Gulf Keystone Petroleum Share Discussion Threads

[soho2] 25/4/2021 13:12

I see another scum has appeared on this thread predicting that the company will be sold by 24/5... and filtered....

[nestoframpers] 25/4/2021 11:06

I can see Farage spitting his porridge out when he saw this.

[nestoframpers] 25/4/2021 10:58

Sunday reading

[bigdog5] 25/4/2021 10:52

You clueless morons were begging for a new CPR cos you desperately want the three earlier ones to be wrong. You still think they must be "hiding" barrels, you're wrong again. If they were wouldn't that invite litigation? Its why under JF's regime all references were wiped from their website and were never mentioned in any presentations.

You've seen the latest CPR, its a huge downgrade to what was announced only last September. The Kozel barrels that he and mates troughed on are fantasy. They've even had to big up the "C" numbers" in order to make the CPR look better than it really is. I predicted there would have to be a massive downgrade and that it would likely come in under 300m net to the company. I was spot on, again.

Its the OWC being found hundred's of metres higher in the Jurassic. Strange they make no reference to it innit:-) But why would they as downgrades always muller the SP, just look at what happened at Genel. Hence, talk up the "C" numbers and regularly drop in the word "potential". Page two of oil companies "playbook".

How's the latest biscuit fest coming along:-)

[eddie47] 24/4/2021 23:33

My money's on the Jaaps!

[nestoframpers] 24/4/2021 22:12

Hence we see an endless stream of diplomats courting the Kurds.

[k4n4k] 24/4/2021 22:01

From back in the day...

hxxp://www.theoilandgasweek.com/030413/project.html

Gulf Keystone Petroleum has four licences across some of the Kurdistan Region of Iraq’s most prolific hydrocarbons traps. Together, the Shaikan, Sheikh Adi, Akri-Bijeel, Ber Bahr blocks hold some 19 billion barrels of oil, according to gross mean oil in place estimates. With mean estimates of 13.7 billion barrels of oil in place, the Shaikan field is by far the largest of these prospects, and one of the largest global discoveries in the past decade.
Heralded as the jewel in the crown of the Kurdistan Region’s oilfields, the work programme on Shaikan advanced quickly; from the first discovery at the Shaikan-1 well in the summer of 2009, to the Shaikan-5 and Shaikan-6 wells, which completed Gulf Keystone’s five-well appraisal programme in the summer of 2012. Led by Gulf Keystone CEO Todd Kozel, the ambitious Shaikan appraisal campaign concluded with a declaration of commerciality in August 2012. Leading up to the commercial discovery, mean reserve estimates grew 83 percent in the 16 months following the independent audits conducted in April 2011.

Highway to 100,000 bopd: Gulf Keystone will transition from a major player in exploration to a significant force in development and production at the Shaikan field in 2013 and beyond. With a field development plan submitted in January 2013, Gulf Keystone is currently setting up the rig on their first development well, and plans to increase production to at least 40,000 bopd by the end of 2013.
Gulf Keystone has been working on the construction of two early production facilities. PF-1, now complete, will replace Gulf Keystone’s original extended well test facility, and PF-2 is due for completion in July 2013. When connected to Shaikan’s producing wells, the early production facilities will be capable of producing a total of 40,000 barrels of oil per day (bopd). By the end of 2013, the company has targeted production rates of 40,000 bopd at Shaikan and may exceed this target.
Gulf Keystone is poised to become one of the region’s largest producers, targeting 150,000 bopd in 2015, and full plateau production thereafter. The company has completed a feasibility study for a 122-kilometre pipeline that will carry Shaikan crude to market, connecting to the existing Kirkuk-Ceyhan pipeline.

Contingent blocks: While Shaikan is undoubtedly the sweet spot of Gulf Keystone’s exploration and development programme, other prospects show a lot of promise. Key among these is the Sheikh Adi block, where the company holds an 80-percent operating interest. Two exploration wells drilled to date have confirmed P90 reserves of 1 billion barrels of oil in place. Directly to the west of Shaikan, Sheikh Adi will become part of a strategic development programme. The field may in fact share some of the same structures as Shaikan, as oil recovered from Sheikh Adi has similar characteristics to Shaikan well tests. Gulf Keystone will continue with an aggressive appraisal programme on Sheikh Adi in 2013, with wells targeting multiple target zones.
Asked about the wider significance of Shaikan Kozel said, “An area such as the Kurdistan Region that can produce 1 million-2 million barrels of oil per day has the ability to affect world oil prices. Kurdistan will be capable of matching the production of Kuwait or Abu Dhabi, and we have the capability to do 40 percent of that. The reality today is that this region will be very important to world oil markets and it cannot be overlooked or ignored. When you have a region that can produce that quantity of oil the world cannot turn its back.”

[guypender] 24/4/2021 20:39

McFly=Useful Idiot

[nestoframpers] 24/4/2021 18:31

Or - If you join ISIS prepare to die.

[habshan] 24/4/2021 14:22

"But that's what clueless rampers have to resort to innit, complete fantasy:-)"

Hello Sarah.

So what do you think their man in the boardroom Garret Soden should tell Lansdowne to do then.

[bigdog5] 24/4/2021 13:51

But unlike you h7 I get my views and predictions correct. And that's what really angers and annoys all you clueless fantasy posting clowns.

Just like the old days I note you've finally come around to my view that all the bragged about barrels that Kozel and his mates paid themselves on aren't there and are complete fantasy. As otherwise why state you will be selling at a modest amount.

The evidence is clearly in the four CPR's that all you clueless idiots try to dismiss but the facts are all there. You were all really desperate for the fourth CPR to come out with huge numbers to support your fantasies but in fact it was a huge downgrade. Just like I said it would be.

The downgrade to reserves is a result of them discovering the oil water contact hundred's of metres higher than where the company have always expected it to be. More evidence that you idiots desperately dismiss is that the latest wells were specifically targeting the lower Jurassic and they wanted to produce from that lower zone. The company then say they won't be producing from the lower depth but much higher which of course has you morons desperately thinking up ludicrous excuses as to why.

Its real simple to join up the clues. OWC found much higher and a massive downgrade to the Jurassic reserves which now need the "C" numbers added just to try and make the picture look much better than it really is. And as everyone knows the "C" numbers are worthless.

Its rather strange that you people can put 2+2 together and get 22 but you have to desperately dismiss the totally obvious.

But that's what clueless rampers have to resort to innit, complete fantasy:-)