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.

Not a lot happing at the mo, i was expecting GKP to say somthing by now, may be it is just a rumor.

Drilling update announced

Gulf Keystone (AIM - GKP.L), an independent oil and gas exploration company operating in the Republic of Algeria, today announces a non-commercial well test on its GKS-3 appraisal well on Block 126A in Algeria. The well was drilled to 3,981 metres and tested but failed to produce hydrocarbons from the fractured limestone reservoir section.

Because of the complexity of the fractured carbonate reservoir, the company and its advisors had always assumed 50% drilling success rates. Consequently, these well results fit with previous economic and risk modelling and expectations, and the company does not perceive any negative economic impact on the reserves of the GKS field. Indeed, Gulf Keystone is optimistic about the GKS field which recently tested the discovery well GKS-2 at 4,586 barrels of oil per day and 4.61 million cubic feet of gas per day.

The company will now move the rig and equipment to the GRJ field located in the southeast of Block 126A to await the completion of the drilling of the GRJ-2 well and to test both the GRJ-1 and GRJ-2 wells.

Todd Kozel, CEO of Gulf Keystone Petroleum, said: "While this GKS-3 result is disappointing, we have begun the process of applying for a production licence for the GKS field following the successful testing of the GKS-2 well. The company will now be focusing on both moving the GKS structure into commercial production and drilling the GRJ-2 well and testing the GRJ-1 well."

Thanks Greyhound.

I don't actually think this is overly bad news and expect the price to come back a bit now.

It's the usual over reaction, i remain confident & think we will start to rise now.

The people that bought in at 70p this morning are already up 4.50p, well done to them.

I have spoken to the LSE and today's trading activities this morning are being investigated.

I've had better days.

Goal - decided to get out of this for time being and switch to CHP. Good luck!

Greyhound, good luck with CHP. Regards goal.

Hi Goal. Just briefly, have a look at CHP. I think a lot more high risk that GKP (and I still like GKP a lot), but placing gone at 6p and might be a good quick runner???

Looking at the chart above we are trending up again, a good time for those who sold to get back in IMO.

Looking at the chart above we are trending up again, a good time for those who sold to get back in IMO.

Hi Goal - always watching!! I'm heavily into Aminex AEX at the moment. Up 200% since August but the real action is about to start. Up 15% in last week and 2006 could see a blistering price appreciation. Check it out. I still like the opportunities with GKP, but AEX is in a different category I believe. Look on fool.co.uk and have a view of the bulletin board there - very informative. Good luck!

Gulf Keystone says Algeria ops 'developing well'; 2006 outlook optimistic
AFX


LONDON (AFX) - Gulf Keystone Petroleum Ltd said operations in Algeria are developing well and the company can look forward to 2006 with renewed optimism in an operational update.

The independent oil exploration company operating in the Republic of Algeria said it has completed drilling, coring and logging operations at the GRJ-2 well on Block 126A in the north east of the country and a technical evaluation has indicated that there are three separate potential reservoir intervals which may have the potential to contain hydrocarbons.

It added it has engaged Tristone Capital Ltd, an advisory firm specialising in the oil and gas industry, to advise it on the possibility of bringing in a potential partner into a number of the company's Algerian assets with a view to accelerating the commercialisation of its current portfolio and also to investigate the possibility of widening its portfolio in the region.

newsdesk@afxnews.com

Gulf Keystone Petroleum Ld
06 January 2006


06 January 2006


GULF KEYSTONE PETROLEUM LIMITED
('Gulf Keystone' or 'the Company')

Granting of Options


Gulf Keystone today announces that on 05 January 2006 it granted an option over
2,100,000 Common Shares ('the Shares') in the Company to Mr Bill Guest. Mr
Guest was appointed President of the Company on 11 November 2005.

The exercise price of the option is 66p per Common Share, which was the closing
price of the existing Common Shares on 05 January 2006. Consideration of 1 was
paid by Mr Guest for the option. Exercise of the option is in two equal parts,
1,050,000 Shares on or after 31 December 2008 and 1,050,000 Shares on or after
31 December 2009, with the exercise of each part being conditional on Mr Guest
still being in the employ of Gulf Keystone on 31 December 2008. The option, if
not exercised in whole or part, will lapse on 31 December 2015.


Enquiries

Gulf Keystone Petroleum: 020 7514 1400
Todd Kozel, CEO
Bill Guest, President

Citigate Dewe Rogerson: 020 7638 9571
Media: Martin Jackson / George Cazenove
Analysts: Nina Soon

or visit:
www.gulfkeystone.com

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We are waiting for some news, but we are in an trending up with out any news sense the beginning of December as you can see. regards goal.

20 February 2006

Gulf Keystone Petroleum Limited ('the Company' or 'Gulf Keystone')

Update

The Company has previously announced that it is reviewing the possibility of
bringing in potential partners into certain of the Company's Algerian licences.
Ahead of, and in conjunction with this, the Board recently commissioned an
internal review of its entire potential reserve and resource base, covering the
newly acquired Blocks 129, 108, 128, 317b, 322b, 347b, 348, 349b together with
its original holding in Block 126a.

As an integral part of that review, a detailed evaluation of the production
sharing contracts for each licence has been carried out together with a
calculation of the likely net reserves allocation to Gulf Keystone that would
result from those contracts. It should be noted that the net allocation can vary
annually when factors such as capital investment, production levels and product
prices are considered. Accordingly, the contract terms that determine
entitlement are different for each block.

In the case of Block 126a, an evaluation of the cost recovery provisions
contained in the production sharing contract for Block 126a indicates that the
percentage of net reserves that would be attributable to Gulf Keystone, from any
commercial development within Block 126a, would, the Company believes, be
materially lower than was indicated in the last independent review of the
Company's reserves contained in the Competent Persons Report of September 2004
set out in the company's AIM admission document.

In view of the internal reserves review that the Company is presently
completing, the significant drilling and work-over activity that the Company has
carried out since the last independent resource review in 2004 and the very
substantial expansion of the Company's portfolio of oil and gas assets that has
taken place since that time, the Company is now commissioning a full, updated
and independent review of the Company's resource potential. This is expected to
be completed and available within 8-10 weeks.

Enquires:

Citigate Dewe Rogerson 0207 638 9571

Media: Martin Jackson/George Cazenove

Analysts: Nina Soon/ Kate Delahunty


This information is provided by RNS
The company news service from the London Stock Exchange

Bought into these this morning for recovery -- fall looks way overdone as only one block's overall estimate is being re-valued -- they have nine blocks altogether!