Gulf Keystone Petroleum Share Discussion Threads

[urals] 28/11/2020 19:38

#GKP - here is an interesting chart showing Gulf Keystone net revenue per barrel vs the Brent price. And how the profit per barrel compares to how the market values GKP 2P barrels. https://t.co/vHjaRfjiJz

[urals] 28/11/2020 19:38

#GKPWhilst we wait for @Gulf_Keystone to announce friendly sale,(within days)note classic "M & A shark repellant" tactics used to ensure no hostile interferenceBye law changes to option payoutTreasury stockStaggered BoardEmployee option dilutionTo name but a few ! https://t.co/SEM6yJoQVx

[urals] 28/11/2020 19:38

SOLD BEFORE CHRISTMAS#GKPNote specific addition to incentive plan required to be inserted last JuneClause needed to accommodate SALE by AMALGAMATION no doubt already agreed in principle back then :)Know difficult to drag yourselves away from staring at candles but co has tried to flag obvious stuff https://t.co/f0p8iWUPzl

[urals] 28/11/2020 19:26

#GKPWhilst we wait for @Gulf_Keystone to announce friendly sale,(within days)note classic "M & A shark repellant" tactics used to ensure no hostile interferenceBye law changes to option payoutTreasury stockStaggered BoardEmployee option dilutionTo name but a few ! https://t.co/SEM6yJoQVx

[urals] 28/11/2020 19:26

SOLD BEFORE CHRISTMAS#GKPNote specific addition to incentive plan required to be inserted last JuneClause needed to accommodate SALE by AMALGAMATION no doubt already agreed in principle back then :)Know difficult to drag yourselves away from staring at candles but co has tried to flag obvious stuff https://t.co/f0p8iWUPzl

[bigdog5] 28/11/2020 19:15

nestoframpers28 Nov '20 - 16:11 - 615925 of 615934
0 5 0

"They know all about the drilled Shaikan but can't put out CPR 3 as it will blow the doors off".

LOFL. The evidence is clear that they still know naff all about the field 11 years on. I reckon any new CPR will cause more embarrassment just as the first two did.

"Just the Permian to get to properly".

They haven't got to the lower Jurassic properly yet let alone the Triassic and Permian. Wasn't it S7 that was targeting the Permian and it was either the lower Jurassic or upper Triassic that "eat" their drill.

"All the wells in communication , just a stunning Elephant"

LOFL. And he's trying to do maths as well, LOL.
Poor old sucker still hasn't woken to the fact that the field isn't a sea of oil but extremely complex and compartmentalised.

hab SHAM's got more gas than Dana and spouts it here far too regularly.

[urals] 28/11/2020 19:04

SOLD BEFORE CHRISTMAS#GKPNote specific addition to incentive plan required to be inserted last JuneClause needed to accommodate SALE by AMALGAMATION no doubt already agreed in principle back then :)Know difficult to drag yourselves away from staring at candles but co has tried to flag obvious stuff https://t.co/f0p8iWUPzl

[urals] 28/11/2020 19:04

#GKPWhilst we wait for @Gulf_Keystone to announce friendly sale,(within days)note classic "M & A shark repellant" tactics used to ensure no hostile interferenceBye law changes to option payoutTreasury stockStaggered BoardEmployee option dilutionTo name but a few ! https://t.co/SEM6yJoQVx

[muddy_40] 28/11/2020 18:27

A blast from the past..



Oh Christ ... lord help us now ...

At least your stables electricity bill can be paid ...

Along with some £m's in "vaccine consultancy" from some of your le cercle mates and Gulf Keystone Petroleum International... of course not ... perish the thought of profiteering

[nestoframpers] 28/11/2020 18:15

Here is another way to look at it (approx for fun) as it puts it into perspective .

Shaikan is 150 sq KM say there is 12 Bn blls reserves that is 80 mill blls per sq KM.

1 Bll = 0.1589873 m3

Shaikan is drilled to 2500 ms therefore 2.5 Bn cubic M's of Shaikan gives 12.7 mill cubic Ms of oil per sq KM .

0.0127 Bn / 2.5 Bn x 100 = 0.508 % Oil

[k4n4k] 28/11/2020 17:03

9,000,000,000. It's the "zeros" effect.

[k4n4k] 28/11/2020 16:53

Over 9bn reserves in Lorenz's 2014 presentation

[habshan] 28/11/2020 16:39

We've even got more gas than Dana Gas.

"DGA's updated estimates also indicate an increase in the mean value of Shaikan's associated gross gas-in-place volumes from 3.5 trillion cubic feet to 4.9 trillion cubic feet."

"An independent external reserves audit report by Gaffney Cline Associates (GCA), completed on behalf of Pearl Petroleum in May 2019 confirmed that Dana Gas’s 35% share of the Khor Mor and Chemchemal 2P reserves was 4.4 trillion cubic feet gas. This confirms that the fields located in the KRI could be the biggest gas fields in the whole of Iraq."

[nestoframpers] 28/11/2020 16:24

ERCE amreican oil presentation had Shaikan at 9 bill blls reserves, then it changed to OIP !!! WTF GKP what's your excuse ? can't let the cat out of the bag hey .

At 3% FP it is more than 9 bill blls.

ATM 1 bill reserves , every 0.2% on top of 0.7% FP + another 0.8 bill reserves .

2.3% / 0.2 = 11.5 x 0.8 = 9.2 + 1 = 10.2 bill blls reserves.

