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.

http://gkpinvestor.proboards.com/index.cgi?action=display&board=analysis&thread=1773&page=1

This post has caused quite a stir,not sure of the creditabilty though?


Healyron,
It appears my sources are one step ahead of the game..As i said the backers are panicking and to confirm this the court has stated article 8.1 of the collaboration agreement as to be null and void as excalibur havent qualified for this..The whole argument stemmed from new york law from where the initial claims were lodged....It appears no defence is now left and even counter claims as i said we live in interesting times..


8 APPLICATIONS FOR ACREAGE
8.1,Upon completion of the evaluation of any parcel of Acreage which shall in
relation to each such parcel of Acreage take place by the Deadline, the
Operating Committee representatives shall meet to decide on whether they
wish to apply jointly for such Acreage and the commitments financial or
otherwise which they are willing to accept in relation thereto and no later than
ten (10) days after the Deadline each of the Parties shall thereupon give notice
to the other Parties of its commitment to participate in or to withdraw from each
Consortium Bid agreed as aforesaid. Should a Party fail to give notice as
required prior to the expiry of the time period set forth in this Clause 8.1, it
shall be deemed to have elected to withdraw from such Consortium Bid.

and,same source


Game set and match!!!
New york law has proven to be advisory and nothing short of english law..IE collaboration agreements etc form part of written contractural agreements not handshakes etc how the wempens assumed things...they came they saw they they will run...
I hope harvey and partner have at least $500 million

for the event they lose and are counter claimed by 3000+ shareholders for damages etc..
Pity they didnt do their research as to UBS fraud claims etc and wempens blackmailing/planned claims etc all im my opinion...apart from i will sue!!

Little interest in early trades,nakes one wonder?

"> ">

the court case has now become rather turgid instead of the crash-bang-wallop prior to christmas ..... i'ld guess there will be little interest in GKP until all is finally resolved or there is some interesting action in Kurdistan

The CC has roughlya month to go,it will take the judgge several months to reach a verdict.It shoulg be understood that this is a test case in UK law,so much care will be taken,with no stone unturned,leaving little chance an appeal on a point og law.
"if" the Clause 8 91 is null and void,it would certainly help in speeding thing up,but a
conservative date imo,would be August,with no appeal?

one might also have to ask whether or not EXC's backers have the stomach for throwing even more money at this carpetbagger's claim ..... btw, why is it a "test case in uk law"? .... in no more than 50 words pleasse :-)

It seems the tactic of using the court as a delaying ploy,is not uncommon(US),some suggest a form of blackmail? This is the 1st case of it's kind here,so hence a case setting precident.
As the Judge stated earlier,"The court is not an infinate resource".

A little like a no lose claim,where the costs outweigh a successful result.

I'd better gi to the bottom of the class,failure on the 50 word restriction?

in uk, cases can certainly be summarily dismissed and without right of appeal if deemed "vexatious" ..... whether that will prove to be the case here, i really have no idea.

quite surprised similar does not apply in usa

as many divorce cases have shown - and surely this too is a civil action - if you have deep enough pockets, then you have a right to take the issue to court

.

good point, but i wonder what the rules are for a judge to determine at the end of this episode whether or not EXC (or GKP) may be allowed or refused the right to appeal

.

no idea .... i am not a lawyer other than bar-room!

.

either or both :-) ..... i was too young for conscription!

http://gkpinvestor.proboards.com/index.cgi?action=display&board=analysis&thread=1775

http://usa.chinadaily.com.cn/epaper/2013-01/24/content_16169951.htm




Oil giant wants to buy 60% of Exxon Mobil stake for $50b, reports say

Chevron Acquires New Stake in Kurdish Oil License - Oil Official
PrintAlert
Chevron (NYSE:CVX)
Intraday Stock Chart
Today : Thursday 24 January 2013
By Hassan Hafidh
BAGHDAD--U.S. oil company Chevron Corp. (CVX) has expanded its presence in the Kurdish region of Iraq by acquiring a stake in a new oil exploration block, a senior official at Kurdistan's oil ministry said Thursday.
The deal builds on Chevron's two existing oil licenses in the region which were acquired in July from Indian conglomerate Reliance Industries Ltd. (500325.BY). The presence of Chevron, and other western companies like Exxon Mobil Corp. (XOM) and Total SA (TOT), has provoked protest from Iraq's central government, which says the Kurdish authorities have no right to grant exploration licenses.
"We are pleased that Chevron has strengthened its commitment in Kurdistan by acquiring a stake in another new oil field, Qara Dagh," a senior official at Kurdistan's oil ministry told Dow Jones Newswires.
Chevron was not available for comment.
The company and the Kurdish regional government have agreed on the terms of the deal but have yet to sign it, the official said.
The Iraqi central government has barred Chevron from having oil contracts in central and southern Iraq since the California-based company bought stakes in the two oil-exploration blocks.
(James Herron in London contributed to this report.)
Write to Hassan Hafidh at hassan.hafidh@dowjones.com

14:52
Re: simonfishybits: In court Thursday
Mandelsputin
25
Simon Fisherþ@simonfishybits

JG " I am sure you and Mr Wempen have aligned your evidence together"

----------------------------------------------------------------------------------------------------------------------------------

Ouch!

That's one hec of an accusation to throw at a supposedly impartial expert witness.

And I'm sure Gaisman didn't just chuck that out without some backing.

Looks like Clifford Chance have been aligning evidence from every quarter - writing the script, even.
-----------------------------------------------------------------------


5m Simon Fisher ‏@simonfishybits

JG "please focus on the question, I will keep asking it until I get a answer "
---------------

2m Simon Fisher ‏@simonfishybits

JG " if you are entering the factual arena you are expected to answer questions about it"
-------------


The words constructed and fraud are ringing out very loudly.

for whom is this chap Gaisman working ..... it does all get very confusing at times