Gulf Keystone Petroleum Share Discussion Threads

[sinopecchina] 22/8/2021 12:27

SHAIKAN PRODUCTION AT ALL TIME HIGHBREACHED PREVIOUS PRODUCTION HIGH YESTERDAYFACT.

[sinopecchina] 22/8/2021 12:27

WOOD MACKENZIE MIDDLE EASTE + P RESEARCH SPECIALISTS.Assign minimum $8/boe Kurdistan heavy oil PREMIUM price.IMPLICATIONS? . GKP TAKEOVER WILL BE MINIMUM 25 QUID

[sinopecchina] 22/8/2021 12:27

HTTPS://twitter.com/Paul47293202/status/1428963687721750530?s=19

[sinopecchina] 22/8/2021 12:27

60% of all shares in top 10 holders H40% is notOf course some of that 40% is in smaller funds /hnwi etcBut a very big chunk IMO 20-30% is in the BUYERS /a GKP PROXY / or the MNRhands.Everyone is just waiting for the obvious change of CONTROL TBA

[officerdigby] 22/8/2021 12:12

Sorry Paul,Pot to kettle.Who's the loop with the fruit?

[ian_hannam] 22/8/2021 12:09

60% of all shares in top 10 holders H40% is notOf course some of that 40% is in smaller funds /hnwi etcBut a very big chunk IMO 20-30% is in the BUYERS /a GKP PROXY / or the MNRhands.Everyone is just waiting for the obvious change of CONTROL TBA

[ian_hannam] 22/8/2021 12:09

Habscam - why are you continuously engaging with the fruitloops?Are you one?

[habshan] 22/8/2021 11:59

Tony - "How's the prospect of 75k and 110k production looking anytime soon 🤷‍a94;️
Slow and steady but in the mean time some investors will die waiting for a return on their investment."

God you're naive, do you honestly think that when a company takes on the development of an oilfield and it's reservoir engineers petrophysicists and geologists put together their plans for the phased development of the field, they're going to consider and factor in the age health and life expectancy of the company's shareholders.

Oilfield development doesn't work like that Tony.

If it's all going too slow for you Tony you should clear off and go somewhere else.

[ian_hannam] 22/8/2021 11:37

60% of all shares in top 10 holders H40% is notOf course some of that 40% is in smaller funds /hnwi etcBut a very big chunk IMO 20-30% is in the BUYERS /a GKP PROXY / or the MNRhands.Everyone is just waiting for the obvious change of CONTROL TBA

[highlander7] 22/8/2021 11:25

The MNR seem very happy with GKP.


Probably because they have millions of shares and things are progressing well.

LOL

[ian_hannam] 22/8/2021 11:10

SHAIKAN PRODUCTION AT ALL TIME HIGHBREACHED PREVIOUS PRODUCTION HIGH YESTERDAYFACT.

[ian_hannam] 22/8/2021 11:10

HTTPS://twitter.com/Paul47293202/status/1428963687721750530?s=19

[ian_hannam] 22/8/2021 11:10

WOOD MACKENZIE MIDDLE EASTE + P RESEARCH SPECIALISTS.Assign minimum $8/boe Kurdistan heavy oil PREMIUM price.IMPLICATIONS? . GKP TAKEOVER WILL BE MINIMUM 25 QUID

[ian_hannam] 22/8/2021 11:09

Indeed HBD5"why have Total sold their 18% of the licence containing top quality 36-39 API oil for under $2pb and got the flock out? ""I'm not doing the maths for you "HabshanHere's some maths "were anyone interested".Next week we'll be paid around $34 million for the 1.333 million barrels of apparently almost worthless oil that we produced in June. That works out at $25.5 a barrel. ( and that is net to GKP - the buying price is a lot higher)=============================================================================So please explain Doggie why anyone would pay $25.5 + a bbl for oil you say is only worth $2 a bblMany ThanksH7

[ian_hannam] 22/8/2021 11:09

There's SEVERAL paid sentiment bashers operating 24/7 on retail bulletin BOARDS, ADVFN AND LSE, BIGDOG ,..... NOBULL....... KURDMAN ETC ETC with . OVER 35,000 negative posts between THEM!!! ALL HERE (LOLOLOLOL) ar.Here's just SOME of the funds these BROKERS KNOCKERS have been helping to build HUGE STAKES kes pre very OBVIOUS TAKEOVER . Couldn't make it up really . HTTPS://t.co/Z88zToqHbm

[pensioner2] 22/8/2021 11:07

The MNR seem very happy with GKP.

