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.

how do you work it out? .. 0.007p

then I can tell you where you are wrong if so

mentor

22,942,956,605 X .0007 = £16060069

It was about that before Restructuring

The number of share before was less
and you have to add the open offer money and more some exchange of the bonds
Having less debt, means the company is in better shape


they raise up to US$25 million

mentor

Cheers I missed all that just a quick look in, I dont hold..

Still looks like the sp is a bit high.. IMO

My new price target is .0025

If it gets down to that I may have a few..

Got some a bit earlier this morning

Large volume since last Friday, as on that date the share price stop falling after 9am
Today after 8.30am the share start moving higher and so far the rise continues

DRIVER

re - 0.025

Get you head together, too much talk nonsense can do you damage
Placing at 0.8314p

Lol let's see where this goes.

TODAY'S GOING ON

Close......1.18
Open......1.19
High.......1.41
Low........1.17
Int Auc... 1.38


Auction....Bid..........Ask
1.38........zero.........zero . . . . . . Spread 1.38--------1.28
1.38........zero.........918,158 . . . 14,929,941 @ 1.38p on the Bid added 16.30pm
1.3..........zero.........16,848,099
1.33........zero.........15,848,099
1.33......752,200.....15,848,099
1.26.....1,670,200...15,848,099
1.28 . . . .Ditto
1.29 . . . .Ditto

LSE, 416,792,377
ATs, 183513,430
UT, 19,020,345
CP, 1.29p

1.32p +0.07p

After yesterday strong order book at the end of the day, this morning the share price is moving ahead with volume
-------------
my comment yesterday somewhere else - 24 Oct '16 - 16:20

GKP 1.25p =
after being weak till 20 minutes ago now is strong on the order book bid side with 57M at 1.24p, there was another of 40M at 1.22p

Depth 33
1.24p
57,972,596
15:54

Depth 30
1.22p
40,000,000

What a jolly nice increase !.......excellentee.....

If only! :o)

kimoldfield,
- it worries me when a Co thinks CONsolidation will fix their problems.
I read somewhere Dir had taken massive cash out of this . . . if true, there could be the issue.... the management of cash (to be kind), is rather loose... So,will this raising Cash + CONsolidation really effect a cure?

That's what LT investors really need to know....that their money in safe hands.
- (well I suppose it is!... in a private Vault somewhere! HO-HO-HO. . . )

I read this Co. is registered in Bermuda - Red-flag for me..FWIW....+ DYOR.

....Good Luck....

Cash- - see Post 5462,
Recent RNS suggests Consolidation was 100:1, but as others say, there was some other shuffling at the same time.... hope that's right. sp today ~135p.

hangon, it is in the lap of the oil gods as to whether or not this mixed up company survives, I would not like to bet either way! I sympathise with the shareholders who have lost out, including the consolidation as you so aptly put it. Consolidation is no better than theft really. There was more 'shuffling' to ensure the company had enough space to reach the consolidation stage. I had a few free shares so I bought enough to leave me with the mighty number of 10 shares, purely so that I can go to a meeting and cause havoc, though to be honest I probably would not be able to muster enough enthusiasm to attend! For the sake of many I hope the company does survive, though what value it will be I suspect will be minimal.

Supposed interest from Sinopec here apparently , talks going on , no official word .

By Dinesh Nair and Manuel Baigorri (Bloomberg) --
China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of beleaguered Kurdish oil producer Gulf Keystone Petroleum Ltd., people familiar with the matter said.

The state-owned oil giant, known as Sinopec, is working with advisers and has made an approach to Gulf Keystone, said the people, who asked not to be named because the deliberations are private. The company, which has a market value of about 293 million pounds ($371 million), may also attract other bidders, they said. No final decisions have been made and any talks may not lead to a deal, the people said.
A spokesman for Gulf Keystone declined to comment. A representative for Sinopec didn’t have an immediate comment.

Gulf Keystone receives Shaikan payment
StockMarketWire.com
Gulf Keystone has confirmed that a gross payment of $15.0m ($12.0m net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil export sales in August.

At 9:33am: (LON:GKP) Gulf Keystone Petroleum share price was +3p at 96.75p


Story provided by StockMarketWire.com

Well i've bought back in here after losing money as did many , only 2000 odd but want to make some of that loss back . Nadhim Zahawi has left to be in Education , ( heaven help us ) and a new sales agreement signed with the KRG , this may open up opportunities regards new drilling or increasing production , wish me luck .

RNS update operational , looking to increase output to 55,000 bopd eventually 100,000 , $ 157,000 ,000 in the bank .

RNS payment from KRG , that's approx $170 million in the bank now .