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.

2.5 billion market cap.....phew !.....at the moment cursing that I put my stops too close to the sp earlier on....made a decent profit still the same but not sure about buying them back a little higher....

Lovely - keep on going GKP.

350p+ close today ?

http://www.thisislondon.co.uk/markets/article-24033504-gulf-keystone-chiefs-ex-wife-laughing-her-way-to-the-bank.do

What's going on here today ?....nothing to do with AEX....why the drop ?...

A bit of a shake this morning,looks like it's recovering now(310p to 318p). Volume top heavy with buys,the low 310's being quickly mopped up.

http://thesharehub.com/?p=5453

http://t.co/FEyxDkPm

here is the link http://t.co/FEyxDkPm
sorry to those on phones but the content of link is copywrited."

...but it is somehow possible to copy content anyway ;-)

"Gulf Keystone – Timeline / What to watch for
Written by HUB February 06, 2012

The last timeline was done back in May 2011 – see here. (http://thesharehub.com/?p=2674) It’s always useful to
pencil in some dates and keep yourself abreast of what’s coming in terms of newsflow. It’s not an exact science but with so much news due on GKP – it’s useful to have it all in one place.
First up4
1. BoD’s Bonus Shares / options awards
The award scheme comes around once a year and in 2011, GKP issued an RNS on the 7th of Feb outlining the option price structure and incentive plans. Options were set at 275p, 325p and 375p and all looked satisfactory based on the sp of around 185p. As agreed in 2011, there are 3,170,000 common shares in each of the years 2012 and 2013 to allocate between the directors. So watch out for news soon and particularly the option price. 525p and 600p would be a guess but both may provide shareholders with a firm idea of where the BoD’s see the sp heading in the future.
2. BerBahr-1 Exploration well
As noted by Genel today, a capital markets conference is planned for 23rd February. It will include a full ops update and overview of the last 3 months achievements/progress. This could be a big news day for all Kurdistan stocks but particularly GKP and Genel. Any discovery news on BB-1 would be great. GKP holders will be keen to see the forward plan from Genel on exploration and appraisal planned on the BB licence. The company informed the market that 3D seismics were planned and whilst there has been no announcement to-date, the initial 3D seismics may have already started or may even be completed. So plenty to be revealed when Genel hold their conference in just over 2 weeks time.
3. FTSE Premium listing
In a recent investor summit GKP confirmed that they are concentrating on gaining all the requirements/seals of approval to enable them to list on the FTSE index. One point that they have not yet agreed is the 3rd NED. So watch out for news over the next few weeks on a 3rd non exec director. The FTSE reshuffle closes on March 7th (4 weeks) and changes take effect from the 3rd friday of the same month. Fund managers that old tracker funds are automatically required to buy into any new coming stocks. This often provides a fillip and increased volume for new comers and will undoubtedly improve GKP’s stance among leading investment companies – and could help secure support against low ball takeover offers.
4. Shaikan-4 test results
GKP originally intended to release all 7 of Shaikan-4 test results in one go. However, they kindly issued 2 results on Jan 13th and should be approaching the period where a further 2 to 3 results can be declared. The last 2 or 3 results should follow shortly after. Shaikan-4 has been described by GKP management as the ‘best’ well so far.
Investors have already been impressed by the 5000bopd flow rates based on an pparent ‘poor’ section. GKP could be saving the best to last and with SH-4, they really have a great opportunity to demonstrate just how ‘world class’ Shaikan is.
5. Update on production
This could come at any time – but investors are excited by recent comments by the CEO at the LSE presentation where he suggested that GKP are not far away being capable of delivering 80kbopd. Currently, the last production announcement mentioned 4kbopd and more recently 5kbopd. Cash flow could be vitally important going forwards especially if any sale of AB is delayed or put back. GKP have the facilities to ramp production up to around 40kbopd but demand is capped at present based on local sales and KRG policy.
6. AB asset Sale
The data room was officially opened last week and GKP suggested that they expect to have around 10 companies all interested. MOL – the hungarian operator has announced an ambitious exploration and appraisal program for 2012. Whilst GKP’s working interest is just 20% (12.8% after BIR’s) the cash requirements to fund the 2012 program could be funded via cash flow from production. However, GKP appear keen to sell the asset and realise a lump sum which can be placed into the budget/cap ex for the pipeline. So watch out for any news near term on an AB sale. It could determine a benchmark guide based on $xpb. This may help with valuation on the Bir’s but also on other assets such as Shaikan. The sale of AB is a key event in the bigger picture.
7. Pipeline update
Tenders have been put out and the pipeline plans are in full swing. Funding will need to come via AB sale or via cash flow from production. Hence – the product is sensitive to both of these parts coming in on time. If not – then a minor equity placing (circa 10%) might be entertained. With GKP’s share price edging towards 350p, possibilities on a
placing may well prove better value than selling their share in AB. A few weeks ago at 200p per share, the AB sale was looking like the best scenario for shareholders. But possibly, not so much now.
8. Shaikan 5 and 6 exploration/appraisal well updates
Assuming operations go to plan with no hiccups, then SH-5 should TD around late April/early May. SH-6 should also TD around the same time. Both wells are vitally important in terms of determining the oip in Shaikan and potential reserves. One further well – Shaikan 7 is planned but yet to spud.
9. Iraqi politics / Kurdistan
The market has been filled with rumours regarding Exxon, Total and Statoil all apparently taking licence blocks in the region against Baghdad’s wishes. The sticking point remains around the Oil&Gas law and contracts. Politics is notoriously slow in Iraq and Kurdistan will be keen to forge ahead with its rumoured new partners. Expect ‘official’ news soon with regard to Super Majors taking licence blocks in the Kurdistan region. The silence cannot continue nor can the failure to secure a countrywide O&G agreement. Progress on all fronts could come sooner than many think as the current situation is preventing both the South and the North from gaining vital revenues required to help fund the people of Iraq.
10. There’s always a point 10! And it has to be ‘takeovers/consolidation’
Rumours have been abound for months now that GKP is being stalked by a Super Major. It’s not hard to see why. Gulf Keystone have a world class discovery in Shaikan with a current guide of 8bln barrels on a p90. No other company has made such a large discovery in Kurdistan. It could prove to be the biggest ever. The potential to boost exports via this licence to 500kbopd is of huge interest to the KRG. It could lead them to a state of independence. Currently, Kirkuk is in disputed ground. It’s a point of contention between Baghdad and Kurdistan. But Shaikan shares no such doubt or debate. It’s Kurdistan property and could output more than Kirkuk. Its importance is
huge. The KRG will be keen to bring in a Super major to help Gulf Keystone move production speedily forwards. In fact, the need for speed could be so much that the KRG may encourage an asset sale of Shaikan to a Super Major rather than a partnership. Sometimes, it’s time to simply hand over the keys to the experts and take the money and move on.
It’s unclear what GKP will do. But one thing that is clear is that it is very unlikely that they will be able to bring Shaikan up to 500bopd all on their own. Funding of around $4bln minimum will be required. And that’s almost the entire market cap of GKP to date.
So watch the coming weeks with close attention to all the above points. It’s a timeline and not written in stone.
Delays can occur and some things can arrive earlier than most imagined.
And that’s the timeline / events likely in the next 4 months.
The value of your investments can go down as well as up. You may not get back all the funds you invest.
Please read the Risk Warning featured on the right hand sidebar."

