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.

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

Surprised no comment from the brokers trip to Kurdistan and their reports from 22/25 August.

broker are not to be trusted anyway

looks like gkp are showing signs of positive creeping.....much good news in the near future.....and the progress they are making is going to be reflected...

Iraq Resumes Crude Oil Pumping To Turkey - Shipper
Iraq has resumed pumping crude oil from its Kirkuk fields to the Turkish port of Ceyhan on the Mediterranean since Tuesday afternoon following a closure that lasted five days, a Middle East shipping agent said Wednesday.

"The Iraqis resume the pumping at 1730 local time (1430 GMT) Tuesday," the agent told Dow Jones Newswires by telephone from Ceyhan.

-By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com


if i recall gkp did sink on that news(iraqis stopped pumping)

thats nice rise with buying volume!!!