Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 13/2/2019 13:36

Still no news on the easy, cheap and fast workover then. If they can't achieve such a simple task what does that mean for all the hype? Lots of selling today, perhaps the reality has kicked in.

It doesn't appear that pensioner has realised he's got to divide all those shares he originally had, all the shares he bought in the OO have to be divided by 100. Another with an average of £20.

[beernut] 13/2/2019 13:25

Genel full year results on 20 March. When are our results due. Maybe announced by CNPC next year.

[nestoframpers] 13/2/2019 13:20

Shaikan will produce for 100 years , there is a massive pipeline going to it , we are been kept in the dark.To that add POO over $200 a bll it is coming , the next 5 years IMO.

[beernut] 13/2/2019 13:20

Taq Taq Oil Reserves Update
13th February 2019 in Iraq Oil & Gas News
Genel Energy has announced that McDaniel and Associates (‘McDanielR17;) has completed the competent person’s report (‘CPR’) relating to the oil reserves at Taq Taq as at 31 December 2018.

Field performance in 2018, and notably the success of the TT-29w well drilled on the northern flank of the field, has led to an upwards technical revision of reserves, resulting in a 62% reserves replacement at the 1P level.

This revision does not take into account the recent positive results from the TT-32 well, which completed in 2019 and is currently adding over 3,000 bopd to field production.

Drilling in 2019 is targeting opportunities on the flanks of the field, with the TT-20z well nearing completion and three others then to follow. Should the wellsi match the performance of TT-29w and TT-32, Taq Taq could deliver a significant year-on-year production increase, with room for further growth in 2020.


The Company expects to announce CPR reports for other assets in the portfolio prior to the announcement of full-year results on 20 March 2019.

(Source: Genel Energy)

[0ili0] 13/2/2019 13:19

Is this being worked to fill another big 1m order?!?!

[gkphero] 13/2/2019 13:14

A whisper told me that GKP is sold and the price is £75 per share.

[pensioner2] 13/2/2019 13:09

Just imagine, Bigdog, if you'd bought 1.1m after the close yesterday @ 209.5p what angst you'd be feeling now @ 204.5p? Or, maybe not, if you knew a much bigger payday was coming.

[gkp_banggone] 13/2/2019 13:06

Xxxxxx😀From IR 16th January 2019:-"GKP now has an 80% working interest in Shaikan, as per the Shaikan PSC executed in 2007. Discussions which could lead to a PSC amendment continue and GKP will inform the market in due course. As previously communicated, if the PSC is amended, it is expected to be at least neutral to the company."=====+The 58% is therefore not valid , and the company clearly communicated this change, and have said 80% in the most recent presentation, and if there was to be any PSC change it would be value neutral to them at worst..So a FDP signature would take 80% of current 2C into 2P , meaning at worst case reserves are 800m 2P.Peel Hunt continue to use the invalid 58% figure in generating a core NAV, and I understand the BOD have been clearly advised that this continued misrepresentation needs immediate correction.We will see either a major JV or a sale, as it is simply not credible that almost 3 years have elapsed in negotiations an evolved PSC.I found the presentation very disappointing, as it did not address any key commercial matters of interest.Perhaps this is understandable however. Jon Ferrier was clearly discomforted when the issue of Chinese analysis was raised. Perhaps that was understandable too!

[gkp_banggone] 13/2/2019 13:06

#GKP #GulfKeystone #takeoverAs we wait for imminent sale RNSThink!! ðŸ¤"CNPC is 4th largest corporation in world current reserves are 3.7bnBuying Gkp increases by minimum +20%Have any idea just how valuable that makes this acquisition?😀How much they'd pay to win GKP?

[bigdog5] 13/2/2019 13:05

Speaks volumes that JF was looking elsewhere for assets.

Loads of selling today I note.

[nestoframpers] 13/2/2019 11:46

''not to mention their lies and duplicity.''

[gkp_banggone] 13/2/2019 11:42

😀From IR 16th January 2019:-"GKP now has an 80% working interest in Shaikan, as per the Shaikan PSC executed in 2007. Discussions which could lead to a PSC amendment continue and GKP will inform the market in due course. As previously communicated, if the PSC is amended, it is expected to be at least neutral to the company."=====+The 58% is therefore not valid , and the company clearly communicated this change, and have said 80% in the most recent presentation, and if there was to be any PSC change it would be value neutral to them at worst..So a FDP signature would take 80% of current 2C into 2P , meaning at worst case reserves are 800m 2P.Peel Hunt continue to use the invalid 58% figure in generating a core NAV, and I understand the BOD have been clearly advised that this continued misrepresentation needs immediate correction.We will see either a major JV or a sale, as it is simply not credible that almost 3 years have elapsed in negotiations an evolved PSC.I found the presentation very disappointing, as it did not address any key commercial matters of interest.Perhaps this is understandable however. Jon Ferrier was clearly discomforted when the issue of Chinese analysis was raised. Perhaps that was understandable too!

[habshan] 13/2/2019 11:29

18 months ago in post no.568475 BroadfordBay said this:-

"Yes, we correspond privately as we have known each other for years." and "that's what you do with friends and people you trust."

A year ago he said this in his post no.555526:-

"Tony,

I don't even attempt to keep up to date with avatars and multi-avatars, not to mention their lies and duplicity.
If you could update me with the most dangerous "ones to watch" i'd be grateful."

So there we go.

BroadfordBay, who claims to be qualified, experienced, on the edge of retirement, half sensible and bringer of "much needed balance" to the board has asked Oilman to tell him what to think.

He has allowed Oilman to brainwash him and decide for him, who is "dangerous" and who is not.

"From what I have been told about you..."

He's just parroting what Oilman tells him, it's no wonder their agendas are so aligned and he comes across as being just another idiot.

[lifeson] 13/2/2019 11:25

Below is taken directly from the Outlook section of the 1st Operational / Corporate RNS of the year dated 16th January 2019. Apart from the glaring omission of the normally ever present FY results publication date (still missing), it seems very odd, when the move to 55,000 bopd has been planned for years and sat on an ever increasing cash mountain, that there would be any delay in equipment delivery.

Incompetence or SOLD prior to any March drilling?

----------------------------------------------------------------------------------


"55,000 bopd production target moved to early 2020 due to delays in the delivery of equipment, affecting the start date of the drilling campaign, originally January, now March 2019."