Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 04/12/2020 16:34

Now there's a c&h.

[shortsqueezer] 04/12/2020 16:33

97's being paid. As I said on another board : a quid on Monday

[shortsqueezer] 04/12/2020 16:18

Creeping up into the close.

[pensioner2] 04/12/2020 16:13

Where is that rocket? It might be needed for this last 1/4 hr.

[k4n4k] 04/12/2020 15:58

Could be a big UT today. Gut feeling.

[habshan] 04/12/2020 15:56

"Did you note that I said that there definitely wouldn't be an RNS today"

As I said Sarah you always did specialise in statements of the bleeding obvious.

Was that in your latest goatcam report.

Is that the sort of bang up to the minute intelligence you charge your subscribers for.

It doesn't say much about your customers does it Sarah if that's the sort of thing that impresses them.

And it won't earn you any brownie points on this board.

It all paints a picture of you being a total moron in fact.

[mcfly02] 04/12/2020 15:31

You mean the company has failed to maintain the wells over ten years and allowed production to fall ???

And you think this is good do you lol.

Best invest some more money then 😂😂🤡

Habscam🤡 Did you note that I said that there definitely wouldn't be an RNS today 😂

[habshan] 04/12/2020 15:22

"as new wells get drilled its not a question of adding the new production number onto what they're already producing. Some wells actually decline therefore the total doesn't rise by the addition produced by the new well."

You and Sarah always have specialised in statements of the bleeding obvious haven't you Bigdog.

That decline that I'm pleased to see you now acknowledge is why oil wells need constant maintenance and is why the field output fell to 32kbpd.

THOSE WELLS HADN'T BEEN MAINTAINED IN 10 YEARS BIGDOG.

That's why cleaning them up and working them over DOUBLED the output from wells 1&2.

That decline is now being reversed by the workover programme.

[urals] 04/12/2020 15:11

Quick refresher from the old times

[urals] 04/12/2020 15:10

#GKPSoldAnd the chart thinks so too :)Going to need a log scale Y axis ;)))) https://t.co/mbcTGiWVwb

[urals] 04/12/2020 15:10

Total deal implies a metric minimum of $8/boe.....RE: Total Said to Be in Talks to Sell Stake in Kurdistan Oil FieldToday 13:57Well that's $8/boe what MOL value s it's Shaikan reserves at.Of course cheaper because minority non operator.Even at that discounted metrics GKP 660( 2p and 2c) = at least £20Nobody should be the slightest surprised when they announce a double figure TAKEOVER

[bigdog5] 04/12/2020 15:07

They were never going to reach their target of 55k a day this year. They still won't.

What hab SHAM and highlander7fraud don't understand is that as new wells get drilled its not a question of adding the new production number onto what they're already producing. Some wells actually decline therefore the total doesn't rise by the addition produced by the new well. Its nothing to do with needing workovers either. I hope that's a clear enough explanation even for those two clowns before they pump out more BS and excuses as is they're usual go to.

Happy to help the "in the Industry BS merchants".

You're very welcome:-)

[habshan] 04/12/2020 14:41

JackPotJack - "so far you have said there is well decline and so far all that has been reported is a successful work over and more oil"

Take no notice of him Jack, he's totally unqualified to have an opinion one way or the other.

He's an ex refurbisher of old Land Rover parts who hasn't an Oil & Gas qualification to his name has never worked a day in the industry and tells us that he just believes what he's told without question.

This is what his goatcam network told him about Shaikan-12:-

(609112) 30th June - "SH12 is only expected to produce 4K."

Shaikan-12 is now producing in excess of 5,000bpd.

When Sh-1 and Sh-3 were worked over last year for the first time in 10 years their output doubled and the workovers to the other original wells which have also never been worked over will produce similar results.

At the time of the lockdown Sh-9 was undergoing final commissioning as a producer and we were told a couple of weeks ago that that work is now underway again, so the well will be onstream soon, possibly before the next update later this month in which case we'll see a further uplift in production to over 40kbpd unless the workover rig that was working on sh-12 has been moved to another of the original wells in which case that well will be shut down.

The key now for the 55kbpd target is to get the DQE rig back to work and finish Sh-13 then drill the last well from the same pad.

If it hadn't been for the virus we'd have been producing 55kbpd back in June.

[officerdigby] 04/12/2020 14:28

Yes agree so many sells but holdings never change.Or go up...Go figure.Is the answer in footnotes to Goatcam?

[urals] 04/12/2020 14:20

Total deal implies a metric minimum of $8/boe.....RE: Total Said to Be in Talks to Sell Stake in Kurdistan Oil FieldToday 13:57Well that's $8/boe what MOL value s it's Shaikan reserves at.Of course cheaper because minority non operator.Even at that discounted metrics GKP 660( 2p and 2c) = at least £20Nobody should be the slightest surprised when they announce a double figure TAKEOVER

[urals] 04/12/2020 14:20

#GKPSoldAnd the chart thinks so too :)Going to need a log scale Y axis ;)))) https://t.co/mbcTGiWVwb

[urals] 04/12/2020 14:20

LSE£15Today 13:24Minimum(Maximum?Even at M AND A average deal metric of $14 /boe then £40And Shaikan is anything but average )on impending very imminent TAKEOVER

[urals] 04/12/2020 14:20

Quick refresher from the old times

[mcfly02] 04/12/2020 14:19

Now how long ago did I tell you about someone pulling out of Kurdistan ???

Total going 😃

Total has owned its interest in the Sarsang block since it purchased A.P. Moller-Maersk A/S’s oil and gas unit for $7.45 billion, a deal that completed in 2018. The development is operated by Dallas-based HKN Energy Ltd., with Total and the Kurdistan Regional Government the other stakeholders. It holds more than 350 million barrels of reserves, according to a Wood Mackenzie report.'

[urals] 04/12/2020 14:14

Total deal implies a metric minimum of $8/boe.....RE: Total Said to Be in Talks to Sell Stake in Kurdistan Oil FieldToday 13:57Well that's $8/boe what MOL value s it's Shaikan reserves at.Of course cheaper because minority non operator.Even at that discounted metrics GKP 660( 2p and 2c) = at least £20Nobody should be the slightest surprised when they announce a double figure TAKEOVER

[urals] 04/12/2020 13:28

#GKPSoldAnd the chart thinks so too :)Going to need a log scale Y axis ;)))) https://t.co/mbcTGiWVwb

[urals] 04/12/2020 13:27

LSE£15Today 13:24Minimum(Maximum?Even at M AND A average deal metric of $14 /boe then £40And Shaikan is anything but average )on impending very imminent TAKEOVER

[urals] 04/12/2020 13:26

Quick refresher from the old times

[mcfly02] 04/12/2020 13:24

Jack,

Don't worry I'm not offend.

The information and evidence of well decline is there for all to see and it's nothing to do with workovers.

Look at what the company was producing years ago and the only way they can maintain and increase production is to drill new wells. Look at when they first announced SH12 they were at around 44k and they are producing now ???
What's happened to the missing 4K ???

I know exactly what and why.