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.

nice rise again this morning-we have lift off!!

certainly going strongly again ...... had a little clear out this morninhg and took my modest profit here .... looks to have been premature

Very imo cynic.

Loads more to come pre drill, may go a bit flat once they start to drill as it will take over 100 days to drill through 5 prospective senimentry layers to td, cant see anything but up overall.

when's drilling scheduled?
i'm sure there's an rns knocking about, but too lazy to find it

Spud any day now.

thanks ..... am sure that's a much more accurate story than the crap on the MRP site!

will tomorrow be the day for good news? lets hope so

cynic, spud at pontiac over a week ago. 15/20 days to reach td.

Cynic, now stay out of these and let us enjoy a bit more rise. lol you know what you did to CFM. reckon you shorted that one and put the mockers on for the rest of us.

Spudding expected today, may get an RNS today otherwise Monday.

Thanks to unionhall over there for that.

I am amazed due to the news that this one has not taken off

MoneyAM
"Gulf Keystone Petroleum has successfully spudded its first well in Kurdistan.

The firm said drilling on its first exploration well, Shaikan-1, on the Shaikan Block, is anticipated to take four to five months to complete.

The Shaikan Block is situated near the city of Dihok, approximately 85 kilometres north-west of Erbil and covers an area of 283 square kilometres."

Good funding at 14.5p....that should be a good sp floor for this stock...20p here we come and if we strike anything like Heritage....well...the sp will fly !.

I foolishly sold my hoil and missed all this excitement----I'm not making the same mistake here!! hanging on tight for the rocket to take off-anytime in the next 2 months.

Its getting ready to take off new hoil in the making.

Some great increases on smaller oilies and miners at the moment....let's hope the market doesn't tank...perhaps there is no bad news at the moment and the flu is not so bad as feared which is helping the minnows.

"Announcement Dr Ashti Hawrami
Minister for Natural Resources
Kurdistan Regional Government

8 May 2009

On behalf of the Kurdistan Regional Government (KRG), the KRG Ministry of Natural Resources announces that crude oil exports shall commence officially on 1 June 2009 from the Tawke Field, at an initial rate of around 60,000 barrels per day. This follows the completion of all the metering instrumentation and the tie-in of the field pipeline with the Iraq-Turkey main export pipeline at the border town of Fishkhabur."


http://www.krg.org/articles/detail.asp?rnr=223&lngnr=12&smap=02010100&anr=29333

Should stimulate a bit of interest in Kurdistan Oilers.

On a breakout

Seems to be strong buying by a large player, which is gradually taking up a sellers stock.

PI's riding on the back of it, but fine, lets hope the buyer is willing to push this up to 30p in the weeks ahead.

RPT-UPDATE 2-Iraq says will export oil from Kurdish fields

(Repeats to detach from text of earlier story)
* Iraqi Oil Ministry says Kurdish exports to begin
* Kurdish minister says received ministry permission
(Rewrites with oil ministry confirmation)
By Ahmed Rasheed and Sherko Raouf
BAGHDAD/SULAIMANIYA, Iraq, May 10 (Reuters) - The Iraqi Oil Ministry will begin exporting oil from fields in semi-autonomous Kurdistan, an official said on Sunday, heralding a breakthrough in a bitter feud over control of Iraq's oil wealth.
Oil Ministry spokesman Asim Jihad told Reuters that once fields in the northern Kurdish region had been connected to the national export pipelines, "the Iraqi Oil Ministry will start exporting crude extracted from some oil fields in Kurdistan."
"These quantities will increase Iraqi export capacity, and all revenues will go to state coffers. The Ministry supports any steps to increase Iraqi output and export levels," he said, but declined to comment on when the exports would begin.
Jihad's comments came after the Kurdish natural resources minister said he had received a green light from Baghdad to begin the first official exports from Kurdish fields.
"Today I received an email message from the Iraqi Oil Ministry sending us their approval for the Kurdish government to export oil through the Iraqi pipelines to Ceyhan (in Turkey)," Ashti Hawrami told Reuters by telephone from outside Iraq.
On Friday the Kurdish government had announced that oil exports from its Tawke field would begin on June 1, saying they would start at an initial rate of 60,000 barrels per day (bpd).
It also said that 40,000 bpd of exports from another field, Taq Taq, would begin, travelling by truck and through an Iraq-Turkey export pipeline.
But there was no immediate confirmation from the Shi'ite-Arab led government in Baghdad, which has long called contracts Kurds have signed with foreign oil firms illegal and on Friday Jihad denied that permission had been granted for the Kurdish exports.
The oil feud is part of a larger dispute between minority Kurds and majority Arabs over resources, land and power that has held up national energy legislation and cast a shadow over a country struggling to emerge from six years of bloodshed.
Oil Minister Hussain al-Shahristani is facing increasing pressure to increase sluggish oil output, now around 2.3-2.4 million bpd, and turn around an industry in dire need of major investment after decades of sanctions, neglect and war.
On Sunday Jihad said there was a joint technical team, including Kurdish and Arab officials, that would conclude preparations for the launch of Kurdish oil exports.
Until now Baghdad's refusal to open the national pipeline to Kurdish oil exports has meant oil from Kurdistan, largely independent since 1991, has gone only to supply a small Kurdish market. Small amounts have been smuggled abroad.
Kurdish officials, who estimate reserves of at least 40-45 billion barrels in the area now recognised as Kurdistan, have meanwhile struck deals with firms including Toronto-listed Addax Petroleum (AXC.TO) and Norway's DNO International (DNO.OL), which is developing Tawke. (Writing by Missy Ryan; Editing by Greg Mahlich)
Thomson Reuters 2009 All rights reserved

http://uk.reuters.com/article/oilRpt/idUKLA34479620090510?sp=true