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Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 45.75Bid: 45.50Ask: 46.00Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.50Spread as %: 1.10%Open: 46.00High: 46.50Low: 45.00Yesterday’s Close: 45.75


Share Discussion for Gulf Keystone (GKP)


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NickiMinaj
Posts: 1,258
Off Topic
Opinion:Strong Buy
Price:48.00
hshs: "oilclone" post
Mon 21:52
Here it is!

It's dynamite....

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Author Oilclone View Profile Add to favourites Ignore
Date posted 2013-09-17 15:17
Subject Re: 2P/3P Reserves........... View parent message
Votes for this Posting
Message
Don't know about reserves but, at the "Shaikan from Discovery to
Development " talk given by John Stafford of GKP at the Geological
Society in July, I jotted down the following during presentation of
pressure data (in haste but believe this to be correct): -

Productivity Index 250 stbbl/d/psi
Permeability 12,000 mD
Radius of Investigation 317,000 ft
TIme 2,188 hours
Connected Volume 13 billion bbl

I am not a reservoir engineer but is the 'connected volume' the basis
of the OIP figure that you use and has this been stated elsewhere by
GKP ?

Would an RE out there like to comment on the above figures?
 
NickiMinaj
Posts: 1,258
Off Topic
Opinion:Strong Buy
Price:48.00
hshs: dry oil at Shaikan
Mon 21:50
Go to the 13,March 2014 "CPR" video presentation.

18 minutes in.

John Stafford says that Shaikan-2 flowed dry oil just 50 metres above where ERCE hypothesised there was water. With vertical fractures!

He also said that Shaikan-4 flowed dry oil from the Butmah, which is deeper.
hshs
Posts: 244
Off Topic
Opinion:No Opinion
Price:48.00
NM
Mon 21:47
Which board?
I might have it saved already but don't recognise the name just now
NickiMinaj
Posts: 1,258
Off Topic
Opinion:Strong Buy
Price:48.00
Permeability: 12 Darcy!
Mon 21:42
That's TWELVE TIMES as porous as sand, which is about 1 Darcy.
NickiMinaj
Posts: 1,258
Off Topic
Opinion:Strong Buy
Price:48.00
hshs: "oilclone"
Mon 21:40
Take a look at the post by "oilclone" at 15:17 on 17 September 2013.

The numbers are quite extraordinary.
hshs
Posts: 244
Off Topic
Opinion:No Opinion
Price:48.00
NM
Mon 21:39
;)
NickiMinaj
Posts: 1,258
Off Topic
Opinion:Strong Buy
Price:48.00
hshs: the fracture porosity delta
Mon 21:37
Gulf said on 13 March 2014 that the dy/dx is 0.8 billion barrels of Reserves and Resources per 0.2% Fracture Porosity.

That represents 4 billion barrels of Reserves and Resources per 1% Fracture Porosity.

So 3% Fracture Porosity would equate to 12 billion barrels Reserves and Resources.

Note that one of the reports of John Stafford's July 2013 presentation at the Geological Society quotes him as saying the connected volume is 13 billion barrels.
Yellowcraig
Posts: 36
Off Topic
Opinion:No Opinion
Price:48.00
BBBS
Mon 21:26
Indeed your very prescient. I haven't.
hshs
Posts: 244
Off Topic
Opinion:No Opinion
Price:48.00
Yellowcraig
Mon 21:24
You'll be telling us next that you've never seen the BBBS posts too

;)
Yellowcraig
Posts: 36
Off Topic
Opinion:No Opinion
Price:48.00
Posts by HSHS & NM
Mon 21:22
I've not seen that material before and it all sounds incredibly upbeat but why did GKP not challenge the CPR more robustly. It smacks of commercial negligence. Also why did JG say recently no need for an updated CPR (just a waste of money I think he said). We need payments and an updated CPR pronto.





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