Gulf Keystone Petroleum Share Discussion Threads

[1712notout] 14/12/2016 12:25

Huge buy
And
Most important
Hold
All the best
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28522;😊

[mr genel energy] 14/12/2016 12:24

GKP was on AIM.

THATS WHEN THIS BIG SCAM STARTED.

[shaftdrive1] 14/12/2016 12:13

rider,i've told him that on the genl bb.he's aware but thinks he can snowball the suits to jump from aim scams to lse stocks...hope he lives to 235!

[wildrider7] 14/12/2016 12:07

mr Genel
GKP isn't on AIM, perhaps you should broaden your subject to companies listed on the LSE.

[biggerthus] 14/12/2016 11:50

Roper, hear hear !

Bob, if they're happy to ride roughshod over their own rules on the very 1st transaction, they're either in a hurry, or just clueless & Mr Davis has been napping.

Perhaps the Bloomberg leak came as a surprise? But it does say that Sinopec *have* made an approach.

Filed!

[mr genel energy] 14/12/2016 11:46

come on 35,000 get on the petition wagon and i will make sure GKP is investigated.

[olieslim] 14/12/2016 11:40

Did the EGM shed any new light on "future rights and obligations" as in:

"(...)DNO also stated that its July 2016 proposal to acquire Gulf Keystone Petroleum Ltd. has expired as certain conditions to the recent financial restructuring set by Gulf Keystone itself appear not to have been met. Given the resulting uncertainties about Gulf Keystone's asset, commercial outlook and future rights and obligations at the Shaikan field, and following a careful review of Gulf Keystone's latest reserves report, DNO is prepared to consider an all cash transaction but at a meaningful discount to the previous USD 300 million equivalent cash-and-shares offer.(...)"

From:

[wildrider7] 14/12/2016 11:32

' It's all about The Barrels in my opinion. How many Recoverable Barrels does GKP have in its 58% of the Shaikan SUPERGIANT. And it was John Stafford himself who called it a SUPERGIANT, in a Presentation which we hadn't seen before yesterday morning. And what a SUPERMAJOR might potentially pay for those Recoverable Barrels.'

couldn't agree more with you oil_investor hence the relentless attacks on yourself and anyone that dare bringing discussion about the assets on the GKP board which culminated from the moment JF took his seat.
oilman and his crew of fake private investors were just preventing any questioning while the restructuring was taking place, now we know that the idea was to do it for buttons and kick the LTH into touch. He also played a preeminent role in the demise of TK; I saw at the 2015 AGM how he was gloating about his top position within the one and only (yes sad but true) GKP share holder group, the "Shag'gers".
I bet such convenient position could have been of use to someone somewhere...

The point remains, the assets have been and still are being downplayed.
and this endured from TK then carried on through JG as CEO to reach apotheosis with JF (who gave us an other two of the same: Performance!)
As you rightly point out o_i it starts with the "CPR", a model of an audit that stretches the very definition of what a CPR actually means.
and then of course the concealment which always existed but, of late, also of previously available presentations!
too many information exist in the public domain, and i see that a lot of us have saved a great deal. keep them coming.

too many misleading statements from the GKP board of directors, past and present is of prime importance imo, to get to the bottom of the barrel

[fake taxi] 14/12/2016 11:28

Yeh Shaft, ccr, Poco, 1712 etc quote those that made a profit or cut loses as bitter, lol. When in fact we laugh at the fools still being believers and once again having thrown more cash at this. As you said this would have to reach the £100s to achieve anything like what many of us sold at, even those that sold at 8p are laughing. Psychologically they are not cut out for this game at all, they just dont realise it, fools and their money and all that.

Notice the usual suspects have returned and still living in the past. The bondholders have the power now so all that stuff can go in the bin, doesn't matter how many times its repeated its worthless drivel. None of them spent £20 to go to the AGM, why?

[oil_investor] 14/12/2016 11:07

1waving: you're on the ball. Jon Ferrier referred to Triassic upside in his presentation to the Kurdistan Oil conference last year, and then he said that there was "new evidence" (of a positive nature) about the Triassic. But ERC have either not been given that "new evidence" or have chosen to ignore it, because their CPR update is identical to the previous one which was on the "old evidence" basis. btw it looks as if Shaikan-1 did enter the Permian at night, leading to a near-disaster.

