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.

Totally wrong, you learn by your own mistakes, taking a 300% profit
is not wrong, listening to the crooks who ramp day in day out on advfn
is wrong, infact it's the worst of the worst !

Not saying you should take notice of me but have a look at GGP

Nice rise this morning.

something must be going on behind curtins....bid/TO????

Shares in Gulf Keystone Petroleum rise 13 percent after a report says the Kurdistan-focused oil explorer is looking at moving to London's main market from the junior market in the first quarter of 2011.

'It just helps the overall story which is a maturing company, that if it does need money then there's certainly a greater pool from which Gulf Keystone can access those funds,' says Daniel Stewart analyst Richard Nolan, referring to the fact that the company will likely need to raise additional funds to help develop all of its reserves.

The explorer would join the FTSE 250 mid-cap index of companies if it moved to the main market now, says the report in the Sunday Telegraph.

To read more please click on

Reuters messaging rm://sarah.young.thomsonreuters.com@reuters.net

Kurdistan Operational Update



Gulf Keystone Petroleum Ltd., an independent oil and gas exploration company, today provides an update on its operations in the Kurdistan Region of Iraq ("Kurdistan").



Shaikan Long Term Test Facilities



The recently constructed production test facilities near the location of the Shaikan-1 discovery well in the Shaikan Block (75% GKP working interest) are being commissioned. Initial flow rates are low to allow facility commissioning and will be kept low, pending receipt of oil assay results which will assist in determining a domestic sales price and allow finalisation of the oil sales contracts. Facility commissioning, assay finalisation and sales contract negotiation are expected to take several weeks. Test operations are well on track to reach the previously announced year end target production rate of 8,000 to 10,000 barrels of oil per day ("bopd").



John Gerstenlauer, Chief Operating Officer for Gulf Keystone said: "This marks the end of a seven month accelerated design and construction project to install the 18,000 bopd capacity facility and the beginning of a long term (18 to 24 month) production test of the top most reservoir in the Jurassic age section of the Shaikan well. This extended test of the upper portion of the Jurassic will give us valuable information on production characteristics, market logistics and oil sales procedures within Kurdistan. In addition, use of these prefabricated production facilities will serve as a model for future testing and production of other potential oil accumulations on our acreage."



Bijeel-1



Testing and evaluation are continuing on the MOL operated Bijeel-1 well in the Akri-Bijeel Block (20% GKP working interest). The previous announcement of a 3,200 bopd test already makes this one of the more significant discoveries in Kurdistan. Additional testing and evaluation work are still ongoing. However, the initial indication of the oil-water contact in this well is supportive of the concept of a single regional aquifer; this further supports the upside oil volume scenario for all four blocks in which GKP has an interest. In addition, it appears that the Bijeel structure could be a southern extension of the much larger Bekhme structure. The Bekhme exploration well is planned for late 2010 or early 2011.



Sheikh Adi-1



On Sheikh Adi-1, following the sticking of the bottom hole assembly at a depth of 450 metres and the necessary sidetrack to drill around the obstruction, the well is now at 500 metres which is the 20" casing point.



Shaikan-3



On the shallow Shaikan-3 appraisal well, near the site of Shaikan-1, the well is drilling ahead at 837 metres with the next casing point expected at 900 metres and the first zones of interest expected to be encountered soon after that.


cyril

great update!!! this should drive sp higher and higher

your chart is upside down!

Shares in Gulf Keystone Petroleum (LON:GKP) surged this morning on the back of rumoured stake building in the company. At 11am the shares were up 18.50p (+13.5%) at 155.50p.

Last week Gulf Keystone reported after-tax losses of $3.1m for the six months to the end of June - down from $5.6m last time. Executive chairman and CEO Todd Kozel said: "2010 has seen an unprecedented level of activity for Gulf Keystone. "Our extensive drilling programme is aimed at proving up last year's immense discovery, and we look forward to the first test production from Shaikan-1 in the coming weeks."

hey - you can't post old news like that and pretend it happened today!

Absolutely right cyners, not on that!!

it happened on 20th, and no one else posted it. i missed it. but mind you i'm downunder so old news to you in new news to me

Investors in the oil group Gulf Keystone have had a splendid few months, seeing the stock jump by more than 85 per cent, after Gulf hailed finds at its Shaikan block as transformational. The shares may not jump forward as they have in recent months, but the Independent still believes investors will make money. Buy, it says.
From ShareCast today.

23mln buy????

always unsettling when an executive director sells a slab of shares (333,333 of them)..... now we know why the fall over the last few days

in hind sight should have sold a few at the top and come back in now but no worries.,.

.

2 company sells in a period when they can---but they have sold exactly the same number as the options which they can take up when the sp went through 1.50. so it makes sense--Lord and Lady T are not made of money as we know from his record in the house!

loads going on in the near future....letting them go that cheap will prove to be a mistake.....the lord and lady must have bills to pay......

Looking good .....if only Sterling Energy could get lucky as well.....