Gulf Keystone Petroleum Share Discussion Threads

[habshan] 09/5/2021 21:48

"The Chinese did a academic study on behalf of the MNR.
Other universities around the world also did reports but the blog idiots didn't pump them lol."

Two things Tony.

Firstly, where does it say that the study was done on behalf of the MNR.

Secondly, the research was done by experts and researchers from CNOOC CNPC and research organisations including the Research Institute of Petroleum Exploration & Development.

Are you saying that their research and it's conclusions are wrong, and if you are saying that then maybe you could tell us what qualifies you to make that judgement.

[nestoframpers] 09/5/2021 16:03

More Foreigners courting Iraq




The Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, affirmed today, Sunday, the determination of the Iraqi government to restore stability to the liberated areas.



A statement of the General Secretariat received by Alsumaria News stated, "Al-Ghazi received an ambassador Kingdom of Norway Not residing in IraqToon Elizabeth. "

According to the statement, Al-Ghazi said, "The Iraqi government is serious about opening up to the countries of the world, because it possesses fertile land to establish investment projects and contribute to rotating the wheel of reconstruction in all regions." Iraq, And looks forward to Norway to have a major role in this field.


Regarding the program to restore stability to the liberated areas, Al-Ghazi indicated, "The Iraqi government is determined to end this file, and that Ministry of Immigration The displaced have made great strides towards closing a large number of camps and returning the displaced to their areas voluntarily, after the relevant ministries and international organizations contributed to restoring the infrastructure, road projects, schools, water and electric power networks.

Elizabeth praised the efforts of the Iraqi government to restore stability in the liberated areas, and its high coordination with the international community, "declaring its readiness.


Kingdom of Norway Extending a helping hand to contribute to ending the file of the displaced and rehabilitating the liberated areas.

She also publicly expressed her hope to take over the companies Norwegian Its role in Emaar Iraq And the establishment of investment projects, especially since its companies have begun implementing projects for solar energy in the governorate Karbala And Alexandria, according to the statement.


hxxps://www.alsumaria.tv/news/%D9%85%D8%AD%D9%84%D9%8A%D8%A7%D8%AA/382041/%D8%A7%D9%84%D8%BA%D8%B2%D9%8A-%D9%84%D9%80%

[habshan] 09/5/2021 14:19

Bigdog - "They targeted the lower zone with S12/S13 in the hope of adding to the reserves numbers. They got the opposite. Its why they aren't going to be producing from that lower level."

Total garbage.

Where does it say that they drilled to the Butmah because they wanted to add to the reserves then Bigdog. LINK?

They aren't going to be producing from that lower level (the Butmah) YET Bigdog because there are richer and easier pickings in the SAM which holds 75% of the Jurassic reserves and which contains lighter oil. When they moved up the well from the Butmah to the SAM production from Sh-12 increased from 4,600 to over 5,000 bpd.

They drilled down into the Butmah simply to use the well to do some appraisal work. It's all been explained to you several times Bigdog.

There was never any intention to produce from the Butmah other than for a short period for the purpose of gathering some production data.

And as already mentioned, the SAM oil is lighter (18 API) than the Butmah oil (11 API) and they don't want the Shaikan contribution to the export pipeline to be any heavier than necessary.

April last year - "the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development."

Last November - "Initial production from SH-12 was from the Lower Jurassic Butmah reservoir providing valuable information for future development planning. The workover involved moving up hole, perforating and producing from the main SAM reservoir."

EDISON - "Given it's low API we do not expect the heavier Butmah interval to be targeted until LATE in the production life of Shaikan."

And that's exactly what's happening.

They used SH-12 to do some Butmah appraisal work.

Development of the Butmah is for the future.

[pensioner2] 09/5/2021 14:01

I don't remember seeing this snippet before but, irrespective of that, it does somewhat smash Muttley's assertions that there's nothing to see (move along).
-----------------------------------------------------------------------------

China Oil Majors Reportedly Eyeing Gulf Keystone's Flagship Kurdistan Asset
13/12/2018 12:35pm
Dow Jones News

Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart

From May 2018 to May 2021

Click Here for more Gulf Keystone Petroleum Charts.
By Philip Waller


Chinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones Newswires

Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.

Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.

The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.

The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).

The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."

The report also appears to question a threshold used in a previous assessment of reserves at Shaikan to determine the level of rock porosity at which oil recovery would be viable, saying it is too high.

A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.

The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.

In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.

In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.

And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.

Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.


Write to Philip Waller at [e-mail]

[bigdog5] 09/5/2021 13:34

There have been four CPR's. The latest showed a massive downgrade to the numbers of the 3rd CPR which is what they were relying on up until September 2020. That therefore now makes what they were saying in March 2019 irrelevant. That's because of the new data collected including what they found at S12/S13 since. The latest CPR overrides all before it. If it had come out with better numbers would you be making excuses and trying to dismiss it?

The reason those numbers were altered down materially was what was discovered at S12 and S13. The Jurassic OWC is massively higher than they believed and were expecting. They targeted the lower zone with S12/S13 in the hope of adding to the reserves numbers. They got the opposite. Its why they aren't going to be producing from that lower level.

All you clueless rampers have been begging for another CPR to be published for years in the desperate hope it would match your ludicrous fantasies. Now its arrived you morons are backtracking, don't like it and say its conservative and wrong. So you're obviously saying the company are lying to shareholders. You should be looking at it that they are giving you the facts as otherwise they would leave themselves open to litigation for misleading investors. Its why no Presentation ever mentioned or referred to the Kozel numbers under JF's tenure. They aren't there in even a very small percentage and Eleven years on and thirteen wells later are the proof.

But it does seem that you're now agreeing with what we've been telling you for years and that the old numbers from the Kozel regime are out of date and now irrelevant. Not only that they're totally irrelevant simply because they don't exist.

When the huge revelation arrives in the coming weeks it will be yet another blow to all your delusional beliefs and fantasies.

[frenchybannedme] 08/5/2021 22:49

Why is it that the OilyStrawmanChild Group of Avatars are so concerned about the number of upticks and downticks, and have been for years?

Obviously this particular metric is of the upmost importance to them.

Just a mull.



KURDMAN63
8 May '21 - 21:12 - 630317 of 630324
0 1 0
You forgot to vote me down 😂

How about a post saying that over a hundred ADVFN posters think I'm an idiot 😂🤡

[nestoframpers] 08/5/2021 21:55

The Italians keep E 600 mill for two decades !


Economy News - Baghdad
A spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, announced that it will recover 600 million euros of Iraqi funds frozen in Italy.

Al-Sahaf said in a statement seen by "Al-Eqtisad News", that "work is underway to recover the Iraqi funds frozen in Italy since the time of the former regime, which amount to about 600 million euros."

Al-Sahhaf added, "We are working on diversifying Iraq's economic partnerships, and acquiring international support for investment, in confirmation of the great opportunities we have in various sectors."

It is noteworthy that Foreign Minister Fuad Hussein met in the Italian capital, Rome, a group of official economic institutions concerned with foreign trade and Italian companies, in an economic meeting sponsored by the Iraqi embassy in Rome.





hxxps://economy-news.net/content.php?id=25022

[kurdman63] 08/5/2021 21:38

And as predicted there's the Habscam post 😂🤡

Bit of a waste really because I can't see it 😂🤡

[habshan] 08/5/2021 21:19

"Why are all the new wells getting closer to the middle ???"

That's a very strange question Tony.

Surely any half sensible oilman would position his wells well away from the water.

And we know there is water at the flanks, so our wells have been positioned accordingly:-

Stuart Catterall - "You don't want to be too close to the water which you can pull up from the flanks, we're about 2-3 kms from the flanks, so we're quite some distance from the water."

And what's this all about:-

"the OWC is not as deep as they thought it was. Look at all the evidence from the east side of the field and PF2 production numbers."

What have the PF2 production numbers got to do with the OWC.

The PF2 production numbers are lower than the PF1 numbers because the exising wells at the east side have never been worked over or maintained and PF2 has not been debottlenecked or upgraded and the remaining work for the 55k program is all over at the east side.

And we know that the Jurassic reserves are split 50:50 between east and west.

So once the remaining work has been done and the last 2 production wells are on stream then production will be split more evenly between east and west.

Don't fret Tony, the experts have it under control.