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 may be a very potential war zone in the near future...


Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, has tripled its losses for the half year ended June 30th as general and administrative expensenses more than doubled on the back of a significant increase in the operational activities as the company's projects expand and mature.

A sharp increase in revenue was seen but was matched pound-for-pound by a rise in sales costs, resulting in no gross profit for both 2011 and 2012.

During the period the firm made further sales of crude oil from the Shaikan -1 and -3 production facility, which generated the increased revenue. The group's net entitlement to sales during the six month period was 367,881 barrels (1H 2011: 37,203 barrels), which more than offset the decline in the average price realised to $42.06 per barrel from $44.23 the previous year. Operating costs, excluding inventory movements, depreciation, depletion and amortisation costs and share based payment charges were $28.07 per barrel (1H11: $29.59 per barrel).

210p looking too expensive considering the area at risk and the fund raising and the dilution it has made.

how many have you shorted and at what price?

Dilution of 6.5%? That's bad Hlyeo? How do you expect a oil and exploration company to grow if they do not raise funds? The oil business is an expensive one and cannot be self funded by small fledgling outfits.
But I imagine you must be an accountant and able to determine the fundamentals to make the dilution claim?
I don't think anyone can argue that the area is a bit politically unstable.

Many many at 234p with a stop loss now at 234p in case it rises back. Target 150p on Syria/Turkey war...... :) and then target 50p on Israel/Iran war Q1 2013.

And if not then the stop loss comes into play and nothing lost.

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Let's see what happens here if Romney becomes president?

???????????? what has that to do with the price of bananas or anything else? ..... even if elected, he won't be inaugurated until january

oh by the way, you haven't got round to telling us at what price you have shorted this and the myriad of other stocks that you dislike
come to think of it, have you ever admitted to marrying money with mouth?

You are such a busybody, cynic. I am gobsmacked. Do I ask you what colour underwear you wear or how big your truncheon is!

you are very welcome to, but in relation to all these companies that you say are so over-rated - almost never otherwise - i am nosey enough to ask if you ever put money with mouth ..... it's very easy to talk the talk, but do you walk the walk? ..... something tells me not

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usually black or grey but occasionally multi-coloured ...... big enough i am told

very smooth cyners .,. lol

But I am certainly not interested and will not be as nosey as you are. I pity your neighbours. And same with u as you always talk the talk with lots of 'sitting on the fence' comments.

however, when i do commit, i often say so and at what price and whether or not i have been a smartarse or just an arsehole ..... currently, you seem to fall into the latter category for lack of evidence to the contrary

I think they must be two of the longest posts hlyeo has ever made! Welcome to the fold hlyeo. It's downhill from now on into the abyss of mutual back slapping and back stabbing!

imo, not that it's worth much, a poster who never gives any indication at all as to whether wallet and whine are holding hands is very likely to be running a cyber position at most

in this instance, i most definitely hold a long position and have done so for a while ...... though the journey will inevitably be lumpy and bumpy, it is known that GKP indeed holds tangible assets, and those will become increasingly interesting or even valuable when the sabre-rattling finally dies down .... indeed, it very much looks that this is now happening

I think GKP will be sliding from here.

money/mouth or (more likely) hyleo/humbug

We'll see the sp. That's what counts.

the market never lies, but over what period are you now talking and down to what level do you think?

the chart is certainly far from pretty, but will 200 form a support of any substance?

probably foolishly - falling knife syndrome and all that stuff! - i have just topped up at 201.75 even though the order book is heavily in favour of sellers