Gulf Keystone Petroleum Share Discussion Threads

[steephill cove] 17/8/2019 12:39

And given that the closest you've ever worked in the Industry was inspecting Land Rover Oil Sumps in a spare parts business makes you an expert does it?

[mcfly02] 17/8/2019 12:21

And all the lunatics in the asylum laughed at the same time.

You lead a lonely live don't you David.

[beernut] 17/8/2019 11:52

Old news from 2013 but brings a smile.

[beernut] 17/8/2019 11:48

Just a reminder.
This has been posted before but worth a reread.

13/12/2018 12:35pm

Dow Jones News


By Philip Waller


Chinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.'s (GKP.LN) flagship oil asset in Kurdistan, according to a copy of a report seen by Dow Jones Newswires

Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. (0883.HK) have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study.

Shaikan has been described as a "world-class oil field" with a current production capacity of 40,000 barrels of oil a day, though London-listed Gulf Keystone plans to increase this to 55,000 barrels in the next year or so and eventually to 110,000 barrels.

The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.

The latter includes the Research Institute of Petroleum Exploration & Development, which is the research-and-development center of CNPC and PetroChina Co. (601857.SH).

The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."

The report also appears to question a threshold used in a previous assessment of reserves at Shaikan to determine the level of rock porosity at which oil recovery would be viable, saying it is too high.

A spokesman for Gulf Keystone declined to comment on the study and the Chinese authors didn't respond to an emailed request for comment.

The report is the latest indication of wider industry interest in the field, which London-listed Gulf Keystone discovered in 2009.

In December 2016, a Bloomberg report said that another Chinese oil major, Sinopec, had approached Gulf Keystone.

In July 2014, sector bankers and analysts reportedly said that Sinopec, CNPC and U.S. majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) had "shown interest" in Gulf Keystone.

And in December 2011, interest by Sinopec was reported and Gulf Keystone subsequently went with advisers to China in March 2012.

Meanwhile, Gulf Keystone said this week that it received a $21.2 million net monthly payment for oil from the Kurdistan Regional Government in September.


Write to Philip Waller at [e-mail]

[beernut] 17/8/2019 11:35

On Twitter

Baron investments (Baron day trading)

Maybe posted already.
GKP listed as a top pick by PEEL, one of their most undervalued - "cheap no matter how you cut". When this starts to go, it will indeed do something big. Some appreciate what's coming re cashflows. In meantime, close to 7% div (including special) with buyback in play.

[0ili0] 17/8/2019 09:53

Sarah stayed out of the AGM being a spreadbetter with no voting rights. Tony running the recorder in the from row.MI5...MOSSAD...KGB...LOFL

[stockport loser] 17/8/2019 09:03

Correct NOR, MI5 are watching David very closely.

[habshan] 17/8/2019 08:57

Quiz - Who said - "There are 13 bill blls of movable oil in the Jurrasic ?"

John Gerstenlaur and everyone else who saw the data.

And 2 or 3 years before he said that, Sinopec beat out the Indians and others in a fight to buy this, a small producer of heavy oil, for which they eventually paid $2 billion.

184 million barrels of heavy oil in:-

“(Tanganyika Oil’s project) is up in the Kurdish areas in the northeast of Syria, near the Kurdish part of Iraq,” Grace said. “You’ve got a smorgasbord of political infighting.”

[nestoframpers] 17/8/2019 08:36

You are clearly Mi5 material OiliO.

[0ili0] 17/8/2019 00:40

Bonobo77 sat further back behind Broadford.

[stockport loser] 16/8/2019 22:11

Clearly a sell, and there's been others. The share buy back is in play for entities to sell out in a price range.

[0ili0] 16/8/2019 22:01

Mcfly02- I sat behind MikeyAdmin. LHS.You were RHS with nlper and renardargente.Broadford was further back on left, aisle seat.

[nestoframpers] 16/8/2019 21:37

2 months until pop.

Quiz - Who said -

There are 13 bill blls of movable oil in the Jurrasic ?

[0ili0] 16/8/2019 19:19

Harry don't like trolls. Just you be respectful. LOFLHarriet "Harry" Caper. Cancer survivor.

[urals] 16/8/2019 18:20

https://twitter.com/Paul47293202/status/1162401265608994816?s=19

[bigdog5] 16/8/2019 18:17

What did the samimack report say across the whole of Koruptistan?

Hmmm, wouldn't that pour a lot of cold "water" on the claims of Kozel?

And the kraken, box, missing slides and the fact that the Cpr has not altered?

[bigdog5] 16/8/2019 18:10

Where's the takeaway Chinese/Urals?

That's rather a lot of money for 340m of very heavy oil.

On the basis that there's been no improvement to the CPR and that DNO walked away why would anyone spend that ludicrous amount?

Be honest, doesn't history prove that when it comes to numbers you suck?

[0ili0] 16/8/2019 18:05

Before Bigdog gets neutered???

[pensioner2] 16/8/2019 17:36

Last gasp before ?????

[urals] 16/8/2019 17:34

It was a Buy

[pensioner2] 16/8/2019 17:32

A £1.4m sell shoves the price up...................mmm. All quite normal stuff, eh?