Gulf Keystone Petroleum Share Discussion Threads

[beernut] 23/6/2018 10:26

We seem to be back in the driving seat again.
I would like to say a big thanks to all the regular positive posters on all 3 boards who despite the bombardment of doom and gloom the derampers have tried to put forward you guys have kept us believing.

[howard smith] 23/6/2018 10:21

More positivity from the largest shareholder on here! Anyone would think he wants the share price lower, strange investment strategy, talk down the share you own millions of.

[beernut] 23/6/2018 10:18

Fujairah and all investors if you google Todd Kozel cnbc you should see the interview from the begining or it may even be completely different interview. Todd is sat there as the questions start with the biggest grin on his face. He looks like the cat who got the cream. There is at least 2 cnbc interviews to watch. GLA.

[oilman63] 23/6/2018 10:08

Good Morning from 2018 😃

I'm sorry to inform you but some of you have been asleep for 6 years and you are currently in the middle of 2018.

During this time SH6 found water and SH7 failed to reach the Permian.

There has been a complete BoD change and a major uprising that devastated the Middle East plus a world wide oil crisis that sent many a company out of business.

We no longer own 4 blocks we now only own one and we paid the MNR millions to take them off our hands.

That pipeline that they raised money for more than once still hasn't been announced as finished.

We used to pump 40k plus a day but that's now dropped to 32k and could drop even more yet.

Since 2012 there has been a devastating restructuring that all but wiped out share holders so today's price for them is really only 2 pence.

Exxon never came neither did the Chinese. Chevron were bang gone and DNO thought we were only worth £1 old money.

The politics are still the same as they were in 2012 and they are still having meetings on how to ripoff shareholders in the oil companies.

The company has been promising to hit the ground running for the last two years including a statement that came out yesterday.

All the money that the MNR has owed us in back cost will almost certainly disappear with the amended PSC.

More later.

[beernut] 23/6/2018 08:23

Should have said see why the derampers are here on all iii. Lse. and advance boards. We’re worth a fortune. GLA.

[beernut] 23/6/2018 08:19

Watch this old news clip and see why the dreamers are here all day on all boards. We have come a long way forward since these days and have 18 interested oil companies.

[bubblingup] 23/6/2018 08:01

Gulf Keystone Petroleum Ltd (GKP:LSE) set a new 52-week high during Friday's trading session when it reached 249.75. Over this period, the share price is up 133.25%.

[therealminotaur] 23/6/2018 07:05

Good Morning😎8526;😎ԅ26;

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[kandymans1] 22/6/2018 21:01

