Gulf Keystone Petroleum Share Discussion Threads

[cutthecagain] 15/10/2016 11:29

Fake: Is this the one where O_I through naivety and delusion sets up his own demise?

I think so

[lardner23] 15/10/2016 11:29

No worries, cut.

I'm many things to many people on here. They've all been wrong, but a selection includes Alex Buck, Mrs John Stafford, 'V', Peart's mate, an MC lawyer, an investment banker and I assume I'm one of JB's city mutants too.

Next I think I'll try a little Freddie and go identity mad :))

[oil_investor] 15/10/2016 11:17

Oh dear.

Oilman63 thinks the Police are not proceeding with investigations.

Oh but they are.

[cutthecagain] 15/10/2016 11:10

Sorry Lardner I missed you out of our tangled web,

Haven't you been "triangulated" to working for Memery Crystal or the PR guru. I'm not sure how either would fit in with this elaborate plan but apparently, it does.

Mittyland: where only nonsense makes sense

[gkp heros] 15/10/2016 10:55

It's curtains for the pi's I have written this investment off like many others caza, LGO, afren and many others. To think this company was getting prepared for FTSE 100 status and now it's struggling to stay on the AIM is disgusting to everyone that has put life savings on the line!!!You got a better chance of making money by loading your cash in a suitcase taking it to vegas and sticking it on red or black!!

[gkp heros] 15/10/2016 10:51

I can see this company getting delisted from the AIM next. It's happy to so many oil companies that have seen their shares diluted massively. I lost a fortune with CAZA they went from 800 million to 20 billion shares and then were delisted. The dream of getting £10 a share is over I can't ever see this being 10p never now

[cutthecagain] 15/10/2016 10:50

Terry ....and extreme paranoia

"Software" ticking him down

Yes we run a complex and elaborate system in conjunction with the triangulated "Phillis" (Peart) funded by M&G (even though they lost a wedge on GKP) and in conjunction with American judges who have done a "fit up" on Kozel to make it look like changes in corporate governance were required.

The "secret squirrels" as they're known by radio comms (Stafford and Av) are still in office and I posted up the (should I mention it) Crestal Presentation so I could quake in my boots every time a blogger mentioned it.

"If he needs help he should ask for it"

I agree Lardner, 100%

Disclaimer: knowing how paranoid and delusional some of you are, not one item in the above account is true. This is what Waterhouse and his chums have tried to project for years along with a whole heap of other nonsense.

[lardner23] 15/10/2016 10:45

Cut, I must admit I'm either lazy or miserly, but I rarely bother with ticks. I did tick Highlander7 down once and explained why, which seemed only fair. But generally it's all too much effort, imo. I must have hundreds of the little blighters stored up somewhere, like unused minutes on a monthly phone contract :)

[oil_investor] 15/10/2016 10:35

nestoframpers: you establish, using a standard petrophysical formula, a figure for the Shaikan Fracture Porosity which approaches 3%.

That formula would calculate Primary Fracture Porosity (tectonic cracks) and some Secondary Fracture Porosity (dissolution slots, created by acidic water passing through the tectonic cracks and opening them up, prior to the oil charge). GKP confirm in writing that there are "millimetre- to centimetre-scale dissolution slots" present at Shaikan. But it would not take account of more uncommon Secondary Fracture Porosity features which potentially result from much more extensive acidic dissolution prior to oil charge. These manifest themselves in the form of "vugs", which are holes in the carbonate, which can vary in size from ping pong balls to tennis balls, gopher holes, and can be as large as footballs. When these holes exist, the porosity deriving from them is called "vugular porosity". There was a reference to GKP mentioning gopher-sized holes at the presentation in Belfast. At the top end of the carbonate reservoir Secondary Fracture Porosity range is what is termed "cavernous porosity". This is where the gopher holes and football-sized holes have connected up together, to form a cave system. The acidic water then passes through it, as in the limestone cave systems in e.g. Yorkshire of course, and opens them up.

If you travel West from Shaikan along the Zagros you will find one of the highest quality carbonate reservoirs in the world, albeit far from the largest in size. It is riddled with vugs, you can see them on the image logs. And if you travel East from Shaikan along the Zagros you will find a massive reservoir with cavernous porosity. That reservoir is Kirkuk.

So when ERC said 0.4% Fracture Porosity in March 2014, the immediate reaction of a chairman-level geophysicist friend of mine was one of incredulity. Embarrassingly for ERC, a Professor of carbonate reservoirs whom they know very well has suggested in writing that Shaikan could have a Fracture Porosity of 3%. One of the UK's leading experts in fractured carbonates has also suggested that 3% could be found at a Zagros Fold Belt reservoir such as Shaikan. And Joseki reported in 27 May 2012 that GKP said at the analyst presentation that the original assumption was 0.8% but it had been proved to be 3%. So all those figures are consistent. What's more, John Stafford had said in October 2011 at the Society of Petroleum Engineers event at the Geological Society that GKP had got a good idea of the fracture system, and three months before the analyst meeting GKP had received the Ryder Scott Shaikan Fracture Report. GKP also said in the May 2012 Investor Presentation that the volume of oil in the Shaikan Fracture System had been quantified. Stafford then told his PESGB audience in July 2013 that SHAIKAN was "all a bit shot to pieces with fractures...but that's a good thing". Was he making it all up? Of course not.

