this
Gulf Keystone bondholders need more time Less than a fortnight after setting out a plan to tidy up its finances, Gulf Keystone (GKP) has had to give bondholders more time to decide whether to back the deal or not. There is no explanation given by the struggling oil company, but having to extend a deadline to qualify for incentives does imply that the number of potential backers unwilling to sign is significant enough.
Gulf, which operates the Shaikan field in the Kurdistan region of Iraq, said on 12 March it wanted to amend the trust deed constituting the $250 million 13% Guaranteed Notes due 2017. Currently, it must offer to buy back the notes at 101% plus interest at the end of September.

Instead, Gulf offered noteholders who agreed to the changes by 5pm on 23 March $5 in cash for each $1,000 in principal amount of the notes outstanding. Those who consent by 1 April, the expiration date, get $1.50 for each $1,000.

Now, management has extended the so-called "Early Consent Time" to 5pm on 1 April.



There is no further detail, although we were told earlier this month that Gulf had "confidentially discussed the consent solicitation with a number of significant noteholders, and, based on the noteholders' responses during those discussions, expects them to be supportive." We'll see.

A meeting will be held in London on 7 April to either pass or reject the Extraordinary Resolution.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

[texas2]

Antwort auf Beitrag Nr.: 49.385.960 von texas2 am 20.03.15 19:36:02

Gulf Keystone Petroleum (LSE: GKP) officially put itself up for sale last month, revealing that it was in talks with a number of unnamed parties.
Two investment banks, Deutsche Bank and Perella Weinberg, were hired to advise the company on its options.
However, as of yet no offers have emerged for the company and it seems that, for the time being at least, that Gulf Keystone is planning a future alone.
A future alone
Reports now suggest that Gulf Keystone could reveal a rights issue as early as this week, as the company tries to get to grips with its £384m debt pile. City analysts believe that the company will ask shareholders for £30m -- around $44m -- from a rights issue, which should help bolster cash balances.
In addition to the rights issue, the company has already asked its bondholders to approve a proposal to change the details of the Trust Deed governing some of its debt. This proposal is related to the group's $250m, 13% guaranteed notes due 2017, which the company is required to repay in full if its ratio of book equity to total assets falls below the key level of 0.4.
It's expected that due to the writedown of some asset values, Gulf Keystone's ratio of book equity to total assets will fall below the key threshold of 0.4 within the next month.
Gulf Keystone's management originally stated that the company had received confirmation from multiple bondholders that they were willing to change the rules governing the notes. However, since this statement was issued, the deadline for the restructuring has been extended. This could be an indication that the bondholders' stance has hardened.
Analysts believe that Gulf Keystone's cash balance is around $90m, so clearly it cannot afford to repay the $250m notes any time soon. And, according to analysts, changes to the conditions attached to the bonds will also make the company more appealing to potential buyers.
Restarting production
Gulf Keystone also recently restarted oil production at its Shaikan oil field after receiving a one-off payment of $26m from an unnamed party. But the company is yet to receive a firm commitment from the Kurdistan government regarding regular payments for oil exports. Until such time as Gulf Keystone receives a commitment for regular payments, the company is going to struggle.
That said, it seems as if the company has the support of both bondholders and shareholders. So Gulf Keystone is not on the rocks just yet. The group has the support of key stakeholders who appear willing to help the company through its troubles.
Far from clear
Unfortunately, as Gulf Keystone tries to work its way out of a sticky situation, the company's future is far from clear.
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Rupert Hargreaves has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

[ElfenbeinelaufenschnellermitKo]

Angst vor ISIS

[texas2]

Antwort auf Beitrag Nr.: 49.378.646 von Eulenfoerster am 20.03.15 01:15:38

Moin

kann mir hier jemand die Rolle der Bond Holder erklären?

Bisher habe ich Geologie, Lagerstätte, Förderkosten Markt etc recherchiert. Hier stehen aus meiner Sicht alle Lichter auf grün. Außer vielleicht das politische Risiko, wenn man nicht an die neu gewonnene Stärke der Kurden glaubt. Oder befürchtet, dass der Ölpreis abstürzt. Hier hätte ich weniger Befürchtungen, weil Kurdistan bei diesen Lagerstätten mit den Förderkosten der Saudis lange wird mithalten können.

[Eulenfoerster]

Antwort auf Beitrag Nr.: 49.361.531 von BaronOppenSAL am 18.03.15 13:59:26

Warum fällt der Kurs bei diesen guten Nachrichten ???

Hinzu kommt, dass man ja bereits öffentlich bekannt gegeben hat, dass man bereit ist, Ölfelder zu veräussern oder eine Übernahme nicht abgeneigt ist. Hier ist ein vielfaches an Potenzial drin. Mir unbegreiflich warum der Kurs fällt und fällt.

Der Ölpreis kann nicht schuld alleine sein.

[BaronOppenSAL]

Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, today announces that it has resumed production and truck loading operations at both its production facilities (PF-1 and -2), in line with the pre-payment of US$ 26 million gross (US$20.8 million net to Gulf Keystone) received for future Shaikan crude oil sales on 25 February. Gulf Keystone will now ramp up production to levels consistent with the installed capacity of 40,000 barrels of oil per day. The Company anticipates that a further payment of a similar nature will be received, which is expected to stabilise a payment cycle for current and future Shaikan production.

Shaikan-10, the Company's first development well and ninth producer, has demonstrated excellent productivity from the limited flow data gained to date. Drilled from the same surface location as Shaikan-10, but 2km away subsurface, Shaikan-11, an additional production well has now been completed. Shaikan-11, which will provide PF-2 with additional production capacity, was drilled nine days ahead of time and under budget. The losses observed during drilling point to Shaikan-11 being a potentially prolific producer. Furthermore, Shaikan-8 is now fully connected and able to produce into PF-1.

Commenting on today's news, John Gerstenlauer, Chief Executive Officer of Gulf Keystone, said:



"We are pleased to have resumed production and truck loading operations at Shaikan. Over recent weeks we have maintained a flexible and prudent approach, ensuring that we can maximise revenues from Shaikan. We remain confident of a regular payment cycle for Shaikan crude being established in the near term.



"From an operational perspective, Shaikan is performing well and we are encouraged by the initial results from Shaikan-10 and the recently completed Shaikan-11 we

[BaronOppenSAL]

26 February 2015



Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone" or "the Company")

Payment Confirmation

Further to the Company's RNS of 25 February 2015, Gulf Keystone confirms receipt into its bank account of a further US$26 million gross payment (US$20.8 million net to Gulf Keystone) constituting a pre-payment from a third party buyer for future Shaikan crude oil sales.

[Eulenfoerster]

Antwort auf Beitrag Nr.: 49.209.830 von BaronOppenSAL am 01.03.15 17:46:58

Welche 20 Mio. ?
Eine Übernahme für 3 Pounds wäre ja absolut lächerlich.
Oil in Ground wird in dere Regel mit 5-6 $ pro Barrel bewertet. Gut, Ölpreis ist gesunken, ist aber eine Momentaufnahme. Das würde ein realistischen Wert von 45Mrd.$ bedeuten bei 9 Mrd. Barrel nachgewiesenen Resourcen.

Auch klat, das dies nicht zu erwarten sind.

[BaronOppenSAL]

und malcy schwatzt was von 3 pounds takeover....
auf eine spannende woche.....