Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 17/8/2019 18:44

Talking of companies I wonder if all the hyped failed plans are about to change again.

[0ili0] 17/8/2019 16:55

Talking of companies, one wonders why the Land Rover parts company was put into the name of someone they're obsessed with. Why? Is there something to hide? Utterly bizarre people.

[chinese_takeaway] 17/8/2019 16:42

Old news from 2013 but brings a smile.

[chinese_takeaway] 17/8/2019 16:42

Just a reminder.This has been posted before but worth a reread.13/12/2018 12:35pmDow Jones NewsBy Philip WallerChinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones NewswiresExperts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."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.A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.Write to Philip Waller at [e-mail]

[chinese_takeaway] 17/8/2019 16:33

Well we just have to wait to find out.Not very long though in my opinion!

[steephill cove] 17/8/2019 16:28

Especially when the Chinese coming knocking...Felix Resources (FLX)

[steephill cove] 17/8/2019 16:27

Chinese I agree & it will be far bigger than most believe...Seen it several times before on a World Class Asset...

[chinese_takeaway] 17/8/2019 16:15

Just a reminder.This has been posted before but worth a reread.13/12/2018 12:35pmDow Jones NewsBy Philip WallerChinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones NewswiresExperts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."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.A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.Write to Philip Waller at [e-mail]

[chinese_takeaway] 17/8/2019 16:14

Whose interested in characters Steephill ???Just how much they sold it for my interest!Goodnight Charlie replying to BarondaytradingRather than spot the cash flow, CNPC, etc will have spotted Shaikan.😊The last land based giant oil field on Earth, with ultra low lift costs still in independent hands.Yes when it "goes" it will go very bigAs it's SOLD TBA

[chinese_takeaway] 17/8/2019 16:13

Goodnight Charlie replying to BarondaytradingRather than spot the cash flow, CNPC, etc will have spotted Shaikan.😊The last land based giant oil field on Earth, with ultra low lift costs still in independent hands.Yes when it "goes" it will go very bigAs it's SOLD TBA

[chinese_takeaway] 17/8/2019 16:12

Old news from 2013 but brings a smile.

[mcfly02] 17/8/2019 16:11

That's what you'd like to think 🤡

When in actual fact he is of zero significance !

Now which one of the Directors said that ???

[steephill cove] 17/8/2019 15:53

As for the Robert character you mention, its very clear for all to see that he has rattled your cage big style...

[steephill cove] 17/8/2019 15:51

The closest I came to a family Laundry business was playing Wishee Washee in a school pantomime...Once again your boots on the ground leaves a lot to be desired.

[chinese_takeaway] 17/8/2019 14:57

Old news from 2013 but brings a smile.

[chinese_takeaway] 17/8/2019 14:56

Goodnight Charlie replying to BarondaytradingRather than spot the cash flow, CNPC, etc will have spotted Shaikan.😊The last land based giant oil field on Earth, with ultra low lift costs still in independent hands.Yes when it "goes" it will go very bigAs it's SOLD TBA

[nestoframpers] 17/8/2019 14:43

$2 bill for 184 mill blls in the KRI , means $10 bill for every bill blls . Suppose Shaikan at 80% to GKP has 3 bill blls .

We know FP can't be 0.7% and that --

eddie47 24 Oct'15 - 10:21 - 451810 of 451824 6 2

I now see why the slides weren't released. It was because the month before, in March 2014, John Stafford stated at the CPR presentation that for every 0.2% increase in fracture porosity, over the quoted 0.4%, there would be an extra 800m barrels of reserves. The 1995 fractures over 314 meters of core is the key.

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

So a very conservative 3 bill to GKP give $30 bill or $134 a share, Hero's £100 a share is very conservative IMO.

[mcfly02] 17/8/2019 14:39

This is also how easy it is to set yourself up as a company director for a Monday morning meeting.

Again this is what Robert Waterhouse did. So for under £500 quid he became a company director and the Lord of the Manor.

Now look at the rest of his CV and you can't help thinking little man syndrome.


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[mcfly02] 17/8/2019 14:29

This is what Robert Waterhouse did And put it on his CV.

Is buying a title for £195 ever worth it? I'm Lord Toby - and I want an upgrade
By TOBY WALNE FOR THE MAIL ON SUNDAY
UPDATED: 09:52, 25 July 2011

2
View comments
Just how easy is it to buy a title? And once you've got one, do you get better deals from shops, banks, hotels and airlines?

Who better to ask than LORD TOBY WALNE (until last Tuesday plain old Financial Mail reporter Toby Walne).

In the first of a two-part report on this apparently booming industry, 'his lordship' looks at where titles can be bought, how much they cost and - crucially - whether they are legitimate.

A random email from elitetitles.co.uk caught my eye with the advert: 'How to Get Royalty Treatment - Even Called Lord or Lady - Everywhere You Go!'

