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.

http://edition.cnn.com/2011/WORLD/meast/03/14/bahrain.protests/

Pipeline restarts,

Beiji suspects arrested
Iraqi officials have made more than two dozen arrests in the Beiji refinery bombing, fast-tracked repairs to the facility, and restarted the export pipeline attacked last week.
Can't give anymore detail as not a subscriber, but arrived today.
Should be good news.

I like the sound of this....
Gulf Keystone reveals significant oil flow from Kurdistan well
StockMarketWire.com

A sharp rebound should be coming....

Been buying more as of late...looks like it might be paying off.....I keep on saying it but Iraq (and this area of Kurdistan) should be one of the wealthiest countries in the world......let's hope it happens for them....

Gulf Keystone Petroleum (LON:GKP) (BUY, 2.00) (GKP, 123.5p, ▲ 1.02%)

reported a significant initial oil flow on the Shaikan-2 Appraisal Well in a 44m interval at a depth of 1,792-1,836m in the Jurassic age formation. Substantial smoke and/ or the oil flare is/ are visible from the Company's office in Erbil some considerable distance from the Shaikan-2 location, indicating that a significant flow has been encountered and prompting the Company to issue this announcement.

The Company is currently conducting a test, which is expected to continue for another 72 hours to obtain further results, i.e. flow rate, oil quality and similar information, which will be reported in the next announcement. Shaikan-2 is the first deep appraisal well to be drilled on the Shaikan structure. The well is drilling approximately 9km to the south-east of the Shaikan-1 discovery well.

Comment: This is excellent news for Gulf Keystone although we have to wait for more data in order to be in a position to make a more definitive assessment.

Despite Shaikan being a world-class discovery, a 9km outstep was never going to be a guaranteed success as the properties of fractured carbonate reservoirs can vary significantly. We are increasing our probability of success for the P50 case on Shaikan from 2/3 to 3/4 and raising our price target to 220p.

We remain strong buyers of the stock, which has been weak for no specific reasons recently.

http://www.stockopedia.co.uk/content/fox-davies-capital-update-featuring-paragon-group-orosur-mining-ascent-bowleven-gulf-keystone-petroleum-xcite-energy-54931/

Editor: CC | SS
Friday, 18 March 2011 07:35 GMT



The source pointed out that "Export of crude oil from fields in the Kurdistan Region is stable at 100 thousand barrels per day during the Current month of March, after the rate was 80 thousand, where the export from the field Tauki An average of 55 thousand and 40 thousand barrels of Taq Taq field. "

The Ministry of natural resources in the Kurdistan Regional Government of Iraq, beginning Current month of March, the high export of crude oil from fields in the region to 100 thousand barrels Per day, while references to plans to double exports end of the year 2011 to the current 200 thousand to one million barrels per

Post from rhe well respected Zengas,


Maybe some looking at the RNS in the wrong context.

What if the size of the flare/smoke is truly substantial - their word being substantial !

If you recall that many months ago and possibly not remembered by many on here - was that they thought this could be as big as, or another Kirkuk.

Remember when Baba Gurgur was discovered it gushed and lit up the place for miles.

Perhaps the flames/smoke are significant and that it really could be a more unusual sight than normal.

http://ftalphaville.ft.com/blog/2011/03/18/519271/sunrise-over-ebril/

This video should be in the header imo.

http://62.193.238.61/blueprinttv/gulf-keystone-petroleum/2011-01-14_video_01.php

Nice, but totally ruined by the sound balance.
Difficulty hearing the commentary through the music.
mac

listen to the music of the share price!

I'll second that!! kkkkkkkeeerrrrrrccchhhiiinnggg

i sold a big proptiotion of my holding to buy back which i did now what do - libya has destabised its region - what do you reckon sp up or down - i think up?

a little present
http://www.youtube.com/watch?v=L5YUCygMBiE

We should get the results(72hrs) from the latest RNS,which will decide?

A couple of days old but worth aread,followed by Fox's latest report.

