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GKP Gulf Keystone Petroleum Ltd

133.20
-0.50 (-0.37%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.37% 133.20 133.00 133.50 133.90 130.40 132.00 820,217 16:29:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 123.51M -11.5M -0.0516 -33.72 297.75M
Gulf Keystone Petroleum Ltd is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone Petroleum was 133.70p. Over the last year, Gulf Keystone Petroleum shares have traded in a share price range of 81.70p to 155.60p.

Gulf Keystone Petroleum currently has 222,698,655 shares in issue. The market capitalisation of Gulf Keystone Petroleum is £297.75 million. Gulf Keystone Petroleum has a price to earnings ratio (PE ratio) of -33.72.

Gulf Keystone Petroleum Share Discussion Threads

Showing 576726 to 576748 of 711200 messages
Chat Pages: Latest  23072  23071  23070  23069  23068  23067  23066  23065  23064  23063  23062  23061  Older
DateSubjectAuthorDiscuss
19/12/2018
14:26
I note that h7's "legend" is in a heap of problems.

I wonder if any of his "mates" are getting nervous.

bigdog5
19/12/2018
13:48
Here's doggie !!!!






"Whichever way one cuts the cake, either using $5 a barrel reserves or the $1.5 resources/OIP we get a value around the £19-£20 a share mark. So to me and for even a quick low takeaway we have to be looking at least £15 a share with upside should the Chinese (or even now the Koreans) come for the whole shop."






"Shaikan is massive, possibly 18b-26b barrels OIP.

Value we're not sure but think north of $5 a barrel. Recovery around 30%.

Company maker"

roverite12
19/12/2018
13:44
But Dog5hite - you said over a period of 6 to 7 years that "Kurdistan is safe" and that GKP was worth much more than " NINETEEN BILLION DOLLARS "


WERE YOU STUPID ?

OR LYING ?


Whatever the answer you obviously have zero credibility .......so why should anyone take notice of you now ?


Oh .....and why are you still here , posting every day ....?

roverite12
19/12/2018
13:27
Is everything friendly between the company and the MNR? It's just that sign offs take an incredibly long time to achieve. The PSC amendments that have been coming for years is an example. I think anyone could be forgiven for thinking the MNR believe the company are irrelevant in the grand scheme. The evidence being they concluded deals with the other exploration companies, wiped out their own debts to these companies and they've all moved on. But not at JF's "boring oil company".

I agree with an earlier poster and have said similar for years. Any possible interested party will deal with the MNR because without their agreements the licence or any part of it goes nowhere. With their agreement all that's then required is an approach to the main shareholders. The company would have little say in the price therefore rendering all the BS blue sky fantasy figures from the past irrelevant. Aimho.

bigdog5
19/12/2018
13:04
Just taken just over 2500 moreI reckon PSC 2 AMENDMENT finalisation is aEUPHEMISMFOR sale completionPersonally don't think it will be long before we find out.
obesepaddington
19/12/2018
12:28
🎅🎅🎅🎅


⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
12:23
peel hunt tip gkp share price to doubleToday 12:07published yesterday by gkp joint corporate broker peel hunt:

“As we look forward to what will hopefully be a more positive year in 2019, we have compiled a list of stocks which the Peel Hunt analysts think could double on a 2-3 year view”.

Buy Gulf Keystone Petroleum#

GKP

Production to double in next three years

With YE 2018E net cash of c$130-150m (up from $63m YE 2017) and recently building at c$20m/month, Gulf Keystone is extremely well capitalised as it starts the next phase of investment that will more than double production over the next three years. The business is therefore better placed today than at any time in its past to maximise the value from Shaikan for shareholders.

Value drivers

• Gulf Keystone is the operator of the Shaikan oil field in Kurdistan, a world-class hydrocarbon accumulation capable of delivering sustained high levels of production and cash flow generation for decades.

• A fully-funded capital investment programme of PHe c$95m during 2019 will focus on new development well drilling, ESP replacements, existing well workovers, debottlenecking facilities and a tie-in of PF-1 to the main export pipeline. Once complete, this should enable gross Shaikan production to reach 55Mbbl/d (PHe FY19 gross average 45Mbbl/d).

