Gulf Keystone Petroleum Share Discussion Threads

[howard smith] 19/9/2021 15:29

Thanks Grafter, appreciated :)

[supergiantshaikan] 19/9/2021 15:15

GULF KEYSTONE."A CASH COW WITHOUT COMPARISON".SEE HERE THE ANALYSIS ..HTTPS://twitter.com/GoodnightCharl1/status/1437994189061599235?s=19

[supergiantshaikan] 19/9/2021 15:09

There's several paid sentiment bashers operating 24/7 on retail bulletin boards advfn and LSEPUTUP THEORYMAN INVSTRAT, CCC DAVROS.BIGDOG ,NOBULL ,  OFFICER DIGBY, KURDMAN , BROADFRAUD, ETC ETC  with over 35,000 negative posts between them ALL HERE (LOLOLOLOL) are  chief among them .Here's just SOME of the funds these BROKERS KNOCKERS  have been helping to build HUGE STAKES pre VERY OBVIOUS TAKEOVER . . HTTPS://t.co/Z88zToqHbm

[supergiantshaikan] 19/9/2021 14:25

The paid 24/7 bashers theoryman CCC and PUTUP ( the yank) lol all out on a Sunday rebutting the positive storyWhat transparent clowns they all areLolFill yer boots pre obvious takeoverMorgan Stanley etc already have been

[supergiantshaikan] 19/9/2021 10:45

THEORYMAN one of the paid bashers on LSE starts yet another weekend essay trying to debunk a positive story LOLOLWhat transparent clowns they are

[supergiantshaikan] 19/9/2021 10:44

HTTPS://twitter.com/Paul47293202/status/1439112101079957508?s=19

[supergiantshaikan] 19/9/2021 10:44

HTTPS://twitter.com/Paul47293202/status/1439475908201664517?s=19

[officerdigby] 19/9/2021 10:43

OK HC1 thanks, you know you got thePauls repeating it as gospel!

[hydrocarbon1] 19/9/2021 10:38

Pensioner2 9 Sep '21 - 09:55 - 640172 of 640892
0 7 1
OK, Kman. If you've got the SH13 flow rates, stick them up. You'll only be hours ahead of the market but at least it will get you some credibility back.


-hydrocarbon19 Sep '21 - 10:00 - 640175 of 640893 Edit
0 10 1
P2 7,127 bbl/dy

Pensioner29 Sep '21 - 10:02 - 640176 of 640893
0 11 1
Nice one, HC. Thanks.
P.S. Don't lose your goat, it's quicker than Kman's.

As you will see the last post from P2 acknowledges my post was in jest.
My original post was to P2.

[supergiantshaikan] 19/9/2021 10:37

HTTPS://twitter.com/Paul47293202/status/1439475908201664517?s=19

[supergiantshaikan] 19/9/2021 10:35

THEORYMAN one of the paid bashers on LSE starts yet another weekend essay trying to debunk a positive story LOLOLWhat transparent clowns they are

[supergiantshaikan] 19/9/2021 10:33

HTTPS://twitter.com/Paul47293202/status/1439112101079957508?s=19

[supergiantshaikan] 19/9/2021 10:33

HTTPS://twitter.com/GoodnightCharl1/status/1439509322338275338?s=19

[officerdigby] 19/9/2021 10:31

highlander719 Sep '21 - 09:10 - 640877 of 640893
0 7 0
The Mighty Shaikan - £5.94


Based on an extremely conservative CPR that is years out of date ?

The CPR updated in Feb 2021 RNS you mean?


16/02/2021 7:00am
UK Regulatory (RNS & others)

Gulf Keystone Petroleum (LSE:GKP)
Historical Stock Chart

From Sep 2020 to Sep 2021
Click Here for more Gulf Keystone Petroleum Charts.
TIDMGKP

RNS Number : 1820P

Gulf Keystone Petroleum Ltd.

16 February 2021

16 February 2021

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Updated Independent Reserves and Resources Evaluation

Competent Person's Report reaffirms the significant production potential of the Shaikan Field

Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, is today providing a Competent Person's Report ("CPR") update on the Shaikan Field in which it has an 80% working interest ("WI"). The CPR, an independent third-party evaluation of the Company's reserves and resources as at 31 December 2020, was prepared by ERC Equipoise ("ERCE").

Jon Harris, Gulf Keystone's Chief Executive Officer, said:

"The updated CPR demonstrates the continuing long-term strong performance of the Shaikan Field with gross 2P+2C reserves and resources volumes in line with the 2016 CPR, after adjusting for production over the period. Prior Company estimates are reaffirmed with gross 2P+2C reserves and resources of c.800 MMstb at 31 December 2020, including over 500 MMstb of gross 2P reserves. We have a deep understanding of the Shaikan Field that has produced over 80 MMstb to date and are pleased that the latest CPR matches our interpretation and understanding of the geological model, underlining the considerable untapped potential of the field.

We had a strong start to the year in January, which saw GKP's highest monthly average daily gross production of 44,405 bopd. As conditions continue to improve, we look forward to resuming the 55,000 bopd expansion project and shareholder distributions."

