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.

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

in 4 months the company will be producing 10,000bopd and selling???
that got to be worth double 60p

todd is not telling the whole picture. he is dishonest.

who is todd and what do you have to support your allegation?

cynic todd kozel is executive chairman.

assumed he must be something along those lines, but main Q not answered

has some "form" from the days when GKP made some highly speculative assesments of oil/gas reserves in Algeria a couple of years ago.

thanks hali .... another wannabe timis perhaps

A bit of patience is needed here,......we were over 120p not so long ago....if then you could have bought at this price : there would have been a scramble !.

'A bit of patience'!!!! These have been in steady decline for the last 10 months, with no obvious sign of reversing the trend! I suspect even certain biblical characters would have lost patience by now!

At the top I sold out but have been back in for several months,.....not so many shares... the testing of Shaikan is resuming.....that's good and more wells are being drilled.....

Up 12% on very vague bid rumour.

Looks like my 60p entry is out the window then!

Now up 23%. Maybe there is some truth in the rumour.

or one lemming following another .... i already hold (at a loss!) so am delighted

on second thought - 23m now traded .... that's an awful lot of stock!

4m is the norm - 27m traded today!
i guess watch this space, but one can easily be led astray by such volumes

Nice to see this rising....about time...incredible amount of oil discovered...