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've just noticed the 50dma has crossed the 200dma,a Golden Cross,coupled with the days SPm,all looking positive.

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that is NOT a golden cross ..... BOTH (major) trend lines need to be heading north

Well said, not a golden cross no, also 50DMA crossing 299DMA!! Enough said.. If your going to chart then be sensible.

Elsewhere, shares in Gulf Keystone Petroleum (GKP) have suffered so far in 2013 amid protracted ongoing litigation between the company and its former partners. Even news in February of a new discovery at its Akri-Bijeel Block in the Kurdistan did little to excite the shares. However, with signs that the court action should be coming to end fairly soon (although a judgement may take some months), the stock has begun to drift higher over the past week. Gulf Keystone has big plans to drive its massive Shaikan field into development and production this year, and step up from AIM to the Main Market.

BREAKING NEWS. Parliament session starts with legal quorum.
06/03/2013 15:30:00

Baghdad/ NINA /--Parliament started its today's session this afternoon led by Speaker Osama Najafi and the presence of 168 members.

It is scheduled to approve the 2013 state budget, which was postponed voting on it more than once, because of lack of quorum. After being adjourned yesterday and the day before, due to lack of quorum.

The Kurdistan Alliance MPs are demanding include the budget $ 4.2 trillion dinars dues to the oil companies operating in Kurdistan region.

The House of Representatives has failed more than once to pass the budget either for lack of a quorum, or differences and dispute over some budget items. / End

http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GGIHHH

BAGHDAD / NINA / The MP, of the Kurdistan Alliance, Sharif Suleiman accused the state of law coalition of using the dues of the oil companies operating in Kurdistan politically in order not approve the budget, even though they are legal entitlements.

He said in a statement to the National Iraqi News Agency / NINA /: “The State of Law coalition took full responsibility not to approve the budget, and using the payments of the oil companies operating in the region was to earn the street by maintaining the public money as they think, but the opposite is correct. ”

Solomon added: “The payments of the oil companies is legal according to the agreement between the province and the center as long as they demand the Kurdistan region government to import 250 thousand barrels per day and add them to the state budget, so they have to add these dues of the oil companies in the current year budget.

It is hoped that the House of Representatives is to vote today on the approval of the budget of 2013, which was postponed more than once, as the Kurdistan Alliance calls to include $ 4.2 trillion Iraqi dinars in the budget as dues of the oil companies operating in the Kurdistan region. “/ End

LINK

http://www.eenews.net/public/energywire/2013/03/06/1

http://www.reuters.com/article/2013/03/07/iraq-budget-parliament-idUSL6N0BZDJ320130307

, March 7 | Thu Mar 7, 2013 9:19am EST

(Reuters) - The Iraqi parliament passed the country's 2013 budget on Thursday despite a boycott by Kurdish members, a Kurdish MP said.

"None of our demands were included in the budget," said Kurdish MP Rawaz Khoshnaw. "We didn't attend the meeting."

http://www.iraqinews.com/baghdad-politics/ka-quot-kurdistan-not-to-commit-to-oil-exportation-hereafter-quot/

Baghdad (IraqiNews.com) -The Kurdistani Alliance announced on Thursday that “The Kurdistan Regional Government will not commit to the exportation of oil from now on, and will resort to the economic independence away from the central government.”

MP Muhsen al-Saadoun of the KA stated in a press conference in presence of the KA’s MPs “The article No. 112 of the constitution grants the Kurdistan Region authority to run its oil sector, so the Region will not adhere to the oil export and will be economically independent.”

“We have the right to appeal some of the federal budget’s items at the Federal Court,” he added describing not including the item of the dues of the oil companies working in KR within the federal budget of 2013 as serious step, especially since there are important oil companies working in Kurdistan Region.”

jayk94 iii

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I was lucky enough to be on an investor call with John B. Gerstenlauer and made some notes, this is what he had to say about the pipeline:

Kurdistan
The Oil Minister in a recent presentation promised that Kurdistan would have production levels of 1M barrels per day by the end of 2014, of this figure 150k per day is ear marked for Shaikan field and this is the number that GKP are aiming for. From PF1 and PF2 they will be producing 40-60k a day by end of this year. To ramp up to 150k per day they will need PF3 and PF4 to be built and also a pipeline to Turkey.

Pipeline
There is currently a working pipeline on the Turkish border that GKP could use to ship 70k per day but if they want to hit the 150k that the KRG are targeting then they need their own pipeline. The capital expenditure needed for PF3, PF4 and the pipeline is in the region of $800-900M. This will be around 100m day 1, 100m at the end and the rest in a fairly straight line. This will be mainly paid for by cash from exports. if PF1 and PF2 are producing 40k per day that is $1.6m profit per day, so over Q4 this year and the whole of next year that is $728M (majority of what is needed). The was emphasis on the fact that they are moving away from equity to raise funds and that bonds are the most likely way to raise the remaining money. Obviously cash flow of 1.6m a day makes this a much easier proposition to raise.

