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.

rekirkham: I get from another BB where it's been posted. However, the website is as follows:
US OTC: http://www.marketwatch.com/investing/stock/gukyf

This has also appeared on another BB today:

Kurdistan oil strike delivers barrels by the million
Tamsin Carlisle

Last Updated: August 25. 2009 3:50PM UAE / August 25. 2009 11:50AM GMT Gulf Keystone Petroleum may have found up to six times as much oil in Iraqi Kurdistan as it originally thought, making its oil strike the second multibillion barrel discovery in the region this year.

After encountering more oil while drilling its Shaikan-1 test well deeper, the British company said it revised its estimate of oil in place to between 1.5 billion and 3 billion barrels. That is up from the 300 million and 500 million barrel estimate it made earlier this month, and could translate to as much as 2 billion barrels of recoverable crude.



The Shaikan-1 is proving to be a value-transforming discovery for Gulf Keystone, said Todd Kozel, the executive chairman of the company. Even at this early stage, the commerciality of this discovery is substantially strengthened.

Heritage Oil, the Canadian oil explorer that is merging with Turkeys Genel Enerji, announced in May that it found a giant oilfield in Kurdistan containing up to 3 billion barrels of recoverable crude.



Kurdistan, a semiautonomous region in northeastern Iraq, is one of the few jurisdictions with substantial untapped oil reserves that encourages junior oil companies to come and explore.



tcarlisle@thenational.ae

Nice find grevis.

Nothing we didn't already know.
2517

Results day tomorrow for Heritage.....don't expect them to be good, but the discoveries are great, they need to get production going...

Grevis2 - Thanks for the information. I have added the website to my "favourites"

rekirkham: You're welcome!. GKP are currently showing as $1.34 in New York. My PC says that's 82.8p equivalent.

Pullback time here but it can't go down too far, Heritage results day can't have helped...still drilling...

checked RNS....as at 25th aug....they only have got another 800 metres to go before next casting...then another 700 to depth of 3200.........so in a positive perspective drilling will end soon....and the profit taking

watcher

GKP is currently trading up 9.09% in New York!

GKP is now trading up 11.57% in New York.

Great thanks I forgot the DOW was open today.

By my calculations that makes 84p ....

It closed in NY at $1.32, up 9.09%

About 81p, but oil is dropping the last time I looked...

78p this morning.

Pulling back now...ouch...this is one short EK looks he has got right but he does have the stock as well....the drop is in line with the rest of the market...

Estimated bottom out anyone? think I will buy some more at the right time.

Yes good idea : a good stock does not become a bad one just like that for no reason...there should be a very strong rebound soon.

Don't get so prickly RF, it was a simple question requiring a simple answer to pass the time of day.