Gulf Keystone Petroleum Share Discussion Threads

[habshan] 02/9/2021 18:05

"Here's a to the second update for you. They still haven't got SH13 on."

Can't say I'm impressed with that update Tony, we were told that only a few hours ago:-

"SH-13 expected to come onstream imminently; "

And when they do turn it on they'll probably release an RNS to tell us about it the same as they did with Sh-12.

[kurdman63] 02/9/2021 18:02

Digby,

They've also got water and that's why the MNR wouldn't allow them to fit more than one pump for ages. I did post about this but it got spammed away but time proved me right.

There has been an MNR concern that if they pushed the wells with pumps they would flood the fractures. So SH12 has been the test well.

Water treatment has been supplied to site earlier this year under the disguise as drilling fluid treatment plant.

[sinopec_gkp_new_owners] 02/9/2021 17:54

HTTPS://twitter.com/GoodnightCharl1/status/1433464370168844297?s=19

[habshan] 02/9/2021 17:48

"The 2 most productive wells are on crest and one of them is showing gas. They could lose both those wells to gas."

So you've found the elusive gas cap then Tony.

[k4n4k] 02/9/2021 17:47

GKP🛢️🐳. 📈

🏎️
28214; Open and ready.

🤡🍩 & 👰🤡🍩 = 😡+🔥🖥️8293;+💩504;🧠㊖4;🧠

🐕🐕🐕🐕8021;🤦‍;♂️

PIs💰💰;💰💰💰👍
29409;

[jp2011] 02/9/2021 17:42

It's a shame we don't get production by well because SH13 and 14 utilise new capacity on the PF2. SH-G ties into PF1 and there's not a lot of spare capacity perhaps 2k bopd so it will be interesting to know how they intend to use SH-G assuming it will produce 4-5000 bopd initially. Looks like it's a derisking well so when others go onto maintenance overall production is maintained.

[highlander7] 02/9/2021 17:40

Note

Developing Gulf Keystone's sustainability strategy, with the primary environmental focus on more than halving CO2 per barrel by 2025 by eliminating flaring

Which is exactly what I said in a prior post

“HOWEVER all companies do it in the early stages of production and are given permission to do so under these same regulations ( a dispensation) until it becomes reasonable to dispose of it by other methods . This is NORMAL oilfield practice”

H7

Leave it to the experts Doggie

[sinopec_gkp_new_owners] 02/9/2021 17:36

34p per annum$100m dividend a year +++ That could fund a huge bond issue instead ....that would raise all the cash they would need to get to 110k.....But they paying it out instead ,just waiting....IOC has to pay the RIGHT price....TAKEOVER now utterly inevitableHostile looking far more likely

[sinopec_gkp_new_owners] 02/9/2021 17:36

HTTPS://twitter.com/GoodnightCharl1/status/1433464370168844297?s=19

[sinopec_gkp_new_owners] 02/9/2021 17:36

2nd September 2021 in Iraq Oil & Gas NewsBy John Lee.Shares in Gulf Keystone Petroleum (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq, were trading 12 percent higher today after the company announced its results for the half year ended 30 June 2021.OUTLOOKTightening 2021 average gross production guidance range from 40,000 - 44,000 bopd to 42,000 â€" 44,000 bopdMaintaining 2021 gross Opex per barrel guidance of $2.5 to $2.9/bblThe addition of SH-G increases 2021 net Capex guidance from $55-$65 million to $75-$85 millionWith continued constructive engagement with the Ministry of Natural Resources ("MNR") and the Company's partner Kalegran B.V. (a subsidiary of MOL Hungarian Oil & Gas plc) ("MOL"), Gulf Keystone is expecting to submit an FDP in Q4 2021 to the MNR for approval.The FDP includes the continued ramp-up of Jurassic oil production, appraisal of the Triassic reservoir and a Gas Management Plan. We continue to optimise the scope, schedule and cost of the FDPDeveloping Gulf Keystone's sustainability strategy, with the primary environmental focus on more than halving CO2 per barrel by 2025 by eliminating flaringIn line with the Company's strategy of balancing investment in growth and returns toshareholders, Gulf Keystone is pleased to declare an interim dividend for 2021. The 2021 interim dividend is $50 million to be paid on 8 October 2021 based on a record date of 24 September 2021Following payment of the interim dividend, the Company will have distributed $100 million of dividends in 2021With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure© 2021 Iraq Business News. All Rights Reserved.

[highlander7] 02/9/2021 17:30

2nd September 2021 in Iraq Oil & Gas News
By John Lee.

Shares in Gulf Keystone Petroleum (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq, were trading 12 percent higher today after the company announced its results for the half year ended 30 June 2021.

