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.

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Above: red line EMA50 & green line EMA200 Regards goal.

Gulf Keystone in takeover talks with indicative offer price of 78 pence a share
AFX


LONDON (AFX) - Gulf Keystone Petroleum Ltd said it is in talks to sell the company with an indicative offer price of 78 pence a share.

The company said it has reviewed the offer price and other key terms of the transaction, but that it is not certain a final agreement will be reached and an offer made.

The completion of any transaction will be subject to the approval of the relevant Algerian authorities, the company said.



newsdesk@afxnews.com

You've stuck with it goal, so I hope they pay you more than that!

You've stuck with it goal, so I hope they pay you more than that!

Thanks Greyhound.

I wonder why we have dropped from this weeks high (75p to 70p today) when we are having Takeover talks & crude oil back around 60 Dollars a barrel ?

Moving up with the oil price I would think.

RAK Petroleum makes 208 mln stg recommended bid for Gulf Keystone Petroleum
AFX


LONDON (Thomson Financial) - Gulf Keystone Petroleum Ltd said it has received a 208 mln stg recommended cash offer for the company from RAK Petroleum, an unlisted public company incorporated in the Ras Al Khaimah Free Zone.

The offer, at 74 pence per share, is lower than the 78 pence offer Gulf Keystone indicated it was in discussions over in February.

The price is a 17.5 pct premium to the average month closing price prior to the announcement in February that the company was in takeover talks, Gulf Keystone said.

The deal, subject to Gulf Keystone shareholder and Algerian authority approval, will be effected through an amalgamation of the company with RAK Bermuda, an RAK subsidiary.



kathy.sandler@thomson.com

ks

BLOCK 129 - HEK-3 WELL TEST UPDATE


Gulf Keystone Petroleum Limited, an independent oil and gas exploration company
operating in the Republic of Algeria, in partnership with SONATRACH, today
issues the following update on the HEK-3 well in Block 129 (Djebel Bottena).


Well test operation and results


On 7th April 2007 Gulf Keystone commenced workover operations on well HEK-3, an
oil and gas discovery well drilled by SONATRACH in 2004. At that time, the well
was tested over the Cretaceous, Coniacian limestone interval and achieved, post
acidisation, flow of 184 barrels of oil over a 4 hour period, prior to the well
being suspended. Gulf Keystone re-entered the well and tested the same zone,
over the measured interval 2,439 to 2,446 metres, employing an acid fracturing
technique to improve connectivity between the reservoir and the wellbore. After
cleaning up the well, a stabilised flow rate of 1,040 barrels per day of 31
degrees API oil was achieved through a 32/64 inch choke. The well was flowed
through a separator for a total of 4.5 days and over 3,500 barrels of oil were
produced during this period. The crude contained little entrained gas and has an
estimated gas/oil ratio of 93 scf/bbl. The well is presently suspended with a
pressure gauge in the hole. This will be retrieved in 3-4 weeks to obtain the
pressure data.


A large amount of good quality engineering data was collected during the test
programme which, combined with the produced volume of oil and the long flow and
shut in periods, will provide valuable data for reservoir evaluation and field
development study purposes. Production optimisation studies will be carried out
to analyse options for further increasing well productivity with a view to the
possible early development of this discovery, subject to necessary consents. In
this regard, consideration will be given to pump and/or gas lift options to
further improve both the rate and delivery pressure of the well.


The information contained in this release has been reviewed and approved by Mr
Peter Dempsey (B,Sc, M.Sc), VP Engineering for Gulf Keystone, who has 24 years
experience as a petroleum / reservoir engineer in the oil industry.


Bill Guest, President of Gulf Keystone said:


'We are very pleased to have successfully re-entered well HEK-3 and achieved
what we believe to be a commercial rate of oil production. The successful use of
acid fracturing technology on this well, to optimise production performance from
this complex reservoir, provides us encouragement to consider a wider use of
this technology within the HEK area and also within our northern licence areas
(Ferkane and Ben Guecha blocks).

High volume today, usually no smoke without fire. Regards goal.

Gulf Keystone teams up with MOL to develop Iraqi oil fields UPDATE
AFX


(Adds details)

LONDON (Thomson Financial) - Gulf Keystone Petroleum Ltd and MOL Hungarian Oil and Gas PLC have signed a production sharing contract with the Kurdistan regional government to explore and develop the Shaikan oil field in northern Iraq.

MOL will pursue the project through unit, Kalegran Ltd, which will hold a 20 pct interest. Gulf Keystone will lead the project with a 75 pct stake, while US-based Texas Keystone Inc will hold the remaining 5 pct, Gulf Keystone said in a statement.

The Shaikan block is situated 85 kilometres north-west of Erbil and covers an area of 283 square kms.

Gulf Keystone will also get a 20 pct stake in the MOL-operated Akri-Bijeet block, adjacent to the Shaikan field. It will invest 53 mln usd in both blocks over the next three years, majority of which is expected to be incurred over the next six months.

Both contracts have a duration of 25 years, and an initial three-year exploration phase.

'The Shaikan structure appears to cover a significant portion of the block, and the possibility exists for multiple reservoir targets as is common in many fields across Iraq,' said David Mackertich, Gulf Keystone's executive vice-president for exploration.

The company plans to acquire the seismic data for Shaikan within the first half of 2008 and drill the first well later in the year.

Todd Kozel, chairman and chief executive of Gulf Keystone, is one of Texas Keystone's main shareholders.
Gulf Keystone is moving up today on the back of this news.

Gulf Keystone says drilling to start in Algerian gas field
AFX


LONDON (Thomson Financial) - Gulf Keystone Petroleum Ltd said drilling at the Hassi Ba Hammou gas field, operated by BG Group PLC, in Algeria will start in the next few days.

