I'm not so sure that's what JG said to Malcy. It's what he didn't say I am more interested in. Even Oryx sing a long like all is good, but then add a 'shut in' at the end of their blurb. I'll stay puzzled at this point. Someone didn't just throw a GKP shut in out there yesterday for the hell of it.
trial deliveries to a pipeline early Dec, no local sales due to market dynamics - there is a Shut In of their wells. Works to directly tie into the KRI--Turkey pipeline are on track with completion expected in early 2015.
Would JG like to update us as to whether we have hit a theoretical 40kbpd, and are also shut in?
I do not think the KRG want/can't/won't pay the ioc's out of their 17% and for the ICG to officially pick up the tab would mean ratification of the psc's and that is a whole new ball game. The 17% is dependant on 250000bpd being exported so I'm assuming the ICG expect the KRG to cover the cost but I'm not holding my breath and would not be surprised to see the KRG break this agreement.
meant Oryx. Anyway, quite interesting to look at their website, oip and production figures and targets. They look very much like GKP did only several months back...small production, aiming for 40k :
Oryx Petroleum commissioned its initial Demir Dagh production facilities, with an initial gross (100%) oil production capacity of 5,000 bbl/d, and a truck loading facility capable of handling 20,000 bbl/d. Oryx Petroleum expects to increase production facilities capacity to 25,000 bbl/d by Q4 2014 and 40,000 bbl/d in 2015.
Perhaps there is something to the post that Oryx and GKP are shutting off their wells for the time being? Perhaps get the back sort sorted.
"Sources: #1. "joseki" #2. Miss Vvebensksya via one of Jeremy Asher's supporters with whom she discussed the situation in June 2013 #3. A director of Gulf, whom I could very easily name but which I shall refrain from so doing, at about the same time as #2."
ROFL. 3rd hand hearsay.
In fact, I had to check with my other half, who is more familiar with bb characters than I am, who 'joseki' is. The reply: is he that chap with the Tennessee Williams accent who worked for an investment bank?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.