Gulf Keystone Petroleum Share Discussion Threads

[jackpotjack] 18/6/2020 13:14

How is it the share price is not going nuts if a takeover is so close...?If you know then others would know... volume is really low so doesn't indicate people buying into a TO just round the corner.

[steephill cove] 18/6/2020 13:13

McFly:- What's written comes from collective GoatCam conversations from very inplace and informed people who I have unrestricted access to at a moments notice.Comedy Gold.For clarification:- He has access to...GKP lavatory attendant & cleaner.

[urals] 18/6/2020 13:06

Agree Thick TonyNo the AGM is tomorrow.rubber stamping as votes will be known already, proxies through to Computershare yesterday latest. Didn't bother voting myself.If the sale isn't announced, I would expect another buyback to Treasury as its the most profitable thing to do pre Sale.However if no cancellation of any of the existing Treasury stock, expect a hostile bid, as without cancellation, it must be being used as a hostile takeover protection.

[urals] 18/6/2020 13:06

SALE could be ANNOUNCED THIS FRIDAY soon AFTER imo as the LTIP resolution needs formal AGM sanction first, but its days away perhaps weeks certainly not months TOP 4 shareholders have in past 6 weeks ADDED :Astaris Capital now hold 34,669,058 +5.5MLansdowne Partners hold 32,544,316 + 3M Hof Hoorneman hold 17,839,450 +2.5M UBS Group 10,013,636 +600K

[mcfly02] 18/6/2020 13:03

David 🤡

You know I'm not Sarah and she sold up and walked away because of so many red flags a very long time ago.

So it's just me 😃

What's written comes from collective GoatCam conversations from very inplace and informed people who I have unrestricted access to at a moments notice.

[0ili0] 18/6/2020 12:57

Sarahthecagain02, who is writing this nonsense for you - The Minotaur? lol

[mcfly02] 18/6/2020 12:51

David 🤡

There is ZERO INTEREST IN THIS COMPANY !

Rig down !

Drilling stopped !

I think you've over estimated the skills of the type of people on the drilling team 😱

They have also left.

[0ili0] 18/6/2020 12:46

So can I mcfly02, by a Chinese company.

[mcfly02] 18/6/2020 12:44

No David 🤡

Due to bad well contingency planning it can only produce around 4K !

Reaching 55k is a very very long way off.

And as Habscam pointed out to you the wells are failing and are going to need considerable work done to them to bring them back up if they can and that's going to take lots of time.

I can see the operatership being taken away from them.

[mcfly02] 18/6/2020 12:38

Good Afternoon Jamie 😃

We both know all to well the issues they have with that field and it's interesting the way they keep that carrot dangling in front of the donkeys with the choice of words.

Should be another report later today.

[0ili0] 18/6/2020 12:37

SarahOilman63cutthecagainmcfly02, now you say SH-9 could produce 6k to 7k bopd. So achieving 55k bopd at Shaikan is no problem, is it? You're nuts.

[chinese_takeover] 18/6/2020 12:35

SALE could be ANNOUNCED THIS FRIDAY soon AFTER imo as the LTIP resolution needs formal AGM sanction first, but its days away perhaps weeks certainly not months TOP 4 shareholders have in past 6 weeks ADDED :Astaris Capital now hold 34,669,058 +5.5MLansdowne Partners hold 32,544,316 + 3M Hof Hoorneman hold 17,839,450 +2.5M UBS Group 10,013,636 +600K

[chinese_takeover] 18/6/2020 12:34

Agree Thick TonyNo the AGM is tomorrow.rubber stamping as votes will be known already, proxies through to Computershare yesterday latest. Didn't bother voting myself.If the sale isn't announced, I would expect another buyback to Treasury as its the most profitable thing to do pre Sale.However if no cancellation of any of the existing Treasury stock, expect a hostile bid, as without cancellation, it must be being used as a hostile takeover protection.

[chinese_takeover] 18/6/2020 12:34

Wasn’t it a big consortium that bought Kashagan as it was too big for 1 company 🙂GlaYes : AGIP/SHELL/TOTAL and a few others I cant remember. Kashagan was to deliver 450kbbls a day , not too far from earlier GKP forecasts of 400kbbls a day. Incidentally Kashagan had H2S levels approaching 30% and a weather gradient of +40C in summer to-40C in winter.

[mcfly02] 18/6/2020 12:25

Habscam 🤡

I know it's what you like to think but I assure you no doors have been closed to me.

What you really are trying to do is change the subject and discredit me lol.

Good luck with that 😂


Let's try and pin down this DRY OIL statement.

Has there ever been any type of water tested or seen out of the well bores ???

You would normally use chokes to control water production so can you tell me why certain wells that are connected to PF2 are currently choked ???

You have released pressure graphs showing the decline in field pressure so why the need for chokes ???

Do any of your partners have in their possession reports and tests that contradict your dry oil statements ???

And if they did would those reports identify certain wells connected to PF2 ???

Can you tell me what the split in production between the two PF units is ???

Can you explain why PF2 is producing so little compared to PF1 ???

With regards to SH9, looking back at the previous drills and the history of having to do sidetracks, why didn't you factor in to the drill plan the possibility of losing a case size due to a possible sidetrack ???

