Gulf Keystone Petroleum Share Discussion Threads

[sbb1x] 16/9/2022 15:29

Dow recovering now

[giant_canine] 16/9/2022 14:52

Fair value £ 6.72
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[giant_canine] 16/9/2022 14:51

BIGDOG RE-ITERATES CONVICTION BUY
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" GKP is the most valuable E +P independent on Earth and will be sold imminently"

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45 quid a share.

[bigdog5] 16/9/2022 14:50

Just to follow up on BB's "blocking rights". The company have a working interest of 80% and still none of you have worked out why this is.

However, the hosts at any time that suits them they can "speak for" up to 35% of the field. So they have control of what happens with the field.

They can "block" should they wish to or they could arrange a deal. And you can be assured it would suit them as history has proved.

Just pointing out the facts and reality for you suckers.

[bigdog5] 16/9/2022 14:43

Water was found hundreds of meters higher at S12 at the lower targeted zone (they thought there was a sufficient "buffer" between the oil and where they thought the water to be). The lower Zone was drilled in the hope of adding to the Reserves.
They then came back up the well to produce from the higher zone and hit water again. So instead of adding to the Reserves they need to reduce them as oil they expected was there, isn't. And bearing in mind they've "lost" hundred's of meters of what they expected was oil that will have a material effect on the reserves figure.

As for the 2C numbers they're worth naff all because they haven't got any confidence in them being there. They haven't drilled to the Triassic in years so the Data from the Kozel regime is also worth naff all. No one buys or values fantasy of what might be there. And just the same applies to the Permian. The Cretaceous is tar and not worth spending on.

From the 489m Gross deduct this years production (around 16m) and then decrease the Reserves by an appropriate amount for the water being found not only at S12 but several other wells as well. It could be a huge figure but after using 58% of the Gross Reserves let's assume they have a Net figure of 250m of very heavy oil. Based on what Total received for their top-quality oil the 12-18 API at shaiCON shouldn't be valued above $1.50pb.

Keep up the fantasy suckers as its real entertaining to those of us that understand far more about the problems the field is having. You're only deluding yourselves:-)
If the field was any good it would have been purchased years ago.

[1waving] 16/9/2022 14:37

Nor
Wave 5 completed at 320p.
Now in a corrective pattern, likely for months.
Looking for the first 5 waves to be a greater Wave ONE with wave THREE to come next. Watch for a break above 320p
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[sbb1x] 16/9/2022 14:34

Bargain down here. Another day closer to our 10p dividend. Reckon a share buyback willnbe anounced after ex divi day.

[giant_canine] 16/9/2022 14:25

Yankee doodle PUTUP too :)

[broadford bay] 16/9/2022 14:07

Heh Slurryman,
from a PSC / WI percentage point of view it is of course correct that GKP are the majority "stakeholders".

That doesn't matter a hoot - the MNR/KRG may be the minority partner on paper, but they have blocking rights.
After all, it is their ground, their oil.


The company has not been able to sell its FDP Concept to the MNR/KRG management committee members for some years now.
There are two conflicting concepts here, and to undo the logjam GKP will have to change their suggested plans.

It's all about spending plans...

[nestoframpers] 16/9/2022 14:01

Where are we with the waves 1wav ?

[highlander7] 16/9/2022 12:39

Broadford - "The FDP is an agreed field development plan, as in defined and agreed by all three consortium partners - GKP, MOL, and the KRG/MNR."

Incorrect: It doesnt have to be agreed by all stakeholders. It is a Company Document and is in effect Company business so why would that be of any one else's concern since GKP are in effect the majority stakeholder ?

The Kurds are originators of the PSC so there are certainly aspects of the Plan that would be of concern to them. Gas Disposal being one of them , but only because there are Global Regulations applying to Gas Flaring. Ditto environmental disposal of Produced Water. But they certainly wont dispute how GKP chose to run our company.

Its a Future Project Plan thats all.

H7

[ptmorris1] 16/9/2022 12:32

Sbb1x, along with my crypto holdings. Problems with the US economy I fear.

[habshan] 16/9/2022 12:08

Highlander - "An FDP is NOT a contract i.e a Legal Document. It is Company Technical Report that can be changed at any time."

Broadford - "The FDP is an agreed field development plan, as in defined and agreed by all three consortium partners - GKP, MOL, and the KRG/MNR."

I think that Highlander was simply making the point that a FDP is not a binding legal document, how can it be, it's a plan and like any plan especially one that's concerned with developing an oilfield with all it's uncertainties unknowns and risks it needs to be fluid and will inevitably need revisions along the way and therefore cannot be cast in stone, it's only a guide and as such it has it's limitations.

"A Field Development Plan determines the optimal way to develop and produce from an oil and gas field to manage risks uncertainty and value to stakeholders.

It provides the best technical solution and guide for optimising the development and production from a field. FDP studies lay out the neccessary information for oil and gas producers to weigh out all the economic decisions that have to be made for the project.

Designing optimal FDPs can be complicated by reservoir structure uncertainty, petrophysics, the potential for well collusion and fluid flow interaction, this range of possibilities requires input from multiple disciplines..." etc.

In other words it's not an exact science.

And if it's not an exact science then it can't be legally binding.

And as Highlander says, it's a technical document produced by GKP, which is to be agreed by the concerned parties laying out what AT THIS POINT IN TIME those concerned parties agree is the best way forward.

[sbb1x] 16/9/2022 11:30

Why is this droppping

[broadford bay] 16/9/2022 11:18

Heh Slurryman,

"...it is a company technical report..."

What utter drivel you spout sometimes!

The FDP is an agreed field development plan, as in defined and agreed by all three consortium partners - GKP, MOL, and the KRG/MNR.

An edited version of the FDP will be issued in due course - when all three consortium partners are in agreement.

[nestoframpers] 16/9/2022 11:05

A big if, but if this rising wedge plays out break out will be May 23 .

[giant_canine] 16/9/2022 10:23

The new FDP is really what is for sale.It's what new ownership would be buying the rights too.

[highlander7] 16/9/2022 10:08

The CPR was issued as a prerequisite for a change of listing from AIM. Gulf themselves admitted that it was "very conservative" and only addresses around 10-25% of potential reserves. We LTH all know that , and the rest. We also know that Barzani had influence over what was in it due to his contacts with ERCE.

They are sitting on this FDP deliberately IMO.

An FDP is NOT a contract i.e a Legal Document. It is Company Technical Report that can be changed at any time. No reason why it cant be issued, even as a Draft . In any case WE the shareholders paid for it and have a right to see it.

H7

[giant_canine] 16/9/2022 09:55

So basically 213 to buy .MCAP 525m dollarsEV 425 m dollarsEV:2p < 1.Lol.

[giant_canine] 16/9/2022 09:36

10.1p div currently ex div next Thursday

[habshan] 16/9/2022 09:31

Last week the pound fell to 1.1406 against the dollar, it's lowest level since 1985.

It's just dropped to 1.1370.

Looking good for the next divi.

For those of us who own shares that is.

Bigdog of course will get nothing.

[nestoframpers] 16/9/2022 09:10

Succinctly put Eddie.