Gulf Keystone Petroleum Share Discussion Threads

[mcfly02] 01/7/2020 09:20

The latest GoatCam report is now available and it's something you need to read.

[beernut] 01/7/2020 09:05

Aramco CEO Says The Worst Is Over For Oil

By Tsvetana Paraskova - Jun 30, 2020, 1:00 PM CDT
The worst in the oil market is over, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, says, adding that he is “very optimistic” for the second half of this year.

Currently, global oil demand is somewhere around 90 million barrels per day (bpd), up from 75-80 million bpd in April, Nasser told IHS Markit Vice Chairman Daniel Yergin in an interview for CERAWeek Conversations.


“We see it in China today – it’s almost at 90%. In gasoline it’s around 95% in China. Gasoline and diesel are picking up to pre-COVID levels,” the top executive at Saudi Arabia’s state-owned oil giant said.

Recovery in oil demand will depend on whether there will be a second wave of infections, Nasser said, but noted that he is not overly concerned about that because countries and medical professionals will be much better prepared if a second COVID-19 wave hits.

Saudi Aramco, as the enforcer of the Kingdom’s oil production policy, has been instrumental in oil supply management to the market. This year, Aramco pumped 12 million bpd in April, and Saudi Arabia exported record volumes of crude, making good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal in early March.

After the new deal was reached, Saudi Arabia’s oil production was slashed to in May to the required level of 8.5 million bpd.

The Saudis are now trying to reduce the inventory overhang in the United States and to tighten the market in Asia as the demand recovery continues to be slow while oil prices continue to be volatile and lower than what the Kingdom finds comfortable for its budget revenues.

Aramco is working to reduce its carbon footprint, Nasser told IHS Markit, while several European oil majors are going the extra mile and have pledged net-zero carbon emissions by 2050.

“I still believe that oil and gas will continue to be strongly part of the energy mix over the long-term. However, it’s going to be cleaner because we are working to make sure that we are reducing our carbon footprint,” Nasser said.

By Tsvetana Paraskova for Oilprice.com

[beernut] 01/7/2020 09:03

Oil Jumps After API Reports Largest Crude Draw This Year

By Julianne Geiger - Jun 30, 2020, 3:49 PM CDT
The American Petroleum Institute (API) estimated on Tuesday a major draw in crude oil inventories of 8.156 million barrels for the week ending June 26.

Analysts had predicted an inventory draw of 710,000 barrels.


In the previous week, the API reported an increase in crude oil inventories of 1.749 million barrels, after analysts had predicted a smaller build.

WTI was trading down on Tuesday afternoon prior to the API’s data release as minor ripples are felt due to reports of an increasing number of coronavirus cases in the world’s largest oil consumer, the United States.

On the supply side, oil production in the United States has now fallen from 13.1 million bpd on March 13 to 11 million bpd for June 19, according to the Energy Information Administration, after picking up steam from the 10.5 million bpd rate from week ending June 12--the lowest production level in years.

[chinese_takeover] 01/7/2020 09:01

#GKP???Its been surpressed Obviously as the entire corporate city community know it's an imminent takeover..But that can't last forever https://t.co/83oRnrNsvr

[chinese_takeover] 01/7/2020 09:01

#GKP in PLAYYet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0

[chinese_takeover] 01/7/2020 09:01

#gkpRead hostile takeover tactics!Try googling "proxy fight" LOLIf their isn't friendly deal announced soon there will certainly be a hostile oneYou watching a corporate battle.CEO voted down falls on sword insurgent director plopped on BOD BLUE HORSESHOE LOVES ?? https://t.co/3SThxjFON7

[chinese_takeover] 01/7/2020 09:01

WHY THE TROLLS ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and macfly,patriotic Irishman etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it !LOL

[mcfly02] 01/7/2020 08:53

HabscamPaul 🤡

Bert hasn't been demobilised, he has left the company permanently !

Thanks for confirming that there will be no development for a very longtime.

As for the rest that have left they are not on standby they have been made redundant sacked let go or any other way you want to say it. They have been protesting and over running the PF units which causes shutdowns.

No matter how you spin this or vote up your own posts 10 times BAD NEWS IS COMING !

