Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 20/11/2021 19:51

travels over 200 miles with a loaded semi automatic weapon

No wrong , it was at his Dads house in Kenosa .

[k4n4k] 20/11/2021 19:28

🐕🐕🐕🐕8021;=🧠€657;

[eddie47] 20/11/2021 19:01

Biggest commercial legal case of the decade IMO.

[banggone] 20/11/2021 16:31

SOLD BEFORE CHRISTMAS::: BANG GONE .A decade or so ago, in the biggest commercial legal case of the year , over which legal costs were over £ 50m, EXPERTS on either side, in a court room , placed a value of £2-4bn on the company - when there was no production infrastructure , no production and no revenue. Huge revenues now , a doubling of reserves since then , and the market cap is less than £ 1/2 a billion. The buyer(s) investment bankers have certainly done a job on suppressing the market share price pre trade sale.Bang Gone IMO.

[40quidminimum] 20/11/2021 14:22

SOLD BEFORE CHRISTMAS

MINIMUM 40 QUID

[bigdog5] 20/11/2021 14:19

Wow you poor schmucks are really desperate having to resort to posting up an article about Chevers thats over ten years old. As I've said so many times it doesn't take an interested party very long to decide if a field is worth buying. So can we take it that Chevers are another company that had a mull and done nothing about it?

I note the Asians just can't get enough of the Yanky sweet crude. According to the article that you rampers have all strangely ignored its all down to the high costs of refining the sour grades. ShaiCON has a few barrels of heavy sour grade doesn't it:-)

[guypender] 20/11/2021 14:00

Low self esteem

[highlander7] 20/11/2021 12:48

That makes sense Cicero...

LOL

[40quidminimum] 20/11/2021 12:28

Plenty of RNS this week.

[cicero666] 20/11/2021 12:06

H7
It's more than that for Biden. He's unconscious in the Walter Reed Hospital, where he's been since February. His role as POTUS(phoney)has been played by crisis actor Arthur Roberts, but even he is starting to go gaga with the stress. He's 83!

[nestoframpers] 20/11/2021 12:04

OT / Rittenhouse , amazing that Black people are of the mind that Rittenhouse shot 3 Black people !

[habshan] 20/11/2021 11:47

"Good post AttyG thanks."

Indeed.

Good work Atty, nice piece of analysis.

[highlander7] 20/11/2021 11:26

Releasing the 60 day strategic oil reserve will just make it worse in the long term. Because the reserve will require (by law) to be kept full. i.e. topped back up and it has to bought on the world oil market.

" The Strategic Petroleum Reserve ( SPR) is a supply of petroleum held by the United States Department of Energy (DOE) for emergency fuel. It is the largest emergency supply in the world, and its underground tanks in Louisiana and Texas have capacity for 797 million barrels (126,700,000 m 3 ). The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973–1974 oil embargo, to mitigate future supply disruptions "

Biden either has advanced dementia , is thick , or both. One thing is sure the Democrats are going to get a kicking in the mid terms next year and the OP is going to keep heading North.

IMO

[nestoframpers] 20/11/2021 11:20

Good post AttyG thanks

[attyg] 20/11/2021 11:04

The irony of inhibiting oil production/development in the US, while publicly blaming OPEC+ for the increase in petrol at US forecourts because OPEC+ are not pumping as much oil as the US would want and thus lower the oil price appears to be lost on Biden.

To now state the US will release some of their strategic oil reserves onto the market and to publicly request other countries follow suit, in a publicly declared attempt to influence the oil price downwards is once again the US thinking they can run the world to suit themselves.

I don’t recall the US buying heaps of oil to support the oil price last year when the OPEC+ countries were on their knees due to the oil price collapse (though China did take advantage).

While it is pleasing that S Korea’s strategic oil reserves are not to be released to accommodate market movements in the oil price (by law), many other countries will doubtless release some of their oil reserves to appease the US.
However, any such releases will surely have to be replaced in the near future – after all the purpose of a strategic oil reserve is to ensure domestic supply is not interrupted and the lights stay on. So, while there may be a temporary demand reduction, it is not unreasonable to expect a one off demand increase in, when, 2022 Q1 or 2, or 3 at the latest, these reserves are rebuilt.

So, any one-off release of strategic oil reserves will be just that, a one-off increase in supply. It does not change the on-going demand for oil and all the articles/reports Beernut etc post explicitly state that demand is expected to be greater than supply. Thus the reduction in the oil price we presently see will be temporary and by extension, the reduction in the GKP share price will, in my view, be temporary also.

However, if anyone is concerned about the direction of travel of the GKP sp, remember that GKP makes LOTS of money even with the oil price at $70 and we should also recognise that OPEC+ may consider retaliatory action and curtail some production due to this lack of demand following any releases of oil onto the market from strategic oil reserves.

It might be that the US is using up its goodwill in the ME and why would OPEC+ not work at getting the oil price to north of $100 and higher still.

I would.

[noreply1] 20/11/2021 00:00

#Austria: oil demand stands somewhere between 250-280kbpd, about 0.3% of global oil demand - The oil price drop today is more a concern which country is next in announcing a lockdown than falling Austrian oil demand #oott

[goatcam] 19/11/2021 22:23

oh yea... and they also advise CNPC...

hxxps://www.herbertsmithfreehills.com/our-expertise/sector/oil-and-gas

Looks like little old worthless GKP is in with some serious company...

[goatcam] 19/11/2021 22:05

Thanks for the reply P2. Did a bit of research and just found this.

hxxps://www.legal500.com/c/london/projects-energy-and-natural-resources/oil-and-gas/

Herbert Smith Freehills LLP is instructed by a number of leading energy companies including Chevron on major transactions, disputes, and project financings. Lewis McDonald is the global head of the energy group, which works on matters across regions including Asia and Africa. Corporate partner Steven Dalton has a focus on energy and natural infrastructure M&A work

So.... Chevron for the takeover? Where have I heard that before? Oh yea..



Chevron has "run the slide rule" over the Shaikan onshore block, which is majority owned by London-listed group Gulf Keystone Petroleum

[pensioner2] 19/11/2021 21:39

It says so on their website, Goatcam, under "advisers". Incidentally there's a major shareholders list as at 15/10/21 which shows little difference to the 15/9/21 one.

[goatcam] 19/11/2021 21:09

BangGone, Paul, etc etc "HERBERT SMITH FREEHILLS are acting for Gulf"

I would be intersted to know why you think this.... care to comment please?

[bigdog5] 19/11/2021 21:02

"forced to retreat by complex geology and growing criticism in the City."

Could that also apply to the shaiCON field of extremely heavy?

[highlander7] 19/11/2021 19:33

It will be enough to buy GKP.

[nestoframpers] 19/11/2021 19:25

600 Bn doesn't go far , 600 deep sea wells only.

Wed 30 Nov 2011 16.24 GMT

A $1bn (£640m) bet by a British firm to find commercial quantities of oil in the Arctic has ended in failure and there is now mounting speculation there will be no more drilling by Cairn Energy next year.

The controversial exploration off Greenland was physically opposed by Greenpeace but Cairn has been forced to retreat by complex geology and growing criticism in the City.