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.

Just came across this,


11:19
MOL good news end January
broadford bay
8
I response to some enquiries I had made, I received the following from MOL's head of investor relations:

"Dear James,
Yes the Aqra-1 (or Bijell-3, how we officially call it) appraisal well reached its final depth. Status is under testing.
Most probably we will give an operational update about the Akri Bijeel block in this month, including news about the even more important exploration well(s), Bakrman-1 and Gulak-1.

Kind regards,
Ádám Horváth"

Note the emphasis he places on the Bakrman-1 and Gulak-1 news.

">

From MOL November 2012 presentation, showing Bakrman-1 and Gulak-1 due for completion around end of Dec 12. Key milestones shows update for these in Q1 2013. (Bijell-3 = Aqra-1)

Very possible late January, so not long to go.



.

From the same presentation, note Feb 2013 for the Shaikan development plan.



.

from same article:

The KRG halted exports through the Baghdad-controlled Iraq-Turkey pipeline last month in a dispute over payments to oil companies operating in Kurdistan, and officials in Baghdad say the trade of Kurdish oil would make it even more difficult to reach a deal on payments.

A new 75 km pipeline linking the Taq Taq oilfield to the existing Kirkuk-Ceyhan export infrastructure should be up and running soon, Hayward said. "It'll be mechanically completed by the end of the month and fully operational in mid-February."

http://www.reuters.com/article/2013/01/09/iraq-turkey-oil-idUSL5E9C936R20130109

Wed Jan 9, 2013 8:39am EST

* Exports to Turkey from Taq Taq field to rise up to 20,000 bpd

* Genel says happy to finance new proposed Kurdistan-Turkey pipeline

* Taq Taq-Khurmala pipeline seen operational in mid-Feb

By Humeyra Pamuk

ABU DHABI, Jan 9 (Reuters) - Trucked exports of crude oil from Iraqi Kurdistan to Turkey may reach 20,000 barrels per day (bpd) in a few weeks, the chief executive of Genel Energy said, in a growing trade that central government in Baghdad sees as illegal.

The export of crude from the Taq Taq oil field by truck to Turkey shows the Kurdistan Regional Government's (KRG) growing frustration with Baghdad as it moves towards greater economic independence.

"The KRG has given us approval to begin trucking relatively small volumes of crude," Genel CEO Tony Hayward told reporters on Wednesday, adding that exports of the oil would probably rise to 10,000-20,000 bpd in the next few weeks.

Taq Taq produces around 100,000 bpd and 35,000 bpd is fed into the Bazian refinery. Genel Energy has a 45 percent stake in the field and apart from the direct exports to Turkey, the majority of the oil is shipped to local refineries.

Hayward, former head of oil major BP, said the Anglo-Turkish company he now leads was going to be compensated for the oil shippped to Turkey by the KRG, which will receive oil products from Turkey in return for the crude.

"Because Kurdistan is short of some particular products, gasoline mainly, they are sending their oil to Turkey and taking products in exchange," he said in an interview with Reuters.

The KRG halted exports through the Baghdad-controlled Iraq-Turkey pipeline last month in a dispute over payments to oil companies operating in Kurdistan, and officials in Baghdad say such a unilateraly move to increase the trade of Kurdish oil could make it even more difficult to reach a deal on payments.

Genel's activities proceed on track nevertheless.

A new 75 km pipeline linking the Taq Taq oilfield to Khurmala - the entry point to the existing Kirkuk-Ceyhan export infrastructure - should be up and running soon, Hayward said. "It'll be mechanically completed by the end of the month and should be fully operational in mid-February."

If Baghdad and the KRG reach an agreement, the new link would make exports through the federal pipeline system easier.

Talks over a new proposed pipeline that will link Kurdistan's oil fields to the Turkish border, which the KRG had pledged to put in place in 2013, are also ongoing, Hayward said. "We have said to KRG that we'd be very happy to finance it and we're still in discussions on how to proceed."

Such a pipeline would cost around $150 million, he said, adding that Genel, which has $1 billion in cash, would comfortably finance that. He said the construction could start in the first half of the year given KRG's target to have it operational by the end of the year.

NO INTENTION TO SURRENDER

For over a year, Kurdistan has upset Baghdad by signing deals with oil majors such as Exxon Mobil and Chevron , providing lucrative production-sharing contracts and better operating conditions than in Iraq's south.

The KRG says its right to grant contracts to foreign oil firms is enshrined in the Iraqi constitution, drawn up following the 2003 invasion that ousted Sunni dictator Saddam Hussein.

Baghdad said last month it would not pay oil firms operating in Kurdistan because the region had failed to export the volume of crude it pledged under a deal struck in September.

That agreement stipulated that Kurdistan would pump crude through the Baghdad-controlled Iraq-Turkey pipeline in return for payment.

Hayward said KRG was left frustrated by not getting paid by Baghdad for the oil it sold and not receiving the oil products that Kurdistan says it is entitled to and is short of.

"I think they have been very clear they have no intention of surrendering what they consider to be their right to manage their own oil and gas. They've also been very clear if they can't find any accomodation with Baghdad about how to do that which so far seems to have eluded both parties, they would do their own thing," he said.

Baghdad transferred an initial sum of 650 billion Iraqi dinars ($560 million) to the KRG. But a second payment is still pending for the foreign companies in Kurdist

From iii board.
12:19
Re: MOL good news end January
investor48
37
Hello Everyone,

To add to BB's post:

The CEO of MOL in one of his presentation highlighted the Kurdistan will be a company maker.

