Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 19/8/2019 07:21

2nd part of Dividend to be detailed then.

[shortsqueezer] 19/8/2019 07:08

So. Half year results 10th September then.

[pensioner2] 19/8/2019 07:08

RNS Number : 4063J

Gulf Keystone Petroleum Ltd.

19 August 2019

19 August 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Notice of Half Year Results

Gulf Keystone confirms today that the Company's half year results for the period ended 30 June 2019 will be announced on Tuesday 10 September 2019.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

[beernut] 19/8/2019 06:16

Top delegation from KRG to visit Baghdad soon, Kurdistan lawmaker says
Hiwa Shilani Hiwa Shilani | 9 كات;ژم®2;ر لەم;ەو¦2;ێش
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Top delegation from KRG to visit Baghdad soon, Kurdistan lawmaker says
The Kurdistan flag flies alongside the Iraqi one. (Photo: Archive)
Kurdistan Iraq Erbil Baghdad A+AA-
ERBIL (Kurdistan 24) – A delegation from the Kurdistan Regional Government (KRG) is expected to visit Baghdad soon to discuss ongoing disputes with the Federal Government of Iraq, a Kurdish lawmaker said on Sunday.

Nizar Mala-Ghafar, a member of the Peshmerga Council in the Kurdistan Region’s Parliament, said both Baghdad and Erbil are “taking serious steps” to resolve differences surrounding oil, budget share, the Peshmerga, and Article 140 of the Iraqi Constitution on the status of disputed territories.

“The emphasis of the visit will be on the return of the Peshmerga forces to the disputed territories between Baghdad and the KRG, and also Article 140 of the Iraqi Constitution, since its implementation has been neglected,” Mala-Ghafar told Kurdistan 24.

Following the establishment of the KRG’s ninth cabinet, there have been ongoing talks between Kurdistan and Iraq on unresolved matters.

The autonomous Kurdish government has formed several technical committees to solve and reach a mutual agreement with their counterparts in Baghdad.

Hamza Kaka, a political observer, said the current political groundwork is helping both sides reach an agreement.

“However, there are still some Shia political sides who are against such agreements,” Kaka told Kurdistan 24. “With Kurdistan’s new senior officials, there is a bigger hope for the Kurdistan Region to resolve long-standing disputes with the government of Iraq.”

Oil revenues, disputed territories, and the federal budget are some of the remaining issues between Erbil and Baghdad.

Ties between the two governments have notably improved since the beginning of 2019, with the formation of a new federal government headed by Iraqi Prime Minister Adil Abdul Mahdi. The governments had fallen out of favor in the aftermath of the Kurdistan Region’s historic independence referendum in September 2017.

Editing by Karzan Sulaivany

(Additional reporting by Hoshmand Sadiq)

[nestoframpers] 18/8/2019 22:29

DGA website

[nestoframpers] 18/8/2019 22:28

This takes you back From p 27



TD Waterhouse 50,810,288 6.67%
M&G Investments 47,000,000 6.17%
Barclays Personal Investment
Management 41,948,918 5.50%
Gulf Keystone Petroleum LLC
40,000,000 5.25%
Capital Research &
Management Co.
39,362,382 5.16%
Halifax Share Dealing
36,642,748 4.81%
Gokana Trust
29,733,365 3.90%
Selftrade
25,335,227 3.32%

43% ish just there back in 2011

[nestoframpers] 18/8/2019 22:24

From 2010 EOY report

In January 2010, Dynamic Global Advisors
(“DGA”) announced the final evaluation
report on the Company’s first discovery,
Shaikan-1, which completed drilling in late
2009, with gross oil-in-place volumes of
1.9 (P90) to 4.2 (P50) to 7.4 (P10) billion
barrels.

Further upside is thought to be
possible from appraisal drilling if the
known oil bearing zones prove to be
larger or additional oil is present in as yet
untested deeper geological horizons.


The Shaikan-1 well had to stop drilling
at 2,950m measured depth due to high
pressure beyond the tolerance of the well
design. However, at this depth there was a
significant inflow of hydrocarbons into the
well bore. As yet this zone is untested and
is a target for future Shaikan wells.

[nestoframpers] 18/8/2019 22:12

Also mentioned in a Trevanan post -------------




page 11

One of the small sketches on the side shows actually the DGA's vision of a Regional Aquifer in the Shaikan, but you have to zoom in to see the right sharply.
Is there a Regional Aquifer in the Shaikan so learn to be active also in Atrush.

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

and later in the post

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


Food for thought:
When Simrit-3 found an oil-water-contact it took quite a while to test. The testing seemed to coincide with Atrush-3 doing a test BELOW the calculated FWL for Atrush and not surprisingly it tested water at that level. So, we have water being tested at Atrush and Simrit in the summer. In Atrush the old well Atrush-2 interestingly enough was designated as a monitoring well (that has since changed, it is now going to produce). Atrush-2 had its target depth just below the calculated FWL.

All of a sudden Shaikan is ordered to stop production between 4-19 September.

If anyone would like to test an aquifer, for instance with a tracer test, you can't have oil produced above the aquifer. Nobody has so far come forward and said why Shaikan production was stopped, except that it was ordered by the KRG.

