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.

Hopeless chart. Can't see any support anywhere.

I brought some of this shite around 75p levels - I really wish I did not now.

Hopefully that will change.

Patience.....this used to be 120p.....so bargain levels now......screaming sell at 67p ?....hardly.....

Trend is not healthy looking though...

Sell....sell....selll....screaming....sell....oh ! giggly giggles all round....

StockMarketWire.com
"Gulf Keystone Petroleum is to carry out additional testing on the Shaikan-1 discovery well in the Kurdistan region of northern Iraq.

Gulf Keystone says it will carry out the following work programme:

Zone three: Re-test the Butmah (lower Jurassic) formation, from 1,783 metres to 1,814 metres depth in the well.

Zone two: Re-test the Mus (upper Jurassic) formation, from 1,627 metres to 1,667 metres.

Zone one: Complete the well for long term production testing (18 to 24 months) in the original discovery zone, the Sargelu (upper Jurassic, 1,450 metres to 1,510 metres).

Drill an appraisal well through the Cretaceous intervals, 50 metres to the east of the existing Shaikan-1 well. "

But its all bull unless they sort out the bloody licenses.

If they cannot sort out the licenses before too many new moons then they are going to be in deep crap.

I really regret buying this at just over 75p now ! Hopefully things will turn around before October.

Pros

I thought you were saying on the rkh thread that the trouble with people is when they have a loss they never cut their losses and sell but simply say 'Wait for the recovery'

Um, pot, kettle and black?

dealerdear, not me.

I say that to people who promote "taking profits" but then fail to "cut losers".

If this gets to 20% down, I will likely sell it and cut the loser. Its not there yet, so no need to cut as yet.

3. Zone one: Complete the well for long term production testing (18 to 24 months) in the original discovery zone, the Sargelu (upper Jurassic, 1,450 metres to 1,510 metres). This zone has a higher GOR, in the range of 120 cubic feet of gas per barrel of oil, and demonstrated natural flow rates of almost 7,500 bopd, despite the limitations of the original test equipment. It is the current intention that this production will be processed, through the facilities currently being constructed, and sold.
AND SOLD
AM I MISSING SOMETHING HERE OR IS THIS GOOD NEWS

Yes, but if you go by the above poster...nothing is any good at all except Rockhopper.....ridiculous at times....this looks promising to me....

that's not quite fair or accurate even if he does drivel on a bit about RKH ..... perhaps he's o'weight and there is a certain fear element

Are you calling me fat cynic, thats fighting talk.......! ;)

oh yeah! you calling me outside then big boy? ..... you and whose army?

Fight fight fight fight fight fight..........

time to ajourn to the gaza thread then!

so the news is positive"sold" as in getting revenue from oil production in 4-5 months?????????????????

Sold all my GKP.

Put it into Aminex (AEX) on the news yesterday of the Wilcox deep drill spud. TD in 3 to 4 weeks. If its good then lots of upside for AEX.

This should keep everyone interested:
Gulf Keystone announces the arrival of the initial loads of production facility equipment to the Shaikan field location and the commencement of the rig move by the AOS Discover-1 drilling rig to the Sheikh Adi-1 exploration well site.



The first pre-packaged production equipment units have arrived at the production facility construction site near the Shaikan-1 well location. This equipment together with the oil storage tanks and truck loading facility will form the basis of an 18,000 bopd capacity oil production treating and truck loading facility.



This facility will be used during the long term production testing of the Sargelu (upper Jurassic) oil reservoir in the Shaikan-1 discovery well (reference 12 July 2010 announcement with respect to workover rig operations). Production testing will last for at least 18 to 24 months and accumulate valuable data related to reservoir characteristics and oil recovery factors. The test volumes (estimated at 8,000 to 10,000 bopd) will generate Gulf Keystone's first oil production revenue in Kurdistan.



In addition, the AOS Discoverer-1 drilling rig has arrived at the Sheikh Adi-1 well site and rig up is 10% complete. This well will be Gulf Keystone's first exploration well on the Sheikh Adi block in which the Company has an 80% working interest. The well is planned to spud in August and will target the Cretaceous, Jurassic and Triassic formations. Planned total depth, depending on well results, is 3,850 meters and drilling is expected to take 6 months. The Company's estimated oil-in-place resource potential for the Sheikh Adi structure is in excess of one billion barrels.

Would have to be tempted at 60p