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.

$7 to $8 / barrel a darn sight better than i expected - all is really dependent on the tribal disputes to be honest - get that sorted and gkp would be 15 + imo

i am out gkp right now - waiting for a dip - but that prob wont happen!

has that court case been settled yet? bit out of touch with gkp?

Shaikan-3 Update

Gulf Keystone Petroleum is pleased to announce an update on the Shaikan-3 Shallow Appraisal Well. Following completion as a Sargelu/Alan formation producer and as a result of an acid treatment, Shaikan-3 has achieved a rate of 9,800 bopd.

The stabilized flow rate was recorded on a 128/64th inch choke with a flowing tubing pressure of 264psi. The higher rate achieved by Shaikan-3 an improvement of approximately 30% on the previously reported rate of 7 480 bopd for Shaikan-1, is due to the removal of formation plugging around the well bore. Since data gathered from Shaikan-1 also indicates formation plugging a similar acid treatment will be performed on this well.

Both Shaikan-1 and Shaikan-3 are tied into the nearby extended well test facilities with a storage capacity of over 20,000 barrels.

The Company has a 75 percent working interest in the Shaikan block and is partnered with the MOL subsidiary, Kalegran, and Texas Keystone which have the remaining 20 and 5 percent working interests respectively.

John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented

"The productivity increase achieved as a result of this acid treatment once again demonstrates the robust nature of these reservoirs and bodes well for our current oil sales and future field development."

Enquiries:

no much question or doubt about the oil imo - just the darn politics as always....however....

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/4553/broker-roundup-gulf-keystone-petroleum-rockhopper-exploration-planet-payment-renovo-4553.html

Broker Roundup: Gulf Keystone Petroleum, Rockhopper Exploration, Planet Payment, Renovo
Monday, February 14, 2011 Ambrian Capital's oil analyst Werner Riding reckons Gulf Keystone Petroleum (LON:GKP) is making significant progress at the Shaikan oilfield in Kurdistan by proving up resource volumes and establishing early production.

In a note to clients he said: Drilling results to date suggest a giant hydrocarbon accumulation exists within Gulf Keystones licence areas in Kurdistan, and this morning the company has shown its important work to appraise Shaikan is progressing well.

This work is aimed not only at proving up resource volumes, but also at establishing early stabilised production from the extended well test; on todays evidence, significant progress is being made at both.

Andrew McGeary, equity analyst at Northland Securities, described the news today as "encouraging". An independent verification of oil in place puts the figure at 1.5 to 7.5 billion barrels with a mean of 4 billion barrels. So on that basis GKP is not expensive on "per barrel multiples, the Northalnd analyst says.

But he adds: There is much development work to be completed which somewhat depresses achievable NPV (net present value) per barrel expectations and a significant degree of uncertainty surrounding political developments in the region and in relation to an export solution from Kurdistan.

Similarly Matrix Capital oil analyst Vugar Aliyev acknowledged that this was a positive development while at the same time expressing caution.

The headline number of 9,800 bopd is very good, and so far, it is the highest stabilised flow rate reported by GKP from Shaikan, Aliyev said.

He adds: Shaikan has the potential to become a very large oil field, but there are still substantial risks on estimated reserves and longer-term well productivity, in our opinion.

texas keystone weighing in at 5% - LOL
good old ainsworth - have to hand it to him - he must be a kerrrrrrchinnngggg man too lol!

http://www.zawya.com/story.cfm/sidZW20110217000148


Iraqi PM Says Misquoted On Kurdish Oil Deals With Foreign Firms

Thursday, Feb 17, 2011

(MORE TO FOLLOW) Dow Jones Newswires

Iraqi PM Says Misquoted On Kurdish Oil Deals With Foreign Firms

BAGHDAD (Dow Jones)--Iraqi Prime Minister Nouri al-Maliki said Thursday that he was misquoted as saying that the central government in Baghdad would honor production-sharing deals signed by the semi-autonomous region in Iraq's Kurdistan with foreign firms.

On Feb. 5, Maliki was quoted by the AFP news agency as saying that his government would respect scores of production-sharing contracts that the Kurdistan Regional Government, or KRG, signed with international companies.

"What I said was that we have agreed (with the KRG) that all produced oil (from the Kurdistan region) would be exported via Iraqi pipelines and in return for that the central government will pay back costs incurred by operating companies," Maliki said at a news conference carried live by the state-run Iraqiya television.

"If there is something else related to the legality (of these deals), this is something else," he added.

Baghdad and the KRG are at loggerheads over scores of deals signed by the Kurds with international oil companies. The central government says that these deals are null and void because they weren't approved by it, while the Kurds argue that they are in line with the new constitution.

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

don't tell me; never trust a raghead!

The bigger problem now is that the Kurds might withdraw their support for the government, resulting in its collapse and then the need for the long drawn out process of new elections again.

That would see the likes of GKP back down to 60p to 70p levels as it was before the elections..... a very real element of risk now, and just ahead of tax year end selling as well.

The risk of capitulation down to sub 100p levels is strong IMV if it looks likely the Kurds will withdraw support. Interesting times ahead on GKP and other Kurdistan focused stocks

cynic - lol 1537 of 1538 - careful you'll have the do gooding pc brigade after you - now where has me tea towel gone!! lol

i did lose touch a bit with gkp in last few months - how is the supply of oil on the domestic front going - seem to remember this being locked into the deal with krg at a lesser pay back pb? the politicals as ever dragging on ref Kurds et cetera - always a question mark over the validity of the deals with central gov. - nearly time to get back in me thinks - but this is why imo gkp although on the radar for a t/o with the majors including sinopec - but nothing happening yet till gov. situation sorted at the very least
good old tribal wars!!

And now protests and protesters getting killed in Kurdistan - yet more turmoil to add into the mix, change in the rulers of Kurdistan could really throw the "null and void" oil contracts into the bin as Iraq, whose oil it is, claims they are null and void anyway, and if the people and parties who signed them are gone - whole new ball game. Risk level rises, even higher.

http://ipsnews.net/news.asp?idnews=54521

http://www.cnn.com/2011/WORLD/meast/02/17/iraq.protests/index.html

.

Is someone sold or gone short recently?
The tactics of the ROTTEN B@STARD are here for all to see >>>>>>>>


Proselenes - 17 Feb 2011 16:49 - 1538 of 1541
The risk of capitulation down to sub 100p levels is strong

I nearly fell for it and sold some but held off and glad I did...

just because someone posts X, it doesn't mean you have to follow like sheep ...... in all investment decisions, you work within your own risk parameters and similar, (dis)regarding opinion and advice as the spirit takes ..... i often disagree with some of the views expressed, and though some may take umbrage (very stupid), it does not make that opinion invalid

with specific regard to GKP ..... like many oilies, it is based in an unstable area of the world and will always be subject to a degree of volatility depending on the prevailing political climate ..... my view here is that iraq needs oil revenues very badly, so though there is a long history of enmity with the kurds, and there will be much sabre ratttling, eventually a workable solution will be reached and implemented

quite right but it sows a seed of doubt and makes one unsure.,.

It's the one part of the world where smallish western companies are very welcome and massive oil and gas discoveries abound !......

Goodness gracious me not for breakfast time

Maybe you should go there and knowing your luck jackpot for "money am" posters.


Proselenes - 18 Feb 2011 04:40 - 1541 of 1546
And now protests and protesters getting killed in Kurdistan

shorting is not a crime of any kind, though it can sometimes be rash

Something's not right here.

think i agree, sold half monday.,.

yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaa

topped up - absoulute bargain


LOL