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+--- Thread: Rumours of GKP buyout - I think not - it is FACT (/showthread.php?tid=562)
- efi426hemi - 03-24-2012
Hello,
For those following GKP you may know that they are involved in a legal suit with Excalibur (personally, I believe the claims by Excalibur are the biggest joke ever, but that is another story). In any event with numerous hearings over the past and upcoming months, one fellow obtained the transcript and posted a relevant snippet.
It would appear that the GKP lawyer had to divulge the movements of Todd Kozel, CEO up to March 16th. And for some crazy reason, this also involved the GKP Chief Operating Officer; it involves finance advisers, it involves external legal advisers, and it involves a number of counterparties in the Far East who this team is going to see.
Where in the far east are they going? Well China of course. And as coincidence has it, Sinopec is operating in Kurdistan is aggressively looking to acquire oil reserves.
Now I am not the smartest kid on the block, but I can put two and two together. And the absolute best part about this, Sinopec when it acquires reserve pays top dollar as it doesn't price in a profit margin as they are more concerned about national energy needs.
Take a read of the brilliant post from the horses mouth: http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AGKP.L&threshold=20&it=le&action=detail&id=9467595
As always, PDYOR, fwiw, and Health and Happiness,
hemi
ps. Now this is just rumour - but a while back there was speculation that Sinopec would buy out GKP for 27 pounds........we currently sit at 2.5 pounds.
- efi426hemi - 03-24-2012
To be honest, one must point out that GKP has publicly stated it is selling its 20% interest in its Akri Bijeel license, so this trip could be for that purpose, not for an entire company buyout.
Time will tell.
efi