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.

210p target price.......... says it all.

I'd sooner be in this than BOR and if it goes to 210p will buy a good deal more.,.

When are their final results due?

Reckon it could be June.,.

BB why year end was 31st december 2011?

looked on iii and yes your correct, we've had nothing so far and they list period end 31st June??? so guessing.,.

BB so final results should be announced soon with all that oil should be good!

agree.

hey hali old friend, i thought you avoided this one like the plague (aka tlw)!

behave cynic.,.

cynic just interested to see whether this turns out to be a roaring success after all the huge estimates of oil in the ground or will it turn out to be another HAWK?

i'm sure not like hawk! ..... how UNproven are the gkp reserves or whatever the correct term is? .... put another way, at what juncture is the amount of recoverable oil deemed to be accurate, although ever more sophisticated technology means that whereas in the good old days, perhaps 30% of a reservoir was deemed recoverable, i suspect that the norm is now 40/45% and climbing

cynic fine if you believe the "estimates".

that wasn't quite what i asked!

cynic your guess is as good as ours the proof of the pudding etc.... remember what happened to SEY.

never had or even followed them ..... to rephrase my Q, i'm genuinely trying to establish at what juncture estimates become realisable, with the stages in the middle

cynic estimates are only proved after the pumps produce and if they don't the pump and dumpers like PP are long gone.

don't buy into that line, and nor do you i think .... before anyone even starts thinking about pumping, they have to have a pretty strong idea of how much will be recoverable and over how many years, based on the available technology of the time

are not reserves proved as far as they can be by an independent report or similar? .... but that is the final bit ..... surely there must also be intermediate stages of varying validity

called a CPR is it not.,.

cynic thats what the financiers thought about Chingueti do you believe Moodys , S&P the OBR etc their guess is as good as ours.