Yes, even I, with not a drop of blue in my blood, could buy a title for just £195, apparently quite legitimately.

WRITER TOBY WALNE
Young pretender: 'Lord' Toby Walne paid £195 for his title


The promotion made much of the financial benefits that would flow my way. As soon as my title was observed by people, went the argument, I would have 'red carpet' treatment - everything from private banking, flight upgrades and the best seats at restaurants and theatres to 'complimentary champagne' whenever I stayed at a hotel.

The online application was simple. I could choose a modest lordship from a range of titles that included baron, duke, earl, or viscount. All would cost the same.

The sales literature promised this 'life-changing title IS legal' and could be added to my passport, a driving licence, bank account and credit cards.

I became my new, ennobled self through Elite Titles, but I soon discovered I could have become a lord from one of dozens of websites selling similar titles. But here it gets murky. Titles for sale online start from as little as £18.95 from outfits such as Lord Titles (lordtitles.co.uk). But services that seem similar can cost thousands of pounds.

A LORDSHIP
The deed is done: Scroll clown

Elite, for example, offers 'seated titles' from £995 that are connected to a piece of land - in this case a plot just 8ins by 8ins.

The application for my £195 budget version took minutes and I was promised that within five working days my application would be 'reviewed' and a title posted to me if it was deemed I could be ennobled.

The certificate, if that is what it could be called, duly arrived, with a bit of red ribbon and a few stamps of gold foil. 'Title deed of the most honourable and noble Lord Tobias Walne,' it said. The accompanying letter was signed, very gratifyingly: 'I remain, Lord Walne, Your Lordship's most obedient Servant, Andrew Bulpin.'

But did the paperwork mean anything at all? Apparently not.

I asked Robert Smith, chairman of the Manorial Society, which auctions authentic titles, what he thought of my purchase. 'What you have bought is just a fancy piece of paper - nothing but a change of name that you could have done with a solicitor for just £25,' he said. 'You are still Mr Walne and if you change your name in the way this paperwork suggests, you would be nothing other than Mr Lord T Walne.

'This is not the same as a Lordship of a Manor, enshrined in English law as incorporeal hereditament - property without body. You can call yourself whatever you want as long as you are not defrauding people through its use.'

I asked Charles Kidd, editor of Debrett's Peerage & Baronetage whether my new title merited a place in the prestigious book. Plain Mr Kidd said: 'Sorry, if you come to us with that sort of title there is only one place your details will be placed - and that is not in the book.

'The ''lordship'' you have purchased cannot be used on any legal document. You are actually tarnishing the name of an authentic title and putting it into disrepute.'

What of Elite Titles and Andrew Bulpin, who claimed to be my most obedient servant? The business

operates from the postal address of a photocopying shop in Newton Abbot, Devon. Bulpin, 47, says: 'We are positioned at the fun end of the market. If you want to change your title to lord, it is perfectly legal. And if others choose to give you benefits because of the title, that is their prerogative.'

King's ransom: Perks of the real thing

Lordships had been around for centuries but it wasn't until the arrival of William the Conqueror in 1066 that they became big business.

William handed them out to his followers and by the time the Domesday Book was commissioned in 1086 there were at least 13,000 titles.

Modern title sales were enabled by the 1922 Law of Property Act, which dispensed with the vestiges of feudal tenure but sometimes kept a few ancient rights, such as holding markets, fishing and choosing the vicar. It also allowed investors to purchase a title without buying land.

The Manorial Society is a leading auctioneer of authentic titles in Britain. They start at about £5,000 but can cost six figures. One of the biggest sales in recent years was the sale of the Lordship of the Manor of Wimbledon by Earl

Spencer in 1996, for which he pocketed £171,000.

Robert Smith of the Manorial Society says he does not believe titles should be viewed as investments, but accepts they can increase in value. He also points to the perks a title can offer such as fishing and mining rights and the prestige it may bring in business and private life.

'Buying a title can prove personally fulfilling, but there are fraudsters out there,' he says. 'If you are going to buy, always use a solicitor to validate the title you are interested in.'

In coming weeks, Lord Toby Walne will test whether his new title gives him the red carpet treatment, at home and abroad. Read his findings next month.

[beernut] 17/8/2019 14:09

Goodnight Charlie replying to Barondaytrading

Rather than spot the cash flow, CNPC, etc will have spotted Shaikan.😊
The last land based giant oil field on Earth, with ultra low lift costs still in independent hands.
Yes when it "goes" it will go very big
As it's SOLD TBA

[chinese_takeaway] 17/8/2019 12:46

Old news from 2013 but brings a smile.

[chinese_takeaway] 17/8/2019 12:46

Just a reminder.This has been posted before but worth a reread.13/12/2018 12:35pmDow Jones NewsBy Philip WallerChinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones NewswiresExperts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."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.A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.Write to Philip Waller at [e-mail]