Now,MOL is capitalised at circa 8.7Billion USD nearly 3times that of GKP currently.For a 8.7billion USD company to say that Kurdistan will be a Company maker tells us that Akri-bijeel must be significant,for it to transform a company that is already capitailsed at 8.7billion USD.

Well how much will this transformation be with it's assets in Kurdistan coming of 3blocks of which MOL has 50 plus percent stake in AB,which is most significant to MOL?Your guess is as good as mine!The discovery of Shaikan has transformed GKP from a small oil junior with a market cap of less than 30million pounds to an oil company with a market cap of more than 1billion pounds.

GKP with a net of 12.5percent of AB after back in rights,will indeed be very valuable,IMHO.

Best wishes to all.
----------------------------------------------------------------------------------- Just recently a figure of 9500lbs/presure at the well head(which is very significant)was mentioned and it was hinted it referred to the AB well??

A ROAD MAP READY AND AGREED BY TURKS & ÖCALAN ?

ANKARA, REUTERS / RADIKAL / MESOP et.al. 9.1.2013 – The Turkish government and jailed Kurdish rebel leader Abdullah Ocalan have agreed on a roadmap to end a three-decade-old insurgency that has claimed tens of thousands of lives, Turkish media reported Wednesday. The deal was reached during a new round of talks between Ankara and Ocalan and aims to have the Kurdistan Workers’ Party (PKK) lay down arms in March, private news network NTV and Radikal newspaper reported.

An initial cessation of hostilities was to evolve into a fully-fledged ceasefire agreement over the following months, they said, without revealing their sources for the reported breakthrough.

The government is expected to reciprocate the ceasefire by granting wider rights to Turkey’s Kurdish minority, whose population is estimated at up to 15 million in the 75-million nation, according to unofficial figures. But Turkey’s pro-Kurdish Peace and Democracy Party (BDP) warned the talks were not at the stage of fully-fledged ceasefire negotiations, arguing Ocalan would have to be freed first and given a chance to consult the grassroots.

Gulf Keystone (LSE:GKP): November Bear Trap Rebound

Earlier this week I read with interest that Gulf Keystone is the most widely held AIM stock, and previously my intensive research has pointed to it being a takeover target and a potential FTSE 100 entrant. Not bad fundamental stuff from a chartist? But the main point of interest here is whether after today’s surge for the shares towards 200p this is merely a false dawn or the start of an extended recovery?

The technicals suggest that we have been treated to a bear trap from below the November intraday low of 170p. This is a major buy signal, one backed up by the way that after 170p was recovered on an end of day close basis o December 27th, the lowest price intraday was 172p.

The position now is that one would be looking for further upside while there is no end of day close back below the late December 187.75p intraday peak, with the initial target the 200 day moving average at 204p. But only once this has been conquered can we really say that Gulf Keystone is Back For Good, as in the Take That “masterpiece.”

http://www.bloomberg.com/news/2013-01-10/turkey-beating-norway-as-biggest-regional-oil-driller-energy.html

TPAO et al
Turkey Beating Norway as Biggest Regional Oil Driller: Energy
By Selcan Hacaoglu & Brian Swint - Jan 10, 2013 12:00 AM GMT Facebook
Turkey is drilling for oil and natural gas with more rigs than any European country and plans new rules in 2013 to speed exploration of energy supplies for the fastest-growing major economy after China.

The country fielded 26 rigs at Dec. 31, according to data compiled by Bloomberg, and the number has since risen to 34, Energy Ministry officials said yesterday. Turkey has leapfrogged Norway as offshore drilling increased in the Black and Mediterranean seas. Spending on exploration jumped to $610 million last year from $42 million a decade earlier.

http://www.iii.co.uk/articles/68033/genels-kurdistan-shipments-raise-hopes-gulf-keystone

Going lovely is it not.

As I said, it was a raging buy under 180p !! :)

Yes it most certainly is,broken througjh the 200DMA today. Interesting month, CC resumes on Monday and news of AB from MOL later in the month.GKP(apart from SA)have been unusually short of operational updates,the half year results on Sept.12th being the last such news. The next 50 days should give us a much better overall icture,so just a little more patiance needed?

http://www.efinancialnews.com/assetmanagement?mod=mainnav

Bottom right hand.
SHORT INTEREST BY MARKET
#
Put in GKP

http://www.rudaw.net/english/business/3521.html

Will be interesting today to see if it can keep going up, or needs a consolidation of Friday profit taking before moving up again next week.

http://www.dailymail.co.uk/money/markets/article-2260452/MARKET-REPORT-Defence-group-Chemring-siege.html

........Bid favourite Gulf Keystone Petroleum rose 10.25p more to 206.25p on a VSA Capital recommendation and target price of 475p. The broker is bullish about its Shaikan field in Kurdistan, Iraq, with production of 40,000 barrels of oil per day rising to 100,000 in 2014...........

MrP - while we are all fully entitled to change our view on shares and the markets in general, was it not you who not very long ago persistently and vociferously rubbished Kurdistan and saying what a damn-fool place it was to invest (we'll leave the FI aspect out of it)?

cynic - not happy the share price of GKP is rising after I called strong buy sub 180p ?

Markets look forward not backwards - why are you always looking backwards - you'll end up going backwards.

As I keep saying markets are FLUID and they only look forward- a crap stock today can rise 100% tomorrow on a new deal or new info.

Yesterday is yesterday and anything said then has no bearing on the situation today.

now i've heard it all.,.

excuse me, but i have held GKP for a very long time and it was YOU who gave me plenty of flak for favouring this stock instead of your former "paramour" ...... i don't even hear from you anything like, "whoops! dropped a clanger with FI didn't I!"