Gulf Keystone Petroleum Share Discussion Threads

[beernut] 18/6/2020 11:20

Posted by Chazzreinhold on Lse

Observation re. ACG Oilfield comparison - 13 Billion OIP , 135km 2 surface areaToday 10:48
9 different Owners in the ACG development consortium.

Are the various Insti holders in GKP acting for would be consortia partners ? fighting for percentage ownership by building % stakes ?
Is this what the relentless bitter battle of the bulletin boards has been about since 2012 ?
Each Institution trying to up their percentage ?

what did Kozel say ? why should small shareholders be squeezed out ?

The AIOC (Azerbaijan
International Oil Company) consortium, made of 10 different oil companies,
from 6 different countries agreed the Production Sharing Agreement (PSA)
terms with Azerbaijan in December, 1994. The PSA term is for 30 years at
which time the field will revert back to Azerbaijan. BP operates the field on
behalf of the shareholders which include the following companies: BP
34.14%, UNOCAL 10.28%, SOCAR 10%, LUKOIL 10%, Statoil 8.56%,
ExxonMobil 8%, TPAO 6.75%, Devon 5.63%, Itochu 3.92% and Delta Hess
2.72%.
Excerpt from Doc below

"The ACG structure covers approximately 135 square kilometres and has had
a two phases of appraisal. The State Oil Company of Azerbaijan Republic
(SOCAR) drilled 8 appraisal wells from 1982 ñ 1991 within the PSA boundary.
AIOC has drilled a total of 5 appraisal wells and 4 sidetracks to date. In
addition, the Chirag sector of the field has 15 development wells and has
been on production since 1997. Chirag is currently producing ~ 125,000 bopd"

hxxp://www.searchanddiscovery.com/pdfz/abstracts/pdf/2002/annual/EXTENDED/ndx_44667.pdf.html

from Wikipedia

Shaikan was declared a commercial discovery on August 1, 2012 following a five-well appraisal program.[12] In June 2013, the Field Development Plan was approved[4] and in December 2013 crude oil exports from the Shaikan field commenced.[3] Initially independent estimates placed the gross oil-in-place (OIP) volume at 13.7 billion barrels (P50) potentially making it one of the largest oilfields discovered in Iraqi Kurdistan.

The oilfield covers an area of some 130 to 150 square kilometres (50 to 58 sq mi)

[thicktony] 18/6/2020 11:11

No the AGM is tomorrow.rubber stamping as votes will be known already, proxies through to Computershare yesterday latest. Didn't bother voting myself.
If the sale isn't announced, I would expect another buyback to Treasury as its the most profitable thing to do pre Sale.
However if no cancellation of any of the existing Treasury stock, expect a hostile bid, as without cancellation, it must be being used as a hostile takeover protection.

[habshan] 18/6/2020 11:09

Oilman.

Do you remember when Anastasia identified you as a dangerous fantasist and then Jon Ferrier wrote you a memo telling you to stop wasting his time and not to come back, before telling you to shut the door behind you.

They both had very good reasons didn't they.

Reasons that are clearly still valid.

Blanking you out and declaring you "Persona non grata" clearly worked otherwise you'd still be wasting his time with your garbage questions like those you've posted above.

[mcfly02] 18/6/2020 10:26

In actual fact David the real AGM and it decisions has already taken place.

[0ili0] 18/6/2020 10:20

What time is the AGM today, mcfly02?

[mcfly02] 18/6/2020 10:19

Good Morning 😃

Let's try and pin down this DRY OIL statement.

Has there ever been any type of water tested or seen out of the well bores ???

You would normally use chokes to control water production so can you tell me why certain wells that are connected to PF2 are currently choked ???

You have released pressure graphs showing the decline in field pressure so why the need for chokes ???

Do any of your partners have in their possession reports and tests that contradict your dry oil statements ???

And if they did would those reports identify certain wells connected to PF2 ???

Can you tell me what the split in production between the two PF units is ???

Can you explain why PF2 is producing so little compared to PF1 ???

With regards to SH9, looking back at the previous drills and the history of having to do sidetracks, why didn't you factor in to the drill plan the possibility of losing a case size due to a possible sidetrack ???

Am I right in thinking you now have a well only capable of producing around 4K when in actual fact with better planning and better case sizing and also due to the location it could of been producing 6 to 7k ???

Can you explain why you didn't attempt to do workovers on any of the PF2 connected wells while you had the workover rig or are you waiting to fit pumps ???

Can you explain what the delay in fitting the pumps was before shutdown ???

With all of the above what can you say to investors and your partners to give them confidence that you are not going to balls up with the Triassic campaign ???

Have you put in a planning application to London council to start flaring useless and selective gas from the London office ???

More later 🤔

[mcfly02] 18/6/2020 10:18

Good Morning 😃

Let's try and pin down this DRY OIL statement.