The Chinese study says FP is 3.8 % , that would be 12.8 bill blls reserves.

[k4n4k] 28/11/2020 16:24

We're only here for the mighty Shaikan. The rest is just fluff from bigdodgy and the "dull as" cronies.

[nestoframpers] 28/11/2020 16:15

Glad you were there AttyG , people I have spooken to that were there were not paying attention and can't remember much. Did you go to Weely too ? that was a good one .

[habshan] 28/11/2020 16:13

Broadford - "The Ryder Scott evaluation / CPR (Jan-2011) followed on from the initial DGA evaluation in Jan-2010, and was based on results from one well plus initial and relatively poor seismics."

19th July 2012.

RNS - Shaikan Discovery: P90 volumes increase from 8 billion barrels to 12.4 billion barrels.

This upgrade is based on the data acquired since the last resource evaluation of the Shaikan discovery by DGA issued in November 2011 and is the fourth successive upward revision by DGA.

DGA's conclusions are based on the new data acquired as a result of:-

Daily geological reports, lithlogs, mud logs, well logs, well tests and core reports for the Shaikan-5 and -6 appraisal wells, including logs and cores samples obtained with the Shaikan-6 well indicating the deepest oil shows recorded by the Company to date.

Re-mapping and re-interpretation of the Shaikan reservoir horizons, including the Cretaceous Sarmord and Chia Gara formations, the Jurassic Sargelu, Alan, Mus and Butmah formations, the Triassic Baluti formation and the A, B and C members of the Kurra Chine formation, using the latest results of the 3D seismic data interpretation applied to the Shaikan-2, -4, -5 and -6 appraisal wells.

Net pay mapping for 10 reservoir intervals across the Shaikan anticline.

Updated data from the Shaikan-1 discovery well and Shaikan-2, -3, -4, -5 and -6 appraisal wells, which now includes volumes from the Cretaceous Chia Gara and the Triassic Baluti formations.

This upgrade represents a much tighter distribution of the Shaikan gross oil-in-place volumes, with the P90 value having increased by 4.4 billion barrels.

It indicates a narrowing gap between the P90 and P10 values, currently standing at 2.6 billion barrels of gross oil-in-place, which is a firm confirmation of the progress made in the understanding of the dimensions of the giant Shaikan field.

DGA's updated estimates also indicate an increase in the mean value of Shaikan's associated gross gas-in-place volumes from 3.5 trillion cubic feet to 4.9 trillion cubic feet.

[nestoframpers] 28/11/2020 16:11

They know all about the drilled Shaikan but can't put out CPR 3 as it will blow the doors off. Just the Permian to get to properly. All the wells in communication , just a stunning Elephant.

[bigdog5] 28/11/2020 16:11

Yes Broadford, the CPR report of 2016 does rather pour "cold water" all over those of several years ago on which Kozel and his mates troughed on. Not that any more "cold water" is needed of course:-)

There's an excellent article over at oilprice which I reckon the clueless rampers ought to read. It talks about the necessity of Baghdad and Erbil getting agreements with each other and that there is much support for recreating a National Oil Company.

However perhaps even more importantly it mentions the "Achilles heel" for Iraq's Oil Industry is that the Common Seawater Supply Project is on hold currently due to the virus.

Could this be an opportunity for shaiCON to be great assistance:-)

[habshan] 28/11/2020 15:37

Broadford - "The Ryder Scott evaluation / CPR (Jan-2011) followed on from the initial DGA evaluation in Jan-2010, and was based on results from one well plus initial and relatively poor seismics."

From the referenced article:-

The new data (for the upgrade) has been acquired as a result of:-

Shaikan-2 oil discovery and well test in the upper section of the Jurassic section, nine km to the east of Shaikan-1
Shaikan-1 extended well test production
Shaikan-3 testing and production results.
Preliminary results of the analysis of 3D seismic data acquired for the Shaikan (599km²) and Sheikh Adi (215km²) blocks
Evaluation of existing seismic lines and regional geological data for the Ber Bahr, Akri-Bijeel (Bijeel-1 well) and Sheikh Adi blocks.
PVT (pressure, volume, temperature) analysis of oil samples from the Triassic Kurre Chine tests at Shaikan-1.

[urals] 28/11/2020 15:19

#GKPWhilst we wait for @Gulf_Keystone to announce friendly sale,(within days)note classic "M & A shark repellant" tactics used to ensure no hostile interferenceBye law changes to option payoutTreasury stockStaggered BoardEmployee option dilutionTo name but a few ! https://t.co/SEM6yJoQVx

[urals] 28/11/2020 15:19

From LSE SOLDSo as the company told everyone in 2016 they have an extra $200m debt facility.They have to date never taken it up to grow production...we'd be at 75k min if they had.....This is why .....it's never been about growing product ion ..it's always been about maximising profit on sale for remaining shareholders.Perella Weinberg....real loonies lol#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] 28/11/2020 15:19

SOLD BEFORE CHRISTMAS#GKPNote specific addition to incentive plan required to be inserted last JuneClause needed to accommodate SALE by AMALGAMATION no doubt already agreed in principle back then :)Know difficult to drag yourselves away from staring at candles but co has tried to flag obvious stuff https://t.co/f0p8iWUPzl

[urals] 28/11/2020 15:18

#GKP - here is an interesting chart showing Gulf Keystone net revenue per barrel vs the Brent price. And how the profit per barrel compares to how the market values GKP 2P barrels. https://t.co/vHjaRfjiJz