Gulf Keystone Petroleum Share Discussion Threads

[gaisman] 25/10/2021 10:19

SOLD before ChristmasPossibly before Halloween

[gaisman] 25/10/2021 10:17

Why the difference?I have a view , anybody else ?You can also see the same massive dichotomy in the amount of BB posts too.Funny that :)323,544 traded here426 on Genel Lol

[paulsfullofcrap] 25/10/2021 10:09

323,544 traded here

426 on Genel

that's because GKP attracts the day traders

[gaisman] 25/10/2021 10:07

323,544 traded here426 on Genel Lol

[gaisman] 25/10/2021 10:05

SOLD before ChristmasPossibly before Halloween

[gaisman] 25/10/2021 10:05

Filtered very very obvious and boring

[paulsfullofcrap] 25/10/2021 09:43

We are all another day closer to death... and still no takeover...

[paulsfullofcrap] 25/10/2021 09:28

Oh dear Paul... another day of no takeover...

[paulsfullofcrap] 25/10/2021 08:48

My man Paul, can you please confirm you said takeover definitely 100% this week ? LOL

[rhysevs] 25/10/2021 08:23

300p base camp. Then we can start the climb up the mountain carrying Bigdog5 kicking and screaming with us

[pensioner2] 25/10/2021 08:19

Pretty solid buying so far. Looks like the spivs prefer to pick up the crumbs at this level rather than giving us a clear buying op.

[paulsfullofcrap] 25/10/2021 08:03

Oh dear Paul... another day of no takeover....

[highlander7] 25/10/2021 05:31

All we have to do is wait till INOC profits (and dividends) start to fall then watch the resulting panic to buy producing assets. Large Pension funds worldwide hold some INOC's purely for the dividend. If they were to sell up then the share price of these same companies would crash causing a shareholder rebellion.

Its coming.....the final oil boom.

IMO

[gkpinvestor] 24/10/2021 23:39

K4N4K and Steephill are both David Hills. Another one that talks to himself as if he matters.

[steephill cove] 24/10/2021 22:15

Yes I remember Joanna Southcott & Oil Dorado from 25th April 2025 (RIP Bob).

Looking for Oil Dorado?

Frontier wildcatting is currently experiencing an appallingly low success rate. Internationally, it doesn't appear to be higher than 5%. For reasons which are unclear, pre-drill Chance Of Success figures apparently go out of the window when the geologists move away from their established basins.

Is it that there has been an extraordinarily improbable run of bad luck? Maybe Dame Fortune is playing a game with us?

Or is it that the exploration companies - and governments - are simply "seeing things"? Are they somehow deluding themselves that moose pasture (or fishing waters) contain vast quantities of undiscovered oil and gas merely because they hope it will? How many wildcats is the sector prepared to drill in a frontier basin before reaching the conclusion that it's actually a wild goose chase, and there's nothing there?

It's interesting that layers of sand, located thousands of feet beneath the seabed and containing no oil or gas, are now quite routinely described as "reservoirs". Discovering one of these "reservoirs" is supposedly good news...and stakeholders should open their purses and wallets and chip-in for the next well "which we hope will come in". Er...

But is it all just a fool's errand?

Offshore exploration and development were already being cut back prior to the current dip in the oil price. People are talking about shifting onshore. To find what, exactly...shale? In my opinion that won't cut it. Oh I know...I've got an idea...giant undrilled anticlines! Let's go and drill those! Well yes, except there aren't any of them, except in Kurdistan. And even there, in the "Land that Doctor Drill Forgot", we are looking at some very serious disappointments. Explorers have been wrecked from drilling wildcats there. No names, no pack drill.

And even when the jackpot is hit, do the shareholders actually benefit? Take for example Gulf Keystone Petroleum, my #1 focus at the moment. Their Shaikan oilfield features something like six stacked reservoirs, a footprint of some 130 to 150 square kilometres, an oil column of over 1000 metres in the Jurassic alone, a highly fractured carbonate reservoir with multi-Darcy permeability and Well Productivity Indices of 200 to 500 ("quick Joanna, bring the industrial-strength smelling salts, the production manager has just fainted!"), millimetre to centimetre-scale open fractures running in intersecting planes, unrestricted well outputs of 30,000 to 40,000 bopd each (and could possibly be more), and 13.7 billion barrels In Place on a P50 probability (though some substantially higher alternative figures do exist), production potential of hundreds of thousands of barrels per day longer-term, current initial production 40,000 bopd...sounds like the jackpot?

Yet the shareholders are ranting and raging because after almost six years development, the shares are worth only one-tenth of what they once were...and even at that higher level they were considered cheap. One thing's for sure: a lot of shareholders are being alienated. They won't support these exploration companies again. The Chinese, Exxon, Chevron...all these names have been floating around the sector for years in connection with fast-tracking Shaikan...and what's happened? Lots of talk. Lots of tea drunk. Lots of biscuits dunked. But progress continues at the pace of an undernourished snail! "It's planning Jim, but not as we know it".

There's something wrong, somewhere, within the Upstream sector. The worldwide annual discovered volumes are on a five-year downtrend. Last year, the world consumed something like 30 billion barrels. How many barrels were found? Just 6 billion. It doesn't square.

Oil Dorado. Is it the end of the road for exploration as we know it? Will the sector retreat into EOR? Enhanced Oil Recovery methods, crawling back to old reservoirs which were abandoned decades ago. Or maybe Oil Dorado really IS out there, just waiting to be found, and we've simply had a run of bad luck...

[paulsfullofcrap] 24/10/2021 21:05

Lol my G Paul saying takeover definitely this year!

Let’s wait and see.... but I reckon it will be around Valentine’s Day 2023

Sweet dreams all LTH