Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 09/6/2018 19:49

As I said earlier, the desperation now being shown by the clueless rampers has hit new heights with the re posting of the now irrelevant and suspect numbers from 7/8 years ago. Kozel and his fellow troughers paid themselves on OIP which just about everyone disagreed with. Do consider carefully how well they have all done whilst you nurse your losses.

[kiltless highlander] 09/6/2018 19:49

How so Rovershyte?

If we can stop a few throwing good money at this farce, it will be worth it.



roverite129 Jun '18 - 19:47 - 566234 of 566235
0 0 0
By the way , Kilt

Aren't these two hysterical statements just a little contradictory ?


LOL



I am here to watch this slide under, ie to enter the Abyss, as it will.

History must not be allowed to repeat here, or more PIs will lose fortunes.

[kiltless highlander] 09/6/2018 19:48

Rovershyte,

I answered your eternally stupid question - I see you make no comment.

I made some losses here, a LOT less than most I would say, but I do not mess about in stocks & shares.

This is a SCAM, and has been from early on, why people are trying to con others even now in 2018 is a crazy state of affairs.

No-one in their right minds would ever trust, GKP, it's BOD, the posters on here, iii, & LSE ever again!

It is 2 pence for a reason after 11 years!

[roverite12] 09/6/2018 19:47

By the way , Kilt

Aren't these two hysterical statements just a little contradictory ?


LOL









I am here to watch this slide under, ie to enter the Abyss, as it will.

History must not be allowed to repeat here, or more PIs will lose fortunes.

[roverite12] 09/6/2018 19:42

You seem very bitter , Kiltless

How much did you lose here ? It must have been a hell of a lot for you to still so angry and full of hate after all these years !

Will being hysterical with rage get you your money back ? Nah ....I doubt it

Best to show some strength of character , try and develop a bit of moral fibre and move on with your life - you'll feel better for it

Or maybe not


LOL

[bigdog5] 09/6/2018 19:42

oil_investor. If you believe that why don't they drill there? If it's that good and flows why don't they produce from there?

The plan was to mix and get a shaiCON blend. Why blend with others? Or is it just something to keep announcing to keep you investors (suckers) interested?

[kiltless highlander] 09/6/2018 19:38

...and just to reaffirm & UNANSWERABLE:


kiltless highlander9 Jun '18 - 09:05 - 566182 of 566230
0 11 0
Here we are again, tales of nonsense from 2011 (as predicted below), trying to be woven in to today's story!

Whatever happened to Scaramouche LOFL?

Now the PROVEN FALSE tales from 2011 are being repeated - WHY?

Talking about 20Blnbbls OIP again - WHY?

Talking about a feasible 100Blnbbls OIP - WHY??????? Surely, 3 of the 4 licences have been given up since.

What a comedy OR criminal show this is!



kiltless highlander - 29 May 2018 - 08:14:50 - 565015 of 566181 THE NEW GKP / Drilling for Super Giants (moderated) - GKP

It was sold on April 11th 2018 the latest fairy story!

All these ridiculous predictions have one thing in common, there are NO factual events surrounding them, each one is a fantasy, spurious snippets of information (mainly from years back) twisted to death to suit the fantasy stories of today, by the same old agents.

It really is laughable OR then again, is it criminal?



oil_investor9 Jun '18 - 08:21 - 566176 of 566188

By
scaramouche :-

GKP's potential 100 BILLION barrels across all 4 licences is surely rather too much for just ONE oil super-major and perhaps.... more than enough for TWO!

[oliver666] 09/6/2018 17:59

oil_investor
9 Jun '18 - 16:22 - 566213 of 566222

OI or should that be hick uking urnip.
You dont have the faintest idea of this issue with Marathon and SHam or Taqa. As to even educating you at this stage, , thats impossible , due to your inability to look learn and lsiten. By the way Lundin are in Court this year for crimes involving Oil

[oil_investor] 09/6/2018 17:08

Since we’re now talking about ShaMaran, here’s their news release just out.

So the heat exchanger issue is believed to be salt (barium, etc) from the drilling fluid. All seems under control.


VANCOUVER, June 8, 2018 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE: SNM) (Nasdaq Stockholm: SNM) reports that following the partial blockage of the heat exchanger in the production facility at the Atrush field in Kurdistan, sediment samples have been analysed and it has been confirmed that the blockage was caused by salt the source of which is likely to be drilling fluid losses during drilling of the Chiya Khere 5 ("CK5") and Atrush 2 wells and is now being back-produced with the oil. View News Release in PDF Format.

