Gulf Keystone Petroleum Share Discussion Threads

[paulsfullofcrap] 24/10/2021 19:51

Oh sorry... I didn’t mean Paul I meant The Stockport Warren Buffet ;)

[sold_to_cnpc_before_xmas] 24/10/2021 19:30

Who's Paul ?

[paulsfullofcrap] 24/10/2021 19:28

Paul you have been very quiet on Twitter recently.... run out of things to say over there?

[paulsfullofcrap] 24/10/2021 18:12

Bigdog - “I'm one of the very few that's been getting their views correct for years” Last year when the oil price was at $10 Bigdog - "The oil price is predicted to stay low for a long time." Way to go sucker. LOL Takeover before Valentines days 2023

[highlander7] 24/10/2021 18:11

The content of any Consultants report is decided by the client and only based on information received from the client . If they dont give the Consultant a report then it will not be either used or referenced.

That why you take any Report issued by GKP with a pinch of salt- and check the referenced documents in the report carefully. Because thats what the report summary will be based on.

If it isnt referenced it hasnt been used.

H7

[rafrider] 24/10/2021 18:05

Hey BigdogSeems that oil prices are going to spike a lot higher as oil futures are in backwardation like so many other commodities. This means the price of oil deliverable now is more expensive than in the future. A very bullish sign and positive for GKP!!Cut and paste from Bloomberg article below"Crude backwardation remains relentless," said Keshav Lohiya, founder of Oilytics, noting that the last time spreads were this strong WTI was above $100. "Either structure is too pricey or flat price is undervalued, our guess is the latter."The strengthening curve comes at a time when increasing numbers of analysts, traders and investors are once again talking of the prospects of oil prices returning to $100 a barrel. That possibility is being supported by an energy crisis that's boosting demand for petroleum to be used for power generation, and steadily decreasing stockpiles worldwide.In the case of WTI, though, the strength has been compounded this week by a sharp drop in inventories at the U.S. storage hub of Cushing, Oklahoma, where oil futures are priced.The market could be just weeks away from Cushing effectively running out of crude, JPMorgan Chase & Co. analysts including Natasha Kaneva said in a report. If nothing changes at the storage hub, WTI front spreads may spike to record levels and into a "super-backwardation scenario," they said.Bigdog, what's not to like?All info for freeYour'e welcome ?

[nestoframpers] 24/10/2021 17:55

I didn't know that Eddie but nothing surprises me in Re to Shaikan and it's gradual cloaking post discovery.

[eddie47] 24/10/2021 17:35

Question is nesto. Why was the Ryder Scott report not referenced in the bibliography of the CPR. Because ERCE were not given it.

[paulsfullofcrap] 24/10/2021 15:36

Bigdog - “I'm one of the very few that's been getting their views correct for years”

Last year when the oil price was at $10

Bigdog - "The oil price is predicted to stay low for a long time."

Way to go sucker. LOL

Takeover before Valentines days 2023

[highlander7] 24/10/2021 15:14

Im not surprised your p*ssed off Doggie. It wasnt supposed to be this way was it ?
GKP was supposed to fail (according to you) and we genuine LTH were supposed to lose everything. Then you would appear telling we "morons" how stupid we were and how smart you were .

But that hasnt happened doggie has it ? GKP is now a roaring success and will shortly be making more profit than its current market cap and hopefully be sold. We "morons" are making a fortune in dividends. You have been shown up for the long term serial clueless teller of porkies that you are and we are laughing at you.

To quote one of your own long term favourites.

"Happy days "

or as I would put it.

Karma.

Have a good day ...

H7

LOL

[bigdog5] 24/10/2021 14:38

Poor old nestofsuckers still posting up the data from the Kozel years which ought to be obvious by now even to you clueless morons, it was all BS. That's why they weren't able to answer the questions put to them because they would have had to lie and/or would be seen as contradicting each other. That would then mean more questions and lies.

It will become more obvious as time passes however I predict that when it all happens you clowns will still endeavour to deny it all.

A few of us will try not to laugh and ridicule you suckers but its gonna be real tough:-)

[nestoframpers] 24/10/2021 14:26

nestoframpers - 17 Mar 2015 - 20:07:20 - 408368 of 643607

THE NEW GKP / Drilling for Super Giants (moderated) - GKP


Bob posts

The plain fact of the matter is that Gulf have said the CPR is "conservative". And that word gives the game away. For how is it possible to state that something is understated, unless one knows what the ACTUAL figure is?

