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http://www.rigzone.com/news/article.asp?a_id=114250&hmpn=1

THIS STOCK QUALIFIES FOR YOUR ISA.


Photo's of Ber Bahir where black is thought to be oil?

http://db.tt/nrmRjZ5D

THE LARGEST PRODUCER IN KURDISTAN, 41000bopd,with 1.4BBO of which 356MBO are P1 &P2.
http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/completion-of-acquisition/201301231000021850W/
The operator with 40% interest (GKP 40&)in Ber Bahir.
From a recent RNS released by GKP ,

13th Dec 2011
Ber Bahr-1 Exploration Well

The first exploration well on the Ber Bahr block has drilled to a measured depth of 1,765 metres at the top of the Triassic with hydrocarbons indications observed in the well. Wireline logging is underway which will be followed by running of 9 5/8" casing. The well will then continue drilling to the estimated TD of 2,100 metres.

Also a note from the broker stated that was similar to early Shailhan wells,if so WOW?

Approx 335mtrs to go of which oil plays are part of,so news is close?

http://boards.fool.co.uk/vallares-gkp-12355098.aspx?sort=whole#12355179
http://www.investegate.co.uk/Article.aspx?id=201203080700149278Y
http://www.investegate.co.uk/Article.aspx?id=201203200700206495Z
http://www.investegate.co.uk/Article.aspx?id=201203210705107420Z
http://www.moneyam.com/action/news/showArticle?id=4422402
http://www.moneyam.com/action/news/showArticle?id=4430165
http://www.moneyam.com/action/news/showArticle?id=4431708
http://www.genelenergy.com/admin/resimler/detay_resim/Half_Year_Results_23082012_FINAL.pdf
http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/trading-and-operational-update/201301180700068414V/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/bina-bawi-update/201304041105015272B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/chia-surkh-discovery/201304100700069624B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/half-yearly-report/201307310700115294K/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/declaration-of-commerciality-for-miran/201309030700110610N/
http://www.moneyam.com/action/news/showArticle?id=4668698
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/update-re--tawke/201310140708553997Q/
http://www.moneyam.com/action/news/showArticle?id=4739145
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/krg-exercises-back-in-right-to-miran-psc/201402241100037720A/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/full-year-results/201403060700146386B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/agreement-for-development-of-miran-and-bina-bawi/201411130700268995W/
http://www.moneyam.com/action/news/showArticle?id=4962310
HTTp://news.sky.com/story/1419273/ex-bp-boss-hayward-lures-monaghan-to-genel
http://uk.advfn.com/news/UKREG/2015/article/67672862

Yes. The 'one trick pony' has now expanded considerably. Can't decide if the market is due to correct soon though, so just waiting & watching this one for the moment.

Nice to see some geographical diversification, although I very much like this share, the fields, and the management, Kurdistan is geographically and politically a high risk play. This is why I've taken short term profits and exited the stock. No doubt I'll be back though for another spread. Not something I'd buy equity in however just yet.

Good luck if your holding stock and no doubt rises will come as and when Baghdad soften their stance on the region.

Well worth the time listening,also presentation in the header.

http://www.genelenergy.com/index.php?sf=video&k=287

Bouncing off the 700p level.

By Peg Mackey

ARBIL, Iraq (Reuters) - Iraq and its Kurdish region both have too much at stake not to settle their dispute over oil, although they may take a year or so to do it, the head of the largest producer there said.

"The scale of the opportunity for Kurdistan and for Iraq is so large that there will be a resolution," Genel Chief Executive Tony Hayward, former boss of BP, said in an interview.

"Over the next year or two, Kurdistan production capacity will grow towards 1 million barrels a day - that's too much oil to be shut in as a consequence of a political dispute. So one way or another, it's going to get resolved."

Kurdistan's oil can be shipped to world markets through a Baghdad-controlled pipeline from Kirkuk to the Turkish port of Ceyhan.

The Kurdistan Regional Government (KRG) halted exports in April in a dispute over payments from Baghdad to companies working in the region. It restarted them, but warned it would cut shipments by mid-September if there were no progress on payments.

"We'd like to be exporting and believe strongly that over the next year or so, if not well before, that resolution will be arrived at," Hayward said in the telephone interview.

London-listed oil explorer Genel, the first to arrive in the mountainous region, has complained that it has not been paid for the majority of oil exported in 2009 and 2011. Other operators have voiced similar grievances.

But Hayward said if exports were to stop, production from the Taq Taq and Tawke oilfields - where it is involved - would be sold into the domestic market.

That local business - which fetches about $60 (37.6 pounds) a barrel, well below that on world markets - would be enough to keep both projects in the money. "Very much so," he said.

Taq Taq is now pumping 105,000 bpd. Tawke is running at 70,000 bpd, but should be up to 100,000 bpd by the end of the year.

