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.

Youngman..tatatatatttaaa...I said youngman...tatatataaa...youngman.....macho..macho..machoman.....
really catchy tune.....can't quite remember where the hell I heard it....

see no reason not to end day in region for 165 to 175 probably nearer 170 gl :-;

oh and.......................

kerrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggggggg

again!

also

yeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

great week here for everyone

fill ye boots!

dont forget pot. to rerate to main market here!

&.... keep in mind....

http://www.aknews.com/ar/aknews/2/262840/

http://bit.ly/pwqdqu

Advisor: Baghdad has no right to review oil contracts

20/09/2011 16:34



.. Baghdad, September 20 / Spettmar (Rn) - An adviser to Iraqi Prime Minister Nuri al-Maliki Tuesday that Baghdad would not be able to review oil contracts without the approval of companies contracting with them. .. The chancellor said the government's legal Fadel Mohammed Jawad told the Kurdish news agency (Rn) that any legal changes on the oil contracts require the consent of the parties regarding the lifting of the production fields or cancel some of the items in the contract. .. He noted that the right of the House of Representatives review the contracts entered into by the government. .. He said that the party wishing the amendment shall bear the consequences

upping today's estimate to the 170 - 180 range!!! lol

profit takingg - not unexpected i suppose

strong buying

See 1821.............

FT-Goldman Sachs,Takeover/Buy List
September 22, 2011 8:14 pm

Small caps: oil explorers ripe for predators
By Steve Lodge and Bryce Elder

Oil explorers were in focus on Thursday after Goldman Sachs argued that the sector was trading at levels that were likely to attract predators.

The dislocation between the long-dated crude price and E&P [exploration and production] equities has become extreme and is now at levels comparable with early 2009, Goldman told clients. We believe this dislocation represents an opportunity for well funded larger players that are struggling to grow to make acquisitions and that this activity could re-rate the E&P sector.

Names on Goldmans list of potential targets included Falklands explorer Rockhopper Exploration , down 6.8 per cent to 194.9p, Chinas Green Dragon Gas , off 5.9 per cent to 7.9p, and Albania-focused Bankers Petroleum , which fell 8.8 per cent to 260p.

Goldman also argued that valuations had been depressed by market concerns over explorers access to funding.
Although we recognise that many companies will require additional funding to develop assets or extend exploration programmes, we believe that, in general, the sector is funded for significant catalysts in the short term, it said.
Goldman also added Gulf Keystone Petroleum and Tower Resources to its buy list as part of the review, while adding Desire Petroleum and Hardy Oil & Gas to its sell list. But Gulf Keysone was off 5 per cent to 151p, Tower lost 1.7 per cent to 4p, Desire retreated 5.3 per cent to 18p and Hardy was 1.7 per cent weaker at 198.4p in a generally torrid session for natural resource companies.

Small caps: oil explorers ripe for predators

Looks like the ,arket approves.buys going through at 158p.

http://www.investegate.co.uk/Article.aspx?id=201109230700097918O

not a day to be suckered back into the markets ..... ftse already falling back though it is a reasonable bet that it will stay above 5000 for w/e at least

< http://www.kurdsat.tv/news.php?id=189&type=kurdistan

Holding up nicely but the drops elsewhere are way overdone now in my opinion......the world might be in a bad state but I reckon it will chug along for a few years before pulling itself together again.....perhaps the bank of england ought to raise interest rates by a token mesure as that might inspire the markets into thinking that inflation and such will be kept under control.....

Just to calm your nerves
JOKE

Never mind about the markets dropping ...
I'm more worried about where that f**kin satellite is going to land!!
Attention ... Hard-hats on and head for the bunkers ... !

