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Gulf Keystone latest RNS
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26-11-2009 4:32pm#1
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They did well today considering the whole market did terrible. Imagine having got in on these when they were 12p.
By the way if any of you want live shareprices instead of the usual 15 minute delayed ones check www.shareprice.co.uk its free and all you have to do is register.
Would love to find the next GKP. MTA potentially could be very good. If I had funds id get in on them.
See my old post
#2
http://www.boards.ie/vbulletin/showthread.php?t=2055686588
Im still holding 20305 shares in GKP. Its a fantastic looking company for 2010. Also a serious takeover target.
Also i wouldnt believe all the rubbish about an RNS today. The DGA final report will not be ready for another week or two IMO. HOLD0 -
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Noticed your in Petroceltic. Im in these too at 17.3p and they did shockingly bad today. Think they might retrace further but hopefully by April next year im expecting them to be 30p and over. What are your thoughts on them?
Yeah I bought in at 13 cents
I think its a good solid company and undervalued considering the massive gas find earlier this year.
Heres the thread
http://www.boards.ie/vbulletin/showthread.php?t=20556896890 -
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As above 20305. I held over 50k at one stage but I topped sliced at 90p and 112p during the last big peak. Holding these now for a few year to reap the rewards.
I will probably live to regret the top slice but I don't mind.
Video added GKP CEO talks on CNN about their potential 10-15 BBL Find
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A lot of the info on this thread has come from iii chatrooms.
What information are you talking about? :rolleyes:
The RNS ?
I dont think iii chat rooms are responsible for the RNS. Obviously you dont know what an RNS is
I'll explain it, its a Regulatory News Service
The London Stock Exchanges service that ensures that price sensitive information from listed companies, and certain other bodies, is disseminated to all RNS subscribers at the same time.
CNN Video?
Did'nt realise iii chatrooms took over CNN
Really stressed that was an embarrassing post.
Smcgie, I'd ignore him.0 -
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30 November 2009
Gulf Keystone Petroleum Ltd.
("Gulf Keystone" or "the Company")
Director Purchase of Shares
Gulf Keystone Petroleum Limited (AIM: GKP) announces that on the 27th November 2009 Jeremy Asher, a non-executive director of the Company, purchased 2,000,000 common shares in the Company ("Common Shares") (representing approximately 0.41% of the issued share capital) at an average price of 94p per share, through Agile Energy Limited ("Agile Energy").
Agile Energy is a Channel Islands company owned by the Asher Family Trust, of which Jeremy Asher is the settler and lifetime beneficiary.
Following the purchase, Agile Energy has a beneficial interest in 14,000,000 Gulf Keystone shares, representing approximately 2.9% of the Company's issued share capital. Agile Energy has also notified the Company that it has agreed to pledge its entire beneficial interest in the Company as part of the security package for a revolving credit facility to be provided to the Asher Family Trust. There is no change in Agile Energy's overall shareholding in the Company, and it continues to have an interest in 14,000,000 Common Shares representing approximately 2.9% of the issued share capital of the Company.
Directors buying more shares (even though they bought tons at 6p) This has to be the share of the century!
Jeremy Asher - 12,000000 BUY @ 6.25p
Jeremy Asher - 2,000000 BUY @ 97p
Shows how confident the directors are!0 -
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Buffy the bitch wrote: »How high do ye think the share price would go up to? What's it now about 90 a share.
Hi Buffy, here's an honest answer from someone who has invested in this share since the 10p levels (not a smart arse reply as above). If we knew what the SP would be in a years time then we would be very well off - But we don't
The best advice is to look through presentations and the company website to see for yourself and make your own mind up.
My opinion:
They have drilled 1 well in total with a 25% working interest and this has increased their market cap from about $60million to $600million. I am waiting for the other 3 wells to be drilled and tested before i sell a single share.
ps. They have a 40% working interest in the biggest structured well. For me to sell now i would be eating a crap apple instead of waiting for the golden delicious 0 -
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Hi Buffy, here's an honest answer from someone who has invested in this share since the 10p levels (not a smart arse reply as above). If we knew what the SP would be in a years time then we would be very well off - But we don't
The best advice is to look through presentations and the company website to see for yourself and make your own mind up.
My opinion:
They have drilled 1 well in total with a 25% working interest and this has increased their market cap from about $60million to $600million. I am waiting for the other 3 wells to be drilled and tested before i sell a single share.
ps. They have a 40% working interest in the biggest structured well. For me to sell now i would be eating a crap apple instead of waiting for the golden delicious
Hi Smcgie
Do you have 5300 shares in this stock.Is that the correct figure.?
