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.

Never know what to expect next......still think that a takeover is a big, big, possibility....

so that story didn't last long!

Yes,about time too. Unacceptable delay imo,which does not go down well,especially
as a director gave info to a reporter(completely put of order).

Some comments around the boards.
Reporter(via twitter)stands by his article,expected the denial this am.
Some feel the RNS is carefully worded(in the present tense),
SP up more than 12p,but more important it's now well on the radar screen?
Also only several days trading left and Bekhme-1 results promised, DEC.

45m traded today and i'm also very happy to keep holding

the press release ex reuters is as below

LONDON, Dec 19 (Reuters) - Gulf Keystone Petroleum Ltd :

* Petrol - response to press speculation
* Notes the continued unfounded press speculation regarding a potential offer for the company

* Confirms that it remains committed to creating value for shareholders

* Board is not in discussions with regard to a sale of the company


cyril's reportage from other sources it is rather clutching at straws, but time will tell

Glad I kept my cash in my pocket, still hold what I've got and happy to wait and see. still think 150 - 160 till new yr.,.

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If only the Falkland's oil was that easy to drill

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Todays news, Spudding os S-6.
http://www.investegate.co.uk/Article.aspx?id=201112200700132888U



An interesting read.

Ray Zondetra on iii:

I rarely post on the GKP BB, but as a board director of a leading London PR agency (and owning a decent stake in GKP), this story is just so easy to read:

1. This story came from GKP IMO. Look at the detail in the story and examine the recent significant behavioural change including rushing out an RNS on a drill where they are not even the operator.

2. Classic end of story line in the Indie on Sunday - GKP "declined to comment". How many times have I needed to get a story out but insisted on this end line! Usually a condition of any leak!

3. Look at the GKP statement as stated by Hub. Having written numerous holding statements in my time for various clients for national newspapers, it's all about the EXACT wording. Ignore the eegits who claim this is a comprehensive denial, they're talking total rubbish. They have left so many options open of what could be happening you could drive a horse and cart through. When you issue a denial statement you always need to leave a way out if needed... staying two steps ahead.

4. The "baseless" claim given to the Dow news wire is a classic back covering exercise from an unnamed source at GKP. Always good to to demonstrate to your partners that you're working with them and not solely for your own interests. No wonder they remained nameless...

5. I am not surprised the RNS arrived late in the day. With clearance and approval time, including commentary from a potential army of lawyers and PR's in both Iraq and the US. The benefit of the RNS arriving late suited GKP, as newswires across the world, including - crucially - the US picked up the story BEFORE the late RNS. A 7am RNS would have prevented global pick up of the story.

6. Mark Leftly - used to cover the media patch on the IoS. Not had many dealings with him but he is well respected in the industry and a good journo.

Far more confident after today's fun and games!

GLA

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From todays news,Gulf Keystone is pleased to announce that the Shaikan-6 appraisal well has spudded on the Shaikan block in the Kurdistan Region of Iraq on 16th December 2011.
SO WHY NOT YESTERDAY???

And if this correct,more fireworks to come?

iii
Independent article

golfguy31

4

Mark Leftly has apparently been passed further info re' the possible offer (on Twitter). You can be sure that he doesn't want to be made to look a fool by the BoD's.....It wouldn't suprise me if he realised a second article adding weight to the first.

The BoD will be put in an even tighter position.

Mark Leftly was also the man who wrote a detailed artcile on Todd's divorce affairs earlier in the year.....he has VERY good contacts with regard to GKP....you can be sure of that

From todays Times.



Tim Webb
December 20 2011 12:01AM
Shares in Gulf Keystone Petroleum ricocheted almost from one extreme to another yesterday after rumours emerged that the explorer was in takeover talks with ExxonMobil.
After the AIM-listed, Iraq-focused group denied that it was in £7 billion bid talks with the oil major, its shares, which had risen by 36 per cent in early trading, slipped much of the way back. They closed nearly 8 per cent higher at 178¼p. Exxon declined to comment.
However, Gulf Keystone held out the prospect of a future disposal when it added that “it remains committed to creating value for shareholders, via the continuing 2011-12 exploration and appraisal programme on its world-class assets in the Kurdistan region of Iraq”.
Gulf Keystone has been the subject of several takeover rumours in recent months, having made one of the world’s largest discoveries, the Shaikan field in the semi-autonomous Kurdish region of Iraq. The field is estimated to contain about 10.5 billion barrels.
ExxonMobil flagged its interest in Kurdish Iraq in October when it became the first oil major to sign an exploration contract with the Kurdistan Regional Government. The contract covers acreage next door to the Shaikan discovery.
The news reignited the row between the KRG and the Iraqi Government. The two have been wrangling for five years over a new Iraqi oil law that will set out how the country’s huge oil wealth will be shared. Baghdad has warned that any contract signed with the KRG before a law is agreed is illegal. The threat of being blacklisted further south in the country has deterred oil companies wanting to operate there from entering the Kurdish region.

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Make of this what you want,actually topped up again on the drop.I believe Bekhme-1 is big and it won't be long to find out?

this was on 3eye at 12:46(Millymog):

Under way, board meeting 10 days ago.... Specifics that would bang you in court if you couldn't back it up..

Wake up folks, we are being sold out and gkp can stop with the " all the attention we need" and not in talks to sell gkp,
Todd has hid under laxed aim rules for long enough, look how many well respected posters came out " the cats out of the bag" don't be the last to find out as usual, this time the little guys gonna get paid because we have what the biggest want, a slice of the future.

Le Mog

http://www.aknews.com/en/aknews/8/279426/

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Yes a quarter million purchase near end of day and a couple of delayed sells.i believe?
Another 17m+ trades today,no letting up.I think pi's don't accept the denials,so it could be a frantic time for GHP?

Algeria approves Gulf Keystone's exit from BG-led gas project


London (Platts)--20Dec2011/935 am EST/1435 GMT




Algeria's council of ministers has approved the exit of the UK's Gulf Keystone Petroleum from the Hassi Ba Hamou gas project in central Algeria, allowing the UK's BG Group and state-owned Sonatrach to increase their stakes in the project.

In February 2010, an agreement was reached between Gulf Keystone and BG for the transfer of Gulf Keystone's 38.25% interest in the Hassi Ba Hamou permit to its partners.

But the agreement was delayed as it awaited approval from Sonatrach and the Algerian government.

According to a statement from the council of ministers, BG now holds 65% in the Hassi Ba Hamou project, up from 36.75%.

Sonatrach, which held a 25% stake, now has 35%, the council said. "Gulf Keystone no longer has a stake in the Hassi Ba Hamou project," it said.

Last month, Algeria's oil minister Youcef Yousfi slammed a report that BG was considering leaving the North African country because of the delay over the Hassi Ba Hamou project.

A report in the Algerian online daily Tout sur l'Algerie said BG was preparing to leave Algeria in December this year having failed to reach agreement with Sonatrach on terms of the development of Hassi Ba Hamou.

In June 2008, BG together with Sonatrach and Gulf Keystone made a gas discovery at Hassi Ba Hamou, and said they would discuss how to move to phase 2 of the project.

Gulf Keystone subsequently said it wanted to leave the project to focus on its giant oil finds in the northern Iraqi region of Kurdistan.

--Lies Sahar, newsdesk@platts.com

Similar stories appear in International Gas Report. See
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8718092