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.

My best guess at support is 85p if the psychological 100p fails... Batten down the hatches time.

Keep on selling.

i sold most this morning - really sickening
may well sell balance too

=========

which i have done
tried to short, but couldn't though perhaps could if i phoned up

truly dreadful month with this one and blnx
at least i didn't have mrw too

Seems that GENL has also taken a hit on the back of this, though much less severe.

iii--cheers

Next CPR update..April
aktierman

According to John Stafford, MOL will submit their FDP in Q2.

which will then add more to the CPR,which MOL confirmed yesterday.

So this latest CPR will already be out of date in a matter of weeks...!



Following currently ongoing geological assessment of the whole block submission of the Field Development Plan is due by end of April. An updated Total Original Oil In Place (OIIP) and reserve potential estimate of the block will be part of the Field Development Plan. Reserve potential estimates relate to Akri-Bijeel block in the ’Third-Party Audit’ material published today by Gulf Keystone Petroleum Ltd., with a cut-off date of 31 December 2013, is very conservative, does not calculate with the latest positive results and is significantly lower than the current best estimate of the Operator

that's somewhat clutching at straws, but on the basis that GKP won't actually fold, there will come a price - personal call - at which it's worth a punt

I can't really understand why it's dropping....of course we are a long way from proper production but there is so much oil in the ground heavy or not plus the exploration upside...but it looks like I bought too soon though most are only just above today's closing sp....can never tell : sharp rebound now down again...still think it's a super share though...I can't believe you've sold Cynic....really not the time.....can easily go back to 140 plus where it should be....Russia-Ukraine is not helping...

http://www.theguardian.com/business/marketforceslive/2014/mar/13/gulf-keystone-petroleum-reserves-estimates


"The company said:

In order to mover to the next stage of the Shaikan project execution, the company is making progress in its discussions on the near term debt financing options."

Would that involve dilution I wonder.
2517

From an knowkedgable poster.
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once more for clarity
in order to list some worthy accountant is going to have to sign off on a working capital statement
this in short confirms that the Company has sufficient working capital to meet its plans for the next 12 months plus 1 day ( with an appropriate margin of safety!)

So one can deduce either that there is an acceptable offer of funding on the table from a bank(s) or a number of very firm offers from interested parties

all we have to do is wait and see what funding is envisaged and what the terms are


Having watched the webcast again and read the CPR report it is clear that the requirements of listing and the process of " verification" has necessitated an ultra conservative approach

Might we be seeing also for the first time in public the effect of a new Chairman/NEDS on a gung - ho Executive team?

Fair point by he who dares on triple i:

Remember we have nearly $1bn in recoverable costs which are guarantee'd due to the fact that Akri-Bijeel, Ber Bahr, and Shaikan have all been declared commercial discoveries.....that is 2/3rds of the current share price.

Think cyners is telling porkies about selling all at a loss...........

Checking over the ytades since yesterday,roughly 50m/20m. So 70m traded,thats 35m sold which is less than 4%.Hardly a mass sell off?

http://www.thefiringroom.com/oil-gas/the-gulf-keystone-petroleum-limited-cpr-buy-in-or-sell-out/

i wish i was :-(

If the market reckons that the refinancing is ok ; then the sp will climb....it should be above 200p without any doubt....and I value it above 300p....anyway...I'm staying put until it comes right....even if it takes a few years...

as i wrote in 4746, there will come a time and price where risk/reward start to look very juicy

From the FT today:

'Cannacord estimated that GKP had $90m remaining, suggesting that cash would run "very low" by the summer.
The group's 9bn-barrel Shaikan development "looks smaller and more complex than before [and] we wonder whether the exploration-oriented GKP is best placed to carry through the field's development" the broker said.

Their analyst clearly didn't believe the answer to his question about the complexity (it was clear to everyone else that the complexity issue had been stated repeatedly before) and didn't understand that the volume hasn't reduced for any reason other than the adoption of much more conservative parameters.

I hope that it is a placing rather than a placing and open offer : because the placing could be higher than the present sp due to the number of new shares probably raised....in the present circumstances with Ukraine, market turmoil etc...not the best time to ask shareholders....

Got a little lucky with this one(for a change),after seeing a report for a market correction i sold 2/3rds of my holdings. Mind you i was a little mifed at the time,selling early doors(150p)only to see it rising back to 160p within hours.