That would give you a substanstial profit of half a million pounds on a 50,000 pound investment.
I might consider taking half and looking at other investments. Gulf Key share price seems to move at a good but fair pace and so it might do no harm to invest elsewhere while you await the news of the new drills.
Also 2010 might see another double dip. Some industries are already stating that they might see a double dip. So I would be cautious.
1000% gain in this industry is alot. It is a 2000 % gain for other people though so bear that in mind. You would be hard put to make a 100% profit from where the share price is now, i have no doubt its more than possible but its a hard slog from here. However there are stocks that will easily give you 100% as well as some finacials at 52 week lows.
There are lots of very nice stocks about and some cheap. SEED is a lovely pick and bottomed today with a 30% jump to get it going and also there are some nice chinese stocks although i just read an article from Hong Kong about real estate expecting a double dip this year over there.
Also some nice tech stocks. You have to be realistic even if you get a 100% gain from here with gulf key your very unlikely to see another 100%. On the other hand there are stocks that are reaping generous returns. Lots of financials at 52 week low that promise 2- 300 % returns over a short term.0 -
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Really-Stressed wrote: »The only answer you will get in this thread is higher than 90.
You might as well as a ask an umberella salesman does he think it will rain this year.
Mate in fairness it seems you're suggesting these people work for the company.
I only asked hoping the people who had shares give a maximum price where the company would be a the end of 2010.
To be honest I bought Elan shares 15k at 5.60 not doing to well to be honest lost some can't really see Elan making me my money back quick.Hi Buffy, here's an honest answer from someone who has invested in this share since the 10p levels (not a smart arse reply as above). If we knew what the SP would be in a years time then we would be very well off - But we don't
The best advice is to look through presentations and the company website to see for yourself and make your own mind up.
My opinion:
They have drilled 1 well in total with a 25% working interest and this has increased their market cap from about $60million to $600million. I am waiting for the other 3 wells to be drilled and tested before i sell a single share.
ps. They have a 40% working interest in the biggest structured well. For me to sell now i would be eating a crap apple instead of waiting for the golden delicious
If you were me would you sell the Elan shares to go into this company?0 -
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Hi Smcgie
Do you have 5300 shares in this stock.Is that the correct figure.? No im currently holding 20103 Shares
That would give you a substanstial profit of half a million pounds on a 50,000 pound investment. If only - hindsight
I might consider taking half and looking at other investments. Gulf Key share price seems to move at a good but fair pace and so it might do no harm to invest elsewhere while you await the news of the new drills.
I am thinking of slicing another 25% at the £1 level and placing it into Range Resources (RRL.L)
Also 2010 might see another double dip. Some industries are already stating that they might see a double dip. So I would be cautious.
1000% gain in this industry is alot. It is a 2000 % gain for other people though so bear that in mind. You would be hard put to make a 100% profit from where the share price is now, i have no doubt its more than possible but its a hard slog from here. However there are stocks that will easily give you 100% as well as some finacials at 52 week lows.
There are lots of very nice stocks about and some cheap. SEED is a lovely pick and bottomed today with a 30% jump to get it going and also there are some nice chinese stocks although i just read an article from Hong Kong about real estate expecting a double dip this year over there.
Also some nice tech stocks. You have to be realistic even if you get a 100% gain from here with gulf key your very unlikely to see another 100%. On the other hand there are stocks that are reaping generous returns. Lots of financials at 52 week low that promise 2- 300 % returns over a short term.
Thanks for that, its nice to here some straight up advice rather than someone shouting it down from a high horse.
Fair play!0 -
Really-Stressed wrote: »I wouldnt put to much emphasis on company presentations. They will be positive.
No major institution has any interest in this company. The investors are all punters on the street putting in 5k or there abouts. That is an important point to note.
Its also important to emphasise that a director of the company who invested at 6p has recently bought over 2,000,000 shares @95p Now what director spends £2million (on a second purchase!!) on his company if he's not quietly confident.
When GKP come up trumps i assure you i will be here to remind you about my 10p purchase then again at 23p 0 -
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Haven't the time to go through this thread right now. But to any potential investors, it's a case of caveat emptor (forgive my latin at this time), do your own research.
Same applies to any type of investment your considering for 2010, there is no such thing as a blue chip company anymore.
