Gulf Keystone Irak-Ölperle Deutschland schläft (Seite 101)

[Coxos]

Bijeel-1 Discovery Well Update
Gulf Keystone notes the announcement made today by MOL Hungarian Oil & Gas Plc regarding the successful end of testing of the Bijeel-1 discovery well, in which Gulf Keystone holds a 20% Working Interest.

Highlights

The cased hole test, performed at a depth of 3,804 - 3,967 meters in the Jurassic formations, produced 2,700 barrels per day (bbl/d) of 12-13 °API oil through a 40/64 inch choke.

Previously, the Bijeel-1 well produced 3,200 bbl/d of 18 °API oil and 933,000 standard cubic feet per day (scf/d) of gas, (150 barrels of oil equivalent per day (boe/d)), through a 48/64 inch choke from 3,646 - 3,831 meters in the Jurassic formations.

A joint cased hole test was also performed for the above two intervals (3,729 - 3,967 meters) with a result of 3,743 bbl/d of 13° API oil and 618,826 scf/d (99 boe/d) gas through a 48/64 inch choke.

Following the successful result, Kalegran Ltd, MOL's fully owned subsidiary, has notified the Ministry of Natural Resources of the Kurdistan Regional Government of Iraq confirming the presumed existence of the discovery.

The planning of the formation's appraisal programme is now underway.

The results support Gulf keystone's belief that the Bijeel-1 well is the possible southern flank of the potentially significant Bekhme structure.

Ongoing exploration of the Akri-Bijeel block, including the Bekhme structure, will continue in due course.

The Weatherford 842 drilling rig will now be released to the Shaikan-2 location and begin drilling the first deep appraisal well on the Shaikan structure.
A copy of the complete MOL announcement can be found below.
Commenting on today's announcements, John Gerstenlauer, Chief Operating Officer said:
"Today's announcement by MOL brings the testing of the Bijeel-1 well to a successful conclusion and highlights the clear potential of the Akri Bijeel block, in which Gulf Keystone holds a 20% stake. In addition to this further positive exploration development, we are pleased that the Weatherford 842 drilling rig will now be able to be moved to the nearby Shaikan-2 location, as part of the ongoing Shaikan appraisal programme."

[Eulenfoerster]

Habe bei 147 GBp nochmal aufgestockt und das war wohl die absolut richtige Entscheidung.
Gulf wird ein Multi-Milliarden$ Konzern in wenigen Monaten.Denke eine Übernahme wird bei den Ressourcen von keinem Multi zu stemmen sein,da EXXON schon eine über 40Milliarde schwere Übernahme schon gebuckelt hat und andere bis auf Royal/Dutch Shell nicht in der Lage sind.

Gulf ist zweifelslos die Aktie des jetzigen Jahres und wird es in 2011 auch sein.

[Coxos]

morgen fallen die 2 GBP
dann angriff auf 3
und 4
und 5
und ...

Iraqi parties reach power-sharing deal
From: The Australian November 08, 2010 12:00AM
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IRAQ'S political rivals reached a breakthrough power-sharing deal in which Nuri al-Maliki, a Shi'ite, retains the premiership.

This agreement has been struck exactly eight months after inconclusive elections.

"An agreement was reached among the political parties in which the Prime Minister will stay on, and the Iraqiya party will choose its candidate for parliament speaker," government spokesman Ali al-Dabbagh said.

The agreement was confirmed by former premier Iyad Allawi's Sunni-backed Iraqiya bloc, which won the most seats in the March 7 legislative election but fell short of a parliamentary majority.

Mr Dabbagh said "there are still some problems to resolve but parliament will meet on Friday to choose a speaker", the first step to forming a new government.

Mr Al-Maliki and Mr Allawi are to both attend a meeting in the northern city of Arbil today for a formal ceremony to announce the agreement.



Iraqiya MP Jamal al-Butikh said the bloc had agreed to share power after it was assured that "no political decision would be made without its agreement".

"Iraqiya will go to Arbil under Allawi's leadership and because the party has been given reassurance in real power-sharing," he said.

Yesterday's announcement came after Iraqi Kurdistan's regional president, Massud Barzani, said he had invited all political groups to meet in the Kurdish capital to resolve the crisis.

Iraq's second general election since the 2003 US-led invasion ended in deadlock after none of the main parties won enough of the 325 seats in parliament to form a majority government.

Parliament has since remained in hiatus, except for a 20-minute oath-taking ceremony and another meeting at which acting speaker Fuad Massum declared an indefinite "open" session.

