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.

If there is a bid coming it looks like £4 would be an absolute minimum !.

Good morning champers,a bit of a lie in this am.Excellent news and another 10 i see the SP has added 10p,it all seems to be coming together now? Be interesting S4 and BB results are known?

morning cyril, dog will have crossed legs.,.

Trying get my head around this mornings news,so "2 pipelines 0f 500k",1MILLION BOPD.
Sounds like they might have a massive find.lol?

what will happen this afternoon - profit taking - or buy more for monday?? or both - profit taking looks risky at this stage gla

and luncktime??

Possible profit taking later today, if we stay above 270p that will be great for the week !!

proselenies,
A great since the start to the year,is it worth risking being out over the weekend,news coming thick and fast.

cyril, I am not expecting anything too short term, but certainly something in the coming weeks.

Either way its been excellent gains so far, and more to come.

That was my view( not expecting anything too short term),so bought PTR expecting
a profit with which tp purchase more of these.doh So i'll just hang on in there.

http://www.youtube.com/watch?feature=player_embedded&v=OiHedeZkeJE#!

From Gramacho:

I have refrained from commenting on the speculation and rumours, even though there appears to be more than a grain of truth in some and I absolutely subscribe to the views that Todd will come under increasing pressure to part with GKP to suit the strategic needs of others.

I prefer to deal in fact and the fact that GKP is even contemplating 1 MM bbl/d pipeline capacity is VERY significant. GKP is not requesting this optionality on a whim and contractors should not be asked to conduct tender work without there being a possibility that the work will lead to something.

So what is behind the request for costs of additional capacity? GKP is not the operator of Ber Bahr or of Akri Bijeel. It is not its role to seek pipeline quotes for these assets. Also both assets are two years behind Shaikan in terms of development planning and we haven’t even been officially notified of a BB discovery. Likewise Sheikh Adi needs more wells to confirm its potential.

This suggests GKP sees the potential for substantially more than 500 k bbl/d from Shaikan alone. So I agree with zengas this could point to a higher reserves number than we have been considering. My base case profile, constructed as far back as Feb 2010, has 215 k bbl/d in 2017, 420 k bbl/d in 2020 (which tied in well with JGs interview comments) and subsequently peaks at 630,000 bbl/d recovering 3.3 Bn bbl. The annual peak rate is 7% of field ultimate recovery. Producing the field at a higher rate based on the same reserves could be questionable from a reservoir management perspective.

At the very least it points to consideration being given to a massive acceleration of development timing. There is no point in seeking a quote for material for a second line if fabrication is 3 or 4 years away. Contractors are not going to hold prices that long and may have difficulty in formulating escalation clauses that both parties could agree to over a long time frame.

How could GKP possibly need that capacity relatively quickly? Only the injection of enormous amounts of funds into drilling activities could justify a second pipeline in the near term. GKP would not procure material for a second line only to have it sit there for 3 years.

If this request for a quote for a second line has a serious possibility of implementation it has to reflect the aspirations of a supermajor; it cannot possibly reflect what GKP plans to do by going it alone. So you have to ask is GKP getting guidance from interested parties as to what provisions to make to facilitate a favourable hand over of the reigns?

What pipelines may tell us? It could be a case of what Todd and JG are trying to tell us!

Regards and GLA

Gramacho

Bought my slab back at 283p just in case the weekend produce's a surprise.,.

http://www.thisismoney.co.uk/money/investing/article-2086275/SMALL-CAPS-ROUNDUP-Oil-companies-prosper-M-A-rumours-boost-confidence.html#ixzz1jM2UOEaD

Gulf Keystone is perhaps a cheeky inclusion in this week’s small cap movers, with the step up to London’s main board on the horizon and a market value creeping towards the £3 billion mark.

Read more: http://www.thisismoney.co.uk/money/investing/article-2086275/SMALL-CAPS-ROUNDUP-Oil-companies-prosper-M-A-rumours-boost-confidence.html#ixzz1jMElg139

baler glad you got back - looks like tsco going to take longer than anticipated - i sold some tsco at break even - split it between rrl & here as news due anytime rrl hopefully good - rest of tsco left for divis and eventual recovery in time

gkp - onwards and upwards - a hot bed of almost continuous news!!! :-))

nice1, nice 1!! :-)) i think that 3 bill will be here sooner than we think!!

Might get a chance to buy some more GKP cheap next week, looks like its possible the week will start with major falls with this news.

http://www.bbc.co.uk/news/business-16552623

.

hmmmmmm maybe maybe not - some may take profits because of this - we'll see i 'spose - rather be here than fogl right now :-))

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9005750/Gulf-Keystone-soars-on-renewed-bid-speculation.html

Can't see why Euro crap should affect gkp and Iraq.,.