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.

hxxp://www.therem.org/gulf-keystone-petroleum-takeover/126189/

Gulf Keystone Petroleum Takeover?
Sarah Fontaine Aug 19th, 2013 0 Comment
Gulf Keystone Petroleum PLC (LSE: GKP) are sitting on the largest onshore oil discovery in a decade. Their Shaikan series of fields are set to go into production of 40,000 barrels per day by the year end and are sitting on massive reserves. The political situation in reality looks to be improving rapidly as the Turkey to Kurdistan pipeline construction is thought to be well under way.

GKP would seem to have had the slide rule run over them by Majors that are likely to include Chevron, Exxon and Sinopec. The Majors are hungry for reserves and a cash offer for GKP at up to £6 per share is according to major shareholders very likely to emerge as soon as the court decision is announced in a case brought against GKP by Excalibur. A positive result in this case, where the decision is expected in the next 21 days, is considered to put the company into a Dutch Auction.

Sinopec of China failed to takeover Genel’s assets despite out bidding the Tony Hayward consortium and it emerged in the GKP-Excalibur court case that a high level team from GKP had visited China with its advisors. It is thought that Kurdistan Regional Government would approve an acquisition by Sinopec as it would add balance to the already existing presence of Chevron and Exxon in the Northern Province.

We conservatively expect the shares to double in price to over £3.60 in the next couple of weeks in the run up to the court decision. A positive decision would likely send the shares well northwards of this level. We rate the stock a strong buy and unique opportunity.

she wishes! ...... personally, i would be surprised to see any sustained let alone sustainable rise until after the case result, though there could certainly be a good trading opportunity on the run up as the chancers get on board

indeed, at time of writing, L2 book shows twice as many (potential) sellers as buyers

flipped a coin this morning - heads - topped up more gkp
even if the court case goes against gkp to the worst possible scenario still tons of value here and multiple majors running the rule over gkp
£3 minimum by end of September imo

http://www.independent.co.uk/news/world/middle-east/flood-of-syrian-kurds-flows-over-border-into-iraq-as-battle-rages-for-control-of-oil-wells-8776929.html

blue again so far today!!

so are nearly all other stocks

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We conservatively expect the shares to double in price to over £3.60 in the next couple of weeks in the run up to the court decision. A positive decision would likely send the shares well northwards of this level. We rate the stock a strong buy and unique opportunity.

Sums it up for me.Have to disagree with your comments Cynic. CC , for me, is absolutely key. Once the uncertainty over "title" is finally put to bed (despite all PI's thinking this is done and duster as per Court case visits and reviewing the evidence) the market still doesn't see it this way. They need it in black and white, with no ambiguity.

Once CC out of way, and rerating the flow of positive news will also have a far greater impact- like the delayed PF1 news(allegedly it's producing circa 8000bopd now) and as we close in on Sept, both Ftse listing and PF2 loom large. And that's all before Well news..

Only time will tell in this regard that's for sure.

CC , for me, is absolutely key .... i was merely commenting on the asinine comment that the shares would double in the run up to the court decision

From PCI Presentation.

Page 21 mentions a planned 500k heavy oil pipeline.

http://www.proactiveinvestors.co.uk/genera//files/companies/130822_proactive_investors_corporate_presentation.pdf

Ah misread your comments Cynic.

Yes the PCi presentation was quite interesting with respect to the Kurdistan comments. Were you at the proactive Hydrocarbons event "Niceonecyril"

No,not possible,tend to rely on info and views(of some) shared on these BBs.

http://www.moneyam.com/action/news/showArticle?id=4657388

http://www.youtube.com/watch?v=wvY1DEXpiCU

Thanks cyril, it's a nice thought that GKP could be worth £8 a share a little down the line.

Only £8 /sh.

There will be alot of disappointed people if that is "ALL" we get. Myself included.

http://www.investegate.co.uk/gulf-keystone-petrol--gkp-/rns/appointment-of-non-executive-directors/201309030700140621N/

Some large buys this am,51k,98k,182k and 200k's.

Some large buys this am,51k,98k,182k and 200k's.

Judge Clarkes is back in court,maybe,just maybe?

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Cause list Wednesday, 4 September 2013
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Commercial Court List

ROLLS BUILDING
COURT 24
Before MR JUSTICE EDER
Tuesday 03 September 2013
At 10:00
PRE TRIAL REVIEW
2011-1066 Equitas Limited v Additional Underwriting Agencies (No. 9) Limited

ROLLS BUILDING
COURT 29
Before HIS HONOUR JUDGE MACKIE QC
Tuesday 03 September 2013
At 10:00
APPLICATION
2013-441 India Coke and Power Private Limited v Sanjay Babubhai Shah
Not before 11:00
2012-483 De La Rue International Limited v Interprods Limited