Gulf Keystone Petroleum Share Discussion Threads

[hpcg] 14/10/2016 10:21

dreamweaver - there is no missing pound. The shop owner received £25, the buyers paid £27 and the boy has £2. £2 is coincidentally what £50 quids worth of GKP shares purchased 1 year ago are now worth.

[lobo] 14/10/2016 10:18

"such that the PIs (who were then the majority of the shareholding)"

Disagree, the instis were well on board at that time.
and the 9p mates rates listing saw a favoured few "connected" peeps get in.

I don't think Exxon would worry who were benefiting, if they really wanted the prize.

[shaftdrive1] 14/10/2016 10:18

You assume people in the oil industry,or posters with important clever oil industry avatars tell the truth...biiiig mistake!
Slider....have asked myself and can only come up with...🙊8584;🙉

[terry hardacre] 14/10/2016 10:17

The ego has landed

[oil_investor] 14/10/2016 10:10

IT'S ALL ABOUT THE BARRELS

A few items, in bullet point form, which some may perhaps find interesting.

* Shaikan was only seen as a "middle order" PSC at the PSC-award stage (hence GKP getting it)

* chance of failure assessed as 75% to 80% (evidence to the Judge)

* "risked" value of Shaikan pre-drill "fifty shades of zero" (expert witness Mr. Rogers)

* Shaikan-1 finds colossal oil accumulation mid-2009

* volume of oil in Shaikan described in late 2009 as "unmeasurable" (Adnan Samarrai)

* DGA begin in 2010 to quantify what's there, Ryder Scott assessment matches

* GKP appraise Shaikan 2011-2012, Appraisal Report given to MNR September 2012

* in September 2011 Peart, Vvedenskaya and Ainsworth give the 400,000 to 500,000 bopd interview

* in October 2011 Stafford says 440,000 bopd from the Jurassic alone

* in October 2011 Stafford reveals that the fracture system is largely understood

* in October 2011 Stafford suggests dual-Porosity responses at Shaikan

* in November 2011 a major Trip to China is planned

* in December 2011 Mark Leftly is fed information for publication

* in end-January 2012 John Gerstenlauer values Shaikan at c. £5.60 per share

* in February 2012 Todd Kozel gives a very bullish interview to Mark Leftly

* in February 2012 GKP finally arrange the (delayed) Trip to China for March 2012

* in February 2012 GKP receive the Ryder Scott Fracture Report

* on return from China in March 2012 the Exit Awards are rushed through

* in May 2012 GKP tell the shareholders that the Shaikan Fracture Porosity has been established

* in July 2013, awaiting the Judge's verdict on the Excalibur case, Stafford reveals c. 13 billion barrels Jurassic connected volume, 6-mile drainage radius, massive 12 Darcy permeability and average well Productivity Indices of a world-class 250

* in July 2013 Stafford refers to specialised tests performed between September 2010 and February 2012 which showed an "excellent match with dual-Porosity model"

Putting that lot together, I pose the question: was Shaikan SIMPLY TOO BIG to be sold at that time, such that the PIs (who were then the majority of the shareholding) would receive a MASSIVE WINDFALL?

The KRG knew, from 2009, the colossal volume of Oil In Place. But what was the Recovery Factor? How much oil was in the MASSIVE FRACTURE NETWORK and therefore very easily recoverable? Was there a dual-Porosity response from the reservoir? Looking at the dates above, I now believe that the KRG knew the value of Shaikan just before GKP went to China.

Just a pre-late breakfast mull.

[slider27] 14/10/2016 10:09

Ask yourself who are the name and faceless bondholders

[shaftdrive1] 14/10/2016 10:06

Lobo,they have the KRG for that! arf
Healthy volume....somethings up? 😁

[gkphero] 14/10/2016 10:05

All the offer plus excess shares will make a profit here.

[lobo] 14/10/2016 10:04

poco,
I guess he's in there to make sure the existing bod do and say the right things behind closed doors.

[shaftdrive1] 14/10/2016 10:04

Mr R/phillis...I believe a tanker driver/spanner monkey has left (NED) shock...Lord 1712? Cripes! Said over 2345 months ago,we'll slowly see the nobs dissolve in their own sweat.where John's hero Zen,sorry,Zor?...12much was in the US bible belt trying to convert rednecks to sing ToddisGod during his 😁 World Tour of Glazgee.As said yesterday,these gimps actually believe they are taken serious!....Gonna have to find another legal hi once this dust settles.... Sheeesk

[pocopicu] 14/10/2016 10:01

Answer....because they aren't!

[pocopicu] 14/10/2016 10:00

Anyone worked out why we need an extra NED when the directors/bondholders are intent on selling to DNO?

[mr roper] 14/10/2016 09:55

anyone worked out why we need an extra NED when we've given up 3 licenses...gravy train for the Troughers!

[lobo] 14/10/2016 09:51

Advfn don't show the new share issues?

I would think that the new issue would have occur out of trading hours, so if it is today, then a temporary suspension?

[trader11] 14/10/2016 09:48

The Bhs took it

[deanroberthunt] 14/10/2016 09:46

@c31161

ok, well don't then.

[deanroberthunt] 14/10/2016 09:45

am I making you buy any ?

[c31161] 14/10/2016 09:45

Can't understand why anyone would dare buy in at this period of time, this could more than half again

[cutthecagain] 14/10/2016 09:43

Dean: You think the bond holders want more than 1.1p because up to now they haven't accepted the deal. If no other offers come in and the KRG have a few more months not paying for the oil the bond holders will be on the back foot, in a weak position and DNO could negotiate down.

It's a poignant time for payments and sporadic, unreliable payments aren't likely to entice bidders IMO.

[tess_tickle] 14/10/2016 09:42

D.N.O.

23,000,000,000



TAKE IT

[oil_investor] 14/10/2016 09:41

Nicebut claims that GKP published a figure of 12.8 billion barrels of Reserves. Which he claims was a typo.

He has got it all wrong, because that is NOT what they said at all.