From LBO which concurs with many Long Term Holders views
Without going into detail, on numerous occasions, TK put out plans and projections based on medium and long-range oil field development plans originating from a higher source. The source then had to regroup on a weekly basis. TK could not come out and criticize publicly and chose to take the hits and be a team player. The source has not forgotten this.
Perfectly Valid if you measure SP and NAV relative to 163 million Barrels of 2P
And of course assign zero value to 2C or 3C
My post from ADVFN might give you a clue as to whats going on
"So who wanted an ultra low conservative CPR?"
The KRG Of course and they got it
I have "heard" and believe that the Fracture Porosity Figure was "given" to GKP
Have a look at LBO's post of today I posted here and the important paragraph
Try 800 million barrels 2P Reserves from an increase of 0.2% Fracture Porosity. Now try 0.6% more.
Roll on Politics and Independence sorted and watch the KRG Numbers Grow.
If the KRG told the truth as they understand it now relative to Reserves including the Permian it would show them in a Very Bad Light as being Separatist for Oil Wealth as opposed to Separatist as Down Trodden.
Not Rocket Science
100 Billion Barrels across 4 Fields for GKP Alone still Credible
Datafeed and UK data supplied by NBTrader and Digital Look.
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