Member Info for everhopeful

Sorry to hear that Doc , hard school of knocks shares are , many badly wounded by GKP / been sucked in ( rather cleverly) , remember " ring the Chinese embassy" .

1st impression of this is that Omivison I hope a leader now , others in the field will have to keep up . Fingers crossed GLA

There are laws to protect share holder interests , if GKP gets to 110 k then they will be an unstoppable independent and quickly move on to 200 K , KRG can not upset the MOCs that like their monopoly . They are worse than drug dealers.

$250 mill of the bonds were not due for another 11 months , the restructure smells rotten even today, take a look at the PUT option dropping below 0.4 which triggered the bonds going secure, this happened as AB was deemed non commercial just 3 months after statements of 30K a day was on the cards. Murray's favored outfit T5 were not even spoken to by Ferrier ! Todd was on about reserve based lending he had a strong case , this will never be over for many LTHs.

5. at that time, GKP thought that there was a high-pressure aquifer at Shaikan, which was pressurising the reservoir from the sides (ERC Equipoise saying in the CPR that there was no aquifer present below the central part of the anticline).

But GKP have recently established that this is not the case, and the reservoir pressure actually comes from the matrix. What is happening is that, when the valves on the wells are opened at surface, the pressure in the well drops, where the well penetrates the producing interval.

The matrix, initially at the same pressure as the oil in the well before the valve is opened, is then at a higher pressure to the oil in the well. And because the matrix is both porous and permeable (these qualities do not always go together in rock formations) it allows its content to release into the lower-pressure area within the well. That content is Oil, with gas dissolved within it under very high pressure.

The pressure drop then allows the gas molecules - which have a higher average velocity than the much more sluggish oil molecules - to come out of solution. Just like dissolved carbon dioxide coming out of solution when the top is removed from a pressurised bottle of lemonade.

That gas is partly entering the well, but is also permeating upwards through the pores and fractures within the matrix...until it is prevented by the cap (the seal) from rising any further. It then forms a bubble of increasing size - the "gas cap" - which expands outwards and downwards according to the shape etc. of the upper part of the Shaikan anticline. GKP have referred to the formation of this gas cap.

This - combined with gravity drainage, to which GKP have also referred as mentioned above - allows the matrix to release its content. And to do so without water rising up within the structure. It is hardly a negative situation.

And there we have it.

If anyone has problems with what GKP have said, please take them up with John Stafford or Jon Ferrier. And when doing so, a reminder to reinstate the 13 March 2014 CPR webcast is probably worth giving, it saves another phone call

hyperlink and the untruths subsequently told about it is yet to be bottomed. A drains-up investigation has been suggested to the FCA about this matter. So the question, and the answer, come from a period before concealment had (so far as we know) begun.

2. John Stafford's reply reveals that the Ryder Scott Shaikan Fracture Report had already been underway for eight months and GKP already had "lots and lots of information" about the fracture system and its characteristics. This fits what GKP said in May 2012 when they reportedly face the "proved" Shaikan Fracture Porosity to the broker analysts in Bell Pottinger's offices.

Even if that particular piece of evidence is out to one side, it is an indisputable fact that in the May 2012 Investor Presentation GKP said that the volume of oil in the Shaikan Fracture System had been quantified, which is equivalent to saying that they had the Fracture Porosity. So it is self evidently the case that GKP did have the Fracture Volume and the Fracture Porosity.

3. in the concealed webcast and concealed GulfTV episode, GKP revealed that the differential for the Fracture System was that "each 0.2% of Fracture Porosity represents 800 million barrels of Reserves". John Stafford explicitly stated that such Reserves would be added "overnight". There is no point anyone trying to deny what he said. The more relevant question perhaps is "how did GKP have that figure?".

I think there are only two ways:
(a) the Fracture System was mapped in detail in terms of average Fracture Density and average Fracture Thickness throughout the Shaikan structure, and/or
(b) the volume of oil in the Fracture System had been measured using empirical measurements of pressure and flow rates etc. I note that it was much later, on 9 July 2013, that John Stafford made his very bullish remarks at the Geological Society, including the c. 13 billion barrel Jurassic Connected Volume and the colossal 6 mile Jurassic drainage radius. And that was when he made his comment about Shaikan being "all a bit shot to pieces with fractures, but that's a good thing".

The date is highly revealing, because GKP had received the Ryder Scott Shaikan Fracture Report some seventeen months earlier. And on 13 March 2014 GKP said that Shaikan had the biggest Fracture System that they (and ERC Equipoise) had come across. John Gerstenlauer did not agree with the CPR; the 0.4% figure "adopted" by ERC Equipoise is actually a very *low* figure for a fractured Carbonate reservoir, as is easily established from the "literature" to which John Gerstenlauer referred in that now-concealed webcast.

4. GKP currently say that Shaikan is a gravity drainage reservoir. John Stafford had said that "very small matrix block size" would support gravity drainage. Such size represents intense fracturing in more than one plane: again, this fits his "shot to pieces with fractures" remark.

