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.

you wish!!

Nope, I'm not short of anything but long in far too much!

Broker note from Evolution:
"While Shaikan-1 has continued to surprise on the upside, the drilling is now complete and we do not see material upside until Shaikan 2 starts in mid 2010. Switch to Sterling Energy where drilling on Sangaw North starts soon.
DETAILS The light oil and higher pressure in the Triassic in Shaikan-1 is a positive sign. The DSTs to date have been encouraging with the company indicating total well potential of >30,000 b/d. There may be even deeper potential, but the well has now reached TD and we do not expect major positive newsflow until mid 2010.
VALUATION AND RECOMMENDATION Our valuation of the reserves in Kurdistan is conservative and we still risk the chance of success at 50%. Based on the largest oil in place number revealed to date (5.3bn) and a 33% recovery factor we arrive at a risked value of Shaikan of 86p/share and 93p/share for the whole company. "

So who is right?:

FD Capital said it remained very positive on Gulf Keystone, retaining its buy recommendation for the stock and raising its target price for the company to 200 pence, compared to the stocks current trading price of 110 pence.

92p or so at the moment, but has everybody forgotten about the 2 other blocks plus a possible disposal of the Algerian assets soon...so there should be more news flow before year's end.....at the moment profit taking has been going on....did so myself the other day...but this is one hell of a successful drilling campaign so far and a lot more to follow soon.

MMs have panicked quite a few in to selling. Great drilling results do not warrant such a reaction. Would expect a bounce from here!

Thank you!! have been so temped to sell whilst in profit BUT the thought of a possible bid coming plus RF's points above have made me hold off.... will wait fingers crossed. If DD is right i'll not be happy..BB

Balerboy.

I genuinely hope for both our sakes I'm not.

I wouldn't touch this one either for the foreeable future, as to EVO recommeding a switch to the highly diluted Sterling Energy (where a best case result could push the so to 6 or 7 p), they have to be joking, but then they are the house broker so I suppose they would pump their own companies.

(aimo make your own minds up.)

what do brokers know anyhow!!!! cheers

My aim stocks have taken a knock today, but ftse is up 40 points or so ...weird !.

hope the slip does not persit......and up early today.....KDD could shoot up.....
morning all

market will open weaker and crude slightly down

hope you still got your gold stock cynic...lonmin doing me well at mo.

This seems to have stuck at 89.50 - 89.50 for ages (i.e. bid and buy same price) - with no trades! Or is my computer stuck?? Seems odd

It's woken up now...

Read the top thread on the investor room board (LSE trading system). All is explained!

hope you didn't bale out RF, something brewing 95 again...

Still in but what about ftse as a whole...aaggghhh...

Perhaps a touch of realism setting in, RF
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