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.

I wonder if the RKH ramping muppets who accused others of ramping GKP recently are so cocky now........ :) LOL

I find it pretty sickly after all the deramps last year for you to start crowing....

From the well respected scamaouche,hope he doesn't mind?




'It strikes me that today's RNS does several things:

1. It clarifies the position in respect of the BIRs, confirming that they apply ONLY to the SHAIKAN and AKRI-BIJEEL licences.

2. It highlights that these BIRs have YET TO BE ALLOCATED... and that GKP has agreed an extension to the previous deadline of 31 December 2012. (Presumably therefore so has MOL!)

3. It makes clear that the Working Interests COMMONLY REFERRED TO for each of these licences have been GROSS, but that this percentage will change when the BIRs are allocated and KRG interest is taken into account ( making it easier to understand any valuations applied in the event of a sale perhaps?).

4. It highlights that Texas Keystone's Net working interest of 3.4% will also pass to GKP in due course - there have often been some doubts expressed about this.

5. It confirms that some BACK COSTS will also be PAID to GKP once the BIRs have been allocated... which will be a useful addition to the company's coffers.

6. It confirms the sequence of events that will follow shortly -
"AFTER the Government of the Kurdistan Region of Iraq has EXERCISED its Third Party ASSIGNMENT OPTION in the Shaikan and Akri-Bijeel Production Sharing Contracts ("PSCs"), the respective PSCs will be further AMENDED and Gulf Keystone will issue an appropriate announcement."

In short, the RNS leaves no room for any doubt or confusion, just as BBBS helped to ensure in one of his recent posts (Does the BoD read BBBS posts, I wonder - I bet they do!)

The interesting point though is why the announcement has come today (it could have come any time after 31 December 2011), and what might be the implications....

My feeling is that whoever takes on Shaikan will acquire the BIRs and both the interests of GKP and MOL in that licence.... as a super-major will probably want complete freedom in developing such a massive field, unencumbered by any much smaller entities (even such as GKP!)

And the same may presumably also be true of the Akri-Bijeel licence - could we see a different major developing that field, I wonder?

Oh, and regarding today's price rise.... and GRH1's recent 'wouldn't want to be out' post...
Yes, it sems to me very likely that any super-major competing for GKP's assets 'would not want to be out' and might have a serious fear of the consequences.

But I would add that for a 'de-risked GKP' - with an SP still less than 20% of the likely take-out price - no self-respecting Institution/ Fund Manager would 'want to be out' either!

Maybe the worm has turned at long last, and anyone selling or shorting in the present climate needs to think very carefully about the possible consequences!

Perhaps it is also nearly time to rename the popular phrase on this board that I believe originated in the USA to..... 'Shaik-an awe'!

AIMHO and please DYOR.

GLA, scaramouche'

many thanks

See 250p+ on offer.

Who says that this will be taken over for sure....they might go it alone...in that case this is going to spike....and retrace a little ....

Anybody like to guess where the top is ?.....I'm getting nervous....

This is now pricing in a takeover bid as a fact....

Bloody hell !....(sorry)....

Typical, spend a bit of time on the phone then come back to find 250 well breached and on it's way to 260...........+

What worries me is a possible rns coming : saying the company knows no reason for the share surge other than the shaikan wells going ahead as in the latest update....

270p......gulp....euuh...I mean GulfKeystone....

http://www.bloomberg.com/news/2012-01-10/gulf-keystone-rises-12-on-speculation-that-company-will-be-sold.html

Gulf Keystone Rises 12% on Speculation That Company Will Be Sold
By Brian Swint - Jan 10, 2012 10:56 AM GMT

Gulf Keystone Petroleum Ltd. (GKP), an oil and gas explorer in the Kurdistan region of northern Iraq, rose to a record on speculation that the company will be sold.

Shares climbed as much as 12 percent in London and traded up 11 percent at 245.5 pence as of 10:54 a.m., the highest since listing in 2004. The stock rose 8.6 percent yesterday.

The Bermuda-based company today confirmed that the Kurdistan regional government has the right to buy into the Shaikan and Akri-Bijeel blocks. The Daily Mail newspaper reported that speculation the company will be taken over had been revived after Gulf Keystone last month denied it was in talks with Exxon Mobil Corp. (XOM)

“Gulf Keystone will sell up, that’s the consensus,” said Alex Ogbechie, an oil analyst at Fox-Davies Capital Ltd. in London. “It’s just a matter of time. The agreement on provisions of the contracts makes investors a bit more comfortable.”