On October 24, Iraq's Supreme Court ordered parliament to resume, after an alliance of civil groups launched a case against Mr Massum, accusing him of violating the constitution by leaving the session open.

The constitution stipulates that a speaker, president and prime minister must be elected in that order.

The Sunni-backed Iraqiya bloc narrowly won the election with 91 seats, closely followed by Mr Maliki's State of Law Alliance with 89.

Neither had been able to muster the 163-seat majority required in the parliament, despite intense back-door negotiations with various Shi'ite, Sunni and Kurdish blocs which also picked up seats.

Mr Barzani's Kurdistan Democratic Party and Jalal Talabani's Patriotic Union of Kurdistan, which together won 43 seats, had entered into an alliance with Goran and two Kurdish Islamic parties that won six places.

The 57-seat bloc gave the alliance the muscle to decide who would form the next government, but Goran's exit has weakened their position.

But Goran, with eight seats, said last month it had pulled out of the alliance.

[Clawhammer]

Die Tabelle ist ja mal top!!!

Bin am überlegen nun doch bei GKP einzusteigen, nachdem ich vor gut 1 Jahr noch zu skeptisch war - leider.

Geht die Ralley noch ein paar Wochen weiter, bis es sich erst mal wieder beruhigt? Was glaubt Ihr?

[summer6]

Hi,
sind das sage und schreibe 2,20€ (3,10 USD)?!
Hab ich mich vertan?
Klärt mich mal auf...
Gruß

[Coxos]

neue präsentation
https://docs.google.com/viewer?url=http://www.gulfkeystone.c…


und sie läuft und läuft

[Coxos]

toller lauf

übrigens
tabelle jezz mit charts verlinkt
dafür auch noch eine

http://spreadsheets.google.com/pub?key=0AkVm_ATQLM8AdDdUdE1M…

[runn64]

hi coxos,
las mal die pupen(bananen)tanzen...

[Coxos]

wo sie den bohrer auch ansetzen
überall öl
GKP: Gulf Keystone today announces the following update for the current exploration and testing activities in the Kurdistan region of Iraq:
1. November 2010maximumprofitBearbeitenEinen Kommentar hinterlassen
Shaikan-3: The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth. Oil shows have been observed both while drilling and also in a core. The wellbore is being conditioned prior to logging the well. Subsequently, the well will be drilled to TD and a 7-inch casing string will be run, finally, the pay interval will be tested.

Extended Well Test Facilities at Shaikan-1: A total of 10 truck loads of crude from the Shaikan-1 discovery well have now been sent to different refineries and oil processing plants in Kurdistan. The results of refined product yields from these product test runs continue to be analysed, after which a domestic price will be set for the Shaikan, Sargelu crude oil.

Sheikh Adi-1: The well is currently drilling in the Cretaceous at 899 metres, measured depth. Oil shows have been encountered in a core taken in the top Cretaceous. In addition, oil shows have been seen in the surface returns whenever there have been full or even partial returns. Log evaluation also indicates high hydrocarbon saturations over a minimum gross interval of 50 metres in the first Cretaceous zone encountered. However, hole stability issues (swelling, unstable shales) preclude the possibility of a production test at this time, doing so would involve running an unplanned casing string thus jeopardising our ability to reach the primary Jurassic and Triassic targets. Plans are to drill ahead to the primary targets and leave the Cretaceous intervals for later testing.

Bijeel-1: Kalegran, a 100% subsidiary of MOL, and the operator of the Akri-Bijeel block is continuing well test operations on the Bijeel-1 discovery well. Release of the Weatherford 842 drilling rig is scheduled for mid-November at which point the rig will move to the Shaikan-2 location and begin drilling the first deep appraisal well on the Shaikan structure.

Drilling Rig Tender: The GKP bid evaluation team is currently reviewing the eleven technical and commercial bid proposals that were received in response to the Company’s tender. GKP expects to award a contract to the successful bidder during November. The selected rig will be used to drill the Shaikan-4 appraisal well.

Shaikan and Sheikh Adi 3D Seismic: Acquisition of approximately 525 square kilometres of 3D seismic data for the Shaikan block is 98% complete and data processing and evaluation have commenced. On Sheikh Adi, approximately 300 square kilometres of seismic data acquisition is 10% complete.

