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 am too but at about 40% of what i had this morning, though in value terms i'm still o'weight here

Am tempted to have another go, if it drops a little further. Low of 365p, which I missed.

376p finish.
Interesting day tomorrow,it may drop further and i won't be surprised if under 350p or even lower (for a brief moment?),over the next few days?? Inly time will yell.

Had a limit buy of 370 on for rest of day but didn't quite get there, think 360 might be on the cards for tomorrow which is where it stopped on friday and might hold till next news........wouldn't want to be out of these at the mo........where is gibby by the way?

Afraid I have no more detail but arrived in my inbox today....


Iraq news
Deputy PM says ExxonMobil must soon respond to Baghdad's ultimatum and freeze deals in Kurdistan or else lose all opportunities in southern iraq.
By Ben Lando of Iraq Oil Report
Published February 14, 2012 Iraq's central government said ExxonMobil will soon need to freeze or pull out of the contracts it signed with the semi-autonomous Kurdistan region or else lose both its venture in the super-giant West Qurna 1 and the rights to bid in an upcoming licensing round.

"ExxonMobil is quite aware of the position of the government of Iraq," Deputy Prime Minister for Energy Hussain al-Shahristani said in an interview with Iraq Oil Report. "They have been told they have to make a decision and inform us...

http://www.google.co.uk/finance?q=PINK:GUKYF

don't understand that link cyril???

BB the pinks is a some forum on which the yanks can trade GKP,so todays finish
is $5.97.

onvert US Dollar to British Pound
$ 1 = £ 0.6371
$ 1 = £ 0.6371

0.6371*5.97= 380p

Doesn't seem to apply to here then cyril 365 - 372 at mo.,.

BB they were not that far off our close,they tend to follow. 7p spread the largest for sometime,would suggest the mm's are expecting a bit of selling today,seems the Guardian advised selling prior to drilling news(do they know something or are they being ultra cautious?)and it looks like they are?
Will watch for the bottom before making any decision whether to buy more,by that i mean a ewasonable recovery to the SP.

Just what i'm doing at mo.,. gl

7p spread????? ...... who deals for you as real spread is currently 0.75p ..... bought 1/2 back this morning at 374.5 .... true bottom this morning was about 369 from memory; currently 378.25 mid

The trouble now could be : is the next oil flow test in the sp ?.....perhaps not all of it...perhaps another 50p is to be added to the current total....but more than that ?....I'd be surprised......perhaps 400p is the top for the moment....and unless a takeover emerges and that you cannot be sure of with already a three billion market cap then the sp will hover around the four pound mark for the next few months or so after these next well results.

on that basis, you could use "surplus" stock to trade

in at 3.79 hopefully will do better than ORE which cost me a £50 loss. [serves me right for chasing them on the up]. going the right way so far but 10 mins is hardly an investment period ;)

Alex

7p sprea,just took BB's figures 372/365p as being right.

sorry cyril just generalising not specific.,. lol

BB no probs,off out now,be interesting to where it ends up?

Looks like tide has turned in the USA,for the time being(profit taking)as thDJ seems to have run out of steam?How low will they allow it to falll is the $64m question? It will have an impact on all narkets imho,so some bargains could present themselves.
Gkp could fall a little further(350p?),although sentimet along with oending news should help to ride any sharp retrace?

Keep in mind what we have BILLIONS OF BARRELS OF OIL and the it won't go away,a much prized commodity which will only become moreso as we are possibly pased PEAK OIL?

funny you should say that cyril, i sold some afr at 132p to go into gkp at a chosen low but not happened, but today afr dipping to 127p if it were to go to 125p i'llprob go back. is this dip caused by gkp?? or just coincidence?