5. at that time, GKP thought that there was a high-pressure aquifer at Shaikan, w

Happy Christmas and GLA LTHs 2021 should be the end of GKP IMO.
RIP the BBs stalwarts Mikey and Bob RIP. Here is a Bob post some are glad he is gone , big loss for genuine LTHs.


oil_investor13 Jan '17 - 10:48 - 532067 of 532076 8 2

About four months prior to Ryder Scott completing their Shaikan Fracture Report (which remains concealed from the shareholders by GKP whilst they bizarrely continue to assert that nothing is concealed oh dear) the following exchange about Shaikan took place. It was reportedly approved by GKP for posting and it has been in the public domain for five years.

Question to John Stafford: "What work have you done to define what would be the most appropriate recovery mechanism for these fields to optimise recovery factor and field economics ? e.g. water drive, gas reinjection, gravity drainage etc."

Answer from John Stafford: "OK a number of things there. We have got a fracture study ongoing that has been running for 8 months and is due to complete early next year. That will define, is defining, the fracture orientation, fracture aperture, whether they are bed bound, whether they are pressure solution things, whether they are through grain fractures. We have lots and lots of information on that now.

So we are confident we are going to be able to integrate that with our testing results and define a matrix block size from the fractures. Matrix block size will tell us what type of recovery mechanism we are going to get.

If you have got very small matrix block size then things like gravity drainage aren?t an issue. If you have got very big matrix blocks then that does become an issue.

The second thing is that our recent core data base we have taken lots of samples, lots of special core analysis (SCAL) ongoing. We are testing things like miscible gas injection. We have got wettability studies ongoing. We have got lots of standard porous plate rel perm work ongoing.

So the integration of the SCAL and fracture network study and the sector modelling we are doing in Eclipse will tell us what recovery mechanism is working. We think we have got an active aquifer beneath us"

There are several points that come from this:

1. the "old" John Stafford was very different to the "recent" John Stafford. Something happened to him in my personal opinion: not immediately after the ERC Equipoise CPR was released on 13 March 2014 because he made it very clear in the now-concealed CPR webcast (the concealment of which is an issue in the hands of the Financial Conduct Authority) that he did not agree with certain things which ERC Equipoise (his former employer btw) had said.

It was later that he became a sort of "Defender of the CPR" with the hyperlink to the webcast, which included his comments about the CPR, being disabled apparently by Miss Anastasia Vvedenskaya the former Head of IR a couple of months after the arrival of Nadhim Zahawi MP at GKP, though who was behind the disablement of that hyperlink and th

GLA LTHs maybe next year will see a change of fortunes here. China is steaming ahead and our product is their sort of thing imo. Happy Christmas

What haven't serious LTHs that will not sell till the end not filtered Putup? I have been here since before Shaikan I do not need to read new posters thoughts . Happy Xmas all Longs.

the SBB was side swiped by CV19 .

Four years have passed, is there any product launch?

This chap getting impatient after just 4 years , try 10.5 pal.

So you have 50 Million shares Wellsite !!! post up your address I will send around an ambulance.

He has been paid handsomely considering what he has delivered . He doesn't have a science background , he was the wrong choice for the job. As for options they should be performance related , hence they should have lapsed with him receiving nothing imo.

thanks for the research Gixer.

Re To and what price , I said that IF would take 2p because I do not think his heart is in this business he is just a taker , hope that doesn't happen . Someone mentioned 22p , bring it on . 9 years ago I was saying 33p. been under water ever since.

PS still not got anyone to buy FF despite giving away pills and them approving of the results , why is this so hard ?

Strange how GKP has performed so poorly yet there are lots of posters posting mainly negative stuff , why the bother ?

Why would they pay 5p when there is no competition ? who else wants PXS's IP ? Our useless CEO would take a TO at 2p imo.

My target is 22p.

PMSL . You'd need the biggest Chinese food / drink maker to put FF in several top sellers , not going to happen.

The restructure removed a hostile player imo, that and ISIS meant GKP was not sold when it might have been which is just as well with really low POO , we might have been lucky here . All depends if you are still alive come TO! RIP Bob , Dreambuilder and Mikey .

Sure there has been loads of people getting rich off oil going missing but the culture in Erbil has moved on , streams of Trade ministers from all over the world are courting the KRG , corrupt officials are getting arrested .

The PSC means that the holder can sell oil to whomever they wish ( not gkp as we are still in short pants) , that is control of the Oil which means a lot , that and the vast reserves that CPR3 hardly touches makes GKP extremely under valued . Route to market is key here depending on who ends up with Shaikan . If it is XOM then I suspect a pipeline through Syria is on the cards? GLA LTHs.

You do not get to hear that stuff imo, GCM might have said we are not happy about xyz , or there might have been a falling out so they were told they were getting the boot . GCM at these prices isn't a bad punt , my ave is 170p ! FFS.

There is more C02 prodcued from making Elecy cars than normal ones, after 80 K miles you need a new battery which then makes them more costly in C02 terms over
160 K miles , Boris's aims are a joke and will never happen. To replace all fossile fuel cars would take more rare earth metals than are available another thing they don't talk about , there are alternatives , salt being one but still in developement. Where are all the extra power stas going to come from ? Armies and Police will never run on batteries. Green dream wish list ATM , check out Patrick Moore on YT he was Greenpeaces founder , he now poo poos the green movement he gets no MSM air time. Another one is Tony Heller none of the climate alarmists will debate with Tony , that says a lot.