Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 31/12/2018 00:35

Habby, you really are talking total rubbish. I knew why they needed pumps, I knew why they weren't installed, I know what the "issues" are. Perhaps it's the fact that you can't bear to accept that there might be others that really do know much more than you. Have you heard the term "control freak" and wondered if that could ever be levelled at you?

[stockport loser] 30/12/2018 23:37

Chreest you are thick.

[nestoframpers] 30/12/2018 22:18

I think the Chinese have done 9 years of DD , after watching the Koreans get burnt at Sangaw they would wouldn't they. Fair price in coming IMO.

[therectifier1] 30/12/2018 21:37

Lol 😂😂😂

You are fooling nobody.

[habshan] 30/12/2018 20:23

"these have been put in place"

"The thing is Habscam BigDog knew at the time that statement was incorrect but you didn't !"

Once again Sarah you get the whole thing round your neck.

Bigdogs was having trouble getting his head around the NEED for pumps:-

"Perhaps falling production, the need for pumps, why they're needed and why they haven't been installed means all is ok in your little world."

His question was not about whether or not pumps had been installed but WHY they were needed.

He was too timid to ask the company the question so I asked it for him:-

"Sir.

We are told that Shaikan is strong robust and stable and will produce for many years into the future and that it has a gas drive.

We are at the very early stages of production so I would like to know why some of the wells require the assistance of ESPs.?"

This was the response from the company and it answered Bigdog's question:-

"These have been put in place to counter natural pressure decline and because Shaikan is relatively shallow and normally pressured it doesn’t require as much decline as other fields before artificial lift is necessary. Artificial lift in the form of pumps is very common throughout the world."

I hoped that Bigdog would learn something that would help him understand a little of how it all works and why the pumps are needed but it wasn't to be.

As for you Sarah, if you applied yourself and tried to pay attention you might come across as something other than just a loud mouthed banshee with nothing useful to contribute.

[obesepaddington] 30/12/2018 19:37

£40-75But I could be overly prudent

[gkphero] 30/12/2018 19:29

I will take £110 per share for a quick sale.

GKP = Sold before February 2019 I tell thee.


Time for some noodles.

[asherspoodles] 30/12/2018 19:29

hxxps://ekurd.net/china-gulf-keystone-kurdistan-2018-12-14

Trevanian
Posts: 1
Opinion: Strong Buy
Price: 174.00
What actually has happened to GKPToday 10:39Gulf found a huge land based resource. Argue amongst yourselves quite how big , no matter its massive.
A variety of tactics were used to try and circumvent the company's grip on the asset.
Directors musical chairs , share manipulation , false court claim, and ultimately the company was completely doomed as a hostile acquirer had gained almost enough stock to vote out the board, and vote through an asset sale of Shaikan to themselves,paying off guaranteed debt holders , but leaving equity and convertible bond holders with nothing.
The balance sheet restructure was the only way the company could survive.It had two main functions:
1. Destroy the hostile holding to prevent Shaikan being stolen.
2. Protect the company ( that meant putting over 50% of the shares into hands that were going to hang on) whilst a true auction of the asset , and sale diligence studies , and contracts were completed.
Those processes are complete ( see CNPC subsidiary studies ) and he company will announce sale soon.
We may see the PSC etc before but I rather doubt that as the MNR probably do not want these details in the public domain.
So I anticipate a sale announcement as the PSC negotiations obviously long finished or the company would not , indeed could not have submitted a new FDP that their partner MOL refer in NOv presentation,without PSC term certainty.
The who the buyer is looks clear to be CNPC/CNOC/Sinopes one or all.
Chinese government agents all.
How much? Order of magnitude north of the market share price for sure.xxx

[asherspoodles] 30/12/2018 19:27

32 quid my view

[asherspoodles] 30/12/2018 19:27

Have sold this

[stockport loser] 30/12/2018 19:18

Lol. Bob wrote that 100%, dull Paul wrote the first one.Chuckle brothers...

[obesepaddington] 30/12/2018 17:59

XxxxXLSE trevanianOpinion:No OpinionPrice:179.60Commercialising Oil FieldsToday 15:19I think that we may all benefit from understanding how oil fields are commercialised.Operators cannot submit Field development Plans (FDP) without Production Sharing Contract (PSC) certainty. The PSC sets out the long term obligations, benefits, terms of engagement for all parties to the contract. The FDP has technical aspects and a requirement to submit commercial plans and basis for financing development. It cannot be designed without forward revenue term models agreed in the PSC.We now know that a new FDP was submitted in early October, this is reference minority partner MOL November presentation.MOL are booking new reserves on their existing 20% working interest (WI).GKP must also have suffered no dilution meaning their share of reserves has automatically increased by (80/58) a 38% increase. This does not account for the further 80% share from an upgraded CPR(Competent Persons Report) that will be derived from the new FDP. This exists as MOL is booking 2018 reserves. What the detailed numbers are is impossible to specify,but these increases are in the hundreds of millions of recoverable barrels. It is clear GKP have not released these details to the market .This is a mystery.Why the delay? I could but will not speculate. I will say that GKP has always been a most attractive takeover target since discovery . I cannot find a comparable independent operator on land.The unprecedented technical access given to the Chinese is way beyond what would be commercially acceptable in the industry without advanced contractual agreement and significant associated break fees.Tomorrow is the end of the existing oil sales contract and end of both MOL and GKP financial years.The news moratorium may or may not continue. It clearly cannot continue forever.