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Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 49.00Bid: 48.75Ask: 49.00Change: -0.75 (-1.51%)Faller - Gulf Keystone
Spread: 0.25Spread as %: 0.51%Open: 51.75High: 51.00Low: 48.25Yesterday’s Close: 49.75


Share Discussion for Gulf Keystone (GKP)


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NickiMinaj
Posts: 1,150
Off Topic
Opinion:Strong Buy
Price:56.75
View Thread (2)
RE: Fracture recoveries - page 12
19 Jan '15
Yes. Arundallio mistakenly thought the delta was 0.8 billion barrels for 0.4%.
 
NickiMinaj
Posts: 1,150
Off Topic
Opinion:Strong Buy
Price:56.75
View Thread (2)
RE: The truth will out
19 Jan '15
We will get there.
Adieuk32
Posts: 1,231
Observation
Opinion:Strong Buy
Price:56.75
Latest member of the Board
19 Jan '15
Maria Darby-walker,

I think the last paragraph on GKP's website gives the T/O theory some grounds to consider...

Maria has acted as a trusted adviser to Boards often at pivotal times such as mergers and acquisitions and through crises and issues. She has advised organisations going through organisational and transformational change and is versed in all channels of communication including digital media. Educated at Nottingham University Maria has a Joint BA Hons in Modern Languages.

DYOR GL ALL

http://www.gulfkeystone.com/about-us/board-of-directors/maria-darby-walker
Adieuk32
Posts: 1,231
Off Topic
Opinion:No Opinion
Price:56.75
View Thread (2)
Fracture recoveries - page 12
19 Jan '15
http://www.gulfkeystone.com/media/80005/cpr-presentation-13032014.pdf

Every 0.2% equates to 800 million barrels of recovery oil,
Mulder
Posts: 863
Off Topic
Opinion:No Opinion
Price:56.75
View Thread (2)
The truth will out
19 Jan '15
I think my alias is more suited to you NM!

Keep going.
Moneylender
Posts: 21
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:56.75
View Thread (2)
RE: AAPG - Abstract
19 Jan '15
That sounds like an awful lot of space to fill with oil!
NickiMinaj
Posts: 1,150
Off Topic
Opinion:Strong Buy
Price:56.75
View Thread (2)
RE: thanks arundillio on iii
19 Jan '15
Gulf have to give new Reserves and Resources figures for the position as 31 December 2014. It's required for the Report and Accounts.

But that's not the same as doing a new CPR. It would be bonkers to do that now, not least because the oil price would kick the Net Present Value down even more, unless the lo9ngt-run $100 oil price assumption were used. And in that case, nobody would believe the NPV anyway! That would be an "Out of the frying pan, into the fire" situation.

It's possible that someone at Perella Weinberg has badly advised the company about what to release. I know, thanks to what one of the Board has said, that the company's advisers give them conflicting advice regarding what to put in RNS etc.
.
NickiMinaj
Posts: 1,150
Off Topic
Opinion:Strong Buy
Price:56.75
View Thread (5)
RE: NickiMinaj
19 Jan '15
Indeed.

And Todd told me that there are billions of barrels of *very* heavy oil in the (shallow, as you know) Cretaceous flanks. That oil isn't a priority of course...it will undoubtedly require EOR (steaming etc) but IMO an operator such as Chevron might perhaps lick its lips at the opportunity. Maybe the PSC terms could be altered to make it more commercially attractive? After all, this is business, not Holy Scripture!
mainshare
Posts: 1,006
Off Topic
Opinion:No Opinion
Price:56.75
View Thread (2)
thanks arundillio on iii
19 Jan '15
Open question

15 Months Production Information and is it 2 or 3 New Wells since the CPR.

Here are some potential reasons why no Reserves Update.

No need for Capex Fundraising is not believable as a reason not to spend the Money or Time as Reserves are amajor Valuation Metric. If the do not need it today they will need it going forward unless Self Financing of course?

Option 1 ... They do not want an Afren as the 299 mmblls reported in the CPR will go down?

Option 2 ... Information collected in the 15 months since CPR would not enhance the information used in the CPR

Option 3 ... GKP and KRG already know and have long time known the RF and Fracture Porosity but not ready to release it.

Option 4 ... GKP and KRG have a Deal Done with a Major and the "Real Numbers" would throw a Spanner into that agreed into that agreed price

Option 5 .... They do not want to release Company Making information on Reserves until the Oil Price has recovered sufficiently as "Any News" in a low and falling Oil Price backgound will be lost in negative sentiment?

Option 6 ... No need for Capex Fundraising so do not waste time Money or Time.

Option 7 ... Suggestions please

I think the company should be challenged for a more "believable" answer than Option 6 .....particularly if you believe Option 4.....or even just in case?

Reminder of JG's bullish statement at the CPR Presentation and increased Fracture Porosity from 0.4% CPR to his view at 0.8% which would equate to 800,000,000 extra barrels of 2P? Also he said increased Reserves would follow with more Production Information and New Wells

Worth asking some questions for for $6.14 a barrel increased Reserves Valuation?

Arundallio

particularly like the JG statement...lol
cubasteve
Posts: 757
Off Topic
Opinion:No Opinion
Price:56.75
View Thread (5)
RE: NickiMinaj
19 Jan '15
The stupidly low figure was only on the limited drills at Shaikan , giving only 25% of the value , we still have a further 75% value to add . That's not counting the lower reservoirs and not counting the other 3 fields . Cuba





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