Gulf Keystone Petroleum Share Discussion Threads

[wildrider7] 15/10/2016 18:56

wasn't Asher on the board at the time?

[oil_investor] 15/10/2016 18:54

How do GRH and Oilman63 know about supposed "blazing rows" in the GKP boardroom about Adnan Samarrai supposedly "saving the day" by persuading the board not to listen to Todd Kozel and John Gerstenlauer, who supposedly wanted to hand the Shaikan PSC back with the well not completed, and Adnan Samarrai supposedly wanting to abandon Sheikh Adi-1 with the well not completed?

Note that the latter story is a sort of variant on the first? Which is KNOWN TO BE UNTRUE.

Is Adnsn Samarrai the source of these stories? Or are are they coming from someone else?

The first story would, surely, have to come from someone who was credible. Wouldn't that have to be someone who was in the GKP boardroom prior to the Shaikan-1 discovery RNS? Who might that be?

Or is it all just made up?

GRH believed it, as I recall.

Very strange indeed.

[hearts1] 15/10/2016 18:21

I think it's more that you guys need to go back to the drawing board when thinking you know how to value companies better than the market.And to be constantly spouting pre 2014 data is naive to say the least.Carroll got so carried away that he didn't even take up the OO because he could not believe a multi billion $ bid wasn't coming.Simple fact is, you guys called it wrong, badly.

[wildrider7] 15/10/2016 18:09

owdbuffer15 Oct '16 - 15:52 - 523175
The point is information was hidden from shareholders.

If so it was a criminal act. Fraud in my book.


==> point is Information still IS hidden from shareholders
and the red submarine crew really goes the extra kilometer to prevent any talk about it. Ridicule or Rebuff ... while constantly deflecting away from current management

Is that face of GKP IR i wonder?

[mr roper] 15/10/2016 17:57

ccr, yes. still holding. 30% up so far. not bad. Looking for 4p to unload some. I think it may come pretty quickly going by the chart.

[oil_investor] 15/10/2016 17:57

Blimey!

The whereabouts of eddie47 seem to have generated a lot of obfuscating posts.

This is where he is:

Go to all the places where he isn't.

Cross them off your map.

Then you'll know where he is.

[oil_investor] 15/10/2016 17:54

A vet needs a figure for the weight of a cat, for a presentation he's giving to the vets' conference.

He does a Google search.

It's 32357 pounds.

It's a CAT 140H.

[hearts1] 15/10/2016 17:51

A good question Chicken George and one I will answer as soon as you've asked it.

[1712notout] 15/10/2016 17:51

Fake Taxi15 Oct '16 - 17:41 - 523211 of 523212 10 0
??

[1712notout] 15/10/2016 17:42

cutthecagain15 Oct '16 - 17:28 - 523208 of 523210 9 0

Fake Taxi15 Oct '16 - 17:29 - 523209 of 523210 9 0


?????

[fake taxi] 15/10/2016 17:41

If any millionaires are 'triangulating' tonight I will be in Hammersmith, I will be drunk one. Enjoy your evening ladies and gents.

[oil_investor] 15/10/2016 17:38

Nicebut makes a fair point, and I don't have a problem with that.

He raises, in effect, two possibilities:

(a) it WAS a figure for Reserves

(b) it was an OIP figure, wrongly labelled.

Now the explanation that Dr. Lorenz has given is that he needed a Reserves figure for the slide. He says he searched on the Internet and he found 9.38 billion barrels. And one can indeed find such a statement, by Ceri Jones on 13 March 2014. What Jones had done was report the ERC OIP figure as "Reserves".

It's kind of odd: why didn't Dr. Lorenz ask his co-author Stafford? And surely Dr. Lorenz knew *broadly* how many recoverable barrels there were in Shaikan from the extensive fracture work which he had done for GKP? Or did he think "it's something around 9 billion barrels, I think" and then when he saw the figure, think "yes, that must be it" and hence use it.

Todd's remuneration doesn't come into it.

[cutthecagain] 15/10/2016 17:28

Why was Phillis's address relevant?

Lardners?

Mine?

MrsBeng?

Etc etc

Your "situational awareness" as NB calls it is obsolete. Do as I say and not as I do.

Wait for the boomerang team Mitty, it's coming.

[cutthecagain] 15/10/2016 17:27

"They" the staff "were just doing what they were told to do"

I wonder who said this and why?

#Toolatenow

How about you send TK some more fan mail?

[nicebut] 15/10/2016 17:24

O_I,

Which is why I think you may have unwittingly stumbled on just another part of the TK (GKP )ramp....

It`s either a typo or a `seriously misleading figure`. I agree. IMO GKP will just say of course it was OIP...Infact they have havn`t they.

[nicebut] 15/10/2016 17:18

This is for 1712:

[fairenough11] 15/10/2016 17:17

Yep,based on the allegation by Nicebut of holding back of info on SA-1 alone, Stafford should be sacked immediately.

imo.

[oil_investor] 15/10/2016 17:16

nestoframpers: the statement that Shaikan contains 9.38 billion barrels of RESERVES was made on Slide #4 of the presentation "Fractured Reservoirs of the Shaikan Anticline, Northern Iraq". April 2014. The three authors are Dr. Lorenz, Dr. Cooper (both of Fracture Studies LLC) and John Stafford. GKP refused to allow the shareholders to see the presentation, and Vvedenskaya told untruths about it. She said it was superseded by the CPR, but the CPR actually PRECEDED it. She claimed that it contained outdated information, whereas in truth it contained geological data which doesn't "date" as such. She made real or perceived threats against some shareholders (not myself) asking for the slides...that is a problem for her, because the FCA are aware of all this. Then Stafford said in July 2015 that the shareholders couldn't see the presentation, on the grounds that he hadn't given the presentation. He admitted that he had checked the slides and had made some corrections prior to the presentation to the AAPG. Jon Ferrier was then in post as CEO and he became aware of what Vvedenskaya and Stafford had been doing...he wasn't happy. This is in email. He said things shouldn't be done that way. He had it investigated. In October 2015 he had the AAPG presentation put onto the website.

When the shareholders were finally able to see it, they spotted the Reserves figure of 9.38 billion barrels. Someone at GKP then AMENDED THE ORIGINAL SLIDE TO MAKE IT READ OIL-IN-PLACE. This is NOT the approved method of making alterations to a published document.

So on the most generous interpretation, which is that the figure was always Oil In Place and the legend was incorrect, (a) Stafford had approved a seriously misleading figure about Reserves which was given to the AAPG, and (b) an irregular method of correcting that figure was then applied.

[hearts1] 15/10/2016 17:12

It seems eddie47 was supposed to be on wingman duty to set up Bobs response.Oh dear .....