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.

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.

20k @ 343.51p,it's hectic out there,withover 13m trades.

Sold some today, taken some profits.

Still holding, but not as many of course.

Good for the upper three hundreds at a guess.....

Views from the Trading Floor (Fox-Davies):

I am beginning to run out of superlatives for Gulf Keystone (LON:GKP), as the bullish run continues. Shares were another 6.5% better to 337p, and on decent volume to boot. The shares rallied after the company said it has appointed corporate advisers to help it sell its 20% stake in the Akri-Bijeel block in Kurdistan, northern Iraq, almost five months after putting it on the market. Gulf Keystone has been trying to sell its stake to focus on its Shaikan oil discovery, which is estimated to contain around 8 billion barrels of oil. Gulf Keystone holds 75% of Shaikan, MOL has 20% and U.S.-based Texas Keystone Inc. has the remaining 5%. The shares seem to be moon bound, and with the market expecting an update on Shaikan-5 and Shaikan-6 any day now, anything even remotely positive can on add fuel to this strong burning fire.

http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/8295/views-from-the-trading-floor-9th-february-2012--8295.html

Daily Mail

MARKET REPORT:
By GEOFF FOSTER
10:12 PM on 9th February 2012
http://bit.ly/AEDZYI
Strongly supported of late on talk of a possible bid from Exxon Mobile, Kurdistan focused oil group Gulf Keystone gushed 26.25p to 342.5p.
Buyers responded to confirmation that it is selling its 20 per cent working interest in Akri- Bijeel block in Northern Iraq in order to concentrate on its other operations in Kurdistan.

i was very heavily o'weight here so have just top-sliced (342) ..... not only did that crystalise a juicy profit while still leaving me distinctly o'weight, but with no genuine news likely for at least a couple of weeks and short-term upside impossible to work out, it seems to me that the odds of some fairly heavy profit-taking must surely be short indeed

==============

meanwhile (of course) GKP has continued rocketing ahead (350!), but am delighted!

Trouble is the chart continues to climb, gkp hasn't retraced enough in the past to make a worth while buy back but I do understand your position cyners.,.

never went broke taking profit! .... and as i said, i still have plenty .... for that matter, if it seems right at the time, i have no hang-up about buying back at more than i sold at

going mad again =14p

Did the same thing.....£3 billion market cap....ouch....so took some profits but still in 4/5ths.....not sure what to do.....any advice gentlemen...?....

buys exceed the sells now....hold hold hold.........till 4.15pm.,.

Just surfaced after a great night at the theatre,Buddy holly Juke Box,fabtastic musicuans(keyboard and drummer especially),checked the SP and 360p giving a M/Cap of over £3billion. FSTE here we come and what wull that do for the SP?

Probably knock it on the head !.....took a bit more profit....just had to...will keep the rest.....

Nice 300,000 buy just now at 3.59p.,.