Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 20/8/2019 13:52

So companies buy other companies without any proof of what they're buying?

All about the 350m of P2 heavy oil reserves. Nothing else after 10 years.

The licence needs massive amounts of funds spent on it. You'll see. Have they got it?

[chinese_takeaway] 20/8/2019 13:49

https://twitter.com/Paul47293202/status/1163748716551032833?s=19

[chinese_takeaway] 20/8/2019 13:49

Nestoframpers, when you have sold the company, and the new owners will finance the opex expansion, it's far more profitable to use your own cash to maximise the proceeds on sale. You do that by buying in as much of your own stock as possible to concentrate profits into those shareholders who remain at sale. So expect a very substantial OFF MARKET buyin shortly!

[chinese_takeaway] 20/8/2019 13:48

Its ALWAYS been about the PERMIAN.The company is solely valued on whats in the Jurassic & that in itself is huge. However, its the Permian that will pressurise the Shaikan field & where the oil & gas MONSTER lies.Its impact was seen on Shaikan 1 & it has the reserve potential to propel Shaikan into the same league as Kirkuk & beyond.

[bigdog5] 20/8/2019 13:46

"Its always been about the Permian" LOFL.

They have no idea what if anything is there or if it will flow. But what we do know is that its highly pressurised and will eat the very expensive drills that try for it.

But before that there's the Triassic to contend with. Bearing in mind all the problems they've encountered in the Jurassic with gas, water and that the pressure is falling hence the need for ESP's (which could make matters worse) that could be fun.

Get your expensive tickets for the Hypefest as if the "rumours" are correct 3p could be on. I say expensive because there's still only the same amount of heavy oil you could have been buying at 4p original but you now have to pay £2.50 for. They do appreciate you suckers though LOFL.

[chinese_takeaway] 20/8/2019 13:41

https://twitter.com/GoodnightCharl1/status/1163034060979154944?s=19

[chinese_takeaway] 20/8/2019 13:39

https://twitter.com/Paul47293202/status/1163689620913233920?s=19

[chinese_takeaway] 20/8/2019 13:39

Steephill. I cannot imagine any IOC buying gkp without conducting their own huge tech DD of Shaikan . an exclusive conditional sale contract with large break fee would have provided for that. Imo that has been conducted, and the Permian will have been tested. 2017/2018 I believe tech DD took place by the Chinese. I can't imagine they didn't drill into the Permian during that time.

[bigdog5] 20/8/2019 13:36

What's the gist fantasists? No takeaway then Chinese, what's gone wrong? Due diligence done months ago then, really, you have any proof? Of course not.

I see that the Penge mob have a new recruit in this steephill character. So transparent. Looks like the fake reverend has returned and is making up stuff about S1 and the Triassic and "its all about the Permian" LOFL.

Then there's nestofgarbage coming out with all the irrelevant ten year old stuff that is obviously being fed to him from the Penge street bunker.

All this DGA stuff is comical. Ten years on and none of it has been proved. Nothing proved from the Triassic . The Jurassic is worth loads is it? With all its problems?

Gas re injection is standard stuff is it, LOFL. They couldn't even get the easy stuff done (easy cheap and fast according to an ex postman) with the pumps that we were told would be "off the shelf". The BS just pours out of you delusional clowns. So what chance of a Gas injection project being achieved.

Can't wait for the Hypefest, it will be just like old times with all the sermons of unachievable BS.

[0ili0] 20/8/2019 12:56

But ERCE agreed with the DGA figures for Sheikh Adi! Haven't you learned anything, you dipstick, mcfly?

[urals] 20/8/2019 12:26

1 waving on the sensible thread:." -- The SH-12 well (formerly called SH-H) was spudded on 7 June with DQE's Rig 40 ".Around 2 months to drill. Should now be testing..

[rodinswan2] 20/8/2019 12:13

No one likes a turncoat, Lord Spare.

No one has an ounce of trust in whatever you say or whatever your validations. Ergo, your view is a total irrelevance to those who know your history.

Sad.

[habshan] 20/8/2019 11:59

"But didn't the DGA tell us how wonderful Sheikh Adi was and yet we paid to get rid of it."

