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&D I suspect niceone...
No way Asher would be that unprofessional and that's despite my reservations about the method he,and his motley have been parachuted in.

Wouldn't surprise me if there was an element of truth about it however.

1) GKP isn't going to develop Shaikan. Of that I am sure.
2) Everyone has been awaiting clean title from a positive CC judgement for eons.

I've a sneaky feeling Genel will go to the Brits, the Chinese and Americans will fight it out over the main prize. China will pay more, US will get it because of their "military" power and "behind the scenes" support.

For anyone dealing with Selftrade.


Selftrade BED and ISA process:

Sell £11520 worth of shares in dealing account. Go to the payment window and there is a checkbox for "transfer to ISA". Tick that and put "11520" in the amount box. Now go to your ISA and using the £11520 buy the shares back in that account.

I don't understand what you are trying to say. They amount to two different transactions, with two sets of charges and probably two different bid/offer prices. Why sell your 'dealing' stock only to immediately buy the same thing in an ISA?

Harry i sold some this am at (hopefully)a high SP,with the untentions of buying in later at a lower SP to cover costs?

The post above came from another board,so i assumed it has have merit,perhaps a call to S/trade would clarify?

I use Selftrade. What was written is correct. Your strategy assumes you can buy at a lower price than you sold. The 'bed & breakfast' rule is only applicable where there is a possible tax liabilty. Buying stock in an ISA is a completely different transaction and has no relevance to trading outside that ISA. Good luck with your 'sell high, buy lower' strategy. I have a feeling you may get lucky this time!

C&Ped


Just spoke to Anastasia...

PF-1 has been testing at rates of up to 3k bopd. Contracts are in place gauranteeing sales but GKP are awaiting KRG approval of those contracts which is expected very shortly. The inference I got was Ramadan is happening at the moment and when it finishes we can expect something to happen...so later this week or next, IMO. Ramadan finishes on Wed 7th.

Westhouse says SELL...

08 Aug 2013
Gulf Keystone... GKP
Westhouse Securities
Sell
Target 155.00
Initiates/Starts

I wouldn't take any notice of those muppets.

Westhouse Research downgraded its "neutral" stance to "sell" on oil exploration group Gulf Keystone Petroleum (GKP). The broker says that the possibility of a takeover remains the main driver of value for the shares but does not see such a transaction in the near term. Moreover, In Westhouse's view, the political uncertainty in Iraq could impact operations going forward and the current share price does not provide any upside to compensate for the risk associated with it. The shares inched up by 1.25p to 170.25p.

Hoping for news of 1st production in the coming week,to build on a reasonable week
after the isa admission?

Yep hoping for news as well.Wondering why it's been delayed.
We close in on the Court case judgement as well...sooner that's over the better.

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Gulf Keystone Petroleum

The most bought stock through The Share Centre was Gulf Keystone Petroleum, an oil exploration and production company that concentrates on Iraqi Kurdistan. The company claims it has 19 billion barrels of oil in the region.

It has been winding down operations in Algeria since 2009 and is currently concluding its exit from that country.

GKP has recently been embroiled in a dispute with Tom Dobell’s team on the M&G Recovery fund, which is a major shareholder in the company.

M&G has criticised corporate governance at the company and sought to fight the re-election of certain directors, proposing “independent” alternatives instead. This approach was objected to by the chairman of GKP’s nominations committee, Field Marshal Lord Guthrie, former chief of the defence staff.

The dispute has its roots in an on-going power struggle for control of the Bermuda-based firm.

Broken through the 200dma,looking bullish,a lot of positivity around at present.1st production confirmation would help this momentum, 1 month away from CC judgement.

Creeping up,183p being quoted.

http://washpost.bloomberg.com/Story?docId=1376-MR7GMC6S972P01-74L2KDADPAKD4AK6FC3KHGR96G

Brian SwintAug 14, 2013 8:15 pm ET

Aug. 15 (Bloomberg) -- Todd Kozel’s adventure in Kurdistan may soon pay off.

The American chief executive officer of Gulf Keystone Petroleum Ltd. has dealt with angry shareholders, an ex-business partner’s lawsuit and byzantine politics for six years pursuing billions of barrels of crude in the northern Iraqi region. Now, his $2.5 billion exploration venture is a being called a takeover target as the world’s biggest oil companies look for untapped fields.

Kurdistan is on the verge of an oil boom. The semi- autonomous region of 5.2 million people is completing a pipeline for direct crude exports to Turkey by the end of the year, bypassing central government authorities in Baghdad. The region’s reserves are as much as 45 billion barrels, the local administration estimates, enough to meet U.S. demand for almost seven years.

“Exports are what we’ve been waiting for since 2007, so the pipeline is very big and instrumental for a company like Gulf Keystone,” Kozel, 46, said in a telephone interview. “We are a public company, and consolidation is the next phase in Kurdistan. But that’s not in our plans now.”
Offers could come soon because the new pipeline may boost the value of the Hamilton, Bermuda-based company by 40 percent, according to HSBC Holdings Plc. Moreover, a ruling is expected within weeks in a London lawsuit brought by a former associate claiming 30 percent of the company’s main asset, Kozel said.

