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.

cynic i find your post self defeating,you are passing on own views,the very purpose of BBs.Thier are many who have worked in the industry or other areas which can throw some light on the issues/subjects,so i most certainly disagree with you on this.One doesn't have to read them,i certainly don't,try to follow trust and knowledgable posters.

nor i, but by golly they don't half take up a lot of space ..... btw, my view on gkp is and always has been wait and see on this t/o possibility

meanwhile
at least the day traders are having a ball, and yet again i note that the order book is heftily 4:1 bid/offer

Here's Zengas's views on the the JPM post,he's probably one most respected analyist around.


ell, well, well

16th January 2012 Reuters

John Gerstenlauer, Chief Operating Officer told a Morgan Stanley investor conference that a data room on the Akri Bijeel block is to be opened next week, and that he expected 10-12 interested parties to participate.
"Gulf Keystone estimates a sale would be finalized by April, with its interest sold for $350-$500m," analysts at the investment bank said.


Extremely interesting comment by JG

12.8% net of 2.4 billion bls mean OIP not appraised at Akri-Bijeel.
The Bechme well didn't turn up any commercial hydrocarbons.

Using 33% RF = 100 mmbo reserve potential (unappraised)

$350m - $500m expected from 10-12 interested parties.
25p - 36p per share.

The above is what JG expects !
-----------------------------------------------------

Compare that to 51.4% net of 10.5 billion bls OIP at Shaikan.
Substantially appraised and producing.

Using 33% RF = 1781 mmbo reserves (substantially appraised).
445p - 641p share.

Combination of Shaikan and Akri-Bijeel = 470p - 677p.

Above is extremely simplistic as Shaikan is much, much more advanced through appraisal and should indeed be worth a lot more.
There's also the likelihood of 2, or possibly 3 OIP upgrades yet to come from Shaikan.

Nothing allowed for the Sheik-Adi field to be fracced (40%).
Nothing allowed for BerBahr (40%).

Eitther way imo, it's shows how extremely undervalued GKP is at 285p.

PS. the earlier post was long winded, to say the least.

It's on the way down again.

no shit sherlock!

Now Watson behave,back from dog duties.The dip of no great surprise,a chance to
buy un a little cheaper.Tossing over the latest news on AB it's worth looking at the finances,we know they have a large cash reserve,which is increasing with revenue from the 4000bbopd, add up to $500k and $40 for the BIR claw back,makes dor a very healthy picture.
So in a good position if and when bids for SH or the company come in,one other point which came to mind is,that it's unlikely their will be an offer until AB is sorted or at least near conclusion. Plenty of time to complete BB and reserves from S4,with news of S6? thrown in? aimho

Peel Hunt note:
"Since initiating coverage in November 2011, driven by a buoyant market and persistent bid speculation, Gulf Keystone has generated capital growth of 70%, exceeding our RENAV-based target price of 247p/share. Our valuation assumes a net risked recoverable resource of 3,042MMbbls (from Shaikan, Akri-Bijeel, Sheikh Adi and Ber Bahr). In the absence of any new material resource upgrades, confirmation of the much-speculated bid approach or further project de-risking beyond what we had previously assumed, we feel our RENAV still represents fair value. As a result we are changing our recommendation from Buy to Hold."

Yes hold,probably run out of steam for the time being?

Harry jlp is looking tasty?

[So I see,cyril. About time.]

more of this dont help gkp cause imo..... http://www.bbc.co.uk/news/world-middle-east-16574126

http://www.bbc.co.uk/news/world-middle-east-16574126

Take profit before the West open fire on Iranian soil.

http://www.chinausfocus.com/slider/china-iraq-us-a-%E2%80%9Cwin-win%E2%80%9D-for-all/

I've got a RUMOUR?

O&G Law passed,with announcement tomorrow??

lol that would be good - spread it around :-))))

just got me some more gkp - be rude not too!

lol lol if i waited a bit longer could of got 'em for a couple of pence cheaper!!!

i would not want to be out of gkp tonight!

Is that what you said to your last girlfriend ?.

lol rf

.