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.

this almost has a poseidon feel to it, but less likely to end in the same gory mess

Just keeps on going,....probably because of Total rumours adding to the equation but the fact is that there is a staggering amount of oil in this acreage : at a guess perhaps a minimum of 20 billion barrels...just a wild guess which means that any takeover has to be at a very hefty price...what price ?...no idea but from where we are now perhaps 6 or 7 pounds might tempt the punters and management.

like everyone i guess; not a clue as to the company's potential value to a predator or even as a stand-alone indie

Guessing is all I can at the moment,......but a takeover would be higher....at least a pound or two....20 billion in the ground times 100 us dollars at the pumps : that's a lot.....even with all the discounts....extraction, transport, taxes plus value in the ground is only a fraction of the full amount but a major could develop this and make a packet on it ....I'm not sure what kind of oil this is ...if it is heavy crude then the value would be less of course....but still the same : perhaps worth 5 billion pounds to the big boys....perhaps that's too much....who knows ?...

Sold a few more at £4+ ready for the fall back later today.,.

Are you sure there's going to be one...I do that sometimes and end up losing....

lost already on fridays sell so whats a few more.....lol he who dares wins......not sure about that quote.....we see.,.

Good morning all,just surfaced so nice to see £4 breached and holding.
Well i nacen't sold and intend to hang on in their.
What with BB news next week(rumour (a decent oil find)just for starters.
Other news to come,a NED ned and a big name(YANK?)is on the street.
Possible news on the O&G Law.
It also should be remembered that at the USA presentation it was stated that the value was diuble on what we know now.
These are some of the reasons i'm holding tight.
GLA whatever you decide.

Can't seem to get rid the strong print once again?
edit O yes i can. LOL.

How do you get that....in windows ?....I've never ever had that ?...

RF not quite suren what you mean,if referring the black print,highlight what you wish and click on the B abone bix.

Not being a chartist and limited understanding,di u see a GAP UP at 410p?

Here's part of a post from TMF board., which is roughly my position.

If GKP qualified for the FTSE, they would gain automatic entry with a market cap of ~£3b. I don't expect GKP will last long and that before they go, the market cap will be, as CEO Todd kozel whispered, double figure billions.

Shaikan ( the greater Shaikan, including GKP's block Shaikan, Ber Bahr, Akri Bijeel and Sheik Aid as well at Atrush and two other adjacent blocks) looks likely to be one of the largest discoveries *ever*.

Shaikan is big.

I doubt I will ever own shares in a company that has discovered a find of such world importance again - which will not matter one jot if GKP multibags from here, as I expect.

Info on Gaps if anyone's interested?

Seems it opened up at £4.036p


http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysi

Coming down to my level....lol.,.

.

UT just in closing price 397p.

My shins are bleeding, I've been kicking myself sooooo much for not taking a nibble at this one!

n excerpt from an interesting conversation between David Kuo (TMF) and Malcolm Graham-Wood (VSA)... today (I think). Thanks to 85Gary

Podcast: http://www.fool.co.uk/money-talk/how-to-find-red-hot-oil-shares-10747.aspx

Transcript: http://www.fool.co.uk/news/investing/2012/02/13/transcript-how-to-find-red-hot-shares.aspx

David:

Okay, so my final company that I would like you to have a look at, and analyse, is Gulf Keystone. What is your feeling about this company?

Malcolm:

Well, this is another one which we've been sort of mad about for some time, and again it's looking at a frontier acreage area. We're looking at Kurdistan here, which is the northern part of Iraq. We're looking at an area where oilmen have, for a long time, wanted to go and have a chance to explore. Previously the government in Iraq has said that you couldn't explore the northern part unless you actually put money down in the southern part first. So there are no majors there until recently, and as far as I'm aware there hasn't been a major backing one of the smaller- to medium-sized companies. So what we have is a bunch of smaller companies, of which Gulf Keystone was probably one of the first, who've come in and they've drilled wells and they've found oil. DNA came in early, Gulf Keystone were in early, Heritage were in early, and so far it looks like all those oilmen, who think this is a big new frontier area for oil and gas, is right and, if that's the case, then Gulf Keystone will go higher in no time at all, because they've got six or seven appraisal wells being drilled at the moment. I mentioned that the majors were having a look at it -- well, Exxon has now come into this area, and Exxon have taken the view that they can get the northern acreage, and they won't suffer, and they probably don't mind suffering in the south, if the northern acreage is as good as it looks. They have got a number of blocks in Kurdistan, and, of course, that means that the people who think that the smaller companies, whether they're, as I say, Gulf Keystone or people like Petroceltic, and Afren, who are recently in there, might find oil and then be taken over by Exxon, which will make Kurdistan their new sort of patch, as it were. So it's very exciting, the valuation on Gulf Keystone, well it could be anything, because at the moment I don't think people are making acquisitions, or will buy Gulf Keystone and the like, just because there is a sort of technical point about whether the law in Iraq is fully formed, and whether they'll be able to get their money back, so they might be holding back for that. But the valuation of Gulf Keystone is probably minimum twice the current price, some people will say three times the current price. Given how much oil there is in there, the Gulf Keystone price could be anything.

David:

We have no idea, do we, Malcolm?

Malcolm:

We don't, but I have to say, it won't be the current price. It won't be less than £3, it'll be more than £5, and I've heard people talking £7 or higher. If these wells come in, then for a small company it's absolutely significant in a big, big way, so don't be surprised to see, if you could bid for those companies at the moment, I think someone in a bidding war would pay £7 or £8 a share for Gulf Keystone, if they got into a fight.

all provable of course!

Tend to agree with the view that the volume today was to large for just pi's,so who's buying?
Harry another excellent monday,at my age more about the company than the show,weekends for the youngsters(if only).