RE: RE: RE: fact vs fiction ernst & young hired to assist in JV selection - fact----Industry standard procedure check out GKP-Gulf Key Stone Petroleum hired Perella Weinberg to sell an asset, the board have hired an industry respected professional company to cary out and assist with complex negotiations, big plus point
STANDARD PROCEDURE UHH NO MAYBE ON YOUR SIDE OF THE POND
Answer Gulf Keystone has approx 13billons barrels of oil in place and still exploring?? Why is the share at £2.10 pence only. Parella Weinberg??? What have they done for GKP?? How long has it been since they were appointed to sell an assett?? Any enquiries as of yet?? Not even a phone call??
mgt does have the expertise and skill to value what they own - fact or fiction?----Experienced boad at every level, investment banking, finance, development and geology, fit for purpose and doing a good job. WHY NEXT TO NOTHING IN CASH
4-5 Million in cash. Where do you get nothing from. 4-5million fora junior is a lot of money. Another false allegation that management will take note of to try and deter investors for Bigbafoons personal gain.
liberia has not granted psc - fact---Petroleum laws not yet finalised, Liberia issue not Simba no other PSC's have been issued since onshore so patience is key
THEN DONT TELL INVESTORS ITS IN THE BAG
Simba were awarded with a draft PSC before NOCAL decided to transform its petroleum laws. So I have never beeen told it's in the bag. Exxon still waiting for ratification with XOP in Block 13 and there is a offshore PSC in place as well. Exxon??? No1 in the USA and they cannot do anything until NOCAL gives them the green light. Same situation as SImba. Nothing to suggest Simba will not get the PSC.
aside from stumblimg upon Kenyan property please remind me what management has done to create value?--Guinea PSC x2 , and interests developing Pan Africa. PV OF FUTURE CF = VALUE??
Simba is finalising the PSC in Ghana and Liberia( see last presentation). Kenya is on fire and long may that continue ;-). Guinea well lets just wait and see what the next Sproule report says about Guinea.
who in their right will pay 40 million dollars for half of property when they can get the whole nut for market cap of 37 million---Watch this space. WATCH WARRANT HANGOVER @ .16
Marathon Oil just paid 76 million for 50% of Block 9 next door to Simba
Investment grade? according to OPL 21 cents per share--and 81 cents accorrding to others AND 14 CENTS BY THE MARKET :(
GKP valued by market at £15.00 per share yet languishing at 2.10??? Why 15billion barrles of oil and yet the market does not want to know. Not even a sniff for 18 months regarding the asett sale.
BR