Gulf Keystone Irak-Ölperle Deutschland schläft (Seite 86)

[butcherfriend]

Dürfte bald ne saftige Übernahmeschlacht geben

[ikarusfly]

Exxon moves on Kurdistan despite Baghdad threat
25 Jan 2012 - 13:32
* Scouts for housing, office space; considers seismic tender
* France's Total may be next to follow Exxon into Kurdistan
* Acquisitions, relinquishment, consolidation expected
By Jon Hemming

ARBIL, Iraq, Jan 25 (Reuters) - Exxon Mobil <XOM.N>, the first oil major to move into Iraqi Kurdistan, is quietly mobilising in Arbil despite strenuous objections from the central government.
Since the bold play came to light in November, the company has kept silent - fueling speculation that it froze the deal and bowed to Baghdad, which has long held that all foreign oil deals signed with the Kurdistan Regional Government (KRG) are illegal.
But Kurdish officials insist that investment is going ahead and movement on the ground supports their claims.
"They (Exxon) are definitely here and they are definitely assessing living and working accommodation," said a Western industry source in Arbil, at the heart of Iraq's northern Kurdish region. [ID:nL5E7KM3FA][ID:nL5E7MM49Y]
"There are around 10 individuals here at any one time looking at what it takes to fully mobilise here - office space, housing space, these types of things. No oil company comes in in a day."
Exxon executives met the region's Natural Resources Minister Ashti Hawrami last week, sources in Arbil said, and are preparing to issue a tender for seismic work for some, if not all, of the six exploration blocks acquired in October. [ID:nL5E7MB0YP]
The move north sparked fury in Baghdad, which is threatening to take action against Exxon - in charge of developing the supergiant West Qurna-1 oil field in southern Iraq. Exxon has been summoned to the oil ministry for final talks.
It is unclear whether the discussions would take place before the U.S. major's fourth quarter results on Jan. 31 - when it is also expected to go public with its Kurdistan investment.
In the meantime, however, it is business as usual - production at West Qurna-1 has risen to about 390,000 barrels per day and Exxon continues to lead a multi-billion dollar water injection project that is crucial to boosting output in the south.
CONSOLIDATION
Before signing the deal with Kurdistan, Exxon was sure to have weighed any possible legal challenges.
"I'm sure Exxon has more lawyers than probably there are Ministry of Oil officials in Baghdad," said the industry source.
Such calculations are likely to influence other oil majors who may be considering moving into Kurdistan, and the lack of concrete action from Baghdad as yet is sure to reinforce the belief that it could prove a sound investment.
The KRG's Hawrami told Reuters this month the KRG was in talks with other oil majors and he expected further agreements to be signed in the next few months.
Lack of security, political instability, bureaucracy and the relatively unattractive oil deals in the rest of Iraq are driving international oil majors towards following Exxon's lead and signing exploration and production contracts with Kurdistan.
After Exxon snapped up the last unclaimed Kurdish territory, new arrivals will be looking to farm into existing blocs. France's Total <TOTF.PA> is keen to move into the north, sources said, and a link up with Anglo-French explorer Perenco in the Sindi-Amedi block along the Turkish border is one scenario.
Total also has a minority stake in the Halfaya oil field in southern Iraq.
Other names frequently mentioned are Eni <ENI.MI> and Lukoil - that are also involved in the south of Iraq. Chevron <CVX.N> and Conoco Phillips <COP.N>, which have nothing at stake, may also be interested, said the Western industry source.
"Ashti Hawrami was very clever in the way he set up the oil industry here, starting with small companies to get things off the ground," said an Western oil executive who declined to be named. "It was almost designed to lure in the oil majors, and that is what we are seeing now."
With the KRG estimating it has 45 billion barrels of oil

einer kommt selten allein

[Earthfire]

Zitat von ikarusfly: niemals......die 2,80 hürde steht bombemfest. jeder ausbruch wird sofort im keim erstickt. trotz guter rns heute unter 2,80. rechne erst 27.01. mit einem nachhaltigen überschreiten dieser marke.

Hallo , sehe ich auch so mit den 280 pc.........leider.

[ikarusfly]

Antwort auf Beitrag Nr.: 42.631.767 von butcherfriend am 23.01.12 11:28:34

cj chicago jack

If only you knew what certain events have cost shareholders? Some times you need to bring Board of Directors and CEO back under the control of their shareholders, they are answerable to shareholders. Tthey have rewarded themselves with shares and share options time and time again, while diluting shareholders with arrangements and deals.Just because the company have found large amounts of Oil, it does not mean they can take what they want at shareholders expense. Drilling in Kurdistan, does not ever excuse good tight corperate governace of the company,




Shareholders have ben turned over a few times, and may be will again if shareholders dont stand up and be counted. Its all very well posting positives on the BB, but I would say most need to wake up quickly, or they will not see the fair value they should.

Ever thought about letting the board know you dont agree with rewarding themselves shares and share options when shareholders were and are being diluted.

CJ

[ikarusfly]

Antwort auf Beitrag Nr.: 42.631.767 von butcherfriend am 23.01.12 11:28:34

niemals......die 2,80 hürde steht bombemfest. jeder ausbruch wird sofort im keim erstickt. trotz guter rns heute unter 2,80. rechne erst 27.01. mit einem nachhaltigen überschreiten dieser marke.

[butcherfriend]

Minikonso scheinbar schon beendet-An der LSE schon über 3 Mio gehandelt bei steigenden Kursen und Umsätzen-schön zu beobachten. SK heute m.M. nach über 3 Gbp.

