Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 10/5/2021 09:00

It looks to me as though there's a little golden cross going on on the daily chart. :-)

[nestoframpers] 09/5/2021 22:42

We knew FP was 3% ish long ago. Adnan Sammarrai knew too RIP.

[habshan] 09/5/2021 21:48

"The Chinese did a academic study on behalf of the MNR.
Other universities around the world also did reports but the blog idiots didn't pump them lol."

Two things Tony.

Firstly, where does it say that the study was done on behalf of the MNR.

Secondly, the research was done by experts and researchers from CNOOC CNPC and research organisations including the Research Institute of Petroleum Exploration & Development.

Are you saying that their research and it's conclusions are wrong, and if you are saying that then maybe you could tell us what qualifies you to make that judgement.

[nestoframpers] 09/5/2021 16:03

More Foreigners courting Iraq




The Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, affirmed today, Sunday, the determination of the Iraqi government to restore stability to the liberated areas.



A statement of the General Secretariat received by Alsumaria News stated, "Al-Ghazi received an ambassador Kingdom of Norway Not residing in IraqToon Elizabeth. "

According to the statement, Al-Ghazi said, "The Iraqi government is serious about opening up to the countries of the world, because it possesses fertile land to establish investment projects and contribute to rotating the wheel of reconstruction in all regions." Iraq, And looks forward to Norway to have a major role in this field.


Regarding the program to restore stability to the liberated areas, Al-Ghazi indicated, "The Iraqi government is determined to end this file, and that Ministry of Immigration The displaced have made great strides towards closing a large number of camps and returning the displaced to their areas voluntarily, after the relevant ministries and international organizations contributed to restoring the infrastructure, road projects, schools, water and electric power networks.

Elizabeth praised the efforts of the Iraqi government to restore stability in the liberated areas, and its high coordination with the international community, "declaring its readiness.


Kingdom of Norway Extending a helping hand to contribute to ending the file of the displaced and rehabilitating the liberated areas.

She also publicly expressed her hope to take over the companies Norwegian Its role in Emaar Iraq And the establishment of investment projects, especially since its companies have begun implementing projects for solar energy in the governorate Karbala And Alexandria, according to the statement.


hxxps://www.alsumaria.tv/news/%D9%85%D8%AD%D9%84%D9%8A%D8%A7%D8%AA/382041/%D8%A7%D9%84%D8%BA%D8%B2%D9%8A-%D9%84%D9%80%

[habshan] 09/5/2021 14:19

Bigdog - "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."

Total garbage.

Where does it say that they drilled to the Butmah because they wanted to add to the reserves then Bigdog. LINK?

They aren't going to be producing from that lower level (the Butmah) YET Bigdog because there are richer and easier pickings in the SAM which holds 75% of the Jurassic reserves and which contains lighter oil. When they moved up the well from the Butmah to the SAM production from Sh-12 increased from 4,600 to over 5,000 bpd.

They drilled down into the Butmah simply to use the well to do some appraisal work. It's all been explained to you several times Bigdog.

There was never any intention to produce from the Butmah other than for a short period for the purpose of gathering some production data.

And as already mentioned, the SAM oil is lighter (18 API) than the Butmah oil (11 API) and they don't want the Shaikan contribution to the export pipeline to be any heavier than necessary.

April last year - "the new SH-12 well has been perforated so as to test the Butmah formation, which is considerably deeper than the SAM reservoir. The company have prioritised this appraisal work over pure SAM production development."

Last November - "Initial production from SH-12 was from the Lower Jurassic Butmah reservoir providing valuable information for future development planning. The workover involved moving up hole, perforating and producing from the main SAM reservoir."

EDISON - "Given it's low API we do not expect the heavier Butmah interval to be targeted until LATE in the production life of Shaikan."

And that's exactly what's happening.

They used SH-12 to do some Butmah appraisal work.

Development of the Butmah is for the future.

[pensioner2] 09/5/2021 14:01

I don't remember seeing this snippet before but, irrespective of that, it does somewhat smash Muttley's assertions that there's nothing to see (move along).
-----------------------------------------------------------------------------

China Oil Majors Reportedly Eyeing Gulf Keystone's Flagship Kurdistan Asset
13/12/2018 12:35pm
Dow Jones News

Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart

From May 2018 to May 2021

Click Here for more Gulf Keystone Petroleum Charts.
By Philip Waller


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

Experts from the China National Petroleum Corp. 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 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.


Write to Philip Waller at [e-mail]