Gulf Keystone Petroleum Share Discussion Threads

[nicebut] 10/10/2016 08:16

Explains perhaps why they couldn`t sell these `assets`...Inflated meaningless OIPs- Which presumably were used as the keystone of there bonuses and remuneration too?

So you agree that SA1 didn`t flow oil? What did it flow?

How much did it cost to hand them back?

Issuing multi million OIP figs is supposed to make you think it`s a pretty good acreage isn`t it- Not- Oh by the way it doesn`t flow oil and we`re going to hand it back for $10m in the future.

[nicebut] 10/10/2016 08:10

Fe11,

LOL

Hardly a case is it...`If` and ` If` and then some dodgy opinion from the sociopath after 2 more CPRs...Not exactly solid evidence is it?

[1712notout] 10/10/2016 08:06

Good Morning con men ,con women ,criminalfraudsters,shareholders,dangerous fantasists , harmless fantasists , conspirators,Tony Peart,punters,professional observers, teddy bears ,the FCA , john Stafford,
all at RAK ,the SFO ,CFD traders, all occupants of the free world.
What a wonderful day to fill your boots with Gkp equity.The certificates that have been deliberately screwed into the the ground.And soon to become rather hot property .
Huge buy imvho of course
Just a mull
All the best
👍😍👍😎8549;😠ԅ63;😇😇;😮😠

[lobo] 10/10/2016 08:03

Ok ...387 posts to read from Friday eve.
Is there anything in there different from the previous 387 posts?

Maybe one a two gems ...but I'll skip.

[fairenough11] 10/10/2016 08:00

If it is Stafford who's involved with Crestal and information from Shaikan has been held back from shareholders plus the DODGY CPR/Porosity/RF,it is more THAN A CONFLICT OF INTEREST,much more.

IMO.

[cutthecagain] 10/10/2016 07:56

It will all end in tears IMO

Joseki: not my report but I'm in no doubt to its authenticity

Good morning all :D

[nicebut] 10/10/2016 07:51

But did it, the first well, flow oil? (I`m not shouting- no CAPS here just a nice cup of earl grey and PG tips brewed together.)

Did you ever regret anything you posted? Or apologise for misleading folk?

[oil_investor] 10/10/2016 07:46

For heaven's sake.

The shouting and screaming was recently that Sheikh Adi was a VERY VALUABLE asset which had been handed-back to the KRG when it should not have been, avoidably reducing GKP's Reserves and Resources.

Now it's that Sheikh Adi was over-egged, with bogus Oil In Place numbers.

Oil In Place can be assessed without a flow test. It is standard practice in the industry!

The reality is that the ERC assessment of Sheikh Adi gave Oil Initially In Place numbers which were actually above the earlier DGA figure. As my post clearly shows.

[nicebut] 10/10/2016 07:20

Tony,

Not sure he ever regrets anything- There`s not an ounce of humility in him. Don`t hold your breath. Lies and spamming- all for what ? 2p?

1. Rumours of take-overs...
2. 12.8bn reserves based on a typo- literally thousands of posts.

So did SA1 flow oil? No it didn`t. Therefore its affectively a duster, isn't it? Every well GKP went quiet on was a problem well. Just not reported on- hidden. For 18 months in SH-6`s case.

This is exactly my point- How can a non-flowing well have so much OIP attributed to it- It basically shows how meaningless the OIP figs were: From the RNS?

`sheikh Adi 1B was drilled to 3780m in the Triassic. GKP did wireline logging and took core samples, and DGA assessed the Oil In Place by integrating that with the 2D and 3D seismic together with regional data. That gave a P90 of 3 billion barrels OIP, a P50 of 1.9 billion barrels OIP, and a P10 of 3 billion barrels OIP.`

[che sinonion] 10/10/2016 06:49

Shh Bigger Thus!

Calling people names will surely bring you in to the realms of Bob's investigation!

Careless talk costs lives!

[oil_investor] 10/10/2016 00:14

For heaven's sake.

What on earth is he going on about NOW?

Coming to regret things?

For quoting from the GKP news release of 11 August 2011 and the CPR of 30 September 2015?

It beggars belief, it really does.

[oil_investor] 10/10/2016 00:05

owdbuffer: that must be the hanging wall, it can't be the footwall?

[tess_tickle] 10/10/2016 00:04

She's forming a splinter group.

[owdbuffer] 09/10/2016 23:59

Do you realise that Cashti's ex wife has had it away with £250 million of your money.

Most of it she has wasted, applying laminate flooring to her walls.

Disgraceful.

[oil_investor] 09/10/2016 23:56

250 British troops being deployed to Mosul.

[oil_investor] 09/10/2016 23:49

For heaven's sake.

I am not going to engage in any direct discussion with "Nicebut" but I will nonetheless address his points.

Sheikh Adi 1B was drilled to 3780m in the Triassic. GKP did wireline logging and took core samples, and DGA assessed the Oil In Place by integrating that with the 2D and 3D seismic together with regional data. That gave a P90 of 1 billion barrels OIP, a P50 of 1.9 billion barrels OIP, and a P10 of 3 billion barrels OIP.

There was no "duster".

In the 30 September 2015 CPR, ERC gave OIIP (Oil Initially In Place) on a Best (= P50 basically) of:

Discovered Oil: 2.169 billion barrels
Undiscovered Oil: 0.427 billion barrels
Total = 2.596 billion barrels

(out of interest, the High Case figure was 3.557 billion barrels OIIP)

So we see that the ERC figure, in the CPR, is actually higher than the DGA figure.

The Shaikan Transient Drainage Radius was measured, for the Jurassic, as 6 miles on a 3-month test. That figure was given by John Stafford in the July 2013 PESGB presentation in London. The Sheikh Adi FOOTWALL is merely the Western end of Shaikan, the only thing separating them is a pencil line on a map. It's all the same thing. Therefore Shaikan-4 will draw oil from Sheikh Adi as well as from Shaikan. The well doesn't "know" it's a Shaikan well lol, it doesn't care!

Unitisation of Sheikh Adi and Shaikan is unavoidable IN THE FOOTWALL.

[cutthecagain] 09/10/2016 23:42

That extends to his threats on other stocks as well.