An Oil Supply Squeeze Is Coming In The Years Ahead
September 22, 2011

http://seekingalpha.com/article/295297-an-oil-supply-squeeze-is-coming-in-the-years-ahead#comments

http://af.reuters.com/article/energyOilNews/idAFL5E7KM3ND20110923

http://seekingalpha.com/article/295297-an-oil-supply-squeeze-is-coming-in-the-years-ahead#comments

Machoman use the link symbol above box and paste your message.

http://www.kurdishaspect.com/doc092210BB.html

Kirkuk-Ceyhan pipeline belongs to Kurdistan



Kurdishaspect.com - By Baq Barzani



Iraqi Central government strives hard to block Kurdish Regional Governments (KRG) prerogatives over exploration, production and export of petroleum resources in Kurdistan.



Independent contracts signed by KRG with numerous private international oil firms such as Norways DNO, Heritage Oil (Canada), Al-Aabar Petroleum (UAE), Switzerland-based Addax Petroleum Corp were previously considered unauthorized and unconstitutional by Iraqi anti-Kurdish oil minister, Husayn al-Shahristani.



Not only has the central Bagdad government bereaved KRG of its inherent, legitimate rights to a fraction of the intact Iraqi oil, which theoretically belongs to all Iraqi populace irrespective of ethnic composition, but also it deems reserving monopolistic right over trading Kurdish oil fields in and surrounding Kirkuk and other major parts of Kurdistan to foreign states short of any deliberation with KRG.



Having cut supplies of some fuel products to Kurdistan by 50 percent earlier, and incessantly warning to abolish all existing oil contracts in force in Kurdistan, Shahristani abuses his authority and acts on behalf of certain permeating governments. He has admittedly received millions of dollars in enticement money and continues to serve adjacent Syria, Iran and Turkey by permitting them to plunder the Iraqi national assets irrationally.



Turkish Lobbies in Washington, DC and Turkish firms in Iraq such as Turkeys Turkiye Petrolleri Anonim Ortakligi (Turkish Petroleum CorporationTPA O) are acquiring oil contracts by means of offering bribe to corrupt Iraqi officials in Bagdad, including Shahristani.



On September 19th, Shahristani extended a 15-year accord with Taner Yildiz, Turkish Energy Minister, to export oil from the Kurdish Kirkuk oil fields to the Turkish port of Ceyhan devoid of any endorsement from or the slightest coordination with Kurdish authorities whatsoever.



Kirkuk-Ceyhan pipeline, also known as the Iraqi Turkish pipeline, runs from Kirkuk, Kurdistan to the Ceyhan in the Mediterranean region of Turkey. The link carries an average of 500,000 barrels of oil a day and its capacity is expected to soon upgrade.



Located in the Kurdistani Kurdish Kirkuk province, Kirkuk-Ceyhan pipeline directly rests in sphere of KRGs influence. Implementation of article 140 should automatically incorporate Kirkuk-Ceyhan pipeline into KRG geography.



Since KRG officials were not summoned to attend the oil-contract extension ceremony signed between Iraq and Turkey, nor were its views inquired on the matter, therefore, KRG reserves the right to annul any enforced contracts between Baghdad with its neighboring countries likewise.



Iraqi oil is being overpumped and overproduced in every corner of Iraq, with most of it streaming into the pouches of the neighboring Turkey, Iran, and Syria. Clannish leaders in South of Iraq have launched their own hush-hush oil-producing and oil-selling corporations.



Indicated figures and diagrams by the Iraqi ministry of oil do not reflect the true information about the oil production, consumption and export proportions.



OnOnly estimated 15 percent of Iraq's oil reserves are located in and around Kirkuk, Mosul and Khanaqin. About two-thirds of production comes from the southern fields.

Signing a 15 year contract on behalf of Kurdish officials is null and void. It is a deliberate act of depriving a nation of its intrinsic rights and pilfering its national assets.



Instead of opposing the Kurds, Shahristani needs to divert a modicum of his focus to the abuse, mismanagement and embezzlement of government funds and resources that is occurring in central and Southern parts of Iraq in an immeasurable rate.