Gulf Keystone Petroleum Share Discussion Threads

[oilman63] 03/11/2016 08:39

Along comes the Idiot to set his master up for his morning sermon lol

Transparent !

[nestoframpers] 03/11/2016 08:33

So Bob the 2nd CPR doesn't make allowances for the revised knowledge that the field is gas drive and not water drive ! Did we actually pay these people?

[nw99] 03/11/2016 08:18

Shs mag buy this am

[oilman63] 03/11/2016 07:59

Coward.

I bet if I was a woman that you could intimidate you would meet me.

Mark of a mans character.

[sir robert mittleworth] 03/11/2016 07:49

Buy coal. The aristocracy are.

[sir robert mittleworth] 03/11/2016 07:48

Are you just trying to throw people off the scent that you are John Stafford, Hearts?

Or is it Anastasia?

Or Doc Ashti?

I forget which now.

[hearts1] 03/11/2016 07:07

. 'This needn't cost much Bob , Eddie and 1waving have done most the work FFS'That name Eddie again, who hasn't posted for ages.

[oil_investor] 03/11/2016 00:14

What an odd suggestion.

GKP need to release the 2012 Ryder Scott Fracture Report to the shareholders.

[oilman63] 02/11/2016 23:53

Fool !

Still want to see that frac report ???

Meet me in London and I will show it to you.

Go on you know you want too.

Have you got the balls ??? 🏃😱

[oil_investor] 02/11/2016 23:03

nestoframpers: two highly experienced geophysicists also independently say that the Chairman needs to establish a Reserves Committee to deal with the situation. One of those has also said to me that he would "never have accepted the CPR".

[lardner23] 02/11/2016 21:50

Nest, depends on the venue, but I suspect there won't be a filthy hoard or even a Madame La Guillotine/Rottweiler present. (Hoping she's learnt a lesson; let the organ-grinder go.)

[nestoframpers] 02/11/2016 21:44

For the cash they get they should stand up to the filthy hoard imo.

[nestoframpers] 02/11/2016 21:43

They are scared of pitchforks Lard.

[nestoframpers] 02/11/2016 21:42

1waving 13 Mar'14 - 22:12 - 344494 of 344554 5 1

JG 14:30mins 'The 2p numbers and the vast majority of the 3c numbers all refer to those 3 reservoirs' ( Mus Alan and Sargelu only Representing just 39% of the OIP. )

What about the rest then Equipoise ? --- this is just a partial report !!
----------------------------------------



the other thing is the heat cut off , above a certain altitude ERC assumed the oil wouldn't flow .

[lardner23] 02/11/2016 21:33

JB, Stalker63's chap on lse was expecting the 2016 AGM to be announced by now. Must have heard whispers :-)

December venues, they're competing in the over-priced corporate Christmas party crowd season for space, wherever they choose, so you would think late November would be more sensible. Is it still three weeks notice?

Anyone remember the excuse for the Bermuda AGM location choice being they have to hold AGMs there from time to time to comply with something or other? Complete tosh, of course.

[nestoframpers] 02/11/2016 21:30

Yes Neo about a third of a bll per share recoverable WI to GKP , dyor.



While we wait


1waving 15 Mar'14 - 11:49 - 345182 of 345199 4 0

Equipoise made another howler --- by contradicting themselves ?

Have a look for yourself.

Besides the already acknowledged dodgy presumption by Equipoise that the OWC starts at 1450m TVDSS across the whole oilfield despite strong evidence to the contrary, wiping out billions in OIP and the resultant reserves/resources figures etc, another howler from them looks very clear from their very own contradiction in the CPR itself !!

This little gem is from a short paragraph from the CPR has contradicted the Equipoise assumption that the OWC is at 1450m across the whole field and that between 1450m and 1975m TVDSS has dual porosity/water in fractures across the whole field, therefore effectively wiping out all but a minimal amount of the reserves and recoverable oil volumes in that 525m.

Here is the very relevant short paragraph from Equipoise:--

CPR Page 39
'However, the fact that the oil column in the Jurassic is over 1,000 m thick, and that the aquifer is only present on the flanks of the reservoir rather than directly underneath, reduce the chance of early water production.'

The North to South Cross Section image, figure 5.6 on page 21 of the CPR goes further with an image to demonstrate that point clearly. Refer to that, makes it clear. ( Also a slide in the presentation. )

So Equipoise demonstrates that along the middle of the 30Km long West-East Axis of the field there is no water, so no OWC from 1,450m, which brings into play the 525m depth already discounted across the field, along the length of 30KMs.

The width of the field N-S is about 6-7 KMs. With the bowl shape of the non-water zone in that 1450 to 1975m zone along the axis, the average width looks around 1-2 kms.

30Kms long by 525m depth and 1-2Km wide, that's a hell of a lot of volume of both rock and oil to miss out on through error or omission !!!!

Assuming that zone is just 1Km wide and a net pay of 100m at 12% porosity,
gives 2.26 billion barrels OIP.........



SH-6 drilling should have the utmost urgency and priority.

...and Equipoise need drilling........
..into the long grass.

[neo26] 02/11/2016 21:20

22,942,956,605!!!

is that right! 23 billion shares!

Bloody hell.

[nestoframpers] 02/11/2016 20:34

XOM are about to sign on the dotted line JB I reckon .We might get robbed but we can always sue .

[gkphero] 02/11/2016 20:30

When will JF call the 2016 AGM??

He only has another 7 weeks.

[gkphero] 02/11/2016 20:15

Quite obvious that GKP is a buy at these prices.

[gkphero] 02/11/2016 20:01

Sothick......lol.