[chinese_takeover] 01/7/2020 08:46

#GKP???Its been surpressed Obviously as the entire corporate city community know it's an imminent takeover..But that can't last forever https://t.co/83oRnrNsvr

[xomhero] 01/7/2020 08:46

Just back from a wild boar and mushroom surprise power bap at the breakfast club.

Talk was all about GKP and how the company is worth at least £120 per share.

[chinese_takeover] 01/7/2020 08:46

#GKP in PLAYYet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0

[chinese_takeover] 01/7/2020 08:46

#gkpRead hostile takeover tactics!Try googling "proxy fight" LOLIf their isn't friendly deal announced soon there will certainly be a hostile oneYou watching a corporate battle.CEO voted down falls on sword insurgent director plopped on BOD BLUE HORSESHOE LOVES ?? https://t.co/3SThxjFON7

[chinese_takeover] 01/7/2020 08:46

WHY THE TROLLS ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and macfly,patriotic Irishman etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it !LOL

[chinese_takeover] 01/7/2020 08:33

#GKP???Its been surpressed Obviously as the entire corporate city community know it's an imminent takeover..But that can't last forever https://t.co/83oRnrNsvr

[habshan] 01/7/2020 07:41

"If you would like to check the senior management on Gulfs site you will see that Bert has officially left.
I informed you on the 13th June. GoatCam 😉"

Brilliant. Months late as usual.

16th March - Development suspended.

FYR 23rd April - "we have stopped further expansion activity and are currently demobilising the team until circumstances improve. In process of reducing expatriate workforce by c.60%"

If there's no development why would you need a Development Manager.

And even when there IS development do you think it would stop if the Development Manager dropped dead.

As a non essential and very expensive expat Bertrand Demont would have been first on the list for "demobilising".

[urals] 01/7/2020 06:34

#GKP in PLAYYet ANOTHER US Hedge fund appears holding over 6m shares. Precision Capital based big Apple.https://t.co/zCCuePmhY0

[urals] 01/7/2020 06:33

#gkpRead hostile takeover tactics!Try googling "proxy fight" LOLIf their isn't friendly deal announced soon there will certainly be a hostile oneYou watching a corporate battle.CEO voted down falls on sword insurgent director plopped on BOD BLUE HORSESHOE LOVES ?? https://t.co/3SThxjFON7

[urals] 01/7/2020 06:33

WHY THE TROLLS ARE HERE 24/7The Shaikan structure has a footprint the size of Greater London, plus the side lobe and the Cretaceous flanks. It is riddled with fractures and voids which are full of liquid oil. The Jurassic oil column is 950 metres thick and there is another 350 metres in the Cretaceous and Triassic.ERCE valued the undiscounted 2P oil reserves at $3.067 billion. There are also massive 2C and 3P oil Resources, plus 200 million barrels of very light condensate. GKP said in 2014 that ERCE had only included 10% of the formations in the Reserves and that the Oil In Place “hadn’t gone anywhereâ€?.The 24/7 trolls like the BIGDOG and macfly,patriotic Irishman etc etc try to persuade people reading the blog that GKP is not worth anything. But some of us know differently â€" and can prove it !LOL

[highlander7] 01/7/2020 06:15

Oilman, you understand absolutely nothing.

SH-12 was drilled deep, into the Jurassic Butmah. GKP perforated the Butmah formation. Then it was logged and put it onto sustained test production. The results were good, as the company have already explained.

The Sargelu/Alan/Mus formation, which is higher up in the Jurassic, is known to be a more prolific producer. But Butmah development requires its characteristics to be established, which is what GKP are currently doing. i.e Should it be acidised or locally fractured, or make use of short horizontals. Without the testing, that cannot be established.

All perfectly normal.

[j0sekl] 30/6/2020 22:58

They certainly do, but since that 5% was well diluted with all other shareholders and TKI is completely under Gulf's control, there's no need to change a technicality.

So, do we think Waterhouse is going to use his experience in executive coaching to suggest Gulf a new CEO? 😆

[mcfly02] 30/6/2020 21:54

If you would like to check the senior management on Gulfs site you will see that Bert has officially left.

I informed you on the 13th June.

GoatCam 😉

[mcfly02] 30/6/2020 21:50

The target most definitely wouldn't of been met in August because of problems they haven't informed you of yet.