[oil_investor] 14/12/2016 11:00

BiggerThus: I thought you'd spot that! What you suggest does appear to be the case.

[fairenough11] 14/12/2016 11:00

Why BUY shares when you get 100's of £thousands for failure and doing sweet fa?They have a large discovery put on a plate and they have MANAGED the Mckcap down to £300m.Any BONUSES etc should be linked to increasing the reserves and future DRILLING success,not for just sitting there while the share price recovers from abysmal 1P levels.

IMO.

[1waving] 14/12/2016 10:59

and back to Shaikan....

I'm still of the opinion that Shaikan has 30 - 50 Billion Barrels OIP. Nothing has happened to change that.

The light oil in the Triassic doesn't get talked about often, so a reminder from an old post.

Particularly relevant, as there is talk of the in progress pipeline spur from Atrush through Shaikan to the main export pipeline, with Triassic production maybe to be added to the Jurassic heavy oil at a mixing station from Shaikan. No more trucking and associated costs !!


1waving 16 Jun'12 - 14:16 - 203518 of 257116 0 0

RNS 6 October 2009
Shaikan-1 Triassic Discovery
A short, limited flow test was conducted to determine reservoir content following multiple drilling breaks, indicative of increased porosity, between 2,402 and 2,483m. This limited test resulted in 40+ degree API oil rates up to 2,000 bopd and associated gas rates of up to 2 mmscf/d, yielding a gas/oil ratio of approximately 1,000 scf/bbl.

This high energy, light oil discovery is in addition to the 2.0 to 4.0 billion barrels of heavier (22 to 17 degree API gravity) oil previously announced at various levels throughout the shallower Jurassic intervals.

RNS 23 November 2009
Further Triassic Discoveries Final TD of Shaikan-1 Exploration Well
This most recent Triassic discovery flowed at 10,000 barrels of oil equivalent (boe) per day. This results in an aggregate actual test rate of 20,000 boe per day from the Jurassic and Triassic tests done thus far in Shaikan-1.

The Shaikan-1 well reached total depth (TD) at 2950 meters. Gulf Keystone then conducted its second test in the Triassic (the first Triassic test flowed 2000 bopd and 2 million scf of gas). This second Triassic test (2582m to 2849m) produced 6000 bopd of 53 to 55 degree API oil and 21 mmscf/day of gas or 10,000 boe per day.

The first Triassic test was severely limited by surface restrictions and down hole tool problems. Internal engineering analysis of the test data indicates that the first Triassic zone could have flowed at rates up to 14,000 boe per day. This gives the Triassic section alone, potential aggregate rates of about 24,000 boe per day.

RNS 22 March 2011
Shaikan-2 Appraisal Well Test Results
Shaikan-2 has achieved short term, indicated rates of 10,144 barrels of oil per day (bopd) and a stabilised flow rate of 8,064 bopd of 26 degree API oil and 2.44 mmscf/d of gas (Gas Oil Ratio of 302 scf/bbl) on a 2" choke at a 250 psi flowing wellhead pressure. Given the Shaikan-2 well test conditions, as well as the successful well stimulations at Shaikan-1 & 3, the Company anticipates that sustained rates in excess of 10,000 bopd could also potentially be achievable at Shaikan-2.

RNS 18 August 2011
Shaikan-2 Triassic Discovery
Gulf Keystone has completed drilling of the Shaikan-2 Appraisal Well to a TD (total depth) of 3,300 meters in the middle Triassic, following which a flow test has been performed in the newly discovered Kurre Chine C zone over a 80 meter interval (3,195m to 3,275m). This new zone is highly pressured and correlates with the high pressure zone penetrated at the bottom of Shaikan-1.

The Kurre Chine C flow test in Shaikan-2 has achieved variable flow rates up to a maximum recorded rate of 4,450 barrels of 36 degree API oil per day with associated gas of 813,000 scf per day through a 36/64" choke.

