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Re: OilBarrel.com: Shaikan operator Gulf Keystone Petroleum in play... GKP @ 53 p= +8.8 % IntradayI am not sure what the aim of such an article is other than an attempt at suggesting expectations of an end result that would suit a minority. I don't see it as an outright sale of the company and I see GKP has having many options : Sale of any of the four assets or combination thereof sale of the company (yes but not at any price as there is no need) A buy in from a major that will pick up any debt and major expenses going forward in exchange for, probably a controlling % A buy in from another local player that can utilise the additional 40,000 barrels of crude and has more options than GKP Sale of the BIRs that the KRG are effectively being allowed to maintain via the 'special relationship' (not likely but for this to be maintained there has to be a tripartite agreement and not just in favour of the KRG Rights issue Etc etc I do not run with certain agencies views that all is lost and they have to do something drastic -it just doesn't stack up. Even in a fire sale, if open to all players (big iFF), then based on the worst case scenario of the CPR I would expect a 3 x bagger from this point. Ivan Ps I wonder if my mate Roman Abramovich (Chelsea supporter I am) will get involved... :-) Pps just read a post on the Interactive Investors forum from a character known as Hub. He might be right in that this might be a chance to rearrange and extend terms with the bondholders. Eminently sensible option. |
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