Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 24/6/2019 13:09

habby, I read your posts and it ought to be clear to all that OM is and has been running rings round you for years with correct views and info shared here. Whereas your waffle, predictions and opinions have been proved to be of zero worth n'est ce pas.

If the Insti's have any sense and consider the evidence of all the delays and failures from the continually altering mega hyped plans they will realise they are in disarray and take the appropriate action. No one wanted to believe me when I said the company have been "forced" into making a dividend. Now the buybacks have been agreed it ought to be obvious the company are desperately trying to keep their main shareholders on board. I expect them to be selling after the dividend and into the buyback's as this is a company that can hype but never delivers.

[mcfly02] 24/6/2019 13:03

Is it just me or does this pillock really think that people can be bothered reading these ridiculously long repetitive rants from HabscamBOB ???

And then to login to ten other avatars they use to immediately vote up their own rant thinking they are fooling people.

I think there is more than one here with a screw lose.

[mcfly02] 24/6/2019 12:49

Why do I get the feeling that HabscamScot is now HabscamBOB.

Firstly you haven't a clue what I've been doing for the last ten years or why I travel to Kurdistan!

Robert Waterhouse has ZERO Qualifications in oil & Gas !

In respect to the CEO I won't repeat what he calls Bob privately.

As for you posting all that experience can you tell me why they got it wrong and I got it right about the pumps last year ???

Information is KING !

🐐🎥®

[stockport loser] 24/6/2019 11:54

Sell off after AGM, what happens when it goes ex div? No wonder theyve been ordered to buy back by the iis.

[tess_tickle] 24/6/2019 11:08

ANY MORE BORROWING PLANNED, BONDS

[habshan] 24/6/2019 10:14

And that from someone who only a few weeks ago still thought that the reservoir drive mechanism was the aquifer, and hadn't a clue what the implications of the gas cap are even though he'd been bandying the term about for months after hearing the adults use it.

And now he's an expert on pumps and artificial lift who has zero faith in the management, thinks they don't know what they're doing but has millions of shares.

There is a connection Oilman between the acceleration of the gas re-injection programme which will re-pressurise the gas cap and the specification and even requirement for the pumps.

Your yap yap yapping on here will not make one single jot of difference to the progress, direction and outcome here, you could not be more irrelevant.

Oilman - "Just because they say that all the wells are talking to each other doesn't mean that they all have the same pressure. From my understanding the aquifer is under pressure and when they produce oil the pressure can drop but does that mean that the pressure drops at Atrush are because Gulf are pumping oil and vice a versa ???

Or is it simply a difference in aquifer pressure ???

Why do you think they are only currently targeting certain wells for pumps ???"

And your ridiculous assertion that an idiot like you who is totally unqualified and has never worked a single day in the industry is in a position to tell people like Mark Parsley and his team how to specify Submersible Pumps just beggars belief.

The word moron doesn't even begin to cover it.

"But they (the BoD) did fail because they ordered the wrong pumps.
I did tell them at the time but nobody listens.
They have now ordered the right ones hence the long delay."

Mark Parsley
Subsurface Manager

Mark joined Gulf Keystone as Subsurface Manager in June 2018.

Mark has more than 20 years’ experience in various subsurface roles in ARCO, Hess and Tullow. Mark has performed roles as a Reservoir Engineer, Economist, Production Engineer, Production Planner, Subsurface Team Leader, Reserves Manager, and Subsurface Manager for assets in the North Sea, SE Asia, Algeria, Middle East, West Africa, and the USA.

Mark graduated from Oxford University in Geology and has an MSc in Petroleum Engineering at Imperial College.

[mcfly02] 24/6/2019 10:09

Rafrider,

That will depend on the pumps being a success.

It's an unknown that GKP hopes will work.

Just take note they ordered the wrong spec hence the delay......Experts ???

The MNR are watching very closely.

Will the first be at the bottom of H or will they try SH5 first (risky)

[rafrider] 24/6/2019 09:43

Hi McflyIf your info is correct and you have called some right lately, do you still believe GKP will hit 55k by 2Q 2020 and if so is it a hold till then? You must believe in the asset as you wouldn't still be invested? I understand your attitude in countering some of the hype but we are all here to try and make a few quid, n'est pas?

[mcfly02] 24/6/2019 09:30

HabscamScot,

Thanks for that rant of desperation.

I've been telling you since the end of last year that the plan they published wouldn't happen in the timescales they said it would.

Pumps, leave it to the experts lol.