The usual totally confused garbage from Oilman.

It doesn't matter how wonderful it is if you've got no money to develop it.

Which is why we had to relinquish it.

At the time we were struggling to hang onto Shaikan.

[urals] 20/8/2019 11:54

Steephill. I cannot imagine any IOC buying gkp without conducting their own huge tech DD of Shaikan . an exclusive conditional sale contract with large break fee would have provided for that. Imo that has been conducted, and the Permian will have been tested. 2017/2018 I believe tech DD took place by the Chinese. I can't imagine they didn't drill into the Permian during that time.

[urals] 20/8/2019 11:50

https://twitter.com/Paul47293202/status/1163689620913233920?s=19

[mcfly02] 20/8/2019 11:43

But didn't the DGA tell us how wonderful Sheikh Adi was and yet we paid to get rid of it.

Shaikan had one drill and they guessed a figure and pumped the life out of it.

Are we now to ignore all the data from the 9 wells drilled since and the CPR's ???

Not to mention the data from all of the neighbouring fields.

Just a side note on Steephill lol.

Note how the posts receive 10 votes within minutes 🤡

[nestoframpers] 20/8/2019 11:24

In 2010 DGA were saying 1 to 5 bill blls after one drill Steephill Cove.

Evaluation of Shaikan No. 1 Discovery for Gulf Keystone
January 2010

VI. CONCLUSIONS
The Shaikan 1-B well discovered a significant amount of oil and gas in the Cretaceous, Jurassic,
and Triassic Formations. We estimate the oil resources to be between 1.9 BBO (P 90 ) and 7.4
BBO (P 10 ) with a mean value of 4.2 BBO. Gas resources range from 0.4 TCF (P 90 ) to 1.5 TCF
(P 10 ) with a mean value of 0.8 TCF. The high side (P 1 ) resources are estimated at ~13 BBO and
2.7 TCF. No free water level has been encountered in the well through the TD of 2,950 m MD.
Seismic data shows even deeper closures below the Lower Kurra Chine Formation that are
prospective. Potential additional resources from these deeper formations are estimated at 1 to 5
BBO and 6 to 14 TCF.
The greatest uncertainty for these resource estimates is the areal extent of the reservoirs and the
estimates of net pay. A second well drilled on the east side of the structure and additional data
will significantly reduce these uncertainties.
This discovery greatly reduces the geologic risks in the Sheikh Adi, Akri Bijeel and the Ber Bahr
blocks, Gulf Keystone’s adjacent opportunities. The Shaikan discovery proves the presence of
hydrocarbon source and migration in the area.

[steephill cove] 20/8/2019 11:02

And that is the sole reason why Ryder Scott & DGA will not be used again. They showed a little too much of the hand in what is a very high stakes game of Oil Poker.

[steephill cove] 20/8/2019 10:58

Its ALWAYS been about the PERMIAN.The company is solely valued on whats in the Jurassic & that in itself is huge. However, its the Permian that will pressurise the Shaikan field & where the oil & gas MONSTER lies.Its impact was seen on Shaikan 1 & it has the reserve potential to propel Shaikan into the same league as Kirkuk & beyond.

[chinese_takeaway] 20/8/2019 10:55

https://twitter.com/GoodnightCharl1/status/1163750931500011520?s=19

[urals] 20/8/2019 10:46

https://twitter.com/Paul47293202/status/1163748716551032833?s=19

[urals] 20/8/2019 10:35

Nestoframpers, when you have sold the company, and the new owners will finance the opex expansion, it's far more profitable to use your own cash to maximise the proceeds on sale. You do that by buying in as much of your own stock as possible to concentrate profits into those shareholders who remain at sale. So expect a very substantial OFF MARKET buyin shortly!

[chinese_takeaway] 20/8/2019 10:21

https://twitter.com/RaimboChaser/status/1163456469003624449?s=19

[broadford bay] 20/8/2019 09:50

And yet another Gem from nesto:

"...on the pretense of GKP not having a gas re-injection plan ( why didn't they have one it's standard stuff)."

You mean like the ESPs were, sort of, Off-the-Shelf like...?

Off your trolley.