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.

topped up at 94.25 .... shows how useful L2 can be, as that was 1.25p below the published ...... i find one can do that sort of thing most times

Outstanding drilling results...and they are still going deeper....

Bought too early cynic going back now......

Very encouraging, what price now?

back to 80 something for the time being

hindsight's great isn't it! .... no matter, for my average price is still only 65 and i have high hopes for this outfit, though perhaps more so for AFR

so do I cynic--back up into the close I'll bet.

I'm amazed there's not much more excitement over this drilling update. Internal estimates of now 2-4 billion thus far!!! an outstanding find--quote. and they don't appear to be into the main target zone yet. I can see why you added--I wish I could find some spare cash! o/t cynic do you know where I can advertise a luxury apt in Cornwall for golfing breaks Autumn/winter?

golf mags, but maybe better to do with a company that arranges these things.
whereabouts - e.g. near what course(s)?

Thanks for the ideas. Near Trevose, Rosecarrow and Newquay- overlooking Fistral beach so very blowy!

local tourist office, british tourist board etc etc ..... do the reverse and trawl the net to see who that throws up

the market just doesn't seem to want to believe GKP's claims of 2-4billion boe , the sp having risen from around 10p in only a few weeks may need to take a breather. Perhaps some remember that GKP made extravagant claims about discoveries in Algeria a few years ago and is now trying to sell up there not having made much for shareholders.

And as soon as this drilling ends : they will spud another....could go way above a pound.....where is the top ? who knows....but if the next well is anything like this one...(lesser percentage for GKP the next one)...great results so far.

halifax... my thoughts exactly, perhaps the feeling of exageration on boe is creeping in to share price. in other words we'll wait and see what comes.

so many things to considered......drilling depth to be accomplished...quantity of oil to be confirmed....takeover target.....more drill sites to be started....company concentrating its efforts to kurdistan and the region....and the big one......every holders patients to see how things pan out.....if you topped up over 100p on the 30th.....what is your target/prediction for the s.p. and why......?

Only cynic topped up at that price...... lol..... ask him. sorrry cynic. :(( it was only a minute after you said youd bought that i made my comment... not really hindsite.

at least i didn't pay 100 but ONLY 94.25!

We are not at the bottom of the well yet and probably then they will announce the next drilling target is to be spudded....

Gulf Keystone Logs Additional Oil Pay, Cases Shaikan-1Gulf Keystone Petroleum Ltd.|Wednesday, September 30, 2009

http://www.rigzone.com/news/article.asp?a_id=80887


The Shaikan Block Gulf Keystone has set the intermediate 9-5/8" casing on its Shaikan-1 exploration well operated by Gulf Keystone Petroleum International (50% GKP, 50% ETAMIC). The well is located in the Shaikan Block, situated near the city of Dihok, in the Kurdistan region of northern Iraq.

Casing has been set at 2,275 meters and completes our drilling of the Jurassic portion of the exploration well. Prior to setting the casing, the open hole interval was logged and preliminary log results indicate the addition of approximately 80 additional net meters of oil pay from the Butmah formation to previously announced discoveries in the Sargelu, Alan and Mus formations.

With the drilling of the Butmah formation, the gross reservoir interval has increased from 335 meters to 575 meters and the net reservoir interval has increased from 93 meters to 172 meters.

This additional reservoir section exhibits low energy with oil gravities in the range of 18 degrees API and very little associated gas. As with other pay intervals encountered in this well, there is a well developed, natural fracture system throughout the carbonate pay intervals. The drilled formations have excellent overall permeability, often in excess of 5 darcies. At this initial stage, the well characteristics indicate that the application of standard production technology, such as electric submersible pumps, should result in commercial production rates and this will be evaluated as part of an extended well test following completion of the well.

These log results combined with knowledge gained from the previously announced interval has raised the estimation of the total barrels of oil in place by the Gulf Keystone internal technical team. Based upon the Company's own internal analysis, this data provides for a revised range of oil-in-place volumes for the Shaikan structure of between 2.0 and 4.0 billion barrels for the oil in place, encountered thus far.

Drilling into the top of the Triassic formations has begun and the Company anticipates reaching a final drilling depth of 3,200 to 3,500 meters, subject to well results.

Todd Kozel, Chairman and Chief Executive Officer of Gulf Keystone, commented, "The incremental volumes found in the Butmah formation give further encouragement that we have made an outstanding discovery which will prove transformational for Gulf Keystone."

Thanks grevis2...there has got to be a lot more coming from this stock (share price wise), apart from the on going drilling, finance will have to be raised for turning these discoveries into production so loads more corporate and exploration RNS's to appear soon.