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.

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

Up through the 200 DMA fairly well.

Draw Down of Funds and Issue of Equity
"Gulf Keystone Petroleum Ltd. (AIM: GKP), an independent oil and gas exploration and production company with assets in Algeria and Kurdistan, announces that it has today drawn down 800,000 of its 30 million Standby Equity Distribution Agreement ('SEDA') with YA Global Master SPV Ltd ('YA'), the signing of which was announced by Gulf Keystone on the 7th May 2009.

This draw down of funds is the first under the SEDA and brings to 800,000 the amount of funds drawn down to date.

Under the terms of the SEDA, the Company has allotted, conditional on admission, 5,199,239 new common shares of $0.01 each to YA. These shares will rank pari passu in all respects with existing issued common shares in the Company. The new common shares have been issued at approximately 15.39 pence per share representing a five per cent discount to the lowest daily volume weighted average price during the eight trading days prior to this announcement.

In addition the Company has also placed with an existing investor 1,000,000 new common shares of $0.01 each at 15.39 pence per share raising gross proceeds of 153,900.

The funds will be used to advance the development of Gulf Keystone's projects in Kurdistan and Algeria.

Application will be made to the London Stock Exchange for 6,199,239 new common shares of $0.01 each to be admitted to trading on AIM. It is expected that the admission will become effective and that trading will commence on 27 May 2009."

GKP are presenting in London next Thursday evening!

For FREE registration, click HERE

Free to attend, and you can chat to management over drinks and canapes afterwards, in a friendly, informal, and very social atmosphere.

as these have gone to sleep, i took my modest profit a couple of days back, but shall continue to monitor in case Prince Charming appears on the scene

Drilling results at the end of Aug at the earliest, imo.
Am happy to hold with a modest stake.

Starting to wake up again

A well update should be due, they must have hit the 600m level by now and we might get an RNS along the lines of "oil has been encountered at the first horizon and drilling is progressing well", now if we get that : back to 20p within an instant !.