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.

Can't say,but agm soon. excellent summing up by dalesman.
cyril


dalesman - 27 Jul'10 - 19:02 - 28578 of 28582


On holiday visiting the children but just looked in to see we are a little down.

Not surprising given the fickleness of day traders there does seem to be a lot of new names on the board:0) All the focus from scanning the boards, seems to be on short term price action and the bigger picture does not seem to get a look in! So here is a review from a very misty Cornwall!

When there is a pull back it is good to review what news could change the SP going forwards.

1.Take over news. Volume has been large which indicates that even if there is no news there is plenty of cash available to pile in when positive news is announced.

I understand that there are some large players out there who are quietly stake building and days like today is a golden opportunity for them.

2. The Sheik Adi Spud should be this week. Sheik Adi is the biggy but I would like to hear that the ETAMIC payment has been made. From memory (and Im sure Zengas will kindly correct me if Im wrong) the payment has to be made within 30 days of a major fund raising So-

2b is news confirming the transfer of the ETAMIC entitlement to GKP and bye bye to ETAMIC involvement.

3. Then we have first flow test results from the Shaikan work-over rig. This should not take too long - 1 to 2 weeks but dont hold me to that!
As the rig does its thing, flow rates and recovery factors will be firmed up which will help with defining 2P reserves. This will help firm up the NAV.

The Recovery factor is one of the variables that can give a huge increases in valuation. So lets hope the submersible pumps do the business. This may take some time.

4.First Production from Shaikan - end of August? The infrastructure in terms of storage facilities should be in place very soon along with shipment facilities, These should just about be ready to go. This will give a much needed revenue stream to GKP and we should see cost oil payments flowing into GKP coffers soon even if we sell into the local market. If we have access to the export pipeline and the KRG turns on the taps these payments will escalate.


5.Akri Bejeel. Mol has held on to the Weatherford rig for much longer than expected, completing extensive testing and we have had already had an insight into the OIP via the UBS note

(7.95billion barrels) This news is just around the corner.

6.We get a date for BB drill out of Genel.

7a Possible surprises. There are unassigned blocks next door to Shaikan could GKP be going for more?

7b News of other TOs on other KRG E&Ps will help define the going rate!

Im sure Ive missed other news but the above is good enough to be going on with!

Dalesman

How about the possibility of Heritage Oil bidding ?,...now it has the Tullow oil cash.....

Maybe but with M/Cap at 600m(breaking 90p again) i would think they need to start mear 2billion ,which should flush out the Chinese?

just for everyone's memory bank - average daily volume is 4.9m

if they rejected first offer at 3x current value.
hope bidders come ack with improved offer.
going by rumor.

there ain't no bloody offer on the table - pure unsubstantiated gossip and hype

i hope you are wrong. if ou are correct there is still huge upside to gkp

so do i. Hope your wrong cynic that is..

only 6.5m traded today so perhaps the major flurry a few days ago was just one of those nonsense things that happens occasionally

I've ignored this bid talk the last few sessions but what about the HOIL situation now they have cleared funds? Is it somebody putting 2 and 2 together or does this story have substance? I note no comment thus far from B.O.D at GKP? Thoughts/comments gladly received.

Well come Tuesday (AGM)all should be revealed,rest is guess work?
cyril

kate - i think the t/o talk (pure gossip) is best ignored even if such an eventuality is far from impossible .... whether or not the stock is worth X is very much a personal view .... however, for sure there are lots of large long derivative holdings, from which one can rationalise all sorts of things

It's the rumour that's pushing this up......could go up to 100p at any moment.

With just one full days trading prior to the AGM,could be very interesting?
cyril

No takeover from Heritage as special divi announced but up this morning still the same.

AGM due to start at 11am in Zuruchmso 10am for us?
Will we get an RNS prior to the meening?
cyril

What's so special about this agm ?....at the end you will probably have a rns saying "all resolutions have been passed"....the usual stuff...

sometimes they give guidance and trading update, but other than that, i concur

The sp seems to want to go up, perhaps in the next few minutes something big (dream on rf) might come out of the agm....

Big, big buys going through....