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.

cynics earlier post ref krg backin rights must be a serious consideration also - perversely it may aid any t/o or make it much more difficult dependent on various parameters in iraq - which is why sinopec best option as apart from their obvious big fat wedge of wonga chinese are more receptive to non std procedures unlike western cos especially in the case of krg - used unserialised notes and brown envelopes springs to mind LOL! gla

If as suspected Exxon is the BIR partner,todays rise will look tiny imo?

rf - sorry to hear that but it helps to share the pain of that one!! gl

nice ii buy 82000 @ 243p just slipped through - 1 hour gone should be good for another 10% here today from these levels imo

i have been discussing today's rns with some folk - chatter is that this is the kind of rns released for clarity reasons prior to any t/o so they say.......

anyhow i like this part in addition to other saliant points within it... 'Pursuant to the provisions of the respective PSCs, the Company's past costs in relation to the Third Party Interest will be reimbursed to Gulf Keystone by the nominated Third Party Participant.'

interesting volume today so far - 9.9M v 19M or so all day yesterday?

looking like another strong finish today!

i mean who in their right mind would want to be out of gkp tonight - lol :-)))

257p target for 2day!

still gushing at 245p rock on tommy!!

500 P target.

Taken from a post,15% of the BIR payment to GKP.

There's no question GKP could do with the 15% BIR payment which would be very useful as this is two delays to the 3rd party BIR award despite such a massive oil find, but this is irrelevant in the scheme of things and GKP imo are going along with the KRG strategy for Shaikan.

am still manfully resisting the temptation to buy even more, even at these elevated prices

Got the stock but forgot to get a spread a few days ago.....probably won't add.....£2 billion market cap now.....

Told you did I not :)

LOL :)


Proselenes - 09 Jan 2012 17:18 - 2268 of 2299
Lovely lovely.....250p soon ! :)

I wonder if the RKH ramping muppets who accused others of ramping GKP recently are so cocky now........ :) LOL

I find it pretty sickly after all the deramps last year for you to start crowing....

From the well respected scamaouche,hope he doesn't mind?




'It strikes me that today's RNS does several things:

1. It clarifies the position in respect of the BIRs, confirming that they apply ONLY to the SHAIKAN and AKRI-BIJEEL licences.

2. It highlights that these BIRs have YET TO BE ALLOCATED... and that GKP has agreed an extension to the previous deadline of 31 December 2012. (Presumably therefore so has MOL!)

3. It makes clear that the Working Interests COMMONLY REFERRED TO for each of these licences have been GROSS, but that this percentage will change when the BIRs are allocated and KRG interest is taken into account ( making it easier to understand any valuations applied in the event of a sale perhaps?).

4. It highlights that Texas Keystone's Net working interest of 3.4% will also pass to GKP in due course - there have often been some doubts expressed about this.

5. It confirms that some BACK COSTS will also be PAID to GKP once the BIRs have been allocated... which will be a useful addition to the company's coffers.

6. It confirms the sequence of events that will follow shortly -
"AFTER the Government of the Kurdistan Region of Iraq has EXERCISED its Third Party ASSIGNMENT OPTION in the Shaikan and Akri-Bijeel Production Sharing Contracts ("PSCs"), the respective PSCs will be further AMENDED and Gulf Keystone will issue an appropriate announcement."

In short, the RNS leaves no room for any doubt or confusion, just as BBBS helped to ensure in one of his recent posts (Does the BoD read BBBS posts, I wonder - I bet they do!)

The interesting point though is why the announcement has come today (it could have come any time after 31 December 2011), and what might be the implications....

My feeling is that whoever takes on Shaikan will acquire the BIRs and both the interests of GKP and MOL in that licence.... as a super-major will probably want complete freedom in developing such a massive field, unencumbered by any much smaller entities (even such as GKP!)

And the same may presumably also be true of the Akri-Bijeel licence - could we see a different major developing that field, I wonder?

Oh, and regarding today's price rise.... and GRH1's recent 'wouldn't want to be out' post...
Yes, it sems to me very likely that any super-major competing for GKP's assets 'would not want to be out' and might have a serious fear of the consequences.

But I would add that for a 'de-risked GKP' - with an SP still less than 20% of the likely take-out price - no self-respecting Institution/ Fund Manager would 'want to be out' either!

Maybe the worm has turned at long last, and anyone selling or shorting in the present climate needs to think very carefully about the possible consequences!

Perhaps it is also nearly time to rename the popular phrase on this board that I believe originated in the USA to..... 'Shaik-an awe'!

AIMHO and please DYOR.

GLA, scaramouche'

many thanks

See 250p+ on offer.

Who says that this will be taken over for sure....they might go it alone...in that case this is going to spike....and retrace a little ....

Anybody like to guess where the top is ?.....I'm getting nervous....