Gulf Keystone Petroleum Share Discussion Threads

[1712notout] 16/12/2016 16:05

Buy

And

Hold

All the best

🚀🚀🚀🚀8640;🚀

[2jester] 16/12/2016 15:57

Saw this on eyeyeye and thought some posters might like to discuss.


"I don't think most of here are only worried about the Directors' greed, it is also their integrity."

[ny boy] 16/12/2016 15:40

News pre-Christmas, I think good cheer for all the new wave of savvy buyers. I don't think many want to start kicking themselves when this takes off, ignore the noise 510p is resistance, that is the short term target price for the bulls.

[quidzinn] 16/12/2016 15:40

Sinopec offer price will be circa £1.30 per share.

This equates to the £300 million agreed valuation between Mustafa Barzani and Mao Zedong.

Q

[oil_investor] 16/12/2016 15:39

GKPhero: John Stafford describes Shaikan here, in 2010, as a SUPERGIANT. The numbers rose very significantly during the following two or three years. His co-authors include Adnan Samarrai and Chris Garrett.

.....................................................

Exploring Shaikan: early evaluation of a billion barrel supergiant field in Kurdistan

The Kurdistan region has seen a rush of exploration activity in recent years with over 30 companies operating in what many believe to be one of the last remaining frontier hydrocarbon provinces. It forms the north-western margin of the Zagros fold belt, which has seen prolific production from fields in Turkey, Iraq and Iran. Antiforms and synforms are readily interpreted from satellite imagery, but access to the region was restricted for geopolitical reasons.

The Shaikan prospect is a doubly-plunging antiform lying 85 km northwest of Erbil near Dohuk. Pre-drill indications for oil were strong. A limestone outcrop to the north and west of the structure bleeds oil, which occurs within fractures and vugs. Field reconnaissance mapping validates satellite image analysis, defining a structural closure extending around 35 km E-W and up to 6 km N-S. Interpretation of 2D seismic suggests the presence of a compressional, possibly flower structure, with reverse faults bisecting the north and south limbs.

A single well has been drilled on the crest of the Shaikan structure. The well, completed in November 2009 was a significant discovery. It encountered Cretaceous, Jurassic and Triassic hydrocarbon reservoirs with a cumulative net pay of circa 250 metres of oil in multiple reservoirs. The well was TD’d early at 2950m in the Triassic due to an influx of high pressure gas thus the full extent of the hydrocarbon accumulation is not yet fully determined.

Microresistivity image logs were gathered through much of the well section to supplement conventional petrophysical logs, and core was cut in two limited intervals of the Jurassic Mus and Triassic Kurre Chine Formations. Five drill stem tests were conducted and confirm oil flow of up to 7480 BOPD from the Jurassic.

Borehole image log and core description results provide some insight into the subsurface structure, some at variance with initial expectations, particularly the fact that fractures are not simply orientated with respect to flexure:

Overall structural orientation differs little with depth.
Whilst surface structure has a strong E-W grain, fractures picked from images and goniometry tend to strike N-S to NNE-SSW, across the antiform hinge. The majority of fractures are conductive and occur in clusters with depth, some of which coincide with mud loss events, suggesting they have aperture. Ten faults were inferred. Most strike NNE-SSW; only one E-W striking fault was interpreted.
Structural core logging reveals that fractures are commonly steep, layer-bound and discontinuous. Residual hydrocarbon coats fracture apertures. Fractures appear to be of several generations. They individually have limited porosity, but form a connected network.
Stylolites are seen in core and borehole images, where they appear as highly conductive ‘beds’. More than one generation is present, but bed-parallel stylolites are the more common type. They are predicted to reduce vertical fluid connectivity, although stylolite associated fractures are observed that may improve layer parallel flow.
Drilling-induced tension fractures are seen in the borehole images, striking N-S to NNE-SSW. This is subparallel to many of the conductive fractures, suggesting that they could be stress-sensitive and may be enhanced, leading to better drainage.
In addition to detailed structural information the core yielded important sedimentological information:

The Jurassic core comprises a cyclic carbonate succession of laminated lime mudstones (locally dolomitized), bioturbated and bioclastic lime mudstones (mainly undolomitized), intraclastic packstones, in-situ breccia zones and thin detrital shale laminae. The depositional setting envisaged is a shallow, sheltered marine environment, possibly a lagoon or peritidal setting. The rapid variations of lithology and thin units may indicate limited accommodation space and frequent cyclic relative sea-level fluctuations.
An anhydrite succession in the deeper Triassic core appears to be a replacement phase of precursor carbonate or carbonate-evaporite rocks. Relict grains and ‘ghosts’ of bioclasts and burrows are evident in replacive anhydrite after carbonate lithologies. Planar, disrupted or ptygmatically folded layers occur within laminated anhydrite intervals. This rock type may be a replacement of sabkha deposits of gypsum, anhydrite, limestone and dolomite.

STAFFORD, J., SAMARRAI, A, GARETT, C., STYLES, A., McGARVA, R, FLEMING, M.J., MURRAY, A. and BUCK, S. 2010

[oilman63] 16/12/2016 15:38

Does anybody remember how M&G got rid of there shares ???

I did tell you.

[sux_2bu] 16/12/2016 15:38

Is it going back to 1p again.

Sell.

[gkphero] 16/12/2016 15:28

"Sinopec: Acquisition Of Gulf Keystone Petroleum Underway.
The Chinese are in discussions with the advisors about the acquisition of Kurdish energy company"

[gkphero] 16/12/2016 15:26

Holding, yes I'm holding, holding for a 20 bagger.

[gkphero] 16/12/2016 15:25

"Back in the pennies in 2017 Im afraid."


With only 200k shares in issue, the market cap would be rather low, Fake.
GKP will be gone by Easter 2017 for at least £5 billion.

Watch and learn.

[gkphero] 16/12/2016 15:15

Sinopec and the US majors are after GKP.

A bidding war is about to break out, it seems.

[gkphero] 16/12/2016 15:00

It's a bidding war, Mr Roper.

£50 per share is the outcome for us.

[mr roper] 16/12/2016 14:59

get ready, JB. next week's rumour is XOM

[gkphero] 16/12/2016 14:57

What was this weeks rumour?

[phillis] 16/12/2016 14:57

well that's this weeks rumour put firmly to bed

[gkphero] 16/12/2016 14:50

Fill yer boots here.

[quidzinn] 16/12/2016 14:48

Rumour and reality of t/o by a Chinese Co. - look at Sepura

[gkphero] 16/12/2016 14:46

Why did Bloomberg report the news?

[joemillion] 16/12/2016 14:45

Topped up at 132.80 with 10k. Next year will see a massive turnaround..

[gkphero] 16/12/2016 14:40

Holding,
I'm holding,
Holding for £25 per share............