onewayticket
23 Feb 2017
Key Shareholders Its also worth just pointing out and just for balance that with over 82% of this stock tightly held by the same 3 supportive shareholders, that have just provided the recent £4M funding and with other holders on top, there is not much of a free float available. In consequence when it moves it moves quickly and on a quick trawl of RNS's you should find that twice in recent memory the company has had to issue statements re such quick upward movements. Here is your shareholders list off the website.[link] said enough for today.Own due diligence.
onewayticket
23 Feb 2017
Re: Malcys Blog Comment. This is the bit that I thought was particularly interesting." I am slowly, very slowly, thinking of taking another look at GPX and am looking forward to a meeting with new MD, John Bell."Own due diligence
onewayticket
23 Feb 2017
Re: Malcys Blog Comment. Reposted.Given his expertise in the oil industry and with the Investment fund that he runs he made some canny percentage gains last year off his Oil picks, did canny young Malcolm Graham-Wood.Just to highlight that an interesting comment appeared on his Malcysblog page on the 17th Feb 17 concerning Gulfsands Petroleum."Gulfsands also appeared with a begging bowl, theirs was to lenders who popped up with £4m. 37.3% came from Waterford, 31.4% from Blake Holdings (Richard Griffiths) and 31% from ME Investments which I think we can have an inspired guess at. I am slowly, very slowly, thinking of taking another look at GPX and am looking forward to a meeting with new MD, John Bell."[link] For informationOwn due diligence as I say.
oilinvestor85
23 Feb 2017
Re: Volume dried up I don't know there was a double posting ! Computer glitch
oilinvestor85
23 Feb 2017
Volume dried up When this share was going up , millions of shares were traded each day! That volume has dried up now! The smart guys have made their money between 4p and 13p ! They have taken the Money and moved it to better run SMALL oilies with cash and revenues such as AMER, AMINEX, SDX ENERGY, CHARIOT, HURRICANE, SOUND, RANGE RESOURCES and FAROEThe id10ts on the other hand bought in after the herd left at 13.5p and are left holding the baby! No one wants to buy anymore! Volume has reduced to around 100k/ day!!!!DONT GET DUPED! DONT BUY HERE!! THIS ID10T WANTS YOU TO BUY SO THAT HE CAN SELL!!! Don't be fooled!
oilinvestor85
23 Feb 2017
Re: Malcys Blog Comment. "Gulfsands also appeared with a begging bowl"---------Yes I agree with him ! Begging bowl is the correct having mortgaged the company's shares for £4m. Yet the board clown thinks this is worth £3.8/ share or between £1.5-2 billion ! (Bigger than premier oil, Cairn Energy , Soco international and Ithaca energy) !!! This is a gamble! Anyone putting more that £500 here needs their head tested or better still a visit to gamblers anonymous! Avoid avoid AVOID
onewayticket
23 Feb 2017
Malcys Blog Comment. Given his expertise in the oil industry and with the Investment fund that he runs he made some canny percentage gains last year off his Oil picks, did canny young Malcolm Graham-Wood.Just to highlight that an interesting comment appeared on his Malcysblog page on the 17th Feb 17 concerning Gulfsands Petroleum."Gulfsands also appeared with a begging bowl, theirs was to lenders who popped up with £4m. 37.3% came from Waterford, 31.4% from Blake Holdings (Richard Griffiths) and 31% from ME Investments which I think we can have an inspired guess at. I am slowly, very slowly, thinking of taking another look at GPX and am looking forward to a meeting with new MD, John Bell."[link] informationOwn due diligence as I say.
oilinvestor85
22 Feb 2017
Has the legal case been resolved or still ongoing ? This company was in a legal dispute with its previous management! Has that been resolved or are we still in the courtroom? Gosh ! The amount of skeletons in these closets are frightening!!! I don't need to do much due diligence to unearth some ghosts of years gone by!!! I would not buy here unless it hit 4p or lower and possibly do it for charity ! I wouldn't want to make money out of war ! My target is low single digits ! This is a Great Dane of a Dog ! Avoid !
