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.

i'm not sure VOG ever found anything of significance, and remember that got to 250 before it collapsed

btw, i'm sure it will not have passed your observation that Spaceship Enterprise - aka TLW - still continues to fare well

What fine beast are we after today ?...ahhh ! GKP !...excellent choice.....no this is not another VOG because they have found oil in quantity which Victoria Oil never did, though I won't believe my luck if they find some more at the bottom of Shaikan-1....sp up a little this morning.

we recollect VOG claimed to have discovered huge amounts of gas which turned out to be just "hot air"!

VOG sort-of did, but it was never borne out by the facts ..... are you (sorry, "we"!)now going to say the same about GKP? .... in fact, did you not also cast doubts on the veracity of TLW's or HOIL's finds in Uganda?

contemplating going back into GKP having taken an excellent profit last week, but see their situation in Iraq as similar to TLW's etc finds in Uganda..... no pipeline yet.

perhaps they'll order spaceships too then!

just as a guideline, average volume here is about 5.5m a day .... as at now, today's traffic is 10.5m, with much two-way biz as sp is a tad down on the day

Dated 28th April '09:
MoneyAM
"Gulf Keystone Petroleum has successfully spudded its first well in Kurdistan.
The firm said drilling on its first exploration well, Shaikan-1, on the Shaikan Block, is anticipated to take four to five months to complete."

It took them 3 months to drill to 1500M. Terminal depth is still approximately 6-8 weeks away, which means that the sp is likely to drift back, imo. I would be happy to buy in sub 23p.

AGM this friday.
2517

those fortunate enough to subscibe to the recent placing at 9p have made a killing in just a few days so some profit taking would be expected.

or even thosre who bravely followed shares mag buy suggestion last week at just 12p - not me i'm afraid

Is it still worth a punt in front of tomorrows agm?

what do "we" think (lol)?
"we" would be modestly surprised if agm had anything of great importance to impart .....

however, and despite share mags note of caution today, GKP still looks quite a good bet insofar as (a) kurdistan not as hostile an environment as some places and (b) there may be further good news to come from that quarter in due course

GPX is arguably the better punt - i happily hold both

We are back in GKP but missed the GPX boat which may be a tad expensive to board now.

as you note, i disagree about GPX, though to be honest, i am already very well in the money there and even i am not tempted to cash in

GKP remains almost an unknown quantity whereas GPX appears quite transparent, we see more %tage upside in GKP.

At the moment : they are both great to hold though GKP might drop in the event of nothing at 3000m, if they draw a blank down there ...back to 20p....but the well is already a success so perhaps settling somewhere between 20 to 25p....but if they hit the jackpot : I would like to think anything above 50 or 60p perhaps even more, so well worth staying in if my guesswork sounds about right...GPX looks like it should keep on climbing up to above 300p but perhaps not in a straight line....views on these estimates are welcome.

If GKP as you say "hit the jackpot" you have another HOIL with the sp moving up to 2-3 a potential gain of up to 1000% whereas GPX going to 3 is a gain of only around 35%.

lol! ..... would be happy with either going to 3.00 ..... i should live so long!

A mixture of the two sounds about right to me..exciting times....frankly it sounds too good to be true for GKP to hit a major strike...I will fall off my stool if they do !, but anyway I'm in and there will be lots more wells to be drilled.