Gulf Keystone Petroleum Share Discussion Threads

[oil_investor] 27/10/2016 22:41

Oh dear.

I did NOT say that there was accumulation. I said that there was no evidence to support claims that there was.

As for Shaikan-6...I wonder if Nicebut is afraid to watch the 13 March 2014 CPR webcast, in which they explicitly state that they did not agree with what ERC had said.

Yes, they did say that they intended to sidetrack SH-6. But what on earth is the point in asking ME why they have not done so? Why not ask Jon Ferrier? He's the CEO. Of course, when GKP said they were planning to sidetrack SH-6 at some point, Shaikan was seen as an AQUIFER-DRIVE reservoir. That has now totally changed. Shaikan has been remodelled as a GAS-DRIVE reservoir. One can assume that GKP require a side-track to deal with this issue, but IMO such an assumption might not be sound.

[oil_investor] 27/10/2016 22:32

nestoframpers: indeed. Of course, even if one were to only go up from the ERC "adopted" 0.4% Fracture Porosity figure to what appears to be the pre-drill assumption of 0.8%, that would add (using GKP's public domain metric) 1.6 billion barrels to the Reserves.

Jon Ferrier discovered, after joining GKP and finding that things were perhaps not quite how he imagined, that there were three concealed documents: (a) the 2012 Ryder Scott Fracture Report, (b) the 2013 PESGB presentation, and (c) the 2014 AAPG Fracture Presentation. He released (c) following a personal investigation. He then released (b), but without putting it onto the website. But he won't deal with (a).

[cutthecagain] 27/10/2016 22:30

Emphasis on a typo Mitty... And not for the first time I note...

Lofl perhaps if I go to "Lomdon" I'll be as erudite as yourself.

Isn't it odd that you ask anonymous avatars these questions when you're meant to be speaking to the founder of the company?

Or is your "advice" another email that hits the junk?

BTW: you rang Mrs Beng to let her know as you claimed what her husband was "up to". Is your wife aware of your persistent pestering of Lardner?

[nicebut] 27/10/2016 22:26

Yes but no but...

A/ You did say there was accumulation

B/ SH-6 didn't flow oil, did it? still doesn`t even after the sidetrack they said it needed which they have`t done...

c/ What about your `sauce(s)`?

[oil_investor] 27/10/2016 22:25

Oh dear.

cutthecagain doesn't know what incommunicado means.

And I hardly think that Todd Kozel is the person who should be releasing the 2012 Ryder Scott Fracture Report, that has to be Jon Ferrier.

[nestoframpers] 27/10/2016 22:22

It's 3 Bob , tidal effect , no drop in pressure after 30 mill blls , 13 bill blls connected vol . Obvious, with a FR of 0.4% Acc to ECRC

[cutthecagain] 27/10/2016 22:22

Since you're meant to be in communication with TK, why not ask?

More simplification for the simpleton.

[oil_investor] 27/10/2016 22:19

Oh dear.

Nicebut returns to his obsessions.

I think he perhaps ought to read what Nick Davis has recently said.

And perhaps he can show where I said there was a poison pill?

And why is he going on again about Sheikh Adi-1? He never mentioned it before the Crestal Energy issue arose!

And two of the three PSCs were handed back by their operators, because there was minimal recoverable oil assessed in the CPR

And the third PSC was handed back because GKP did not have the funds to progress it

And John Stafford disagreed with the ERC interpretation of SH-6

And the full share ownership pre-restructuring is still unexplained (and I never said there was accumulation)

And GKP said they had offers for Akri-Bijeel

And T5, Crestal Energy and DNO were all interested in corporate deals, the latter having made a public offer

On and on it goes!

[roverite12] 27/10/2016 22:15

Why don't you two meet up at Bigdog's house - I've heard he gives wonderful dinner parties ?

[phillis] 27/10/2016 22:09

How many shares per barrel?

Just another bedtime mull!

[nicebut] 27/10/2016 22:05

O_I,

Did you ever put your `sauce` on `poor performance`?

In one of your many posts- you said he was never wrong. But he never predicted:

D4E
1 penny sp
PSCs being handed back
No corporate deals whatsoever
No AB sale
23 bn shares
No take- over by XOM
No accumulation
No hidden shares
No storm in a tea cup
No poison pills
No oil flow in SA-1
No oil flow in SH-6

So did you fire him? Just wondering like?

Hearts +lardner,

quality posts tonight- v entertaining after a long drive...:)

[earlgreyhot] 27/10/2016 22:02

Just 'another mull'? Just another load of the same tired old tripe more like.

