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.

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.

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

Thanks skinny.

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.

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......

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

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...

is this about to rocket again

Looks like it may!

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

will it rocket this afternoon?

no!!

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

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.

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

u r right rf......well spotted

sp going up bit by bit

good day at the finish......and of course the thought of completion of the drill programme is driving things upward......edging closer to the rns.....and then of course there are other blocks on the agenda.....very positive

From a discussion regarding PTR this came about,thought it worth passing on.

4000 bopd per day means not much if you have not got the permission from the government to sell it at commercial rates. Most oilers have to choke back their flows for 6-12 months whilst waiting approval and be forced to sell what they can to the domestic market at domestic rates.


The most prominent example at the moment is GKP. plenty of oil...but a very lengthy process to commercialise it they may crush a smallcap company in the end or dilute the shareholder value whilst waiting for approval. Most shareholders in GKP are oblivious to this are in for a rude shock come January/February 2010 (situation made worse due to a probable delay in Iraqi elections).. my guess it will lose up to 50% of it market cap because of this very reason...(notwithstanding other risks its faces)

cyril

Good post cyril.

i am still of the opinion that they are a buyout option for major's who need oil reserves.....many of those around the area so i have been informed....could rise on completion of drill and then rise again when the major's make approaches for the proven reserves.....so not all doom and gloom on the time aspect