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.

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?

looks to me to be holding steady today around 270p till more news comes .,.

are you on the chepstow side of the river cyril or Bristol side??

Cgepstow side,although i worked for many years in Bristol.

15.5M traded - this is v good

just have a feeling will see real movement north around 11am onwards looking as is and trends so far gl

I've been wondering if a holding RNS was due?

EddieCantor2 Eddie Cantor
Chinese "concert" is acquiring significant stock in GKP I have been told. Percentages to follow.
16 minutes ago

lol ususal routine taken down to 260 to trigger auto sells - and as far as they can - why do peeps set stop losses on aim?! but hey ho will come back buyers mopping up

that is the chatter nice1

mostly little trades though gib, need some big guns to make it move.,.

tumbling a bit which is unnecessarily unkind! ...... with some thumping profits around, i guess it's not too surprising with no immediate additional news

Picked up a spread on the dip....we shall see.....

lol perversely this is a good time to buy - freed up some more funds to get more at this level - will end the day blue imo - easy pickings

interesting post elsewhere:

'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.'

my gut feeling is if the sp stays around 256p most of day, by 4pm it could drop to 240 with no news. May be temped to trade a few around lunch time.,.

In this case gut feeling has not much to do with it....frankly it could go anywhere.....I'm staying put because we probably will see 300p plus again this month....perhaps more.....I'll pick up more at 240p...

well its so volatile at the moment i am just gonna sit tight - i topped up on the dip so v happy with that if not 300+ today it will soon - would expect nearer 400 in the not too distant even next week!!! and if a t/o rns is out only a mad man/woman would not want to be in gkp tonight - you just watch sinopec - they are the real interest the others are a side show for now and if they dont get moving with an offer sinopec will snatch it from under their noses - they have plenty of cash to take out gkp many times over and others in the region - i have more again in here than i wanted to risk but no longer see it as a risk anymore than any other share (caveat htt, ldp,hmv, yell, wgp, jjb, et cetera LOL!!!)