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.

381.75p Finish with a nice tick up at the end,matched in the USA.
Your right ref to earlier post i'm deleting it as too much speculation.

cynic do you honestly think a major oil company is going to spend billions buying into GKP when Iraq may disintegrate into civil war at any moment?

£3.86p at close in the USA.

hali - the oil majors are already piling back into southern iraq, though it gets little publicity ..... if gkp has indeed made a mega discovery, then the long term risk/reward could (not would) certainly make the company a very tasty morsel at a risk-adjusted price

looks like it's going to be a good day here, poss £4 finish.......don't think i'll sell today.,.

By Ben Lando of Iraq Oil Report
Published February 17, 2012 Iraq is looking to enlist private companies to build four new refineries with the combined ability to process 740,000 barrels per day (bpd) of crude oil, which would help Iraq fulfill its dreams of becoming a net fuels exporter.

Nice to see it back above 400p,with volume picking up .

The graph reminds me of one side of the Burj Khalifa (also known as Burj Dubai)....quite stunning both of them !...hope we don't visit the other side from the top downwards....

.

Hary; after takinf a breather,sub 400p,it's back to 407p levels,womder what the
w/end close will be?

">

Was doin a harry yesterday......wanted to buy at 360 but not triggered, greedy b.
wish i'd gone on and bought at 370.,. oh well.

Looks like another rough day here.

:)

Goal yep,only 13.4m traded,looks like pi's losing interest? I'll try to consol myself with an all time high of 411p.lol

Super stock.....might have to put this on a par with Microsoft and the likes of ASOS and a few others...

for the record, daily norm is 10m

wait for reality.

Hali, are you in this one??

Daily Mail

Galvanised by the BowLeven development, other speculative stocks in the seat-of-your pants sector took off. Continuing to respond to takeover speculation, Kurdistan focused Gulf Keystone Petroleum jumped 29.25p more to an all-time high of 411p. Exxon Mobil and Total have both entered the Kurdistan region and are said to be running the slide rule over GKP.


Read more: http://www.thisismoney.co.uk/money/markets/article-2102739/MARKET-REPORT-BowLeven-shares-surge-Dragon-Oil.html#ixzz1mg6EDzZP

Kurdistan Oil Rush: Total 06:51 01-02-2012

By:Decan Dana

With the ushering of global oil giant, ExxonMobil, to Kurdistan to begin oil exploration, everyone had their doubts to whether problems would arise that could jeopardize their entrance into the Kurdish oil arena caused mainly by Baghdad. With hiccups along the way, the deal went through relatively peacefully thus opening Kurdish oil to potential ‘Big Oil’ firms to work within the boundaries of Iraqi Kurdistan.

Months after this deal went through, and to that Exxon slowly setting up shop in Erbil, major petroleum companies have taken a keen eye to what Kurdistan has to offer. Former BP CEO, Tony Hayward, stating that Kurdistan is, "the last big onshore easy oil province available for exploration by private companies." Statements such as that can only induce petroleum companies to get their hands on the oil as soon as possible. Within the last week, it has come to be known that Total, a French major oil company, has also set their sights on Kurdistan and are in discussion with the KRG to finalize a contact to explore within the Kurdistan region, although the contents of the deal have yet to be announced to the public. Rumors are also spreading that the KRG has been in contact with Chevron and ConocoPhillips, just two more major international oil companies.

These deals are certainly a good indication that Kurdish oil and gas are potentially lucrative, enough so that the major oil companies are willing to go head-to-head in Kurdistan to obtain as much land for exploration as they can. With statistics showing Kurdistan to hold 45 billion barrels of oil and an estimated gas reservoir of around 3-6 trillion cubic feet, according to the KRG minister of Natural Resources Dr. Ashti Hawramy, Kurdistan can be ranked in the top 10 oil countries with it being placed in 9th position just behind Libya while ahead of Nigeria. Statistics like these do not go unnoticed to Big Oil companies, Total being the next in line to reap what Kurdistan can offer.

With more information set to be announced in the coming weeks on Total’s contracts with the KRG, one can only look forward to the possibilities of their emergence into Kurdistan. With Total close to a deal, is the possibility of Chevron and ConocoPhillips introduction into the Kurdish petroleum arena set to arrive soon? So far it is only rumors and speculations but what is clear is that their intentions in playing a role in Kurdistan are apparent. With Baghdad taking a sideline in Kurdish oil affairs, for now, the path is open.

Mirabeau - 18 Feb'12 - 06:55 - 165969 of 165985


http://www.guardian.co.uk/world/2012/feb/17/us-officials-iran-sanctions-military-action