GKP BBBS 26 Nov ' New OIP RNS '

Remember that ceremony? You know, the one where Adnan Samarrai (GKP Country Manager, Kurdistan) said ".. and the total inventory of the area Samarrai said the stock is so massive and beyond expectations and we can not give the figures", (refer last sentence):

http://translate.google.com/translate?hl=en&sl=ar&u=http://www.lalishduhok.org/modules.php%3Fname%3DNews%26file%3Darticle%26sid%3D9325&ei=VMHqSshw1raMB_Ps-KgN&sa=X&oi=translate&ct=result&resnum=6&ved=0CB8Q7gEwBQ&prev=/search%3Fq%3D%2522%25D8%25B4%25D8%25B1%25D9%2583%25D8%25A9%2B%25D8%25A7%25D9%2584%25D8%25AD%25D9%2581%25D8%25B1%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%25D8%25A9%2522%26hl%3Den%26rls%3Dcom.microsoft:en-gb:IE-SearchBox%26rlz%3D1I7SMSN_en%26tbo%3D1%26tbs%3Dqdr:w

Well, Samarrai's preceding remarks about 10,000 BOPD and 30,000 BOPD sounds an awful lot like an RNS I read recently too. How about that, this guy seems to be a bit of a clairvoyant with regard to predicting an RNS that 'can not give figures' for OIP but can mention flow rates.Do you think there was anything else in that ceremony report that may be relevant?

How about the title - "Opening of the largest oil field in Iraq .." perhaps qualified in the first sentence by "since 1976".Well, the Majnoon Field, discovered in 1977, has 12 BBLS, (refer Table 1):http://www.searchanddiscovery.net/documents/gong03/images/gong03.pdf
Could Shaikan be larger than Majnoon? For me, it would seem hard to believe that the Shaikan anticline alone could contain this much. But if there is spill and connectivity between Shaikan and Sheik Adi and Sariyah, as put forward as a POSSIBILITY in a previous post:http://www.iii.co.uk/investment/detail?code=cotn%3AGKP.L&display=discussion&action=detail&id=5557385
then my expection would be - why not more than 8 BBS.Why do I bring up this 'old' stuff again? Because it fits in with a post by Gavxfm at 08:43 this morning where he stated that:"I sent an email to GKP yesterday and asked them specifically where the OIP was and would it be announced on the 1st the answer was:We are currently evaluating the data and will announce an updated figure for oil in place in due course. Given the geology of the Triassic formations, it may require the results of 3D seismic."The only reason I can think of for needing the results of 3D seismic to update OIP is if that OIP occupies MORE THAN just the Shaikan anticline. Why? Because they had no problems in estimating OIP for the Triassic in Shaikan from their existing 2D seismic before they started drilling. What has changed apart from getting actual well data since then? Nothing else I can think of - other than perhaps a greater sense of perspective.OIP that is "so massive and beyond expectations and we can not give the figures" and "may require the results of 3D seismic".

I can wait. I will wait.BBBS