Gulf Keystone Petroleum Share Discussion Threads

[nestoframpers] 05/4/2024 17:30

Unless the USA make KRI the 53rd state it's never going to be independent. See what it looks like when Erdogan dies . Inching along here soon going to look much better imo as ICG are trying to end the corruption.

[hangthedj] 05/4/2024 16:38

That other pipeline being in operation would give 2 options for arriving at same place on Turkey border for both Kirkuk crude and KRG crude.

If my geometry/logistics is right?

[fairenough11] 05/4/2024 16:17

The popping up of the pipeline issue was far too convenient/coincidental for my liking.
Let's see what the real end game is here.
Apikur have been calling Baghdad's bluff very well so far imo

[hangthedj] 05/4/2024 16:08

Seen this other pipeline mentioned a few times now and seems to me that it would be a good start if Kirkuk crude was piped to Ceyhan and exported.
Imagine that would pave the way for the KRG pipeline to open soon after otherwise there might be some "issues" at the northern border.

Doubt if the Kirkuk to Ceyhan route would be allowed to start without the IOC'S payments ( past, present and future) being sorted out.

[whl2] 05/4/2024 16:00

Yes it is

BP's market cap is £85b, could you see them or any other company spending one third of their market cap an oil company "with potential" in the most corrupt and bribabal part of the world - one backhander and the pipe gets shut down.

It is worth much much more than the current market cap, but be realistic mate.

[johnbuysghost] 05/4/2024 15:53

I agree GKP is already sold and the price will be a true valuation.

£100 per share isn't a ramp.

[petebreeze37] 05/4/2024 15:46

Hopefully there will be lift off here soon

[habshan] 05/4/2024 15:11

"Perhaps you gullible idiots are unaware but when a report is compiled by these so called "experts" if it doesn't contain a great deal of "lipstick" they don't get paid!!! So if it doesn't say what they want it to say.............."

So CNPC and CNOOC sent a panel of experts to Shaikan and paid them to generate an inaccurate report then Sarah.

If they paid those people to just say what they wanted them to say then why send them to Kurdistan in the first place, they could have just paid them to make it all up and sit in an office in Beijing to write it.

What use would an inaccurate report be to them.

Why would CNPC and CNOOC want a fictitious report saying that Shaikan is "extremely rich in oil-and-gas resources."

[bigdog5] 05/4/2024 14:55

"There’s a wide range of valuation scenarios. Being sensible, I’d be happy with something between £10-£15".

LOL

No one buys what hasn't been proved up. No one buys iffy Resources. No one buys what they haven't drilled to.

No one believes in the data from the Kozel days.

Perhaps you gullible idiots are unaware but when a report is compiled by these so called "experts" if it doesn't contain a great deal of "lipstick" they don't get paid!!! So if it doesn't say what they want it to say..............

Btw, do have a look at who was at a certain company that were charged with compiling a report back then. Another person that has excited the scene in the Land of delusion. And under a dark cloud?

Always happy to help.

[pittcock] 05/4/2024 14:55

Clown nonce

[bigdog5] 05/4/2024 14:43

"I was reliably informed "


Really Sarah ? Just like you were "reliably informed" to go all in at £4.60 then sell at 4p ?

LOL

Did I use those words scotty snowflake? What passes for a brain and your eyes in conflict yet again it would appear.

As for the rest of your lies in the post I believe it was you and a few of your fellow morons that went all in at £4.60 and then were wiped out, it sure wasn't me. But keep conning yourself in order to try and feel better about your massive failures here.

Pipe open is it scotty snowflake?

[highlander7] 05/4/2024 14:34

I would expect it to be valued on the asset(s) plus a mark up for future reserve upgrades of anything up to +40%. Thats the norm and assuming the politics are finally sorted.

So far as the current fun and games go I think the ICG ( or who ever is behind this ) have over played their hand . The Kurds now have an overwhelming case for some kind of autonomy. Hopefully supported by The USA.

IMO

[highly geared] 05/4/2024 14:17

In terms of potential GKP sale, the value is largely determined by political risk. That’s why this period is so important in determining a political solution that de risks investing in IOC’s operating in Kurdistan.

Assuming an agreement is reached that normalised the political and legal framework then GKP can be valued on CPR metrics.

There also has to be something in it for the acquirer.

There’s a wide range of valuation scenarios. Being sensible, I’d be happy with something between £10-£15.

[highlander7] 05/4/2024 14:06

"I was reliably informed "


Really Sarah ? Just like you were "reliably informed" to go all in at £4.60 then sell at 4p ?

LOL

[habshan] 05/4/2024 13:54

Bigdog - "as regards the Chinese and what they did and why they were there. They weren't there to verify the Reserves. It was a fact finding exercise carried out on a few wells for educating purposes requested by third parties."

They were there because they were sent by CNPC and CNOOC to investigate and generate a report because they wanted to know about Shaikan, and the conclusion the authours reached was that "Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."

So now CNPC and CNOOC know that Shaikan is "extremely rich in oil-and-gas resources."

And no they didn't send their findings to Robert Waterhouse and ask him to write the report for them:-

Bigdog - "The report you mention, I was reliably informed that was something that RW knocked up and e-mailed to them desperately trying to raise some interest after his "easy fast and cheap" was seen to be running out of steam!!!!"

Dow Jones 13/12/18 - "Experts from the China National Petroleum Corp. and China National Offshore Oil Corp. have carried out a technical study of rock formations at Gulf Keystone's Shaikan field in the semi-autonomous region of Iraq, according to a report on the study."

The report, based on a presentation made to an industry conference in Bahrain earlier this year, cites six authors from CNPC and CNOOC or research organizations attached to them.

The report says the carbonate reservoirs in the regional land basin housing Shaikan and about 29 other oil fields are "extremely rich in oil-and-gas resources."