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.

Nice article, thanks.

GKP has currently 478.49m shares in issue. 250m more seems one hell of a dilution, depending on the issue price. Needs careful watching, imo.

Take a look at SEY, that is a dilution, at least GKP have discovered something; At a guess it should be around 30p or so, I doubt it will be anything less, the finance people should be fighting over getting a foot in the door here..

Despite my post (325) I have sold for in excess 200% profit. Good luck all remaining holders.
2517

Now what are you going to do with all that loot George?

I hope to get back in lower down on GKP, or there will be several opportunities to buy blue chip co's over the next couple of months I'm sure. Or the missus may invest some in the retail sector ha!ha!
2517

Unless it's dry at the bottom you probably won't be able to...though a few pennies pulback always happens......I would retain some.. 2517george...

HC- If they get the big lump sum of cash from the Algerian asset then they will be flush for the next years imo. Will massively help fund Kurdistan development (the intention).
Current cash looks enough for this back to back drill programme. When GKP was bid for (takeover) they offered 208m for (74P) in 2007 for Algeria (RAK Petroleum).

So $150m is getting them (the bidder) a good deal if it is confirmed.
Suggests three parties are interested so who knows.

From post #330 lizard:
"GKP will vote at tomorrow's AGM for a new mandate to issue up to 250m new shares, as it looks at ways to monetise its potentially significant resources in Kurdistan."
This looks to be in addition to any sale of assets.

Who knows but if Algeria is sold for that then can't see the immediate point of more share issues.

They only put out an rns a month ago confirming intention to sell Algeria (as it looks at ways.......Kurdistan).

Would GKP let go of their position in Algeria if the prospects in Iraq were not already known.

depends how big a gambler the board is .... i think iraq is quite a long way from a "happy ending", though kurdistan is preferable to further south

I reckon the sp could jump into the lower forties early on monday....this is way ahead of drilling results....

why?

Talk of 3 interested buyers for the Algerian assets--min $150 maybe more as they turned down a bid of 74p some time ago when they only had Algerian prospects---possible developments from the IOC interest in a T/o for however many billions it was---traders in ahead of the september target depth. General pi excitement at being in at the possible birth of a giant oil co if it's allowed to survive****take your pick Cynic!! I'm in and holding at least until Christmas!

i'm in and happy enough ..... ditto PCI and GPX and CFM (as a bit more of a greed-gamble!) ..... the reast of my portfolio is rather more based on "proper" companies

Are you in PXS yet? not one to miss IMO as it's starting to move up after a long wait. read up on the Sirco website what it does and on the Provexis site their other irons in the fire. 2 year trial on a treatment for crohns disease etc.

Interesting to see that GKP was one of Barclay's Stockbrokers most favoured buys last week:

Saturday, 8 August 2009 to Friday, 14 August 2009
purchases sales

1 ROYAL BK SCOT GRP 9.67%

2 LLOYDS BANKING GROUP PLC 8.34%

3 BARCLAYS 4.80%

4 XSTRATA 2.46%

5 TAYLOR WIMPEY PLC 1.56%

6 Gulf Keystone Petroleum 1.55%

7 RIO TINTO 1.38%

8 Provexis 1.26%

9 Kazakhmys PLC 1.07%

10 HSBC HLDGS .95%

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14368#lastread

nope your post has gone now!

:-)