I'm not sure I follow all of that. Malcolm Graham-Wood (with whom I've had some contact by email) posted the JG interview on his blog. Dalesmann has worked hard to record relevant information about Gulf Keystone for several years. Whether or not his book is a good way to value oil shares...well, it's a conventional analyst-type approach, and few analysts seem to be millionaires with a 60s bird on each arm (or even a couple of bi8rds in their 60s lo) I have consistently said for years that a unified Iraq is what's needed; I was mocked for saying that by certain persons (no names, no pack drill) who insisted that they "knew" the KRG were about to declare independence, but they were totally wrong. I think Dalesman may have got caught up in that.
Yes. Things cannot carry on like this, it's unnatural. Some sort of corporate action (sale of Akri-Bijeel stake, a farm-in by a supermajor e.g. Chevron at Shaikan, or even a sale of Shaikan) seems a distinct possibility.
Afternoon! If you rearrange the above initials, you end up with the reason why Tony Blair went to war. I have a warped sense of humour. Just want to say that I posted that tweet reference just to prove that chat rooms are monitored by executives and yes, for some bizarre reason I woke up and got on twitter with a cup of tea. I have also just now had a look at Twitter and realised that the blogger releasing the GKP interview with JG is an hypocrit and dangerous : https://mobile.twitter.com/Dalesmann/status/484077539334565888 We need Iraq & Kurdistan to unite in passing these laws yet he previously tweets how Turkey is helping Kurdistan to break away from Baghdad. Now; I know that I have said similar things but then I do not have interviews with JG the KRG and blah blah blah. Based on that recent find I don't give this man any credit whatsoever and doubt he even had a conversation with JG. He is only out to sell his book based on his views which frankly are questionable. The Web is a powerful tool and it can bring down a company Ms. M D W.
Yes. The 100 billion barrels Oil In Place figure was suggested by the independent petroleum geophysicist who goes under the nickname of 'BBBS'. It was for "Greater Shaikan" and you'd need to assess Gulf's percentage of that, however defined. BBBS posted on iii, but some rather unpleasant characters harassed and abused him, chasing him away from the blogs. So we no longer have the benefit of his expertise. How much oil is there in Greater Shaikan...that depends upon the rock volume and the Fracture Porosity. Which is of course what the "Joanna Southcott's Box" business is all about. btw John Gerstenlauer gave an estimate in New York in January 2012 of how much OIP there might be in the four Gulf PSCs. He said 18 billion barrels for Shaikan, and "mid 20s billions" for Akri-Bijeel...add in his figures for the other two PSCs, and you get to a total of around 55 billion barrels. Which is in the same sort of ballpark as BBBS, albeit a bit lower. And you then apply the Recovery Factor, and... Well, for Gulf to say 100 billion barrels OIP, the typical response would have been: "you're having a laugh, aren't you" How much oil is down there...we don't know.
The krg have an obligation to the ICG to export as much as possible to meet targets and make faith of the new Iraq. Their share of cash will be forthcoming from ICG as long as they show they are producing in line with agreements. I expect GKP will raise the production bar quickly and over deliver. The debtors book will increase further. The cash will come in time. In any event I anticipate corporate 'action' in near future. IMO
All Shaikan production is going to export JG confirms the same 4mins into his KL presentation. This months payment has been delayed but it is not due to some krg strategy to make gkp suffer. None of the oil producers have been paid either have the krg salaries. This does not mean they won't paid it. Its in their own interests to make the payment so they will and hopefully very soon.
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