Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 26/2/2021 17:41

US petroleum (crude, oil products, SPR) inventories fell by 45.128mb m/m to 1,982.404mb in December - EIA #oott https://t.co/dQA4FurWrK

[highlander7] 26/2/2021 17:16

Im not surprised the Doggie is depressed. He has been repeating exactly the same drivel over and over and over for the past 12 years.

Of course none of it has come to pass.

No wonder he is bored.

LOL

[nestoframpers] 26/2/2021 17:13

the weekly

[cnpc_loves_gkp] 26/2/2021 17:04

IWNWTBOOTOTW !;-)

[cnpc_loves_gkp] 26/2/2021 16:32

275,000Precisely4 years 3 months endeavour

[pensioner2] 26/2/2021 16:22

Aw, Muttley. You've gone and spoiled yourself again. You sounded much happier with a smile on that cheery little face and now you've gone all glum again. Come on, forget the past. It really will make you feel better than carrying that constant frown. And stop using "innit". It makes you sound common and I'm sure you're not.

[sbb1x] 26/2/2021 16:19

Everyone can see though the tag team boiler room bandits ( I mean traders )300 all day long this yearRegards The lion king

[sbb1x] 26/2/2021 16:17

The tag team boiler room bandits been busy today.Payment news Monday and news on monies owed, I see us testing the 52 weeks high of 182. Boom boom

[sbb1x] 26/2/2021 16:15

Oil price looks strong. Not long until 70$ oil people.10 million draws coming in oilWatch api Tuesday Watch eia Wednesday,.Traders scaremongering again oh dear! Lol

[cnpc_loves_gkp] 26/2/2021 16:15

Closing in on 26,000Will he get there before the Sale RNS?25,943 posts from the BIGDOG,Black Rock now have acquired 5.36% over 11,250,000 and increasing,Is it a pile of xcz&£, because almost 26,000 negative posts by an avatar says so ? Or do you follow the investment reality?LOL

[bigdog5] 26/2/2021 16:15

Reserves down from 575m a few months ago to 505m last week isn't a downgrade?

That's the sort of logic we're use to see coming from the keyboard of johnyboy.

If the field had even a fraction of the Kozel fantasy barrels why haven't anyone bought it. Company's don't last long after announcing large finds. Several surveys have been carried out over the years at shaiCON and there's been virtually no interest shown. Four CPR's produced the latest being a huge downgrade on what the company were stating only a few months back.

Now what has occurred over the last few months? That's correct new wells designated S12/S13 that were targeting the lower depths. But hey they won't be producing from there so why is that. Well the word is they found some stuff they really didn't want and that has impacted on the latest numbers from the Jurassic which is the only zone they drill to. So much for 1000m columns and loads of shards innit?

Even the Triassic and Cretaceous numbers have been moved to 3C which rather demonstrates their lack of confidence in them. As for the Permian that's so 2010 innit.

You have the CON Paul.

[cnpc_loves_gkp] 26/2/2021 16:02

275,000Precisely4 years 3 months endeavour

[pensioner2] 26/2/2021 15:58

That's better, Muttley. Good to see you cheering up. Now if you can just stop calling folk schmucks. Service with a smile always beats service with a snarl. :-) :-)

[cnpc_loves_gkp] 26/2/2021 15:58

Closing in on 26,000Will he get there before the Sale RNS?25,942 posts from the BIGDOG,Black Rock now have acquired 5.36% over 11,250,000 and increasing,Is it a pile of xcz&£, because almost 26,000 negative posts by an avatar says so ? Or do you follow the investment reality?LOL

[highlander7] 26/2/2021 15:58

You just dont get it Doggie do you ?

NO ONE IS LISTENING they are too busy Laughing.

LOL

[bigdog5] 26/2/2021 15:54

Just in case you all missed it or are having trouble understanding here is my post again.

"The most compelling proof that the Kozel barrels are fantasy is that no one under JF's tenure made any reference to them in any presentation or other announcements. That's completely at odds with what Kozel and his mates were pumping out at every opportunity.

The reason for that is it would have left them open to accusations of misleading the City Institutions/other shareholders.

The latest CPR adds even more proof to the reasoning and actions of the company. The reinterpretations of the data since the shareholder wipeout plus the latest findings from the recent wells are even more proof.

The data received since the wipeout of 2016 and the reinterpretations have poured cold water over all the reports from the Kozel years, something they're not short of I understand:-).

[bigdog5] 26/2/2021 15:49

:-)

I note that the share price is plummeting.

Doubtless the Insti's are dumping a few after realising the latest CPR has produced a material reserves downgrade and that the fabled easy fast cheap and now several years overdue 55k is going ever more backwards.

Would you all like me to interpret the "blobs" for you:-).

Can you now see why I've been telling you for years that the field has shrunk massively.

Poor old highlander7 won't understand cos all he had to get correct was not to put diesel in a petrol car and vice versa. But the car manufacturers thought that would be too complicated for someone of his intellect so they made design alterations to the cars to help the poor schmuck.

