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.

Cynic is getting his knickers in a twist... he can't even differentiate GKP from GKN
(not a keyboard error - N is not even next to P on the keyboard)

One things for sure, fogl will be 50p quicker than gkp....... what a loss they're carrying.,.

ah well, i'm so old i remember when GKN was known as Tubes, with some inevitably thinking they were investing in london's infrastructure

===============

of peripheral interest, but for those who like to monitor whether or not i take sensible profits or cut losses, my average price for GKP (sic!) is 221.75

Harry shooting the messenager,or challenging a possible shorter,paid de-ramper? He only pops up when the SP looks weak and is trying it on another board(getting no change)under the name Pro-S2009.To engage him is to encourage him,that asidei will just say this,the USA gave blanket air cover for the Kurds in the past and can't believe that they will not do so the the future and will not provide F-16s to carry out a Syrian style
massacre. Libya was defended and guess what,OILL,BLACK GOLD.
Yes we know the area is risky,it's our decision,but all stock would suffer if things turned nasty in the ME with the biggest threat of war coming from Israel?
AIMHO
That's my last on the issue.

don't be a spoilsport cyril :-) !
i happen not to agree with you about israel being the most likely to spark serious conflict .... whatever that gov't's failings, they are much more subtle and devious, whatever their public pronouncements - for domestic consumption ...... however, syria looks to be a totally loose cannon which no one is willing to tether ..... clearly hezbollah + russia/china continue support assad for whatever black reasoning, and as i stated above, the muslim league which is supposedly exists as a stabilising influence/force is even more spineless than a jellyfish

Back to GKP,Investor Chronicle gives us a Buy reccomendation this weekend. Lets see what comes out of the CC(the reason for present weakness imo?) today,GKP's Barrister (who is coming across as top draw)asking the questions.

Libya was defended....... yes.... with UN SECURITY COUNCIL agreement, as per the law.

Russia has UN VETO power.......... which is why while Russia so ok to Libya, Russia has said NO WAY to Syria response........ and so the UN and the US can do nothing about Syria as Russia has veto power on the UN SC.


So if Russia is embedded with Iraq central government and sold all the weapons to them, do you think they will say "ok" to any US or UN action should the Iraqi's decide its time to stop the rebellious province of Kurdistan. And do not forget, its an INTERNAL issue as Kurdistan is only a province of Iraq...... nothing more.


The mandate for UN and US action in Iraq is over....... and they can do nothing now should the Iraq's decide (once they have the new weapons) to sort out the Kurds and their middle finger waving at the moment.

Don't worry cyril. I am aware of the agendas of the most prolific posters, but nevertheless, Kurdistan has great potential coupled with great risk. Personally I would not be comfortable with having a large stake (more than 10% of portfolio value) in any company which only has exposure to Kurdistan, which is why GKP worries me, as they are strategically withdrawing from Algeria to focus entirely on Kurdistan. AFR & GENL at least have other strings to their bows.

Harry yes care and not over-exposed is without doubt the best option,but GKP does offer the chance of some serious gains. I can't see Tony Haywood being in KRG unless he was very conifdent,same goes with the other major plyers.

per the above 2 posts, that is no doubt why AFR continues to perform steadily stronger, while GKP is floundering about while this court case is resolved ..... meanwhile, GNL is performing strongly which may give an indication as to where GKP will head, always assuming a satisfactory result in court

A few posts from todays CC.


from pj66 on iii (at court).

post: 'gasps from the cheap seats':

"Email from EW to RW

F*** him , his wife and kids

Bury the B' stewards

Wow!"




Many thanks to B19400 for his efforts--

'13:09
Re: Court 15 - Day V
B19400
JG continues by showing that TKI & GKP are distinct. TKI is no puppet.

Assignment. A matter if inference from Excalibur. Without assignment, GK are free to bid for what they want.

Then we heard details of a couple of emails between the Wempen brothers. One saying "they probably won't find oil"; the other, profanity laden, suffice to say they don't like Todd!!

Next an email from RW where he appears to misrepresent his position at UBS regarding funding. UBS were never intending to funds Excalibur.

Previously we heard Excalibur's claim that GK cut them out of the deal. JG read out a series of email whereby GK actually wanted Excalibur to farm in because funds were tight. As we know Excalibur could not get any funds at all'


Again, from triple i:-

B19400 13:09

Re: Court 15 - Day V JG continues by showing that TKI & GKP are distinct. TKI is no puppet.Assignment. A matter if inference from Excalibur. Without assignment, GK are free to bid for what they want.Then we heard details of a couple of emails between the Wempen brothers. One saying "they probably won't find oil"; the other, profanity laden, suffice to say they don't like Todd!!Next an email from RW where he appears to misrepresent his position at UBS regarding funding. UBS were never intending to funds Excalibur.Previously we heard Excalibur's claim that GK cut them out of the deal. JG read out a series of email whereby GK actually wanted Excalibur to farm in because funds were tight. As we know Excalibur could not get any funds at all.

ries
22 Oct'12 - 13:13 - 233500 of 233500

sounds better than Magic Roundabout, or even Corrie or Punch and Judy on Swanage Beach :-)

WOW....loved Swanage Beach......... family holidays back in the 70's!! I bet it has not changed.

don't you knock corrie!!!.,.

my kids had a great time .... we stayed at Knoll House several times = Butlins with BMWs!

Sorry not quite as glamorous where we stayed........a guest house up Victoria Avenue! but very happy memories.

the great advantage of knoll house is that it has a really good adventure playground for the kids, and a nudist beach for the (fool)hardy very nearby :-))

http://uk.reuters.com/article/2012/10/22/uk-iraq-kurdistan-traders-idUKBRE89L0TI20121022

Mr P - please can you tell me where that mini-minnow Gazprom is based? ..... surely it must be bermuda or similar

Exxon Mobil has been followed by other majors including Chevron, Total and Gazprom, as production-sharing deals with Arbil are seen as a far better arrangement than Baghdad's fee-for-service contracts.

Re: Court 15 - Day V

B19400
11UP
JG explored the problems Excalibur had with funding. At no point did they get past "first base" with any prospective funders.

The fact that Excalibur likened themselves to Vast got a good laugh all round.

We are all aware that Jones Day have been seeking disclosure in the American courts. Clifford Chance have been very keen that this tactic failed. It did not fail, and we now have EWs email off the UBS servers (hence the email we heard this morning).

Another email from EW to RW said "$1M is one hell of a good payday considering you could not get funding".

Much was made by SP earlier of TK making five witness statements; it transpires that RW himself has made four!!

Back in tomorrow morning.

TK & JBG not here today. EW absent too.
---------------------

Thanks to B19400 ---- again !