A cGulf Keystone shares gush up 22% on Kurdistan oil hopes

Share3 Comments (0) Making a substantial oil discovery when the crude price is soaring is pretty much an ideal situation. Step forward Gulf Keystone Petroleum, which is exploring in the Kurdistan region of Iraq.

The company has revealed it found a significant flow of oil at the Shaikan-2 well, where it has a 75% working interest. It said:

Substantial smoke and/or the oil flare is/are visible from the company's office in Erbil some considerable distance from the Shaikan-2 location, indicating that a significant flow has been encountered and prompting hte company to issue this announcement.


It is conducting tests, which are expected to last for 72 hours, to determine flow rate and oil quality. But Gulf Keystone boss Todd Kozel said the oil flow confirmed its belief in the "world class nature" of the Shaikan discovery.

Investors are convinced too. Shares in Gulf Keystone - which some tip as a possible takeover target - have surged 22%, up 26.75p to 150.25p.

Analysts at Fox-Davies Capital said:


This is excellent news for Gulf Keystone although we have to wait for more data in order to be in a position to make a more definitive assessment. We are increasing our probability of success for the P50 case on Shaikan from 2/3 to 3/4 and raising our price target to 220p. We remain strong buyers of the stock, which has been weak for no specific reasons recently.


http://www.guardian.co.uk/business/marketforceslive/2011/mar/18/gulf-keystone-up-on-iraq-hopes



http://www.fox-davies.com/media/360203/fdcgkpmar182011.pdf

And from proactive.

http://www.proactiveinvestors.co.uk/companies/news/26467/gulf-keystone-shares-surge-as-shaikan-2-well-confirms-the-potential-of-the-block--26467.html

Shares in Gulf Keystone Petroleum (LON:GKP) jumped 24 per cent in a frenetic morning session after an encouraging update on progress at the Shaikan-2 well in the Kurdistan region of Iraq.

Above: Shaikan-2 smoke and oil flare are visible from the Company's office in Erbil some considerable distance from the Shaikan-2 location.

Based on the results from the initial Shaikan discovery an independent report was compiled. It put Shaikans oil in place resources at around 1.9 billion barrels and saw upside to 7.2 billion - in a P90 to P10 range.

Shaikan-1 tested five levels from 1,450 metres through to 2,850 metres - with a combined rate of more than 20,000 of oil barrels a day.

But Gulf Keystone had to stop drilling at the lowest levels because of a very high pressure zone that was above the tolerance of the well design.

Amd from dalesman,some excellent points.

To quote the Carpenters 'its only just begun'

Shaikan 2 has much yet to give up. It appears that the Sargalu is deeper than expected at SH2, we have the Alan Mus and Butmah still to come and the oil water contact may well be lower than expected adding greatly to the OIP figures.

This is only the start of the operations at SH2. The HPHT Triassic is next. Remember the gas kicks, the excellent flow rates and the high API oil recovered at SH1 before they had to shut it down. That process took three days to get under control such was the energy encountered in the Triassic.

SH2 has been designed to deal with these HTHP conditions. It will be the first time that the Triassic has been fully appraised in Kurdistan and the light API oil and excellent GOR will help to make the well even more commercial.

If I remember correctly an extra 5 billion was postulated for the Triassic, I have a feeling that this figure may turn out to be conservative. As well as light oil the Triassic has significant gas associated with it.

Todds foresight in joining with MOL will be fully recognised when the Nabucco pipeline is built. Mol owns 1/6th of the Nabucco project and will have priority access to it for its gas. Its gas is GKPs gas and while Heritage may find it more difficult to export its gas, GKP should be first in line.

Shaikan 2 will not stop at the Triassic. To date we have not heard of any sidetracks that could limit the casing strings and subsequently restrict the planned TD which lies in the Permian. The Permian lies below the Triassic and represents yet another frontier in terms of Kurdistan oil exploration.What I wonder has the Permian to offer to our OIP figures?

So 'its only just begun' let the thin lady sing!

God bless her soul

Kind regards

Dalesman