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.

KEEP an EYE

GKP 104.75p -8.75p

still down for the day after yesterday's large drop ( support broken ) and bounce back on news from the company ( below), looking better now on the order book and intraday chart ....


4 August 2011 -- Gulf Keystone Petroleum Ltd. --- Share Price Update

Gulf Keystone notes the sudden fall in its share price and confirms that it knows of no reason for this decline, beyond today's general market turmoil.

The Company remains completely focused on the active exploration and appraisal programme across all the four blocks in the Kurdistan Region of Iraq, including the current drilling operations at the Shaikan-2, Shaikan-4, Sheikh Adi-1 and Bekhme-1 wells.

wake up chaps!!!

John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented:

"This independent report demonstrates the potential of the Sheikh Adi block with between 1 and 3 billion barrels of gross oil-in-place. This report reinforces our belief in having encountered yet another potential world class oil source. We plan to further evaluate the Sheikh Adi structure and define and assess this complicated geological structure. The Sheikh Adi oil-in-place numbers are all the more significant due to our 80 percent interest in the block. These numbers are in addition to 7.5 billion barrels of P50 oil-in-place at Shaikan, 2.4 billion barrels of P50 oil-in-place at Akri-Bijeel and 1.9 billion barrels of estimated petroleum-initially-in-place at Ber Bahr. This report further demonstrates the world class nature of Gulf Keystone's assets in the Kurdistan Region of Iraq".

Spotted it as well......lucky I bought some more the other day.....and going long as well now.....incredible result here....now we have several world class oil reserves....and not many people are aware.....this should be 200p now !.

This major success story is going unnoticed due to events.

FREE presentation next week!

-----

The directors of Victoria Oil & Gas (AIM: VOG), Sound Oil (AIM: SOU), SacOil (AIM & JSE: SAC) and Gulf Keystone Petroleum (AIM: GKP) will be presenting:
Thursday the 25th August 2011,The May Fair Hotel, Stratton Street, London, W1J 8LT (Crystal Room)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/119

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

PLEASE NOTE: PLACES WILL BE LIMITED, SO PLEASE REGISTER TO AVOID DISAPPOINTMENT.

FREE presentation next week!

-----

The directors of Victoria Oil & Gas (AIM: VOG), Sound Oil (AIM: SOU), SacOil (AIM & JSE: SAC) and Gulf Keystone Petroleum (AIM: GKP) will be presenting:
Thursday the 25th August 2011,The May Fair Hotel, Stratton Street, London, W1J 8LT (Crystal Room)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/119

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

PLEASE NOTE: PLACES WILL BE LIMITED, SO PLEASE REGISTER TO AVOID DISAPPOINTMENT.

Turdistan company finds more oil, it still belongs to Iraq and still no license agreement.

Share price falls.

Situation normal...........

I actually got some GKP this morning.

Not because I suddenly like GKP or Turdistan, but the stock on loan levels indicate something is happening and if any was going to make a bid for GKP, now is the time to do so.

So I purchased a wedge of shares for a speculative punt.

Here's the RNS

RNS Number : 5958M

Gulf Keystone Petroleum Ltd.

18 August 2011

Not for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.

18 August 2011

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Kurdistan Operational Update

Shaikan-2 Triassic Discovery

Gulf Keystone announces today that it has made a new Triassic discovery with the Shaikan-2 Appraisal Well, drilled approximately nine km to the south-east of the Shaikan-1 discovery well in the Kurdistan Region of Iraq.

Gulf Keystone has completed drilling of the Shaikan-2 Appraisal Well to a TD (total depth) of 3,300 meters in the middle Triassic, following which a flow test has been performed in the newly discovered Kurre Chine C zone over a 80 meter interval (3,195m to 3,275m). This new zone is highly pressured and correlates with the high pressure zone penetrated at the bottom of Shaikan-1.

The Kurre Chine C flow test in Shaikan-2 has achieved variable flow rates up to a maximum recorded rate of 4,450 barrels of 36 degree API oil per day with associated gas of 813,000 scf per day through a 36/64" choke.

After success with this first test, the Company plans to continue with its programme of Shaikan-2 testing in the Triassic and Jurassic.

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

John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented:

"The new Triassic discovery is yet another chapter in our Shaikan success story. As a result of these successful Shaikan-2 well test results, oil volumes that will eventually be attributed to this zone, will be in addition to the already impressive 4.86 to 10.8 billion barrels of gross oil-in-place already discovered in the Shaikan field."

Event is full.

http://www.proactiveinvestors.co.uk/register/event_details/119

The directors of Victoria Oil & Gas (AIM: VOG), Sound Oil (AIM: SOU), SacOil (AIM & JSE: SAC) and Gulf Keystone Petroleum Ltd. (AIM: GKP) will be presenting:

Thursday the 25th August 2011,

The May Fair Hotel, Stratton Street, London, W1J 8LT (Crystal Room)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:

Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

PLEASE NOTE: PLACES WILL BE LIMITED, SO PLEASE REGISTER TO AVOID DISAPPOINTMENT.

*** WE HAVE REACHED CAPACITY AT THIS EVENT - PLACES ARE NO LONGER AVAILABLE ***

GKP Stock on loan has certainly taken a big jump this week.



.

Some comment from Fox Davies:


Comment

Yet another discovery and possibly a significant addition to what is already a very impressive resource base. Shaikan is a world class field and technically a fantastic success for Gulf Keystone. However, as we have stated previously full value realisation is dependent on resolution of the political and legislative issues in Iraq that will lead to full exports from Kurdistan and formal payment mechanisms; unless, in the meantime another company swoops in for GKP with a serious bid.

