Gulf Keystone Petroleum Share Discussion Threads

[joseki] 12/10/2016 09:32

WildRider712 Oct '16 - 09:11 - 521752 of 521752 1 2
is Cutthecagain an apologist?

- first they come-out with 'Sheikh Adi was a duster'
=> denied by RNS, DGA and CPR
--------

Validated by the DSTs and the CPR, no flow, no production, duster. As was finally obvious when the bloc was returned to the KRG, to avoid any confusion or doubt.

And as wildriding rampist thinks cut is me and I am possibly John Stafford, cut you are Stafford.. Exceptional intellect at work from her there, we are privileged to witness this.

[nicebut] 12/10/2016 09:31

Sp price is 1.88p

D4E around the corner

GKP could`t sell AB SH or itself, infact it could`t do *ANY* corporate action

GKP had to hand back 3 licences at vast cost.

18 companies looked and said no thank you- And you still think it`s the jewel in the crown?

2 more CPRs which don`t tally with Typos non sense.

I think I know who`ll listen to ,thank you.

[gkpzero] 12/10/2016 09:27

Sorry o_i, could you please explain how the massive 'Typo' fits into all of this?

[wildrider7] 12/10/2016 09:26

thanks polysale

from genel operational update
'The four wells are expected to cost less than $20 million in total'

how much was JS quoting us to add 1 well to bring us to 55k bopd?
one thing for sure I wouldn't send him to do my shopping

[oil_investor] 12/10/2016 09:20

Oh dear.

Now another convoluted piece of flawed logic from cutthecagain which simply does not work.

Tony Peart said at the recent SGM that the Shaikan Reserves are "huge and real". He is separately recorded on tape admitting that information was being concealed from the shareholders. He has also made other comments which I am not going to put on here...at least, not yet.

Phil Dimmock said at the recent SGM that Shaikan will produce "for more than 100 years".

Jon Ferrier has said that Shaikan will produce "for generations" and "beyond the lifetimes of our grandchildren".

There is no point anyone denying the above.

And I have made it VERY CLEAR on here that ERC have recently said to a very well-known geophysicist that there is a major difference between RESERVES in the one hand and RESOURCES on the other hand. No doubt the Director of Geoscience at ERC would confirm that this is the case.

And I have also shown IN COMPREHENSIVE DETAIL on here that the Category 3 "High Case" Reserves and Resources figure for Shaikan, in the MOST RECENT CPR, is 2.65 billion barrels gross, being a recovery factor of 25.8% of those reservoir formations which which ERC had assessed for primary recovery. It is 20.1% of the total Hydrocarbons In Place including the non-recovery-assessed reservoir formations.

And this latest CPR from ERC gives a figure of 13.2 billion barrels equivalent In Place. That figure is admittedly a little lower than the 13.7 billion barrels Oil In Place which DGA gave, but the difference is hardly going to make very much difference, now is it? And the ERC figures reflect the ERC "water in the fractures" HYPOTHESIS. There is no PROOF of it. Indeed, ERC say that it is just a hypothesis. And John Stafford very plainly said on video that he disagreed with the ERC hypothesis.

So how can Cutthecagain's claim that GKP had given its shareholders "a distorted impression through 'sales patter' about the size of the asset" reconcile with these facts?

And in any case the pre-ERC numbers came from Dynamic Global Advisors (DGA) as well as from Ryder Scott. So were DGA and Ryder Scott giving a "distorted impression"? The allegations simply do not hold together, once a detailed reconciliation is done between the ERC and DGA/RS numbers for Shaikan. And as I showed at the weekend, the 2015 ERC numbers for Sheikh Adi were actually a little LARGER than the DGA initial assessment of Sheikh Adi which was made in 2011.

One final point. John Stafford (and John Gerstenlauer) BOTH presented the same sort of Shaikan "In Place reconciliation" which I have done on here. With the same results. They presented that on the GKP website.

Just another post-letting-the-cat-out-again mull.

[polysale] 12/10/2016 09:19

Genel Energy Plc (GENL)

Wednesday 12 October, 2016

Kurdistan Operational Update

[wildrider7] 12/10/2016 09:11

is Cutthecagain an apologist?

- first they come-out with 'Sheikh Adi was a duster'
=> denied by RNS, DGA and CPR
were they trying to deflect from the Crestal revelations?
anyway they failed
so they revert to talking about the share price

- Then Oilman Suggest going to September 2011,
=> O_I gave us
oil_investor 12 Oct '16 ­ 01:32 ­ 521729

a must read for anyone interested in the truth

=> so now we wait with abated breath what Oilman was insinuating by

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Oilman63 12 Oct '16 ­ 00:38 ­ 521728 
No Bob let's not let you brainwash people. Let's go back to September 2011 and work ;forwards from there.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

=> and once you are done with it tell us more about how you came to have in your possession the Ryder Scott concealed report

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Oilman63 12 Oct '16 ­ 00:32 ­ 521725 
Would you like to know his name Bob ??? And that report you keep going ;on about would you like me to send you my very old copy. And I feel honored to be your no1 most hated troll 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

=> Posterior and plate spring to mind

[joseki] 12/10/2016 08:53

The hapless muppet is contradicting himself, is it not the Maserati masquerader who is using a 2013 report to try and invalidate the 2014 CPR? Lmao.

It is also entertaining to see this idiot stumble on the difference between a Competent Persons Report (CPR), and a competent person. The world must be such a confusing place.

[lobo] 12/10/2016 08:51

While we wait for d-day, have you seen this...

[cutthecagain] 12/10/2016 08:48

I can't believe I'm responding to this and I do so in most cases not to put O_I straight but to ensure that more persons are not led down his well worn garden path.

