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.

n1ckb 5 Feb'15 - 07:18 - 399325 of 399330 3 0

"Our focus in 2015 is to align our spending with our earning," said Bijan Mossavar-Rahmani, DNO's Executive Chairman. "We are targeting operating efficiencies, cutting back on discretionary expenditures and high-grading our portfolio - a process we started late last year," he said. "We are also looking to generate larger revenues from our Kurdistan operations," he added.
The Company has restarted sales of oil into the Kurdistan local market and plans to ramp up such deliveries in the first quarter. The Company expects to realize additional payments in respect of past and ongoing exports, the timing and extent of which will drive the 2015 capital program. Mr. Mossavar-Rahmani repeated that DNO continues to have one foot on the accelerator and one on the brake.


From DNO todayhttp://www.investegate.co.uk/dno-asa/gnw/dno-asa---dno-asa-reports-2014-results/20150205070120H1955/

what is the link between DNO and GKP other than Kurdistan?
by the way, who are DNO? ..... i thought it was Dana Oil, but apparently not

Wheres your board thread gone cynic??

which one?

HTTP://www.iii.co.uk/tv/episode/will-gulf-keystone-be-taken-over

href="http://belfercenter.ksg.harvard.edu/experts/776/bijan_mossavarrahmani.html">http://belfercenter.ksg.harvard.edu/experts/776/bijan_mossavarrahmani.html

Link,would be the production and payment(or should i say non-payment) of revenues.

the indicies thread (can't spell this time in morning)

let me look

DNO is Dana Petroleum but it is owned by a Korean parent company called SINOPEC, so Dana itself doesn't trade on the LSE.

ah the dreaded Sinopec, also linked to Sinochem and of course effectively a Chinese gov't entity

Sorry, correction to that......Not SINOPEC but KNOC.

https://www.dno.no/about-dno/
DNO is a Norwegian exploration and production company focused on the Middle ... The company was founded in 1971 and is listed on the Oslo Stock Exchange.

link doesn't work but no matter
even so, what's the connection between DNO and GPK? .... little to none as far as i can determine

Try this :

http://www.dno.no/en/about-dno/campaign-stories/staying-ahead/

So DNO has nothing to do with Dana then cyril???? Ahem!!!!!!!!!!! ;o)

GKP,DNO,MOL -and GENL all have a stake in Kurdistan and are producing large amounts of oil for export.With ICG and the KRG at loggerheads over payments (sorted now) but the co.s still are waiting for their share by the KRG.
They are also selling to the local market giving them some revenue (not a lot),so the
any ref to payment gives some idea as to whats happening?

in other words, any link is very tenuous

http://www.bloomberg.com/news/articles/2015-02-05/kurd-oil-producers-resort-to-30-sales-as-export-income-stalled?

StockMarketWire.com
Gulf Keystone Petroleum has suspended trucked exports from the Kurdistan region of Iraq while talks over payments continue.

The company says that in the interim it will be recommencing crude oil supply for local Kurdistan use to maintain revenues and cash flow. It says this provides the prospect of receiving revenues in the near term.

Gulf Keystone says it remains in talks with the Kurdistan Regional Government's Ministry of Natural Resources over outstanding payments due to the company and establish a stable payment cycle for export crude oil sales in the future.

Export crude oil deliveries by truck have been temporarily suspended. This is expected to be a short term measure until a regular payment cycle can be established for sales via the export route.

The company is actively working towards an early pipeline access solution for Shaikan crude, which will provide significantly improved margins than trucking to the export market.

Chief executive John Gerstenlauer said: "Further to the oil export agreement between the Kurdistan Regional Government and Federal Government of Iraq reached in December 2014, and the recent passing of Iraq's 2015 federal budget, we remain confident that a stable payment cycle will be established in the near term, and we expect to receive payment for all past and ongoing oil sales from Shaikan.

"The company is taking a prudent approach to its capital expenditure in 2015 and is striving to ensure consistent and stable revenues in the short-term, which a return to the domestic market provides. Meanwhile, a number of longer term financing options are currently being progressed by the board."

As previously announced, the company will publish its results for the year ended 31 December on 9 April.

A follow on from the DNO news,worth noting they get 50% of the revenues.Looks like fund raising in some form is underway,a loan,bond,rights issue or sale of some asset such as AB(up for sale),maybe BB to Genal(partner/operator),only time will tell?
In the meantime the SP will take a hit for sure,just how big,a chance to get in at a lower SP,if your brave enough?
Edit.
GENL looks safer bet(maybe not the rewards) as they're well funded.

Well worth a listen.

http://www.investmentu.com/article/detail/43176/interview-john-hofmeister-shell-oil#.VNVLSubEDke