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.

Could be a very good move by GKP board. They have shed their mysterious partner which the city boys did not approve of and they have sold Algerian assets so money coming into the pot. This clears the decks for a T/Over or a new buy in partner--Hunt oil or MOL for instance. It won't be long before the jungle drums start up!! imo**

Business Financial Newswire
"Gulf Keystone Petroleum has raised 16m through the placing of 20,915,034 new common shares at 76.5p apiece with existing and new institutional shareholders.

The proceeds will be used towards funding its ongoing activities in the Kurdistan region of Iraq and the company says it continues to review further sources of funding to meet its ongoing capital requirements.

Gulf Keystone plans to start the acquisition of 3D seismic over the Shaikan structure during the first quarter of 2010.

The work will be conducted by Terraseis.

It said the acquisition of 3D seismic over the Sheikh Adi structure was planned in the event of a successful Sheikh Adi exploration well and following on from the seismic programme on Shaikan."

HOIL is down...this is breaking out....one taking over the other ?.

hoil full of money to spend, and kurds fields are thier eye in gead so the idea seem plausible

This is starting to look like a bargain.....remember the 120p plus days...now just hovering above 70p.....forgotten about the shaikan well have we ?.

This going to be ripe for a takeover if the sp remains low like this...

only if someone wants to buy it
i am out of these, probably at a loss, but i reckon XEL is a better bet than here at the moment ..... and CHAR continues to astound me

In GKP and XEL....but not CHAR...

From newspaper tips,

DAILY EXPRESS

Gulf Keystone Petroleum boosted by Hunt Oil bid talk

cyril

that was 2/3 days ago by the way

GKP..is the one for me.

and while you have all been mesmerised by RKH and similar, GKP has made a charge up the rails on double normal volume - more still by the close
nothing out on bloomberg or reuters, but i just wonder if this is the long-awaited bid

A bid at 110p cynic.

no idea
where did your price come from, or was it just "finger in the air", so to speak?

a guess.

Does anyone know what's happening - GKP up 16%, HOIL up 5.9%, and SEY up 1.9% on small volume ?
Perhaps there will be / or is, some news somewhere ?

hoil is on the back of imminent approval of their sale by ugandan gov't
gkp - see above
sey - why on earth would you be excited by a rise of 1.9%???

seemingly nothing like as exciting as we hoped .....

Shares in Gulf Keystone rise 18 percent, making the oil explorer one of London's top risers, on positive sentiment after Iraq approves a Kurdish oil exports deal which could allow oil exports to resume from the semi-autonomous region.
"The agreement shouldn't really do much to Gulf Keystone because they don't plan on exporting this year but it would help to derisk the country," says Richard Nolan at Daniel Stewart.

Analysts also believe the prospect of fundraising is helping to boost shares.
"These guys have to be talking to people," Nolan says, noting that the company needs to raise around $100 million to cover the costs of future drilling.

Thanks cynic where did you read this from ? Which website ?
I check Kurdistan R Gov. web site regularly, but nothing is mentioned there
I am pleased to see SEY up 1.9% and am not yet too old to "get excited".
But as you say it does take more than 1.9% to get excited, now that I am 65. When I was 21 however I would usually get excited at 36 23 36 %

it's from Reuters which i pick up from my IG site
wow! you're even a tad older than me; i thought all other dinosaurs were extinct