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.

That drop had me worried earlier on......it might level off now....

probably more like 2/3 years, but peeps don't like uncertainty and more to the point, sp had bolted away on no new news ..... only 3/4 days ago, we would have been more than happy with sp at current level or even at 90/95

I have taken some good profits in the last day or so....probably having to stay put now until this expected rns...I would hate to see the sp crash to 70p or so...aghhh...

looks like somebody is buying a lot of share at this price lots of activity going on lots of movement but no volume cynic any view on this ? or any one like to comment

A bit off subject....I reckon we are heading for a dollar slump like $1.80 or even $1.90 to the pound.....and that could put the WTI (crude) up.....and that could trigger upgrades for production oil stocks....not saying I'm 100 percent sure of this but it's a possibility.

http://uk.reuters.com/article/idUKLL10724720091021

seems to me a bit of scare mongering.... missed opertunity to top up in veiw, well news still to come and sp will stay near 100p till then, then we have to make a hastey desision..imo. for what it's worth. hello.

The problem is whether the market has another big discovery priced in or not....if it hasn't and they announce another strike of a decent size : up the sp will go....if not down we go but by how much and at what price will this stabilise before the other block gets spudded (drilling)...all guesswork...

Don't forget to factor in the political risk, Baghdad will still have a say in what is happening in Kurdistan.

it would be logical that although the government have had their noses put out of joint....they surely cant give up revenue from a resource that they will base the countries economy on for years to come....so would face great pressure to get on with things.....and if the find is as large as stated.....the pressure is greater.....pun

iv never sweat-ed so much since my wife ask for a divorce and 50% of everything,
and my girlfriend said that's good we can get married then !!!
out at 109--in at 100--out at 113
all the best ian

They were a fair old age then !.

thats better..required f....got to have a giggle a day.....glad to see the s.p. recover a good percentage.....see what the RNS brings......when it arrives.....time for a brew and the footy

good luck all

See you tomorrow...watcher, cheers...

is it not time to take some profit, because i need back in and it's too high for me. !!!
good luck all
regards ian

still in with a hope and a prayer....amen

From The Times October 22, 2009

Gulf Keystone edges down

Peter Stiff: Smaller companies

Shares in Gulf Keystone Petroleum fell by more than 8 per cent yesterday after its partner on an Iraqi oil well said that more caution was needed when estimating reserves at the find.

MOL, an Hungarian oil group that holds a 20 per cent stake in the Shaikan-1 exploration well in the Kurdish region of Iraq, said that a more accurate evaluation of the project would not be completed until late 2010. Local media reported MOL as saying that, based on the first test results at the well, the find could be considered a significant discovery but that it was not possible to quantify reserves yet. Shares in Gulf Keystone, which hit a high on Tuesday, fell 10p to 114p.

Rns out.....plenty of oil that's for sure down to 2055m....still drilling with more reserves to be added as drilling continues....they are still evaluating what they have discovered...

Oil in Place figure potentially down to 1 billion, and no mentioning the recovery factor.

With OOIP of `1 billion and recovery 50% thats down to just 500m barrels and then of course whats the percentage for GKP ?? A lot less of that total.

No wonder MOL were encouraging caution, too many people were getting too carried away perhaps.

Make no mistake this company has hit the jackpot here and probably more discoveries to come...and there are more blocks to be drilled...