The confirmation by GENL that BB progress/results will be made available on the 23rd at the latest,will bring back the T20 traders very soon. Those same tradres were maybe the reason for todays drop,take profit near closing date?

good to see the order book retaining its recent customary recent strength at 3:1

9 February 2012





Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")



Appointment of Joint Corporate Advisers



Gulf Keystone is pleased to announce that it has appointed Strand Hanson Limited ("Strand Hanson") and Perella Weinberg Partners UK LLP ("Perella Weinberg Partners") as Joint Corporate Advisers with immediate effect.

Working alongside Strand Hanson, Perella Weinberg Partners will be jointly responsible for coordination of and advice on the sale of the Company's 20 per cent working interest in the Akri-Bijeel block in the Kurdistan Region of Iraq, which is part of the Company's Forward Strategy announced on 14 September 2011.

Gulf Keystone has a 20 per cent working interest in the Akri-Bijeel block operated by Kalegran Ltd., a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc., which holds an 80 per cent working interest in the block. The operator's P50 resource estimate for the Bijell discovery is 2.4 billion barrels of oil-in-place, while the ongoing 2012/13 exploration and appraisal programme is targeting existing and identified hydrocarbon prospects in the Akri-Bijeel block.

Interesting thought from a PI,which could be as their head office is in New York.

A guise for the bigger picture??

Thursday, Feb 09 2012 by Fox Davies Capital
Gulf Keystone Petroleum (LON:GKP) Ltd (BUY, SHARE PRICE UNDER REVIEW) (GKP LN, 316.25p, ▲ 1.69%) Porfolio actions - dressing up for a sale? GKP has appointed Strand Hanson Limited and Perella Weinberg Partners UK LLP as Joint Corporate Advisers with immediate effect. Working together, the companies will be jointly responsible for coordination of and advice on the sale of the Company's 20 per cent working interest in the Akri-Bijeel block in the Kurdistan Region of Iraq, which is part of the Company's Forward Strategy announced on 14 September 2011. Both firms are specialists in finding acquisition targets, Takeovers, Floatation’s, and Valuation analysis. It’s also worth noting that PWP recently established a new office in Beijing, its seventh globally, following the opening of the Firms Abu Dhabi office. The opening clearly further enhances the Firm’s global presence, and overall augment the Firm’s strategic advisory business and asset management opportunities across Asia. From a corporate perspective, could this proposed sale be the start of something bigger?

.

we (me!!) are going to look very silly if all this comes to nothing

This is becoming a lovely trading stock :)

Conversely, we (me!!) are all going to be very smug if it comes to fruition!

RenCap summary note:
"Gulf Keystone Petroleum (HOLD: GBP2.10, 33% downside potential). While we acknowledge that part of the 63% share run YtD is due to operational results, we believe that the majority of it is in the market’s anticipation of the sale of the company. However, the surge in the share price could have the opposite effect, in our view. The company now appears expensive to us compared with its peers and it is difficult to imagine that a potential acquirer would assign a significant additional premium to the current price. However, if the M&A does not happen for a while, we may see a downward revision in the market’s takeout premium expectations. Therefore, at these levels, we believe that the risk/reward characteristics of this M&A play are not that attractive. Other than M&A, the next big operational catalyst, in our view, is results from the Ber Bahr exploration well, expected in mid-February."

Clearly Rencap were not at the presentaion,when it was stated that SH 4 is worth double on what we know now(280p)? Yes that's SH 4 alone.

For days theri have been posts stating various deals on the table(3rd party(who could that be)bring them together),one being £8/9 for 80% of the 54%of our Shaikah share? The general feeling is this big hitter is for more than just AB?

Taken from such a post.

frankly....this really is NOT the matter of a few hours work but rather a decent team 24/7 ...with 'war room' etc
(FWIW... I do have 'some' relevant experience of such ultra value/complex deals)

let's just say that I would be slightly surprised if Perella were to have a brief as limited as "sale of AB".


"IF" this is true then GKP will easily exceed £10, SH 10.8% worth £2+AB+SA and BB.