Commenting on today’s announcement, John Gerstenlauer, Chief Operating Officer said „We are very encouraged by the log results and oil shows seen thus far in the Sheikh Adi-1 exploration well. The well logs and oil shows in this well not only point towards significant potential in the Cretaceous but also serve to further de-risk the oil potential of at least the Jurassic age targets deeper in this well. In addition we have made significant progress in establishing a fair price for the Shaikan Sargelu crude oil in the Kurdistan market in preparation for routine domestic oil sales.“

[Coxos]

When the first Western oil explorers arrived on the dusty streets of FT London
Erbil, the Kurdish capital of northern Iraq, shortly after the 2003 war, there were many who declared that finding oil in this rugged mountain region would be a bit like shooting fish in a barrel.
The region was one of a diminishing number in the world that held huge geological promise but for political reasons had barely been touched by the oil industry. If the fish in a barrel analogy may have bordered on hyperbole, it has not turned out to be wildly inaccurate.
Of the eight wildcat exploration wells drilled in northern Iraq in 2009, half of them struck oil, a far higher success rate than in most established oil-producing regions.
And while not every company has hit the jackpot, discoveries by two UK-listed explorers — Gulf Keystone Petroleum’s giant Shaikan find and the Heritage Oil discovery at Miran West — ranked among the world’s top three finds in 2009. For lucky investors in these companies who were willing to brave the risks early, it has been quite a ride.
Now the story appears to be entering a new phase. Last week, America’s Marathon Oil became the first of the big global oil majors to enter the region. Its acquisition of four exploration blocks north of Erbil is of huge significance. For years, friction between Baghdad and the Kurdish regional government, which signed the initial exploration contracts, led the world’s top oil companies to shun the north so that they were not shut out of the auction for the even bigger prizes of the country’s south.
Marathon’s move, however, could be the opening gambit in a frenzied consolidation play. “It is a big vote of confidence,” Richard Savage, oil analyst at Mirabaud, said.
Until now, Kurdish Iraq has been the playground of the independents, the chancers and mavericks of the oil industry willing to bet that contracts they had signed with Erbil would not be torn up by Baghdad. That danger now looks increasingly remote because the support of Iraq’s five million Kurds for the new Government in Baghdad is likely to be essential if it is to form a majority.
Some kind of resolution over oil contracts between Erbil and Baghdad is probably only a matter of time — an agreement that would pave the way for the start of exports.
Meanwhile, with other industry giants such as Chevron, Eni and Statoil all thought to be waiting in the wings, a string of deals could be in the offing as they scramble to gain a foothold.
For investors, it is a question of picking the best of the bunch.

Many of the companies with acreage in Kurdish Iraq are privately held or listed overseas, but among the three London-listed groups Gulf Keystone stands out as a clear favourite. Its discovery of up to three billion barrels of crude at Shaikan was made in a higher-quality reservoir than many its rivals — a fact recognised by the City last Monday, when a £109 million offering of 78 million new shares was oversubscribed.
Gulf Keystone, whose share price was languishing at just over 10p a year and a half ago, now stands at over 153p, which values the company at a cool £1 billion.
Cash from its share offering will be used to accelerate its drilling programme.
Although shares in Gulf Keystone no longer look cheap, the company is an obvious takeover candidate and it is worth noting that Marathon’s newly acquired Atrush block is located immediately north and adjacent to Shaikan, making it a tempting snack for the American group if it decides to bolster its presence in the area.
Of course, not all of the companies have been as fortunate. Shares in Sterling Energy, another UK-listed group, halved last month to 67½p after disappointing results from its Sangaw North well. All is not lost for Sterling, whose drilling programme is still under way, but the chances of a Shaikan-style discovery appear remote.
Meanwhile, Heritage Oil, the exploration company originally founded by the former mercenary Tony Buckingham, has stirred excitement with its 2009 find at Miran. Heritage has plenty of cash and plans to use some of it to boost its Iraqi presence.
Yet while there is little doubt over its size, there are concerns about the quality of the Miran reservoir, where the carbonate rock is less porous than at Shaikan. Instead, the oil is trapped in fractures between the rocks, raising questions about the ease with which it can be extracted.
Meanwhile, Heritage has other issues to contend with, not least of which is a tax dispute with the Ugandan Government over the proceeds from the sale of its stake in an earlier discovery there.
There is a silver lining to this. Heritage’s assets in Kurdish Iraq are being valued at a significantly lower level than Gulf Keystone’s. The company is trading at a 24 per cent discount to its net asset value, which is attractive relative to the sector trading at a 9 per cent discount.
For investors, northern Iraq is no place for the faint-hearted, but there are signs that conditions are improving — and the potential rewards are difficult to ignore.