Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 07/9/2022 16:00

Oil lost support, 218 possible

[fardels bear] 07/9/2022 15:52

It's wont. Ignoramus.

[bigdog5] 07/9/2022 15:48

Oh look, there's hetty habscum. Has she rocked up inventing more pathetic excuses as is her want? Of course she has, lol.

She invented so many excuses about there being no water at shaiCON until the company proved us knowledgeable ones correct!!

Will she be moving her boat to a harbor at shaiCON if the plans get approved?

[fairenough11] 07/9/2022 15:42

That gas is worth a fortune at todays prices and confirms what a large scale operation is going to take place at Shaikan going forward.

[bigdog5] 07/9/2022 15:39

Broadford, those are awful numbers considering additional wells have been added.

It would seem that the hosts were spot on with what they were saying about a year on year 15-20% decline. More proof of why it's taken the company 8 years to only add a few thousand barrels despite several new wells?

How odd that the company under the Kozel regime informed about only finding "dry oil". Then a few of us said the company were finding water across the field. S6 and S12 amongst others and at different depths.

Then idiots like habscum and highlander reckoned we were making it up and wanted proof. And the company obliged and proved us correct. Plus, they wouldn't need water handling facilities on the scale they're talking about if it was just "traces" of water?

Then the hosts have recently downgraded their Reserves from 45b to 3b and pointed to amongst other issues water flooding into the fractures across several fields that the morons here only believed oil can do!!!

The once held belief of a "sea of oil" in the "last great frontier" may be just a sea:-)

[nestoframpers] 07/9/2022 15:28

Shaikan large scale gas production I guess will be happening many years from now Peter . That 1.69 Mn C ft a day is just from one small zone the Upper Triassic , I guess DGA tested it because they didn't know what they had . It didn't take GKP long to realise they had primarily a Oil field with lots of gas.

[habshan] 07/9/2022 15:18

Broadford - "Q1-2020 46,700bopd, Q2-2022 37,100bopd. 3 new wells drilled and in production since 2020 but production down by 20%."

Indeed Broadford, since early 2020 production at Atrush has dropped from 46.7kbpd to 37.1kbpd, a fall of 20%.

But we aren't invested in Atrush are we, we're invested in Shaikan where over the same period production INCREASED from 38kbpd to 45.9kbpd, an INCREASE of 20%.

A week or two ago you were stressing over what the Russians are up to at Akri Bijeel, what others are doing at 3 fields up to 100 miles from Shaikan, and now it's Shamaran and partners at Atrush.

We don't care about all that Broadford.

The fact that Shaikan is doing great is what WE care about.

[sbb1x] 07/9/2022 14:47

Oil bouncing now.Bounce hard

[petebreeze37] 07/9/2022 14:36

Nestoframpers using the 1,690 MCFPD (1.7 billion) and then say 10 billion dollars per trillion cubic feet then that would equate to 17 million dollars per day for gas.
In reality these figures would be rounded down but still not low numbers.

[sbb1x] 07/9/2022 14:32

Brent broke 90.Bang in trouble now

[highlander7] 07/9/2022 14:32

Saudi Arabia has just lowered the price of its premier crude for buyers in Asia and Europe, but simultaneously hiked prices for oil barrels which will be sent to the United States beginning next month. For the United States of America, a lot seems to be going wrong. President Joe Biden executed what can be said to be a magnificent u-turn in his policy towards Saudi Arabia. Washington practically went from referring to Saudi Arabia as a “pariah state” to pleading with it to increase oil output via the strong cartel-like organisation called OPEC+. Still, Saudi Arabia continues to punish the United States of America.

[broadford bay] 07/9/2022 14:22

Do not confuse Sulfur stripping or removal with Ammonia production. Ammonia is not a by-product of Sulfur production as Nesto states.
Sulfur can be and is used in various forms of fertilizer - but not in the production of Ammonia which is the major feedstock for fertilizer.
Ammonia is generally produced using NatGas transformed using the Haber-Bosch steam reforming process - and THAT is anything but a cheap process plant.
Such a plant would only be economic for large volumes of NatGas and would involve a significant gas gathering network of pipelines to feed it.

[beernut] 07/9/2022 14:15

Putin Threatens Complete Energy Cut Off To West If Price Caps Are Imposed

By Charles Kennedy - Sep 07, 2022, 8:00 AM CDT
Last week, the G7 group of the most industrialized nations agreed to finalize and implement a price cap on Russian oil.
The planned price caps on Russian oil and gas exports is yet another "stupidity," the Russian president said on Wednesday.
Putin said his country will not supply any energy commodity if price caps are imposed.




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Russia will stop supplying all energy products to Europe if the EU and its Western allies impose price caps on Russian oil and natural gas, Russian President Vladimir Putin said on Wednesday.

"There are contractual obligations. Will there be any politically-driven decisions that contradict contracts? Yes, we just won't fulfil them. We will not supply anything at all if it contradicts our interests," Putin said at an economic forum in Russia's Far East city of Vladivostok.