Highlights

-- The CPR incorporates significant incremental information, including an updated development plan, new wells, production data and further technical analysis, since the last CPR was prepared by ERCE in 2016.

-- Gross 2P reserves + 2C contingent resources(1) of 798 MMstb(2) at 31 December 2020 are consistent with volumes as at 31 December 2019, adjusted principally for 2020 production.

-- Gross 1P reserves increased to 240 MMstb, up 33% after adjusting for 2020 production.
-- Gross 2P Jurassic reserves were revised down marginally (2%) to 505 MMstb, after adjusting for 2020 production.

-- Gross 2P Triassic and Cretaceous reserves of 47 MMstb were reclassified to gross 2C contingent resources(1) , while the Field Development Plan is progressed with the Ministry of Natural Resources.

-- Shaikan continues to deliver stable production with average gross production in January of 44,405 bopd, the highest monthly average to date from the field.

-- The Shaikan Field has significant future production potential with a gross 1P reserves life index(3) of c.15 years and a gross 2P reserves life index(3) of over 31 years, assuming January 2021 production levels.

Gross reserves and resources based on the Company's estimates at 31 December 2019 and the CPR at 31 December 2020 were:


31 December 2P+2C
2020 1P 2P 2C (1) (2)
Formation (MMstb) Reserves Resources
-------------------- ----------------- ---------- ------
Jurassic 240 505 80 585
Triassic - - 157 157
Cretaceous - - 56 56
Total - Gross 240 505 293 798
-------------------- -------- ------- ---------- ------


31 December 2P+2C
2019 1P 2P 2C (1) (2)
Formation (MMstb) Reserves Resources
-------------------- ---------------------------- ------------ ------------
Jurassic 175 531 80 611
Triassic 18 44 106 150
Cretaceous 1 3 53 56
Total - Gross 194 578 239 817
-------------------- ------------- ------------- ------------ ------------


The reconciliation of changes in reserves and resources between the Company's estimates at 31 December 2019 and the CPR at 31 Decemer 2020 is as follows:


2P+2C
1P 2P 2C (1) (2)
Gross (MMstb) Reserves Resources
-------------------- ------------------------ -------------- ------------
31 December
2019 194 578 239 817
Production (13) (13) - (13)
Reclassifications (19) (47) +47 -
Revisions +78 (13) +7 (6)
31 December
2020 240 505 293 798
-------------------- ----------- ----------- -------------- ------------

GKP's 80% net WI(4) share of reserves and resources at 31 December 2020 were:


2P+2C
1P 2P 2C (1) (2)
Formation (80% WI)
(MMstb) Reserves Resources
------------------------------- ------------------ ------------ ------------
Jurassic 192 404 64 468
Triassic - - 125 125
Cretaceous - - 45 45
Total - Net
WI 192 404 234 638
--------------------- -------------- ------------ ------------ ------------


1. Contingent resources volumes are classified as such because there is technical and commercial risk involved with their extraction. In particular, there may be a chance that accumulations containing contingent resources will not achieve commercial maturity. The 2C (best estimate) contingent resources presented are not risked for chance of development.

2. Aggregated 2P+2C estimates should be used with caution as 2C contingent resources are commercially less mature than the 2P reserves.

3. Reserves life index is calculated as gross 1P reserves or gross 2P reserves, as appropriate, divided by annualised January 2021 gross production.

4. Net working interest reserves and resources do not represent the net entitlement resources under the terms of the PSC.

[officerdigby] 19/9/2021 10:27

HC1 thought you had the S13 flow rates?


Pensioner29 Sep '21 - 09:55 - 640172 of 640892
0 7 1
OK, Kman. If you've got the SH13 flow rates, stick them up. You'll only be hours ahead of the market but at least it will get you some credibility back.

hydrocarbon19 Sep '21 - 10:00 - 640175 of 640892
0 10 1
P2 7,127 bbl/dy

[hydrocarbon1] 19/9/2021 10:19

Very possible and could explain wording.

[nestoframpers] 19/9/2021 10:17

Guess it makes sense to use Gazprom if they got SA.

[hydrocarbon1] 19/9/2021 10:16

shortsqueezer are you referring to FDP

[shortsqueezer] 19/9/2021 10:13

I suspect it has already been submitted. Just waiting on it being acknowledged

[hydrocarbon1] 19/9/2021 10:01

HYR - Gulf Keystone is expecting to submit an FDP in Q4 2021 ---
Significant wording to me "expecting" I feel that is if we have not been taken over by then.
I am not one of the $100, sold by Xmas brigade - would be nice though and not impossible.
I am confident it will be sold, don't know when though. I have a 6 month window in mind (flexible) with significant incremental share price increases before the end. $25.00 would be lovely.
All just my reflection, nothing de facto, obviously.

[nestoframpers] 19/9/2021 09:58

I think SH14 has a Gazprom Rig ? Sh 14 is DQ 040 see pic P7 link above

this one is DQ 041

hxxps://www.gazprom.com/about/production/projects/deposits/iraq/