Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 01/4/2021 15:48

30th March 2021 in Iraq Oil & Gas News
By John Lee.

Iraq's Ministry of Oil has signs an agreement of principles with the French company Total for four major energy projects in the country:

Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a Central Gas Complex at Artawi;

Development of the Artawi field;

The integrated seawater project [Common Seawater Supply Project (CSSP)?], which the ministry has been trying to implement for more than ten years; and,
A 1,000MW solar energy plant.

[highlander7] 01/4/2021 15:47

1st April 2021 in Construction & Engineering In Iraq
By John Lee.

Iraqi Prime Minister Mustafa Al-Kadhimi visited Riyadh on Wednesday on his first official visit to Saudi Arabia.

A session of talks was held between the Prime Minister and His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, which dealt with cooperation between the two countries.

The two sides agreed on the following:

Establishing a joint Iraqi-Saudi fund, the capital of which is estimated at three billion dollars, as a contribution from the Kingdom of Saudi Arabia in promoting investment in economic fields in the Republic of Iraq, for the benefit of the Saudi and Iraqi economies, with the participation of the private sector on both sides.
Cooperation in the fields of energy and renewable energy and activating and accelerating the joint action plan under the umbrella of the Saudi-Iraqi Coordination Council, with the need to continue cooperation and coordination of positions in the petroleum field, within the scope of work of the Organization of Petroleum Exporting Countries (OPEC), and the (OPEC+) agreement, with full commitment to the requirements of the agreement, the compensation mechanism, and all the decisions that have been agreed upon to ensure the stability of the global oil market

Completing the electrical interconnection project due to its importance for the two countries.

Enhancing coordination in the field of mutual support within the framework of multilateral diplomacy.

Enhancing investment opportunities for Saudi companies and inviting them to expand their activities in Iraq and in various fields, and in reconstruction efforts.

[habshan] 01/4/2021 15:39

"Bigdog I fully agree and echo every point you make in that post."

I don't doubt that for an instant Tony, that's because you're as big an idiot as she is.

It's why you're having to try to make a few quid cleaning up old spark plugs and live in a £110k house while the rest of us have loaded up with shares and are sitting back looking forward to our divided payments.

[mcfly02] 01/4/2021 15:37

The CEO will only talk about what's been publicly released !

Lots of people know much more as you keep telling the FCA 😂🤡

I see the snouts are in the trough again 😱

[highlander7] 01/4/2021 15:33

Doggie you obviously need to call TEMPUS at the Times and explain all these "serious problems" to him. Tell him all about your industry experience while you are at it. That shouldnt take you any longer than it takes to say NONE.

So do you Sarah ....tell him about all these "gas issues" he hasnt been warned about.

Idiots

LOL

[gulf_cnpc_petroleum] 01/4/2021 15:28

Webinar HTTPS://www.gulfkeystone.com/investors/

[mcfly02] 01/4/2021 15:26

BigDog 😃

I fully agree and echo every point you make in that post.

The proof they ask for is in the company's own news releases and presentations.

Here's a thought 🤔 Now the KRG has some money coming in what happens if they decide to start with the gas pipeline again ???

Gulfs hand would be forced into massive spending on PF3 😱

Gulf "We want to return money to shareholders"

KRG " we INSIST you use that money to build gas facilities"

[gulf_cnpc_petroleum] 01/4/2021 15:04

Webinar https://www.gulfkeystone.com/investors/

[bigdog5] 01/4/2021 14:54

"Every Oil Company in the world has "problems" Doggie . Its a difficult Industry , I dont believe the field has "serious" problems. Provide proof".

highlander7, You don't believe simply because you're ignoring the "proof" and desperately making excuses for all the failings since the wipe out of July 2016. Something that you categorically stated wouldn't happen even though I was explaining what was happening "behind the scenes" with the bond holders.

You say that other companies have invested in Kurdistan in the last few years. Again you ignore those that have departed or have gone bust. Xom being one of the main ones and then there's GKP's partner Mol.

You keep mentioning that the company don't refer to "serious problems". Can you name any other companies that have done that without their share price being decimated? Turkeys and Xmas? We've discussed this so many times before. Are you purposely being stupid? Announce the positive and keep very quiet/make excuses/or be very economical with the facts. I refer to S6, SA1/SA2 as examples and S12 not going to produce from the much lower target depth which is what they really wanted to do.

As for proof, have a look back at the Presentations shortly after the wipe out and what they were planning to do. How much of that has been achieved? Look at how long the workovers took. The ESP's were meant to be installed in quick time but still haven't. If the pressure was manageable they wouldn't require the ESP's. They were meant to be an easy fix and 55k a day was meant to be have been achieved years ago. They went looking for the gas cap with S9 and failed. They drilled into "fluid" (its water) with S12 because they thought the OWC was very much lower. They stopped drilling S13 which targeted a similar depth as S12.

If you look back at what they were stating last September the 2P (the bench mark) it stated 575m. The latest CPR clearly states that number is now 505m. That is a result of wells S9, S12/S13 giving them up to date data and finding water at a much higher point in the Jurassic. Hence the huge downgrade. To "lessen the blow" the company have added in the "pie in the sky" C numbers to put lipstick on the issue.

The company haven't referred to the Kozel numbers ever since he departed. The reason is simple in that they've drawn the line on those days because they don't believe in them which is supported by the failings since the wipe out. No company would hide or ignore large numbers if they believed in them. The hosts wouldn't instruct them to "keep quiet" either as it would assist them with their often quoted 45 billion and their negotiations with Baghdad and push for Independence. That's another number that I believe is fantasy as no one has made a decent discovery in 11 years. But there's been several downgrades to numbers from years ago. GKP have now joined that club.

If you believe that companies don't hype up the positives and play down or keep quiet about the problems then you really shouldn't be an investor. Or give your view on Politics.

I'll say again with total confidence the field has shrunk massively and is light years away from what the Kozel regime pumped out and paid themselves on. The Kozel barrels are pure fantasy. Even more proof in the coming weeks will become evident. My opinion but I do tend to get them correct.

You're welcome.

[gulf_cnpc_petroleum] 01/4/2021 13:32

Webinar https://www.gulfkeystone.com/investors/

[gulf_cnpc_petroleum] 01/4/2021 09:53

HTTPS://twitter.com/politicsguy10/status/1377504497455542275?s=19

[gulf_cnpc_petroleum] 01/4/2021 09:53

HTTPS://twitter.com/politicsguy10/status/1377504497455542275?s=19

[gulf_cnpc_petroleum] 01/4/2021 09:52

HTTPS://twitter.com/KeystoneGulf/status/1377528926319284227?s=19

[officerdigby] 01/4/2021 09:51

GKP bids coming...!You can take that to the bank! ( but only before 12:00 today).#oneormoreofPaulsspambottwitteraccounts.

[gulf_cnpc_petroleum] 01/4/2021 09:35

Look at the book....And look at the spread tighten all morning....Gonna pop big.

[bravedog] 01/4/2021 09:31

Waiting for HCL

[nestoframpers] 01/4/2021 09:21

Sp not impressed with budget news, funny when that means payments should be on time.