GKP

Food4Thought wrote: Sorry, but i find the notion that you can save 400k on monthly field energy costs totally ridiculous. Pure fantasy IMO on several levels. Are they sending power to Erbil lol.

AdeMcG wrote: As for "Non earning" a second (of what hopefully will be regular payments)from the KRG is imminent and as they owe some £250 million there must be quite a backlog of payments to come, perhaps they could fund the pipeline on behalf of GKP?

There is the £400K monthly reduction in costs that will come from using their own produce for energy uses on plant.
A trial has already happened with Fishkhabour pipeline entry point for Shaikan crude which is only 100Km away as opposed to the 1000K away the current market point (Turkish Cost). Quite a reduction per barrel when this comes off.

Oh and we will have an RNS this week (maybe next) on the 40K bopd production (increase from 23K).

Put this in with the "never been better" political arena (KRG and Baghdad agreements - this would leave only the Oil & Gas law to sort), Budget seems to be agreed and will be formalized soon) and you have the best backdrop "fundamentally" for GKP ever.

It is all in the RNS dated 16th December, my error is printing £ instead of USD $:

ir1.euroinvestor.com/asp/ir/GulfKeystone...id=13075308&ishtml=1


"An amine plant is currently being tested at PF-2, to be followed by the similar plant at PF-1 in early 2015. The amine plants will sweeten the associated gas stream, allowing it to be used as fuel for the production facilities instead of diesel, representing savings of up to US$400,000 per month to the project".

This is where I see the failings in "trading", as an "investor" would know this already

F4T - he's right CEO said savings of $400,000 per month, and he's right - GKP is owed $250 million in back costs, also regular payments pending so it is neither totally ridiculous or pure fantasy, listen to what he sayeth as he sayeth the truth....even though this shouldn't matter how you see the charts.

However, seeing how ridiculous you thought it was, yet being the truth - will it change your mind about dancing on the 80's ceiling?....Nothing to do with Lionel Ritchie, but see what I did.

I'd love to see your thoughts in a chart F4T 'cos ya got game my friend! ...Well you've called it better than anyone!

and "it is incredible how the two often collide in mutual harmony"


Merry Christmas y'all!

dl.dropboxusercontent.com/u/7238706/GULF%20KEYSTONElongView.png

KK, the labelling is just a question of interpretation. If we are being strictly accurate maybe we should label them (b) / 2as they could eventually be either. Labelling causes so much dispute I usually don't post labelled charts anymore but you did ask so this is my version. I don't hold it to be perfect nor even correct, but it means something to me, and that is all that is important. Equally, I respect other versions of the 'truth' as they mean something to those that draw them. I'm just hoping that 42.50 is the low

KK,

The chart sizes question: Remo appears to have changed something in his software and charts now show to the bottom right-hand corner, which I personally think is useless, so the external link is the only way to see them properly

Hi KK,
will post a chart overt the Christmas period. Currently my ceiling still holds though, the stock is not worth more. A fresh look might change these views but I doubt it. Will also look at all the recent posts as I haven't had a chance to in recent weeks.

I didn't say that the CEO hadn't quoted the 400k, I said that the number was ridiculous. Anyone with a cursory knowledge of upstream field costs or any costing for that matter would see that. So the costs were previously 400k +the market value of own fuel now consumed in their place? Fairy tales....
GKP has a sound history of inflating numbers lol.

Merry Xmas all.

F4T



GKP has a long history of inflating numbers.

KoolKeith wrote: F4T - he's right CEO said savings of $400,000 per month, and he's right - GKP is owed $250 million in back costs, also regular payments pending so it is neither totally ridiculous or pure fantasy, listen to what he sayeth as he sayeth the truth....even though this shouldn't matter how you see the charts.

However, seeing how ridiculous you thought it was, yet being the truth - will it change your mind about dancing on the 80's ceiling?....Nothing to do with Lionel Ritchie, but see what I did.

I'd love to see your thoughts in a chart F4T 'cos ya got game my friend! ...Well you've called it better than anyone!

and "it is incredible how the two often collide in mutual harmony"


Merry Christmas y'all!

Hi All,

looked at this again but no change in view. SP still held by same downtrend line. Top value still in high 80's which is a must sell if it gets there for holders.

Expect this to retrace from current level, key areas being 60.25, then 57 (61.8% fib). After that 48.50 and then 42.25. 57 is important because if that goes then we will see 40's.

IMO, per my previous post, we would have seen 42.25 (or at minimum the uptrend line at 44.50/45) on the last fall if it wasn't for that suspect and timely RNS. You have to say that GKP play the RNS game well and people buy in every time. The financials will bear out the opex questions as those are audited. Expect another RNS when we break 50 again



Regards
F4T