Gulf Keystone Petroleum Share Discussion Threads

[beernut] 26/11/2020 10:19

Russia’s Gazprom Neft says still interested in market of Iraqi Kurdistan

Posted on November 25, 2020 by Editorial Staff in Oil & Gas
Russias Gazprom Neft still interested in market of Iraqi Kurdistan
Gazprom Neft. Photo credit: Andrei Makhonin/Vedomosti

MOSCOW,— The Middle East remains in the zone of strategic interests of Gazprom Neft as it is still interested in development on the market of the Iraqi Kurdistan, the Russian oil company said in a statement on Wednesday.

“Despite the COVID-19-related restrictions, we continued implementation of our projects in the region in 2020. The fourth well will be commissioned at the Sarkala field that will allow boosting and supporting the production level. Today, after having created the production base, acquired a unique experience and getting an understanding of geological peculiarities of the territory, we remain interested in exploration of new development options in the region,” Gazprom Neft Deputy CEO for Exploration and Production Vadim Yakovlev was quoted as saying.

The company’s production in the Iraqi Kurdistan has reached 4 mln tonnes since the beginning of commercial production at the Sarkala field.

“Gazprom Neft Middle East B.V. continued implementation of main production projects, including the drilling of the fourth well. Its commissioning will increase production to 4,100 tonnes and roughly 32,000 barrels. The well’s commissioning is scheduled for the first half of 2021,” the company said.

Gazprom Neft is involved in implementation of two projects in the Kurdistan region: Shakal and Garmiyan. The share of Gazprom Neft in the Shakal block totals 80% (the remaining stake is owned by the government of the Kurdistan region), while the share in the Garmian block amounts to 40%. Gazprom Neft has been operator of the Garmian project since February 2016.

Copyright © 2020, respective author or news agency, tass.com

[beernut] 26/11/2020 10:15

Chevron reaches first oil at Sarta
Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.
by Ed Reed
26/11/2020, 8:48 am
Photo of Ed Reed
Chevron and Genel Energy have reached first oil at the Sarta field, in Kurdistan, with plans for appraisal drilling in 2021.
Sarta pre-production
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Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.

The US major has a 50% stake in the licence, while Genel Energy has 30%. The Kurdistan Regional Government holds the remaining 20%.

A statement from Genel said that oil was now flowing from the Sarta-3 well, into the early production facility. A workover on the Sarta-2 is on track and should be completed in December, coming onstream in January.

[beernut] 26/11/2020 10:15

Chevron reaches first oil at Sarta
Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.
by Ed Reed
26/11/2020, 8:48 am
Photo of Ed Reed
Chevron and Genel Energy have reached first oil at the Sarta field, in Kurdistan, with plans for appraisal drilling in 2021.
Sarta pre-production
Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape.


Sign Up
Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.

The US major has a 50% stake in the licence, while Genel Energy has 30%. The Kurdistan Regional Government holds the remaining 20%.

A statement from Genel said that oil was now flowing from the Sarta-3 well, into the early production facility. A workover on the Sarta-2 is on track and should be completed in December, coming onstream in January.

[urals] 26/11/2020 10:13

#GKP highlighted by Peel yesterday as one that is yet to really rally and highlighting - "Gulf Keystone provides a high degree of operating leverage which, in a rising oil price environment will translate into an additional US$5m cash flow for every US$1/bbl increase in Brent"

[urals] 26/11/2020 10:04

SOLD BEFORE CHRISTMAS" I look forward to updating all our stakeholders in December 2020 on the wider progress we have made as a business."

[jason_scrap] 26/11/2020 09:59

Added again this morning @92.16

[urals] 26/11/2020 09:46

From LSENobody has a view on GKP takeover valuation metrics ?That's bizarre!Another type of metric is price per flowing barrel.On that basis around 32k net currently and rising $ 45-65,000 would place a Takeover valuation at around £7-11 share

[urals] 26/11/2020 09:45

#GKPFor all holders a leveraged recapitalisation pre sale announced would be fantastic,as it will concentrate profits at T/O hugely.Let us hope Perella + Kimberley had the foresight.I'm sure they will have had judging by the bye law amendment mods of June 2919.?? https://t.co/LJRePTYWjQ

[urals] 26/11/2020 09:45

My take , average m and a around $14/2pI also think gkp 2 c is effectively 2p so about 660 m £ £30+ imo From LSE  09:08GKP has been awash with rumour as a takeover target for years.Unsurprisingly as it sits on a supergiant land based field with very low Opex.470 m 2p at a minm resource level.I anticipate a $6-20 per boe metric , which implies a £11- £40 takeover valuation.Other investors metrics ???

[mcfly02] 26/11/2020 09:44

It's Paul Carroll that's spamming Twitter and the blogs.

His aim is to brainwash people in one view.

[urals] 26/11/2020 09:44

#GKPFor all holders a leveraged recapitalisation pre sale announced would be fantastic,as it will concentrate profits at T/O hugely.Let us hope Perella + Kimberley had the foresight.I'm sure they will have had judging by the bye law amendment mods of June 2919.?? https://t.co/LJRePTYWjQ

[urals] 26/11/2020 09:44

Quite rightly too!It's a huge discount to takeover sale value !

[ammu12] 26/11/2020 09:42

This is been ramped a lot on twitter.

[liftandshift] 26/11/2020 09:32

Ive been in and out of GKP since the 12p days, recently reinvested and rejoined here as have seen another opportunity, this board used to be informative now full of idiots..

[nestoframpers] 26/11/2020 09:25

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[urals] 26/11/2020 09:18

My take , average m and a around $14/2pI also think gkp 2 c is effectively 2p so about 660 m £ £30+ imo From LSE  09:08GKP has been awash with rumour as a takeover target for years.Unsurprisingly as it sits on a supergiant land based field with very low Opex.470 m 2p at a minm resource level.I anticipate a $6-20 per boe metric , which implies a £11- £40 takeover valuation.Other investors metrics ???

[snuddz] 26/11/2020 09:14

Or smallest in this case!

[urals] 26/11/2020 09:04

Me too !!!!Agree H7 :)Plus their presence is clearly orchestrated and has helped deter retail in general That's helped me build a huge , cheap stake over 3years.....the headcases have my thanks :)!

[urals] 26/11/2020 09:03

#GKPHof Hoorneman is a bank that invests itself. We make our own investment analyzes and researchWe select the companies in which we INVEST ourselves, we can always explain to you why we made that choice. 2nd largest holder at 9% and RISINGinto incoming TAKEOVER

[urals] 26/11/2020 09:03

#GKPFor all holders a leveraged recapitalisation pre sale announced would be fantastic,as it will concentrate profits at T/O hugely.Let us hope Perella + Kimberley had the foresight.I'm sure they will have had judging by the bye law amendment mods of June 2919.?? https://t.co/LJRePTYWjQ