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.

From Carrillion on the uva bb:

Iraq: Maliki, KRG and cooperation with US oil companies (30 credits)

Posted on: Tue, Jan 03, 2012

The Kurdistan Regional Government (KRG) is said to be preparing to hold meetings with some major US oil companies including notably ExxonMobil, Chevron and Occidental Petroleum. The following 440-word report sheds light on the subject and tells what about these meetings. It also tells how the KRG expects Iraqi PM Nouri Al-Maliki to react to cooperation between the KRG and US oil companies.
_
http://www.tacticalreport.com/view_news/Iraq:_Maliki_KRG_and_cooperation_with_US_oil_companies/2397

Exxon getting some cash ready ?

http://www.reuters.com/article/2012/01/04/us-exxon-tonengeneral-idUSTRE80308N20120104

Exxon to sell Tonen stake in retreat from Japan: sources

Mon, Jan 2 2012

By Taro Fuse and Emi Emoto

TOKYO | Wed Jan 4, 2012 12:38am EST

TOKYO (Reuters)- Exxon Mobil (XOM.N) is in talks to sell most of its 50 percent stake in TonenGeneral Sekiyu KK (5012.T) back to its Japanese refining partner and unload other assets in Japan in a deal that could total $5 billion, sources with knowledge of the matter said.

The deal will mark a retreat from the world's third-largest economy by the U.S. oil giant, which is focusing its resources globally on exploration and production and shifting away from so-called downstream assets, such as its sales network in Japan...................

Also.

TOKYO (Thomson Financial) - Brazil's state-run oil firm, Petroleo Brasileiro
SA (Petrobras), will acquire a majority stake in Nansei Sekiyu KK, an Okinawa
refinery affiliated with US oil giant Exxon Mobil Corp, the Nikkei reported on
Friday.
Petrobras will acquire the entire 87.5 percent interest in the Japanese oil
refiner owned by Exxon Mobil subsidiary TonenGeneral Sekiyu KK, the business
daily said.
The two companies are likely to reach an agreement valued at several billion
yen this month, it said.

Anothe r4 million traded today,looks to being held at 190p,any attempt to break out,is
greeted with sustained selling?

ON THE MOVE. 195p+

I think we reached a high of £220 in a days trading before now, I doubt that GKP can be held back much longer.

order book looking very strong again too

Looks like news is coming :)

200p broken.

that's a bit premature, but it's trying quite hard which is encouraging in a dull market

It all kicked off at 9am.

So possible someone at broker/nomad/something like that became aware of information and slipped off to the toilet to have a pee (eg SMS their buddies)

RNS coming later today or tomorrow one suspects ;)

hard to know ..... i doubled up this morning at about 196, so it'll be either champagne or sackcloth in due course ..... meanwhile, though price is now nicely through 200 (it needs to hold), the order books remain very strong at 3/1

Shooting up......any news anybody ?....

Genel who is the Ber Bahir operator is presenting next Monday.

http://www.macquarie.com/dafiles/Internet/mgl/msg/iConference/documents/Europe/ExplorersAgenda.pdf

i don't think that has too much to do with today's rise, as otherwise it would be reasonable for AFR to have reacted similarly

Looking at the trades 202.75/203.5p,their is a gap up to 220p+yo fill,just maybe ?

just for info, i attach below the full release of 20th december re shaikan 6 appraisal

20 December 2011
Gulf Keystone Petroleum Ltd. (AIM: GKP)
("Gulf Keystone (LSE: GKP.L - news) " or "the Company")
Kurdistan Operational Update
Spudding of Shaikan-6 Appraisal Well
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.
Shaikan-6 is the fourth deep appraisal well to be drilled on the Company's major oil discovery with independently audited gross oil-in-place volumes of between 8 billion barrels and 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of 10.5 billion barrels.
Shaikan-6 is being drilled 9 km to the east of the Shaikan-2 appraisal well to an estimated total depth of 3,800 metres subject to technical conditions. Shaikan-6, the last appraisal well to be drilled as part of the Shaikan appraisal programme, will target prospective intervals in the Jurassic and Triassic
Shaikan-6 will be followed by the Shaikan-7 exploration well in 2012, which will target potential untapped resources in the lower Triassic and the Permian, the Company's deepest undrilled horizon to date.
Gulf Keystone is the Operator of the Shaikan block with a working interest of 75 per cent and is partnered with Kalegran Ltd. (a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc.) and Texas Keystone Inc., which have working interests of 20 per cent and 5 per cent respectively.
John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented:
"Shaikan-6 is the tenth well to be drilled across the Company's four adjacent blocks and the seventh well to be drilled on the blocks which Gulf Keystone operates in the Kurdistan Region of Iraq. This number of completed and current exploration and appraisal wells comfortably places Gulf Keystone among top three operators in the region. As part of our high impact drilling campaign, planned and funded through 2012, the Shaikan-5 and Shaikan-6 appraisal wells will provide us with better understanding of the flanks of the massive Shaikan structure and its yet untapped resources."

What would be a realistic value, £5+?

qui sait?

Depends on what part for sale,but £8 has been mentioned shailkan alone.

O/Topic PTR are to present on Monday,5 weeks after the OilBarrel one..They were 3 weeks out of synic for news of the fraccing of 5 wells,why present so close unless they
have something worth adding?
Depending on how the fraccing went,3000/4000bopd possible,which if achieved should give some well needed boost to the SP?With 90million P2 reserves and a lot more to prove up,this imho is well undervalued?