To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

&

kerrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnggggggggggggggggggggggggg

:-)))))))))))))))))))))))))

all indicators are for another storming finish later on top of a fantastic day :-))))))))))

Cynic did you sit on your hands or did temptation get the better of you??

I've taken a few profits.....perhaps too early...will keep the rest.....just can't watch it all the time.....£2.5 billion market cap almost.....hefty....

Directors will soon be in the money?



It is recommended that the 2010 LTIP Options will be available for exercise in equal tranches over three financial years subject to the following performance conditions:



(i) One third of the 2010 LTIP Options will vest on the share price reaching 275 pence.

(ii) One third of the 2010 LTIP Options will vest on the share price reaching 325 pence.

(iii) One third of the 2010 LTIP Options will vest on the share price reaching 375 pence.

from the uva board...

The 19 billion dollar offer is there and after long conversation last night, it looks like it has been surpassed by another offer that is pretty well formulated and is 23% higher and this has the go- ahead it needs and only the Board and the KRG can stop it. Around 8 months ago, I put a figure on the value of GKP, based on what was known, that figure came from specialists in the US on a major exchange, where they look long term. The figure was $43.00 a share and posted on the KOEP board, that has now been surpassed and the specialists I mentioned above have re rated it to $61.00 a share. So confident on that first figure of $43.00 per share the Chinese used the information to line up GKP as their preferred option.
Where does this stand today, well the KRG and Board of GKP know the answer to this question, and it’s about time they were up front.
Where do we stand today, well moves have been afoot to get shareholders on side to accept a lower figure of around £ 8.30 a share to suit a particular company acting in concert with another , and the board may have accepedt this?.
Unbeknown to the Board, they were not expecting a higher offer to get the okay and defiantly not in the public domain,with approval at highest level from another other US Major, and that has had them doing their utmost to have the required percentage of share holdings to rail road through a lower offer than what is out there currently.
Well the field is open to US companies and 2 others, and there is 1 waiting on Shaikan 4 flow rates which are known to be well above expectations, but it could be other US majors have access to that info already.
Where does this leave investors, well it’s simple. There are some High Net Clients invested through Capital R Management and two other companies who are using different brokers worldwide to increase their holdings , but they face stiff competition from others who have the inside track and who are only buying to make a quick buck, and may have been enlightened on the turnaround time for a quick deal
Now will MG and other Financial Houses line up and accept the low offer, or will they and others be prepared to look at the whole field?
Unfortunately, fund managers have a role here and they need to be persuaded to stand back and think about their individual clients that are invested in their funds. Will this happen, I don’t know, but what I do know is some big players in the US are buying all the way up to $6.30 per share and may go above this.
" Now that is for them to decide, and in no way is a recommendation for anyone to buy. The buying of shares must be down to the individual who must do their own research and make decisions based on their own circumstances"
GRH1 has alluded to the flow rates out of Shaikan 4, and along with Dalesmann and Zengas, they both have put together information that shows just how much GKP should be worth per share.
Now in my opinion based on what I understand, PI’s have a role to play here, and it’s entirely possible to stop the lower offer from getting through, especially in light of what is known, and that is the $19 billion offer, and another that is 23% higher and been given the go ahead.
Keep in MIND the re rated figure of $61.00 per share and the figure of $43.00 a share, the Chiniese used when making GKP their preferred option, as these are very important for investors to focus on.

CJ By Chicago Jack

Had to buy them back.......just keeps on rising....might be over 300p by tomorrow....quite incredible...

London midday: Resource stocks lift Footsie, Gulf Keystone jumps

Date: Tuesday 10 Jan 2012

Market Movers
techMARK 1,901.59 +0.31%
FTSE 100 5,675.84 +1.13%
FTSE 250 10,358.68 +1.05%
LONDON (ShareCast) - Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders.

A big mover was Gulf Keystone, the AIM-listed oil and gas firm, which shot up over 16% on unconfirmed speculation that it could be sold, according to Bloomberg. Gulf Keystone reported this morning an agreement over options at two of its sites with the Kurdistan Regional Government (KRG). The firm has agreed that the KRG may assign an interest to a third party in both the Shaikan and Akri-Bijeel blocks.