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.

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.,.

From the Hub:

They've (whoever they are?) already tested the water with throwing £8 and £14 and then 23% higher at £17.

When £14 per share came to light, most seemed satisfied. As you say, probably as it was miles above the £8.30 number.

£8.30 has been given the thumbs down (by the BoD's according to Leftly) and we've had the reports that there that certain powers that be may well push through the £8.30 offer.

But the tricky thing here is that it's difficult to tell whether these numbers pertain to the Shaikan asset or the entire assets.

Whilst it's becoming quite easy to value Shaikan due to appraisal and test results - it is by common admission pretty damn hard to quantify BB, and SA. Leaving AB aside, these two blocks will be priced on what? Potential? Why would a buyer or TK for that matter consider selling assets that have yet to prove their worth. It would be a tough one to sell into shareholders.

Now if Shaikan does get to 20bln barrels, then it's easy to see how we can get to $24bln for Shaikan alone. That's nearer £17 per share.

So I should make it clear that when I am saying ... sell shaikan for £8 and keep the rest and that's fine with me - what I am really saying is... it's a better scenario than selling everything for £8!

Shaikan is worth more than £8 based on potential. But it might take SH-7 before they can get that number up to 20bln and thus - more time and more risk. Eg. an early offer nearer £14 leaves something decent for the next man.

And it leaves us the other 3 assets too.

I doubt there would be too many disappointed investors out there if Shaikan went for £14 and we then went on to prove up near the same oip again on BerBahr 18 months later.

There's always a discount on the table for someone that wants to pay 'forward' numbers.

That's why CJ was pointing very clearly to $61 and $43. He was imho shouting as loud as he can.

There's 4 licences that we hold and each one has potential. So far - we have proven up just one asset (Shaikan) to within its true potential circa 20bln barrels.

That's one licence!

We have 3 other licences which can all deliver very decent numbers. One of them is already reported to be very similar to Shaikan. And news should be coming soon on that drill once Genel sort their stuff out.

I remember GKP doing an analyst meeting at Shaikan a while ago - only then to update the market of significant oip increases (check back on the RNS's).

Tony Hayward is apparently sorting out an analyst visit next week on BerBahr.

Considering his high profile reputation and corporate governance 'wings', I would have thought it would be safer for him to reveal the first wireline logs data from 1000m to 2400m before the meeting rather than after.

Give them something to talk about without fear of sensitive information.

Then there's SA. We have barely started on that block.

And if the filled to spill across all 4 blocks proves true - then CJ's wise numbers of $61 and $43 can be realised - but that's going to be hard under one Super major imho. And there's no better way to please all involved than give each one a slice of the pie. Chevron can have SA in 18months time. Sinopec can have BB in 18months time (due to other licence blocks, Genel are already partnering the chinese) and MOL can have AB and Exxon can have Shaikan.

Divide $61 by 3. (forget AB).

Enjoy

HUB

what Hub is really saying is that, though he knows no more than the rest of us, he'll pretend he does and ramp like crazy

Must say I prefer his ramping to pro's.........one can hope.,.

http://www.stockopedia.co.uk/content/how-giving-up-day-trading-could-make-you-160bn-richer-63234/

this is just a re-hash of the rns but it still sounds very good

Gulf Keystone Petroleum has invited bidders to build a pipeline that would allow the much-watched oil & gas company to export vast supplies of black gold from its key Kurdistan field.

This pipeline would have the capacity to handle 500,000 barrels a day. There is also an option to build a second pipeline, of similar capacity, which would ramp up production to a million barrels a day. That would be more than 1 per cent of the world's oil needs and explains why super-majors are running the slide rule over the company.

http://www.independent.co.uk/news/business/news/bidders-sought-to-build-kurdistan-pipeline-6289699.html

That would be more than 1 per cent of the world's oil needs

Theirs a lot of posts this weekend,but for me the above coupled with MAJORS sniffing around,has more CLOUT?

The size of possible bids is an issue raised may times,well for me i will gladly accept(£8(hoping it's more)for a %age of my holdings(using our CGT allowance to the max).
At £8/10 the rewards to gain become a different game,i must consider is their other
companies which will double in value(£8 to£17?) and i believe that their is?
I also think that many get starry eyed by putting a £ to the SP,8p to 17p gives the same rewards and thire are many wuth less political risks out there.

aimho

http://www.iraqenergy.org/news/?detailof=4377&content=Oil-and-Gas-Law-Will-Be-Passed-Without-Iraqiya-If-Needed-Says-Committee

http://www.iraqenergy.org/news/?detailof=4380&content=ExxonMobil-KRG-Deal-'on-Track'

http://www.bloomberg.com/news/2012-01-15/iraqi-sea-oil-terminal-will-be-ready-on-jan-25-jaafar-says.html