Gulf Keystone Petroleum Share Discussion Threads

[mcfly02] 24/10/2019 09:54

Good Morning Jamie 😃

That's exactly how it was explained to me at the time.

[chinese_takeaway] 24/10/2019 09:37

https://twitter.com/GoodnightCharl1/status/1187265886794768385?s=19

[chinese_takeaway] 24/10/2019 09:34

LEST WE FORGETChina’s oil companies eyeing Gulf Keystone’s flagship asset in Iraqi Kurdistan: DJPosted on December 14, 2018 by Editorial Staff in Oil & GasChina National Petroleum Corp CNPCChina National Petroleum Corp CNPC, 2017. Photo: AFPNEW YORK,â€" Chinese oil majors appear to be casting a fresh eye over Gulf Keystone Petroleum Ltd.’s (GKP.LN) flagship oil asset in Iraqi Kurdistan, according to a copy of a report seen by Dow Jones Newswires.Experts from the China National Petroleum Corp. CNPC 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 Kurdish region of Iraq, according to a report on the study.Shaikan has been described as a “world-class oil fieldâ€? 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.â€?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 interestâ€? 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.By Philip Waller, Dow Jones NewswiresCopyright ©, respective author or news agency, wsj.com

[broadford bay] 24/10/2019 09:30

good morning mac,

universities and other relevant technical institutes are regularly allowed (by the government organisation to which such data belongs) to further analyse such data.

In this way, the most up-to-date technical evaluations are brought into the public domain. In many cases such evaluations prove to be completely un-commercial at the time, but have often stimulated further study and understanding of the issues.

You can see the effects of this cooperation all over the world, and not only in the oil industry.

[beernut] 24/10/2019 09:06

LEST WE FORGET

China’s oil companies eyeing Gulf Keystone’s flagship asset in Iraqi Kurdistan: DJ

Posted on December 14, 2018 by Editorial Staff in Oil & Gas
China National Petroleum Corp CNPC
China National Petroleum Corp CNPC, 2017. Photo: AFP

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

Experts from the China National Petroleum Corp. CNPC 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 Kurdish 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.

By Philip Waller, Dow Jones Newswires
Copyright ©, respective author or news agency, wsj.com

[gkphero] 24/10/2019 08:36

I'm a buyer today.

The end is close.

[nestoframpers] 24/10/2019 08:33

OT C02 is good

[urals] 24/10/2019 07:49

Oilio It does look like the company doing their level best to tip mushrooms the obvious!https://twitter.com/Paul47293202/status/1187244451456049152?s=19 "I see the DQ 040 rig has a nice CNPC logo on it."

[stockport loser] 24/10/2019 06:51

Morning David.

[nestoframpers] 23/10/2019 23:16

Todds big F-K up was Sh 7 , no need to go there , save that cash and we'd not have had a 10 year wait.

[frenchybannedme] 23/10/2019 23:08

Joseki, you need to walk away from this Avatar that is consumimg you.

Really.

[0ili0] 23/10/2019 22:46

I see the DQ 040 rig has a nice CNPC logo on it.

[nestoframpers] 23/10/2019 22:13

They shouldn't bother with gas re injection , just go for production at this stage.

[0ili0] 23/10/2019 22:08

My contact in K says SH-9 is still in the Cretaceous. Keep it to yourselves.

[nestoframpers] 23/10/2019 22:03

Lol , look at all the trolls , near the end here. Topped up again on Mon just in case.

[mcfly02] 23/10/2019 21:52

Microsoft seeks advice on how to setup GoatCams in the hills.

See latest Microsoft TV advert.

GoatCam leading the way in innovative technology for Kurdish investors 🤷‍a94;️

[frenchybannedme] 23/10/2019 21:33

I see the Avatar that most of us have filtered manages to dangle the likes of Joseki and the Loser on a string, day after day after day.

How funny.

[stockport loser] 23/10/2019 21:21

No he didn't, you just see a takeover in every RNS or report that is published. Anyone who questions your insanity is added to your fictional world of big oil and the Chinese and becomes a paid deramper after your tickets. Cuckoo...

[nestoframpers] 23/10/2019 20:42

It looks as though Voleon don't want to commit commercial suicide but it will take them an age to acquire 1.3m at this glacial pace. As of last night they were still at 0.6% short.

No hurry OAP , there might be if the HCL gets done though.

[urals] 23/10/2019 20:04

No bidJust a done dealChairman told everybodyIn writing

[7imon] 23/10/2019 19:45

Maybe a Halloween Bid ?