[big momma] 27/10/2016 22:01

come to momma !!!!!!!!!!!!!!

[big momma] 27/10/2016 22:01

wazzup boys

[oil_investor] 27/10/2016 21:44

Back to The Barrels then.

Let's look at the following positions:

P1 Todd Kozel gets the Shaikan PSC. It's just an average anticline, not unusual at all. That's how Gulf and Texas were able to acquire it. Pre-drill value given by the unchallenged expert witness Mr. Rogers as "Fifty Shades of Zero"

P2 SH-1B is drilled in H1 2009. It quickly finds evidence of oil on the way down. A huge oil column is discovered

P3 Oil In Place is found to be very large indeed, and it keeps increasing as appraisal wells are drilled. But the proportion of the oil which is recoverable is yet to be fully established

P4 a million-dollar Fracture Study is done by Ryder Scott between about February 2011 and 2012. The results are never released to the shareholders

P5 the month after the Ryder Scott Fracture Report is completed, GKP travels with its advisors to China. On their return, the Exit Awards are immediately rushed through by GKP

P6 no Exit Event takes place

P7 the Oil In Place figures, together with modest-to-low recovery rates, continue largely unchanged on a like-for-like basis, to this day.

Now in my opinion, the key event is P4. There are three simplified possibilities:

1. the Fracture Porosity was found to be quite low, and therefore the recovery of oil from the Matrix necessarily drives the Reserves and Resources numbers

2. the Fracture Porosity was found to be somewhere around the pre-drill assumption level

3. the Fracture Porosity was found to be high, well above the pre-drill assumption level

But which is it?

And how might that potentially affect events?

Just a mull.

[oilman63] 27/10/2016 21:39

Been a tad busy of late.

Have I missed anything other than Mitty and the clown from Stockport having breakdowns.

[iamthemoog] 27/10/2016 21:38

Leonard Cohen.


Arf


Get with it grandpa

[hearts1] 27/10/2016 21:30

Why not meet in Stockport, I hear it is good for shopping this time of year. If your shopping for cheap booze, pregnant teenagers and the smell of hopeless despair that is.

[lardner23] 27/10/2016 21:27

It's entirely up to you. You know the preconditions.

[oil_investor] 27/10/2016 21:20

So no meeting. I cannot say that I am at all surprised.

[lardner23] 27/10/2016 20:58

Sadly, O_I, you aren't familiar with SW Trains. They don't so much whizz as trickle.

Cut's right. It's all about the bass (why) not the treble (where).

[cutthecagain] 27/10/2016 20:51

I know this makes something straightforward - straightforward;

Lardner asked why not where.

Is it any wonder you can't get your head around GKP?

[oil_investor] 27/10/2016 20:43

lardner23: I am puzzled. You said that you would meet me in Lille. You live near Tony Peart. You appear to travel to Lille on occasions. Now the route that I would take to Lille would be on Eurostar from St. Pancras. St. Pancras is in London. But you say you don't go to Lille via London. Therefore you don't go to Lille by Eurostar. So I assume you go to Gatwick Airport, and get to France that way, or you go by road from near where Tony Peart lives. But why endure a long road journey, by car or by coach, with a crossing of the English Channel involved, when it's so much easier to meet in Weybridge? I can simply whizz down to Weybridge from Waterloo.

[lardner23] 27/10/2016 20:23

O-I, I don't go via London en route to Lille. Stop whining and answer the question. Why? Put it in writing. End.

[nestoframpers] 27/10/2016 20:16

MIkeys thoughts on % s

17:14
Re: sunny35
this user is in your favourites listMikeyAdmin
NoR

There are lots of folks out there who bantered alternative options arounds, some which I thought where sound plausible, though without knowing the facts they were are all speculative, and for clarity I can only post what is stated in an RNS.

Knowing now who the New Major Share Holders are, five "declared" Hedge Funds holding 49.14% and Capital Holding 8.54% which = 57.695%, which plus Private Investers Holdings of 14.5% = 72.195%, I'm bothered about the 27.805% of unknown Holders hiding below the reporting Threshold holding the swing Vote

Capeview are an unknown which could hold a sizeable chunk and a very large vote, so I would sooner know what their position is, cos IMO there is no way Capeview have gone to all the trouble they have done over two years for circa £10 to 14,000,000, not with their running costs on Baker St & salaries.

hxxp://news.efinancialcareers.com/uk-en/167410/hedge-fund-run-ex-deutsche-executive-tre