Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 19/5/2019 10:25

I have been hopping for 10 years too , my leg is knackered.

[withoutt] 19/5/2019 09:51

Sorry lads bit worse for wear last night, no harm in hopping.
Only been 10 years.
ATB

[stockport loser] 19/5/2019 08:24

Just to confirm the person who wrote those rampathons is a retired postman who set up a fake oil company to get people to listen to him.

[nestoframpers] 18/5/2019 23:46

I'd forgotten that , being here too long

[nestoframpers] 18/5/2019 23:45

1waving 15 Mar'14 - 11:49 - 345182 of 345199 4 0

Equipoise made another howler --- by contradicting themselves ?

Have a look for yourself.

Besides the already acknowledged dodgy presumption by Equipoise that the OWC starts at 1450m TVDSS across the whole oilfield despite strong evidence to the contrary, wiping out billions in OIP and the resultant reserves/resources figures etc, another howler from them looks very clear from their very own contradiction in the CPR itself !!

This little gem is from a short paragraph from the CPR has contradicted the Equipoise assumption that the OWC is at 1450m across the whole field and that between 1450m and 1975m TVDSS has dual porosity/water in fractures across the whole field, therefore effectively wiping out all but a minimal amount of the reserves and recoverable oil volumes in that 525m.

Here is the very relevant short paragraph from Equipoise:--

CPR Page 39
'However, the fact that the oil column in the Jurassic is over 1,000 m thick, and that the aquifer is only present on the flanks of the reservoir rather than directly underneath, reduce the chance of early water production.'

The North to South Cross Section image, figure 5.6 on page 21 of the CPR goes further with an image to demonstrate that point clearly. Refer to that, makes it clear. ( Also a slide in the presentation. )

So Equipoise demonstrates that along the middle of the 30Km long West-East Axis of the field there is no water, so no OWC from 1,450m, which brings into play the 525m depth already discounted across the field, along the length of 30KMs.

The width of the field N-S is about 6-7 KMs. With the bowl shape of the non-water zone in that 1450 to 1975m zone along the axis, the average width looks around 1-2 kms.

30Kms long by 525m depth and 1-2Km wide, that's a hell of a lot of volume of both rock and oil to miss out on through error or omission !!!!

Assuming that zone is just 1Km wide and a net pay of 100m at 12% porosity,
gives 2.26 billion barrels OIP.........



SH-6 drilling should have the utmost urgency and priority.

...and Equipoise need drilling........
..into the long grass.

[0ili0] 18/5/2019 21:49

Nor- 13 user names inthat list but I can only see 5 people ;)Remember when Fake Taxi posted the picture of his trading desk with his home built PC but forgot to remove the metadata from the image. The iPhone 7 GPS tagged it. LOL

[nestoframpers] 18/5/2019 20:54

WildRider71 Oct '16 - 09:03 - 518693

oliver66630 Sep '16 - 21:27 - 518665
'Bonds, they were begged for by Asher Denning and Dobbel, they got them, and all 3 rebuked any right offer issues , so, bonds, bonds and bonds,...'


Oliver666 Thanks for reminding us that the Bonds were the idea of Asher, Denning, Dobell once in place, Todd had to go and that's exactly what they did using the Shag'gers.

* Removing Todd and replace by a new set of hands to

- trigger the BER that secured the bonds
- rush a restructure (and Open Offer) that secure the assets in the hands of the bond holders while wiping out private investors

* Push a CPR that seriously devalues the assets while claiming that the assets have been overstated in the first place to justify Todd's bonuses.

Which of course doesn't hold since as Oil_investor rightly pointed out, there would be far too many people (including DGA, Ryder Scott, other GKP directors in presentations) involved lying on the extend of the assets only to allow Todd his huge bonuses.

What is true though is that the CPR seriously understates the recoverable oil because of the fracture porosity, Sargelu net pay, water in the fractures and Triassic issues.

* proceed with the cleaning operation
find a couple of scapegoats and shove them down GKP shareholders' throat day in day out.
if you repeat it long enough people might eventually believe it is true!

Oilcan
Cutthecagain
Joseki
Nicebut
Bigdog
Faketaxi
heart1
Che sinonion
TerryHardacre
Tess-tickle
1302SB
dudishes
kiltless highlander

have I forgotten any?

[nestoframpers] 18/5/2019 20:42

The writer Philip Waller, Dow Jones Newswires misunderstands what the Chinese thought was too high.


