| Date | Subject | Author | Discuss |
|---|
20/1/2019
19:44 | macfly,
Taq Taq output suffered greatly as it became clear that they were pulling too strongly from the formations – heavily fractured formations are Autobahns for ALL fluids, and if you extract crude faster than the surrounding fractures can replenish then you have serious “issues”, and water is generally the one issue that then starts to bite you. It’s not yet clear if TT can recover from the over-production issue and slowly increase their output once again – but they will never get back anywhere near to 140 - 200Mbopd they once dreamed of.
ESPs can greatly increase flows in low energy reservoirs – but you have to know your reservoir “deliverability” characteristics, and even then, some of these formations are so shot to pieces that you can get huge variations inside even 1000m.
Such detailed knowledge of your formation deliverability characteristics takes time – sometimes years of time.
Maybe GKP reservoir / formation management is now becoming more professional in their understanding and management of the asset? Look what greed (over-production) has done for Kirkuk output – a ginormous field but now with many stranded and bypassed formation pockets that will need careful technical (& financial) solutions to be retrieve the bypassed crude in future years.
(...That's me in my "kind" mode).
zum Wohl! (dinner bell just sounded) | 
broadford bay | |
20/1/2019
19:42 | “Jamie, All the wells are currently choked back because of the water based drilling fluid apparently. Now if you were looking at taking an interest in the block would you want GKP to prove that it is infact just drilling fluid and nothing else ? There are many questions that Gulf need to answer with facts and data that they keen to keep under wraps. I did put these questions directly to the company and 2 days later I was removed from the blogs”
Are you not the chap that has had first hand contact, being invited to the region, to actually come to a somewhat educated conclusion, other than to continue with the questions. You already know the answers, so why not help the Pi. I am done pointing fingers at you for the past. However you knowing what you may or may not think is factual, may also help those that regarded you as their answer. Making money is one!
You let folks down. About time you start helping those that needed it back then, more so now.
I am not team bob, or paul. I am actually a genuine private investor. Lost loads. Had the option to purchase, and did, albeit in small quantities and trying to regain my loses.
I hope you can see it somewhere within your realm to help the old school private investors, rather than turning your back on them because you now trust nobody.
GLA :) | 
bj476 | |
20/1/2019
19:41 | Guys,
All I said was the drop is 500/32900 in a year. Sounds pretty good to me!
Sounds like a good resource to me! This despite whatever problems are being hidden and no work done.
Everything else, doing stuff delivery, hiding stuff, ability to deal with MNR - all negative.
The only other thing is that JF must be polar opposite of what went before, which may have steered GKP to safer waters.
Again appreciate all the stuff shared on here!
JF does actually have my money, he has my contribution to the 40,000 plan of 2016!
No delivery and didn't stop any bonus yet. |
officerdigby | |
20/1/2019
18:55 | Jamie,
All the wells are currently choked back because of the water based drilling fluid apparently. Now if you were looking at taking an interest in the block would you want GKP to prove that it is infact just drilling fluid and nothing else ?
There are many questions that Gulf need to answer with facts and data that they seem keen to keep under wraps.
I did put these questions directly to the company and 2 days later I was removed from the blogs. |
mcfly02 | |
20/1/2019
18:34 | Bigdog,
the inability to sustain the 40Mbopd output has never been properly explained but, to be fair, they did at least hit that particular target, even if it was for only a few days.
Conjecture as to why (not) is easy, is tempting but ultimately futile without feedback from the people managing the show.
An interpretation, and nothing more, could be that monitoring of the OWC in conjunction with the flows from all SH wells and their communication with other wells on other blocks, started to show that pressure pulldown was too great and that they needed – for proper, conservative formation management – to reduce / throttle back flows. This probably started with only 3 wells or so but may now be becoming the norm for all producing SH wells. As I say, that’s an interpretation, an opinion only.
I think we started with an average output of 5Mbopd per well – maybe we’ll end up with one closer to 3.5Mbopd? That’s still a very nice flow and more so if your balance calcs show it to be the best way forward for a nice, long output plateau.
