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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 118.00Bid: 118.00Ask: 120.50Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 2.50Spread as %: 2.12%Open: 121.00High: 0.00Low: 0.00Yesterday’s Close: 118.00


Share Discussion for Gulf Keystone Petroleum


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helx
Posts: 953
Off Topic
Opinion:No Opinion
Price:118.00
View Thread (2)
RE: another good week
Sat 19:06
Opulentia...You are obviously having a giggle, come on now, nobody is really that flaming stupid.
 
Dibendra
Posts: 611
Off Topic
Opinion:Strong Buy
Price:118.00
RE: Why Gkp is worth a fortune
Sat 18:37
"Shaikan is world-class" - Jon Ferrier

"Shaikan will produce for 80 to 100 years" - John Gerstenlauer

"The Reserves are huge and real" - Tony Peart

"GKP have billions of barrels of recoverable barrels" - colleague of Tony Peart

"I joined GKP because of the asset" - Jon Ferrier

"The Transient Drainage Radius is 6 miles" - John Stafford

"Shaikan will produce beyond the lives of our grandchildren" - Jon Ferrier

"The oil hasn't gone anywhere" - John Gerstenlauer

"An extra 0.2% Fracture Porosity would add 800 million barrels to Reserves overnight" - John Stafford

"Shaikan is second only to Kirkuk" - John Hurst, Exploration Director Genel Energy
weathervane
Posts: 967
Off Topic
Opinion:No Opinion
Price:118.00
RE: Why Gkp is worth a fortune
Sat 11:57
If Oilwoman is not Nicki Minage, I will eat my hat, phrasing, diction, not to mention BS, all point to the once departed Minage.
opulentia
Posts: 1,968
Off Topic
Opinion:Strong Buy
Price:118.00
RE: another good week
Sat 11:52
Look at the 2 late buys we will be opening up 1:20 on Tuesday
Although it shows 118 it is a false Sp you won't be able to Top Up at these prices on Tuesday ,
The big money is moving in on Stealtg mode

GLA I'll be having another Top Up Tuesday
We may even get a surprise RNS ? Payment is well overdue !!!!
Oilwoman
Posts: 81
Off Topic
Opinion:Strong Buy
Price:118.00
RE: Why Gkp is worth a fortune
Sat 10:45
ong-run 4.1 billion barrels) the number given in the CPR is nonetheless large enough to support some quite reasonable monetary values. As shown above.

So we see that the CPR does not support the current Market Capitalisation of GKP which was £276 million at close-of-play yesterday. Of course, what someone might or might not be prepared pay for GKP's 58% of Shaikan is a different matter. Someone might, for example, offer me £400 for my Henry Crouch brass binocular microscope (it's very steampunk!). But I simply would not sell it for that: whilst I know that its open market value is probably £800+, such items are not at all easy to find and I do not wish or need to sell it. I might possibly take £1600 for it, or alternatively I might not. Shaikan is in my opinion the same: try finding another one. And why should GKP sell it now? The company has zero net debt, and the next target production level of 55,000 bopd can be funded from income. Organic growth.

The value of Shaikan ultimately depends upon The Barrels, of course, and also upon who wants those barrels.

Shareholders buy shares in GKP because they want to. Quite why there is a clearly organised, virtually 24/7 chorus of non-shareholders who seem to want (a) existing shareholders to sell their shares, and (b) to dissuade anyone else from buying the shares, is something of a puzzle.
Oilwoman
Posts: 81
Off Topic
Opinion:Strong Buy
Price:118.00
Why Gkp is worth a fortune
Sat 10:44
Courtesy oil investor

----/

Let us take a look at the CPR.

The undiscounted value of the company's 3P Reserves is put as $4.615 billion

That is based upon a GKP Working Interest of 551 million barrels 3P. It excludes the following:

1. Contingent Oil, which on a 3C basis is put at 500 million barrels for GKP in the CPR. This is a MASSIVE volume. The CPR does not give a value for that volume but it would clearly be substantial

2. Contingent Gas, which on a 3C basis was put at 1.366 Tcf for GKP in the CPR. The potential monetary value of that gas is unknown and is probably related to the MNR's power generation strategy

3. Technically Recoverable Oil, currently beyond the end of the PSC. This is estimated at 150 million barrels (best) in the CPR

4. Prospective Unrisked Oil, put at 37 million barrels (best) to GKP in the CPR.

So we see that the $4.615 billion undiscounted 3P figure in the CPR relates to only a part of GKP's working interest at Shaikan. Depending upon how one values #1 to #4 (above), potential valuations quite a long way North of that figure are possible.

Then we come onto the issue of the Recovery Factor.

For the Fracture System the CPR uses a high-case Recovery Factor for the Jurassic and Triassic of 80%. I personally think even that very high figure may be somewhat low, because of the expulsion effects of the proven dual-porosity gas-drive system, but that doesn't make a fundamental difference: the bulk of the oil in the fractures is considered recoverable.

As far as the Matrix is concerned, we now have a proven dual-porosity gas-drive system at Shaikan, which expels oil which containing dissolved gas under pressure, from the porous reservoir rock. Originally this was not believed to be the case: it was previously assumed that aquifer-drive (supplemented perhaps by water- or gas-injection) would be required.

For the Matrix oil in the Triassic, a high case recovery factor of 20% is assumed. Perhaps that is reasonable, perhaps it is not: Chevron, for example, are targeting recovery levels which are four times that figure. In the Jurassic, the Matrix recovery factor is given in the CPR as 20% for the oil above 1350m TVDSS, in the high case.

So it is very clear that, for the oil in the Fracture System and in the Triassic and the Upper Jurassic formations, high Recovery Factors are assumed in the CPR. Depending upon the level of Fracture Porosity which is assumed, the weighted overall Recovery Factor can be some way in excess of 30%. Admittedly, that does not apply to the Cretaceous or to the Lower Jurassic. But the point is that, for the oil being targeted in the Field Development Plan, the level of recovery given in the CPR is not low.

Whilst the CPR does not give a Recoverable Volume which is as high as (say) 30% of the DGA Oil In Place figure of 13.7 billion barrels (in other words, a gross long-run 4.1 billion barrels) the number given in the CPR is nonetheless large enough to suppor
Christoffmcd
Posts: 311
Observation
Opinion:No Opinion
Price:118.00
View Thread (3)
Re volume
Fri 21:04
all you self styled prophets, look at the actual price !! Then refer to last year endless experts forecasting a ) circa 19b barrels Chinese company about to T/o at fantastic value per share !! Then look what actually happened !! Fact not fiction or fantasy ,many including me have. To date lost thousands , so stop the bull dust
SPLITS
Posts: 36
Off Topic
Opinion:No Opinion
Price:118.25
View Thread (3)
RE: another good week
Fri 16:39
err last Friday the sp close was 120p

Despite all your 'top ups', today it closes 118p

I suppose a 2p drop is a 'good week' historically!
opulentia
Posts: 1,968
Off Topic
Opinion:No Opinion
Price:119.75
another good week
Fri 16:31
for GKP , and still no news on payments, BOD must be very busy with other matter, to allow the Payment to drift on by for another month,

GLA June next week, and at least Genel and DNO will be due another payment, GKP have too much cash lying around?
GUSTOS
Posts: 1,570
Off Topic
Opinion:No Opinion
Price:119.75
Genel
Fri 16:29
gone crazy this bag of Sh it.Still going.




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