Decision
The decision on whether to invest this capex will be taken in the summer, they just want some assurances that oil exports are being paid for by iraq govt as there have been delays recently but agreement seems to be close ($3.6Bln currently owed in arrears). If other players in the area are being paid and our 40k per day is being paid they will press on. One cautionary note they raised was that cash for domestic oil is quick but can typically be a 6mth wait on cash for exports so potential will need the bond raising to cover the shortfall in cashflow. Again though, dilution unlikely.

My overiding feeling after the call was that i have never been more confident about my investment in GKP

http://www.iraqinews.com/baghdad-politics/mahdi-endorsing-budget-without-kurds-approval-to-eliminate-accord-principal/#ixzz2MwGRa1uN

Mahdi: Endorsing Budget without Kurds’ approval to eliminate accord principal



Added by Ahmed Hussein on March 8, 2013.
Saved under Baghdad Politics

mahdi endorsing budget without kurds approval to eliminate accord principal Mahdi: Endorsing Budget without Kurds approval to eliminate accord principal

Baghdad (IraqiNews.com) -MP, Ruz Mahdi, of the Kurdistani Alliance assured that endorsing the Budget law without the Kurds’ approval will eliminate the principal of the accord.

He stated to IraqiNews.com “It is very critical issue to endorse this law without considering the opinion of the major community of Kurds.”

“This will ruin the previous cooperation and coordination between Kurdistani Regional Government and the Federal Government,” he added.

“This comes after several attempts by the State of Law Coalition to force Kurds to accept certain issues which is totally rejected,” he mentioned.

“KR has the right to deal independently concerning the economic issues from now on after neglecting its demands over the Budget law,” he concluded.

Read more: http://www.iraqinews.com/baghdad-politics/mahdi-endorsing-budget-without-kurds-approval-to-eliminate-accord-principal/#ixzz2MxHFqfTD
Follow us: @IraqiNews_com on Twitter | IraqNews on Facebook

8 March 2013



Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")



Litigation Update





Further to the decision of the English Commercial Court in London, as detailed in the Company's announcement of 18 February 2013, a payment of £4,700,000 has been made into Court by Excalibur Ventures LLC ("Excalibur") as security for the costs of Gulf Keystone and two of its subsidiaries (the "Companies") of defending the legal action commenced by Excalibur in December 2010. In total, Excalibur has paid £10,700,000 into Court as security for the costs of the Companies, including the payment made in April 2012.



Excalibur has also made a payment of £3,300,000 into Court as security for the costs of Texas Keystone Inc. In total, Excalibur has paid £6,800,000 into Court as security for the costs of Texas Keystone Inc., including the payment made in April 2012.



In addition, further to the decision of the English Commercial Court to award costs of the hearing on 15 February 2013 to the Companies and Texas Keystone Inc., interim payments of £50,000 and £40,000 have been made by Excalibur to the Companies and Texas Keystone Inc. respectively.



The trial in the English Commercial Court of all the claims asserted by Excalibur, which were vigorously disputed and contested by the Companies in the course of the trial, was completed on 1 March 2013. The Judge will give his decision in a written Judgment, the completion of which may take in excess of three months due to the size of the case.



The Board of Gulf Keystone will provide further updates in due course.

http://www.ekurd.net/mismas/articles/misc2013/3/state6912.htm

http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Furagency.net%2

http://gkpinvestor.proboards.com/index.cgi?board=analysis&action=display&thread=1873

Gulf Keystone Petroleum Ltd has had another impressive year-Shaikian things up
Posted on: Mar 15th, 2013 - 5:21 amhttp://www.directorstalk.com/gulf-keystone-petroleum-ltd-has-had-another-impressive-year-shaikian-things-up/

have you got fed up with being tom wilson??

http://www.directorstalk.com/should-you-buy-gulf-keystone-petroleum-limited/

Should You Buy Gulf Keystone Petroleum Limited?
Posted on: Mar 15th, 2013 - 12:47 pm

Give it a rest.

he's obviously another of these damn spam/advertisers which i hope ian will banish very quickly

15
Mar 2013
3:46 pm
Donald Trump’s remedy for America: oil from Iraq to ‘pay ourselves back’-The Guardian
http://www.directorstalk.com/donald-trumps-remedy-for-america-oil-from-iraq-to-pay-ourselves-back-the-guardian/