oilinvestor85
22 Feb 2017
Re: Back Round the Table I forgot to add cash in the bank is key or else the company could mortgage the shares for £4 million as has happened here's!!!! Truly shocking !!! I feel sorry for holders ! No doubt this will head the same way as another company with "GULF" in its name!!!!They don't have much cash even after the recent remortgaging!Own due diligence
oilinvestor85
22 Feb 2017
Re: Back Round the Table Johandesliva You hit the nail on the head! The markets are looking ripe at the moment ! So much money being made if you invest in the right stocks! Generally I like well diversified companies with revenues and also some exploration upside. Assets in safe producing zones is also a must! A good management team and no skeletons in the closet. GPX FAILS ON EVERY ONE OF THOSE! If you decide to take a punt/ gamble here please don't bet the farm! It might be ok for a gamble after it hits 4-6p range but not at a lofty 10p. Good luck as always Johan! Don't let this be your AFREN 2.0!!!Own due diligence
onewayticket
22 Feb 2017
Re: Back Round the Table Johan, I know CEY well and got interested when there were courtroom legal challenges to the licence and also civil war and unrest in the country and despite having one of the best proven Gold assets globally in Sukari it sank to 25p and probably even less. Change the political dynamics and add in a rise in the commodity price and up she has gone for the patient. 170p recently. That's the joy in identifying these stocks and being patient.How much of the 380p to 10p fall can be attributed to the Syria crisis - a lot mate. A lot.Turn that on its head and establish peace and how much will it recover - a lot mate. A lot. That's what I think.In Block 26 you already have two 2 producing oilfields namely Khurbet East and Yousefieh which had a combined production of just under 25,000 barrels of oil per day (“bopd”
before EU sanctions stopped things. In addition there were two further oil and gas discoveries beneath the oil producing reservoir in the Khurbet East that are sat on and both with development approvals. Within the Massive, Butmah and Kurrachine reservoirs ofKhurbet East field, and the Yousefieh field there are 2C Contingent Resources of 69.7 mmbo of oil. That's a lot of oil.There was also a further oil discovery made in 2011 at the Al Khairat exploration well. Again sat upon awaiting further evaluation and development work. Don't also forget the other Licences. I also read recently unconfirmed mention of £100M being owed to the company .Market cap tonight for all the above - £55.46 Million.I wish you well with the likes of Hurricane which I suspect might plateau at some point and also with anything that's been Afren related.Own due diligence.
onewayticket
22 Feb 2017
Re: Back Round the Table Not disagreeing with you Johan though I see a lot more value in Block 26 and what else lies beneath the surface and the other licences than perhaps you do and I also envisage further rises in the oil price.I myself think the Syrian crisis has deeply over exaggerated and over depressed any falls over time and would be looking to target more towards the £1.60 to £2.00 levels initially. Where it will actually arrive at nobody knows. The point though is that if a lasting peace is established and UN sanctions are lifted then there is substantial upside and potential reward. Own due diligence.
oilinvestor85
22 Feb 2017
Re: Back Round the Table Its worth around 40p on production as long as there is no more dilution.--------Johan What production ? Their main producing asset is locked in a war zone! They have no cash and have just mortgaged the family silver for £4 million ! These are all facts ! Everything else is wishful thinking! This one is a DOG!
oilinvestor85
22 Feb 2017
Collapse: 10p support broken !!!! The GPX share price hit below 10p and that support level has just been smashed !!! Next level is around 6p! It might be worth a punt for charity at 4p not at 10 p though! My thoughts are with one way ticketLosses are mounting !Own due diligence!!!
oilinvestor85
22 Feb 2017
Re: Back Round the Table Johandesilva Don't mention the 300 million share dilution ! One way ticket doesn't want us to know that ! He would rather just mention that it used to be 380p forgetting they had less than a quarter of the shares in issue back then! He also forgets that the oil price was 115/ bbl and the GPX was producing over 20000 BOPD. That is all history ! All that is left is an oil field controlled by bad people and a company that is struggling to pay the bills ! Hence remortgaging the companies shares for 4 million
