Gulf Keystone Petroleum Share Discussion Threads

[habshan] 02/7/2020 17:52

Bigdog - "they only go to one zone and I reckon that means they will have to downgrade their reserves like others have in Koruptistan."

So let me get this clear.

That one "zone" is the Jurassic, an oil column 950 metres or three Shards high.

And because they only currently go to that 950 metre deep oil column they are going to "have to downgrade their reserves like others have in Koruptistan."

I see.

[urals] 02/7/2020 17:37

81,163 BUY 92.40 after hrs

[urals] 02/7/2020 17:37

DOW JONES CRUDE-PRICE RISE MAY SPARK OIL TAKEOVERS, MERGERS -- Market TalkThursday, July 02, 2020 03:10:00 PM (GMT)1510 GMT - Oil companies may hit the acquisition trail following a crude-price recovery, says Peel Hunt. Exploration and production firms, particularly those with plentiful cash, are switching focus from survival to growth given the rebound in prices in the last couple of months, the brokerage says.It says potential buyers that it covers include Serica Energy, Jadestone Energy, Cairn Energy, Sterling Energy and Africa Oil. Peel also says Pharos Energy and Transglobe Energy could merge to form an Egypt-focused group worth more than GBP100 million, while a tie-up between Kurdistan-focused Gulf Keystone Petroleum and Genel Energy could create scale, improve liquidity and boost their investment appeal. The price of a barrel of Brent crude gains 0.8% to $42.37.

[bigdog5] 02/7/2020 17:12

"while a tie-up between Kurdistan-focused Gulf Keystone Petroleum and Genel Energy could create scale, improve liquidity and boost their investment appeal".

It would appear there's the proof that there are those that follow my views, opinions and posts innit:-) Also, bearing in mind all the problems with the field I suggest that Mac is correct and you are going to get screwed again. So deserved.

Proving yet again for the umpteenth time I'm ahead of the Insti's, market, game, and all you ramping delusional clueless clowns.

You're welcome:-)

[thicktony] 02/7/2020 17:07

81,163 BUY 92.40 after hrs

[highlander7] 02/7/2020 16:54

DOW JONES CRUDE-PRICE RISE MAY SPARK OIL TAKEOVERS, MERGERS -- Market Talk
Thursday, July 02, 2020 03:10:00 PM (GMT)

1510 GMT - Oil companies may hit the acquisition trail following a crude-price recovery, says Peel Hunt. Exploration and production firms, particularly those with plentiful cash, are switching focus from survival to growth given the rebound in prices in the last couple of months, the brokerage says.

It says potential buyers that it covers include Serica Energy, Jadestone Energy, Cairn Energy, Sterling Energy and Africa Oil. Peel also says Pharos Energy and Transglobe Energy could merge to form an Egypt-focused group worth more than GBP100 million, while a tie-up between Kurdistan-focused Gulf Keystone Petroleum and Genel Energy could create scale, improve liquidity and boost their investment appeal. The price of a barrel of Brent crude gains 0.8% to $42.37.

[thicktony] 02/7/2020 16:08

Agreed, obvious.WHY THE TROLLS ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and macfly,patriotic Irishman etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it !LOL

[bigdog5] 02/7/2020 16:04

Hey Paul, are the natives going hostile?

[bigdog5] 02/7/2020 16:00

Are the ducks all lining up for a paddle in the puddles:-)

[bigdog5] 02/7/2020 15:58

Mac, more proof that there's a few of us that are extremely intelligent, understand the City and how it works and are well informed. One doesn't have to be "in the industry" to be ahead of the game n'est ce pas:-)

[bigdog5] 02/7/2020 15:55

I've been posting up about a merger making sense for ages. Nothing to do with what Alpaville have put out which I only learnt about under an hour ago.

MNR have wanted consolidation for absolute years.

JF leaving is the "line in the sand". Company are now extremely vulnerable imo.

[bigdog5] 02/7/2020 15:48

highlander72 Jul '20 - 15:26 - 609342 of 609344
0 3 0

"Why on earth would GKP ever need to merge with GENEL ?
Complete nonsense , as ever from that pair".

Because they've taken 10 years to reach 36k a day and spent over £1b getting there and in return shareholders have received a wipeout and a couple of small dividends.

There are real "issues" with the field, they need to spend massive amounts on solving their gas problem, they only go to one zone and I reckon that means they will have to downgrade their reserves like others have in Koruptistan.

Aimho of course but I do have an uncanny knack of being proved correct innit:-)

[mcfly02] 02/7/2020 15:44

Mr Dog 🐶

Isn't it funny how we have been discussing this on here and now someone else comes out with it 😂

No smoke without fire.

Distressed asset.