Oh yes, Simrit-3 was finally completed as a "Produced Water Disposal Well", normally you try to use wells that sit on top of deep aquifers for that...

[nestoframpers] 18/8/2019 22:05

The DGA report is mentioned on page 4 here



But all traces of the presentation have vanished.

[nestoframpers] 18/8/2019 21:59

Amyone download the DGA presentation of Oct 2011 ? I had a link to it that no longer works and GKP webiste no longer has it on but has a refernce to it in the history bit -

2011
420% (P90) – 181% (P10) increase in gross oil-in-place estimates for the Shaikan discovery with a range of 8.0 billion (P90) to 13.4 billion (P10) barrels, by Dynamic Global Advisors

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

Here is a post in which BBBS states that in it the Ref connectivity to other blocks, this is what I remember about this presentation.

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

fairenough11 - 30 Nov 2011 - 08:24:31 - 133226 of 589355 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
Cheers BBBS iii
===============================================================================

Bah Bah Black Sheep View Profile Add to favourites Ignore



Date posted

today 08:21



Subject

Re: SPE Conf Report Part II GKP Q&A View parent message



Votes for this Posting





Message




The SPE Conference on 27th October 2011 included Presentations by both GKP and DGA. Errant Oilman63 (LOL, total respect sir) attended the Conference, and provided a wealth of feedbach for Gramacho to digest and explain. Gramacho duly posted Part I and Part II (covering GKP) on the KOEP BB in mid-November, with a committment to subsequently post Part III (covering DGA). As of this time, Gramacho has not yet posted Part III (either here or on KOEP). Which leaves me in a bit of a quandary, because I am already feeling a bit bad for perhaps pre-empting that Part III with the below post that I made on KOEP on 17th November in reply to Gramacho's Part II post.

The above background is provided to help me rationalise the sequence of events following my reply to Gramacho on KOEP, which included a request that the SPE feedback posts be made available on the GKP BB. I hope I have understood the situation correctly Gram, and apologise again if I seem to be pre-empting your Part III post once more; this is definitely not my intention, and I look forward to your Part III with great anticipation.

I totally agree with, and thank Gram for seeking GKP's own view about the publication of these posts in the public domain. The material presented at Industry Conferences, e.g. SPE, SPWLA, is often viewed as being for the consumption of attendees only - the reason being that the Conference organisers hope that the presenters will not be restricted by the formal release requirements of their respective employers.

Long story short - Gram was absolutely correct to restrict the initial Conference posts to the private KOEP board - and thank you so much for going to the trouble of getting the ok from GKP to post that valuable feedback material into the public domain (here).

This was my post to Gram and Oilman on KOEP BB on 17th November:

==============================================

Very admirable persistence / tenacity Oilman, and superb deciphering / translation Gram. Bravo to you both!

So much new info there, it's difficult to know where to begin. So I won't even try (at this time) but will merely echo the words of someone else - 'Shaikan just keeps getting better and better'!

You mentioned in Part I that the hardcopy material was far from ideal (compressed pages, B&W etc), so I just wanted to alert you ahead of Part III (the DGA Presentation), that there is a good quality copy of that Presentation on their website:

hxxp://www.dynamicga.com/images/stories/PDFs/geoofkurdistan.pdf

Now of course we all eagerly await what was actually said by DGA (as opposed to the clinically brief statements within their published document!) but here are some things that stand out for me in the DGA's SPE Presentation document:

Slide #4: Who are the '2 other Kurdistan operators'? Shamaran/GEP? And Hunt??

Slide #4: Who are the '3 other operators or investors' they advised on Blocks prospectivity?

Slide #7: Notice how small Atrush is (currently) compared to Shaikan and Swara Tika. Much smaller than Shamaran themselves show! Do DGA know more than Shamaran/GEP?

Slide #7: Notice how Sheikh Adi, Shaikan and Jebel Simrit (Hunt's southern blob) look like they are 'yearning' to "join-up" LOL. It may happen upon confirmation of the OWC, IMO.

Slide #18: The northern and southern W-E faults do not converge at the Al Qush Block boundary on this map Gram, but I recognise that this map does seem to show the surface topography. There's also a N-S fault shown (between Shaikan and SA) but it does not seem to be that significant with regard to preventing communication from SH through to SA, BB etc.

Slide #18: DGA have upgraded Sheikh Adi Pmean to 1.98 billion LOL. And Shaikan to 7.75 although this was clearly before the last GKP Upgrade.

Slide #20: This is the culmination of several previous slides showing how things get more and more folded as you go from South to North. The folds (reservoir containers) get larger and larger but then they also start to break-open due to thrust faults and top-erosion. Did the DGA chappie say something like 'Shaikan sweet spot' LOL!

Slide #31: This again summarises structural changes, but also overlain with how things relate to present-day oil and gas maturity window. This looks very encouraging - it suggests to me that Jurassic AND Triassic are very much in the oil window (not gas). Will be very interested in Gram's comments here.

