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.

OH yes!!

Weird day, it seems...missed most of the action as busy with other things...only a few pennies up at end of play....can't complain as this is a fabulous little company this (if you can call it little now)...

well at least did not end red!! i sold some of mine at profit kept the rest then bought them back (+ extras just over 180) so more bang for me buck - flying at the start and looked like momentum would continue for a while but for various usual reasons plus lack of further news or rns petered out as we saw - gkp and afr :-))))))) many reasons to smile - tomorrow will be interesting if still no new news or rns - looking fwd to it and gla - been a good day again

bb well done good to see you in good spirit

Something wrong with the chart here.....it hit 200p before coming back down to174p or so...but the graph stops at 180p...?.

sprung to life - likely lunchtime buying surge

in your dreams!

lol there was a mini surge - due to a lot of peeps likely locked in just recently they are unlikely to sell at a loss hence not much selling - slightest buying almost immediate impact on sp because of this - wont take much to head north right now - and after all this is a good sp to get in at - could do much worse elsewhere :-))) news could literally come anytime

:-)))

carries on like this = blue finnish!

yeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaa dno up tooo

:-))

http://www.investegate.co.uk/Article.aspx?id=20111116070000P17C1

BG increases stake,from an earlier post.


niceonecyril - 06 Nov 2011 10:11 - 1859 of 1939

Of interest from the 3i's board.

MrA has posted on iii now too



Hello all,

I spoke with Baillie Gifford on Wednesday at their Edinburgh H.Q. Bailey Gifford currently hold a total of 28.5 MM GKP shares, they topped up recently with 15 MM around the same time that M&G topped up too. I have attempted to speak to Baillie G previously on a number of occaisions but they are brutally abrupt and refuse to discuss anything when the GKP words crop up - even partially related topics are not entertained. I got slightly luckier this week speaking to Stuart Dunbar there, the only information I gleamed however from Stuart is that Baillie Gifford are holding GKP on behalf of their Client (not clients plural) just...their Client he added.

Hmmm, sometimes a low sp is representative value to an acquiring purchaser and I wonder if this could be history repeating itself again when around 2 years ago Baillie Gifford undertook stake building in Dana Petroleum prior to KNOC's Takeover. During 2009 & 2010 Baillie Gifford bought heavilly into Dana Petroleum exceeding the holding disclosure threshold level, they continued to buy and add Dana's shares to their portfolio up untill February 2010 even when Dana's share price touched 11 per share.

Baillie G continued to add Dana whils't many other's steered away at that time and questioned both Dana's growth potential AND the improbability of a potential company Takeover.

Please note the doubter's comments below:

November 17th 2009 - FT.Com: ....."Traders have questioned the likelihood of a buyer emerging for Dana, given its North Sea assets are unlikely to appeal to a sovereign buyer and its African exploration prospects would be a poor match for a utility".

Less than 10 months later - this was announced:
September 2010: Dana Petroleum finally agree to an offer of 1.8bn (18 per share) from KNOC, for their 223 million barrels of oil reserves. This represented a 59% Premium to it's pre bid value.

KNOC who at the time held over a 30% shareholding in Dana - they finally persuaded 64% of Dana's shareholders to opt for the certainty of cash in the hand rather than the Management's promise of growth in the future. They really didnt have much choice after major shareholder's Schroders and BlackRock sold their holdings to KNOC.

The T/O price was eventually agreed over a 4 month period - with Baillie Gifford actively and vocally aiding in the final bid-battle target value of Dana.

As far as GKP and II's are concerned we have M&G, Baillie Gifford, and Capita who have all increased their GKP share holdings of late.

We have witnessed the M&G and the Kuok holdings update, and now that Baillie Gifford have breached the 3% holdings threshold level coupled with the amended bye-laws it would be good to see GKP issue a few new and up-to-speed disclosure holdings RNS's.
In all the excitement of Sh4 maybe GKP have forgotten to inform us.

Maybe Baillie G or to be more specific (their 28.5 MM Client) have found a loophole and have GKP split within 2 totally seperate divisions / holdings thus coming in under the radar and negating the need for notification. .....Either way from the many resulting phonecalls - they are certainly a protective and tight lipped lot !


Anyways back on earth or Kurdistan to be more precise:
On the Discovery side, .....oil shows on Ber Bahr hopefully due anytime soon. Fire up the news quattro Tony H and team, we'll gladly grab on to your coattails for the ride.

TD iminent if not already on Sh4.

OIP figs for Bekhme assisting our working interest sale there - come on MOL 12.8% of a lot is STILL A LOT !

Lastly, and hence the heading North x2 - the spudding of Sh5 earlier this week is into new and defining territory. As well as being a colossal step out Sh5 is situated approx 16 km north / north east of SH-1.

Back in June an alert and receptive analyst on the Kurdistan field-trip jollies picked up on a important and pertinent factor highlighting the "more pronounced extent" to both Shaikan & Sheikh Adi on each of the block's Northern formations.
The northern aspect of each anticline is more pronounced than it's current drills - which so far have only targetted the southern aspect's on each block's anticline. This indicates the carbonate would have been submitted to greater stress during its formation - with the high likelihood of increased levels of natural fracturing, and by implication yielding a higher Recovery Factor / higher oil-flow rates.


Good luck all,

MrAverage1

Many thanks for your usefull info.please keep it coming.

http://www.ft.com/cms/s/0/87b4dbe8-107f-11e1-8010-00144feabdc0.html#ixzz1duSV9l1N

if you've got some spare cash, then this is probably a good time to tuck into a few more of these ...... sp has fallen in sympathy with shell pulling out of the region, but of course the one is nothing to do with the other

Have a look at TRP...I know it's a minnow.....but the graph looks set for a recovery....

no thanks! .... this isn't a time to be piling into amoeba blue-sky companies

Come on....just a teeny..weeenny...trade...(little voice)...come on...

LONDON (Dow Jones)--Exxon Mobil Corp.'s (XOM) controversial deal to explore for oil in Iraq's Kurdish region will undoubtedly change the politics of the industry in a positive way, John Gerstenlauer, chief operating officer for Gulf Keystone Petroleum Ltd. (GKP.LN), said Thursday.

"There is no way that a player the size of Exxon can do what it has done and not change the dynamics," Gerstenlauer said at the Oil Council conference in London. "At the end of the day, it has to be positive for Kurdistan."

Exxon Mobil last week became the first of the major international oil companies to enter Iraqi Kurdistan.

The move has prompted threats from the Baghdad government, which has long said contracts between the Kurdish government and oil companies are invalid, and that ExxonMobil could lose its licenses in southern Iraq if proceeds with the deal.

ExxonMobil's entry into the region shows that the industry has confidence that oil contracts with the Kurdish government will be honored, despite Baghdad's protests, said Gerstenlauer. "It's brought an element of credibility to them," he said.

ExxonMobil's entry, and the prospect that more major oil companies will follow, is also likely to trigger, "a wave of consolidation," Gerstenlauer said.

"If the big boys come in and all [oil license] blocks were taken, they're going to buy stuff," he said. The smaller companies that currently dominate the Kurdish oil sector, "are going to be bought up," he said.

"There's a good chance we'll get bought," he said, adding that Gulf Keystone hasn't yet had discussions with any company that could afford to buy it.