Baghdad says it has the sole power to export oil. But Kurdistan has signed exploration oil deals with foreign companies, contracts Baghdad says are illegal.

Taq Taq and Tawke are the backbone of KRG exports, between them contributing roughly 80,000 barrels per day of an overall 120,000 bpd. Khurmala, the northernmost part of the giant Kirkuk oilfield, makes up the remainder.

A new pipeline linking Taq Taq to Khurmala - the entry point to the Iraq-Turkey pipeline - is expected to be up and running by October, easing delivery of the oil to world markets. Crude from the field is now transported by tanker trucks.

"If there's an agreement between Baghdad and Erbil to continue exports, then Taq Taq will be tied directly to the export infrastructure," said Hayward.

In the meantime, KRG energy minister Ashti Hawrami - aiming to reduce the region's energy reliance on Baghdad - is carrying out plans to export oil and gas directly to Turkey, just to the north.

GAS PROSPECTS

Apart from its oil plays, Anglo-Turkish Genel - its longer term sights on Turkey's gas market - is also building up its position in Kurdish gas. It splashed out $450 million last month on a stake in the Miran gas discovery and also acquired a piece of the Bina Bawi gas discovery.

"The Kurdistan Regional Government has made it very clear that they would like to see gas in Kurdistan exported to Turkey, so building a gas business in Kurdistan focused on both the domestic market in Kurdistan but also the Turkish export market makes a great deal of sense," said Hayward.

Genel spent more than $700 million last month to bolster its position in Kurdistan. Hayward said the company could take on more, but acknowledged that options were now limited.

"If we see opportunities where we can create a lot of value, then we'll continue to add," he said. "But there's been a lot of consolidation in the course of the last nine months and the opportunity set is undoubtedly diminishing."

The Genel chief has also been trying to diversify the firm's sources of oil, recently taking acreage in Morocco and Malta. It has earmarked around $1 billion to buy further assets.

"We've said we'll focus on the Middle East and Africa and that's what we're doing," said Hayward. Genel was formed last year when Hayward and financier Nathaniel Rothschild's bid vehicle bought Turkey's Genel Enerji.

In Kurdistan, Hayward expects to see further consolidation. Oil majors Chevron, Total and Gazprom have joined Exxon with their own deals in there, provoking warnings from Baghdad that those with oil deals with the federal government might be at risk.

"The supermajors have moved in - we haven't got much room for many more, frankly," he said.

"We'll see further consolidation and the emergence of half a dozen serious operators - of which Genel will be one."

(Editing by William Hardy)

Thanks for that cyril.

place cursor on gkp for video.

http://www.iii.co.uk/tv/episode/gulf-keystone-and-genel-kurdistan%E2%80%99s-big-winners

that was interesting indeed..... assuming a respectable start to the week, shall prob buy some of these

surprised Hayward has managed to generate quite a following after the costly and still unsettled mistakes made on his watch at BP.

good comment hali, but it is the company and not the man one would be buying ..... however, it is clearly pretty illiquid (200k daily average) so care required

I have a feeling that TH is very good at his job. His PR skills are poor which is why he now keeps a very low profile, but although Macondo was technically on his watch, it's just not possible to watch every single aspect of a drill, hence the art of delegation. I find it interesting that BP had enough faith in TH not to make him the sacrificial lamb but to shuffle him off to TNK-BP out in the wilds of Russia for a cooling down period. But they obviously thought that he was good enough to persue the Kurdistan angle, which could be huge for the major players. Presumably a scenario where his business skills outweighed his PR skills. Imo, he is sharp, aggressive and astute. I wouldn't want him as a friend, but I would (& will) invest in his company.

have looked at L2 and have decided to avoid as far far too illiquid for my liking

Chart fantastic.

http://dinarvets.com/forums/index.php?/topic/128605-breaking-news-progress-in-krg-baghdad-oil-talks/page__st__80?s=77a327e79d8b7aaed59ae807d30fb519#ixzz26W9hAViX

Good find cyril and Genel are a winner all the way with a possible 250k a day production in the next 12 months.

I'm holding.

"Gulf Keystone and Genel rise on Iraq deal"

Gulf Keystone Petroleum and Genel Energy shares rose after Iraq's central government resolved a dispute with semi-autonomous Kurdistan over oil revenues from the region, where both companies have assets. The agreement will lead to an increase in Kurdish oil production. Shares in GKP rose 6.2pc and Genel, run by ex-BP chief executive Tony Hayward, rose 3.7pc.

Questor tips them in the Telegraph today..

I believe they could be worth 1000p this year.
My banker.

Good close and chance of gains next week...classic chart.

Edit: moneyam had up30p at close.

Market remains unconvinced.