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.

a 5-year chart merely for interest

cyril - i would guess not until after the american markets open

gkp has won the court case :-0
gla

Market makers said the stock was indicated to re-open 20 percent higher or more at 225-250 pence. "We were expecting a positive result anyway but we would expect the stock to recover quite strongly on this ruling," said James Midgley, oil analyst at Mirabaud Securities.

Opening at 140, DFT sell showing at 139.65 v's buy 214.36..

Thats me sold out, will look to buy back at lower levels, no doubt there will be some profit taking.

i shall stay put, but certainly there's an awful lot more on offer than bid, albeit at higher prices

First potential support broken!

buy at 210? .... currently about 214

Think I'll leave this and see where support settles, I'm currently thinking 200..

given that EXC have been blown out of the water in no uncertain terms, i would have thought that EXC will also be liable for all of GKP's costs + interest ...... unfortunately, i suspect there there is no punitive amount to be added

shortie...ya full of shite mate

210/211 looks to be the current bottom, though offers remain about 4.25 x bid

good grief - it's cardboard box man!
actually shortie is pretty good on his calls, though his MO is too scary for me

Trouble with the chart,trading at 216p at present.

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http://www.judiciary.gov.uk/Resources/JCO/Documents/Judgments/summary-excalibur-llc.pdf

From The Times

Judge dismisses claim for Gulf Keystone oilfield

The Shaikan oilfield discovery in 2007 turned out to be one of the biggest made anywhere in the world for years
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Gulf Keystone’s project in Kurdistan
The Shaikan oilfield discovery in 2007 turned out to be one of the biggest made anywhere in the world for years
Tim Webb
Last updated at 12:11PM, September 10 2013
A High Court judge has thrown out a $1.6 billion (£1 billion) claim made against Gulf Keystone by a former US special forces captain.
In a packed courtroom, Judge Christopher Clarke said that Excalibur Ventures, the complainant’s company, had no valid claim.
Shares in the AIM-listed Kurdistan focused explorer, which have been suspended pending the outcome of the case, gained almost 20 per cent within five minutes of the suspension being lifted.
The three-year case has cast a shadow over one of AIM’s biggest companies, which some analysts believe could become a takeover target now that the uncertainty has gone.
Rex Wempen was seeking a 30 per cent stake in Gulf Keystone’s giant oil fields in Kurdistan, the semi-autonomous region of Iraq.
Excalibur, a two-man company, said that it helped Gulf Keystone get its hands on the Shaikan field in 2007, which turned out to be one of the biggest discoveries made anywhere in the world for years.
The prize asset is estimated to hold at least 12 billion barrels of oil, with production of 250,000 barrels per day due to come on stream by 2018.
Judge Clarke said that Excalibur “did not have the necessary financial resources and technical ability” to get a share in the Shaikan field when it went up for grabs.
Todd Kozel, chief executive of Gulf Keystone, said: “We are very pleased to have achieved the best possible outcome from the point of view of the Company and our shareholders. We look forward to pursuing the Company’s stated objectives for the future, now that we have the Court’s decision regarding these historical events.
“We understand that the legal process must take its course once a claim has been lodged, but it has been unfortunate that the Company and its shareholders have experienced significant uncertainty and concern over the last two and a half years and that its executives have been engaged in a protracted and costly dispute to protect the position of the Company and its shareholders.”
Gulf Keystone shares resumed trading at midday and rose 19.7 per cent or 37p to 224.7p.

Maestro - Why don't you ever have anything but abuse to contribute..?? If you disagree then fine, if you have something to add then please do..

he does ... like me, he adds periodic abuse :-)