Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 24/10/2021 14:26

nestoframpers - 17 Mar 2015 - 20:07:20 - 408368 of 643607

THE NEW GKP / Drilling for Super Giants (moderated) - GKP


Bob posts

The plain fact of the matter is that Gulf have said the CPR is "conservative". And that word gives the game away. For how is it possible to state that something is understated, unless one knows what the ACTUAL figure is?

"Based upon the observations from the well data, combined with an understanding of the structural geometry and drawing upon comparisons with other structures in the region, we estimated a range of bulk fracture porosity for the Jurassic reservoirs of 0.1%, 0.4% and 0.7% for low, mid and high case estimates".

That's what was stated in the CPR.

Several obvious issues arise from that, as follows:

#1. ERC Equipoise are here claiming that their 0.4% took account of the well data, and therefore they imply that their figure was partly based upon empirical data. But there is no explanation as to why the independent studies done by Ryder Scott etc. were not taken into account: Gulf had spent over $1 million on such external studies at a very early Shaikan-1 stage.

#2. they refer to "other structures in the region" but without naming them. Surely, fracture expert Dr. Hattingh (a co-author) was aware of the highly-fractured Kirkuk? Was he saying that Kirkuk has a fracture porosity that is very low? As regards other reservoirs covered by PSCs in Kurdistan, nothing can be found in the public domain regarding their fracture porosity. So what could possibly be the source for ERC Equipoise of any NON-SHAIKAN DATA, because they stated in para.3 of the CPR that additional data was PUBLIC DOMAIN MATERIAL. So it is very unclear what data they have been using.

#3. elsewhere in the CPR they state that "From the available data, comprising fieldwork, core and image logs, ERCE has concluded that two families of fractures are present in the Shaiksn field (para. 5.3.2). But this is immediately seen as contradictory to their statement above, which refers to them having quantified the fracture system - from a low level of 0.1% which is hardly heavy fracturing at all! - using "fieldwork", "structural geometry" and "comparisons with other structures". But ERCE admit in the CPR to have never gone to Kurdistan in connection with this CPR work! Therefore it could not have been THEIR fieldwork, but that of someone else. Who is seemingly not identified in the CPR. This of course begs the question "since you have used someone else's fieldwork, why did you apparently not use the Ryder Scott Report, which was a study of the fracture system?"

#4. in 5.9.3.2 of the CPR (quoted above) ERCE say that the FDP is essentially a FRACTURE SYSTEM DEVELOPMENT PLAN. But they suggest that the fracture porosity might actually be as low ad 0.1%! Which is virtually solid limestone! And Shaikan could not conceivably have Productivity Indices of 200 to 500, and multi-Darcy permeability, in that case!

Round and round and round we go...


Report post GKPJoanna Southcott: FractureShocker!Today 09:32

"The fact that the oil column in the Jurassic is over 1000m thick, and that the aquifer is only present on the flanks of the (Shaikan) reservoir rather than directly underneath, reduces the chance of early water production. We anticipate the flanks to be at the greatest risk of early water breakthrough".

Who said that...Joanna Southcott? No, it was actually ERC Equipoise, and we find it at paragraph 5.9.2 of their CPR.

So in one part of the CPR they suggest that there is water in the fracture system, a system which is described by ERC Equipoise as "the primary source of oil that...the Field Development Plan and Addendum aim to recover" (paragraph 5.9.3.2). And that it contains water "only 50 metres below where we flowed dry oil at Shaikan-2" (John Gerstenlauer, 13 March 2014).

But in another part of the CPR they say that only wells on the flank of the structure would produce water with the oil.

No wonder John Gerstenlauer was looking rather baffled on 13 March 2014 when he and John Stafford had the unenviable job of publicly presenting the CPR.

John G. also said "we produced dry oil from the (deeper) Butmah at Shaikan-4", we find that statement 18-19 minutes into the 13 March 2014 presentation.

"There's water in that thar fracture system" suggests ERC Equipoise, "but something is stopping it coming up the wells".

To explain that, the fractures below the purported fracture OWC would have to be closed. But if that were the case, how could there be a 1000+ metre oil column?

Round and round and round we go, in circles.

[bigdog5] 24/10/2021 14:14

nestoframpers24 Oct '21 - 13:59 - 643605 of 643606
0 1 0
"Bob was a really good poster as he was a LTH and very smart."

Obviously not smart enough to understand that everything to do with Kozel was BS.

And be honest, although he talked a good game he got zero correct and as has been proved none of his theories have occured as fact. The reasons they were unable to answer many of his questions is the simple fact that the data and views coming from the company were BS. It would have been obvious that whatever they said would have been seen to be complete porkies.

[k4n4k] 24/10/2021 14:13

🍩 63 &👰Ӿ49; 63 ↘️€701;

🔜🦑

[k4n4k] 24/10/2021 14:12

^^^^Arf Arf 🐕🐕🐕🐕8021;

🍩👰↘️㉆1;

[k4n4k] 24/10/2021 14:10

"War, disease, crime and banditry, distress of nations and perplexity will increase until the Bishops open Joanna Southcott's box."