The heat exchanger has been successfully cleaned. Trials with injecting fresh water at the CK-5 wellhead and separating salt water out at the separator have significantly reduced the amount of salt going through the rest of the system.

Currently Atrush oil production is approximately 20,000 bopd.

Water injection at the wellhead will continue and it is the intention to gradually increase production whilst carefully monitoring the facilities. Water injection is currently limited due to limited disposal capacity, which will be increased following the drilling and completion of the Chiya Khere 9 water disposal well in the second half of 2018.

Work on the tie-in of the Chiya Khere 7 production well progresses well and the tie-in is expected in July 2018 following a planned shutdown of the facilities. The Chiya Khere 10 well is currently drilling and is expected to be ready for production later in Q3 2018. It is expected that with the addition of these two wells Atrush well production capacity will be over 30,000 bopd.

[broadford bay] 09/6/2018 17:03

oil_investor,

unlike you - and most of your ilk - when I make a mistake, and it's pointed out to me or I recognise it myself - I correct it and admit my error.

You still fail to address that huge disconnect.

I certainly made allusions - but your particular choice of words defines you.

[oil_investor] 09/6/2018 16:55

Broadford Bay: you published some totally nonsensical calculations on iii recently about GKP’s income, which were all wrong. Did you look at the details of Marathon Oil before you posted just now?

You said that the deal agreed between the boards of Marathon Oil and ShaMaran Petroleum “stinks. Stinks to high heaven”.

You can take it up with Marathon and ShaMaran, if you think the deal “stinks to high heaven”.

Marathon and ShaMaran, and the Lundin Family, seem content with the deal. Indeed the President and CEO of ShaMaran says “This deal significantly strengthen’s the Company’s financial position, helps to pave the way for further new opportunities and gives ShaMaran a solid platform for building an exciting future!”

[oil_investor] 09/6/2018 16:48

OK, here are some facts about Marathon Oil rather than allusions of some sort of fraud.

Marathon have made it explicitly clear that their focus is on their US assets. In March 2018 they sold their assets in Libya for $450 million cash as part of that policy, they had 199 million barrels of Reserves in Libya, so the price per barrel was $2.25 which some might not say was very much. But Marathon have explained that the cash sale represents 9 Times Marathon’s estimate of free cash flow from their Libyan assets. So the free cash was estimated at $50 million per annum, and they have sold on a multiplier of 9. Is that good, bad, or indifferent? They clearly think it’s a good move otherwise why do it?

Marathon’s US Net Production Q1 2018 was 269,000 bopd. Additional to that is International net production of 114,000 bopd (Equatirial Guinea, North Sea, Kurdistan and I think Libya). That’s a total Q1 Net Production of 383,000 bopd. Atrush is probably producing about 25,000 bopd so the 15% Marathon slice of that would be about 3,750 bopd. So that’s just under 1% of their total production. Sell that 1% for $60 million cash, and use the money elsewhere? That’s the sort of thing that people do.

[broadford bay] 09/6/2018 16:39

oil_investor,

your interpretation is both provocative and false - but that seems to be part of your "style", doesn't it?

You ignore the main point to which my posting drew attention: the very great disconnect between the "agreed" price and the inherent values.

2 Values:

#1 The contractual PSC entitlements, the extra 15%.
#2 The work done to date plus the capital investments made.

I'm sure MRO knocked heads with Abdullah for quite a time before accepting their fate.

Re. non-adherence to contractual terms - would you classify that as "fraud"?

[oil_investor] 09/6/2018 16:27

Oh dear.

“Bigdog5”; continues to ignore the Triassic RNSs, the Triassic flowtest results, the Triassic Reserves and Resources Numbers from ERC Equipoise, CEO Jon Ferrier’s comments about the Triassic Condensate, and also the agreed Shaikan Field Development Plan.

If he is so concerned, he should surely contact GKP Chairman Jaap Huijskes and arrange a meeting with him.

[oil_investor] 09/6/2018 16:22

Broadford Bay: you appear to be alleging some sort of fraud involving Marathon Oil. Are you?

If you look at Marathon, you will see that they have been losing money heavily. Their focus is their US assets. $60 million cash is very valuable in such circumstances. The alternative is not having that $60 million and potentially having to fund the next stages of capex at Atrush.

The Lundin Family seem content with the situation at Atrush. Unless you have hard evidence of fraud, the simplest explanation is simply that Marathon need cash and judged that $60 million was OK, in the strategic and tactical context. Small minority stakes can be problematic.