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.

This could be the next Afren.

New RNS just started producing again.

18 March 2015

Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone" or "the Company")
Shaikan Operational Update

Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, today announces that it has resumed production and truck loading operations at both its production facilities (PF-1 and -2), in line with the pre-payment of US$ 26 million gross (US$20.8 million net to Gulf Keystone) received for future Shaikan crude oil sales on 25 February. Gulf Keystone will now ramp up production to levels consistent with the installed capacity of 40,000 barrels of oil per day. The Company anticipates that a further payment of a similar nature will be received, which is expected to stabilise a payment cycle for current and future Shaikan production.
Shaikan-10, the Company's first development well and ninth producer, has demonstrated excellent productivity from the limited flow data gained to date. Drilled from the same surface location as Shaikan-10, but 2km away subsurface, Shaikan-11, an additional production well has now been completed. Shaikan-11, which will provide PF-2 with additional production capacity, was drilled nine days ahead of time and under budget. The losses observed during drilling point to Shaikan-11 being a potentially prolific producer. Furthermore, Shaikan-8 is now fully connected and able to produce into PF-1.

Commenting on today's news, John Gerstenlauer, Chief Executive Officer of Gulf Keystone, said:

"We are pleased to have resumed production and truck loading operations at Shaikan. Over recent weeks we have maintained a flexible and prudent approach, ensuring that we can maximise revenues from Shaikan. We remain confident of a regular payment cycle for Shaikan crude being established in the near term.

"From an operational perspective, Shaikan is performing well and we are encouraged by the initial results from Shaikan-10 and the recently completed Shaikan-11 well."

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bought some just now 40.25p offer 40.31p premium paid for t+20
not my way as at the time order book was very weak with DEPTH of 36 v 93
but bit price 40p was very strong with a MM just added

is bouncing back already spread 40.75 - 41p

Someone explain to me how they get away with this .

THEY MANIPULATE THE ORDER BOOK
usually is work done by shorters

there is at the moment about 25 trades at prices of 60p to 250p and some of them pretty large of 100K at the offer side (sellers )
no chance of getting traded for a long time

at bid side the lowest price is 30p and 1 of 4K at 18p

Down we go again.....

This maybe a dumb thing to say but this share should have been suspended the moment they announced their intentions , it's just being used.

order book still very weak
but maybe the chart will be better ......... double bottom or triple bottom at 35p

Intraday chart

if it breaks 37p there is a good chance of further pull back
but at the moment everything is against that

The trouble with these MMs is that you never get an explanation for their actions , you never see a face . Is this the last Bastion that needs sorting out in this ever open society we are now supposed to be in.

i'm afraid this has always been a bugger of a stock and i, along with a great many others, got suckered in a long time ago
a bit like those who got caught in the AFR maelstrom, holders probably need to do just that .... at least the prognosis is not as dire as it very plainly was for AFR

No one knows why this stock is down ,all are trying to come up with their version of why . This can't be right , this or any other stock.

there is signs of oil price recovering again this afternoon after losing yesterday's gains this morning

i thoroughly agree that (a) oil is surely very near the bottom of the trough and (b) will recover, though gently

from direct experience on the ground, Saudi is assuredly cutting back on production, but in quite a subtle way

world economies, eastern especially, are still very much in the doldrums, so i don't expect much sustained movement north for another few months ...... but back to say a consistent $70+ by year end

bottomed out

Got in here today. It certainly seems bombed out, as share prices go...

UPDATE 1-Norway's DNO expects Kurdish oil export payment soon
Thu Mar 19, 2015 2:26pm GMT

OSLO, March 19 (Reuters) - Norwegian oil firm DNO expects export payments from the Kurdish Regional Government (KRG) soon, saying a deal with Iraq's national government could strengthen local authorities' ability to pay.

"We expect a large reconciliation from the KRG soon - if it will be paid in one or several parts, we will have to wait and see," Chief Financial Officer Haakon Sandborg told Reuters on the sidelines of an energy conference on Thursday.

DNO exports oil from Iraq via pipelines and trucks and receives payment for its sales through the KRG. Payments are irregular, however, and the firm warned last month that the timing of payments for past and current exports was uncertain.

full article..

http://af.reuters.com/article/energyOilNews/idAFL6N0WL3JR20150319