Gulf Keystone Petroleum Share Discussion Threads

[guypender] 20/9/2018 18:58

Ok I assumed ESP installation would be overseen by a company like Schlumberger, maybe it isn't them, but I suspect the company will employ somebody who knows what they are doing! Why do you have to be so contrary?

[oilman63] 20/9/2018 18:39

A quick question if I may 🤔 I don't remember where it's said that Schlumberger are anything to do with GKP currently ??? Can someone point me in the direction ???

[guypender] 20/9/2018 18:06

You seem like a reasonable and intelligent sort of chap, if a little aloof at times. I do see you engage with the dog and occasionally correct his more wild assertions. He has obviously got 'history' with this share, haven't we all, but I don't understand why he adopts such a negative view when the company is in the best shape it has ever been in.As for engaging with other postersI'm sure there are others on this board who would engage more with you if you reached out and discussed both the positive and the negative.

[roverite12] 20/9/2018 17:57

Bigdog5 20 Sep '18 - 13:42 - 572321 of 572349 0 5 0 I was discussing the other day with an extremely knowledgeable oil company source ---------------------------------- Did you mention to him that you have written thousands of posts over many years stating your firm belief that Shaikan contained 100 BILLION barrels of oil and was worth over NINETEEN BILLION dollars - literally HUNDREDs OF TIMES your current valuation of £1.50 ? I'm sure this extremely knowledgeable oil company was really impressed with your expertise ..... LOL

[broadford bay] 20/9/2018 17:40

guypender, bigdog, at the very least, is a necessary and valuable compensating element to balance the sheer unquestioning acceptance by many of whatever is said by the company and is claimed by mood manipulators here on this and other boards. What other credible poster(s) do you suggest I should engage with? Re. Schlumberger, as I said, their advice will be given and will be based upon what they know and what data they are given, probably by the operator. That "knowledge" will then be a dynamic dataset which will require regular and irregular updating as things such as breakdowns happen - allowing diagnostic failure evaluation to take place and improvement modifications to be incorporated. I certainly don't question their skills, experience and abilities but they are not magicians.

[pensioner2] 20/9/2018 17:31

Look where trades 669 & 672 got buried. What's going on?

[pensioner2] 20/9/2018 17:23

Has the dog been buying again? Unusual volume on Wall Street. Is it part of the last push from GKP to buy in their own stock before the price rises too much?

[broadford bay] 20/9/2018 17:19

bigdog, as I said, everyone has to go thru the learning curve with ESPs. Even if you think/believe you know what's down there today, you might have to revisit that "knowledge" in a few months time. They have told us that the SH field is challenging; not only does the API grade vary with depth, but it also appears to vary across the field - as does the %S and %H2S. I don't think there are quite enough wells to map all of that at this time, so, and despite 3-D Seismic, you might end up sticking it in the wrong place. So, if your Q was a serious one, and not a leg pull, then I don't think the well is the problem. If you try to understand the AAPG presentation that was mentioned a couple of days ago, you will see that the type and size of the fractures also varies across the field and from formation to formation, also with depth. Ren mentioned years ago that GKP should really be looking at Horizontal Wells and he had a good head for these things. It's not my area and since Gramacho was hounded off the board by the gentlemen here who are determined to see positive signs, and who seem to lack the most basic ability to use what other educational skills they have attained, we have no-one with specialist knowledge who can properly comment. Perhaps you should ask oil_investor or Habsham, or even Guypender - they might know or have an educated & informed opinion? EDIT: Regarding the Schlumberger ESP results in the Khazak wells, there are actually better lifetime results to be found elsewhere than the 122 days mentioned here! But bear in mind the %S and %H2S in the SH formations (see CPR) and its plainly quite aggressive down there. Don't forget also that the operation of these modern ESP packages is now generally much more complicated than "switch on and forget"; variable speed controls and active cycling are now the norm - in association with live monitoring systems as mentioned in the article. Live monitoring systems by the way is code for extra, well-qualified people and increased costs! Cheers!