http://www.gulfkeystone.com/ The firms exploration programme in Algeria is going well and "the shares look good value", say the Investors Chronicle. Your comments please. goal.

From FT today:
"The OOIP range for the Shaikan structure is substantially increased. P90-P10 range goes from 1.0-5.0 bn bbls to 1.9-7.4bn bbls with Pmean standing at 4.2 bn bbls. This evaluation covers data from the Cretaceous, Jurassic and Triassic and was performed by Dynamic Global Advisors. Expect the share price to soar this morning. However, we would caution investors regarding upcoming dilution. Cash on hand stands at $25m, and financial requirement for the remainder of 2009 is estimated at $16m. However, $15.6m of cash is restricted in Algeria, so there appears to be a funding shortfall for year to come. Bottom line: if you want to play the Kurdistan drill bit, BUY HOIL for the Miran West-2 and Miran East-1. Use GKP as a source fund. SELL GKP"

EDIT: Above from FT/Alphaville blog. Apologies, although I think in this case it was written by a FT journalist who watches the small oil exploration Co's. I only post journalist or broker notes from the FT site, not comments from the public.

Harry .... please make clear to others that FT = FTBB rather than the pink paper .... or at least i assume your note is from the BB

GKP is a sell with dilution taking place

Just to add to the confusion I found this: 14-Jan-10 Fox-Davies Capital, Buy 100.75p 200.00p - Reiteration.

Don't trust these small capital investment companies...
I was duped once by SVS Securities.
Beware!

you're right, but i still think is one of the better minnows + AFR which is now rather larger of course

btw, gpx has been performing very nicely of late too

I just can't believe you were 'duped' hlyeo ;)

C'est la vie.

On second thoughts, it was probably pretty easy!

Yeah, of course...I'm very gullible.

hyleo98, I too was once duped by SVS securities. Would be interested in your experience. I could probably make a more than fair negligence case against them but doubt I would get anywhere with it in the real world

I can't now give full story as my free trial has finished but heres the head lines:

KRG sets guidelines for turning oil taps back on
By Ben Lando of Iraq Oil Report
Published January 19, 2010
Iraq's Kurdistan Regional Government, long at odds with Baghdad over the right to sign oil contracts, has agreed to restart its modest but promising oil exports if the federal government agrees to compensate the foreign oil companies operating the fields.

KRG Natural Resources Minister Ashti Hawrami said in a statement Monday it is "ready to immediately restart the process of oil exports from the Kurdistan Regions fields at a rate of no less than 100,000 barrels per day."

that what i read today
if you are such a big, knowledgeable investor you should read FT!!!
i have no link. it was in todays ft from memory page 19, tlw and hoil whole big page. also in back page in companies section where they summerize news. thats why i switched to page 19. like i wrote before and i quote" kurd gov and iraq gov have reached an agreement on revenue from oil" hence i rushed home to check closing price for gkp, thinking it would closed higher, but not yet.

Think you need to go and lie down in a dark room....BB

the news via the splenetic-one is not nearly as dramatic as implied ..... however, a breach in the dyke will start with just a few drips

Cynic-what a splendid adjective! It's such a pity the use of such words are fast disappearing--also peevish--I love our language. News on the other side of a South Korean co with 6 billion plus to spend is shopping in Kurdistan for oil---hope it's GKP!!

miffed is certainly one i love .... very 30's but almost onomatopoeic

.

Don't think miffed comes under that catagory, unlike sizzle, or cookoo......

.