RNS 5 September 2011
Shaikan-2 Well Test Update
Further to the announcement of 18 August on the new Triassic discovery with the Shaikan-2 Appraisal Well, the Company has completed a flow test in the lower section of the Kurre Chine B zone in the Upper Triassic zone of the Shaikan-2 Appraisal Well

The Kurre Chine B flow test in Shaikan-2 achieved flow rates of 2,600 barrels of 40 degree API oil per day with associated gas of 5.4 MMcf per day through a 48/64"choke.

RNS 23 January 2012
Shaikan-4 Appraisal Well
In the course of the first well test conducted in the Kurre Chine C formation, Shaikan-4 achieved a flow rate of 563 barrels of oil per day (bopd) and 3.65 mmscf/d of gas at a 328 psi flowing wellhead pressure.

In the course of the second well test, Shaikan-4 tested a thin zone at the bottom of the Kurre Chine B formation achieving a flow rate of 4,970 bopd and 7.0 mmscf/d of gas at a 1,101 psi flowing wellhead pressure with initial results indicating a 39 degree API fluid.

From here the further 2 RNSs on SH-4, although with very successful testing achieving total maximum aggregate flow rates of 24,000 bopd, became very light on technical details with no further mention of API at all but the following comment is worth noting:--
RNS 23/04/12
�Following the Company's decision not to test portions of the well that appeared to be high quality oil reservoir on the electric logs, and where proven commercial flow rates had been achieved by testing previous wells on the Shaikan block, most of the tests have been conducted in zones which looked marginal on the well logs.�

No test results yet on SH-5 & 6 which were thought to be on the flanks, but they do look to have exceeded expectations by miles, quite literally, with the flanks having now been moved out by miles as a consequence giving a much greater oil field areal extent. (Refer to joseki post and analyst presentation PDF of 28th May)

RNS 30 April 2012
Shaikan-5 Appraisal Well
Preliminary well logs indicate a continuous oil column in the Jurassic and hydrocarbon presence in the Triassic Kurre Chine-A and Kurre Chine-B, which is consistent with results obtained elsewhere in the field, most recently with the Shaikan-4 appraisal well.
Shaikan-6 Appraisal Well
A preliminary evaluation of the comprehensive logging suite indicates a continuous oil column in the Jurassic Barsarin, Sargelu, Alan and Mus formations and extending into the Butmah formation. Well logs from the Triassic indicate the hydrocarbon presence in both the Kurre Chine-A and Kurre Chine-B formations.

----------------


Permian ??????

[shaftdrive1] 14/12/2016 10:51

There's that fog again....pass the troff...........

[biggerthus] 14/12/2016 10:47

bob,
You didn't mention the following, yet the report back from AGM mentioned it was confirmed there that the company is still in a close(d) period.

Did they open the door briskly, chuck the options out, and then slam it again ?

Or ?

---

"Timing of grants

Options may be granted at any time other than in a closed period."

[1712notout] 14/12/2016 10:47

Hmm the reliability of bankrupted Yorkie used car salesman is debatable
As is Cumbrian spread betters

However
Hopefully everyone has been buying
And of course holding
If not
Buy
And hold
All the best
Is it Dec 15 tomorrow?
Yes it is
Great
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[oilman63] 14/12/2016 10:40

Bob if you ask me nicely I might show you my notes.

[ccr1958] 14/12/2016 10:38

Stu calm down mate , well done on your trades , as I say I thought you did ok here , what`s your beef ? I sold most here years ago as I said at the time ..I did hold some and have averaged down recently and will certainly not make a mint if anything at all ,but that's name of the game no vitriol from me !!!!

[oil_investor] 14/12/2016 10:36

1waving: John Stafford - who was described as the "Custodian of the data" by AV. He also has the 2012 Ryder Scott Shaikan Fracture Report, which took a year and over a million dollars to create.

[fairenough11] 14/12/2016 10:35

While I have no problem with the BOD getting rewarded for SUCCESS,I do have a problem with this lot profiting from an exaggerated/forced/manipulated low base mainly brought about by the BODs own actions to default causing a PI crippling D4E, when there was no need/apparently no deals to be done/No RI put forward/No renegotiation of debt or terms of,THEN.............

As soon as D4E/Consolidation complete and PI all but wiped out, we potentially ...................

HAVE A DEAL.

No sheeeet sherlock.

Foookin Clouseau would have a field day.