Cheers - this next week should bring some news at least. |
broadford bay | |
20/1/2019
17:31 | An agreed sale via scheme of arrangement will be announced before mid Februaryðððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:v | 
asherspoodles | |
20/1/2019
17:04 | ðððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:v |
asherspoodles | |
20/1/2019
17:03 | Xxxxxx xxxzzzzzzzzððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:v |
asherspoodles | |
20/1/2019
17:00 | ððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:vmmmmm |
asherspoodles | |
20/1/2019
16:59 | Rrrrrððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:v |
asherspoodles | |
20/1/2019
16:59 | ððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:viiio |
asherspoodles | |
20/1/2019
16:57 | Broadford, the MNR need to lose their debts, Baghdad won't pay them, said it before. However, I suspect the MNR will want to retain a percentage of shaiCON and that could be where the problem lays. Need for control. There are clues that "the controller of all" currently views the asset as insignificant with production having massively fallen and nothing done to rectify. Impasse.
The company failed with their plan getting to 40k a day. I said achieving 40k a day WOULDN'T be "cheap easy and imminent" as others stated due to "issues". The clueless here refuse to believe these "issues" exist because the company don't refer to them. Turkeys and Xmas. The company then abandon the 40k a day and announce (spin/hype) a greater target (55k) on a longer timescale. I doubted they could achieve the 40k, likewise on the 55k with their timescales which is now already behind plan.
As for debottlenecking the clueless believe all will be easy and go to plan. It seldom does. There's already delays. Will the ESP's be a success or cause problems. Will the new wells be problem free. How many new wells do they really need. Is there a need for gas re injection sooner than they state, any fluid issues.
"Maybe the re-capitalisation of the company didn't suit the financial requirements of some in Arbil and heels were dug in rather firmly?
:-)
"At the end of the day IMO there's going to be a huge "write-off" of expected costs (Capex and even historical sales revenues) as that's par for the course with MNR".
Been saying that for absolute years.
"In the meantime, a takeover approach at ca $3.50/bbl"
Somewhere ca $3-$3.5bbl but dependent on Brent imo. Initially a farm in makes more sense to enable a potential purchaser to evaluate all the "issues". Aimo. |
bigdog5 | |
20/1/2019
15:41 | ððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:kkkkk |
asherspoodles | |
20/1/2019
15:35 | Well done Broadford! Bravo!! | 
asher666 | |
20/1/2019
14:50 | Announcement before mid Feb |
asherspoodles | |
20/1/2019
14:47 | Sold by Easter Lol. | 
nestoframpers | |
20/1/2019
14:04 | ððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:v |
asherspoodles | |
20/1/2019
14:04 | Eeeexxxxxðððððððððððððððððððððððððððððð£40-100 Jeremy imoâ?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?â?¤ï¸?ð'ð'ð'ð'ð'ð'ð'ð'ð'How much have CNPC paid?80% x591 2p + increase from MOL upgrade pro-rata that is .570m 2p$10 bucks =5.7bn = £20 a share+ the concentration from samis buyback say £25Easily £50 plus but let's be cautiousPSC negotiation was "STRING ALONG NONSENSE" ALLOW TIME AS COMPANY KEPT IN HOLDING PATTERN WHILST SALE LEGALS ETC DELIVEREDTHEY REVEAL AT THE BOTTOM OF A PRESENTATION SLIDE "IF PSC AMENDED....."THEY ACTUALLY AGREED A SALE OVER 18 MONTHS Ago...CHINESE EXCLUSIVITY TO PERFORM RIGOROUS TECH DD ON SHAIKANð'TAKEOVER IMMINENTLY ANNOUNCEDð'BUYING BACK IN eg. 25% RETIRING IT CONCENTRATES HOLDERS profits higher,at T/O, BY 33% HOW MANY THEY HAVE BOUGHT BACK IN?Gulf subject too Bermudan M + A law, agree a conditional SALE well over a year ago to the Chinese .NO RNS REQUIRED UNTIL A FORMAL COMPLETION SALE MADE."IMPLEMENTATION AGREEMENT " is standard legal format in this jurisdiction, gave exclusivity to buyer whilst they did TECHNICAL due diligence on ShaikanPARA 7.2 7.3 7.4 below:SOME OF SHAIKAN Chinese technical DD can be seen here:v |
asherspoodles | |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
