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.

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....

This is now pricing in a takeover bid as a fact....

Bloody hell !....(sorry)....

Typical, spend a bit of time on the phone then come back to find 250 well breached and on it's way to 260...........+

What worries me is a possible rns coming : saying the company knows no reason for the share surge other than the shaikan wells going ahead as in the latest update....

270p......gulp....euuh...I mean GulfKeystone....

http://www.bloomberg.com/news/2012-01-10/gulf-keystone-rises-12-on-speculation-that-company-will-be-sold.html

Gulf Keystone Rises 12% on Speculation That Company Will Be Sold
By Brian Swint - Jan 10, 2012 10:56 AM GMT

Gulf Keystone Petroleum Ltd. (GKP), an oil and gas explorer in the Kurdistan region of northern Iraq, rose to a record on speculation that the company will be sold.

Shares climbed as much as 12 percent in London and traded up 11 percent at 245.5 pence as of 10:54 a.m., the highest since listing in 2004. The stock rose 8.6 percent yesterday.

The Bermuda-based company today confirmed that the Kurdistan regional government has the right to buy into the Shaikan and Akri-Bijeel blocks. The Daily Mail newspaper reported that speculation the company will be taken over had been revived after Gulf Keystone last month denied it was in talks with Exxon Mobil Corp. (XOM)

“Gulf Keystone will sell up, that’s the consensus,” said Alex Ogbechie, an oil analyst at Fox-Davies Capital Ltd. in London. “It’s just a matter of time. The agreement on provisions of the contracts makes investors a bit more comfortable.”

To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

&

kerrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnggggggggggggggggggggggggg

:-)))))))))))))))))))))))))

all indicators are for another storming finish later on top of a fantastic day :-))))))))))

Cynic did you sit on your hands or did temptation get the better of you??