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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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HARRYCAT - 06 Aug 2009 08:49 - 255 of 5505

Still another +1500 M to drill, so would expect the sp to drift back a little once the euphoria has settled, but a good sign for further drilling & worth adding, imo.

cynic - 06 Aug 2009 09:04 - 256 of 5505

thanks chaps ..... got in, got out with nice little profit within the hour ...... must go visit clients in a mo or might have stayed put

required field - 06 Aug 2009 09:21 - 257 of 5505

This is tremendous news !, I can see this going at least to 40p with the other blocks to drill in the same formation,...now if there is another discovery at the 3200m level : 60p or even more.....once again fantastic for this company...good work guys...!....Cynic buy back in and hold for more news...even if there is nothing at the bottom of this well..they already have made a great discovery...possibly company making !.

Balerboy - 06 Aug 2009 11:10 - 258 of 5505

Cynic you muppet, should have stayed in. you even backed these not long ago as one to watch......... 25p at mo!!!

marni - 06 Aug 2009 11:13 - 259 of 5505

cynic is a trader i think

halifax - 06 Aug 2009 12:01 - 260 of 5505

perhaps earlier rumours of a takeover were not too far from the truth.

halifax - 06 Aug 2009 14:18 - 261 of 5505

what is the sp upside with say a minimum of 300m barrels of oil already discovered, GKP has a market cap presently of 80m?

required field - 06 Aug 2009 14:41 - 262 of 5505

If they keep on discovering oil ....this will turn into a mini Heritage oil with predators ready to pounce on this...

required field - 06 Aug 2009 14:48 - 263 of 5505

Halifax : it is a job to work out anything at the moment....but the potential now is massive.....probability turning into reality !.

cynic - 06 Aug 2009 15:03 - 264 of 5505

i guess if i had my brain in gear at the time, i would have just put in a stop, but needed to leave ...... never mind; a profit's a profit


marni ..... a trader is no different from an investor other than he is or may be a lot more active ..... in this instance, i thought to myself that there was a profit to be made, which indeed there was, and i took it ..... that's what investing is all about surely? ..... or would you rather rack up paper losses?

required field - 06 Aug 2009 15:29 - 265 of 5505

Cynic..apart from the cfd's you need to buy these and hold....unless you trade these in a sipp up and down...they look pretty good to me.

required field - 06 Aug 2009 15:39 - 266 of 5505

It would be interesting to get Niceonecyril on this...he's always good at the maths...

2517GEORGE - 06 Aug 2009 15:57 - 267 of 5505

A sentence from the 24/06/09 GKP rns

'After evaluation of this unexpected shallow zone, the well will be drilled to the next casing point as planned. The primary zones of interest for this well are still below the depth of current activities. Plans are to reach the final TD of 3000 to 3500 metres, pending actual well results and any future testing, during September.'

So this appears to be a bonus find at the shallow zone.
2517

required field - 06 Aug 2009 16:00 - 268 of 5505

And what a bonus...imagine what the sp will do if they find something at the bottom...this also derisks the future wells they have planned by a lot.

cynic - 06 Aug 2009 16:18 - 269 of 5505

i use CFDs so no time limits ..... for my sins, i have actually bought back in and shall now watch and wait ...... if they fall back to say 20, which is not imposible, then may top up depending on sentiment (and mine!)

rekirkham - 06 Aug 2009 17:42 - 270 of 5505

Say after a few more wells GKP reach 30,000 barrels a day
Means 365 days X 30,000 10,950,000 barrels per year
Think Kurdistan Contract gives only 15% to GKP 1,642,000 barrels / year
Share of first 2 licences 75% and 40% say 60% 985,000 barrels / year to GKP
Say receive $50 net of drilling / pipeline costs etc $49,250,000 GKP income /year
Into divide by say 1.7 28,970,588 GKP income / year
P.E. ratio probably only 4 ( as Iraq ) = value 115,880,000 Kurdistan 30,000 b/d

Present market capitalisation about 160,000,000 at 26p / share

Nothing is so precise, but I guess one should not chase it blind.
I bought at 10.998p on 28 July and sold today at 28.50p
Who knows what will happen, but if it falls back a little to ?? 20p /22p I may get back in.
Can anyone improve on my figures ??

My problem is I have masses of Sterling Energy shares showing a loss, so I,m hoping SEY they will get momentum on the back of GKP and before drilling in 4th quarter.

Andy - 06 Aug 2009 18:01 - 271 of 5505

NEW article, click HERE

halifax - 06 Aug 2009 18:01 - 272 of 5505

market cap on 478m common shares @27.5p= 131m, drilling continues to the primary target like HOIL the sky is the limit!

required field - 06 Aug 2009 19:01 - 273 of 5505

If it hits anything like HOIL....60p plus: without a doubt....more probably 100p...but we are not there yet, there may be nothing commercial down there but so far this is looking tremendous.

required field - 07 Aug 2009 08:26 - 274 of 5505

Well..the herd have discovered this and this reminds me of ITM and VOG days of old...
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