Gulf Keystone Petroleum Share Discussion Threads

[giant_canine] 26/9/2022 08:39

never be naked short overnight/weekend It will be a catastrophe

[sbb1x] 26/9/2022 08:31

That what i l9ve about GKP a takeover could be announced anyday

[giant_canine] 26/9/2022 08:30

When it goes boiiiiling.It will be a rocket.Meanwhile great value pre takeover

[sbb1x] 26/9/2022 08:29

Brent bounce well off 83.45

[sbb1x] 26/9/2022 08:27

190s hold8ng for now

[sbb1x] 26/9/2022 08:16

180 support i meant

[giant_canine] 26/9/2022 08:11

Div payable currently 10.8p

[habshan] 26/9/2022 08:05

Swings and roundabouts.

CNBC - "Brent crude slides below $85 a barrel as dollar surges."

The Saudis will step in at next week's OPEC meeting.

"remarks by Nigeria’s oil minister, Timipre Sylva, saying OPEC would consider output cuts as current prices were hurting the budgets of some members."

[giant_canine] 26/9/2022 08:03

I am layered buy orders from184 to 190

[sbb1x] 26/9/2022 08:01

180s support

[ozzmosiz] 26/9/2022 07:35

Also means payments to the company increase

[habshan] 26/9/2022 07:29

The pound dropped to 1.03 against the dollar in early Asia trade.

It's currently at 1.0605.

That takes the dividend to 10.9 pps..

[thebabe] 26/9/2022 06:59

Fair value £ 6.72
.

[bigdog5] 25/9/2022 22:59

Results from the wells and data differ?

15 wells and 13 years on, Reserves have never ever been increased, current Gross numbers will have to be adjusted downwards due to all the issues that the recent wells have encountered especially the water at S12 imo. The field has shrunk massively and the overlays of the shaiCON field over London are clearly misleading and very likely wrong. S6 found water but what isn't clear is whether they would have found water much further towards the middle of the field. They didn't expect water in the middle at S12 but they found it.

Reserves that have never increased despite many new wells. 2P numbers of barrels that were shown as Reserves have been moved into Resources. They couldn't find a gas cap which all you clueless clowns thought was a cert. Wells 12, 13 and 14 all experienced problems. The targeted 55k a day is still 10k short after being in the plans for 8 years or more. How much more evidence is needed to prove the view that they still don't understand the field after 13 years and that it has many expensive problems.

Hasn't the person responsible for the location of the wells departed? And where is Kozel now and why? If JS was so sure of what he said how come he departed? JF joined for the asset but didn't add a single barrel. The hosts have reduced their famous 45b barrels down to way less than 3b.

Reality versus fantasy. Fair value £1.25-£1.50?

[nestoframpers] 25/9/2022 20:35

Like I said earlier , 150 m's more oil on the flanks.

re 372 I thought the pic I posted would end this debate . For years we have been debating TVDSS , GKP said the TVDSS shown in the presentation below was a 1% probability but post SH6 that moved it up to 95% IMO , 150 m's below the 2010 guessed OWC .


from Nov 2010 prestation

[habshan] 25/9/2022 19:24

An interesting post from jackohelp (206935) on 27/06/12 where he states that the following was said in a presentation to analysts:-

"We did reach OWC on SH6, 150m below target levels below spill point in the Jurassic and will add significant increments to both the aerial extent and depth of the Shaikan structure. If I take us to the outline of the Jurassic on p13, the current green area on the east of the Shaikan block pretty much extends green all the way to the remaining blue section of the block and likely into the South too of the neighbouring block. The water contact on SH6 is in the low Kure Chine C or D section, and there it is like what we found in SH4. There is possibly another OWC in the Butmah level but that requires further testing. What we have encountered is extremely high pressure of 19.2 pds/ga in the Triassic, and we need to think how to deal with this. To give some context, the Triassic usually in SH1-3 is more 12 pds/ga, so this has surprised us. During SH5 in the Kure Chine D levels there was a significant oil kick with sample gravities in the mid 30s-40s and appears to be sweet. This bodes well for the prospects below. In terms of the Jurassic matrix, the overall fracture or amount of oil retained is higher than expected, where originally it was thought 0.8%, but is now proven to be some 3%. The main takeaway on the back of SH5 SH6 is we can expect an increase again in OIP on Shaikan. "

[habshan] 25/9/2022 17:34

MIRABAUD Securities Energy Research report July 2012:-

Shaikan-6
Reached TD in May 2012, testing campaign underway.
Located 9km east of Shaikan-2, designed to find the OWC. Log data indicated a continuous oil column in the Jurassic and Triassic, with oil shows below the pre-drill prognosed Jurassic OWC.