The pump program is in tatters due to the fact THE EXPERTS ordered the wrong ones and they are currently paying for a rig to sit there doing nothing.

The Drilling Program,

Leave it to THE EXPERTS. IN A SHORT Period they were supposedly going to drill SH G but due to reasons beyond your understanding they had to bring SH H forwards and they managed to fall behind with that. Now SH G has been pushed back again to make way for SH9 how did I know this last year ???

SH 9 GAS PROGRAM,

Again something you fail to understand. I was telling you about problems GAS CAP related since last year when THE EXPERTS said it would be a Jurassic producer first and now because of the depth of the gas cap its can only be a injection well.

PF1,

Would you like me to explain why PF1 is virtually being rebuilt due to the effects of the H2S ???

You see HabscamScot for a secondhand car parts salesman as you incorrectly call me I have an incredible insight into the oil industry in Kurdistan especially with GKP.

You just have your childish petty blog agenda.

Leave it to the people that know.

[bigdog5] 23/6/2019 23:31

Habby, this comment of yours addressed to OM:-

"Although it's at least pleasing to see that you've at last taken on board that it's "best to leave it to the experts."

I would suggest that it's you that's a bit simple because when he says "best to leave it to the experts" he's taking the pi$$:-).

The "experts" to whom he is referring took 70 days to do a simple work over.

Get it now:-)

Btw, there's no need to keep repeating your points, they're pointless and inaccurate anyway so suffering them once is more than sufficient.

[habshan] 23/6/2019 23:05

"Be nice if this was to do with Exxon but been dreaming too long now. GLA"

Hi Beernut.

It was reported last week that the $53 billion contract down south that Exxon are trying to negotiate with Baghdad has stalled because Baghdad are adamant that they will never give an IOC a Production Sharing Contract and that they will only give Technical Services Contracts.

Now would be a good time for the Kurds to start courting Exxon again.

[beernut] 23/6/2019 22:52

Be nice if this was to do with Exxon but been dreaming too long now. GLA

Kurdistan to Develop Investment Ties with US: Leader

BasNews 23/06/2019 - 23:11 Published in Kurdistan
Kurdistan to Develop Investment Ties with US: Leader

Tagged under en
ERBIL - Kurdistan Region President Nechirvan Barzani said on Sunday that the autonomous region will work on further strengthening the investment ties between Erbil and Washington.

Barzani made the remarks during a speech after signing a memorandum of understanding to further develop business and investment ties between the Kurdistan Region and the United States which was signed by representatives from the US Chamber of Commerce and their counterparts in the autonomous region on Sunday in Erbil.

"We thank the American companies who never left us in the hard times and now the Kurdistan Region will not forget that and will make every facilitation for them," the Kurdish president continued, adding that they will ensure the rights of the foreign companies.

He additionally pointed out that a new chapter of the Erbil-Baghdad relations should be started, noting that both sides "should have got experience from previous mistakes."

[habshan] 23/6/2019 22:43

"Just for an example on how things change and how information is known to a few."

It's being able to understand and interpret that information Oilman, and that's where you never fail to fall flat on your face every time.

You just can't comprehend the complexity of developing an oilfield or the magnitude of the undertaking can you.

Although it's at least pleasing to see that you've at last taken on board that it's "best to leave it to the experts."

Something even more important that you need to understand though is that when there is a change of plan:-

THE PLAN CHANGES.

You clearly have a problem with this.

We have been told that the plan has changed in order to drill the Gas re-injection well, and insert it into the programme after well-12 which is currently being drilled. Stuart Catterall said in March that they wanted to do it and they've decided to get on with it, almost certainly to address the MNR's concerns over flaring and facilitate the approval of the FDP.

So if you're going to drill five wells instead of four, the programme will obviously be extended by the duration of that activity, which in this case is around three months or so.

Changing the plan is a simple enough notion Oilman and you going into a frenzy and putting it down to incompetence every time simply highlights your lack of experience of such things.

I think everyone else here understands it and it's why, knowing that you aren't the sharpest tool in the box, I've tried over the last few months to explain to you that developing any oilfield, let alone one as large and complex as Shaikan is not like refurbishing an old Land Rover part and that plans and programmes need to be flexible and CANNOT BE SET IN STONE.

So don't pretend I didn't try to warn you about what could happen:-

"It's referenced in previous RNS's that contingencies of 30% are built in, it's standard procedure to build such buffers into your project planning because things rarely go according to plan and can't be set in stone. You need to have flexibility."

"Developing a complex oil reservoir in the bowels of the earth isn't like selling used car parts Oilman. You can't always be precise about how long things are going to take. So don't fret about it."