"Based upon the observations from the well data, combined with an understanding of the structural geometry and drawing upon comparisons with other structures in the region, we estimated a range of bulk fracture porosity for the Jurassic reservoirs of 0.1%, 0.4% and 0.7% for low, mid and high case estimates".

That's what was stated in the CPR.

Several obvious issues arise from that, as follows:

#1. ERC Equipoise are here claiming that their 0.4% took account of the well data, and therefore they imply that their figure was partly based upon empirical data. But there is no explanation as to why the independent studies done by Ryder Scott etc. were not taken into account: Gulf had spent over $1 million on such external studies at a very early Shaikan-1 stage.

#2. they refer to "other structures in the region" but without naming them. Surely, fracture expert Dr. Hattingh (a co-author) was aware of the highly-fractured Kirkuk? Was he saying that Kirkuk has a fracture porosity that is very low? As regards other reservoirs covered by PSCs in Kurdistan, nothing can be found in the public domain regarding their fracture porosity. So what could possibly be the source for ERC Equipoise of any NON-SHAIKAN DATA, because they stated in para.3 of the CPR that additional data was PUBLIC DOMAIN MATERIAL. So it is very unclear what data they have been using.

#3. elsewhere in the CPR they state that "From the available data, comprising fieldwork, core and image logs, ERCE has concluded that two families of fractures are present in the Shaiksn field (para. 5.3.2). But this is immediately seen as contradictory to their statement above, which refers to them having quantified the fracture system - from a low level of 0.1% which is hardly heavy fracturing at all! - using "fieldwork", "structural geometry" and "comparisons with other structures". But ERCE admit in the CPR to have never gone to Kurdistan in connection with this CPR work! Therefore it could not have been THEIR fieldwork, but that of someone else. Who is seemingly not identified in the CPR. This of course begs the question "since you have used someone else's fieldwork, why did you apparently not use the Ryder Scott Report, which was a study of the fracture system?"

#4. in 5.9.3.2 of the CPR (quoted above) ERCE say that the FDP is essentially a FRACTURE SYSTEM DEVELOPMENT PLAN. But they suggest that the fracture porosity might actually be as low ad 0.1%! Which is virtually solid limestone! And Shaikan could not conceivably have Productivity Indices of 200 to 500, and multi-Darcy permeability, in that case!

Round and round and round we go...


Report post GKPJoanna Southcott: FractureShocker!Today 09:32

"The fact that the oil column in the Jurassic is over 1000m thick, and that the aquifer is only present on the flanks of the (Shaikan) reservoir rather than directly underneath, reduces the chance of early water production. We anticipate the flanks to be at the greatest risk of early water breakthrough".

Who said that...Joanna Southcott? No, it was actually ERC Equipoise, and we find it at paragraph 5.9.2 of their CPR.

So in one part of the CPR they suggest that there is water in the fracture system, a system which is described by ERC Equipoise as "the primary source of oil that...the Field Development Plan and Addendum aim to recover" (paragraph 5.9.3.2). And that it contains water "only 50 metres below where we flowed dry oil at Shaikan-2" (John Gerstenlauer, 13 March 2014).

But in another part of the CPR they say that only wells on the flank of the structure would produce water with the oil.

No wonder John Gerstenlauer was looking rather baffled on 13 March 2014 when he and John Stafford had the unenviable job of publicly presenting the CPR.

John G. also said "we produced dry oil from the (deeper) Butmah at Shaikan-4", we find that statement 18-19 minutes into the 13 March 2014 presentation.

"There's water in that thar fracture system" suggests ERC Equipoise, "but something is stopping it coming up the wells".

To explain that, the fractures below the purported fracture OWC would have to be closed. But if that were the case, how could there be a 1000+ metre oil column?

Round and round and round we go, in circles.

[bigdog5] 24/10/2021 14:14

nestoframpers24 Oct '21 - 13:59 - 643605 of 643606
0 1 0
"Bob was a really good poster as he was a LTH and very smart."

Obviously not smart enough to understand that everything to do with Kozel was BS.

And be honest, although he talked a good game he got zero correct and as has been proved none of his theories have occured as fact. The reasons they were unable to answer many of his questions is the simple fact that the data and views coming from the company were BS. It would have been obvious that whatever they said would have been seen to be complete porkies.

[k4n4k] 24/10/2021 14:13

🍩 63 &👰Ӿ49; 63 ↘️€701;

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