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.

P - at times you really do post like haystack on the gaza thread thus seriously devaluing any valid point you may be trying to raise or discuss

the court case is important insofar as it is unsettling and markets do not like uncertainty ..... if the court finds in favour of GKP - looks the more likely result to me - then assuredly sp will rise and take some reflection from the performance of GENL

so tell us all as a corollary to your logic, why are people not piling into fogl, which is static at best - now 60.75 mid?

Why should anyone pile into FOGL now ?

They are roughly just under 4 weeks to getting to TD, so why buy today ? I have, just snatched a load on this mornings recent drop, but why should anyone else ?

similar argument surrounds GKP's court case then; rather as i said

I've fust twigged why P's post was not sqelched,seems it only happens whan logged on? He has been warned on another board about his posts,changed his track,agenda stillthe same.
CC has been suspende until next week,to allow judge to study the witnesses statements?

On iii from leithlyj

For some explicable reason the people who went to court (to the best of my knowledge) have not told you something fairly important.

Mr Singer the backer of Excalibur has flown in from America, is now present in court and has been since Monday.

Why this is not public knowledge is beyond my understanding but there you go, its out there.

Now why might he be there? Well either he has something he can add to the pot or the case is going so against him he is trying to save himself money and possibly even his reputation.

Anyway that's all for now.

Their are those who disagree with the above post?

Cyril, you need to see the big picture. In my opinion you are getting bogged down in all the peripheral rubbish and the hypothetical reasons as to why,,,etc etc. Next you will be questioning why the water bottles on the court tables carry a Ukranian label.

It's the beginning of a slide now.

Hlyeo...you're doing your diva act again !...

quite so ..... shortie and mj at least support their view with some reasoning

8 weeks of court case to go............

Why not sell some, hold some cash and be ready to buy other stocks which have potential "mammoth" news in the pipeline.

If the news comes good, you can ride it, if the news does not come you simply buy GKP back cheaper in six weeks time or something like that.

Plenty of reasons people are selling GKP now with very little news in the coming 2 months.

Say it as you see it hlyeo! Don't let the others grind you down!!!

and what about FOGL? ....... for all that, though i shall not, if one is sitting on a respectable profit (i am not), then lightening would do no harm - that is assuming this punch and judy show will indeed not be reach judgment for a further 8 weeks ..... i did not expect to it to be anything like that long, but no doubt someone else will corroborate one way or another

Yes, you carry on hyleo...........

Its quite funny that people who post pathetic one liners and silly "going down" etc.. on other stocks they do not hold get agitated when someone does it on a stock they do own.

What goes around, comes around................

cynic, the trouble is whilst the court case might seem silly a this moment, there is bound to be some "smoking guns" out there, and when they are "shown" everything changes, if that is what happens.

With court cases its all about timing, and there could be some juicy revelations much later on which might shock people.........who knows............

P - at least even you post your reasoning even if others (inc me) think it's rubbish - as is one's right ..... imo, and i could easily be wrong, excalibur are merely carpetbaggers

It is never good for a company to have an ongoing court case....that's the reason for the slip...now whether one wants to avoid, hold or buy more is up to the individual.....If I sold I would make a loss as bought higher so have decided to sit this out...not good perhaps but Shaikan is a massive discovery and I like the way this excalibur lot have waited for the discovery to be appraised and such before making a claim.....I wonder if they would have done so if GKP had come up with diddlysquat ?...

I find it interesting that The Times keeps reporting rumours of GKP are trying to settle this case and put an end to the court case.

If those reports are true it may suggest that Exc. do have at least one smoking gun up their sleeve and are letting things run and run in the knowledge they can bring it out anytime they like.

Else why would GKP allegedly be trying to settle quickly, as reported in The Times rumours twice

It probably boils down to : did excalibur put money on the table all those years ago to invest in the GKP operations....my answer is no...then in fact they should forfeit everything that followed...that's the normal way of proceeding for aim companies in the oil and mining business...you get to a stage when finance is necessary anf if you don't come up with the readies the company goes on without you...it happens all the time...the thing is to prove this in court to a judge !....not always easy in the world of high finance...

But RF Shaikan is not that big.

If you put in a recovery factor of 20% from the OIP and then deduct all the taxes, GKP end up with as follows :

If you use a figure of 13 billion barrels of the famous GKP "OIP" (Oil In Place).

Run that with license percentage (54%) and Recovery Factor of 20%, but then GKP will only get 8% of the price of a barrel of oil (all PSC terms) - so taking the 8% into account you get :

13,000,000,000 OIP x 54% (WI) x 20% (RF) and times 8% (PSC) = Net "real value" 112 million barrels of oil to GKP as reserves.

Just 112 million barrels of oil net worth of Shaikan to GKP...............(based on 13 billion OIP figure).

It's a lot more than that Proselenes......the recovery factor over a 20 year period will be much..much higher...don't know about the 8%...where do you get that from ?...