O_I asserts that the missing presentations are due to the fact that the asset is greater than the company have stated it is and those presentations prove it

Flip it

How about (and this is why most people were in uproar at the time), the CPR was correct, the OWC on SH6 was correct (it wasn't drilling fluid) but the company had to put out those presentations because of the way they had previously handled the situation by not correctly reporting SH6 and because shareholders had clearly been given a distorted impression through "sales patter" about the size of the asset.

The TWO subsequent CPR's are consistent with this theory
The fact that there have been 18 companies in the data room and not one has bid enough to cover the debt and a bit for shareholders is consistent with this theory
The valuation attributed to the company in the bond holder deal is consistent with this theory
The fact further debt could not be obtained is consistent with this theory

[ccr1958] 12/10/2016 08:44

Oi. None of them do .

[1712notout] 12/10/2016 08:44

I know 1.9p
What a bargain
Fill yer boots
💪😎😱😜8522;😜ԅ40;😊😇;

[gkpzero] 12/10/2016 08:41

The real & only truth is 1.9p

[oil_investor] 12/10/2016 08:39

Oh dear.

Nicebut doesn't like the truth?

[nicebut] 12/10/2016 08:38

Give it a rest O_I, please.

[oil_investor] 12/10/2016 08:34

Oh dear.

The absurdity gets even greater...if that were possible.

What Joseki now claims is that a "non competent person report (by which he means the PESGB presentation) is challenging a competent person report".

But this makes no sense!

The PESGB presentation was dated July 2013, whereas the CPR was dated March 2014. So it was actually the other way round, if one wants to look at it in date sequence.

And there is another snag.

Another very big snag, in fact.

It concerns John Stafford.

For it is the case that John Stafford challenged the CPR - prepared by his previous employer, ERC - on 13 March 2014. He did so in his joint presentation (with John Gerstenlauer) which was recorded as an RNS'd webcast and put onto the website later that day. Of course, it then became inaccessible in late October 2015 because the hyperlink to it was altered, to take the shareholders to a spurious message "For technical reasons this video is unavailable, for which we apologise". Anastasia Vvedenskaya then told Jon Ferrier her CEO that the webcast was "permanently lost, with no back-ups". But that is untrue. We know from the "willoicc" hyperlink that the webcast is STILL THERE ON THE SUPPORTING BRR MEDIA WEBSITE but Miss Vvedenskaya refuses to reinstate the hyperlink to it. How very, very, strange.

And he challenged the CPR again, on 25 April 2014! He did so in his GulfTV video which was made available by GKP at about 7am that morning (there being a reference to it at 07:15 on the blogs). That video has also, inexplicably, disappeared.

Joseki also asserts that "there is an ocean of difference between which one is actually qualified". By which he means, by necessary inference, that the ERC CPR was written by a qualified person, and John Stafford's PESGB "CPR" (as he describes it) was not.

But hold hard!

Let's take a look at how John Stafford is described on his "Senior Management" page of GKP's current website:

* "John's background is in geoscience having particular exposure to field development, reserve certification and reporting and equity redetermination"

Got that? Reserve certification etc? But read on McDuff:

* "John gained experience with several service companies including ECL, Schlumberger and PGS [note: this is the old name of ERC - o_i] running projects in integrated field management and ALL ASPECT [my emphasis] of reserves certification and reporting including defence documents AND COMPETENT PERSONS REPORTS [again, my emphasis]"

So John Stafford is surely a Competent Person! And his PESGB slides were therefore written and presented by a Competent Person.

Joseki asks "did anyone get a link to those slides?"

Er...rather better than that. Visual images of those slides were posted on here - and more than once.

Just a post-letting-the-cat-back-in mull

[gkpzero] 12/10/2016 08:32

I'm coming soon, just like johnbuy before breakfast.

[1712notout] 12/10/2016 08:31

Get kylie on that rocket JB
Huge buy
💪😀😊👍8519;😮ԅ12;👍

[nicebut] 12/10/2016 08:15

Good summation 1302SB

[1302sb] 12/10/2016 07:59

Bob, Borgo doesn't know anymore than the rest of us, he was simply surmising that the will be big changes after the restructuring. You keep pumping away and banging on about old reports and joseki attending a meeting, none of which will affect the future of GKP, nor the share price Admit it bob, your irrelevant now and have served the purpose of those pulling your strings. I hope you were well rewarded for it, especially at Opus as your actions will hang about you forever, and what reputation you had is trashed with your sociopathic behavior. Why don't you crawl back under your stone and reinvent yourself on another board to pump some other stock. Your disciples have pretty much lost everything they have now, does that make you happy ?

[1712notout] 12/10/2016 07:57

Very interested in trading pattern today
Volatility may be a pointer

Let's see if someone still needs to drag 'oldco' stock out of the market when 'newco' 23 billion sale starts Friday

I'm having more if the knickers pulled down again
Huge buy
😊😀😳🖖8523;👀ԅ22;😀😎;😊

[joseki] 12/10/2016 07:56

Oh? But the muppet claims the PESGB challenges the CPR but is no CPR.

Let's get this straight, that fool has been banging on about a non-competent persons report challenging a competent persons report. There is an ocean of difference between which one is actually qualified, follows due protocol, integrity of data, calculation and methodology. So is someone admitting yhat tuch things are not present in their prized slides? Was it all one big misrepresentation by a muppet who slipped up merely over the technicalities of documentation? Lol.

Did anyone get a link to those slides? Didn't think so.

[pocopicu] 12/10/2016 07:52

O_I - you are leading them by the nose .... but they are far too stupid to see it :-)Enjoy your sport today ;-)