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.

some enlightenment for you all ....

Gulf Keystone started at Fox-Davies with buy rating 175p target price
In August, Gulf Keystone announced that its first exploration well in Iraq, Shaikan-1, was a major oil discovery. The final drilling results are still awaited and should be communicated to the market by mid-October, says Fox-Davies.
Analyst Lionel Therond comments, 'We believe that, despite the recent share price increase, these results as well as the forthcoming exploration and appraisal programme of the next 12-16 months can still surprise the market positively.'

See that report yesterday, very bullish and only idiots would stay on the sidelines.

But take a look at their other blocks on the same trend, they could have 15-20b barrels waiting. They will get taken out, that's for sure.

if you aren't feeling too shell-shocked and are looking to find a home for some funds, then GPK look a good bet at <80p currently

Fox Davies the broker has put a tag of 175p on this, that's miles up....very nice indeed....on a bad day in the markets we have ended up a little bit....wish there were more UK companies like this out there, Sterling Energy is a big risk because in the event of a crude no-show there, there is nothing much to stop the sp from plunging unlike GKP who still have the assets in Algeria and have been awarded several other blocks, the problem with Iraq is that there is plenty of oil but you could be unlucky with just nothing on your patch, this also applies to Petrel Resources who might get a license out there but is there anything down there ?...only the drillbit can say....

Must not forget Heritage oil...wish they would start drilling again....

interesting artical about chinese oilies buying assests round the world......in the times today....GKP with their discovery have got to be pinging some radars....and of course the drill phase deepth will be looming....add to that other blocks to drill....so positive month ahead......

following post 637, i made a half-hearted attempt to buy a few more but could not do so ..... nevertheless, am delighted to have made a good call for others

You did CYNIC,and i fianally got in.
Have a look at eneg.PLS.

will do .... and delighted to see you must be very well "in the money" already

I am,but nervous holding,so i shall be watching out for your posts on this one!.

also interested in eneg... been looking for last few days but hesitating as afraid of it being a flash in the pan....BB

Balerboy,
other than the fact that the share has been diluted,take that into account,nothing more has changed,the company is now secure and they HAVE high grade oil,havins said that the sp has doubled in three days.
I was luck to get in early,bound to be a retrace,but the trend over the next few months will probably be up.
Good luck whatever you decide,lets see whats CYNICS take is on this.

nervous about AFR? ..... probably unnecessary, though inevitably it will not be northbound uninterrupted ..... never be afraid to bank at least some profit

No CYNIC, GKP @76p

But not a huge amount of oil and if pressure drops off again will need cash to get it out plus they stopped the well last winter now they've opened it before this winter coming....... puzzled.

sorry ..... brain is old and very confused! ..... GPK is rather more risky than AFR, though this bunch have also clearly found a damn good field ..... last part of previous post def applies, though for myself i think i am very happy (dementia is so cruel!) to be holding as much here as i do in AFR - at today's values

solid buying this morning......but still not holding/breaking 90p.......

My ave, .65p so happy to hold.

They probably know by now whether there is more oil at the last horizon by now....all in all great result ....some more would be icing on the cake.