Flank appraisal well, Shaikan-6, which was positioned to intersect the OWC, encountered oil in Jurassic and Triassic zones. Evidence from logs and core data suggests that the Jurassic OWC is located 150 metres below the company's previous interpretation, meaning that the field may extend beyond the structural spill point of the Shaikan anticline. This could have a material impact on the resource base,"

"We expect an additional upgrade to the resource numbers on the back of the Shaikan 5 and 6 well results which have extended the field further eastwards and established a deeper than expected Jurassic oil water contact (OWC). This could be quite significant, potentially in the order of several billion barrels of OIP".

We haven't heard the last of Shaikan-6 and more investigation in that area needs to be done, they will return to it in the future. In the meantime they've got more than enough to be getting on with.

[ptmorris1] 25/9/2022 15:45

Muttley " ... and the word on the City streets .. " ahh, that's an anagram of "unsubstantiated rumour"; ish.

[habshan] 25/9/2022 14:26

The Geological Society 2021.

Obituary - Adnan Ismail Samarrai (1934 – 2021).

"There is no record of the volume of oil-and-gas discoveries that Adnan contributed to prior to joining GKP, but in his six years of service with GKP, he planned, assembled and led a team that discovered more than 4.3 billion barrels of oil when he was 73 to 78 years old."

[releasethekraken] 25/9/2022 13:40

It is thought that the board would not accept the estimated £8-a-share that Exxon is considering and that a number of other companies, perhaps including China's Sinopec and Californian giant Chevron, are monitoring the situation. There is even some speculation that an informal four-way auction for GKP might be under way, while it is also believed that the company has spoken to at least two smaller businesses about potentially developing its assets in a joint venture

[giant_canine] 25/9/2022 13:38

Fair value ? 6.72.HTTPS://twitter.com/ChicagoJack5/status/1570739103683182592?s=20&t=BwQDeNJ4hrkk0sY0fNRY-w

[giant_canine] 25/9/2022 13:38

HTTPS://twitter.com/staunovo/status/1573396209930305543?s=46&t=GuEFSIAKBMqoRZOJrQhb5gNet long oil futures contracts increased and net short decreased once again the divergence between the financial volatility inter day in the oil sector and the approaching reality the the SPR releases are soon coming to an end which will likely push oil above and $100 is obvious Russias latest move will only galvanise Europes resolve to stop consumption of Russias Oil and gas also the US will ensure Kurdistans Oil continues to flow

[bigdog5] 25/9/2022 13:38

The water found at S6 proves up a few points. AS was wrong about it being a good well. Initially they said it was a good but then info about its progress went quiet. It was a long time before the truth emerged and that it had found water. They never went back. Remember how SA1 was supposed to have found 1.9b? And how that SA2 was looked forward too? They both turned out to BS before SA, Akri and BB were all handed back to the hosts for a lot of costs!!!

Perhaps the boundary of the field isn't at S6 and that it's a great deal closer to the Centre of the field. I've been telling you suckers for years that the field has shrunk. Don't the "overlays" over London go way past S6? Doesn't that suggest that's all BS? It's also as clear as daylight why the company haven't drilled any more wells out to the East.

Then there's all the problems in the North of the field, with at least one well in particular.

Then some time ago a well in the West that for a long time was their best had massive problems and the word on the City streets were that it was having to be very carefully managed after it had been chocked back materially.

Then there's S12, do remind yourselves where it located. Water found in the middle of the field at a couple of depths.

So there are problems all over the field. Your huge fractures don't just accept heavy oil, they love water as well.

So, as I've said many times if the field was as good as you suckers believe why is it after 13 years and 15 wells the 55k a day that's been coming for 8 years hasn't arrived. Remember when the 40k a day was taking years longer than Kozel predicted. Then that plan was dumped and a new one about trying for 55k a day emerged?

History has repeated itself innit:-)

And I'm not a sarah, I don't work for anyone but I do like to post up the facts and reality and all for free!!! Good job the fake oil price has come to you suckers rescue as otherwise the share price would be way less than £1.50:-)