Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 05/7/2020 14:32

Notwithstanding the fake ones protestations about the plan only commencing two years ago that is pure BS. The facts are the company stated clearly just after wipeout what they're plans were. To maintain production at 40k and to move onto 55k "near term". They also mentioned one new well and 3 ESP's. When that plan failed due to problems it was replaced by the 55k a day which is currently further away than ever isn't it failed Guru. Did the post office school teach how to use spin and BS to con others?

Production almost 4 years on is a paltry net 21k a day. Kozel stated that by 2014 production would be 150k and all funded from cashflow. I said he would never achieve that, was ridiculed but was I proved correct? But there again I get most of my predictions correct which really annoys the "in the industry" and "cut and paste" queens.

Incoming merger for a pittance? Cost wouldn't need to be much more that £1, 1p really.# imho of course.

[bigdog5] 05/7/2020 13:56

Or this one oh fake one.


Habshan19 Aug '18 - 17:45 - 570279 of 609531
0 18 2

"SO A YEAR FROM NOW those industry professionals will have us producing 55kpd, we will be on our way to 75kpd, we will have a new CPR and THE SHARE PRICE WILL BE MULTIPLES OF WHERE IT IS NOW."


Really?

[bigdog5] 05/7/2020 13:52

How this going postboy?

Habshan21 Aug '18 - 18:16 - 570364 of 609530
0 20 1

You tell us that the "hype" was a success as the price then rose 240% from 82p to 280p.

You tell us that you're very happy that you didn't take part in that rise.

You tell us that there's more hype to come in the next few weeks as the "hype" is proving a success for the share price.

You tell us that you won't be taking part in that rise either.

Awesome investment strategy Bigdog.

Totally mind boggling.

No wonder you're still standing on the platform scratching your backside.

[0ili0] 05/7/2020 10:55

Early adopter if this esteemed platform.

[0ili0] 05/7/2020 10:43

The 50 pence a post rate for bigdog must be up for review soon? Given the quayif them, a rate of 5 pence is surely on the cards.

[urals] 05/7/2020 08:07

#GKPUS hedge funds appearing top 4 holders increasing MM try to suppress market share price as big hitters fill up pre incoming takeover Hank Paulson legend M+A now holds few million shares via Bright SpherePrecision Capital another US Hedge appears all of a sudden:)) https://t.co/zMByo3zL4k

[urals] 05/7/2020 08:07

Using the current CPR on a Category 2 basis (2P etc) the Reserves and Resources are given by ERC Equipoise as follows (100% level, million barrels liquid recoverable):2P oil reserves 6222C oil resources 239Technically recoverable oil 150Prospective oil 65Condensate 150 (JF figure). =TOTAL 1226ERCE figure is over 1.2 billion barrels recoverable of liquid, varying from very heavy oil through light oil to very light condensate. Category 3 figure (3P etc) is much higher. Current 80% entitlement for GKP, the Category 2 figure for GKP is close to 1 BILLION BARRELS RECOVERABLE . In addition there is the c. $0.5 billion of net cash plus money owed to GKP going forward.An onshore oilfield of such size, at shallow to moderate depth, is worth a HUGE FORTUNE . MOL have said that such oil has an M&A value of $8 per barrel. With political resolution between Erbil and Baghdad, the value of GKP would be transformed.

[urals] 05/7/2020 08:07

WHY THE TROLLS and CONDOG, BROADFRAUD 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 MCFRUITLOOP ,PATRIOTIC PADDY, BROADFRAUD 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

[bigdog5] 04/7/2020 22:41

What a total load of BS that is. Just look at BB's numbers again, then compare that to what they've achieved. Only a clueless blinkered moron would accept and believe the company has performed. They've over promised and under delivered all the way.
Additional to that there is clear evidence that all is a long way from what is announced imo.

Pittance of a merger now odds on favourite imo and a few others that know the score.

[0ili0] 04/7/2020 16:27

Bigdog, Broadfraud thinks £10 cash per share has somehow vanished. Bonkers m8!

[habshan] 04/7/2020 16:13

Bigdog - "You never cease to amaze with your inability to comprehend. What I'm saying and I believe its the same for BB is for all the money that has flowed into the company there's been zero rewards for the shareholders."

When a car company decides to design develop and put into production a new car from scratch in the stable, predictable and secure environment of a place like the US, UK, Germany or Japan for instance, where they get paid normally and can plan with confidence, it will take them 5 years and cost them around 5 billion pounds.

All before the shareholders see a penny of their money back.

The same applies to oil companies, pharmaceutical companies, armaments companies, aircraft manufacturers, the list goes on and on and on.

Kashagan took 13 years and $137 billion was spent before it produced a barrel of oil.

It's you that fails to comprehend Bigdog.

You just haven't a clue how all this works have you.

[thicktony] 04/7/2020 15:41

Jon Ferrier said that GKP required Brent at $36 a barrel in order to be profitable in overall terms. Subtract the $21 a barrel Shaikan quality discount and the balance is $15 a barrel. So the total costs to run the company were being given by JF as $15 a barrel. That is very low by international standards.Substantial cost reductions have subsequently been made in local, expat and London costs. How much the $15 is being reduced is unknown; perhaps to no more than $12 a barrel. If so, the profit point is $33 Brent. With the current Brent price at $42 a barrel, GKP would appear to have a decent safety net. The fixed $21 a barrel quality discount accentuates the impact of changes in the oil price. A Brent recovery to (say) $60 a barrel would generate significant profit for GKP.The company and the brokers have all said that GKP is in a good position going forward. Major shareholders have increased their holdings. Few E&Ps are in such a position.Big Oil ( and especially the Chinese) don’t determine things on Monday’s oil price. They look years (or decades) ahead, assessing where the price might be. Saudi Arabia requires ~ $50+ for its economy and thats the driver for the OP. They cannot survive on $42 Brent, that’s for sure. So we sit tight and wait.

[urals] 04/7/2020 15:38

#GKPUS hedge funds appearing top 4 holders increasing MM try to suppress market share price as big hitters fill up pre incoming takeover Hank Paulson legend M+A now holds few million shares via Bright SpherePrecision Capital another US Hedge appears all of a sudden:)) https://t.co/zMByo3zL4k

[urals] 04/7/2020 15:38

Using the current CPR on a Category 2 basis (2P etc) the Reserves and Resources are given by ERC Equipoise as follows (100% level, million barrels liquid recoverable):2P oil reserves 6222C oil resources 239Technically recoverable oil 150Prospective oil 65Condensate 150 (JF figure). =TOTAL 1226ERCE figure is over 1.2 billion barrels recoverable of liquid, varying from very heavy oil through light oil to very light condensate. Category 3 figure (3P etc) is much higher. Current 80% entitlement for GKP, the Category 2 figure for GKP is close to 1 BILLION BARRELS RECOVERABLE . In addition there is the c. $0.5 billion of net cash plus money owed to GKP going forward.An onshore oilfield of such size, at shallow to moderate depth, is worth a HUGE FORTUNE . MOL have said that such oil has an M&A value of $8 per barrel. With political resolution between Erbil and Baghdad, the value of GKP would be transformed.

[urals] 04/7/2020 15:37

WHY THE TROLLS and CONDOG, BROADFRAUD 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 MCFRUITLOOP ,PATRIOTIC PADDY, BROADFRAUD 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

[bigdog5] 04/7/2020 15:17

"Saudi Arabia requires ~ $50+ for its economy".

You obviously missed the articles saying they require north of $80.