Recommendation

We retain our BUY rating and price target of 2.75.

They are doing a presentation on Thursday, perhaps news might be coming tomorrow or Thursday morning ?


http://www.thisislondon.co.uk/markets/article-23980501-charter-boosted-25-percent-by-the-attentions-of-a-second-suitor.do

.............Wild whispers about Gulf Keystone Petroleum pushed the oil explorer up 3p to 128p, The mutter from the gutter was that bosses had struck a deal with the government in Kurdistan for the export of thousands of barrels of crude a day..............


.

interesting i may attend this
certain chatter doing the rounds
i bought back more fool me or maybe not
gla

The rumour gets a mention in the Independent as well now.

http://www.independent.co.uk/news/business/sharewatch/market-report-michael-page-climbs-as-adecco-bid-talk-returns-2342735.html


.................Meanwhile, Gulf Keystone put on 2.5p to 128.25p following vague rumours suggesting the explorer may have reached an export agreement with the Kurdistan government..........

Worth refreshing.

Production

Shaikan Extended Well Test (EWT) facilities were completed in September 2010 with test production from Shaikan-1 commencing during October 2010 with a net entitlement to domestic oil sales of 54,201 barrels to March 2011. Both Shaikan-1 and Shaikan-3 are tied to the EWT facilities.

In May 2011, Gulf Keystone was requested by the Kurdistan Regional Government to prepare to export up to 5,000 barrels of oil per day (bopd) from the EWT facilities, following which the Company entered the commissioning phase of oil export operations. The commissioning phase, involving final preparations and customary checks and tests on all elements of the process, including loading and transportation logistics, as well as metering and receiving facilities, is underway in order to enable the Company to steadily ramp up export volumes to 5,000 barrels of oil per day (bopd) with an eight month target of over 10

Said to be tipped as a buy in Shares Mag...........

GKP doing presentation tonight, this is an advance Q&A session.

http://www.proactiveinvestors.co.uk/companies/news/32363/gulf-keystone-petroleum-qa-a-prelude-to-tonights-one-to-one-hydrocarbon-forum-32363.html


.

http://thecurrencynewshound.com/2011/08/25/goi-completes-amendments-to-hcl-oil-and-gas-draft-law/

Government Of Iraq completes amendments to HCL / Oil and Gas draft law

Posted: August 25, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Iraqi government completed the amendments to the draft law of oil and gas

Baghdad, August 25 / August (Rn) The adviser in the Iraqi government said on Thursday that the Council of Ministers ended the necessary amendments to the law of oil and gas, and will be submitted to the Parliament after the Eid holiday.

The Committee on oil and energy in the Iraqi Council of Representatives announced Monday, its dependence on the government version of the draft law of oil and gas instead of the version submitted by the last week in the Iraqi parliament session.

And wait for the oil and energy legislative draft was sent to law by the Iraqi government, such as the study presented to the Parliament for discussion and vote on approval.

The Economic Adviser in the government peace Qureshi, told the Kurdish news agency (Rn) that the Iraqi government ended the amendments to the draft law of oil and gas made by the Committee state energy at the end of the month of July last.

The Council of Ministers will raise the draft law of oil and gas to the House of Representatives after the Eid al-Fitr holiday for approval to organize political oil in a manner commensurate with the budget in 2012.

Iraq held three rounds of licenses and a number of major oil projects, which sees the oil and energy should be coordinated with the parliamentary oil and gas law deferred.

The oil imports about 95% of Iraqs budget, but so far nothing in the law regulating the affairs of the country despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields.

And the failure of the House of Representatives to pass Bdorth previous oil and gas law, which was expected to rise oil situation if approved.

The absence of law and the cause of a number of problems in this sector, particularly oil contracts signed by the Kurdistan Regional Government with international companies to develop fields, and Baghdad says it is illegal, while confirming the region compatibility with the Iraqi law.

Iraq has the OPEC members fourth-largest oil reserves in the world.

The giant international companies in the field of energy has won contracts through three rounds of a license to develop oil fields discovered untapped.

Although the Iraqi government predicted the arrival of its crude oil production to about 12 million barrels per day over the next five years, but experts have questioned the production and access to that goal, and said that seven million barrels a day was a reasonable figure.

few quotes from Pointerlou and others on iii who were at the presentation.
GKP on at about 19.37hrs.

19:43
3d sysmic has been used on latest resource estimate. Still thinks monte Carlo model sells them short

Link to existing piPeline stressed, within range
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19:49
S1 can do 10-20000 barells per days easily

Oil in Jurassic and Triassic consistent across all wells in shaikan
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19:54
Some views that shaken bigger under 3d than thought but reservoirs may be more broken up

Sales numbers this q frustratingly similar to last q. Krg pushing for exports but still want Gkp to provide to domestic Market due to shortages domestically
-----------------
19:56
SA on trend with shaken

Had to drill crustaciius twice due to reverse slip in field
A long way to go on SA and have to wait for testing over the next few weeks
------------------
20:06
Oil and gas law approved in principle just waiting back log to clear

That's incredible if I heard him right
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and from rafabenitez also at presentation

19:58 Shaikan 13bn upside Jurassic only
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and from hawkflight
20:21
Just left the presentation. Lots of interesting stuff. No doubt updates will come later. Interestingly he said the oil law had been approved by ministers today and will go for parliament approval within the next month.
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