Has there ever been any type of water tested or seen out of the well bores ???

You would normally use chokes to control water production so can you tell me why certain wells that are connected to PF2 are currently choked ???

You have released pressure graphs showing the decline in field pressure so why the need for chokes ???

Do any of your partners have in their possession reports and tests that contradict your dry oil statements ???

And if they did would those reports identify certain wells connected to PF2 ???

Can you tell me what the split in production between the two PF units is ???

Can you explain why PF2 is producing so little compared to PF1 ???

With regards to SH9, looking back at the previous drills and the history of having to do sidetracks, why didn't you factor in to the drill plan the possibility of losing a case size due to a possible sidetrack ???

Am I right in thinking you now have a well only capable of producing around 4K when in actual fact with better planning and better case sizing and also due to the location it could of been producing 6 to 7k ???

Can you explain why you didn't attempt to do workovers on any of the PF2 connected wells while you had the workover rig or are you waiting to fit pumps ???

Can you explain what the delay in fitting the pumps was before shutdown ???

With all of the above what can you say to investors and your partners to give them confidence that you are not going to balls up with the Triassic campaign ???

Have you put in a planning application to London council to start flaring useless and selective gas from the London office ???

More later 🤔

[nestoframpers] 18/6/2020 10:05

Added, not AGM related solely but the politics.

[chinese_takeover] 18/6/2020 09:01

I disagree, guessed long time back Uses expression s like"Do the math""Go figure"'Hey Paul ":):)It's obviously an ongoing project, every positive attacked, positive people attacked,lies about facts etc etc, and operate s different timezone.Stores and retrieve s posts from 3/4/5 years back to attackWon't be employed by MS , but clearly a knocker with purpose Or a nutterToo well organized for the latter , Habshan,you should filter and disengage as I did way back

[habshan] 18/6/2020 08:49

"Morgan Stanley dont employ idiots like BD5 and he is not a yank either"

I agree.

I think that like Sarah it's just a pillock who can't get up in the morning.

[highlander7] 18/6/2020 08:30

Morgan Stanley dont employ idiots like BD5 and he is not a yank either.

[urals] 18/6/2020 08:21

Might see an earlier start today from clown dog :) THE CONSUMATE YANKEE CLOWN BUY SIGNALBIGDOG =Yank Eastern seaboard Time zone 25,000 ++ sentiment BATTERING BS posts , ONLY on this stock ,for YEARS , EVERY single DAY !!!..Works for Morgan Stanley who over the same period now hold an eye watering 32,000,000 GO FIGURE ! Lol

[highlander7] 18/6/2020 08:19

Well not long now .....find out soon enough.

GLA

[chinese_takeover] 18/6/2020 08:13

SALE could be ANNOUNCED THIS FRIDAY soon AFTER imo as the LTIP resolution needs formal AGM sanction first, but its days away perhaps weeks certainly not months TOP 4 shareholders have in past 6 weeks ADDED :Astaris Capital now hold 34,669,058 +5.5MLansdowne Partners hold 32,544,316 + 3M Hof Hoorneman hold 17,839,450 +2.5M UBS Group 10,013,636 +600K

[chinese_takeover] 18/6/2020 08:13

#GKPUsed these during field modelling technical due diligence, it's an enormous fieldThat's obviousSoldIf you don't believe that , fine, but don't be naked short these next few days , it will be the end of your trading account when the sale announcedhttps://t.co/jdxsQcyz7W

[chinese_takeover] 18/6/2020 08:13

Correct THICK TONYWhy would anybody want to trade an obvious takeover?Might just be days away from announcement, certainly only weeks at most. The suddenly required LTIP resolution mods, notes 8/9 make that rather obvious.

[the patriotic irishman] 18/6/2020 08:12

my dear old psychologist neighbour says that it is a well known fact 👀


if you mutter something enough times people 'might' begin to believe it 😉



25,000 posts huh 😲


monkey say monkey do 🙈 🙉 🙊



bang gone sold - can't see it myself - NOPE NOT EVER - TOO MANY PIGLETS TO FEED 🐷

[chinese_takeover] 18/6/2020 08:06

Correct THICK TONYWhy would anybody want to trade an obvious takeover?Might just be days away from announcement, certainly only weeks at most. The suddenly required LTIP resolution mods, notes 8/9 make that rather obvious.

