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.

Must admit I had another dabble not long ago.,.

Also tried a dummy sale.....went to negotiated trade only.,.

hope for increase....

i guess one now just stays put though some profit-taking was inevitable

From mansooreo on the uva bb


Morning.
So let me just say that I am typing from my phone on my way to work so apologies for the typos.
I posted a few weeks ago about my friend who works in ebril who has some insight as.to what is.going on. I reposrted back that he said no bids were tabled and take over is 12 months away but people are aware.

Ok so I haven't read any of the posts today just.logged on to share that out.of the blue I get a phone call.from.him, and he never does this. He said we got.huge news.appqrt.from BB1. Basically he has learned that there have been several offers in the last.few.weeks with 2 in the last week.

He.said initially that thus was a done deal with Exxon due.to geopolitical reasons but recently there has been a $25b + bid slapped down!!! He thinks it is from chineese. His opinion is that the krg are in a tight.spot as they want the Americans there bit.now this.is a game chnager.

He has.no idea if this bid.will be expected but he said that the gloves are.off the bidding is.truly.undrway even.though. it is behind closed doors. He is giddy like I am.

He said we either get taken out within a few months by a low ball offer by Exxon or we get blown away. He also said chevron placed a bid lower than Exxon but doesn't have a number.

This 25b bid is massive if it.goes through but he.also mentioned that again BB1 is bigger than everyone expected including shaikan.

Will.type.more when I am in the office and not on the metro.
Need to filter the posts!

Gla just reporting back

another 2.5hrs today :-)))))

Probably the best thing is to stay put...agreed...

definitely rf - it will come back for sure this was to be expected

&

Pinks - Bid is 4.68 ask is 4.72. Yesterdays $3.52.

:-))

v good buy in sp right now

Well if it finishes above 250p(and it should easily),the a very good day imo.
Back to reality,chores to do.

good luck with the chores nice1 - hope your gkp rns alert is set to your mobile device :-))

that's dull - a bundle of profit handed back, at least for the moment

Good finish to the day me thinks.,.

http://ih.advfn.com/p.php?pid=squote&symbol=GUKYF

Latest rate $1 =0.6656

4.46*0.6656 = £2.97p

http://www.lse.co.uk/member-info.asp?nick=nobletrader

st posted by CJ on uvver place


Be Warned


Chicago Jack

17

TK will shaft Pi's , he has donme before with is under handed arrangemements and will again, he as the morals of an Alleycat, thats why I posted the facts of what offers are out thier.
Good luck
Regards
CJ

UPDATE: Gulf Keystone Shares Soar On Renewed Deal Speculation
Date : 10/01/2012 @ 16:59
Source : Dow Jones News
Stock : Gulf Keystone (GKP)
Quote : 266.75 45.75 (20.70%) @ 16:35
Quote Chart Trades Level2





UPDATE: Gulf Keystone Shares Soar On Renewed Deal Speculation
PrintAlert
Gulf Keystone (LSE:GKP)
Intraday Stock Chart
Today : Wednesday 11 January 2012
Shares in oil exploration firm Gulf Keystone Petroleum PLC (GKP.LN) soared Tuesday afternoon after a press statement about third-party development licenses stoked renewed speculation that oil supermajor Exxon Mobil Corp. (XOM) may be interested in buying the company or becoming involved with its oil field development.

Shares in the company, listed on London's junior AIM market, closed up just over 22% at 270 pence, having earlier traded up by as much as 25% in London.

The latest round of speculation followed a statement Tuesday in which Gulf Keystone reaffirmed that the government of Iraq's semi-autonomous Kurdish region has the right to acquire a portion of its Shaikan and Akri-Bijeel oil fields, or nominate a third party to acquire an interest in them.

"After the government of the Kurdistan region of Iraq has exercised its third party assignment option...Gulf Keystone will issue an appropriate announcement," the statement said.

Gulf Keystone issued the statement Tuesday to notify shareholders that new amendments to the production sharing contracts for the Shaikan and Akri-Bijeel had extended the right of the Kurdish Government to acquire a portion of the licenses beyond the original term, a person familiar with the matter said.

A spokesman for the company declined to comment on the sudden spike in the company's shares.

Shares in Gulf Keystone have risen by as much as 90% in the past three months, and it has been the repeated subject of takeover rumors after Exxon Mobil became the first major Western oil company to enter Kurdistan.

Gulf Keystone operates the huge Shaikan oil field, which is estimated to contain billions of barrels of oil, but will require a large investment to commercialize. Many industry analysts expect a large company, such as Exxon Mobil, to eventually acquire Gulf Keystone in order to fund this large development.

The company itself has acknowledged this is likely. "If the big boys come in and all [oil license] blocks were taken, they're going to buy stuff," John Gerstenlauer, chief operating officer for Gulf Keystone said in November. "There's a good chance we'll get bought," he said.

In December Gulf Keystone was forced to issue a statement denying that it was close to being acquired by the oil giant. A report in the Independent on Sunday claimed that Exxon Mobil had "sounded out" Gulf Keystone and was close to offering 800 pence per share for the company, valuing it at GBP7 billion. The report said rival oil majors including China's Sinopec and California-based Chevron Corp. (CVX) were also "monitoring the situation."

Gulf Keystone said at the time it was "not in discussions with regard to a sale of the company.

Gulf Keystone isn't the only Kurdistan-focused exploration company to have seen its shares rise on speculation about opportunities in the region. Oslo-based DNO International ASA (DNO.OSL) saw its shares rise this week when it released a new estimate of an oil field which it operates in Kurdistan.

Shares in DNO International closed up in Osl Tuesday by nearly 11

well chatter is that an offer will be forthcoming well before q1 is out so expecting 300p to be smashed here today - look out for more ii buying - gla

just a couple of the ii trades yesterday:

10-Jan-12 18:32:47 280.80423,041Buy* 225.00300.00 £1.188MTrade Type:
Bargain Conditions apply

10-Jan-12 18:32:46 269.28436,582Buy* 225.00300.00 £1.176M

lol

there is a danger that we all get carried away with excitement and greed, though the consistently massive volumes over the last week certainly suggest more than aggressive day-trading