Gulf Keystone Petroleum (GKP) has released an updated CPR on its assets, with the resources of its Shaikan, Sheikh Adi and Ber Bahr assets all seeing revisions. Headlines of a more than doubling of the 2P reserves base demonstrate increased confidence in the quality of the Shaikan asset following strong operational performance. Importantly, the reservoir mechanism is now believed to be gas cap driven (rather than through global aquifer support), which will mean revisions to the development pl
07 Oct 2015
Updated CPR sees 2P reserves more than double
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Updated CPR sees 2P reserves more than double
Gulf Keystone Petroleum Limited (GKP:LON) | 108 -2.7 (-2.3%) | Mkt Cap: 240.9m
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07 Oct 2015 - Author:
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Gulf Keystone Petroleum (GKP) has released an updated CPR on its assets, with the resources of its Shaikan, Sheikh Adi and Ber Bahr assets all seeing revisions. Headlines of a more than doubling of the 2P reserves base demonstrate increased confidence in the quality of the Shaikan asset following strong operational performance. Importantly, the reservoir mechanism is now believed to be gas cap driven (rather than through global aquifer support), which will mean revisions to the development pl