Slide #32: A pseudo well (in the Shaikan 'sweet spot' LOL) seems to confirm previous slide, i.e. we're 'in the oil' window from Cretaceous Sarmord through to the Triassic Dolomite. Who knows, there may still be some oil (rather than gas/condensate) even in the Permian!

Didn't mean to disrupt Gram, your Part III will be far more telling - thanks to the proactive part played by Oilman to find out was said - and 'what they really meant'.

Kind regards,

BBBS

P.S. Mr_K, YES. But I believe 'THAT' post should be made public - when the time is right. The share price needs to be much closer to real value - if I posted now it would just be wasted, IMO. And when I say 'public', I mean on the GKP BB - it's only fair. On that point, Gram, when your Reports are complete, do you see any problem with posting them all on the GKP BB?

==============================================

I should now probably add a few further words of explanation concerning that 'P.S.' ... LOL. The 'P.S.' was primarily directed at Mr_K who had posed the following question on Gram's KOEP thread:

"Does any of this prove or indicate further we are fill to spill across all blocks?"

My sentiment about posting 'THAT' post - a thesis based on information available in the public domain since nearly two years which PROVES (IMO) that Shaikan is filled to spill - remains as stated above. However, I will not wait forever ... that post will just suddenly appear one day .... LOL.

A couple of final points concerning your Part II post Gram. I understand that reservoir engineers are by nature conservative LOL. And as recently posted:

[...]

I don't think you need to look as far as Iran for Shaikan analogues. I agree that Kirkuk will not be representative, but why do you not consider Tawke as a reasonable guide? As in my post above, Tawke RF is already up from 18% to 36.4% based on DNO's most recent CPR.

Last point - concerning the revelations about oil production in SH-2 from an 'apparent' water zone from log analysis. I have a lot more thoughts on this - that tie-in with your questions to me following my post about 'DGA, Ryder Scott, OIP and Petrophysics' - so I will reply more fully on that thread (when I get some time to myself LOL)!

GLA,

BBBS

[0ili0] 18/8/2019 21:17

I'm not in Gulf, no no, it's because..Be quiet, bigdogs don't cryBigdogs don't cryBigdogs don't cry[Why is Bigdog here?]

[bigdog5] 18/8/2019 21:06

Two posts since 2007 legin? LOFL.

Don't trouble yourself sarah, I know what they are. 18b across the whole of the "country". It was much less in the other report that's gone missing. I'm wondering if the Kraken got to it or they're with the missing slides in a box:-)

[legin145] 18/8/2019 19:29

Yes I got it wrong.

[pensioner2] 18/8/2019 19:12

Crikey. There's so many posts on here I thought we'd struck oil.

[0ili0] 18/8/2019 18:40

Bigdog5, I shall email the real numbers.;)Maybe that was a typo....like boat "should of" been boot.

[chinese_takeaway] 18/8/2019 17:45

Looking at the existing published CPR as baseline looking at 660m 2p/2c, which is a giant in any event. Current value in market 1$/boe. That's unbelievable.Agree with below that the mass of excess cash, as if sold, isn't needed for opex , should be used to maximise holders profits on sale.Some sort of significant cash for equity swap /buyin is the go.https://twitter.com/Paul47293202/status/1163012442185748480?s=19

[chinese_takeaway] 18/8/2019 17:39

Correct Urals 500m cash hroom does buy a lot of stock.Free float less than 170m now, at least 55m are AWOL.Currently, every $1bn paid =£3.65, if they buyin 55m, it becomes £4.86.So clearly the more they buyback off mkt the better.https://twitter.com/GoodnightCharl1/status/1163034060979154944?s=19

[chinese_takeaway] 18/8/2019 17:39

Indeed UralsEach 1bn dollars paid = 3.65 pounds at exchange rate 1.21.Let's hope they gave bought even more than 55m to concentrate even higher ?

[bigdog5] 18/8/2019 17:38

sarahgibbs, 18b wasn't it across the whole of Koruptistan? Much less in the other report.

Strange that no one have managed to find much of it?

Looks like there's more than enough evidence to conclude Kozel and JG were talking through their "filled to spill" swag bags?

Is the takeaway going to be this week?

[urals] 18/8/2019 17:30

Divide bt $÷£1.21Gives £3.65

[legin145] 18/8/2019 16:57

Think your calculator is broken. 225m into 1bln is well over £4.

[urals] 18/8/2019 15:39

Correct Chinese 500m cash hroom does buy a lot of stock.Free float less than 170m now, at least 55m are AWOL.Currently, every $1bn paid =£3.65, if they buyin 55m, it becomes £4.86.So clearly the more they buyback off mkt the better.https://twitter.com/GoodnightCharl1/status/1163034060979154944?s=19

[mcfly02] 18/8/2019 15:29

I'm going to make myself a director tonight and buy myself a title on the internet all for under £500 quid so I can say I've succeeded in life.


Wake up Bobby they're on to you 👀 Quick look something up on Wikipedia and paste it on here.

[mcfly02] 18/8/2019 15:24

HabscamScot 😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂

I'll have to think about that one while sat on my boat reading my bank statement with a smile on my face knowing I'll never have to work again 😃


HabscamScot

"A nobody trying to be somebody"

And he succeeded.

Whereas you didn't.