The first well, known as HBH-4, will be the first of a six-well programme. It will evaluate the extent of the field and continuity of the gas accumulation, it said.

\'It is anticipated that this well will spud during mid-December 2007 once commissioning and acceptance of the rig is completed,\' the company said.

The Hassi Ba Hamou gas field was discovered by Sonatrach in 1965 and confirmed by a third well, known as HBH-3, in January 2005.

\'Early interpretation of both the 2D and 3D seismic data, over the Hassi Ba Hamou permit and the Hassi Ba Hamou gas discovery, has revealed a number of promising leads and we are excited to be commencing drilling with the first of a six-well programme due to spud imminently,\' said Todd Kozel, Gulf Keystone\'s chairman and chief executive.

Gulf Keystone owns a 38.25 pct stake in the project, while BG holds 36.75 pct and Sonatrach 25 pct.

monicca.egoy@thomson.com

10 January 2008



GULF KEYSTONE PETROLEUM LIMITED



('GULF KEYSTONE' OR THE 'COMPANY')



ALNAFT APPROVES GKN & GKS DEVELOPMENT PLAN





SONATRACH (Algeria's national oil company) and partner Gulf Keystone Petroleum
Ltd (AIM: GKP) are pleased to announce the approval by ALNAFT (the Hydrocarbon
National Agency), of the proposed Development Plan for the GKN and GKS oil
fields (60% Working Interest, 30% Net Revenue Entitlement) located in North
Algeria, South East Constantine basin, Block 126a.



On 25 June 2007, prior to receiving ALNAFT'S approval, the SONATRACH / Gulf
Keystone joint Management Committee for the 126a block unanimously approved the
declaration of commerciality for the GKN and GKS fields.



SONATRACH and Gulf Keystone will work together to manage this field development.
The field Development Plan envisages producing oil from the GKN-1 well
(currently producing at approximately 1,200 bopd gross) and bringing the GKS-2
well on stream as soon as practicable.



As part of the Development Plan, SONATRACH and Gulf Keystone intend to build a
pipeline to connect GKS-2 to the existing evacuation pipeline so that this well
can begin production. The GKS-2 well produced at a rate equivalent to 4,586
bopd and 4.61 mmcfgd when it was tested in 2005. The two fields will then be
developed in a staged process through the acquisition of a 3-D seismic survey
and a development drilling programme jointly conducted by SONATRACH and Gulf
Keystone.



The plateau production rate is expected to be c3,000 gross bopd which is
presently constrained by available facilities.



The GKN-GKS oil field is presently the only partnership project in development
phase in northern Algeria.



Christopher Garrett, the Company's Vice President of Operations, who has over 29
years relevant experience within the sector and who has been involved with this
project for over 4 years and meets the criteria of a qualified person under the
AIM guidance note for mining, oil and gas companies, has reviewed and approved
the technical information contained in this announcement.



Todd Kozel, Executive Chairman and Chief Executive of Gulf Keystone said:



'The Declaration of Commerciality by SONATRACH in June of last year and today's
announcement of Approval by ALNAFT of the GKN and GKS field Development Plan are
significant milestones for Gulf Keystone. Gaining a share of production
revenues from the GKN and GKS fields, Gulf Keystone's first, evolves and
balances Gulf Keystone's asset base by adding production to an already exciting
Algerian exploration portfolio.



'We look forward to working with SONATRACH to jointly develop and produce the
GKN and GKS fields.'

RPT Gulf Keystone, Sonatrach, BG say test of Algerian HBH-4 well successful
AFX
(repeating to amend spelling of Sonatrach)

LONDON (Thomson Financial) - Gulf Keystone Petroleum Ltd, Sonatrach and BG Group said drilling on the HBH-4 appraisal well on the Hassi Ba Hamou gas field in Algeria has been completed and the well tested.

The companies said this is the first well in a series of six that will be drilled back to back on the Hassi Ba Hamou permit.

Gulf Keystone executive chairman Todd Kozel said 'the HBH-4 appraisal well was completed on schedule and to budget, with the test data and flow rate in-line with its expectations'.

'This gives us valuable information on the resource potential of the permit and encouragement as we move onto the first exploration well on the HBH permit,' Kozel added.

Gulf Keystone owns a 38.25 pct stake in the project, while BG Group holds 36.75 pct and Sonatrach 25 pct

The one to buy here is BG., exposure to Oil and Gas worldwide, It could catch Shell and BP, (don't forget the brazilian discoveries)(and I don't mean the 2010 team) !

required field, I don't agree, BG has an impressive chart patten but GKP is the better value. I cant see BG triple its share price, I think GKP can, although they are the riskier of the two. Please dyor.

Possibly Goal, but look at BG. today, it is going great guns while GKP is static !

LONDON (Thomson Financial) - Gulf Keystone Petroleum Ltd, Sonatrach and BG Group said the HBHN-1 exploration well on the Hassi Ba Hamou gas field in Algeria was spudded on Feb 21, and drilling at this second well has started.

Gulf Keystone said three appraisal and three exploration wells are to be drilled back to back in the first exploration phase of the licence which expires in September 2008.

Gulf Keystone owns a 38.25 pct stake in the project, while BG Group holds 36.75 pct and Sonatrach 25 pct.



TFN.newsdesk@thomson.com

LONDON (Thomson Financial) - Gulf Keystone Petroleum Ltd said it has started seismic acquisition in the Shaikan block of Kurdistan.

The seismic programme, which began on March 2, consists of a minimum of 159 km of 2D seismic to be acquired using a combination of vibrator and dynamite sources, the company said.

The programme is scheduled to last for 60 days and could be extended to a total of 206 km if more data is required, it added.