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.

Via iii.
More from IR

Just phoned GKP IR and said that I and others were confused by the wording of recent RNS. IR explained that the wording was formalised by lawyers to ensure its validity in all jurisdictions including US.

I explicity asked these key points:

1) Is the bond fully subscribed and monies received?

From IR's response it would appear that the term "priced" with regards to bonds appears to mean that they are subscribed. In other words there are investors who have bid to buy them at that price. And that therefore "...has priced a debt offering of US $250m" means it is fully subscribed!

Payment should be received by the settlement date 17 April, when they will issue another RNS confirmation as they did for the convertible bonds.

2) Are the bonds trading on the Luxembourg bourse?

Yes. They are already trading from the trade date (8 April) on the Lux bourse under the codes provided by the book-runner DB.

(However, using the codes RegS bond: XS1056559245 / 144A bond: XS1056559088, I couldn't find them on the Lux bourse!! e.g. using
hxxps://www.bourse.lu/instrument/searchresults?searchtype=securities&code=XS1056559088&typeValeur=-1)

3) Regarding the Stabilisation RNS, are DB stabilising the share price or the bond price?

This is a technical issue, and a mandatory requirement. Questions would need to be addressed to the book-runner.

However, when I pressed the point, IR stated that this notice was nothing to do with the share price.

I hope that helps to clear up some of the confusion.

I must admit, overall I am very disappointed, as I had expected a significant sp rally when the "funding was sorted". In other words I thought the recent falls were due to fears about funding running out and debt financing not being forthcoming.

Good luck all investors.

SilkStillDreaming

News tomorrow of the funds.
---------------------------------------------------------------
This from a poster who tracks the oil tankers.
================================================


The report that KRG stored pipeline crude is being exported from Ceyhan might be true.

This morning there were four tankers waiting Ceyhan cargoes moored just outside Iskenderun Bay. Now there's no sign of three of them. Also the Russian cargo ship and trawler moored amongst them have disappeared off the tracker system.

If I had decided to start exporting KRG pipeline crude I'd probably try and do it without drawing attention to tanker movements, so I'd switch off the vessel transponders.

The Russian connection is that they used ships for spying during the cold war, and old habits die hard. I'm sure KRG exports are of interest to a fellow oil exporter. (We modified an ex-Russian ocean going tug into a Oil Support Vessel in the 1990's which had a 'spy room' that even the Captain had not been allowed into).

Iraq News Warnings of foreign companies in Iraq to a mass exodus
04/17/20140 Comments

Picture
BAGHDAD - "arenas of Liberation"
Specialized experts warned that Iraq will stand embarrassed in front of the foreign companies operating in the country that will face the great migration to future investment companies. U.S. oil giant "Exxon Mobil" has decided to liquidate its business in Iraq The director of the "media center" economic, Dargham Muhammad Ali, "The delay in approving the financial budget for the year 2014 will lead Iraq into an awkward position in front of foreign companies operating", adding that "most of the companies involved did not receive financial dues so far, what will drive them to a mass exodus of sites and work legally claim entitlement of Finance. "
"The failure to approve the budget would hurt the reputation of Iraq, and will reduce the confidence of global corporations financial device of Iraq," adding that "the World Bank will reduce the rating of Iraq as a state-funded sovereign Iraq as a result of the financial situation is stable."
http://goo.gl/dZ4xf3

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16:40 Re: Exxon Pulling out of non-Kurd Iraq?? Rcmacf 8UP Look at this: HTTP://www.empireiraq.com/ See the four towers around the central tower? I hear XOM are taking one of those in its entirety. Above is from Rcmacf on 3i who has been on the ground in Kurdistan, and I think transferring there with work, Each of the four towers around the centre have 22 floors, you dont plan to take a whole building like that before you have started exploration drilling.
16:40
Re: Exxon Pulling out of non-Kurd Iraq??
Rcmacf 8UP
Look at this:
HTTP://www.empireiraq.com/

See the four towers around the central tower? I hear XOM are taking one of those in its entirety.

Above is from Rcmacf on 3i who has been on the ground in Kurdistan, and I think transferring there with work,
Each of the four towers around the centre have 22 floors, you dont plan to take a whole building like that before you have started exploration drilling.