Liars.12 March 2012Not for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.12 March 2012Gulf Keystone Petroleum Ltd. (AIM: GKP)("Gulf Keystone" or "the Company")Kurdistan Operational UpdateGulf Keystone today provides an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 billion barrels.Shaikan-4 Appraisal WellThe well testing programme for the Shaikan-4 appraisal well, drilled 6 km to the west of the Shaikan-1 discovery well, remains ongoing, with six out of seven planned tests completed to date. Portions of major intervals, such as the Kurre Chine, Butmah, Mus, Alan and Sargelu formations will continue to be tested and so far aggregate flow rates in excess of 14,000 barrels of oil equivalent per day ("boepd") have been achieved. Portions of the well that appear to be high quality oil reservoir on the electric logs, and where proven commercial flow rates were achieved by testing previous wells, will not be tested.The first five tests have been conducted in the northern "footwall" - on the lower side of the inclined fault bounding the Shaikan structure. This is the first occurrence of flow from the footwall and proves an extension of the Triassic and Jurassic reservoirs outside the central part of the structure. The latest test (Test 6) is being conducted in the "hanging wall" (the upper side of the inclined fault) from a new reservoir in the uppermost Sargelu formation which had not been previously flow tested. The test is ongoing and rates in excess of 4,000 boepd have been recorded.Shaikan-5 Appraisal WellAfter drilling the Shaikan-5 appraisal well, 6 km to the north-east of the Shaikan-2 appraisal well, to the depth of 1,876 metres in the Jurassic, it became necessary to drill a sidetrack due to a portion of the drill string becoming stuck in the hole. The sidetrack operations were successfully performed at the depth of 1,370 metres, after which the Shaikan-5 drilling operations have resumed below 1,730 metres, to continue drilling to the estimated total depth ("TD") of 3,500 metres, subject to technical conditions.Shaikan-6 Appraisal WellThe Shaikan-6 appraisal well, 9 km to the east of the Shaikan-2 appraisal well, is currently drilling a 12.25" hole at the depth of 2,058 metres in the Jurassic. The well will drill to the estimated TD of 3,800 metres subject to technical conditions.Shaikan-7 Exploration WellThe tendering process has commenced for a rig to drill the Shaikan-7 exploration well, which will target the lower Triassic and the Permian, the deepest prospective undrilled horizons of the Shaikan structure.Shaikan Extended Well TestAs part of the ongoing Extended Well Test ("EWT") on the Shaikan block, the output from the Shaikan-1 & 3 EWT facility reached 137,060 gross barrels of oil between 1 January and 6 March 2012. Due to unprecedented cold weather and poor visibility, combined with work required to connect an additional 20,000 barrel storage tank, the average test production between 1 January and 25 February was 2,077 gross barrels of oil per day ("bopd"). Since 25 February test production has averaged 5,641 gross bopd.Shaikan Field Export Pipeline ProjectOn 6 March 2012, Gulf Keystone initiated a tendering process for the export pipeline site construction and installation for the Shaikan field export pipeline project.As part of the ongoing tendering process for the materials procurement for the Shaikan field export pipeline project, which was announced on 12 January 2012, bids are currently being received with the technical and commercial evaluation to follow.Gulf Keystone is the Operator of the Shaikan block with a working interest of 75 per cent and is partnered with Kalegran Ltd. (a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc.) and Texas Keystone Inc., which have working interests of 20 per cent and 5 per cent respectively.Akri-Bijeel Block: Aqra/ Bekhme Anticline ResourcesFollowing the completion of the Bekhme-1 exploration well testing programme in December 2011, after the well reached TD at 5,000 metres in the Triassic, Gulf Keystone has received results of an independent evaluation of estimated petroleum resources for the Aqra/Bekhme anticline on the Akri-Bijeel block by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants.The DGA report, based on the Bekhme-1 wireline logging data and 2D seismic data, while recognizing the fact that no hydrocarbons had been produced to surface, has indicated a significant range of between 2.5 billion barrels and 5.4 billion barrels of gross oil-in-place volumes calculated on the P90 to P10 basis, with the mean resource estimate for the reservoirs in the Aqra/ Bekhme anticline of 3.9 billion barrels. While this range of resource estimate is significant, a considerable portion of the oil resource is likely to comprise heavy oil. Further evaluation would be required as to whether the oil is commercially recoverable.DGA's previous assessments of assets on behalf of Gulf Keystone included independent evaluation of the Shaikan discovery, including two major upgrades of the gross oil-in-place volumes announced in April and November 2011, as well as a preliminary evaluation of the Sheikh Adi resources (1 billion barrels to 3 billion barrels calculated on the P90 to P10 basis) announced in August 2011.Akri-Bijeel Block: Aqra-1 Appraisal WellThe first appraisal well to assess the Bijell discovery on the Akri-Bijeel block, is being drilled 8 km to the north-west of the Bijell--1 discovery well and 26 km to the west-northwest of the Bekhme-1 exploration well. After reaching the depth of 989 metres, the Aqra-1 drilling operations have been temporarily halted in order to repair the rig following a lightning strike. Once the drilling operations have resumed, Aqra-1 will drill to an estimated TD of over 4,700 metres in the Triassic subject to technical conditions.Gulf Keystone has a 20 per cent working interest in the Akri-Bijeel block, operated by Kalegran Ltd., a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc., which holds 80 per cent working interest in the block. The Operator's P50 resource estimate for the Bijell discovery is 2.4 billion barrels of oil-in-place, while the ongoing 2012/13 exploration and appraisal programme is targeting existing and identified hydrocarbon prospects in the Akri-Bijeel block.Ber Bahr-1 Exploration WellAfter the setting of 7" casing at the depth of 3,343 metres in the Triassic, the first exploration well on the Ber Bahr block is drilling at the depth of 3,347 metres.Gulf Keystone has a 40 per cent working interest in the Ber Bahr block, operated by Genel Energy, which holds a 40 per cent working interest in the block. The Kurdistan Regional Government has a 20 per cent carried interest in the Ber Bahr Production Sharing Contract. The Operator's resource estimate for the Ber Bahr block is 1.5 billion barrels of oil equivalent-initially-in-place.John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented:"We believe that these new results of the ongoing Shaikan-4 well testing programme are excellent, confirming our early understanding that this well may prove to be our best one to date in the Kurdistan Region of Iraq. We anticipate that future test production from Shaikan-4 will significantly increase our existing production level, which reached 6,970 gross barrels of oil per day on 4 March 2012. In parallel to the continuing increase in the test production of the Shaikan crude, our work on the Shaikan export pipeline project is progressing. In addition to a number of important operational developments on the Shaikan block, we are pleased to report on the progress in the Ber Bahr-1 exploration well drilling activities and to present results of an independent report by Dynamic Global Advisors on estimated resources for the Aqra/ Bekhme anticline on the Akri-Bijeel block. The substantial remaining potential of the Akri-Bijeel block is currently being targeted by the Operator's 2012/13 wide-ranging exploration, appraisal and early development programme."Enquiries:

[oilman63] 22/6/2018 20:28

Have you found out who Mark is yet ???

I see one of the team waking up to what we have been saying for years.

Clueless 😂😂😂

[therealminotaur] 22/6/2018 18:14

😂🐶

LATEST FUND HOLDINGS
June 18 UPDATE................THE CLEVER MONEY CONTINUES TO LOAD UP
==============

NEW : SPDR® S&P International Small Cap ETF Added 167,118
NEW : DFA International Vector Equity. Added 129,118
NEW: Principal International SmallCap share price Added 43,187
NEW: DFA World ex US Targeted Val Added 45,616
NEW : iShares MSCI UK Small Cap Added 93,269
==============================

HOLD 3,235,022 BlackRock Smaller Companies Ord RECENTLY ADDED1,346,659

HOLD 590,807 iShares MSCI EAFE Small-Cap RECENTLY ADDED 175,674

HOLD 167,139 CF Miton UK Smaller Companies A AcC NEW FUND BUYER

HOLD 908,318 DFA International Small Company RECENTLY ADDED 101,576

HOLD 238,040 DFA International Core Equity RECENTLY ADDED 84,897

HOLD 76,714 Acadian Global Eq SRI UCITS B EUR Acc RECENTLY ADDED 46,832

HOLD 42,300 CSIF III Wld ex CH SmCp Idx Ble Pnsn NEW FUND BUYER

HOLD 39,332 DFA International Social Cor Eq Instl RECENTLY ADDED 22,834

HOLD 111,007 Dimensional Global Targeted Value SEKInc RECENTLY ADDED 22,465

HOLD 47,364 Dimensional UK Core Equity GBP Acc RECENTLY ADDED 20,878

HOLD 17,982 LVIP Dimensional Intl Core Eq Svc NEW FUND BUYER

HOLD 145,706 Dimensional UK Smlr Coms Acc. RECENTLY ADDED 16,584

HOLD 31,651 International Small Company NAV RECENTLY ADDD 11,750

HOLD 35,662 Dimensional Europe Sm Comp D GBP RECENTLY ADDED 7,879

HOLD 4,060 CSIF World ex CH Small Cap Index Ble NEW FUND

[bigdog5] 22/6/2018 18:04

Poor old fuja, they don't understand how much BS he's posted up.