Gulf Keystone’s legal dispute has held back its performance against peers this year. The shares have gained 1.6 percent, compared with advances of more than 25 percent for Genel Energy Plc, WesternZagros Resources Ltd. and DNO International ASA.

Giant Field
“Gulf Keystone screens quite well as a takeover target once the risk around the court case is removed,” said James Gardiner, an analyst at Peel Hunt in London who gives the stock a buy rating. “They’re sitting on a giant oil field that wouldn’t look out of place in a major’s portfolio.”
Pittsburgh-born Kozel formed his first oil company in 1988 when he was 21 years old. He co-founded Gulf Keystone in 2001 with help from private equity funds from the Middle East. Gulf Keystone started with licenses in North Africa, though it’s now focused on four blocks in Kurdistan and plans to exit its remaining field in Algeria.

Kozel said the company, which has spent $780 million in Kurdistan so far, will be able to fund the development of its fields with cash flow generated once production starts at an initial rate of 40,000 barrels a day this year.

“The Kurdistan Regional Government is very happy with our plans,” Kozel said. “We can develop Shaikan and our other fields better and possibly faster than others might.”

Shaikan Discovery
Exxon Mobil Corp., Chevron Corp. or an Asian national oil company are candidates to snap up the company, said Dougie Youngson, an analyst at VSA Capital Ltd. in London. Gulf Keystone’s main asset, the Shaikan discovery, one of Kurdistan’s biggest ever, will produce 250,000 barrels a day by 2018, according to the company. That would increase Iraq’s total production by about 8 percent.

Other explorers in Kurdistan such as Afren Plc, DNO, Petroceltic International Plc and WesternZagros may also become takeover targets, according to HSBC.
“There will be a wave of consolidation,” said Peter Hitchens, an analyst at HSBC in London. “All of the small players are potentially targets.”

Afren and Petroceltic declined to comment on takeover speculation. Officials at DNO and WesternZagros weren’t available for comment.

Direct exports should strengthen Kurdistan in a dispute over revenue-sharing in which it has struggled to get royalties owed from exports sent through pipelines controlled by the central government in Baghdad.

Special Forces
Kozel must overcome his legal difficulties before a deal is on the cards. Rex Wempen, who served in the U.S. Special Forces in the 1990s, claimed in a trial that began in October that his work led to the Shaikan find.

Last month, Kozel quelled a challenge from investors who said the company wasn’t moving fast enough to upgrade its London listing to the main market and attract more institutional investors. The board appointed four independent directors recommended by the M&G Recovery Fund, a disgruntled shareholder.

Gulf Keystone last year said it would issue 10 million new shares to give to executives if the company or its assets are bought, forcing it to say days later it wasn’t planning a sale after shares rose.

For now, Gulf Keystone says it’s focused on developing Shaikan. Achieving its targets may prove too expensive, said Peel Hunt’s Gardiner.

“Bringing a discovery of this size to meaningful levels of production will require hundreds of millions of dollars of investment,” Gardiner said. “There are a number of options available, but uncertainty remains over access to this level of capital for a company of this size.”
--With assistance from Kit Chellel and Matthew Campbell in London. Editors: Will Kennedy, Todd Whit

http://online.wsj.com/article/SB10001424127887324139404579013090660526008.html

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a welcome patch of blue among the storm clouds

http://utahpeoplespost.com/2013/08/goldman-sachs-group-inc-downgrades-gulf-keystone-to-neutral-gkp/


Gulf Keystone (LON:GKP) was downgraded by equities researchers at Goldman Sachs Group Inc. to a “neutral” rating in a research report issued on Friday, Analyst Ratings Network.com reports. They currently have a GBX 265 ($4.11) target price on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 39.88% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities initiated coverage on shares of Gulf Keystone in a research note to investors on Thursday, August 8th. They set a “sell” rating and a GBX 155 ($2.40) price target on the stock. Separately, analysts at Fox-Davies Capital reiterated a “buy” rating on shares of Gulf Keystone in a research note to investors on Friday, June 21st. They now have a GBX 350 ($5.43) price target on the stock. Finally, analysts at WH Ireland reiterated a “buy” rating on shares of Gulf Keystone in a research note to investors on Thursday, June 20th. They now have a GBX 315 ($4.89) price target on the stock.

One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 238.75 ($3.70).

Gulf Keystone (LON:GKP) opened at 185.50 on Friday. Gulf Keystone has a 52 week low of GBX 126.31 and a 52 week high of GBX 260.78. The stock has a 50-day moving average of GBX 223.0 and a 200-day moving average of GBX 211.2.

Gulf Keystone Petroleum Limited (LON:GKP) is a holding compa