Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 06/2/2022 16:07

S13 and S14 "productivity has been below expectations"

Myself and a few others informed you months ago there were major problems at those wells. habSCUM made their regular excuses. You really like his BS even though its been proved countless times that's all it is. Remember he was saying 55k a day would be arriving imminently over 12 months ago? Desperate is as desperate does innit.

S12, water was found at the targeted lower depth (trying to increase Reserves) and the drill was brought back up to produce from the higher zone. The company announced recently that "Following the early appearance of trace quantities of water, production from the well has been temporarily curtailed" You clueless suckers all refused to believe us. You wanted proof, you now have it.

However, it seems to me and others the company are saying they've found water in the "higher zone". They say "Water ingress is common in fractured carbonate reservoirs like the Shaikan Field. Gulf Keystone has historically experienced trace amounts of water in a few other wells and has been successfully optimising their production levels". We've been telling you that for years. "Trace amounts though"???????? Quarterly dividends and not solving water, flaring and pressure issues??? LOL.

So it looks as though they've found water "in the higher zone" as well and that's why they've had to curtail production from S12.

The latest CPR's numbers will have to be adjusted downwards due to S12 finding water "at the lower zone". However it stands to all reason that will be compounded if S12 has found water at the "higher level".

Carpet and sweep, spin the words , keep quiet about the "iffy stuff". Are you clueless rampers positive you're not being taken for suckers?

[shortsqueezer] 06/2/2022 15:49

Oh yes. I'd forgotten about that. Just mesmerised by the rise in share price :-)Might buy a few more tomorrow if we get a dip at open.

[goatcam] 06/2/2022 15:47

LOL.... that’s when our dividend is paid

[shortsqueezer] 06/2/2022 15:44

What's happening on the 25th ?

[steephill cove] 06/2/2022 15:40

Roll on the 25th 🤣👍📈

Just 4 days left until the GKP money making machine is EX DIV 💪

[frenchybannedme] 05/2/2022 19:24

I remember the Avatar bumpr.

Sold cars I think. BMW maybe.
Had to go back to work when the dream was over.


Was also into acid house grooves pre 90's.

Probably a very interesting chap if still alive.

[nestoframpers] 05/2/2022 17:28

If I do not recognise a poster from 2009 or there about they get binned I do not want to have to read the BB for too long, seen too many short term punters come and go , I miss the decent posters like Daffyd , yellowsnow , bumpr etc

[0ili0] 05/2/2022 13:40

Is Zebari a LTHer? 🤔

[beernut] 05/2/2022 12:00

Al-Sadr calls his deputies to vote for the candidate who "met the requirements for the presidency"
Iraq News
Muqtada Al-Sadr
2022-02-04 18:40
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Shafaq News/ The leader of the Sadrist Movement, Muqtada al-Sadr, called his representatives to not vote for any candidate who has not met the necessary conditions for the presidency.

"If the candidate of our ally, the Kurdistan Democratic Party, has not met the requirements for the presidency, then I call our deputies not to vote for him," Al-Sadr said on Twitter.

"We are advocates of reform, not of power or authority," he added.

While the PUK insists upon naming Barham Salih for a second mandate, its rival (Kurdistan Democratic Party-KDP) does not agree that he has "adequately discharged" the role of President and named Hoshyar Zebari as its candidate for the position.

Per the power-sharing formula between the two leading Kurdish parties, the President of the Republic was usually named by the PUK. However, this might change in light of the parliamentary election results that saw the KDP securing 31 seats, compared to the PUK's 17.

[beernut] 05/2/2022 11:58

Think they’re voting on Tuesday

Al-Sadr' condition is fully applied to Hoshyar Zebari to be the next President, a KDP leader says
Iraq News
Hoshyar Zebari
2022-02-04 19:18
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Shafaq News/ The Kurdistan Democratic Party (KDP) confirmed that the leader, Hoshyar Zebari, is the candidate of the National Majority Alliance fr the Iraqi Presidency.

Commenting to al-Sadr's tweet about voting for the best candidate for the presidency, Masoud Haider, advisor to the KDP head Masoud Barzani said in a TV interview that "Zebari is the candidate of the National Majority Alliance, which includes the Sadrist bloc, the Kurdistan Democratic Party, and the Al-Siyada Alliance.

Noting that "Al-Sadr's tweet is an emphasis on his respect for state institutions and support for the reform process."

He added, "Al-Sadr's condition to vote for the candidate for the President of the Republic's post is fully applied to Zebari, and he remains our candidate."

On the Shiite Coordination Framework's votes, Haider said, "We have not received negative messages from the Framework, and there will be major changes during the next 72 hours."

Earlier today, the leader of the Sadrist Movement, Muqtada al-Sadr, called his representatives to not vote for any candidate who has not met the necessary conditions for the presidency.

"If the candidate of our ally, the Kurdistan Democratic Party, has not met the requirements for the presidency, then I call our deputies not to vote for him," Al-Sadr said on Twitter.

"We are advocates of reform, not of power or authority," he added.

While the PUK insists upon naming Barham Salih for a second mandate, its rival (Kurdistan Democratic Party-KDP) does not agree that he has "adequately discharged" the role of President and named Hoshyar Zebari as its candidate for the position.

