Gulf Keystone Petroleum Share Discussion Threads

[oil_investor] 15/10/2016 12:33

More foolishness from hearts1.

So no surprises there then.

[hearts1] 15/10/2016 12:31

I see NOR has been playing wingman again to Bobs increasingly boring porosity posts.With Bob dual posting using the Wildrider avatar.

[oil_investor] 15/10/2016 12:31

WildRider7: in my opinion, the Bonds are a puzzle.

Turning to the issue of the alleged (by some) overstatement of the Oil In Place in order to give Todd Kozel an allegedly underserved bonus, that notion is ludicrous. As well as those whom you mention, the G&G people at GKP (including Chris Garrett and John Stafford) would all have had to be "in on it". As well as MOL. And presumably the KRG. All those people, all engaged in a purported fraud which would potentially land them in prison in the United States, just to give Todd Kozel a bonus. It would have to be one of the most preposterous crimes of all time!

As for the specific geophysical points:

* fracture porosity: my question is very simple. If the 2012 Ryder Scott Fracture Report supports the ERC 0.4% "adopted" figure, then why haven't GKP published it?

* Sargelu net pay: DGA and Ryder Scott gave very high figures for this. Someone at GKP chopped the figure back in the couple of weeks after the Excalibur Claim was received. What are the facts?

* water in the fractures: Stafford disagreed with ERC about this

* Triassic issues: both Jon Ferrier and Stafford both told me in person (not over the phone, or via electronic media) that there was new evidence which showed that the 30 August 2015 CPR assumption about the Kurrechine Dolomite was incorrect. I can - if I so choose - be very explicit about what they said. But the recent CPR update seems to disregard that new evidence, as if it didn't exist.

[pocopicu] 15/10/2016 12:19

Lard....I remember it was cut. Unlike cut though my life hasn't revolved around archiving and indexing every single post on this and other gkp bb's, so I am not able (or bothered) to give a post reference unfortunately.

[oil_investor] 15/10/2016 12:15

WildRider7: ah yes, September 2011. That's the month that Vvedenskaya, Peart and Ainsworth gave the very bullish interview to "Interfax". In it Shaikan production was anticipated to ruse to 400,000 bopd to 500,000 bopd.

The following month, Stafford told the SPE at the Geological Society that the figure of 440,000 bopd on his slide was for the Shaikan Jurassic only.

[wildrider7] 15/10/2016 12:09

unless we forget

the Bonds were the idea of Asher, Denning, Dobell
once in place, Todd had to go and that's exactly what they did using the Shag'gers.

* Removing Todd and replace by a new set of hands to
- trigger the BER that secured the bonds
- rush a restructure (and Open Offer) that secure the assets in the hands of the bond holders while wiping out private investors

* Push a CPR that seriously devalues the assets while claiming that the assets have been overstated in the first place to justify Todd's bonuses.
Which of course doesn't hold since as Oil_investor rightly pointed out, there would be far too many people (including DGA, Ryder Scott, other GKP directors in presentations) involved lying on the extend of the assets only to allow Todd his huge bonuses.
What is true though is that the CPR seriously understates the recoverable oil because of the
* fracture porosity,
* Sargelu net pay,
* water in the fractures and
* Triassic issues.

[oil_investor] 15/10/2016 12:07

nestoframpers: indeed, the colossal unrestricted rates with oil of API of around 17 to 19 degrees (it varies a bit) are hardly consistent with a modest fracture porosity are they?!

[wildrider7] 15/10/2016 12:04

Oilman6312 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.


==================

we are still waiting .......

[oil_investor] 15/10/2016 11:59

WildRider7: it's ridiculous. All this stuff about Sheikh Adi-1 kicked-off when the rapidly-removed Crestal Energy presentation (which is saved, of course) appeared and was analysed.

Sheikh Adi was given a substantial Oil In Place figure by DGA following SA-1, which was then more than confirmed by ERC together with Recoverable Resources figures after further work had been done.

[nestoframpers] 15/10/2016 11:56

Using 2mm in my calculations is been very conservative Bob for sure.

To observe a tidal effect with 17 api oil would require a very high FP a child could figure that out.

[wildrider7] 15/10/2016 11:52

Nicebut knows he is misleading

a 'duster' is a dry hole'

August CPR attributes 447mil boe RECOVERABLE TO IT!!!
How can you explain that Nicebut, unless you are just misleading to suit your agenda?


nicebut15 Oct '16 - 11:33 - 523100
Wildrider,

It SA1 and SH-6 that were effectively dusters

[lardner23] 15/10/2016 11:47

No, poco, not as far as I remember.

[oil_investor] 15/10/2016 11:47

pocopicu: I assume that Nicebut either will not look at the GKP video (accessed via the "willoicc" hyperlink) to establish what John Stafford actually said about Shaiksn-6, or he has done so but cannot post what Stafford said because it would reveal that Stafford disagreed with what his previous employer had said?

[oilman63] 15/10/2016 11:42

I thought dusters were yellow like you ???

[oil_investor] 15/10/2016 11:38

WildRider7: Nicebut should perhaps look up the definition of "duster" in the Schlumberger Oilfield Glossary.

[pocopicu] 15/10/2016 11:37

Lard....yes Mrs J Stafford was the one cut accused you of being, was it not?

[cutthecagain] 15/10/2016 11:34

And that of his little friends of course :-)

[nicebut] 15/10/2016 11:33

Wildrider,

It SA1 and SH-6 that were effectively dusters. i know that they had some oil shows but neither of them flowed oil, both (very poor) test results were hidden from shareholders for a good length of time but non the less both managed to have massive OIP attributed to them, well before the poor testing results were shown to shareholders.....How does that work? And why?

Weird eh?

IMO

[fake taxi] 15/10/2016 11:30

Looks that way :-)