Gulf Keystone Petroleum Live Discussion

MikeyAdmin 04 Feb 2020

Level 2 Through 8,025 @ 193 at 14.02.31 . . next is the 15,000 @ 195p which morphed into a 9,978 @ 195 at 8am High Trade . . . 194p . . . 14.02.31 Spread 193.2----193.4 . . . Mid 193.3

MikeyAdmin 04 Feb 2020

Opening Prices Through 191p, next is the 15,000 @ 193p which morphed to a 8,025 @ 193p at 8am Trade high 192.40 Spread 192----192.6

MikeyAdmin 04 Feb 2020

Level 2 Close . . . . 185.40 Open . . . . 189.40 High . . . . .191.00 . . . 11.42.47 . . . 8 @ 191p AT bought from the 9,978 @ 191 Low . . . . . 185.83 . . . 08.01.27 . . . OT MD Auc . . 983 @ 190p The 9,978 @ 191p is now down to 3,417 after c. 6,500 where bought through another Exchange which are not reported on the LSE Full 232,398------251,471 . . . Note the Bid weight 39----38 LSE Vols . . . . 147,935 . . 152 trades AT trades . . . 123 OT trades . . . 29 . . . 12.02.10 Spread 190.20----191 . . . Mid 190.6p

ValueSeeker8 04 Feb 2020

OPEC aims to extend oil output cuts through June, alarmed by China virus BP Sees Virus Wiping Out One-Third of Oil Demand Growth in 2020 (Bloomberg) – BP PLC (LON:BP) said the coronavirus outbreak threatens to wipe out a third of global oil-demand growth this year, a troubling prediction for prices already languishing at their lowest in a year. “We see demand down on average for the year by 300,000 to 500,000 barrels a day,” BP Chief Financial Officer Brian Gilvary said Tuesday in an interview in London. That takes a large chunk out of the 1.2 million-barrel-a-day growth expected before the deadly virus hit, sapping fuel consumption. Brent crude slid below $55 a barrel on Monday to its lowest close since December 2018. The rout is piling pressure on the Organization of Petroleum Exporting Countries and its partners, with leading producer Saudi Arabia pushing other members to take emergency action. Technical experts from the OPEC+ coalition meet in Vienna on Tuesday to evaluate the virus’s impact. “All eyes then lead to OPEC as to whether OPEC will look to rebalance the market to get back in a $60 to $65 range,” Gilvary said. The CFO was speaking after BP reported fourth-quarter results, with profit beating analyst estimates and the dividend rising. Best Regards @ValueSeeker8

MikeyAdmin 04 Feb 2020

Level 2 Trade high . . . 190.8p 15,000 @ 191, 193, 195 & 199p, 20,000 @ 197p, 25,000 @ 203p, 40,000 @ 210p 60,000 @ 230p and 12,000 @ 249p = 217,000 The 15,000 @ 191p on the Ask morphed into a 9,978 @ 191p at 8am and the following screenshot shows it . . and that 9,978 @ 191p is acting as a block or un-crossable type barrier to traders and a further rise Screencast.com 2020-02-04_1042 Shared from Screencast.com

MikeyAdmin 04 Feb 2020

Prices FTSE100 . . . 7,415.06 . (+88.75) . (+1.21%) . . . UP Brent . . . 54.85 . (+0.33) . (+0.61%) . . . (15 Mins Delayed) . . . UP GKP . . LP . . . 190.2p . . . UP It FTSE100 rise started to recover yesterday and Brent also started to rise yesterday and today GKP has also risen

ValueSeeker8 04 Feb 2020

Transactions in Own Shares RNS - Transaction in Own Shares Best Regards @ValueSeeker8

MikeyAdmin 04 Feb 2020

Transactions in Own Shares [link] Actioned by Peel Hunt LLP

MikeyAdmin 04 Feb 2020

Opening Prices FTSE100 . . . 7,334.93 . (+48.92) . (+0.67%) Brent Crude . . . $55.35 . (-1.27) . (-2.24%) GKP . . . 77,059 @ 185.4p . . . . . . . . . . . . . . . . . . . . . . . . . FTSE100 . . . 7,400.27 . (+73.96) . (+1.01%) Brent Crude . . . $54.86 . (+0.31) . (+0.57%) . . . (15mins delayed) OP . . . 6 @ 189.4p 50,000 @ 182p, 5,000 @ 181p, 10,000 @179, 178, & 174p, 15,000 @ 173 & 164p = 115,000 … Note the 50k 15,000 @ 191, 193, 195 & 199p, 20,000 @ 197p, 25,000 @ 203p, 40,000 @ 210p 60,000 @ 230p and 12,000 @ 249p = 217,000 Book at c. 8.03am 187,497----241,578 24—27 Screencast.com 2020-02-04_0755 Shared from Screencast.com

MikeyAdmin 03 Feb 2020

Shaikan Payment Update The agreement is effective from 1 January 2019 until 31 December 2020

MikeyAdmin 03 Feb 2020

Shaikan Payment Update theoryman . . the points you’ve made are excellent but I have to correct one point. “If payment was taken in kind then it is deducted from production and thus reduces the gross payment to the contractors”. As far as I’m aware the Main Contractor (GKP) pays all the necessary Taxes that are payable to the KRG under the Licence, and MOL pays no Taxes. Which in turn brings in a further point . . If the amount has been reduced by payment of a Tax, then it would only have effected GKP’s percentage and not MOL’s To my knowledge the Oil Agreement signed on the 11th March 2019 is for 2 years, so IMO no new payment regime has been instigated. Under Corporate [link]

theoryman 03 Feb 2020

Shaikan Payment Update Mikey, apart from the different numbers of days, the different average price of Brent and hence different say (Brent-21.6), absolutely no problem with your reasoning. Who has said the payment is wrong? The fact that it is lower than expected, based on the previous months in 2019, does not mean it is wrong, it just means it is lower. So on one hand you could focus on the fact that a payment has arrived, albeit significantly delayed but just in time allowing for transfer and clearance. I will be paying a very close look at the next payment because that will inform us as to whether a new payment regime has suddenly been instigated or not. The reason that matters is because it might mean that future cash generation projections need scaling down. I am very surprised that you feel a circa 7% reduction in the lowest projected income should be thought of as being trivial.

theoryman 03 Feb 2020

Shaikan Payment Update VS8, it’s partially covered by the Maths, I think… If payment was taken in kind then it is deducted from production and thus reduces the gross payment to the contractors. If it’s one that involves cash then the gross payment is made as normal and the cash is then paid back to the MNR in a separate transaction. You are correct about an historical 10 day delay target from the MNR between an invoice being received and payment being made. As far as I am aware that’s something else that has just got lost in the mists of time. If you are ever suffering from insomnia, have a read of the PSC 1st amendment. It is very precise about when the contractors have to pay the MNR in various circumstances and what the consequences will be for delayed/missed payments. I haven’t got to the bits where the roles are switched!

MikeyAdmin 03 Feb 2020

Shaikan Payment Update Aw . . . diddums is baby upset Bless

MikeyAdmin 03 Feb 2020

Closing Price Close . . . . 185.60 Open . . . . 185.00 High . . . . .187.36 . . . . . 08.01.38 . . OT Low . . . . . 180.6622 . . . 08.31.20 . . OT MD Auc . . No UT LSE Vols . . . . 769,583 . . . 401 trades AT trades . . . 316 . . 78.8% OT trades . . . 85 CP . . . 77,059 @ 185.4p FTSE100 . . . 7,334.93 . (+48.92) . (+0.67%) Brent Crude . . . $55.35 . (-1.27) . (-2.24%) . . . (15mins delayed)