You're welcome:-)

[habshan] 26/2/2021 15:46

"The most compelling proof that the Kozel barrels are fantasy is that no one under JF's tenure made any reference to them in any presentation or other announcements. That's completely at odds with what Kozel and his mates were pumping out at every opportunity."

You've got the attention span of a gnat Sarah.

Less than four weeks ago:-

"They don't refer to it Sarah because they aren't allowed to.

A year before JF arrived on the scene we moved from AIM to the Main Market.

The AIM rules are far more lax than those on the Main Market so you can bandy numbers about without having to substantiate them. On the Main Market you can't, the rules are much more onerous and Boards have to be able to substantiate what they say in official communications to the market.

We know what you and carbUncle Tony think about having to substantiate what you say Sarah but the Regulators and the London Stock Exchange have a different view.

By definition prospective and contingent resource numbers are speculative and unproven, the management know the oil is there but that's not good enough, before they can report it they have to be able to actually prove that it's there, and that means drilling the huge areas of this 132 sq km license that have not yet been drilled. That will happen over the years as the field is developed.

And that's why so much information from the Kozel era has been removed from the website. Under Main Market rules it shouldn't be there.

If Main Market companies were allowed to just issue RNSs and the like containing price sensitive numbers or information that they are unable to substantiate and could subsequently say "oops got that one wrong" there'd be mayhem.

The ERC Equipoise 5.5 billion oip number was based on data from a small number of wells covering a small portion of the reservoir both horizontally and vertically and then subjected to layer upon layer of conservative assumptions but which was sufficient to generate a baseline CPR that was adequate for the application for a Main Market listing. Most of the field hasn't even been drilled yet.

In the meantime Sarah you can content yourself with this from Rigzone from 2011 which is still up on the internet. It puts a floor under the numbers and gives a base on which to build:-

"The revised gross oil-in-place volumes for the Shaikan discovery, as calculated by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants, are a P90 value of 4.9 billion barrels to a P10 value of 10.8 billion barrels of oil-in-place with a mean value of 7.5 billion barrels and a P1 value of 15 billion barrels.
The revision is based on the data acquired since the last resource evaluation of the Shaikan discovery by DGA issued in January 2010, which was supported by an additional third party analysis by Ryder Scott."

Fox-Davies analyst Lionel Therond - "The study was carried out by a more widely known and respected industry group, Ryder Scott. It is broadly comparable to Gulf Keystone's own estimate and as such it reinforces the potential size of the world class Shaikan oil discovery."

So having independantly analysed the data GKP DGA and Ryder Scott all came to broadly the same conclusion:-

"A P90 value of 4.9 billion barrels to a P10 value of 10.8 billion barrels of oil-in-place with a mean value of 7.5 billion barrels and a P1 value of 15 billion barrels."

And ERC Equipoise themselves said this:-

"It is ERC Equipoise's opinion that the technical information received from GKP was reasonable, based on similar evaluations prepared by ERC Equipoise."

JF - "This is a clear testament to not only the quality of the asset, from which there remains significant untapped potential."

Stuart Catterall - "Never in my entire career have I seen anything remotely like it."

John Stafford - "Remember there's 1km of oil in Shaikan, I've never worked with anything remotely like it. It's world class.""

[pensioner2] 26/2/2021 13:56

Aw, c'mon Muttley. Give us a smile. :-)

[cnpc_loves_gkp] 26/2/2021 13:43

Me neitherIWNWTBOOTOTW !;-)

[cnpc_loves_gkp] 26/2/2021 13:41

Closing in on 26,000Will he get there before the Sale RNS?25,9940 posts from the BIGDOG,Black Rock now have acquired 5.36% over 11,250,000 and increasing,Is it a pile of xcz&£, because almost 26,000 negative posts by an avatar says so ? Or do you follow the investment reality?LOL

[bigdog5] 26/2/2021 13:37

I'm not cross. I speak as I find and you're being a clueless schmuck.

You clowns desperately add 2 and 2 together and make 22 instead of 4. You're all clueless as to what really went on or goes on. So you invent BS just like h7 has been doing for 10 years.

There's h7 again posting about buy signals.

Ask yourselves if the field is that good why hasn't anyone taken it. The Insti's play the oil price, the BoD troughs, the hosts get what they want through tax and other means and the company provides jobs in the last great frontier. The major insti's and BH shorted the company down which resulted in a wipeout, made hundred's of £millions in doing so before taking it for a pittance.

The Kozel barrels don't exist but what does is a company that serves other purposes and has been doing so for 11 years. And you suckers assist all the above in the scheme. Now you suckers desperately wait in the hope that you can claw back your massive losses by pumping out total fantasy. But the hosts, BoD, City and Kurdish workers are so grateful you remain suckers:-)

[cnpc_loves_gkp] 26/2/2021 13:35

Naughty American wordsLOL

[pensioner2] 26/2/2021 13:13

Now then, Muttley. I know you're cross but there's no need to resort to naughty words like schmuck.