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.

7 0


http://www.brokerforecasts.com/news/article/articleId/4496531

Gulf Keystone: Worth a look

The past three months have seen a very odd passage in the history of the Kurdistan explorer Gulf Keystone [LON:GKP], which has made the mother of all discoveries in the supergiant Shaikan field.

The shares have become moribund. More than that they have begun to drift as rumours of a takeover bid (everyone from Exxon down has been mentioned) have faded, along with the usual torrent of news flow.

Valued at £1.7bn, it takes something special to move the dial.

The 22% fall in the stock since late September indicates investors expecting the news to be on the negative side.

Those who track the stock closely will know the group is currently embroiled in a messy High Court spat with Excalibur Ventures, a company that lays claim to a portion of GKP’s new-found Iraqi oil wealth.

If the drift in the stock has been prompted by a bout of the jitters over the long-running case, then this is more than a little odd.

The litigation cloud has been hanging over GKP for almost two years now – which suggests the impact should and probably was factored into the share price long ago.

What we have now is a 60% gap between GKP’s current price and the value ascribe to it by the City of 310p.

Goldman Sachs is just below consensus at 307p, while Seymour Pierce reckon it is worth 520p.

So at these levels it is very much worth a look.

http://en-maktoob.news.yahoo.com/turkeys-energy-investments-iraq-track-minister-092343197--business.html

"Resources cannot be an issue bearing in mind who the Funders are" - Jonathan Gaisman, ten minutes ago.

Even Harvey smiled.

Simon Fisher ‏@simonfishybits
Judge Clarke has told the court the factual evidence is to finish before Xmas & this case is to finish at the end of February

And from another source.


The Judge has just ruled that this case must not drag on. Todd and John G. evidence must be finished this month.

Excalibur to present their closing submission on 11 February 2013

GKP/TKI to then present by 18 February 2013

IMHO DYOR etc.

Another,



A couple of points so far...

Judge: Will only do a present day valuation if the court finds it necessary to do so....!!


Judge basically made judgement on timelines as JG wanted it...finished before Xmas for witnesses and finished by end of Feb for experts closing statements etc.

Judge...courts not an infinite resource.

TK...Goodpersonal friend with CEO, Sept Mehmet, of Genel...very interesting!

Something I didn't realise was how well he knew Ashti...from when he was CEO Of his Co, ECL.

http://www.rudaw.net/english/kurds/5503.html

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AGKP.L&it=le&action=detail&id=10241764

http://www.chevron.com/chevron/pressreleases/article/12052012_chevronannounces367billioncapitalandexploratorybudgetfor2013.news

http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/11409/amara-mining-baobab-resources-minera-irl-nyota-minerals-and-others-feature-in-fox-davies-newsflash-11409.html

http://gkpinvestor.proboards.com/index.cgi?action=display&board=analysis&thread=1688&page=1#ixzz2EL1d8gxi

http://www.upstreamonline.com/live/article1300395.ece

http://gkpinvestor.proboards.com/index.cgi?action=display&board=analysis&thread=1691&page=1#ixzz2EN8HuAxd

http://gkpinvestor.proboards.com/index.cgi?action=display&board=analysis&thread=1691&page=1#ixzz2EQ0yBz6Q

C&P

One of the most important announcements last week was the U.S decision to allow commercial flights to Kurdistan for the first time in over 16 yrs. Note that this does not extend to greater Iraq but just the 2 airports in Kurdistan.

that as may be, but US is already doing massive biz in southern iraq, regenerating the oilfields

Been buying GKP sub 190p. Quite a large position now.

Ready and primed for the massive ramping by the GKP ramping crew once the court case finishes.

of course you have, even though the case won't close until february

Which is why you buy now.

As the closing becomes nearer so more people will be buying in before the massive ramp occurs. Buy low - sell high.

As your stated holding price is 220p average (from old posts) I will be well into profit as you become close to breaking even.

Proselenes - 19 Nov 2012 14:17 - 2285 of 2382

Well cynic, you'll be pleased to know I am now taking a long break from the bulletin boards........ so you'll have to find someone else new to pick fights with.

Adios and have fun (and do not lose too much on Turdistan stocks !!)

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