A lot of claim and counter claim this Bank Hopiday,what effect that will have on te SP,we will soon know.

With MOL due to repprt on the 24th,it will be interesting to see how their updated
figures on AB stack up against the recent CPR? MOL stringly disagreed with the very conservative low ball OIP estimate,again not long to wait.

If as MOL suggest the figures are way uff the mark,what will that say about the CPR's
overall reoprt?

">

bad estimates have more strength than good ones, will go back in @20k bopd ?

From a trusted pi.
Had a chat with Anastasia recently.

She quoted almost verbatum from the email sent to m5, `unfounded + misleading` and also mentioned `armchair geologists`- wonder where she got that from. She aslo said they couldn`t RNS for every bulletin board criticism . She suggested, as I thought she might, looking again at the CPR presentation for definitive explanation of what GKP think is occurring.

SA-3 is testing the Jurassic. and SH-7 is expected Q2. Payments are only due about now in the `cycle` ie 3months after the first of the 5 loads that were exported...

Producing 15k-16k form PF-1.


--------------------------------------------------------------------------
htTp://ir.mol.hu/sites/default/files/MOL%20Plc%20Annual%20General%20Meeting%202014%20Proposals.pdf

Something is happening today

after the Intraday retracement I got some at 92.50p
THERE WAS A 61.8% INTRADAY RETRACEMENT AT 92P
and a double bottom at 84p during the last 4 day

Kurdish oil export to world ‘starts in May,’ Arbil and Ankara declare

Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani said they will start exporting oil as of May 2 – with or without the central Iraqi government’s consent, speaking in an interview with Iraqi news outlet Rudaw.

“We have stored oil there and on May 2 we will start selling it,” the Kurdish prime minister was quoted as saying in the interview reported on April 28.

Turkish Energy Minister Taner Yıldız on April 29, one day after Barzani’s interview, confirmed the announcement, saying the Kurdish government may start selling oil in May.

“This oil belongs to Iraq; they may begin its export in May,” he said, answering reporters’ questions in Norway, where he went to meet with several representatives of the energy sector.

Read more: hxxp://gkpinvestor.proboards.com/thread/4891/kurdish-export-world-starts-arbil#ixzz30Gvw9ogA

Also strong on the US / OTC

http://www.gulfkeystone.com/media-centre/video-library

Taken from yesterdays 2013 Annual Accounts - Reserves and resources upside

With the potential to add significant further upside to reserves and resources we hope to obtain and evaluate results of the Shaikan-7 exploration well, currently targeting deeper Triassic and potentially Permian horizons in the Shaikan block, we plan to side-track the original Shaikan-6 appraisal well to allow better understanding of the oil water contact levels in Shaikan. Subject to the results from Shaikan-7 we will need to prepare a review of the Shaikan FDP to include Cretaceous, Triassic and potentially Permian developments. We will continue to appraise the Sheikh Adi discovery and target additional exploration prospects on the block while we make decisions regarding early production and development.

Another good rise today as it reaches 98.50p +4p

the 5 days chart looks very good on a incline rise since the 28th

TK to go?

http://news.sky.com/story/1253465/oil-firms-controversial-chief-heads-for-exit

http://uk.reuters.com/article/2014/05/01/gulf-keys-petr-ceo-idUKL3N0NN4UB20140501

Has gone over 100p now

Since late yesterday there was Talk of diretors revolt once again

Well at least the SP is responding,102p+,would be nice if we finish above £1.

if TK goes, that has to be good for the credibility of the company for he's nowt but a very greedy maverick cowboy, and it's a reasonable bet that there's someone with city credibility already lined up to replace

Spiking up, shareholders like the idea of a change at the TOP it seems, but punters are piling up on the stock at the moment

104.50p is a good omen

Tend to agree,he has been a little generous with his rewards.the fear is the reason for this campaign,is it to present a better picture to the city,or a way of removing an cobsticle for selling on the cheap?

hit 107p,so a deffinate change in sentiment.

16:35:14 102.00 110,143 UT 101.00 102.00 Buy