Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 09/5/2021 13:34

There have been four CPR's. The latest showed a massive downgrade to the numbers of the 3rd CPR which is what they were relying on up until September 2020. That therefore now makes what they were saying in March 2019 irrelevant. That's because of the new data collected including what they found at S12/S13 since. The latest CPR overrides all before it. If it had come out with better numbers would you be making excuses and trying to dismiss it?

The reason those numbers were altered down materially was what was discovered at S12 and S13. The Jurassic OWC is massively higher than they believed and were expecting. They targeted the lower zone with S12/S13 in the hope of adding to the reserves numbers. They got the opposite. Its why they aren't going to be producing from that lower level.

All you clueless rampers have been begging for another CPR to be published for years in the desperate hope it would match your ludicrous fantasies. Now its arrived you morons are backtracking, don't like it and say its conservative and wrong. So you're obviously saying the company are lying to shareholders. You should be looking at it that they are giving you the facts as otherwise they would leave themselves open to litigation for misleading investors. Its why no Presentation ever mentioned or referred to the Kozel numbers under JF's tenure. They aren't there in even a very small percentage and Eleven years on and thirteen wells later are the proof.

But it does seem that you're now agreeing with what we've been telling you for years and that the old numbers from the Kozel regime are out of date and now irrelevant. Not only that they're totally irrelevant simply because they don't exist.

When the huge revelation arrives in the coming weeks it will be yet another blow to all your delusional beliefs and fantasies.

[frenchybannedme] 08/5/2021 22:49

Why is it that the OilyStrawmanChild Group of Avatars are so concerned about the number of upticks and downticks, and have been for years?

Obviously this particular metric is of the upmost importance to them.

Just a mull.



KURDMAN63
8 May '21 - 21:12 - 630317 of 630324
0 1 0
You forgot to vote me down 😂

How about a post saying that over a hundred ADVFN posters think I'm an idiot 😂🤡

[nestoframpers] 08/5/2021 21:55

The Italians keep E 600 mill for two decades !


Economy News - Baghdad
A spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, announced that it will recover 600 million euros of Iraqi funds frozen in Italy.

Al-Sahaf said in a statement seen by "Al-Eqtisad News", that "work is underway to recover the Iraqi funds frozen in Italy since the time of the former regime, which amount to about 600 million euros."

Al-Sahhaf added, "We are working on diversifying Iraq's economic partnerships, and acquiring international support for investment, in confirmation of the great opportunities we have in various sectors."

It is noteworthy that Foreign Minister Fuad Hussein met in the Italian capital, Rome, a group of official economic institutions concerned with foreign trade and Italian companies, in an economic meeting sponsored by the Iraqi embassy in Rome.





hxxps://economy-news.net/content.php?id=25022

[kurdman63] 08/5/2021 21:38

And as predicted there's the Habscam post 😂🤡

Bit of a waste really because I can't see it 😂🤡

[habshan] 08/5/2021 21:19

"Why are all the new wells getting closer to the middle ???"

That's a very strange question Tony.

Surely any half sensible oilman would position his wells well away from the water.

And we know there is water at the flanks, so our wells have been positioned accordingly:-

Stuart Catterall - "You don't want to be too close to the water which you can pull up from the flanks, we're about 2-3 kms from the flanks, so we're quite some distance from the water."

And what's this all about:-

"the OWC is not as deep as they thought it was. Look at all the evidence from the east side of the field and PF2 production numbers."

What have the PF2 production numbers got to do with the OWC.

The PF2 production numbers are lower than the PF1 numbers because the exising wells at the east side have never been worked over or maintained and PF2 has not been debottlenecked or upgraded and the remaining work for the 55k program is all over at the east side.

And we know that the Jurassic reserves are split 50:50 between east and west.

So once the remaining work has been done and the last 2 production wells are on stream then production will be split more evenly between east and west.

Don't fret Tony, the experts have it under control.

[kurdman63] 08/5/2021 21:12

You forgot to vote me down 😂

How about a post saying that over a hundred ADVFN posters think I'm an idiot 😂🤡

[kurdman63] 08/5/2021 21:03

Don't forget your Habscam post and then vote it up 10 times 😂🤡

[kurdman63] 08/5/2021 20:32

It doesn't matter how many old reports you dig up or your interpretation of them, the fact is the current understanding of the OWC is that it's not as deep as they thought it was !

Look at all the evidence from the east side of the field and PF2 production numbers.

They've known for years but have hidden behind the drilling fluid story.

Why are all the new wells getting closer to the middle ???