[sinopecchina] 22/8/2021 10:42

New oil minister's view of Shaikan and GKP.As I said, we have many fields at different maturity levels. Some have most of its oil produced and we have others that are new, but have many challenges. We have the Sheikhan field, which is one of our best fields both in terms of reserves and the quality of its oil is decent. It’s a complicated reservoir and needs close care and expertise in order to work properly, and we work in cooperation with the company that works on it. We have a few other fields. Atrush is really good. The fields of Kurdamir near Sulaimani are good. This is oil. We also have the Khurmala fields in Kirkuk. The Kirkuk one has three fields, one is oil, the others are water and gas. Khurmala field is under our control. It is good but needs technical and close care to keep it going. That needs expertise and I am also keeping close watch. KAR Company is in charge of production there, and we work together to do the job right.--------------------------------------------------------------------------------Contrast that with his views on some of the Genel portfolio:Unfortunately Taq Taq is not. When it started it was one of the best fields of Kurdistan and had great reserves. Production started and reached around 160,000 barrels. The process of controlling the production and reserves was not done well and in around seven years, it dropped and now it is very little. It produces around 6,000 barrels now. I’m not hopeless. I met with the experts and set up a plan to check if there is anything left to produce, but this also needs a special process, not the one that was done 10 to 15 years ago. So I’m not saying we have lost hope in Taq Taq field, but it needs a lot of special work and technology.Tawke is a huge field, but has a complicated reservoir that has been damaged… It needs experts to deal with it to have proper production. I want to reach a level where I can say the complexity is close to the level of experience in the ministry, which is hard to do. It should have been done 15 years ago. Tawke, just like everywhere else, started with little product, a few wells, and this was increased, and pumping was increased and so did product, until it reached its peak production. Now it has been declining. What we have done is that we have brought gas and are increasing pressure with gas to give life to the dying reservoir. So far, we have hope that this will have good results based on our studies. We have reached a belief that we can increase production by 10,000 barrels for a year to extend its life.

[habshan] 22/8/2021 10:38

You've gotta laugh.

One minute Tony, you and Sarah are telling us that GKP are in danger of losing their PSC because they've dragged their feet and done nothing for the last seven years and the next minute you're telling us that a red flag has been raised because the oil minister thinks we're going too fast.

"Red flag ! what they want to do is take out the most oil, refine it and sell it in the fastest possible time,"

What an idiot.

[highlander7] 22/8/2021 10:31

In other words Genel damaged reservoirs by forcing production and the wrong production techniques. No doubt compounded by poor well workovers and maintenance.

While GKP have done a great job with more to come.

The Kurds cant have it all ways Sarah. Either they want increased oil production to pay off debt or they dont.

We have elections coming up shortly so I wouldnt worry too much about what is said up until then.

[kurdman63] 22/8/2021 10:30

Red Flag !

Other fields that are new and their reservoirs are good, if we do not control the production process, foreign companies are here for business, what they want to do is take out the most oil, refine it and sell it in the fastest possible time, and get their share. We will be the only ones who are disadvantaged from this because we live here. Therefore, we need a scientific and fair and ethical policy, because we are the owners of the oil.


Tell that to our major shareholders lol.

[sinopecchina] 22/8/2021 10:28

BD5"why have Total sold their 18% of the licence containing top quality 36-39 API oil for under $2pb and got the flock out? ""I'm not doing the maths for you "HabshanHere's some maths "were anyone interested".Next week we'll be paid around $34 million for the 1.333 million barrels of apparently almost worthless oil that we produced in June. That works out at $25.5 a barrel. ( and that is net to GKP - the buying price is a lot higher)=============================================================================So please explain Doggie why anyone would pay $25.5 + a bbl for oil you say is only worth $2 a bblMany ThanksH7

[kurdman63] 22/8/2021 10:27

Red Flag !

Other fields that are new and their reservoirs are good, if we do not control the production process, foreign companies are here for business, what they want to do is take out the most oil, refine it and sell it in the fastest possible time, and get their share. We will be the only ones who are disadvantaged from this because we live here. Therefore, we need a scientific and fair and ethical policy, because we are the owners of the oil.

Tell that to our major shareholders lol.

[pensioner2] 22/8/2021 10:27

New oil minister's view of Shaikan and GKP.

As I said, we have many fields at different maturity levels. Some have most of its oil produced and we have others that are new, but have many challenges. We have the Sheikhan field, which is one of our best fields both in terms of reserves and the quality of its oil is decent. It’s a complicated reservoir and needs close care and expertise in order to work properly, and we work in cooperation with the company that works on it. We have a few other fields. Atrush is really good. The fields of Kurdamir near Sulaimani are good. This is oil. We also have the Khurmala fields in Kirkuk. The Kirkuk one has three fields, one is oil, the others are water and gas. Khurmala field is under our control. It is good but needs technical and close care to keep it going. That needs expertise and I am also keeping close watch. KAR Company is in charge of production there, and we work together to do the job right.
--------------------------------------------------------------------------------

Contrast that with his views on some of the Genel portfolio:

Unfortunately Taq Taq is not. When it started it was one of the best fields of Kurdistan and had great reserves. Production started and reached around 160,000 barrels. The process of controlling the production and reserves was not done well and in around seven years, it dropped and now it is very little. It produces around 6,000 barrels now. I’m not hopeless. I met with the experts and set up a plan to check if there is anything left to produce, but this also needs a special process, not the one that was done 10 to 15 years ago. So I’m not saying we have lost hope in Taq Taq field, but it needs a lot of special work and technology.

Tawke is a huge field, but has a complicated reservoir that has been damaged… It needs experts to deal with it to have proper production. I want to reach a level where I can say the complexity is close to the level of experience in the ministry, which is hard to do. It should have been done 15 years ago. Tawke, just like everywhere else, started with little product, a few wells, and this was increased, and pumping was increased and so did product, until it reached its peak production. Now it has been declining. What we have done is that we have brought gas and are increasing pressure with gas to give life to the dying reservoir. So far, we have hope that this will have good results based on our studies. We have reached a belief that we can increase production by 10,000 barrels for a year to extend its life.