• Looking further out, the medium-term objective under the revised Shaikan Field Development Plan is to achieve a further substantial uplift in gross production to c75Mbbl/d before targeting a peak rate of 110Mbbl/d.

Based off our current oil price deck, Gulf Keystone trades at a c50% discount to our estimate of Core NAV £899m (389p/share) and on 2018/19 EV/EBITDA multiples of 2.5x/1.7x, respectively

thescaramouche
19/12/2018
12:23
• Gulf Keystone is the operator of the Shaikan oil field in Kurdistan, a world-class hydrocarbon accumulation capable of delivering sustained high levels of production and cash flow generation for decades.
thescaramouche
19/12/2018
12:20
tess,

rather liked your Mulled whine!

broadford bay
19/12/2018
12:14
🎄🎆🎄🎆 7876;

⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
12:13
🎅🎅🎅🎅


⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
11:54
KARMA WILL FIND YOU TOO MY FRIEND
guypender
19/12/2018
11:54
GAS LIGHTING TESS
guypender
19/12/2018
11:11
⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
11:11
⏲️
⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
11:09
⏲️

SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
10:55
I've just asked the company, they said no there isn't.
stockport loser
19/12/2018
10:44
SHAIKAN STEVENS RE-RELEASES "THE LEAST CHRISTMAS OF THEM ALL"
tess_tickle
19/12/2018
10:19
⏲️
⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xx👌

thescaramouche
19/12/2018
10:11
⏲️

SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S

thescaramouche
19/12/2018
09:44
SCROUNGE GKP INVESTORS FILL THEIR STOCKINGS WITH EMPTY EXPECTATIONS
tess_tickle
19/12/2018
09:35
GKP INVESTORS MULL AND WHINE OVER THE CHRISTMAS FESTIVITIES SHARE PRICE DOLDRUMS
tess_tickle
19/12/2018
09:31
⏲️
⏲️Θ2;️⏲5039;
SALE ANNOUNCED IN NEXT TWO WEEKS - ASK THE COMPANY ��

Following a very competitive in private auction Gulf Keystone is SOLD to the Chinese

GKP THEN ENTERED AN EXCLUSIVE " IMPLEMENTATION AGREEMENT "2017

hxxps://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/bermuda#chaptercontent7 Read 7.2

GKP TO KKEEP BUSINESS IN HOLDING PATTERN WHILST CHINESE PERFORM TECHNICAL DUE DILIGENCE.

hxxp://www.searchanddiscovery.com/documents/2018/42204lin/lin_slides.pdf

GULF HAVE A HUGE CASH MOUNTAIN $ 275,000,000

USED PROXY (CITIGROUP) TO BUY IN THEIR OWN SHARES

"OPTIMISING CAPITAL STRUCTURE" WILL RETIRE THIS STOCK CONCENTRATES PROFITS FOR HOLDERS ON DEAL ANNOUNCEMENT

Cash pile used to settle proxy'S BILL FOR SHARES THEY BOUGHT IN.

HOLD AND FILL YOUR BOOTS

THE COMPANY SHARES ARE WORTH MULTIPLES ON TRADE SALE .

Traditionally, the definition of a giant or super-giant oilfield has been a field whose reserves exceed one billion barrels. Super giant fields are generally ones whose reserves exceed five or even ten billion barrels.



Sinopec IS eyeing a takeover of London-listed Gulf Keystone
.. according to Bloomberg. That points to Sinopec’s urgency in replacing its aging oil reserves. In 2015, proved developed oil reserves using equity method accounting fell to 1.75 billion barrels from 2.53 billion at the start of the YEAR. (BUYING GKP INCREASES THEIR RESERVES HUGELY?)

Sinopec has managed to keep its energy replacement reserve ratio close to 100 percent in recent years largely through discoveries of natural gas. These don’t help its 34 refiners processing over half the oil China consumes!
THESE REFINERIES LOVE HEAVY OIL LIKE SHAIKAN S xxxx

thescaramouche
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