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 sort of males sense.


Out of interest I have received a reply to an e-mail I sent to GKP.
It says
'blah blah blah...In the past year, we have been issuing at least one operational update every month or so, which places us ahead of most of our fellow operators in the Kurdistan Region of Iraq, and we will continue to do so.'

http://www.youtube.com/watch?NR=1&v=Riyv56pixOk&feature=endscreen

noc how much oil have they actually produced and sold?

you old cynic hali!! ..... you imply none, but in fact, i think it's quite a lot - whatever that may mean ..... but more to the point is the proven and still to be proved quantum of this allegedly massive shaikan field

I'm shaikan just thinking about it!

not the REAL shaikan stevens are you?
or perhaps johnny kidd and the pirates shaikan all over?

No, but I've got a green door! :0)

Not much green about oil though!!

cynic their last accounts don't show any sales,why do you say they have sold "quite a lot", reminds us of HAWK?

!

i will happily accept being corrected, for my memory was clearly faulty - it happens with age they tell me ..... anyway, as you are well aware, the value of gpk lies in this shaikan field .... if it's as massive as mooted, then for sure the company would be worth an awful lot to a predator, notwithstanding the current political uncertainty

will believe it when we see some oil coming out of the ground, HAWK was going to produce plenty of oil, so far only a few buckets, sp went down the drain when PI's realised the truth.

in this instance, a very unfair comparison for the reasons outlined above

I believe it's upto 10kbopd now,from the 4,000bopd stated in the proactive report
?
http://www.proactiveinvestors.co.uk/companies/news/37575/gulf-keystone-petroleum-exits-2011-producing-over-4000-barrels-of-oil-a-day-37575.html

From the O&G Presentaion 23rd Jan.

Intend to maintain drilling pace for foreseeable future: May/June sh 1, 3 & 4 40k bopd would mean self funding program's going forwards, then sh 2, 5 & 6 November 2012 to 60k bopd.

Currently funded thru 2013 including pipeline, development and appraisal.

Big play of involvement in Kurdistan including sponsoring seats at university and employing locals first wherever possible. Gone from 17 to 800 Kurds on the books.

KRG target of 1m bopd gkp will be a significant part of that. Considerable amount of respect between KRG and gkp. Proven premier operating company in sector.

Short and sweet presentation said TK.

Turning into appraisal and production company. Can produce 80k bopd now. Experienced no delays at all on anything with respect to politics and made great play of avoiding whole political issue. Stays well out of it. KRG very responsive and gkp not only have permission for pipeline but have encouragement for it.

http://www.iii.co.uk/articles/26895/oil-company-ma-potential-targets-and-punts

Part of Iraq oil report, haven't got it all.
Iraq is on pace for another weak month for exports, officials say, and oil fields are being forced to curtail production. The problem stems from persistent infrastructure bottlenecks: a new export facility remains delayed and weather conditions have stymied tanker loading.

The Iraqi Oil Ministry's Inspector General is also intently watching an investigation by Australian authorities into the country's largest construction firm, which is accused of paying for bidding information in its success...

So the Insp General thinks he should have a piece of the action as well?

and how else was the company to secure biz in the region?
some of the western countries really do have a very prissy attitude to these "secondary commissions"
the al yamana arms deal was a classic .... the americans subsequently had a bad bunch of sour grapes because they were outsmarted

http://www.ceraweek.com/speakers/

CERAWeek 2012 - March 5th-9th in Houston, Texas.

Interesting Attendees/speakers:

*Ashti Hawrami, minister of natural resources, Kurdistan Regional Government, Iraq.

*Yves-Louis Darricarrere, executive vice president of TOTAL S.A. ,president of TOTAL Exploration & Production and TOTAL Gas & Power.

*Rex Tillerson ExxonMobil Chairman and Chief Executive Officer

*Peter Voser, chief executive officer, Royal Dutch Shell

*Jay Pryor, Vice President, Business Development, Chevron Corporation

*Iain Conn, Group Managing Director and Chief Executive Refining & Marketing BP p.l.c.

*Sergey Vakulenko, Head of Strategy Planning Department, Gazprom Neft

*Helge Lund, president and chief executive officer, Statoil ASA

*Martin Houston, Chief Operating Officer, BG Group plc

cynic do you mean bribes or backhanders when you say "secondary commissions"?