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Gulf Keystone Petroleum (GKP)     

goal - 15 Mar 2005 17:17

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.

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required field - 22 Oct 2009 07:58 - 866 of 5505

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...

Proselenes - 22 Oct 2009 08:09 - 867 of 5505

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.

required field - 22 Oct 2009 09:21 - 868 of 5505

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

watcher - 22 Oct 2009 09:26 - 869 of 5505

cup half full or cup half empty that is the way i see it......be picking more up if it goes much lower......drill yet to be completed

required field - 22 Oct 2009 09:34 - 870 of 5505

There is a lot more in the next year to come from this company but when and what is only known by the company themselves....if you haven't sold earlier then probably the best thing is to buy and hold....and wait for final testing and the spudding of the new well in the next block.

Proselenes - 22 Oct 2009 12:05 - 871 of 5505

There are the issues of license validity, and can they ever sell the oil etc... so its not "plain sailing" as some like to pretend it is.

Recovery factor is key to making any assumptions, and they are going to withhold this.

Quite a number of question marks out there and one should not see this as a "no risk" stock.

skinny - 22 Oct 2009 16:44 - 872 of 5505

I don't follow these, but I was sent this link earlier - http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10057733&campaign=newsletter0001&link=gkp_weeklyalert_268_287&cp_c=bnv76p

goal - 22 Oct 2009 17:29 - 873 of 5505

Thanks skinny.

lizard - 22 Oct 2009 20:31 - 874 of 5505

Its the Total depth report that counts. I believe the estimates are precautionary at this stage until the finals are determined. But must say looks good.

watcher - 25 Oct 2009 03:24 - 875 of 5505

must be getting close to drill completion.....i would like to see confirmation that the s.p. holds if not creeps away from the 100p level....should be an interesting week ahead...either way......

capetown - 25 Oct 2009 22:36 - 876 of 5505

CYNIC,hats off to you for selling some @130 ish.
Still holding here.

watcher - 27 Oct 2009 22:32 - 877 of 5505

fought hard to stay above 100p today......so see what tomorrow brings.....is the record stuck or am i becoming the expectant dad......walking the corridor.....waiting with both fingers crossed....hoping for a healthy future...

marni - 29 Oct 2009 16:08 - 878 of 5505

is this about to rocket again

Toya - 29 Oct 2009 16:45 - 879 of 5505

Looks like it may!

cynic - 29 Oct 2009 16:49 - 880 of 5505

sold out to protect in the event that US GDP disappointed - better safe than (very) sorry ..... may look again in the morning, albeit that i would be buying at a higher price

marni - 30 Oct 2009 13:24 - 881 of 5505

will it rocket this afternoon?

Balerboy - 30 Oct 2009 16:38 - 882 of 5505

no!!

watcher - 30 Oct 2009 19:47 - 883 of 5505

nice one B boy.......the comforting thing is the s.p. is creeping away from the 100p mark...whilst it does move well during the day it seems to be up at the end of each day.........as for the rocket marni......we both want that.....and i am sure many more watchers

Balerboy - 01 Nov 2009 11:47 - 884 of 5505

bought back in at .98p and waiting news, which should be very soon...unless they've got difficulties. Surprised nothing heard last week as they must be near the 3500mtr mark by now... perhaps nothing there...heaven forbid, am over wieght in these at mo for me. GL all next week.

required field - 02 Nov 2009 08:53 - 885 of 5505

sp changing every second on this....getting closer to an rns....
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