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.

cyril - for goodness sake - and everyone else's - please learn how to precis and/or to write a synopsis! .... surely even you are old enough to have had a proper education wherein you would taught such basics in your english class?

if you can't be bothered to do that, i wonder if it's time you gave up posting and taking up so much space

I presume the Swedish article , in a nuttshell, says...

Shaikan, Atrush, Sheik Adi etc are all linked and form one massive reservoir..
Ergo Unitisation comes into play when ascertaining the value of each PSC for takeover purposes or any other valuation reason.

so more regurgitation and nothing new then :-)

Cynic,i have no intention of wet nursing you, nobody says you have to read it,i will continue to post info that could be thought useful in decision making.As far as education is concerned"clearly GOOD MANNERS were left out in your case.Perhaps YOU could post something worthwhile for a change,instead of criticisum?
Those are my last words,as i no intention of getting into petty type squabble,something that you seem enjoy.

The company’s new board should waste no time in putting aside differences and getting down to business. It needs to redraw its controversial executive pay scheme. It should also arm itself for next month’s finale of the court battle with Excalibur Ventures, a one-time partner in Kurdistan headed by Rex Wempen, the former US Green Beret who is claiming $1.6bn in compensation and damages. That case should decide Gulf Keystone’s future more than any lingering boardroom tensions.


http://www.ft.com/cms/s/0/b2ae254a-f546-11e2-b4f8-00144feabdc0.html#axzz2aN6jni6c

http://rudaw.net/english/kurdistan/29072013

ERBIL, Kurdistan Region - With China already sucking up more than half of the oil production coming from Iraq, the Kurds may be next in the Chinese energy cross hairs.

The Chinese begun to sink their teeth into the Kurdish Region’s vast oil potential in 2009 when Sinopec acquired Addax Petroleum, which holds a joint agreement with Genel Energy to develop the Taq Taq oil field.

To date, a total of 16 development and appraisal wells have been drilled in the Kurdistan Region of Iraq, according to a report from The Oil & Gas Year Review for Kurdistan in 2013.

“Sinopec is China’s largest oil company and has immense capacity to support the development of the downstream sector, both in Kurdistan and the rest of Iraq,” Yi Zhang, the chief executive officer of Addax Petroleum, said in the report.

Recently, a Chinese delegation visited Rasheed Tahir, the Kurdistan Regional Government’s (KRG) minister of finance and economy, to discuss the investment potential for numerous sectors, including oil.

Michael Howard, the adviser for the minister of natural resources, said currently he is unaware of any further Chinese involvement in Kurdish oil outside Sinopec.

“The region has a lot of economic potential and we have a lot of investors from a lot of different countries. Having said that, they may well be talking to individual oil companies we wouldn’t necessarily be aware of,” he said.

The Chinese Embassy in Baghdad did not respond to inquiries about increased vested interest in Kurdistan’s oil market.

But it is clear that China is looking to Kurdistan to diversify its oil resources through Addax Petroleum, a subsidiary of Chinese state-owned Sinopec.

“We hope there will be opportunities for Addax Petroleum and our shareholders, Sinopec, to consolidate with other operators in the Kurdistan Region of Iraq, to farm into blocks or to obtain equity positions through mergers and acquisitions activities,” Zhang said in the report.

at least my tripe is succinct, and if i do post an rns or similar I nearly always paraphrase it to its key points .... perhaps you should try that mental exercise!

Always useful to add your own thoughts/comments Cyril.
After all aren't we posting information and interpretations for the benefit of others with whom we are looking to engage in some form of dialogue?

No gobblygook omce36.....cynic won't understand....plain english please.,.

on the other hand, emus speak almost fluent gobbledegook! :-)

anyway, my view of this stock, is that sooner or later, or even later rather than sooner, it will prove to be a very worthwhile holding, despite all the current shenanigans ..... mind you, that does presuppose that GKP win their law suit and that is always a great unknown in the best and least muddied of circumstances

cynic even if the court case is lost would it make a big difference?

omce36. of course your right,however i see very little of that here.Below is BBB;s responce to the Swedish post.


P.S. I have just caught up with other posts on this board and was pleasantly surprised to read that I'm not the only one banging on about regional connectivity - the swedish site about 'the well that disappeared' (SH-6). Disappeared indeed. A vanishing act from page 17 of the Investor Day presentation but nobody had thoughts about questions such as this that day. Some will remember my post in May 2010 when I first speculated the 100 billion barrels POTENTIAL OIP based on the same geometrical, geological, geophysical and petrophysical principles. I agree with this swedish author's thinking, and with most - but not all - of what he/she has written. I would point out that with information available in the public domain today, it is clear that both Atrush & Swara Tika are NOT part of the mega-structure, at least with regard to Jurassic connectivity. This is because the level of the Jurassic OWC is already known at Atrush - and it is very much shallower than both current LKO (lowest known oil) and anticipated OWC at Shaikan. In the case of Swara Tika, this is known to be a Triassic discovery (no report of anything significant in the Jurassic). However, there still remains potential for Atrush to extend into the eastern-end of Sheikh Adi (DNO's old 'Sariyah' prospect that I posted about many moons ago), and also potential for Swara Tika to extend into the north-eastern corner of SA. Furthermore, based on DNO's reported results from Summail, that too cannot be part of the megastructure at Jurassic levels. But the remnants for the potential mega-structure at Jurassic levels are still VERY significant: Shaikan, Al Qush (nailed-on), southern and western parts of Sheikh Adi, a chunk of Ber Bahr, and Simrit on Ain Sifni. All IMO, and note the word POTENTIAL. And then there is the as-yet barely-poked potential for the mega-structure at Triassic and Permian levels - some more data needed here before I will say more on that - come in #7, is your time not yet up? Patience still required folks. Please note that all the foregoing on 'connectivity' is only my OPINION. Some of you might find it strange that technical matters are still being relegated to a postscript. But the reason in this case, is that the swedish author specifically mentions 'unitisation'. This is what 'I do', it is my job, it has been my job for the past 20+ years (the 'latter part of my career'). I have in fact disclosed this long ago on the GKP bb (please read my posting history), but it is now quite prominent again in the main body of this post

My opinion for what it's worth regarding the CC,is the reason we're wating so long is not
the Wempens claim,more a case of getting the decision correct (ruling on 3rd party rights)?

hali - assuredly so, unless i am being even more stupid than usual - hard to believe ..... surely if EXC win, then they are entitled to a huge slab of equity or it's monetary equivalent?

cynic but would it make a difference to GKP's prospects?

if you only own 70% of something instead of 100%, what do you think?

cynic 70% of a lot is still a great deal!

true, and the "lot" is getting "lotter" but 100% of "lotter" is a lotta betta!

It should be remembered that any award to Exlca,would be offset by them having to compensate GKP the% of $780m aready spent.30% would be $234m,so quite as bad as 1st appears.
ps.
Not that i believe any award will be at that level?

that's interesting - for once and thank you :-) - but of course it would all depend on the quantum of EXC's award in the first place ..... that said, having read most of the (pro-GKP) guff here during the trial, i'ld concur that EXC's backers are favourites for a pasting