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.

StockMarketWire.com
Gulf Keystone Petroleum reports after-tax losses of $3.1m for the six months to the end of June - down from $5.6m last time.

It said the reduction reflected a foreign exchange gain during the period.

General and administrative expenses during the period were $2.7m (1H09 $6.0m).

Adjusting for a foreign exchange gain of $5.6m (1H09 $0.2m), Algerian oil field operating costs of $nil (1H09 $0.6m) and share-based payment expense $3.0m (1H09 $0.2m) underlying costs overall were flat. Other losses of $0.2m (1H09 $nil) relate to the change in the fair value of the standby equity distribution agreement with YA Global Master SPV.

Interest revenue of $0.03m (1H09 $0.6m) declined due to reduced cash balances and lower rates of interest.

Executive chairman and CEO Todd Kozel said: "2010 has seen an unprecedented level of activity for Gulf Keystone.

"Our extensive drilling programme is aimed at proving up last year's immense discovery, and we look forward to the first test production from Shaikan-1 in the coming weeks."

Gaining momentum,now at 120p,lets hope it can hold at days end?
cyril

KEEP an EYE

is on a good mood today on a rising intraday trend since 10am

Large volume and ready for the BREAKOUT is very bullish as the MACD is also ready for divergence and the rest of Indicators on the right place

Closed at an all time high.....perhaps more to come tomorrow...

I certainly hope so....

130p+2.50p

after a slow start of the day is now on a BREAKOUT
A very strong order book on the bid side

Buy..buy..buy..

there's interesting for you, now look you Dai!
average daily volume is about 5.25m, but already 5m with bid almost 2:1 to offer

My old friend GKP here is at an all time high....and still rising....in Shares mag : they have a 170p target price...long way to go then....

won't be long rf.

You are going to short then....?...just kidding....it is going like a train at the moment....

Looking good,M/Cap of almost 1billion. Wonder what a positive update will bring?
cyril

to me, one of the most interesting factors is the consistent and exceptionally heavy trading volume .... today it is already >4m against a daily average of 5.25m

it's not inconceivable that a bid is in the offing, but sometimes one sees these loony volumes and price increases as a lemming feeding frenzy takes hold

No sign of Prosels as yet.....he must have bought back in....

Sp might level out here.....for a day or two...or is it going for another upwards burst ?...

hey RF .... what about us yids??? :-))

i have no objection at all to non-share threads, but certainly that gaza one has attracted more than its fair share of blinkered loonies ..... we disrupted it for a while by posting recipes, which was much more constructive

That thread is over the top....

(very) greedy yid has just topped up at 139.75

Lucky you if I had any spare I'd do the same--at least 3 announcements are imminent everything crossed they are good!!

followed your lead yesterday cynic and topped up.......what a good move, shame prosels is'nt in.,.