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.

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??

I've taken a few profits.....perhaps too early...will keep the rest.....just can't watch it all the time.....£2.5 billion market cap almost.....hefty....

Directors will soon be in the money?



It is recommended that the 2010 LTIP Options will be available for exercise in equal tranches over three financial years subject to the following performance conditions:



(i) One third of the 2010 LTIP Options will vest on the share price reaching 275 pence.

(ii) One third of the 2010 LTIP Options will vest on the share price reaching 325 pence.

(iii) One third of the 2010 LTIP Options will vest on the share price reaching 375 pence.

from the uva board...

The 19 billion dollar offer is there and after long conversation last night, it looks like it has been surpassed by another offer that is pretty well formulated and is 23% higher and this has the go- ahead it needs and only the Board and the KRG can stop it. Around 8 months ago, I put a figure on the value of GKP, based on what was known, that figure came from specialists in the US on a major exchange, where they look long term. The figure was $43.00 a share and posted on the KOEP board, that has now been surpassed and the specialists I mentioned above have re rated it to $61.00 a share. So confident on that first figure of $43.00 per share the Chinese used the information to line up GKP as their preferred option.
Where does this stand today, well the KRG and Board of GKP know the answer to this question, and it’s about time they were up front.
Where do we stand today, well moves have been afoot to get shareholders on side to accept a lower figure of around £ 8.30 a share to suit a particular company acting in concert with another , and the board may have accepedt this?.
Unbeknown to the Board, they were not expecting a higher offer to get the okay and defiantly not in the public domain,with approval at highest level from another other US Major, and that has had them doing their utmost to have the required percentage of share holdings to rail road through a lower offer than what is out there currently.
Well the field is open to US companies and 2 others, and there is 1 waiting on Shaikan 4 flow rates which are known to be well above expectations, but it could be other US majors have access to that info already.
Where does this leave investors, well it’s simple. There are some High Net Clients invested through Capital R Management and two other companies who are using different brokers worldwide to increase their holdings , but they face stiff competition from others who have the inside track and who are only buying to make a quick buck, and may have been enlightened on the turnaround time for a quick deal
Now will MG and other Financial Houses line up and accept the low offer, or will they and others be prepared to look at the whole field?
Unfortunately, fund managers have a role here and they need to be persuaded to stand back and think about their individual clients that are invested in their funds. Will this happen, I don’t know, but what I do know is some big players in the US are buying all the way up to $6.30 per share and may go above this.
" Now that is for them to decide, and in no way is a recommendation for anyone to buy. The buying of shares must be down to the individual who must do their own research and make decisions based on their own circumstances"
GRH1 has alluded to the flow rates out of Shaikan 4, and along with Dalesmann and Zengas, they both have put together information that shows just how much GKP should be worth per share.
Now in my opinion based on what I understand, PI’s have a role to play here, and it’s entirely possible to stop the lower offer from getting through, especially in light of what is known, and that is the $19 billion offer, and another that is 23% higher and been given the go ahead.
Keep in MIND the re rated figure of $61.00 per share and the figure of $43.00 a share, the Chiniese used when making GKP their preferred option, as these are very important for investors to focus on.

CJ By Chicago Jack

Had to buy them back.......just keeps on rising....might be over 300p by tomorrow....quite incredible...

London midday: Resource stocks lift Footsie, Gulf Keystone jumps

Date: Tuesday 10 Jan 2012

Market Movers
techMARK 1,901.59 +0.31%
FTSE 100 5,675.84 +1.13%
FTSE 250 10,358.68 +1.05%
LONDON (ShareCast) - Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders.

A big mover was Gulf Keystone, the AIM-listed oil and gas firm, which shot up over 16% on unconfirmed speculation that it could be sold, according to Bloomberg. Gulf Keystone reported this morning an agreement over options at two of its sites with the Kurdistan Regional Government (KRG). The firm has agreed that the KRG may assign an interest to a third party in both the Shaikan and Akri-Bijeel blocks.

i would not be surprised to see 300p smashed today - demand is massive - already easily passed yesterdays volume! :-)))))

even within the hour maybe!!

RF i believe they trade on a pink share(not sure how it works) and yesterday they were around 232p,somewhere near to the opening SP. So what will they make of todays news and where will that take the SP?

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

niceone niceone - good point :-))))

baler - i would not want to be out of gkp right now!!!! lol

Lovely lovely lovely

i have a confession - about an hour and a half ago, just before i went out, i topped up by 50% at 250 ..... oh dear oh dear!!!

money for old rope :-))) enjoy the profits as they keep rolling in

waiting 300p....................................................