Happy New Year Ixus, hope we did'nt cause too much trouble for you last year 0 -
Hi Buffy, here's an honest answer from someone who has invested in this share since the 10p levels (not a smart arse reply as above). If we knew what the SP would be in a years time then we would be very well off - But we don't
The best advice is to look through presentations and the company website to see for yourself and make your own mind up.
My opinion:
They have drilled 1 well in total with a 25% working interest and this has increased their market cap from about $60million to $600million. I am waiting for the other 3 wells to be drilled and tested before i sell a single share.
ps. They have a 40% working interest in the biggest structured well. For me to sell now i would be eating a crap apple instead of waiting for the golden delicious
Quote:Really-Stressed wrote: »The only answer you will get in this thread is higher than 90.
You might as well as a ask an umberella salesman does he think it will rain this year.
Originally Posted by Buffy the bitch
How high do ye think the share price would go up to? What's it now about 90 a share.
Really stressed, your posts would have more credibility if you had some facts to boost them with but I understand to an extent where you are coming from even if dont know the facts.
There is a way of guessing/predicting the sp to an extent. There are a number of scenarios.
1) The shares may be worth nothing if the KRG and Bagdad can't come to an arrangement and the contracts could be thrown out. To me this is unlikely has it would create huge instability in Iraq and create tension among USA, Canada, G.B, China etc with Iraq.
2) The company could be bought out.
What price could it be bought out at?
Here is the Maths:
Sinopec bought Addax at $6.3 a barrel, contracts were recognised by Baghdad.
DNO recieved an offer at $7.3 barrel for an international company but rejected it.
The price per barrel in the ground seems to be around $6 - $7.
I will price GKP at $3 bbl (50%+ discount) as their contracts are illegal according to Baghdad.
I will use 35% (commercial norm) recovery rate as that is what is believed to be achievable even though when the DGA report comes out it could be much higher with the high gas pressure found at deeper levels.
35% = Recoverable
37.5% = Stake in Shaikan
GKP Shares = 489,976,407
$3 = £1.85 @ 1.61 conversion
The mean amount they have at the moment is 2.8 billion barrels.
2.8 billion bls. @ 35% recovery = 0.98 billion bls.
0.98 billion bls x £1.85 = £1.813 billion
£1.813 billion @ 37.5% stake = £ 0.679875 billion.
£0.679875 billion / 489,976,407 shares = £1.38
therefore:
2.8billion bls = £1.38
5 billion bls = £2.46
7 billion bls = £3.45
This is for Shaikan alone.
If the hydrocarbon law is passed then the above estimations could easily double.
This calculations doesn't include Algerian assets which many value at 20p +.
If GKP go it alone and get to spud Sheikh adi than we will really have hit the jack pot with 40% interest.
GKP's main two issues are the New Energy Law, funding and staying independent for as long as possible. Please let me know if calculations are wrong as these are basic calculations.
Risk is a very personal thing and varies from individual to individual. You need to assess your own tolerance level for high risk shares.0 -
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Something is definitely happening, hit the crucial 100p mark and if we move above it tomorrow which I'm sure we will I feel that there is news imminent.
I don't think it is the DGA report but more of a funding nature as the last draw down was very little.
If we get funding for another 6 months than we are in business!!
There should be an RNS before Monday the 11th News embargo in place
There was some info about the DGA report from the iii boards
A user did his own calculations which used the same "Monte Carlo Simulation" that DGA use and is considered reasonable by many.
It says the mean OIP is 13.8bn barrels
Current SP is based on 2.8bn barrels which would mean a 5 bagger for holders!!
Read the full Custom DGA Report here: gkp.hostingdelivered.com/viewtopic.php?f=3&t=11#p63
Good Luck all for GKP in 2010 0 -
There should be an RNS before Monday the 11th News embargo in place
There was some info about the DGA report from the iii boards
A user did his own calculations which used the same "Monte Carlo Simulation" that DGA use and is considered reasonable by many.
It says the mean OIP is 13.8bn barrels
Current SP is based on 2.8bn barrels which would mean a 5 bagger for holders!!
Read the full Custom DGA Report here: gkp.hostingdelivered.com/viewtopic.php?f=3&t=11#p63
Good Luck all for GKP in 2010
Ya that would be amazing but as far as I know they need to drill SK2 to get further analysis of the reservoir. The SK2 drill won't start till mid 2010 and I feel that the company will be t/o by then which is disappointing.0 -
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