[broadford bay] 07/9/2022 14:05

Hi bigdog,
as you say, the neighbours to the North (Atrush) are having depletion issues too. 3 new wells drilled and in production since 2020 but Production down by 20%.
On-trend ?

Atrush outputs:
Q1-2020 46,700bopd
Q2-2020 46,900bopd
Q3-2020 46,100bopd
Q4-2020 40,800bopd
Q1-2021 38,200bopd
Q2-2021 38,900bopd
Q3-2021 41,300bopd
Q4-2021 35,300bopd
Q1-2022 38,800bopd
Q2-2022 37,100bopd

[bigdog5] 07/9/2022 13:55

Have any of you morons been watching what's been happening at the field North of shaiCON? Despite several more wells production has fallen big time!!! Are they also having huge water issues? It would seem they are.

Appears to be the trend at the "last great frontier". Several more wells at shaiCON and virtually no increase to production. Running hard just to standstill it would seem.

The hosts have recently "come clean" and said their Reserves have plummeted from "their" fabled 45b to 3b. And that water is flooding into the fractures across several fields!!

Isn't S16 being drilled up there:-)

Water, gas, sulphur issues!!! Fractures being flooded with water!!! Now problems to an adjoining field!!

Leave it to the experts?

When is the 9 year of predicting takeaway coming now?

With all those costly problems and an entitlement of only around 250m barrels net of extremely heavy oil why would anyone want it and why would anyone put your ludicrous values on the company?

Facts and reality.

[nestoframpers] 07/9/2022 13:47

Peter Re gas , a line from the below snippet 1.690 Bn cubic feet of gas a day just from the Upper Triassic.


Upper Triassic Formation has been drill stem tested at rates of ~1,700 BOPD and 1,690 MCFPD.

--------------------------------
Gulf Keystone’s Shaikan 1-B Discovery – Report 1 Preliminary Jurassic Evaluation
October 2009

V. POTENTIAL RESOURCE UPSIDE

In the Shaikan 1-B well, there is significant upside potential from deeper formations that have been drilled and tested but not evaluated, and from planned deeper drilling.

Drilling below 2,055 m MD has encountered additional minor oil-bearing layers in the Lower Jurassic formation down to 2,310 m MD, and has also penetrated oil and gas productive intervals in the Upper Triassic Formation. Oil shows have been reported in mud logs in the Lower Jurassic intervals.

The Upper Triassic Formation has been drill stem tested at rates of ~1,700 BOPD and 1,690 MCFPD. As open hole logs and other data below 2,055 m MD are evaluated, the resource estimates for the
well will increase.

[nestoframpers] 07/9/2022 13:24

I think before the KRG sign any LTA with ICG they will want compo for the Anfal 250 K genocide .

[nestoframpers] 07/9/2022 13:22

GKP need a Sulphur stripping plant for the gas , this gives by products that are commercial Ammonia for fertiliser I think. Re Gas reinjection we still don't know the best way of producing Shaikan crude as we haven't assessed the Permian and it's Aquifer. It is immense and highly pressurised . AB 1 in the pic is 60 KM away.

[nufc9] 07/9/2022 12:28

ERBIL (Kurdistan 24) – Kurdistan Region does not have an issue with “who sells the oil”, but it is concerned about securing its fair share of the federal budget and the other constitutional rights, Deputy Prime Minister Qubad Talabani said on Wednesday.

Talabani received the US Assistant Secretary of State for Near Eastern Affairs Barbara A. Leaf and her accompanying delegation in Erbil, where they discussed Erbil-Baghdad relations, the latest political developments in Iraq as well the Kurdistan Regional Government (KRG) reform progress, according to a statement from the Kurdish official’s office.

Speaking of the outstanding issues between the Kurdish and Iraqi governments, Talabani told the top US official: “We do not have an issue with who sells the oil. But our concerns are about securing the budget, financial entitlements, and the Kurdish people’s constitutional rights,” Talabani told Leaf, who was accompanied by US Ambassador to Iraq Alina Romanowski in the meeting.

The official expressed his government’s keenness in implementing reforms “in all sectors step by step”, asking Washington to continue its support for the government’s efforts.

The US diplomat on Sunday arrived in Baghdad, where she met with the top Iraqi officials, including Prime Minister Mustafa Al-Kadhimi and Speaker of Parliament Mohamed Al-Halboosi.

They also discussed Iraq’s political situation and the latest developments, stressing all parties need to resolve the outstanding issues through “national dialogue” and avoid inflammatory statements.

[giant_canine] 07/9/2022 12:08

The quandry is that gas re-injection may well have been the economic best fit , until Putin.
GKP technically revised the submitted FDP in June according to JH.
It may well be that the new owners and the MNR will see gas cleaning and supply to be a profitable project.

[petebreeze37] 07/9/2022 12:05

Habsham.
Thanks, that's definitely not a small number.