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.

Fantastic news......P90 reserves of almost 5 billion barrels and perhaps a lot more.....makes up for my missing out on SOLO....

"We have always believed that the initial gross oil-in-place range for the Shaikan discovery was a conservative estimate that would increase as more information became available. This gross oil-in-place volumes revision by DGA, entirely supported by the Company's management and Board of Directors, confirms that belief. We eagerly look forward to additional drilling results from Shaikan-2, the soon to be spudded Shaikan-4 and the remainder of the Shaikan appraisal drilling program. EnqWe firmly believe that even with this upward revision the numbers for the Shaikan discovery are still conservative."

It's an exceptional discovery.....one in 25 years or so that comes along.....the only other one I can think of is the BG. discovery off the Brazilian coast...

And the full announcement.

http://www.investegate.co.uk/Article.aspx?id=201104140922299019E

Patience usually wins,
SA-2 result to come along with SA-4 spud

I would like to think that is is now worth a minimum of 200p...in fact I would give this a target of somewhere between 225p and 250p....and if they brought Shaikan into full production somewhere between 5 to 10..perhaps more....regardless of the Iraq risk...

Once the production permits are granted(???),then those type of figures become a real posablity?

but Mr P, who knows everything, reckons the shares are worth sweet FA!

Well to me this should climb further...(I hope)....I mean this is a huge amount of oil and GKP looks like a takeover target !.

Bound to be upgraded broker notes coming out....how could they not stick a strong buy on this ?....

Gulf Keystone denies paying for clients to attend strip clubs


Gulf Keystone Petroleum has denied that it paid for clients to attend strip clubs after its chief executive gave evidence in a US court that adult entertainment was "reimbursable".

London-listed oil explorer Gulf Keystone is one of Aim's biggest companies. Shares in the London-listed oil explorer, which is one of Aim's biggest companies, fell 2pc to 161p on Tuesday, following reports that its chief executive, Todd Kozel, had seen $100m (61m) of shares frozen in a divorce battle.

Court papers related to the divorce also claim that Mr Kozel was a visitor to the Windmill and Bourse Restaurant strip clubs and lavished spending on his clients.

He was asked by his wife's lawyer: "What did you spend $7,711.67 on at the Bourse Restaurant?"

Mr Kozel replied: "That's a strip club where we entertain our customers and company members, which is reimbursable by the company."

When the lawyer, Jeff Fisher, asked about a number of credit card bills relating to entertainment, Mr Kozel replied: "You're arguing over a whole bunch of Gulf Keystone that's responsible for this, my friend."

Mr Kozel owns around 40pc of Gulf Keystone, and he also has major interests in private companies Texas Keystone, Falcon Drilling and Falcon Partners.

GKP suddenly on a strong run against the trend ..... volume is over 5.25m, but i can't determine what average is

Ave, just under 5mil at 4.8 according to msn money.,.

thanks matey

Aye aye captun.,.

Wish we could say the same for AFR seems to be heading down hill.,.

Got a note reminder saying Shaken 2 TD june so could be working it's way up slowly for then, I hope.,.

A rare riser.....I seem to be in too many things at the moment.....come on the markets...it's not all doom and gloom...Man U are in the final....!.

"F" man U.,. lot of ballls if you ask me.,.

By Ben Van Heuvelen of Iraq Oil Report
Published May 6, 2011

Iraqs central government has made its first-ever payments to oil companies operating in the semi-autonomous Kurdistan region.

The triggering of the oil payments mechanism signifies the commitment to resolve the outstanding issues between Erbil and Baghdad in accordance with Iraqs Constitution, said Barham Salih, prime minister of the Kurdistan Regional Government (KRG), in a press release Thursday.

Wonder if they are now factoring in that the Kurdistan license issue might not be sorted for many more years ?

http://www.zerohedge.com/article/iraq-slashes-projected-crude-output-half-over-next-5-years

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