OUTLOOK

Tightening 2021 average gross production guidance range from 40,000 - 44,000 bopd to 42,000 – 44,000 bopd

Maintaining 2021 gross Opex per barrel guidance of $2.5 to $2.9/bbl
The addition of SH-G increases 2021 net Capex guidance from $55-$65 million to $75-$85 million

With continued constructive engagement with the Ministry of Natural Resources ("MNR") and the Company's partner Kalegran B.V. (a subsidiary of MOL Hungarian Oil & Gas plc) ("MOL"), Gulf Keystone is expecting to submit an FDP in Q4 2021 to the MNR for approval.

The FDP includes the continued ramp-up of Jurassic oil production, appraisal of the Triassic reservoir and a Gas Management Plan. We continue to optimise the scope, schedule and cost of the FDP

Developing Gulf Keystone's sustainability strategy, with the primary environmental focus on more than halving CO2 per barrel by 2025 by eliminating flaring

In line with the Company's strategy of balancing investment in growth and returns to
shareholders, Gulf Keystone is pleased to declare an interim dividend for 2021. The 2021 interim dividend is $50 million to be paid on 8 October 2021 based on a record date of 24 September 2021

Following payment of the interim dividend, the Company will have distributed $100 million of dividends in 2021

With continuing strong oil prices and cash flow generation, there may be opportunities to consider further distributions to shareholders and to optimise the capital structure



© 2021 Iraq Business News. All Rights Reserved.

[officerdigby] 02/9/2021 17:29

That's what I mean. Run slower to allow the fractures to refill.

Possibly from the matrix. ...

AFAIK the CPR is based just on the fracture porosity. If you have refilling from the matrix you have much more reserves.

[sinopec_gkp_new_owners] 02/9/2021 17:19

HTTPS://twitter.com/GoodnightCharl1/status/1433464370168844297?s=19

[highlander7] 02/9/2021 17:18

Well today was a good surprise for a change. One thats about 10 years overdue for all the hardcore LTH on here.

Lets hope for a few more shortly.

GLA

H7

[sinopec_gkp_new_owners] 02/9/2021 17:12

34p per annum$100m dividend a year +++ That could fund a huge bond issue instead ....that would raise all the cash they would need to get to 110k.....But they paying it out instead ,just waiting....IOC has to pay the RIGHT price....TAKEOVER now utterly inevitableHostile looking far more likely

[kurdman63] 02/9/2021 17:10

Digby,

Don't fall into HabscamPaul's trap, you'll be saying it's sold to the Chinese for £888 next.

The east and west of the field are two totally different animals and SH1 is on crest.

Look at the production from SH12 and that has a pump fitted SH1 doesn't. The 2 most productive wells are on crest and one of them is showing gas. They could lose both those wells to gas and that would drop production by around a third.

What John said today is misleading and the fact that they don't workover the eastern wells tells us loads. While HabscamPaul try's to twist everything into a positive he can't explain why in life of this field only 2 wells have been worked over ???
It doesn't cost much and think of all that extra production 🤷‍a94;️

I only put in that report a very small fraction of what I have in front of me !

I always recommend trading this share.

[sinopec_gkp_new_owners] 02/9/2021 17:09

34p per annum$100m dividend a year +++ That could fund a huge bond issue instead ....that would raise all the cash they would need to get to 110k.....But they paying it out instead ,just waiting....IOC has to pay the RIGHT price....TAKEOVER now utterly inevitableHostile looking far more likely

[shortsqueezer] 02/9/2021 16:52

Price held well into the close. Bodes well for tomorrow

[officerdigby] 02/9/2021 16:19

Let's us not forget that SH1 was apparently producing at 9k till a few weeks ago.As Kurdman has told us. So new wells could go higher

[habshan] 02/9/2021 16:15

From the CEO today 😃 "We expect the wells to do an average of 5k each" so 12 wells we should be at 60k 🤷‍a94;️

You're absolutely hopeless aren't you Tony, that's not what he said at all, no wonder you get everything round your neck.

What he actually said was this:-

"We don't normally comment on individual wells other than typically make an estimate of around 5,000bpd from a well INITIALLY."

When he says 5kbpd INITIALLY Tony INITIALLY means he's talking about a NEW well. OBVIOUSLY.

What you clearly fail to understand Tony is that most of our wells were drilled up to 12 years ago and 5 or 6 of those are old exploration wells that are sub optimally located for production purposes and were never designed to be producers.

So when you interpret the CEO's statement "around 5,000bpd from a well INITIALLY" to mean "We expect the wells to do an average of 5k each" all you're doing is confirming yet again what we already know which is that you haven't got a clue what you're talking about.