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.

noc thanks for the "rumour"

i give up with you hali!! ..... you're worse than me ..... i never put a value on gkp or even attempted to .... you asked a totally different Q about foreign companies investing in M/E, or even wanting to, which i thought i had answered quite well, even if not to your satisfaction

Hali Thought you might?LOL

I heard SINOPEC interested this morning. Could be, could be not. All speculation (possibly put about to suck in private investors!!!)

cynic would you invest billions (even if you were a billionaire) in GKP at this time major companies have a duty to protect shareholders funds, even if the oil is there such an investment would be considered highly risky in view of the political uncertainties in the region. FOOLS RUSH IN.......remember what happened to BP in Iran back in the 1950's.

i couldn't possibly begin to answer that ..... however, oil exploration and exploitation is, by its nature, a very risky enterprise, and becoming more so as the "easy targets" have already been found ...... however, if one starts with the assumption that shaikan is indeed a massive site (not yet exactly proven it must be said), then it becomes a matter of risk/reward ..... it should never be forgotten that iraq (and kurdistan) desperately needs oil revenue, just as does iran and saudi ..... everyone likes to think that saudi is rock solid with minimal risk .... in fact, the monarchy is on very dodgy ground and there is also a strong islamic fundamentalist sector within the court

so, to revert to your question ..... yes, always provided shaikan is at least a very significant find, then i do think that gkp is very likely target for any number of possible suitors, even if nothing materialises for say the next 12/24 months - my personal view is that gkp will receive some sort of serious approach within the next 12.

by the way, for how many decades was bp comfortably "in residence" in persia before it all ended in tears?

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AGKP.L&threshold=50&it=le&action=detail&id=9421504

cynic

" This time next you will be a millionaire , the World's your lobster "

lobster's not kosher :-)

London Ev Standard...

".Gulf Keystone Petroleum bounced back on AIM today — after shedding 16% yesterday — as vague takeover rumours once more did the rounds, with China's Sinopec again suggested as a possible bidder"

Pimks finish at.
US$ 4.43 = 2.82381438 UK£

http://timesofindia.indiatimes.com/business/india-business/Videocon-eyes-Kurdish-oil-blocks/articleshow/12255583.cms

In the Times, Tempus ponders the ups and downs of Gulf Keystone, the oil explorer focused on Kurdish Iraq.

It has a significant prospect called Shaikan, which could net half a million barrels per day but the politics are complicated. The Iraqi government put the frighteners on companies, like Exxon, who wanted to operate in both the south and north of the country, this has reduced bid pressure for the firm.

But Tempus thinks the amount of oil at Shaikan may still tempt a major player into an offer, while the oil reserves are significant. Buy.

As Jimeny Cricket would say, "and their's more"


RELATED KEYWORDS: Royal Dutch Shell|Kurdish oil blocks
Videocon eyes Kurdish oil blocks
Piyush Pandey, TNN | Mar 14, 2012, 03.42AM IST
MUMBAI: Videocon Industries has firmed up plans to bid for oil blocks in Kurdistan - governed by the Kurdistan Regional Government - even though global oil majors have been shying away from bidding for oil assets in the region. Iraq, which has a dispute with the regional government over royalty sharing issues, bars firms that bid in Kurdistan without seeking its approval.

"We are going to bid for oil blocks in Kurdistan. It has a regional autonomous government there," Saurabh Dhoot, director on the board of Videocon Industries and nephew of Videocon Industries chairman V N Dhoot, told TOI. Saurabh oversees the oil business at Videocon Industries.

Asked if Videocon would bid solo or through a consortium partner, V N Dhoot said, "BPCL is our natural partners... We will offer them to be our partners in KRG as well.

very strange day here, but some chunky orders on the books at 259/260

oilman again


Gulf costs 6 mil
Texas costs 3.5 mil
To be paid in to court by Excal in 21 days

am i singularly thick?

Court hearing regarding costs incured by GKP and TKI,to be paid by EXcalibar.

ah - guess that makes me doubly thick then :-)
mind you, those costs are small beer in relative terms

Oilman63 update.

"Excal man is not happy. Looks like he has just had the wind knocked out of him. Hearing over"

Seems as though they are trying to raise the money via the market,any backer would have to cover all costs yn the event of them losing?Bear in mind the last judge,,discribed them as "CHANCHERS"?

Thanks to sicilian kan on iii:--

17:32 Re: Court today sicilian_kan 7

Court dates are calculated in civil law as follows:

(a) If 5 days or under, then it excludes weekends, bank holidays, Christmas Day and Good Friday. So 3 days from a Thursday on bank holiday weekend will take you to the Wednesday thereafter.

(b) If over 5 days (as in this Court case), then weekends and bank holidays are included, i.e. 21 days is 21 actual clear days. So to quote the Civil Procedure Rules, which give the following example:

"(iii) Particulars of claim must be served within 14 days of service of the claim form.
The claim form is served on 2 October.
The last day for service of the particulars of claim is 16 October."

This can all be found at CPR r2.8 at:


http://www.justice.gov.uk/courts/procedure-rules/civil/rules/part02#IDACZ0HC
-----------------------

Excalibur 21 days £9.5 million.
£9.5 Million by April 4th