And then we have the March 2014 GKP video comments that Shaikan had the biggest fracture system that they had seen, and the biggest that ERC had seen. And GKP said that you can find in the academic literature Fracture Porosity figures about double the 0.4% ERC "adopted" figure. Well you can actually find them ten times as big...and more...if you look hard enough.

And then John Gerstenlauer referred to the drill bit dropping about 10 metres at Shaikan through some sort of void. Why did he mention that...was it a pointer perhaps to possible cavernous porosity? With only about nine wells drilled on Shaikan at that time, to encounter even one such event is potentially significant.

But there is additional evidence that Shaikan is not some relatively lightly-fractured piece of carbonate. There were massive drill mud losses when these wells were being drilled, including total lost circulation. This is accepted within the industry as a sign of high porosity. And when the core barrels were removed from the Shaikan wells, some of them contained only rubble. There was no "core" as such. This of course reconciles with Stafford's comment about it being "shot to pieces" with fractures. And it also shows that he couldn't have been making it up. Unfortunately, ERC avoided going to the Shaikan site despite all the years they have been engaged on the work (nearly five years now, according to my dates) and they have apparently not spoken to the drilling team. How complete is the picture of Shaikan which they have? They emphasise that they can only assess Shaikan on what GKP (ie Stafford, whom Vvedenskaya has quite extraordinarily termed "the Custodian of the Data", as if we were playing some Dungeons and Dragons etc. game) has given them.

Which is all very interesting. But let's throw some numbers into the pot. All of them come from Stafford:

* average Shaikan Well Priductivity Index 250 barrels per day per psi of pressure drawdown. This is a COLOSSAL figure, at the top-end of what you can find anywhere in the world

* Shaikan permeability 12000 mD. This again is a COLOSSAL figure. It means that oil will move through Shaikan about twelve times faster than it would through dry, loose sand

* Shaikan Transient Drainage Radius 6 miles on a 3-month test. This again is COLOSSAL. And it is further evidenced by statements by GKP that all the Shaikan wells are in pressure communication with each other

* Shaikan Connected Volume (in the Jurassic) around 13 billion barrels. Er...make of that what you will.

Ford RS200: "Too Fast To Race"

Shaikan Fracture Porosity: "Too High To Reveal"?

Just a pre-breakfast mull.

[cutthecagain] 15/10/2016 10:33

It might be a general dislike for the poster that invokes the dreaded red tick - as if it matters. The millionaire could always turn blue himself and return the favour - or perhaps he doesn't have the free cash?

So JF says he needs no deals now.

85% of GKP could have been been bought for about $600,000,000 (buying out the bonds) and yet not one of the 18 went for it.

You can't blame them when receivables are written off.

The risk now is whether the company should hold in the hope that the Leopard will change it's spots or fold due to the risk that it won't.

[joseki] 15/10/2016 10:27

wow, when was this:
" I seem to recall that bob's dislike of Anastasia Vvedenskaya started after she rebuffed his amorous advances. "

I thought his only affections outside wedlock were Wildrider and this supposed office blonde when he was apparently a young Casanova lmao

[fake taxi] 15/10/2016 10:21

Sorry Lardner I jumped the gun, I have just read your post, I agree.

[fake taxi] 15/10/2016 10:19

That was in reply to this.Oil_Investor - 15 Oct 2016 - 09:34 - 523069 of 523078 - 1Within about 3 seconds of post #523068 being posted, it was ticked-down. Is this being done using software?

[lardner23] 15/10/2016 10:02

Lol, gkpzero. Hell hath no fury :))

Well, I'm just trying to understand what this is all about and why nothing appears to have been achieved. If O_I needs help, he should ask for it.

[j0ck ewing] 15/10/2016 09:57

How's the hangover, notout?

I don't blame you mate.

[gkpzero] 15/10/2016 09:56

lardner,

I seem to recall that bob's dislike of Anastasia Vvedenskaya started after she rebuffed his amorous advances. I think he is acting as a woman scorned.

As they say in the West Indies, she smelt the leather ,,,,,,,,,,,,, and ran like hell!

[j0ck ewing] 15/10/2016 09:56

Wildrider, did you tick 523068 down? You little Judas you!

[1712notout] 15/10/2016 09:55

Desperate sellers turned into marching on to delivery

No flood of stock now the city in control

They've done the thieving they won't be short changing their own holdings now

This will move up

Too how much and too a final takeout who knows.

So having resumed coverage on newco

I instigate new coverage on newco with a huge buy recommendation as newco just like oldco trades at an enormous discount to net trade worth

But this time the city will move this up

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