[ikarusfly]

Cutting thru the ramping, de-ramping, RNS bull, chart bull, etc... i still think we have 2 more distinct highs before we can even start to think about any potential retraces.

Also i am not ruling out an early TAKEOVER although i really hope that the takeover comes next year rather than this year as i feel we will be at £20 - £30 plus, rather than £12 - £14 plus.

My thoughts are this

- 3 or 4 clear tests of £3 before we even consider a retrace to 265p - 250p

- I would not be suprised if we break thru £3 and hit £4 within 1 - 2 months.

- I see the global powers that be are squeezing Iran and i think this can only be good for KRG/GKP oil.

- The recent tactical retreat from Iraq, is a chance for Iraq to get its own act together and i hope it does, but regardless GKP (backed by the KRG), is much much BIGGER than people realise and trying to read the charts based on historic trading analysis, could mean day traders will miss out on the biggest £/percentage takeover gain ever in the history of stocks and shares.

This share is one for the Warren Buffet traders, just keep accumulating and you are eventually buying oil and a big cash payout.

I now see the GKP risk at any SP below £8 as ZERO risk, but naturally it could be a long term trade if the politics gets dragged out.

I'm just guessing though.

GL

[ikarusfly]

morgen .....warst schneller

[Coxos]

"Initial results of the Shaikan-4 well testing programme are very encouraging with logging results indicating that Shaikan-4 may be the best well which Gulf Keystone has logged to date in the Kurdistan Region of Iraq."



23 January 2012

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Kurdistan Operational Update

Gulf Keystone today provides an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of 10.5 billion barrels.

Shaikan-4 Appraisal Well

The well testing programme for the Shaikan-4 appraisal well, drilled 6 km to the west of the Shaikan-1 discovery well, is ongoing with two well tests in the Triassic having been completed to date. Five further tests are planned in the Jurassic and Triassic.

In the course of the first well test conducted in the Kurre Chine C formation, Shaikan-4 achieved a flow rate of 563 barrels of oil per day (bopd) and 3.65 mmscf/d of gas at a 328 psi flowing wellhead pressure.

In the course of the second well test, Shaikan-4 tested a thin zone at the bottom of the Kurre Chine B formation achieving a flow rate of 4,970 bopd and 7.0 mmscf/d of gas at a 1,101 psi flowing wellhead pressure with initial results indicating a 39 degree API fluid.

Shaikan-5 Appraisal Well

The Shaikan-5 appraisal well, 6 km to the north-east of the Shaikan-2 appraisal well, is currently drilling at a measured depth of 1,571 metres in the lower Cretaceous to the estimated total depth ("TD") of 3,500 metres subject to technical conditions.

Shaikan-6 Appraisal Well

The Shaikan-6 appraisal well, 9 km to the east of the Shaikan-2 appraisal well, has drilled to a measured depth of 844 metres in the Cretaceous and 20" casing has been set. The well will drill to the estimated TD of 3,800 metres subject to technical conditions.

Aqra-1 Appraisal Well Spudding

On 17 January 2012, the Operator of the Akri-Bijeel block spudded Aqra-1, the first appraisal well to assess the Bijell discovery with the Operator's current P50 estimate of 2.4 billion barrels of oil in place. The well is being drilled 8 km to the north-west of the Bijell--1 discovery welland 26 km to the west-northwest of the Bekhme-1 exploration well to an estimated TD of over 4,700 metres in the Triassic subject to technical conditions.

According to the Operator's Akri-Bijeel block operational update and 2012 outlook dated 28 December 2011, the Aqra-1 appraisal well, which is expected to be tested in H2 2012, will be followed in 2012 by two exploration wells (Bakrman-1 and Gulak-1) and three additional appraisal wells (Bijell-2, Qalati-1 and Qandagul-1), as well as by two further appraisal wells in 2013. In addition, an extended well test is planned for the Bijell-1 discovery well in 2012, similar to the ongoing successful Shaikan-1 & 3 extended well test.

Gulf Keystone has a 20 per cent working interest in the Akri-Bijeel block operated by Kalegran Ltd., a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc., which holds 80 per cent working interest in the block. Operator's P50 resource estimate for the Akri-Bijeel block is 2.4 billion barrels of oil-in-place.

Ber Bahr-1 Exploration Well

The first exploration well on the Ber Bahr block is drilling at a measured depth of 2,778 metres in the Triassic to the estimated TD of 3,000 metres subject to technical conditions.

Gulf Keystone has a 40 per cent working interest in the Ber Bahr block operated by Genel Energy, which holds a 40 per cent working interest in the block. The Kurdistan Regional Government has a 20 per cent carried interest in the Ber Bahr Production Sharing Contract. The Operator's resource estimate for the Ber Bahr block is 1.5 billion barrels of oil equivalent-initially-in-place.

John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented:

"Initial results of the Shaikan-4 well testing programme are very encouraging with logging results indicating that Shaikan-4 may be the best well which Gulf Keystone has logged to date in the Kurdistan Region of Iraq. We look forward to adding to our already outstanding drilling success in the region by completing further Shaikan-4 well tests, which will be followed by more results from the Shaikan-5 and Shaikan-6 appraisal wells before the appraisal programme of the Shaikan world-class discovery is completed. Initial results from the Ber Bahr-1 exploration well and progress in the 2012 wide-ranging exploration, appraisal and early development programme of the Akri-Bijeel block are also highly anticipated."

[Coxos]

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