Per the power-sharing formula between the two leading Kurdish parties, the President of the Republic was usually named by the PUK. However, this might change in light of the parliamentary election results that saw the KDP securing 31 seats, compared to the PUK's 17.

[officerdigby] 05/2/2022 11:39

Extra volume is oil breakout. Look around PTAL, I3E etc. All the same.All the time traders jumping into oil stocks.

[shortsqueezer] 05/2/2022 09:34

It also reminds me of the old days when the Sunday papers would prep their write up on a Friday.

[nestoframpers] 05/2/2022 09:26

I hope the increased Vol is GKP buying back. Otherwise it is a KRG leak to friends imo.

[highlander7] 05/2/2022 09:09

Well they all have the cash for Shaikan....

==========================================================================

SHELL’S PROFITS ARE EMBARRASSINGLY LARGE .

It's tough to be an oil major, though there are tens of billions of reasons not to feel too sorry for them.

Shell PLC's (LSE:SHEL, NYSE:SHEL, EURONEXT:SHELL) bulging fourth-quarter results are terribly timed, revealing an embarrassment of cash slap bang in the centre of UK political circus over the fuel costs and growing calls for a ‘windfall̵7; tax on energy companies.

The UK domiciled producer – that actually produces most of its hydrocarbons abroad – revealed it generated nearly US$55bn of cash through 2021, in a results statement.

[highlander7] 05/2/2022 06:05

Poor old Doggie indeed , missed the boat again by the sounds of it LOL
=================================================================================

$90 Oil Is Only The Beginning
By Irina Slav - Jan 30, 2022, 6:00 PM CST

The current move in oil prices is largely attributed to geopolitical risk.

The next major move in oil could be triggered if inventories fall to critical levels. Wall Street’s consensus seems to be that Brent will reach $100 by the summer.

Brent crude touched $90 per barrel briefly this week for the first time in years. This latest jump was attributed to tensions around Ukraine, but this is the most transitory reason for oil price rises. The bigger reasons all have to do with fundamentals. And $90 per barrel of Brent may be only the beginning. A lot has been written recently about OPEC's spare capacity and the not too rosy outlook for it. That spare capacity is in decline for several reasons, but chief among them appears to be underinvestment. As a result, JP Morgan earlier this month warned that Brent could rise to $125 per barrel as OPEC's spare production capacity falls to 4 percent of total capacity by the fourth quarter of 2022.

The International Energy Agency has gone even further, warning OPEC spare capacity could fall by half to just 2.6 million bpd in the second half of the year. The agency then went on to say that, "If demand continues to grow strongly or supply disappoints, the low level of stocks and shrinking spare capacity means that oil markets could be in for another volatile year in 2022."

It is not just OPEC, however. The biggest non-OPEC producer of oil—and biggest oil producer globally—is pumping less than it can. Pressure from shareholders on public oil majors in the United States has increased, as has an insistence that companies focus on greening up their operations instead of looking for more oil and gas to extract. As a result, the U.S. is pumping less oil than it could and, many would argue, should.

As a result, the stage seems set for another expensive year in oil, which happens to coincide with an expensive year overall as central banks begin tightening monetary policies in response to stubborn inflation that, like the IEA's oil demand forecasts from the early days of the pandemic, proved to be far from the transitory glitch the Fed said it was last year.

"The oil market is heading for simultaneously low inventories, low spare capacity and still low investment," Morgan Stanley analysts wrote in a note cited by the Wall Street Journal this week, summing up the situation quite nicely. In this situation, $90 for a barrel of Brent may be just the beginning.

[goatcam] 04/2/2022 22:30

Here's some more, from John Stafford's presentation at the Petroleum Exploration Society of Great Britain in July 2013. I have posted these details before, but they are IMO highly significant, not least because Gulf's Head of IR refuses to make his slides available, or answer shareholder emails as to why they cannot be seen. "Oilclone" who attended took notes, and said that Stafford gave the following details: * Productivity Index 250 (subsequently said by Gulf to be in the range 200+ to 500; I think Stafford was giving a mean value. This is an INCREDIBLY high number). * Permeability 12,000 mD (12 Darcy, again an astonishingly high number). * Radius of Investigation 317,000 feet. (now this expression has an alternative name: the Transient Drainage Radius. It's a measure of the distance, from the well being tested, that the oil is moving toward the well. This is an astonishing SIXTY MILES) * Time: 2,188 hours (this appears to be the duration of the flow test, 91 days, to establish the "Radius" etc data) * Connected Volume 13 billion barrels (this is, according to standard definition, the volume within the radius of the well). It's not exactly difficult to see the significance of these numbers.

[nestoframpers] 04/2/2022 22:15

yes next week is going to be interesting.

[pensioner2] 04/2/2022 21:49

Brent over $94 but pulled back now to $93.6. Very firm uptrend now though and it, too, has broken out on the weekly.

[bubblingup] 04/2/2022 20:54

Gulf Keystone Petroleum Ltd (GKP:LSE) set a new 52-week high during today's trading session when it reached 240.00. Over this period, the share price is up 56.41%.

[nestoframpers] 04/2/2022 20:30

in 2012 at £4 the Mk Cap was £8 bill , today that is about £40 a share with 213 mill shares . That was long before the Chinese study and their revised FP figs ;o)

[johnbuysghost] 04/2/2022 19:55

GKP was worth a fortune in 2009. It's worth more in 2022.