Fox Davies Capital have all but completed the much awaited Placing which is rumoured to be of an institutional nature. The offering was over-subscribed with new institutional investors competing for a slice of GKP’s sub 80p shares, with discount, which have been quickly gobbled up by existing and new institutions.
JV talks between Hunt oil may very well be ongoing as we speak as GKP gear up for Shaikan2,3,4 all sites have been chosen with Shaikan2,3 completed and awaiting the Weatherford rig while GKP await its release.
The seismic data currently being evaluated as it comes in may very well indicate recoverable OIP higher than now estimated on Shaikan.
NEWS this week is my own personal opinion based on soundings from the city.Pressure is building for news here.
An RNS is more than likely once the whispers take hold this week.
Expect a 150 hundred million plus share dilution.