Am I right in thinking you now have a well only capable of producing around 4K when in actual fact with better planning and better case sizing and also due to the location it could of been producing 6 to 7k ???

Can you explain why you didn't attempt to do workovers on any of the PF2 connected wells while you had the workover rig or are you waiting to fit pumps ???

Can you explain what the delay in fitting the pumps was before shutdown ???

With all of the above what can you say to investors and your partners to give them confidence that you are not going to balls up with the Triassic campaign ???

Have you put in a planning application to London council to start flaring useless and selective gas from the London office ???

More later 🤔

[highlander7] 18/6/2020 12:14

" I'll laugh at each and every one of the city dregs when GKP achieves fair value"

Start laughing now XOM because it would appear they now have an inkling of whats coming - hence the torrent of rants and rubbish.


LOL

[highlander7] 18/6/2020 12:01

Wasn’t it a big consortium that bought Kashagan as it was too big for 1 company 🙂
Gla

Yes : AGIP/SHELL/TOTAL and a few others I cant remember. Kashagan was to deliver 450kbbls a day , not too far from earlier GKP forecasts of 400kbbls a day. Incidentally Kashagan had H2S levels approaching 30% and a weather gradient of +40C in summer to-40C in winter.

[chinese_takeover] 18/6/2020 11:41

It would certainly make sense beernut

[j0sekl] 18/6/2020 11:35

Which Muppet with a capital M claims Shaikan has been all dry oil?

[beernut] 18/6/2020 11:31

A consortium always been likely
Posted by Chazzreinhold on Lse

Wasn’t it a big consortium that bought Kashagan as it was too big for 1 company 🙂
Gla

[chinese_takeover] 18/6/2020 11:26

Agree Thick TonyNo the AGM is tomorrow.rubber stamping as votes will be known already, proxies through to Computershare yesterday latest. Didn't bother voting myself.If the sale isn't announced, I would expect another buyback to Treasury as its the most profitable thing to do pre Sale.However if no cancellation of any of the existing Treasury stock, expect a hostile bid, as without cancellation, it must be being used as a hostile takeover protection.

[chinese_takeover] 18/6/2020 11:26

A consortium always been likelyPosted by Chazzreinhold on LseObservation re. ACG Oilfield comparison - 13 Billion OIP , 135km 2 surface areaToday 10:489 different Owners in the ACG development consortium.Are the various Insti holders in GKP acting for would be consortia partners ? fighting for percentage ownership by building % stakes ?Is this what the relentless bitter battle of the bulletin boards has been about since 2012 ?Each Institution trying to up their percentage ?what did Kozel say ? why should small shareholders be squeezed out ?The AIOC (AzerbaijanInternational Oil Company) consortium, made of 10 different oil companies,from 6 different countries agreed the Production Sharing Agreement (PSA)terms with Azerbaijan in December, 1994. The PSA term is for 30 years atwhich time the field will revert back to Azerbaijan. BP operates the field onbehalf of the shareholders which include the following companies: BP34.14%, UNOCAL 10.28%, SOCAR 10%, LUKOIL 10%, Statoil 8.56%,ExxonMobil 8%, TPAO 6.75%, Devon 5.63%, Itochu 3.92% and Delta Hess2.72%.Excerpt from Doc below"The ACG structure covers approximately 135 square kilometres and has hada two phases of appraisal. The State Oil Company of Azerbaijan Republic(SOCAR) drilled 8 appraisal wells from 1982 ñ 1991 within the PSA boundary.AIOC has drilled a total of 5 appraisal wells and 4 sidetracks to date. Inaddition, the Chirag sector of the field has 15 development wells and hasbeen on production since 1997. Chirag is currently producing ~ 125,000 bopd"hxxp://www.searchanddiscovery.com/pdfz/abstracts/pdf/2002/annual/EXTENDED/ndx_44667.pdf.htmlfrom WikipediaShaikan was declared a commercial discovery on August 1, 2012 following a five-well appraisal program.[12] In June 2013, the Field Development Plan was approved[4] and in December 2013 crude oil exports from the Shaikan field commenced.[3] Initially independent estimates placed the gross oil-in-place (OIP) volume at 13.7 billion barrels (P50) potentially making it one of the largest oilfields discovered in Iraqi Kurdistan.The oilfield covers an area of some 130 to 150 square kilometres (50 to 58 sq mi)

[broadford bay] 18/6/2020 11:22

Good morning mac,

the formulations currently being remarked upon ("no water breakthrough") have been carefully chosen by the CEO.

The AAPG (American Association of Petroleum Geologists) defines breakthrough as follows:
"Water breakthrough is defined as UNCONTROLLABLE WATER PRODUCTION of a well due to changes in reservoir or completion parameters affecting significantly the oil production performance of the well."
(CAPS are mine)

What has been stated by the company is NOT the same as saying there is no water production. There is water being produced, and the volumes are increasing - leading to throttling back of certain formation flows; it is certainly not uncontrollable at the moment therefore it should not be called water breakthrough.
The decision not to fit additional ESPs has to do with this particular issue.