Directors talk sunday-times-explorers-face-debt-deadlines-gulf-keystone
SBLM JLP are cheap now. huge potential to multibag compared to GKP. yesterday was RPO, today GKP...
Buy Volume 13,530,167 Trade Low 6.50 Sell Volume 5,142,241 Trade High 7.50 ? Volume 43,063 VWAP 7.05 Total Volume 18,715,471
At this critical stage, GKP BOD should call for an “Emergency meeting†in London to discuss with available options with IIs and PIs.
In this meeting, GKP should come up with PROS & CONS against each of the available options.
Prepare an agenda for an “Emergency Meeting†and allow for AOB for participants to say other options that were not considered by GKP BOD.
Our father.... I could use an Easter miracle if ones going spare
Could they undermine this company anymore? Unbelievable
Gulf Keystone Petroleum is pleased to announce that a gross payment of $7.5 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil exports in February 2016. This gross payment comprises the Company's monthly contractual revenue entitlement under the Shaikan Production Sharing Contract for crude oil exports in February 2016 of $3.4 million gross ($2.7 million net to Gulf Keystone), $0.4 million gross ($0.3 million net) towards the recovery of outstanding entitlements for past deliveries and $3.7 million net towards the recovery of the past costs associated with the Shaikan Government Participation Option. The February payment, which predates the agreement with the KRG's Ministry of Natural Resources ("MNR") of 16 March 2016, is reduced compared to January as a result of the temporary closure of the Kirkuk-Ceyhan export pipeline from 16 February until 11 March. Following the payment, the Company's current cash position is $57.2 million.
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