Gulf Keystone Petroleum Share Discussion Threads

[tess_tickle] 09/10/2016 21:02

Best post all day.

imho.

ds frank chisholm9 Oct '16 - 13:16 - 112 of 115 8 0

Alright gather round gather round.

Now a fairly heavy-set and hirsute gentleman by the name of Mr Riledwider has been in to the tent this morning to say that he has a "list" that I need to have a look at. I couldn't quite make out what he was saying as he had a very deep booming baritone that was distorted by some strange incoherent whining that was emanating from his skull which appeared to be the groaning of a very poorly maintained brain working overtime, but it certainly sounded like it could be information that is critical to our ongoing investigation.

The only problem is that I cannot make out the childish scrawl written in very thick crayon that is this 'list'; does anyone know of a handwriting specialist who could decode this intriguing, and obviously investigation-critical, smoking gun evidence?

[gkphero] 09/10/2016 21:02

200 more posts of utter pish over the weekend.

I hold GKP for at least a 10 bagger.

[wildrider7] 09/10/2016 21:00

tess
particularly agitated tonight
has he forgotten his medication?

[wildrider7] 09/10/2016 20:56

O_I thanks for the run-up
in other, Crestal are marketing GKP's assets, with the matching COO? i wonder?
well if it is the case, we should have a right to know don't you think?

[nestoframpers] 09/10/2016 20:52

Clearly JS needs the rope Bob , who else could it be , nasty pierce of work . Peart booted out JS next , filthy vermin.

[tess_tickle] 09/10/2016 20:51

Lose your money with DIGNITY


Thieving was bound to go on in the pretense of INDEPENDENCE.

[oil_investor] 09/10/2016 20:45

CRESTAL ENERGY - "CORNERSTONE DEALS"

Note the similarity with the word "Keystone".

Let's try to identify them.

TRANSACTION 1

Crestal claim to "have access" to a major asset which will produce first oil in Q1 2017. They say it had Oil In Place of up to 2.8 billion barrels.

They seek the share of a (not of "the") non-operating partner.

Initial share of production c. 7000 bopd net to Crestal rising to 20,000+ bopd net following further phases.

They say they will "negotiate with KRG and IOC asset holder who is undergoing a portfolio rationalisation process"

They say they will "provide independent challenge and support to the operator who has not necessarily operated in a fit-for-purpose way".

Note that Crestal do not claim to have operational familiarity with this asset.

This description fits Atrush. The OIP number fits perfectly.

Atrush is operated by TAQA and there are two non-operating partners: ShaMaran (20.1%) and Marathon (15%). Since Atrush is the only asset which ShaMaran have, they could hardly rationalise their portfolio by selling it because there wouldn't then be a portfolio. So on that basis, it would be the Marathon stake to which they claim to "have access".

The intended purchase price is put by Crestal Energy as $50m to $70m.


TRANSACTION 2

This is obviously Shaikan.

Crestal claim to have "advanced insights" into it, as well as an "intimate working knowledge" of it.

They describe it as a high volume producing asset, with significant existing low break-even production from naturally fractured carbonate reservoirs, and the potential for additional development, near term incremental and future MASSIVE full field development.

They say they want to acquire a significant working interest at a heavily discounted price.

They say they want to invest c $70 million to pay for enhanced production programme, drill an additional well and make improvement to production facilities. For that, they seek 10,000 bopd to 15,000 bopd initially, substantially more going forward.

They say they will negotiate with asset holders, the KRG and existing financiers who are currently seeking an acceptable funding solution.

They allege that the existing operator "lacks a competent JV partner". If this asset is Shaikan, then Crestal Energy appear to be alleging that MOL are incompetent.

Based upon GKP's current net production being c. 30,000 bopd, Crestal were apparently seeking to get one-third to one-half of the GKP 58% interest for $70 million.


TRANSACTION 3

Crestal Energy again claim to have "intimate working knowledge of the asset".

They claim to have access to and to have evaluated a major development-ready licence with a fully appraised discovery (with hundreds of millions of barrels).

They say that they seek to obtain 40% + in a PSC which is "about to be awarded".

They say they would take an operating or non-operating role. It therefore follows that there is currently no operator.

They say there is a suspended well which can be brought onto production within 9 months, using a leased production facility. This would initially give c. 2000 bopd to Crestal, rising strongly to c. 5000 bopd and then to a plateau of 13,000 bopd, with the potential to add 20,000 bopd to 60,000 bopd.

They say they would negotiate "immediately" with the KRG and a "new asset holder who may not be an operating oil and gas company".

The Year 1 investment was put at $20 million and the timescale was "A.S.A.P."

I believe this asset to be Sheikh Adi.


I am not surprised that investigations are underway into what has been taking place.

Just a Sunday evening mull.

[pocopicu] 09/10/2016 20:44

Enormous buy :-)

[lifeson] 09/10/2016 20:40

It is actually more fun with emotives 🙃🤓😜😋

[lifeson] 09/10/2016 20:36

Enormous buy Josey ✌️

[joseki] 09/10/2016 20:35

So Paul Carroll has been saying this is a huge buy for 5 years, at two pence is he not the one playing the fiddle of the fraud? Huge buy tomorrow apparently, why is that Carroll? Because this is a poison pill last minute takeover? Fraud.

[tess_tickle] 09/10/2016 20:34

Trus. doesn't think so.
Ains. doesn't think so.
Gerst. doesn't think so.
Prt. doesn't think so.

To hell with the £millions of exit awards.

Distance from the stench.

Better to just advise.

[lifeson] 09/10/2016 20:24

Massive buy nicey 🤑

[lifeson] 09/10/2016 20:20

Huge buy Sarah 👍

[cutthecagain] 09/10/2016 20:15

"I think I've been consistent ðŸ˜52;😊ðŸ32;ŠðŸ˜Š"

You have

Consistently wrong ðŸ˜52;😊ðŸ32;ŠðŸ˜Š"

[lifeson] 09/10/2016 20:11

1712, I truly hope both of those things mentioned in 521014 come your way soon.

[1712notout] 09/10/2016 20:09

Dinner sea side 😀😊😎😎
Let's see what the orchestra of fraudsters are playing tomorrow
Huge buy
🤓🤓😎😊8522;😋ԅ56;😳👀;😀🤓😀👀

[1712notout] 09/10/2016 20:00

Pps nest
Huge buy👀👀;👌😊😊😊
28522;

[oilman63] 09/10/2016 19:56

Paul you seem a little rattled.

I hope it was something I said 😃

Have you talked about incest yet ???

Or are you just realising that there is no poison pill and it's just you the prized pillock 😂😂😂🚔8110;🏻Ԅ05;🏻

[cutthecagain] 09/10/2016 19:53

"1712notout - 09 Oct 2016 - 19:45:20 - 521014 of 521015 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
Nest
There's making money
And
There's payback
I'm doing both next week
👌"



Excellent, I'd say you owe avatars a good amount with your BS poison pill.

[1712notout] 09/10/2016 19:52

Ps nest
Luck is not required for payback
Done deal
😎