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.

what is up with that guy? ..... did his dog refuse him sex again last night and this morning?

meanwhile, looks like a bear squeeze under way with order books now balanced and sp ticking up strongly

Not a bear squeeze, just lots of people have cash sloshing in their accounts after selling many stocks earlier this week and are chasing a quick day trade like me.

Got in this morning and will sell later today for a quick 5% or 10% or whatever I can get.

Pretty simple short term momentum trading.

whatever ..... i like momentum trading too, especially with the likes of lemming-fave GOO

Thats me sold out of GKP after buying this morning, lovely little day trade there, well, hour or so trade :)

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if he was very sharp on the button, he could just about have made 10p a share ...... if you buy 25,000 that's a respectable profit ...... i have my doubts as to either parts

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lie through your back teeth - simples!

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Sorry.....decided to leave that out...

Spudding of Bakrman-1 Exploration Well

Gulf Keystone is pleased to announce that the Bakrman-1 exploration well spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq on 7 May 2012.

Bakrman-1, the third exploration well to be drilled on the Akri-Bijeel block, is located 32 km to the north-west of the Bijell-1 discovery well and 25 km to the north-west of the Aqra-1 appraisal well, which is currently being drilled to appraise the Bijell discovery.

http://www.cwciraqpetroleum.com/conferences/programmes/

Considering the amout of oil overall...way,..way..undervalued here...

i'm not certain, but i have a strange feeling that the reserves are not actually proved - i can't remember what phrase one has to look for, as very often, what you think a statement says, is far from actuality

There has been a lot of reserves upgrades over the last two years...I think that we are now in excess of 12 billion barrels.

i am fairly certain that these so-called "reserves upgrades" are no better than P50 = little more than possible ...... the important announcement would concern "proven reserves" = P90 or not less than 90% chance of Xmmb being recoverable

unless i have missed something, i do not think gkp have been brave enough for that - yet

There have been some important flow tests...and more to come......in my view we should be way over 300p.....but the market is so depressed ......