"Developing a highly complex fractured reservoir thousands of feet underground is not like throwing an old suspension arm on a workbench for a cleanup and a lick of paint and then telling the customer that he can come back and pick it up at half past ten tommorow morning."

"It is simply not possible to develop an oilfield without hitting snags. If it were then we could employ people like you and Bigdog and pay them a few pounds an hour."

"But why are you worried anyway.

If they did run over what do you think's going to happen.

Is the sky going to fall in, the ground open up, somebody get killed?"

"I've already told you that everything isn't simple Oilman. It's why 30% is built into both budgets and programmes for contingencies, and it's why we employ qualified experienced experts."

"Developing an oilfield would only appear simple to someone who doesn't have the experience to understand what's involved."

"If we did run over, so what. Why do you think it's important"

"But why are you worried about it anyway. Developing an oilfield is not like refurbishing an old car part."

You're a donkey Oilman.

Leave it to the experts.

[stockport loser] 23/6/2019 22:05

Lehmen Brothers?

[pensioner2] 23/6/2019 21:52

.....................................and a lot of US hedge funds who are legendary in the way they throw away vast sums of money on lost causes. But, at least they haven't yet lost their kilts, unlike some.

[kiltless highlander] 23/6/2019 21:03

.... and the trowel heads nesto!

[nestoframpers] 23/6/2019 21:00

Anyone bored of toughing this out yet ? Whether or not it will all be worth it is immaterial now , only the most stubborn believers left in.

[urals] 23/6/2019 20:06

https://twitter.com/Paul47293202/status/1142705269148925952?s=19

[urals] 23/6/2019 19:57

Impossible to disagreehttps://twitter.com/Paul47293202/status/1142724278137315329?s=19

[urals] 23/6/2019 19:57

No brainer It's clearly a takeover defense, expect a hostile bid imminently Agreed.So GKP now have shareholder authority to buy back anything between about 23 million and 29.2 million shares. The $25 million figure is far lower than that and only represents an apparent very short-term intention. But GKP can enter into contracts or commitments to purchase shares even if they don't have sufficient cash - because they would pay for them at some future date beyond the 2020 AGM.Another point is that almost 90 million shares were not voted at the AGM. The PIs hold a relatively marginal number these days, so it is not them. It is someone else. Who is it? Why would such a huge number of clearly institutionally-held shares (or whatever) not be voted? And why did GKP recently send personal letters to some - but certainly not all - PIs urging them to vote?Hopefully the share price is now going to rise and GKP will at an appropriate time be sold at a decent price, whatever that might mean. 

[bigdog5] 23/6/2019 19:48

It always amazes me that the ramping trolls always believe whatever the company hype up when announcing their plans how easy they will be achieved.

If one was to take an honest look at the past history of the company none of their plans have been "easily achieved" usually taking years longer than hyped and a vast amount of them fail.

For instance, look at the January 2019 Presentation that had you all excited over the numbers of 75k and 110k when it was clear to those of us that understand that they were unlikely to reach 55k a day in the company's timeline. The ramping trolls were banging on about the income that would be arriving from 55/75/110k a day as if it were just a few months away.

Do compare what was hyped up from that January Presentation to what has just been announced. Do consider the effects that will have on the income. Then add in the dividend and a buyback. Consider the FDP and how that has disappeared due to "gas issues".

All going to be real easy is it, lol.

Btw it appears that the Chinese moron hasn't been able to work out where a material amount of shares will be held and why they're "under the radar". But there again he understands so little in the grand scheme:-)

[urals] 23/6/2019 19:28

Hard to disagreehttps://twitter.com/Paul47293202/status/1142724278137315329?s=19

[urals] 23/6/2019 19:27

It's clearly a takeover defense, expect a hostile bid imminently Agreed.So GKP now have shareholder authority to buy back anything between about 23 million and 29.2 million shares. The $25 million figure is far lower than that and only represents an apparent very short-term intention. But GKP can enter into contracts or commitments to purchase shares even if they don't have sufficient cash - because they would pay for them at some future date beyond the 2020 AGM.Another point is that almost 90 million shares were not voted at the AGM. The PIs hold a relatively marginal number these days, so it is not them. It is someone else. Who is it? Why would such a huge number of clearly institutionally-held shares (or whatever) not be voted? And why did GKP recently send personal letters to some - but certainly not all - PIs urging them to vote?Hopefully the share price is now going to rise and GKP will at an appropriate time be sold at a decent price, whatever that might mean.