[bigdog5] 22/6/2018 17:37

sarah, your words not mine. Making stuff up again? The drilling data, are you making a reference to anything in particular? I don't understand there is a crook log for every well or woof woof.

[beernut] 22/6/2018 16:58

Gulf Keystone agrees spending plans for Kurdish oil field boost

London (Platts)--22 Jun 2018 919 am EDT/1319 GMT

Gulf Keystone Petroleum and partner Hungary's MOL have agreed to boost production from its Shaikan heavy oil field in the Kurdistan region of northern Iraq, after reaching an investment plan with the semi-autonomous Kurdistan Regional Government.

Gross production capacity at Shaikan will be raised to 55,000 b/d over the next 12-18 months, up from around 35,298 b/d last year, with capital expenditure this year of $91 million on the field, Gulf Keystone said Friday.

It said the remainder of the $175 million-$215 million required spending to achieve 55,000 b/d production capacity is expected to be part of the 2019 investment plan.

The work program at Shaikan includes workovers, a new well, facility improvements and plant debottlenecking.

Gulf Keystone operates the Shaikan license with a 75% working interest.

Its partners are Hungary's MOL, with 20%, and Texas Keystone, with 5%.

The field has a current nameplate capacity of 40,000 b/d, and Gulf Keystone has previously described Shaikan's full potential production at around 100,000 b/d.

Shaikan has been contributing to the Kurdistan Regional Government's crude oil exports since November. Most of the field's crude is trucked to Fishkhabour on the Turkish border, where it is fed into the KRG's export pipeline, while the remainder is sold domestically.

Gulf Keystone is currently building a short spur pipeline from its Production Facility-2 to the Atrush export line, which links to the main export oil line to Turkey. This will reduce trucking requirements and raise netbacks.

--Robert Perkins, [e-mail]

--Edited by Jonathan Dart, [e-mail]

[1carus] 22/6/2018 16:38

I took a punt on this company in 2016 at 2p per share. It's been amusing somewhat to check in in here from time to time. Seems to me there are people on here that have lost their shirts. Some are sitting on a paper loss and may or may not recover that. Some seemed to have 'doubled down' on the lows and are recovering some of their loss and new investors like myself in a completely different position than the long term investors here. Today's news fake or not seems to have been received positively, why on earth people can be negative about that is a mystery to me. Good luck to all. Note the board have to be careful in their statements as deliberate misrepresentation can have dire consequences to all concerned! Feels to me there has been a turning point here. I have no idea what the company will be worth but it looks less of a dead duck than it did 12 months ago and recent buying activity appears to support this. Dyor.

[oil_investor] 22/6/2018 15:41

Fujairah: GKP received a net £15.5 million for March 2018 earlier this week. CEO Jon Ferrier has today said in RNS that Shaikan Jurassic production has averaged 32,138 bopd for the first five months of 2018.

The Brent oil price has strengthened since March 2018 and I see no reason to suppose that the net payments to GKP for April, May and June 2018 will be any less than for March 2018. On that basis, $46.5 million can be anticipated for those three months.

The current planned near-term expenditure of $73 million net to GKP goes beyond the 40,000 bopd target, which is apparent when a comparison is made with the 11 May 2018 Annual Report. details. There is a possible “double counting trap” for the unwary...again, compare with the 2017 Annual Report. But it includes a 25% contingency. Take out that 25%, and the figure drops to $54.75 million.

So we immediately see that the monies due for the April, May and June 2018 production, estimated above at $46.5 million, are only $8.25 million short of the planned spend, excluding the contingency. The July 2018 revenue should cover that difference.

So once those monies come in, the current cash pile will be untouched.

“Gulf Ain’t A Bad Place To Be”