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.

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

So why do it then, if all the indicators are telling you to stay away? Sub 200p is likely, imo, though it's only really a psychological barrier as chart support is lower than that.

because i am not always as disciplined as i should be and readily preach to others :-)
however, i still reckon that this is one of the better punts in what will always be a key if volatile region

The Court Case brought by Excalibar has been deleyed until Wednesday,will cause some volitilty imo? As far as the Bond option,in excess of 270p with 2017 cut off,approx loan rate 6.25%.

1st payments from ICG.

http://af.reuters.com/article/commoditiesNews/idAFL6E8L8B4520121008?sp=true

as it stands, the knife has been very safely caught! :-) ...... prob helped by this ....

IEA predicts boom for Iraq’s oil industry
Iraq’s oil output is to more than double by the end of the decade, and by the 2030s it will be the world’s second-largest oil exporter after Saudi Arabia, according to an in-depth study by the International Energy Agency.
Fatih Birol, the IEA’s chief economist, told the Financial Times ahead of the launch of the report on Tuesday, that Iraq’s oil production would be “crucial for the health of the global economy”. He said Iraq would account for 45 per cent of the anticipated growth in global oil supply over the current decade.

From the Telegraph.
Gulf Keystone Petroleum and its colourful chief executive Todd Kozel face a high court battle this week in a long-running dispute with a former US special forces soldier over Iraqi oil assets.

Excalibur Ventures, which is based in the US and run by former Green Beret Rex Wempen, claims it is entitled to an interest of as much as 30pc in Gulf Keystone’s assets in the Kurdistan region of northern Iraq.

The complex and high-profile case will begin on Wednesday and is likely to be closely watched.

Excalibur has said it entered into a “collaboration agreement” with Texas Keystone in February 2006 giving it close to a third of any fields that were won in joint bids.

Texas is owned by Mr Kozel, chairman and chief executive of Aim-listed Gulf Keystone, and his two brothers.

From another board,make of this what you will?


Despite being a LTH I rarely post on the board as I am not knowledgable enough to do so, so I just watch!
However some of the better and more comprehensive posts today have listed a good deal of considered information and 'on the spot detail' so, perhaps consideration and thought could be given to the following?

I have direct contact with personel in Kurdistan, and talking this morning, the opinion there is that GKP are holding back certain information, possibly because of the cc. Soon a reapraisal of Shaikan etc will be issued, but in the meantime it is believed that the KRG is 'desperate' to get the oil out of the ground and GKP is nowhere big enough to do that; it is estimated some 200+ wells will be required in the area.There are a lot of 'big' players hovering out there, but the main ones suggested at present are, Exxon, Total and Sinopec
and the opinion is that there is no way GKP will be able/allowed to 'Go it Alone'
So apart from the cc, why are we waiting??

The C Case has been delayed by a further day and will now commence tomorrow at 10 30am.