[chinese_takeover] 18/6/2020 08:05

#GKPUsed these during field modelling technical due diligence, it's an enormous fieldThat's obviousSoldIf you don't believe that , fine, but don't be naked short these next few days , it will be the end of your trading account when the sale announcedhttps://t.co/jdxsQcyz7W

[chinese_takeover] 18/6/2020 08:05

SALE could be ANNOUNCED THIS FRIDAY soon AFTER imo as the LTIP resolution needs formal AGM sanction first, but its days away perhaps weeks certainly not months TOP 4 shareholders have in past 6 weeks ADDED :Astaris Capital now hold 34,669,058 +5.5MLansdowne Partners hold 32,544,316 + 3M Hof Hoorneman hold 17,839,450 +2.5M UBS Group 10,013,636 +600K

[the patriotic irishman] 18/6/2020 08:04

incoming bang gone day shift spamming alert 🤡


bang gone sold - can't see it myself - NOPE NOT EVER - TOO MANY PIGLETS TO FEED 🐷

[beernut] 18/6/2020 08:00

Kurdistan cabinet discusses economy, return of KRG delegation to Baghdad next week
Hiwa Shilani Hiwa Shilani | 13 كات;ژم®2;ر لەم;ەو¦2;ێش
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Kurdistan cabinet discusses economy, return of KRG delegation to Baghdad next week
The flags of Iraq and Kurdistan fly side by side in the disputed province of Kirkuk. (Photo: Philipp Breu)
Kurdistan Iraq Baghdad Erbil KRG Oil disputed territories Peshmerga outstanding issues A+AA-
ERBIL (Kurdistan 24) – On Wednesday, the Kurdistan Regional Government’s (KRG) cabinet held its regular weekly virtual session, chaired by Prime Minister Masrour Barzani and with the active participation of his deputy, Qubad Talabani.

“The Council of Ministers stressed continued commitment to reducing salaries of senior officials, including those retired with high pay brackets. These meetings will continue until next Sunday,” a statement from KRG website read, referring to one of the plans aimed at reducing government expenditures amid an economic crisis caused by the coronavirus, spiralling oil prices, and ongoing disputes with the federal government in Baghdad.

“During the meeting, the Cabinet extended the deadline to pay public water and electricity bills with 15% discount until September 1, 2020,” the statement continued, pointing out that ministers discussed the progress of ongoing Erbil-Baghdad talks and decided that the KRG delegation that traveled to Baghdad twice in May will return next week.

According to the statement, the team aims to “develop mutual understandings agreed upon by the two sides earlier, to secure the financial rights and entitlements of the region in exchange for proceeding with its obligations within the framework Iraqi constitution.”

The delegation first traveled to the capital after oil disputes led to the decision by the previous federal government, headed by former Prime Minister Adil Abdul Mahdi, to suspend payments of the Kurdistan Region's share of the national budget.

Read More: KRG delegation heads back to Baghdad for talks on oil, budget freeze

The team, led by Qubad Talabani, took part in high-level discussions with top officials following the Iraqi Council of Ministers' abrupt order to the federal finance ministry to immediately freeze funds already allocated to the autonomous region.

Erbil-Baghdad relations have always been fraught with disputes, nearing a total breakdown after the Kurdistan Region's 2017 independence referendum, followed by Iraqi forces and Iran-backed militias of the Popular Mobilization Forces (PMF) attacking disputed areas such as Kirkuk to push Kurdish Peshmerga forces from them.

The two governments eventually converged to some extent on a range of issues, especially after Abdul Mahdi came into office in late 2018.

Still, oil and budget have remained a significant source of dispute between the central government and KRG, first starting when the autonomous region began to export its oil independently. A 2019 deal with the Abdul Mahdi administration stipulated that the KRG must deliver Baghdad 250,000 barrels per day (bpd) in return for, among other things, securing the region's allocation in the Iraqi federal budget.

The Kurdistan Region did not implement the oil handover, but then in late 2019, Erbil again renewed the agreement amid new negotiations. But, Abdul Mahdi explained during a press conference in mid-2019, the federal government has deducted the KRG's share of the national budget by the amount equivalent to the oil barrels owed.

Although Erbil has not announced any concrete results from the earlier rounds of the Baghdad negotiations in May, Kurdish officials have described them as “positive.R21;

Editing by John J. Catherine

[urals] 18/6/2020 07:59

Habshan why on earth do you engage with the obvious con artist Bigdog???

[urals] 18/6/2020 07:58

SALE could be ANNOUNCED THIS FRIDAY soon AFTER imo as the LTIP resolution needs formal AGM sanction first, but its days away perhaps weeks certainly not months TOP 4 shareholders have in past 6 weeks ADDED :Astaris Capital now hold 34,669,058 +5.5MLansdowne Partners hold 32,544,316 + 3M Hof Hoorneman hold 17,839,450 +2.5M UBS Group 10,013,636 +600K

[habshan] 18/6/2020 06:58

"No change of mind, pressure is falling across the field and at a higher rate than they would want I understand."

As usual, you understand wrong Bigdog.

From the Annual Report 23/4/20.

"Since 31 December 2016, the field has produced 37 MMstb with no water or gas breakthrough at the wells. Measured pressure decline during this time has flattened. This is a positive indication of additional pressure support, that is believed to be coming from the expansion of gas in the reservoir as the pressure goes below the oil’s bubble point."