Asset Match
01 May 2018
AIM Delisting - Asset Match Good afternoon to everyone on this discussion board.As you will probably be aware by now, the shares of GPX were officially delisted from AIM recently. However the company has put in place a share trading facility via Asset Match to allow shareholders and would be investors to continue to buy and the sell shares.In the first instance, I would suggest registering on www.assetmatch.com which is free of charge and will only take a moment or two to complete. Here you will have access to a dedicated GPX page offering a raft of information.If I can be of any assistance then please do not hesitate to contact us.Kind regards,Ben Weaver020 7248 [email protected]
ExSol
05 Apr 2018
Have to sell Hi PeepsSo do we have to sell by today, any thoughts.Cheers
Johandesilva
28 Feb 2018
EU extends sanctions against North Korea and Syria The EU has designated two new ministers in the Syrian government.[link] suspect next news item could be more funding.One to keep avoiding (but keeping an eye on) for the foreseeable.
JRz
26 Jan 2018
peace talks:29-30th Jan Vienna talks started on 25th Jan. Another talk round next week. [link]
Johandesilva
06 Dec 2017
Re: Interesting times ahead for Gulfsand... Motiv3,I think purely that the odds are more stacked against an investment at this time. 1. They will need to raise working capital before sanctions lifted - OK perhaps not much.2. New sanctions may be used.Saying that the share price has held up well.
Motiv3
25 Nov 2017
Re: Interesting times ahead for Gulfsand... Hi Johandesilva, First of all, before I say anything further I must stress that I am not a financial advisor and anything I say should be followed up with your own due diligence. Stating the obvious here but my posts are merely my opinion of the situation and sharing it for discussion purposes only. Whether people buy or sell in this share is up to them.The reason why I posted the news article was to show in essence that progress, at last, is starting to surface from Syria. If I had to describe gulfsands using an analogy I would do so using a Ship (representing gulfsands) stranded at sea. Slowly running out of supplies (capital) to keep things afloat and no wind (progress on resolving the war) ...However, with the recent progression as a result of the talks held at Sochi and today Turkey declaring that US has cut off arms to its kurdish "allies" means there is finally some wind to get the stranded ship moving in the correct destination...You mentioned funding. Obviously, this is something that Gulfsands will look to address... however, one must remember that we have individuals such as Ayman Asfari investing in the company when things looked dire. I do not think they would have done so blindly. Gulfsands clearly has avenues for raising additional funds. As with any share there is risk to reward ratio. I personally feel that there is substantial reward attainable should things work out in Syria and for this reason a punt. I am doing so now rather than later due to the news that is coming out as I really do not want to miss the boat. As I have stressed previously these are my mere opinions and would love to hear your thoughts. If I remember correctly the EU sanctions are placed until 02 July 2018. The sanctions will be up for review whether to extend further or not. Hopefully, 2018 is gulfsands year. Good luck all.
Johandesilva
22 Nov 2017
Re: Interesting times ahead for Gulfsands Motiv3,Is the article your motive for the post and not the charts? Most notably the RSI with recent SP movements this looks a screaming buy today. While the charts say one thing but there is nothing in the news that I would consider positive.I must admit I am surprised at how well the share price has held. Gulfsands also needs a strong share price for the next round of equity placing and any investor must be prepared to get stung.Malcy remains positive "Currently running Gulfsands Petroleum (GPX) and doing a good job there, JB will add a great deal to Aminex." Malcy.
Motiv3
21 Nov 2017
Interesting times ahead for Gulfsands [link]
Johandesilva
13 Nov 2017
Financials My points are: * Cash and money raised $7 in 2017 take away $1.75mln for Morocco = $5.2m* Cash burn $4m a year from 2017 Further cost efficiencies planned but they will surely need to raise money sooner than anyone thought. Wait after more funds come available. If sanctions are lifted in the meantime before funding then stay out. Working capital is key to not losing money here.Key Notes from Half year results:Capital efficiency initiatives delivering significantly reduced costs· Ongoing cash cost of running the business down a further 28% on a pro-rated basis from $5.0 million for FY 2016 to $1.8 million for 1H 2017.· Further cost efficiencies planned for the remainder of 2017 and into 2018.Continued financial support from major shareholders· Completion of Secured Term Financing Facility (the "2017 Facility"
of up to £4.0 million (c. $5.0 million) in February 2017.· 3 tranches of the 2017 Facility have been drawn down, totaling $3.1 million (£2.4 million).· Cash at 30 June 2017 of $1.7 million. Current cash available of $2.3 million (excluding the remaining undrawn 2017 Facility available of £1.6 million, which is subject to approval from the lenders).
Johandesilva
10 Nov 2017
Pulls out of Morocco John Bell decision will cost Gulfsands US$1.75mln of cash held in Morocco but further penalties could (usually does) also apply.[link] is now 100% on Syria apart from John Bell who also has other non-ex commitments.Glad I sold but now feels riskier, at the same time potentially one of the biggest upsides in AIM.
Johandesilva
09 Nov 2017
Managing Director: John Bell Today also appointed non-executive of Aminex I retain my sell for now.
Johandesilva
30 Oct 2017
Sold Looks toppy on all the charts so slowly banked the lot. Geopolitics and Assad don't look too good. May re-enter given the right price.
Johandesilva
13 Oct 2017
Re: Future Position Presume written off as there is no publicly available news on this. My related thought for some time does this affect reserves t any significant effect.Good news on Colombia licence, given the small cap nature of GPX could be significant though I find understanding the RNS and ownership hard to fully grasp.
sticky bill
06 Oct 2017
Future Position If and when? the EU controls are removed and we return to something approaching normal trading what are the implications of reported pumping activity which have been undertaken during that time.Is there any chance of getting any return on this volume as a lump sum held by the partners or will that have to be written off. As I understand it two of the three partners were not affected by the restrictions and I assume received some form of payment.Any guidance would be appreciated
II Editor
29 Sep 2017
NEW ARTICLE: The Oil Man: President Energy, Gulfsands, Pantheon "WTI $51.56 -58c, Brent $57.41 -49c, Diff -$5.85 +9c, NG $3.02 -4cOil prices have drifted after the big rises earlier in the week but, barring the unforeseen, the market looks to be set reasonably fair.Today is the end of the week, month and ..."[link]
