Triassic CPR modelled on basis of Triassic dry gas cap with thin oil rim. New data acquired since CPR suggests a much larger liquid component. Fluid type in KCB reservoir determined as gas condensate vs. dry gas.
Two export routes: trucking and pipeline (currently 100%)
Assume Ceyhan netted back price at Shaikan based on Brent less quality discount for Kirkuk blend, less pipeline, throughput, and trucking costs
My bet is RNS before today and lunch tomorrow hence the team have something juicy to talk about over lunch
Payment info on Monday after KRG pay locals. This is going to close 35 or more
Small vol?it is a ture rise or just another false rise?
Small vol? it is a ture rise or just another false rise?
Next action with GKP will be in 3-5 days when we get paid
Is this going to be super September for GKP? GKP positive points for September: 1.) KRG has bookmarked $75-100mill for payment to oil companies – Source KRG website 2.) KRG has said not once, but twice it will start payments to oil companies from September and expect the first payment to be before 15th September – 3.) Gulf Keystone can “satisfy all its obligations to both its contractors and creditors” after authorities in Kurdistan, where the company operates, committed to making monthly payments from September Source CFO Sami Zouari 4.) New CRP due in the next few weeks – Source GKP 5.) Oil Price increase from baseline of $40/b to $52(ish) 6.) US output less 300K from previous numbers 7.) Unrest issues south of Iraq looks to reduce the amount of oil exported from that region 8.) OPEC expressed concern on Monday about oil's price drop and said the group is ready to talk to other producers about it.' Source Reuters GKP negative points for September: 1.) China – Nothing more to say – Source general news outlets 2.) Price of oil drops back to $40(ish) – Source general new outlets 3.) Between now and 15th the money due to companies disappears due to misplacement (corruption) etc within the KRGc government Please feel free to add points to either positives negatives