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.

looks to be an awful lot of very brave people out there, if the picture really is as simple as appears
from what i read here, though it is assuredly very partisan, EXC look to have made total asses of themselves, as do the muppets who backed them with lots of dosh on a no win, no pay basis
i have said EXC guys were a bunch of carpetbaggers several times, and i see no reason at all to change that view

Turkey - Kurd O&G deal near.........

http://www.rudaw.net/english/science/columnists/5550.html

.

Just came across this post,a good summing up.

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AGKP.L&it=le&action=detail&id=10266345

Gazprom stays put in Kurdistan.

http://www.cnbc.com/id/100320790/UPDATE_2Gazprom_Neft_defies_Baghdad039s_Kurdistan_warnings_analysts

.

MrP - we are all allowed to change our minds, but is my memory not correct that not very long ago you were ridiculing GKP and this region in general? ..... inter alia, were you not saying that everyone but everyone, inc Gazprom was pulling out? ..... at that time, were you not telling us all that FI was absolutely the only place to be and that Kurdistan stocks were just for idiots? .....if i am indeed correct, is it not strange that you do not open your preamble with an admittance that you might have got it wrong?

Forward looking statements.......

Anything said now is out of date in 1 minute from now.


Thats it - because you woke up today alive and well, does not mean you will tomorrow - you can say what you want but you do not know and things change all the time, life is fluid.

my point was that you were previously so (preposterously) biased, yet having changed horses, you don't have humility to even acknowledge you MIGHT have been wrong

There is no right or wrong, there is only today and what might be tomorrow.

Markets look forward, not back. Things change all the time and tomorrow expectation can change many times within a day.

Fluidity is the key.

such arrogance, but then as can only be expected from you i'm afraid
you were wrong wrong wrong and wrong 100 times over, so have the grace to admit it

FAT CHANCE!

.

Quite right, I can imagine pro on a spit roast, turning slowly whilst being drizzled with hot fat plus all the christmas trimmings.,.

Come on GKP - back to 450p by late Feb 2013.

Lovely jubbly

TK finished in court,JG operations director now in box.


John Gerstenlauer said that Shaikan was "a rank wildcat in every sense of the word".

When asked "where on the spectrum from 1 to 10 would it be?" he replied...

..."about a 9.5"

So much for Excalibur's nonsense about a "home run" lol

And here's a good Q&A from close of play today:

GKP barrister: "what would have happened to GKP if Shaikan-1 had been a dry hole?"

John Gerstenlauer: "a price crash to a low level. The price would have plunged from the Placing level. The future of GKP would have been in serious jeopardy. We took that risk"

The SP is being shorted at present,off the back of the converable bonds which have been lent out.A no lose position,as they get their 6.5% whatever.The hedgers take the risk and if it flies as expected,sometime in the new yearthe they'll also profit. So until shorters have finished or such news (MOL on AB or OIP figures from SH)then the SP will flounder?
aimho

Talisman email E2A/1/527

GKP barrister: "Ian Franconi of Talisman Energy to John Gerstenlauer: 'we cannot proceed with a farm-in at Shaikan based on G&G data. There is a very real possibility that there is no structural closure on the Block".

then to 528, a PowerPoint presentation of their concerns: Shaikan as a small 4-way closure if any.

The Judge then asked a question.

John Gerstenlauer: "we look, my Lord, for a sealing structure, an analogue is an upside down elongated bowl. They looked for a 4-way closure with oil trapped all the way round. It was mountainous to the West. It indicated *no closure*. you have to go higher and higher up the dome, and you end up with a small or relatively small volume of oil".

Judge: "How do you decide closure?"

John: "Seismic. You look for bending of a non-permeable layer at the edge"

GKP barrister: "Hence they say a small resource volume"

John: "Yes, a function of a small closure"

GKP barrister: "They say 'oil has seeped to surface, therefore risk' and finally 'A one-shot wonder, with no running-room follow-up potential"

John: "We did 7 lines of seismic. There was no sign on the seismic of any fault lines and sealing. If you drill one bad result, you can't go elsewhere. If the 1st hole found no oil, the 'shot' is Shaikan-1.

http://gkpinvestor.proboards.com/index.cgi?board=analysis&action=display&thread=1724

Chilly chambers.
http://www.telegraph.co.uk/finance/comment/citydiary/9751558/City-Diary-BAE-comms-job-stays-under-the-radar.html

12:41
Re: Talabani in hospital- New Tweet
duffs55
James Herron ‏@djopec
Xinhua reports that Iraqi president Talabani has died of a stroke.

http://www.hurriyetdailynews.com/iraq-president-in-stable-condition-after-emergency.aspx?pageID=238&nid=37091&NewsCatID=352

Just came across this.

Interesting post from the AQP board regarding short-squeeze - would be nice to see one here!

-------

leblancleblanc 19 Dec'12 - 21:09 - 1465 of 1471 1 0

This recovery looks like a short-squeeze to me. Hedge funds with massive short positions are building increasing losses and under real pressure to close the short positions and have to buy back the shares they borrowed and sold.

Sophic have reduced their short position to 2.36% (from 2.9%) - and still have 11.16 million shares for them to buy back:

http://www.fsa.gov.uk/static/international/short-positions-daily-update.xls

Oxford Asset Management have 0.96% of AQP's stock sold short (4.54M shares) since 6th November and have mounting losses too.

These two funds have to buy back a volume of 15.7 million shares to close their positions! The longer they leave it while the share price is rising, the heavier the losses they will sustain... Traders, realising this, buy - sending the sp higher, increasing the pressure on the hedge funds to buy back the shares they sold short...

And, by the looks of things, they're the tip of the iceberg. According to SMD, on Dec 14th, 1/7th of the total stock of AQP was out on loan !

http://analytics.squaremiledata.com/tickers?search=AQP

Looks like there's a lot more buying yet to come... This has the makings of a short-squeeze of truly epic proportions...

For an example of how spectacularly wrong this can go wrong for hedge funds when massive shorts backfire:
http://news.bbc.co.uk/1/hi/business/7697082.stm

Anyone remember this ?

AQP is certainly going to be fun to watch in the coming days / wee