Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 04/11/2021 09:24

.But at the same time the MNR make testing the wells more difficult.. in same RN


Whats the issue ? Well tests are pretty infrequent and it means they will have to hire tanks to flow the fluid to - as opposed to burning it. More expense but not a lot in comparison with the Hiring of the Well test kit and Crew.

H7

[pensioner2] 04/11/2021 09:23

It looks as though 520 is right this time, goatcam. The bots seem to be turned to up.

[goatcam] 04/11/2021 09:00

“ despite the expected industry-wide reversion to payments three months in arrears by the Kurdistan Regional Government ('KRG')”

Erm... what the hell does that mean ? Our payments will go from 2 months in arrears to 3 months ?!

[officerdigby] 04/11/2021 08:52

And this which bodes well for our FDP approval:-

"Ongoing constructive engagement with the MNR regarding our oil operations, coupled with their recent communication urging the industry to increase production, means that we hope to see increased speed of approvals for all operators, facilitating more efficient operations and supporting production rises in the near future."


..But at the same time the MNR make testing the wells more difficult.. in same RNS

"The Sarta-1D well is drilling ahead in the reservoir section with testing expected early in the new year,now via the production flowline, in order to accommodate the recent industry-wide directive from the Ministry ofNatural Resources ('MNR') prohibiting the burning of oil during well test operations. Sarta-1D addition to the production stream is expected in Q1 2022. The Sarta-5 well is set to enter the primary reservoir objectives imminently and testing will take place in Q1 2022 once the appropriate equipment is in place to comply with the MNR's well testing directive."

This change of testing protocol and the leaving of S13 during the pandemic are possibly two contributory factors to why there is now results.

The other is it is dud well.

[goatcam] 04/11/2021 08:47

Payment RNS has just been logged....

Expect release any second

[shortsqueezer] 04/11/2021 08:02

They are going to take a pounding today

[pensioner2] 04/11/2021 08:01

So, if there's no interest rate rise today, experts reckon the pound could drop by 10%, which would push up the next dividend by 10%.

[habshan] 04/11/2021 07:34

Shamaran paid.

ShaMaran August 2021 Payments Received
November 3, 2021

VANCOUVER, BC, Nov. 3, 2021 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market (Sweden): SNM) confirms receipt of payment for the August 2021 Atrush sales and entitlements at $32.1 million ($11.8 million net to the Company).

[highlander7] 04/11/2021 05:12

"But highlander7 you post here under several avatars and again over on another bb with at least the surryscot monicker so wouldn't it be fair to say you've got a far bigger mouth?"

I dont have multiple avatars on here Sarah , so provide the evidence for this nonsense and I dont go around calling other posters "morons" and "suckers".

"I've been asking recently for your value of the company and an explanation how you reached the number but alas you've not provided it"

I dont recall that post Sarah but in any case I explained to you often enough that the complex subject of valuing oil assets is not my area of expertise. However over the years various old industry sources have done that for me. The most recent was around £18-£25 based on an OP of ~$55 and the current CPR (I forget the risk factor he used) but in any case I imagine thats higher now with the recent OP.

As for the complete nonsense that the Chinese were using Shaikan for an Academic Study. Were that true they would pick one of the Oil fields in China rather than going to all the expense (and risk) of moving academics and industry experts to Kurdistan which I believe was a war zone during this period.

You are totally clueless


H7

[busamitch] 04/11/2021 02:10

The original is here:



No liability. And the death rates by batch number are somewhat alarming. As are the limiting of batch numbers by country and penalties levied by the manufacturer on the country! Here is a Euro contract...



This MEP gets it:

[nestoframpers] 03/11/2021 23:35

A cracking finish for investors in GKP will be a great advert for the KRI, the Yanks and Chinese know whats there so it wont go cheap.

Zorsupas used to crack me up. 499674

[pensioner2] 03/11/2021 22:26

That's a classic you've posted in 644499, Muttley. You reckon a Chinese commercial outfit spent about a year and umpteen millions doing an academic survey in which they had no interest??? Altruism must be how they've hauled themselves up to be number one rival to the US.

[k4n4k] 03/11/2021 21:49

26b. 🛢️
29312;💭

Probably more, anyway. 🏆🏆🏆

[paulsfullofcrap] 03/11/2021 21:22

Yes fair enough you will get that right Goatcam, but I'm telling you there wont be a takeover anytime soon mate. I'm not trying to put you all down or anything, but its just what's being said. Maybe in a few years but not now

[goatcam] 03/11/2021 20:42

GoatCam can 100% assure you payment RNS tomorrow 7am. If not 7am it will 100% be in the afternoon.

GoatCam never wrong

[banggone] 03/11/2021 19:13

SOLD BEFORE CHRISTMAS THE MOST OBVIOUS IMMINENT TAKEOVER ANNOUNCEMENTMinimum 40 quid

[banggone] 03/11/2021 19:13

Gross 2P+2C at most recent presentation Pareto - 798m - 80% WI 638m 2p+2c nett to GKP.Of that 468 m was 2p nett , 170 m 2 cWood Mackenzie place a per boe 2 p metric at $ 8 for Kurdistan oilers.MOL also apply same metric in their account statements.468 x 8 for 2P = $3.744bnlets say a super prudent $2 per 2c - given Shaikan is highly prospective, another 170 x 2 = $ 360m$ 4.1bn = at current exchange rate just over £ 14 per share.Thats IMHO very prudent.You can see why any buyer would be very keen to own as many as possible at £ 2 or lower.Could explain a great deal :)Personally I think £ 14 very very cautious and doesn't reflect the unique opportunity operating Shaikan would be to IOC.Lets see what happens.

[highlander7] 03/11/2021 19:03

How much Sarah ?

[highlander7] 03/11/2021 19:01

Thanks again Habshan.

He is a bit of a ramper when he gets going tho and he complains about Paul ?

LOL

[bigdog5] 03/11/2021 18:58

But highlander7 you post here under several avatars and again over on another bb with at least the surryscot monicker so wouldn't it be fair to say you've got a far bigger mouth?

I've been asking recently for your value of the company and an explanation how you reached the number but alas you've not provided it.

[habshan] 03/11/2021 18:54

highlander - "How much ?"

Here's Bigdog's valuation:-

"TK has suggested we could have 26b."
"TKs boasting about various numbers can be viewed as conservative."
"Value we're not sure but think north of $5 a barrel. Recovery around 30%."

So after using his vast knowledge experience and qualifications to evaluate all the data and finding nothing wrong with it "he who is always correct innit" came to the conclusion that 26 billion barrels was conservative, that it's value back then was north of $5 a barrel and that recovery would be around 30%.

Let's take Bigdog's minimums of 26 billion and $5 per barrel.

That works out at $130 billion or £95 billion.

With 80% WI that's £76 billion.

With 30% recovery that's £22.8 billion.

With 213.7 million shares in issue that works out at:-

£106 per share.

Very good Bigdog, well done.