Gulf Keystone Petroleum Share Discussion Threads

[kiltless highlander] 09/6/2018 10:53

Was oil_investor ever a boxer?

"Bob & weave son, Bob and weave".

"Jab & block son, duck & dive"

"Bob, bob, bob, Bob"

[kiltless highlander] 09/6/2018 10:48

We have moved on a year to 2012 LOFL!!


kiltless highlander9 Jun '18 - 09:05 - 566182 of 566197 Edit
0 8 0
Here we are again, tales of nonsense from 2011 (as predicted below), trying to be woven in to today's story!

Whatever happened to Scaramouche LOFL?

Now the PROVEN FALSE tales from 2011 are being repeated - WHY?

Talking about 20Blnbbls OIP again - WHY?

Talking about a feasible 100Blnbbls OIP - WHY??????? Surely, 3 of the 4 licences have been given up since.

What a comedy OR criminal show this is!



kiltless highlander - 29 May 2018 - 08:14:50 - 565015 of 566181 THE NEW GKP / Drilling for Super Giants (moderated) - GKP

It was sold on April 11th 2018 the latest fairy story!

All these ridiculous predictions have one thing in common, there are NO factual events surrounding them, each one is a fantasy, spurious snippets of information (mainly from years back) twisted to death to suit the fantasy stories of today, by the same old agents.

It really is laughable OR then again, is it criminal?



oil_investor9 Jun '18 - 08:21 - 566176 of 566188

By
scaramouche :-

GKP's potential 100 BILLION barrels across all 4 licences is surely rather too much for just ONE oil super-major and perhaps.... more than enough for TWO!

[kiltless highlander] 09/6/2018 10:47

Here he goes again digging into the distant past, as if GKP's rotten history has any meaning to today's situation.

Fishybits - What ever happened to him?





oil_investor9 Jun '18 - 10:43 - 566195 of 566196

Below is another one from him, during the Pantomime. Courtesy of Bullster and Fishybits.


Bullster Thursday 13 December 2012
Posted by scaramouche on iii.

[kiltless highlander] 09/6/2018 10:43

Either that, or they go into heavy desperate research mode oilman, and are not seen again for the rest of the day.

This is the price they pay, for having NO oil & gas qualifications.

[oil_investor] 09/6/2018 10:43

sarahgibbs: isn’t it strange how mention of “Scaramouche” has proved so contentious?

Below is another one from him, during the Pantomime. Courtesy of Bullster and Fishybits.

Note that the 1.87 billion barrels of GKP attributable recoverable oil, which Scaramouche calculates (even though “Oilman63/Phoenix100” says Scaramouche is nothing to do with oil) is essentially identical to the 1.88 billion barrels figure used by “The Minotaur” in his 10 May 2013 valuation.

In my opinion, “Scaramouche” makes some good points in his remarks below. I have consistently said that the key period in trying to understand what has been taking place is the one between the return from China of the GKP/Memery Crystal/Perella Weinberg team (all referenced in public domain Court documents), the associated Exit Awards, and the July 2012 AGM. Those who want to find out what has been going on would do better, in my opinion, to look closely at that window. What Scaramouche was saying is that Mirabaud appeared to be lowering expectations.

Hmmm.


...............................

Bullster Thursday 13 December 2012
Posted by scaramouche on iii.

Mirabaud: Valuation update

We calculate a Core NAV for GKP of 153p/shr based on a DCF analysis of the Shaikan field (149p/shr), assuming gross recoverable oil resources of 3.43 bn bbls, plus corporate items including option proceeds (4p/shr) and net debt (-0.4p). In addition, we have ascribed a further 73p/shr of risked appraisal value to existing discoveries and 7p/shr of risked exploration upside. The end result is a Total NAV of 233p/shr using a US$85/bbl LT Brent price and a 12% discount rate, although we would stress that these parameters may prove to be too conservative in the event of a takeover.

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

Recoverable resources of 3.43 billion barrels for Shaikan then.

So, Mirabaud are basing their calculations on a 25% RECOVERY FACTOR for Shaikan at present then, since the present 13.7 billion OIP (P50) x 25% = 3.43 billion barrels.

That sounds reasonable.... if slightly on the cautious side.

And if the recoverable resources from Shaikan = 3.43 billion....
this gives GKP a net WI of 54.4% x 3.43 billion = 1.87 billion barrels.

