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.

Staggering increase but still way undervalued.....worth more than 200p with what looks like a minimum of ten billion barrels in the ground and it could be a lot, lot more...if the blogs above are anything to go by...quite fantastic really.....

Well the momentum is certainly with GKP,with half yearly results due on wednesday
next week could be breathtaking? I feel the management are pushing this,so perhaps some articles over the w/end.

A lot of buys after the bell.

http://thesharehub.com/

Make of it what you will.


Post on iiii


Sinopec are in talks with GKP regarding Shaikan
They have been on site within the last 12 hours

Monday will be fun....


An answer to another poster who asked him how he knew this


links to security team at site in Kurdistan
You should see some good stuff in the Sunday papers!

yep heard the same - next week should be 'turbulent' would expect more northerly movement - personal target 4 to 5 then top slice - should easily surpass this in time imo
held up v well today despite profit taking etc

I was thinking pump and dunp? Look at RXP's chart of late,don't believe all you read?
This post is woryh considering?

The Board of GKP are in Saint Petersburg so I guess it is extremely unlikely that they have flown off and left a lot of Chinks to kick the tyres at Shaikan

We don't need made up rumours to drive the price up - the bare facts themselves are good enough

Everyone knows that the "beauty parade" that has not been denied as going to take place soon, is going to happen.

Lots of companies are now looking at Shaikan and will then later attend the presentations by GKP (the so called "beauty parade").

Yes, there are no talks no, but also Yes, Sinopec and others are doing their research and groundwork ahead of when the action kicks off.

my target sp is based on what i see as minimal value for gkp's assets which are huge - the main hold up has been the location of those assets, infrastructure (lack of) tribal in fighting and politics all of which are gradually being concluded - plenty of interest in gkp that is well known just hope they dont sell out too cheap
rxp - not even in the same league - saw what was happening there and stayed well clear - same thing happens there every few months very volatile - feel sorry for anyone suckered in at high sp then locked in for goodness knows how long - rxp ok to buy cheap when it sinks even further for next sucker rally but no way is it in gkp league

have a good weekend all

If you want to see the Bekhme-1 rig, watch this recent video featuring it (video is from MOL, who are the operator)

https://www.youtube.com/watch?v=X5o_TIdEQdA&feature=related

.

http://www.thetimes.co.uk/tto/business/markets/article3160059.ece

"Nothing new, but there were also reheated rumours of takeover interest in Gulf Keystone Petroleum, a firm favourite among the inhabitants of financial chatrooms. That, despite a denial of any such talks by the Iraqfocused oil explorer less than a fortnight ago. Still, the shares were 6p better at 156p, as other private investors backing the company whispered that a positive drilling update would come."

Original article

http://www.kurdishglobe.net/display-article.html?id=6D891438EB6306836FCD3E45E4B74525

Short extract:


Kurdistan Region President Massoud Barzani emphasized once again that
Kurds will not accept remaining within Iraq if the Constitution is sidelined. He warned the Iraqi government not to ignore Kurdish demands and announced upcoming negotiations.

A delegation from the Kurdistan Regional Government, headed by its Prime Minister Barham Salih, will soon visit Baghdad, announced Barzani.

"This time it is serious. We have to understand whether Baghdad [government] is sticking to the Constitution and the agreements," said Barzani, referring to the 19-point agreement according to which the Kurdish parties allied with Iraqi Prime Minister Nuri al-Maliki in the current government. "Then afterward, we will inform our people about the results [of this visit] and will take any necessary decisions."

hi sinbad, from a kurdish blogger(you're probably aware of him) and he's happy to answer questions you post on his blog...........

These activates can only be an indicator that interest in the region is on the up and investors are cottoning on to the fact that the KRG would not budge to Baghdad. It is also becoming apparent that KRG will make sure the PSCs it has awarded will be honoured as failing to do so make KRG irrelevant

http://kurdishviews.blogspot.com/2011/08/pressure-is-mounting-on-kurdish-pscs-as.html

False reports on suspension of oil export from Kurdistan

The Ministry of Natural Resources of the Kurdistan Regional Government would like to state that there has been no policy decision for suspending oil exports from Kurdistan via the Iraq-Turkey pipeline.

and also on the KRG official website -

"Therefore, all the false assumptions and accusations of export suspension should be totally discarded."

http://www.krg.org/articles/detail.asp?anr=41441&rnr=&areanr=60&smap=02010000&lngnr=12&utm_source=KRG&utm_medium=KRG.org

yep - what rumours some people try to put out - the biggest danger is some maniac bombing the pipeline - no export suspension though
gl

Suggest in the coming 6 to 9 months markets are going to be strong (ignoring the short term rumour dominated volatility).

http://www.bloomberg.com/news/2011-09-08/insider-buying-highest-since-2008-in-europe-chart-of-the-day.html

Insider Buying Highest Since 2008 in Europe: Chart of the Day

By Adam Haigh and Tim Barwell - Sep 9, 2011 6:00 AM GMT+0700


More executives at European companies are buying their stock than at any time since the worst period of the financial crisis in 2008.

The CHART OF THE DAY shows that insider buying of shares climbed in August to its highest level since October 2008, according to data compiled by Citigroup Inc. That preceded a 84 percent jump in the benchmark Stoxx Europe 600 Index from March 2009 to the gauges peak this year on Feb. 17.

Directors have a good ability in timing the market, Chris Montagu, a London-based quantitative strategist at Citigroup, wrote in a report dated Sept. 6. One can conclude that, at this juncture, directors see current valuations as an attractive entry point.

The benchmark Stoxx Europe 600 Index slumped 16 percent from the end of July through Sept. 6 when the gauge reached its lowest level since July 2009. Equities tumbled amid concern that global economic growth is slowing as the European sovereign-debt crisis spreads. The indexs valuation slid to 9.1 times the estimated profits of its constituent companies during August, the lowest price-earnings ratio since March 2009, according to data compiled by Bloomberg.

http://www.thejakartaglobe.com/business/21b-deal-may-spark-oil-fight-in-iraqi-last-great-frontier/464739

Comment from EK.


"I bought yet more Gulf Keystone (GKP) at 163.5p on Friday. However one looks at it this Vallares deal with Genel sets the benchmark. I am told that were it replicated at Gulf Keystone the share price would be north of 4. As it happens I am also told that 8+ is much more like it. In today's market punters are hesitant to get stuck in. But they will."

What a great day,over 11.5m on the KSE and 170.5p fin,brealing the chartist
golden cross.

Indeed a great day for GKP.

Onwards to 200p soon.