"The report also appears to question a threshold used in a previous assessment of reserves at Shaikan to determine the level of rock porosity at which oil recovery would be viable, saying it is too high."



The report actually said that the CPR cut off's were too high , thus writing off much of the field as was pointed out at the time by many posters.


oil_investor11 Mar '18 - 23:41 - 559768 of 559777
0 7 3
nestoframpers: lifeson references the “layers of conservatism”.

These can be teased-out of the CPR through close reading of the method and assumptions. In no particular order, factors which have been seen by some as “issues” are as follows:

* Formation thickness. This seems to be an apparent issue in the Sargelu and has been commented upon in detail ages ago

* Total Porosity (Primary Fracture Porosity + Secondary Fracture Porosity + Matrix Porosity)

* Cut-off (the Porosity level below which the section of Reservoir is not considered to be suitable for inclusion in the volumetrics)

* the exclusion of Fracture System Oil in those parts of the formations which have Total Porosities below the cut-off

* the fluid categorisation (Jon Ferrier publicly said on 1 January 2015 that liquids have been incorrectly included as gas)

* the thermal gradient

* the water-in-the-fractures hypothesis (which has never been proved and which was disputed by GKP after being introduced by ERC Equipoise at a late stage of the CPR, as ERCE said)

* the Cretaceous flanks (always excluded, but reportedly significant)

* the depth conversions (a highly specialised area)

* the Recovery Factors

Hopefully that gives a rough idea.

[nestoframpers] 18/5/2019 20:34

SP started to rise in Nov without .

[withoutt] 18/5/2019 19:15

Chinese looking at us again.
hxxp://www.iraqnow.news/TopArticles/37503

[cpap man] 18/5/2019 16:11

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[bigdog5] 18/5/2019 14:53

That's always been the clueless ones problems, believing in the wrong posters BS whilst being oblivious as to the big picture and the facts. That's the real facts not the ones that have served those that have vested interests.

Two thirds through May and only one work over to show for all the hyped plans that shareholders have been fed since the great wipe out of 2016. Almost three years on and one work over.

Posters salivated when a Guru convinced them that getting to 55k a day would be "easy cheap and fast". Nearly 10 years on from S1.

Isn't this just a prime example of a revolving BoD taking shareholders for suckers whilst they trough on huge salaries and bonuses?

[stockport loser] 18/5/2019 10:14

Oh yes we forgot, ignore what the CPR says, industry speialists and the company, listen to the bricklayer.

[nestoframpers] 18/5/2019 08:36

Lol I have the trolls filtered but having read that it just shows you how thick they are. 55 mill blls produced negligible reduction in field pressure and the FP is GKP say 0.7% ( granite ) yet there is a tidal effect , so thick they can't join the dots.

[frenchybannedme] 17/5/2019 21:47

Er, that would be a 6 bagger from the Open Offer and Excess at 83p.

Have you seen the chart?


(It's a hell of a start, it could be made into a monster if we all pull together as a team)





stockport loser
17 May '19 - 10:53 - 586287 of 586306


So about 315m barrels to Gkp, even at the toppy $8 a barrel that gives a market cap of circa £8.30.But given they are no where near that production yet or financed it, you are looking £4/5 tops at moment, a one bagger.

[bigdog5] 17/5/2019 21:35

I note that roverloser has popped in. Is he venting his anger at the Guru(s) that he feverishly supported and trusted whilst watching his investment disappear? The share price is such a long way from his breakeven of £200ps.

[mcfly02] 17/5/2019 20:12

Paul desperately needs someone to play with on the LSE 😂

Looks like he's looking at his losses at the bottom of a bottle again.

Can David play as well ???

Two men of such influence 😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;

[shortsqueezer] 17/5/2019 18:18

I think you speak for all of us there Roverite! Spot on !

[roverite12] 17/5/2019 17:12

Bigdog5
16 May '19 - 22:03 - 586275 of 586300

The distressed one is above you and all those that cling to his BS.

Ten years on and little progress. Even the Guru has given up on this farce and con.



----------------





But ten years and TWENTY TWO THOUSAND , SEVEN HUNDRED AND FIFTY THREE posts later , you're still here , Dog5hite . Despite selling out at a 99% loss three years ago !


So what does that say about you Dog5hite , you simpleton ? Still here alongside the infant Oilyman and the "I used to be someone" Broadfraudster posting every day ten years on .....

What a waste of life you all are .....

[mcfly02] 17/5/2019 16:19

Another week and funnily enough no takeover or earth shattering news 😱

Real news only comes with a GoatCam 🐐🎥®