Still looking pretty good!

But then, Mirabaud have calculated Shaikan’s value at 149p per share.

With 876 million shares In issue, this means they are giving Shaikan a value of just £1.3 billion.

Hmmm.... If 1.87 billion barrels of recoverable resources attributable to GKP is worth only £1.3 billion …. Mirabaud is giving each barrel of oil recovered a value of just 70p!

Sounds unlikely!!

It wouldn't be so bad but Mirabaud has then ascribed a further 73p/shr of risked appraisal value to 'existing' discoveries.

What discoveries?

Sheikh Adi - 1.9 billion (P50) x 80% net WI = 1.52 billion barrels. And even at 25% RF that gives us just 380 million barrels recoverable.

Akri-Bijeel - 2.4 billion (P50) x 12.8% Net WI = 307 million barrels. And at 25% RF this would amount to 77 million barrels recoverable.

So, those existing discoveries amount to 380 million + 77 million barrels recoverable = 457 million barrels, yet are worth 73p per share.

Meanwhile, Shaikan's 1.87 BILLION recoverable (which is FOUR times the estimated total for AB & SA) is only worth TWICE as much (i.e 149p against 73p).

Very strange.

Mirabaud is somehow valuing Shaikan oil at only 70p per recoverable barrel, and assessing the rest, which has yet to be proved, at about 140p per barrel.

At the $85 per barrel they are also using, GKP would actually NET about $6.60 or £4 profit oil per barrel by my calculations.

And Mirabaud are supposed to be GKP's house broker. Why would they be de-ramping GKP to such an extent, I wonder?

Most peculiar indeed - and I thought that we were just up against Excalibur at the moment.

GLA, scaramouche

Tweeted By fishybits | Retweet

[oilman63] 09/6/2018 10:38

Just to note 🤔🤔🤔

When I ask questions that people can't or don't like to answer they tend to run away and send the kids out to play 😱😱😱

[oilman63] 09/6/2018 09:43

Oil Investor

Can I point out to you that because you have been reporting my posts addressed to you I have sent on your posts to me to show how manipulative you are.

Couple of questions for you.

Some years back (I know you like that) a poster on here who you were/are friendly with disagreed with what I had written so I offered for him to meet me in London for breakfast and we actually got along and understood each other.
I explained I was going into another meeting straight after breakfast and what that meeting was about and who would be there.
Can you tell everyone what I said ???

Question 2

There was a presentation at the Geological Society many years back which I attended and reported on and sat next to me or around me were JS AS GY NP all connected to Gulf and most other companies in Kurdistan were represented including the DGA.
Why did you pay for someone else to attend while you sat at home ?

Some people easily standout in a crowd.

Real world vs ADVFN world.

[oilman63] 09/6/2018 09:15

☠️

[nestoframpers] 09/6/2018 09:08

Scara says OM was trusted , never by me he wasn't. Amazing isn't it all those self important very knowledgeable posters none of which foretold what was to come. GRH1 especially as he really did have BR experience.

[kiltless highlander] 09/6/2018 09:05

Here we are again, tales of nonsense from 2011 (as predicted below), trying to be woven in to today's story!

Whatever happened to Scaramouche LOFL?

Now the PROVEN FALSE tales from 2011 are being repeated - WHY?

Talking about 20Blnbbls OIP again - WHY?

Talking about a feasible 100Blnbbls OIP - WHY??????? Surely, 3 of the 4 licences have been given up since.

What a comedy OR criminal show this is!



kiltless highlander - 29 May 2018 - 08:14:50 - 565015 of 566181 THE NEW GKP / Drilling for Super Giants (moderated) - GKP

It was sold on April 11th 2018 the latest fairy story!

All these ridiculous predictions have one thing in common, there are NO factual events surrounding them, each one is a fantasy, spurious snippets of information (mainly from years back) twisted to death to suit the fantasy stories of today, by the same old agents.

It really is laughable OR then again, is it criminal?



oil_investor9 Jun '18 - 08:21 - 566176 of 566188

By
scaramouche :-

GKP's potential 100 BILLION barrels across all 4 licences is surely rather too much for just ONE oil super-major and perhaps.... more than enough for TWO!

[oilman63] 09/6/2018 09:01

☠️

[oilman63] 09/6/2018 08:36

☠️