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.

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!!! :-))))

very strong buying should move to the 270 - 280 range soon then???

The former describes having a few pints of beer......will need a bit more than that to force them into selling out !....

lol rf - 1 hour gone 9.5M traded majority buys by a mile - NICE :-))

'ere we go

yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaa

and over 7 hours to go!!!

300p today seriously.

300p today seriously.

very strong north trend!!

definitely maybe more

going mental!!!!

hmmmmmmm there is a regular ii buyer in 25,000 chunks - with the bigger trades (i.e. £1m+) yesterday and today would expect holdings rns at some point soon

few sellers on the offer book - and they're off at chepstow as my old dad used to say

Chepstow,just 16 miles down the road.

Only about 10 mls for me cyril

http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/7943/views-from-the-trading-floor-tuesday-10th-january--7943.html

All eyes were on Gulf Keystone (LON:GKP) again today as persistent bid speculation would not go away. The stock traded huge volume of 48 million shares and traded at 319p at its high on the day (+34.12%). The company also confirmed that it has agreed that pursuant to the provisions of the Production Sharing Contract regarding the Shaikan block as amended and the Production Sharing Contract regarding the Akri-Bijeel block as amended, the Third Party Assignment Options held by the Kurdistan Regional Government of Iraq under the terms of Article 4 of the respective Production Sharing Contracts remain valid and exercisable. 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. I would be surprised if the exchange was not already talking to Gulf Keystone asking them if they know of any reason for the share price movement, watch this space!

See a slight retrace,waiting for a shake(one can can't one?),i'll take the dog for a walk
and see what happens? I've enough that if if a TO happens to make me v happy,just a touch of greed,or is it looking a gift horse in the mouth?