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.

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

will be watching very carefully.,.

not so bouyant this morning, wonder where it's going??

good volumes

after initial stutter looking good imo :-))

3M + already :-))))))))))))))

in the blue

another yeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaa day ahead!!!

3.5M

4.5M and strong buying - this is good

but very difficult to know how much of that is aggressive day-trading

analysing at the moment - but trending up - noted a lot of auto sells being triggered as required at 270 but that will pass soon

7M + only just over half hour gone!!

Holding up well so far.....

http://www.thisismoney.co.uk/money/markets/article-2084938/MARKET-REPORT-Gulf-Keystone-billion.html?ito=feeds-newsxml

MARKET REPORT: Gulf Keystone is one in a billion
By GEOFF FOSTER
Last updated at 12:08 AM on 11th January 2012


Surely its got to be a first. An AIM market stock with a market value of £2.28billion. Step forward Gulf Keystone Petroleum. Shares of the oil explorer gushed to 319.94p in hectic trading before closing 45.75p up at a 52 week high of 266.75p as takeover speculation intensified.

More than 48million shares changed hands after the company announced it has reached an agreement over options at two of its sites with the Kurdistan Regional Government (KRG).

Gulf Keystone also revealed that its partner Genel Energy has estimated that the Ber Bahr block could hold resources of 1.5billion barrels of oil equivalent-initially-in-place. With Gulf Keystone sitting on a world class discovery of oil, its days of independence surely must be numbered.

Exxon Mobil, the world’s largest energy company, signed contracts with the KRG in November for six oil exploration blocks. It was seen as a massive vote of confidence for the area and sparked speculation that Exxon would soon hoover up any attractive quoted company active in the Kurdistan region.

Punters therefore responded eagerly to revived gossip that Exxon is lining up a knock-out cash offer for Gulf Keystone, which if it continues to trade in a northerly direction could be the first AIM stock to be big enough to gain promotion to the Footsie.

If it ever did join the elite, it would then rub shoulders with insurance giant Aviva, which itself was the subject of revived bid chatter.

Well GKP themselves have already said it is very likely they will be taken out at some point for either some wells or the whole company - the latter is the definite favourite - sinopec are in the middle east next week and chatter is they may very likely be calling in at gkp!!! :-))))