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.

lots of buyers and relatively few sellers, and high volume too

Bet pro whats his face wishes he still held these......not long ago he called this a bag of sh*t........lol ....ROFLOL.,.

Banked a small portion......not sure where the market is going.....but this could be good for 200p by the end of the year....

excellent
if we keep getting news like this
this will be where HOIL sp is

Ten Fold Increase in Mus Test Rates During Jurassic Zone Testing on the Shaikan-1 Discovery Well

"Gulf Keystone announces the results of further testing of the Mus (1,627m to 1,667m) section of the Jurassic on its Shaikan-1 discovery well. Final, stable, production rates during this week's re-test, using a much improved test setup versus the original 2009 test, were measured at 1,250 bopd with an API gravity of 19.7 degrees and a gas oil ratio (GOR) of 10 standard cubic feet per barrel of oil at a flowing wellhead pressure of 50 psi. This natural flow rate represents a ten fold increase over the 128 bopd measured during the initial test in 2009.

Tests using a low capacity electric submersible pump (ESP), resulted in rates up to 2,250 bopd.

The workover rig will now begin operations to complete the Shaikan-1 well in the Sargelu (1,450m to 1,510m) section of the Jurassic, and the well will be configured for long term production testing.

Production testing is expected to last for at least 18 to 24 months, and it will accumulate valuable data related to reservoir characteristics and oil recovery factors."

Excellent news,it just gets betterer and betterer.
cyril

perhaps i'm being very stupid, for though this is very good news, the amount of oil being extracted is still very small

August 06, 2010

Gulf Keystone Petroleum Reports Double Drilling Success In Iraqs Northern Kurdistan As Sterling Energy Continues With Its Marathon Sangaw North Drill





Region Shares in London-listed Gulf Keystone Petroleum moved upwards this week on more positive drilling news from Kurdistan. Further testing at its Shaikan-1 discovery well confirmed estimated flow rates of more than 20,000 barrels of oil per day (bpd) from just one part of the well. It means ultimate flow rates could potentially be higher.
The company has also kicked off drilling of the Sheikh Adi-1 exploration well, the first on the Sheikh Adi block, which sits immediately to the west of the Shaikan block, the site of last year's big oil discovery. On Thursday, Gulf Keystone announced that testing of the Butmah section of the Jurassic on its Shaikan-1 discovery well measured at 4,650 bpd.

The Butmah section is located between 1,783 metres and 1,814 metres. The crude oil from the site had an API gravity of 17.68...

kuz this does not seem to agree with the RNS today which said 1250bopd (not a lot)?

total flow rate bpd tested so far i believe is in the region of 21 / 22k bopd with more expected from other drills - hoping for 2 by year end or sooner - maybe more - just need the politicals sorted then imo gkp if it is a positive result will really start to fly - gla

Got too nervous & sold today on the current rise. Can't quite see any reason to hang on for now.

when it hits 2.5 or 3 what then you might see one

Flyimg this am.
cyril

oh wowee! +3p = +2.5% .... peeps with homemade wings jumping off the pier fly better than that!

well oil prices down this is holding and moving up!!!

cyners do you hold any of these???

i do indeed - in fact a bit o'weight even at cost

i would call today almost satisfactory - i have been in gkp an age but well worth it - looking forward to the political out of the way - then imo this really will fly - lots of chat about a t/o - could well be we shall see soon enough - have a good w/e all

Another upwards push....goody...

and oil pushing down