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.

Something's not right here.

think i agree, sold half monday.,.

yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaa

topped up - absoulute bargain


LOL

iraq desperately need at least 2 things - cash & oil - coupled with western hi technology to retrieve it - the main feature today are auto sells / stop losses triggered - if you have sold higher recently i would seriously consider buying back in imo

gla

Part from oil barrel: Must keep eye on news for march:

Investors are very keen to learn more about the deeper levels and will be watching the progress of Shaikan-2, a deep appraisal well some 9 km east of Shaikan-1, with keen interest. The well is currently below 1,210 metres and the company has been trying a new tactic to deal with the difficult Cretaceous zone, which, as Gerstenlauer told delegates at Januarys Oilbarrel.com conference, is basically a rubble zone. The companys consultants, Dynamic Global Advisers of Houston, reckon there could be an additional 1 to 5 billion barrels in the Triassic. A second deep appraisal well, Shaikan-4, some 6 km west of Shaikan-1, is expected to spud by the end of March. It is targeted to drill the Jurassic and Triassic age formations and possibly the top of the Permian.

In addition to all the activity at Shaikan, Gulf Keystone also has an 80 per cent interest in the Sheikh Adi block, where the SA-1 well is now drilling ahead having battled hole collapse. At the time of the last update, the well was at the bottom of the troublesome Cretaceous interval after side tracking around a section of the bottomhole assembly that had become stuck in the open hole. It will then drill into the top of the Jurassic, the first of the primary exploration targets for this well.

The AIM company also has a 40 per cent interest in the Genel-operated Ber Bahr block, which is the biggest single structure of all the blocks with an upside case of 20 billion barrels, and a 20 per cent interest in the MOL-operated Akri Bijeel block. On the latter project, the partners have already made one discovery, Bijeel-1, which flowed 3,200 bpd of 18-degree API oil and is reckoned to hold P50 reserves of 2.4 billion barrels. A second well here, Bekhme-1, targeting a Jurassic prospect with a TD of 2,900 metres, is due to spud by mid-March.

All this ensures plenty of high impact newsflow over the next 12 months. But despite the heady excitement about the billions of barrels lying in Gulf Keystones acreage, there remain serious questions to be answered about the political situation in Kurdistan. In January, Gerstenlauer sought to put a positive spin on the situation, saying the political and legislative uncertainty was holding off an expected wave of consolidation among the companies operating in Kurdistan, giving the AIM company time to prove up as much oil as possible to avoid being bought out cheaply. This makes sense to investors, for now. But fast forward a year, and investors will be increasingly twitchy if there is no obvious solution for moving the billions of barrels of Shaikan crude to market.

Something's has gone really wrong.

i don't think there's anything new that's wrong, but merely a reflection on the deep uncertainty of the future in the whole region

Only a small holding but what a drop......no idea if this is the bottom or not....

Demonstration has begun in Kurdistan and three protesters have been killed and dozens injured and forcibly detained.

Another Libya in the making.

I doubt it.....who are they protesting against ?...the Kurdish authorities or Bagdad.....?....way of life around those parts....but huge oil deposits....

baghdad as the kurds have always seen themselves as a separate entity - hence so many of them gassed by our ex-friend SH

Thousands rally in Iraq's Kurdish north in anti-government demonstration


SULAIMANIYAH, Iraq Thousands marched in a northern Iraqi city Tuesday, demanding political reforms and an investigation of the fatal shootings of two protesters last week.

The peaceful rally by 5,000 in the city of Sulaimaniyah was a sign of growing frustration with the tight control of two ruling parties over the economy and politics in the self-ruled Kurdish region.

"Killing of the civilians was a red line," said Nasik Kadir, 40, one of the protesters in Sulaimaniyah, 160 miles (260 kilometres) north of Baghdad. "What happened that day, it became a kind of turning point."

Kurds in the self-ruled region in Iraq's north generally have a higher standard of living and more security than the rest of the country, but many seek more political and econonomic freedom.

Last Thursday, hundreds of protesters inspired by successul anti-government uprisings in Tunisia and Egypt converged on the Sulaimaniyah headquarters of the Kurdistan Democratic Party, which is headed by the president of the self-ruled Kurdish region. Some protesters pelted the building with stones, and security guards opened fire. Two people were killed and dozens injured.

Protesters have rallied daily since the incident. Two more people were killed in clashes between security forces and demonstrators.

The heads of the main political groups in the Kurdish region held a meeting late Monday to try to reduce tensions and address some of the grievances of the protesters, but no agreement was reached.

Many well-known Kurdish artists, singers and actors calling themselves the "White Fence" came out to Tuesday's protests wearing white sheets. They deployed among the protesters and security forces to deter violence.

Iraqis across the country are gearing up for protests Friday, in what organizers have billed a "Day of Rage." Protesters seek better services and an end to corruption.

Iraqi officials have scrambled to show they are addressing such concerns by cutting politicians' salaries, allocating more food to the needy and cutting back on electricity tariffs.

Real mess, the middle east at the moment....

always volatile in iraq - but bit unfortunate that it appears to be stepping up a gear right now - where gkp are based, in recent times it is about as safe as you can get out there - however if things escalate.......

slight change in my strategy here - i topped up not far off bottom twice today - to lower my average in case may need to exit swiftly - this is such a hard call even if the licenses already in place with krg are recognised - apparently there is likely to be new agreements with a slight watering down of the terms to gkp is the unofficial rumour but that aside after recent problems in other countries........ lets hope it does not escalate for everyone

if only it was as easy as just finding the oil and producing it!! lol

OIL CONTRACTS HONOURED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY

http://logisticsweek.com/news/2011/02/kurdistan-government-honors-oil-contracts/#

kerrrrrchinnnngggggggggggggggggggggggggggggg!!!! :-))

Kurdistan Government Honors Oil Contracts
By NewsDesk

News 1 hour ago

Share Iraq has promised to honor the oil agreements signed between the Kurdistan Regional Government and oil companies operating in the region. According to Iraqi Prime Minister Nuri al-Maliki, the production sharing agreements (PSAs) will be respected by the government and Kurdistans oil companies will be credited in full recognition of their profit margin entitlements. The declaration ends ongoing arguments between numerous oil companies and the Kurdistan Regional Government.



President Al Malikis support of Kurdistans oil contracts will undoubtedly be a source of great optimism for international oil companies active in the region. One of these organizations is Norwegian DNO, which has already developed production capacity on the local Tawke field, whilst Sterling Energy has made its mark in Sangaw North Block, and Gulf Keystone Petroleum in Shaken block, Akri-Bijeel, Sheikh Adi and Ber Bahr.

This agreement has acted as a green light to smaller companies that are already positioned in Kurdistan, whilst bigger oil companies are now considering options and strategies to establish major facilities in the resource-rich region.

Move One has more than eight years of experience providing logistics support for both commercial and military clients in Iraq. With seven strategically located offices in the country, Move One is capable of handling any logistical task in the region.

well north we go - this is excellent news - not only done for the revenues obviously but politics - all good - kerrrchinnnnnnnnnnnnnnnnnnngggggggggggg!

i would really not want to be outta gkp this weekend and next week et cetera!!! LOL

ABBBBsodidleydoooly.,.

baler - ditto-a-rooooooooooly-dooooooly that!

good end to the week - roll on monday - rns to confirm todays news would be the icing on the cake to this latest chapter of being a gkp investor!!

I would not touch this stock with a barge pole at moment,oil pipe line just been blown up,11 people killed yesterday in clashers........good luck all i must be missing some thing.