[steephill cove] 24/10/2021 13:38

And who could forget Bobs Joanna Southcott moniker; the legendary Joanna Southcotts box & his famous Release the Krakken quote 📦🦑

[k4n4k] 24/10/2021 13:02

^^^^very bitter

Arf Arf 🐕🐕🐕🐕8021;

🛢️
29312;💭

[bigdog5] 24/10/2021 12:57

highlander7 said there will be no restructure and all the following.
No wipeout.
And no consolidation.
The bond holders will be paid off.
We'll get to 55k a day easy fast and cheap.
There isn't any flaring issue as the company and hosts aren't worried about it.
Be patient wait for Chevron, Xom, Total, the Chinese, Russians, BP, Shell, ENI.
Kozel found the oil and he's a legend.
The MG4 won't get on the BoD.
S6 is our best well.
S6 doesn't matter it was looking for the boundary.
S7 will reach the Permian and we'll be pumping from there.
Kozel is correct we'll be pumping 150k a day by 2014.
There's no problem getting to the Triassic.
The wells all talk to each other and the pressures are fine.
There's no problem with the pressures we'll just fit ESP's.
ESP's won't be any issue all the oil companies fit them.
The CPR's are wrong, they're hiding the numbers.
The CPR's are wrong they're told to hide the numbers.
I keep quiet about all the posts I deleted in the run up to the wipeout because they were totally wrong and embarrass me.
I have to make up make up load of lies to try and discredit Bd5, BB and Oilman.
I've been rumbled as being surryscot and make up lies on another bb as well.

[k4n4k] 24/10/2021 09:30

^^^^crotchless63V00;️🚽

[kiltless highlander] 24/10/2021 09:16

Hey johnbuy,

This thread is full of dishonest Twunts like yourself, who have been successful in overseeing, over ramping this down by 99% over a 10-12 year period of LIES & DISASTERS!

When the stock markets crash, and they will by around 80%, this £105 share you dream about will be sub 50p OR .5p in real old money terms....

Oil, especially tar is finished. We are currently experiencing the last hurrah.

You're welcome!



johnbuysghost - 22 Oct 2021 - 16:22:24 - 643482 of 643601 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
kilt needs to post again. That one post this morning isn't enough to satisfy me.

[nestoframpers] 24/10/2021 09:02

OT CV19 Ivor Cummings

[highlander7] 24/10/2021 08:02

LOL. Doggie of course believes everything he is told. Such as "when you shut the wells in the Reservoir pressure will fall"

Thats the issue , thinking politicians are genuine about climate change when all they are trying to do is get younger voters ( the Greta "fans") to believe they are actually going to sort it.

When all they are really trying to do is con them into voting Conservative. Because there is no way on earth that voters will accept the kind of costs they are talking about and the massive tax rises to pay for them. A fact politicians are well aware of.

The Oil Boom is just about to kick off and will increase next few months as they all pile in to Oil Shares.

IMO

[habshan] 24/10/2021 07:47

highlander - "there are also other signs that the demise of fossil fuels has been greatly exaggerated."

Needless to say "he who get's everything right" Bigdog who doesn't have an ounce of common sense, who is incapable of thinking things through and who is totally clueless fell for it hook line and sinker.

A year ago:-

"Biden's going green big time and for Electric cars. Plus he's going to sign back on to the Paris agreement on climate change. Dirty oil, so 1970's innit."

"Did I mention that no one wants real heavy oil as its so 1980's. Just wait for the huge drop in value as announced by Opec."

[highlander7] 24/10/2021 07:23

Also note ...

" But besides the crazy bets, there are also other signs that the demise of fossil fuels has been greatly exaggerated. Fund managers are returning to oil and gas stocks "


LOL

[highlander7] 24/10/2021 07:22

LINK

hxxps://oilprice.com/Energy/Energy-General/Peak-Oil-Demand-Forecasts-Turn-Sour-As-Demand-Keeps-Growing.html

[k4n4k] 23/10/2021 23:17

Bigdog5 should become an influencer...

they'd have at least 3 followers... Oilman63, cutthecagain, gkpinvestor..... 😉😉😉

What a pair of dipsticks! 😂🤣😂🤣8514;🤣

🔜🇺🇲

[k4n4k] 23/10/2021 23:14

Bigdog5 getting good value out of their secondhand avatar. 🤣🤣🤣

Arf Arf 🐕🐕🐕🐕8021;

🛢️
29312;💭

🍩63&8112;🍩 63 ↘️€701;. 😂😂😂

[nestoframpers] 23/10/2021 21:33

Russian president Vladimir Putin said it is "quite possible" that oil prices will reach $100/bl, even though Moscow and its Opec+ partners are "doing everything possible to make sure that the oil market stabilises"

yea right of course they are

[nestoframpers] 23/10/2021 21:31

If you think KRI is dodgy

Russia's Tatneft resumes geological exploration in Libya

[nestoframpers] 23/10/2021 21:29

Nader Itayim | ‌‌ن;ادž5; ایت;یّ 5;
@ncitayim
·
Oct 20
Flag of Saudi Arabia#Saudi energy minister Prince Abdulaziz bin Salman: "Why is oil being taken for a ride when the real issues are not being attended to?" #oott #Opec