Gulf Keystone Petroleum Share Discussion Threads

[officerdigby] 24/1/2019 11:56

How much better off is GKP with fully pipelined oil.

Previous 2015/16 (CPR) Cals was $ 14-15.5 Brent discount for the oil and $4-5 transport cost.

2018 sales agreement was $22 Brent discount including transport. So costs gas drifted up.

However anyone know what cost of using pipeline is $1-2 or $3.
Quite significant on 30000 a day.

$2-3m month?

[asherspoodles] 24/1/2019 09:48

XNo FY report will be required if they delist by 30/4 - if not they HAVE to report.Listing regsNeither party wants that, and dec31 2018 was the perfect completion watershed.So it's very nearly all over ðŸ'ŒðŸŒ‹ðŸ˜ŠFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.

[mcfly02] 24/1/2019 09:47

Good Morning 😃

I see nothing changes the share price starts dropping and two people under loads of different names start desperately trying to ramp 😂

I thought the Chinese were buying us at Christmas lol.

9 years of FAILED predictions 🤡

[pensioner2] 23/1/2019 22:29

Where politics are concerned the Iraqi's might have pulled a trick on us, Digby? At least it seems a practical solution by recognising their inherent nature for double-dealing whereas our lot still act as though they have some integrity left when they don't. If only we still had a ducking stool:-):-)

[officerdigby] 23/1/2019 21:47

Everyone gets paid, and just cut out equivalent portion of budget. Perhaps this is the only way they can make it play. Politically?

[officerdigby] 23/1/2019 21:36

Just a guess but the agreement seems to allow reneging on 250000 and

[stockport loser] 23/1/2019 19:25

What a clown you are Carroll.

[bj476] 23/1/2019 19:22

He has either deleted his messages. Or, planning another return to the Houses of Parliament.

Both would again, result in the same conclusion. 30k investors, cannit stands ya mate! Get it. Relinquish your shares and get on with your own version of politics.

Sad sad sad, state of affairs. You always was!

[asherspoodles] 23/1/2019 17:50

ZzzzzzzzzzzzzzzXxxFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.

[asherspoodles] 23/1/2019 17:50

XxxFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.Mmmm

[stockport loser] 23/1/2019 17:45

Why is Trev writing like Bob?TrevBob - just when you thought this farce couldnt sink any lower.....

[asherspoodles] 23/1/2019 17:29

XxxxxxXxxFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.

[asherspoodles] 23/1/2019 17:29

XxxFrom Trevanian on LSE. China sale clues.Today 11:56.The March Agreement has still to be ratified by all parties through an amendment to the PSC.If amended, GKP’s working interest under the PSC will be 58.0% (comprising 54.375% for GKP and3.625% for TKI) with a cost exposure of 64.0% and the Capacity Building Value for GKP and TKI willbe reduced from 40% to 30%..GKP has requested that ERCE’s Base Case economic evaluation is based on the terms set out in the March Agreement. #I had time yesterday evening to look closely at the most recent Pareto presentation.It came as a pleasant surprise in a number of respects.I quote above ERC Equipoise last audit report from 31 August 2016Now like a conjurer, the company working interest is now stated upfront at 80%, just over 470 m of 2P reserves.The PSC amendment that has for so long been the subject of negotiation has turned into IF amended.Another magic trick!The real negotiations must have been for sale of the company.I would advise investors to look carefully at the production history graph slide 4.In March #pressure gage retrieval# incurred a small drop in monthly output.The sensor decommissioning clearly signifies the end of a field modelling survey.It would also explain why the company has held off from installing pumps to increase output for so long. Natural field pressure readings would be contaminated by such external drive supports and make field simulation modelling impossible.It is open knowledge now that CNOOC and CNPC published their Search and Discovery abstract just over a month later on April 30 2018, and that they had been given a level of access to Shaikan that would never be countenanced, unless under formal diligence within an exclusive contract.So the cat is clearly out of the bag and I would expect corporate news.I would also make a technical observation regards production last year.If the exceptional interruptions are stripped out the consistency of production without any EOR currently, points to very low pressure depletion. That strongly indicates carbonate fracture replenishment which could only be a result of matrix release. However ERC state in their 2016 report no potential matrix recovery. It would be of great interest to see an up to date reserve report. I do not anticipate such a publication, however the Chinese will understand what they are buying.

[asherspoodles] 23/1/2019 17:28

Up early Bigdog🇺🇸Trawling tens of thousands of posts to find some too ridicule does take a professional basher a lot of timeThanks for showing any blog reader your purpose hereYou 23,000 plus posts and constant presence are the biggest most obvious BUY RECOMMENDATIONS EVER 😊YOU'RE WELCOME😊ANNOUNCEMENT AGREED SALE BY SCHEME OF ARRANGEMENT to CNPC will be DEFINITELY DEFINITIVELY announced by March 1. YOU CAN TAKE THAT TO THE BANKIt might be announced MUCH SOONER but DEFINITELY no laterMinimum £25/share - £100+ not out of question. £45-60 imo likely range😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂‹ðŸ'™ðŸ'™ðŸ'™Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢Ã°Å¸â€™â„¢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 SHAIKAN💙TAKEOVER IMMINENTLY ANNOUNCED💙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:xxxx

[bigdog5] 23/1/2019 17:27

I also recall that the sages of Penge disagreed with my views and made posts saying the KRG wouldn't ever hand over their oil to Baghdad. Looks like their counter arguments were "incredibly flawed":-)