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Gulf Keystone Petroleum (GKP)     

goal - 15 Mar 2005 17:17

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.

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gibby - 11 Jan 2012 11:41 - 2405 of 5505

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!!!)

required field - 11 Jan 2012 11:45 - 2406 of 5505

Picked up a few on the dip....as well.......risky but it's worth it at the moment !.

gibby - 11 Jan 2012 12:07 - 2407 of 5505

agreed rf - it is a risk as always but i too think its worth it - i have weighed up the positives and negatives and the upside potential makes the risk worth it still many times over at these levels - i wonder what the lunchtime crew will do now ref gkp?

required field - 11 Jan 2012 12:11 - 2408 of 5505

Strong support at 250p......if this continues then it might be a platform for an afternoon recovery.....the bid or bids have not gone away.....so much oil in the ground that for 2.5 to 3 billion : you get 10 billion plus pounds worth !.

required field - 11 Jan 2012 12:18 - 2409 of 5505

When I see what happened yesterday : I can't understand why people are selling today ...it was yesterday the day to profit take and today : you get back in....why are people working this out the wrong way ?...

Adacol - 11 Jan 2012 12:21 - 2410 of 5505

Gibby.....what do you see as a better bet (lower risk) at the moment...GKP or AAT if I had more money to put in?

gibby - 11 Jan 2012 13:09 - 2411 of 5505

adacol - that is a difficult question as i am in both!! aat going fwd have great pipeline orders, some recent substantial order wins, making a profit, lloyds have just recently agreed to support them due to the nature of their business they can have short term higher borrowing costs, pension repayments already started and agreed schedule to get the deficit down to nil etc - i personally expect good contract wins there between now and end feb to push current sp up especially in the US with the company they acquired over there - but what a question lower risk gkp or aat!! i would prefer to say that i see a much quicker high return with gkp but aat to get back to 2p + may take 1 year or bit more - i would say gkp is a lower risk right now caveat the political situation in iraq does not deteriorate - but i am happy enough with gkp to risk more than i normally would as upside potential v risk is huge

gibby - 11 Jan 2012 13:29 - 2412 of 5505

expect to see a rally here before cob imo - many just wont want to be out right now and have a sleepless night!!

gibby - 11 Jan 2012 13:37 - 2413 of 5505

a positive from today is that we found bottom and bounced off it - lot was auto sells which is typical and a lot day trade - from my analysis most the day trading below today's low has now been completed - looks nice and blue again gla

trend up never went away just a glut of ot and day trade mainly smaller qtys

Adacol - 11 Jan 2012 13:51 - 2414 of 5505

gibby - many thanks for your comments. I am in both at the moment as well which is why I asked the question because I knew you were in AAT before as well! I agree with what you have said above and just doubled my holding in GKP in the short term to then (don't know when) sell a few to put more into AAT.

Balerboy - 11 Jan 2012 14:15 - 2415 of 5505

very up and down at the mo, but seems to be heading in the right direction.,.

gibby - 11 Jan 2012 14:17 - 2416 of 5505

you are welcome adacol - and sensible strategy of yours imo - we will both be smiling with both gkp & aat - i expect gkp first - in fact as expected finisihing strongly right now a sea of almost unbroken blue as it should - makes the top up on the dip even more satisfying :-))))))))))))))))))))



aat contract win news can be anytime - and real please they have a big hitter as ceo now :-)))))))))))))

gl

gibby - 11 Jan 2012 14:18 - 2417 of 5505

baler - underlying trend has been north all day bar really :-))) gl

gibby - 11 Jan 2012 14:19 - 2418 of 5505

buys significantly more than sells and widening :-)))))))))))))))

gibby - 11 Jan 2012 14:19 - 2419 of 5505

as i said earlier blue finish :-))

Adacol - 11 Jan 2012 14:30 - 2420 of 5505

How close can we get to yesterday's volumes?
Will USA opening have any effect?

niceonecyril - 11 Jan 2012 14:34 - 2421 of 5505

lookoimg at the trades now n £2.6675,in USA it's $4.11 @0.65= "2 67p


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

gibby - 11 Jan 2012 14:42 - 2422 of 5505

all pointing towards sinopec....


www.iea.org/papers/2011/overseas_china.pdf

"Chinese NOCs, like other oil companies, consider Iraq as a key strategic country in which to gain a foothold because of the lack of other investable good quality assets globally. NOCs have proven to be willing to cut profits and to bear the political risks."

"According to the MTOGM 2010, the highest net increase in crude production capacity from 2010 to 2015 (from OPEC countries) will likely come from Iraq (1.0 mb/d) (Figure 6). In the first half of 2010, China’s crude imports from Iraq showed a 148% increase over the same period in 2009 (Xinhua, 2010). In the first half of 2009, China imported 161 kb/d of crude oil from Iraq."

"Some observers have suggested that China’s NOCs, flush with cash, have been paying a premium for assets, freezing other bidders out. One report, for instance, concluded that in 2009, the total premium paid by the Chinese companies increased to 40% above the base case valuation of acquired assets (Wood Mackenzie, 2010). Others have pointed out that intermediaries who facilitated these deals for NOCs drove up the premium."

gibby - 11 Jan 2012 15:10 - 2423 of 5505

roll on the last hour

yeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaa!!

niceonecyril - 12 Jan 2012 00:13 - 2424 of 5505

A reply to a E mail from worried pi's about a low ball offer.


-

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AGKP.L&it=le&action=detail&id=9149319

Quote -


"Thank you for your email.

As an investor in Gulf Keystone, you are well aware that Gulf Keystone’s standard policy is not to comment on rumours and/or speculation reported by the media and/or bulletin boards. On those occasions when we chose to make a statement in response to rumours and/or press speculation, this decision was made following internal legal guidance and advice received from the Company’s external advisors and the AIM team. In this regard, we would like to refer those posters who you describe in your email to our announcement in response to press speculation dated 19 December 2011 (available at http://www.gulfkeystone.com/rns.aspx href='http://www.gulfkeystone.com/rns.aspx' target='window'http://www.gulfkeystone.com/rns.aspx ) which is self-explanatory and we do not have anything to add to this announcement.



We would like to add that we understand that internet bulletin boards are important tools for existing and potential shareholders to communicate, exchange their views freely, and seek peer advice if necessary. We also realise that on many occasions comments left on internet bulletin boards may cause unnecessary offence, be factually incorrect or interpreted as derogatory or similar. In the recent months we have observed a number of such comments, transcripts, rumours etc. posted on various internet bulletin boards.



We believe that this situation has arisen as result of the decision of providers of such internet bulletin boards not to regulate them. However, we believe that it is not for the Company to play any role in order to regulate this activity. Therefore, it is for the provider of this particular internet bulletin board, to make a decision on what is appropriate and act accordingly. At the same time, posters on bulletin boards should be aware of the Market Abuse Regime introduced by the Financial Services and Markets Act where the FSA has power to impose financial penalties for market abuse, defined as the misuse of information, misleading statements and impressions and market distortion.



Finally, Gulf Keystone had a very successful and eventful year in 2011 and we are currently focused on progressing our ambitious exploration and appraisal campaign in the Kurdistan Region of Iraq, as detailed most recently in our Kurdistan Operational Update issued on 9 January, and on creating further value for the Company’s shareholders.



Thank you for your continued support of Gulf Keystone.

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