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.

Its a sell.

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Don't think so mitzy, you scare mungerer you ;) buy buy buy, got some at 106p

Already in the money at 116p.,.

Great opportunity to pick up more....even if you have to sell at a small loss others.....blessing in disguise this drop perhaps...?...

You can be sure that EK will buy a lot more...

And so far so good...recovering well....this should be hovering above £3 pounds...and now just over a pound.....madness....anyway, pleased that I hoovered up a few this morning...

When this goes back above 200p....this will look like the bargain of a century !...

agree with that rf.,.

When being the word though...

Let's not forget that Shaikan has in excess of 10 billion barrels confirmed...plus more exploration upside with other targets....that is staggering....

140p by end of day... bring it on.,.

Market overreaction.....there is a saying that the market is always right...it isn't...if it was we wouldn't be here..

i had and still have far too many so didn't try to catch the knife
now a bit of calm has returned, i wonder if the RNS was intentionally on the conservative side
TK has an well-earned reputation for being a flamboyant cowboy, which he needs to lose and quickly ..... thus with GKP now heading for the main market, it would sit very poorly indeed if the next set of numbers disappointed

The main market should bring some funds in....if I'm not mistaken : they or some are obliged to pick up an average across the board....so some big boys should buy this stock soon..

Gulf Keystone CPR estimates 12.5bn barrels
StockMarketWire.com
Gulf Keystone Petroleum's reserves for the the Shaikan field and its other petroleum interests in the Kurdistan region of Iraq have been conservatively estimated at 12.5 billion barrels of gross oil in place.

The competent person's report - which was carried out by ERC Equipoise - also identifies 1.2 billion barrels of oil of combined gross 2P and 2C recoverable reserves and resources across the company's portfolio.

This is the first third-party evaluation of the company's reserves, contingent resources and prospective resources.

Added a June Future @ 126, holding March Futures which are set to roll over.

Worth C&Ping

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13 Mar 2014 - 10:22

BUDAPEST, March 13 (Reuters) – Hungarian oil group MOL said on Thursday that it had started producing crude from the Bijell field in the Akri-Bijeel block that it operates in Iraq's Kurdish region.

MOL also said in a statement that its partner Gulf Keystone's last estimates for the Akri-Bijeel block's reserve potential were "very conservative." MOL holds a 20 percent interest in the Shaikan block – operated by Gulf Keystone – and 80 percent in Akri-Bijeel, where the Bijell field is located.

*********"Reserve potential estimates relating to Akri-Bijeel block in the ’Third-Party Audit’ material published today by Gulf Keystone Petroleum Ltd.... does not calculate with the latest positive results and is significantly lower than the current best estimate of the Operator," MOL said in a statement. ******

MOL did not give an estimate for the reserve potential.

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Akri Bijeel - continued interest. Massive differences just in interpretation of seismic and where water level is between conservative CPR and GKP/MOL estimates.

Answering Peter Hitchens @ HSBC