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.

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

Gulf Keystone’s Shaikan flow is back as Akri-Bijeel is axed

20 March 2015 00:00 GMT
London-listed Gulf Keystone Petroleum has resumed exports via Turkey from its flagship Shaikan field in Iraqi Kurdistan, but wrote off its 20% stake in the Akri-Bijeel block in the absence of buyers, writes Nassir Shirkhani.
The company said it restarted production and truck loading operations at the two Shaikan production facilities after receiving a net payment of about $21 million for future Shaikan crude sales.

“Gulf Keystone will now ramp up production to levels consistent with the installed capacity of 40,000 barrels per day of oil.

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,” it said. “We are pleased to have resumed production and truck loading operations at Shaikan. We remain confident of a regular payment cycle for Shaikan crude being established in the near term,’’ chief executive John Gerstenlauer said.

Gulf Keystone said last week it was seeking a rights issue to strengthen its financial position and its hand in negotiations with potential bidders for its assets in the autonomous region.

It said the company ‘’has recently engaged in discussions with a number of parties in relation to possible asset transactions or a sale of the company.

Gulf Keystone said its liquidity position had been enhanced by the pre-payment for the Shaikan sales.

Edit - from Upstream

It hasn't written off it's Akri-Bijeel block and it hasn't stated that it's seeking a rights issue . This has been picked up on other BBs.This is a very poor article .

a COMPLETE change on the order book
the bid side is much stronger with depth 69 v 61
and considering ther is still about 20 trades of 60p and over on the offer side, that makes it much stronger for a further rise now 36,25 v 36.75p

Does anyone know how much it costs in percentage terms for a hedge fund to short an AIM stock? I'm interested in an AIM stock that has currently 1.6% on loan and that amount would move the stock quite dramatically if/when bought back. Cheers.

GKP are not on Aim .

I was asking as I saw discussion about possible shorting here yesterday I think it was. I abhor short selling by the way. How on earth it is allowed is beyond me. A movement of wealth between pension funds/private investors to spiv hedge fund managers to keep them in the finest silk and yachts.

I think 4% has been mentioned but I've seen 12% mentioned.

I got so enraged yesterday because we the shareholders do not know what is going on. This World of shares and the like is misted in underhand dealings , yet we are supposed to accept it. They seem, that is people like TDW are trying to push us into Traders . The more I think about it I don't think they mind this volatilty, people sell on panic then they buy when the price is pushed down. All creates turnover in the end , It will only accelerate and get worse as the FCA do nowt. NOT a great written piece by me but .