Would be nice and those who've been in here a long time certainly deserve it! I'll probably stop trading it so much soon, or certainly do so with a smaller portion of shares! One of the reasons why i like spreading the risk around a bit, even though I'm mainly into oil shares - currently North Sea, Africa and this region - as can never tell what will happen (like we saw a couple of years back with the North Sea oil tax being announced). ATB.
Look back at the Todd US tele interview aswell - he clearly says Chevron on a slip of the tongue moment, something's afoot I think, a lot of big 100k + buys have been going thru lately , I think we will have some action before Xmas,
Interesting as well that they'll have a few quid spare given the recent developments with their North Sea project (or rather lack of any development for now!). As soon as i saw that the other day i immediately thought it could have positives for this region - didn't mention it on the other board as knew how well received it would be and what a lot of them think of GKP and Kurdistan in general!
Heavy oil experts? There must have been some incentive for them to enter Kurdistan when they did apart from explo blocks, and they were mentioned in the pipeline connecting SH and AB. BIR? AB sale? Or more? They seem quite prominent at the conferences going on aswell.
Remember this job advert for Chevron which said the location was 70km north and North East of erbil?
I originally dismissed the idea that it related to AB, thinking it was more likely referring to the Sarta block, but in light of the 2 new partitioned areas of the AB block showing in the presentation being to the north and North East of Erbil, maybe the Chevron job is for AB after all?
Check out slides 9 and 52 showing new block boundaries for AB.
The partitioned area of AB is bordering the Rovi and Sarta blocks which are operated by Chevron. Just speculation on my part, but maybe chevron are buying GKPs interst in AB, but rather than getting 20% of the block, they are getting 100% of the partitioned areas containing undrilled prospects leaving Mol with the remaining acreage which contain the Barkman and Bijeel discoveries??
Here's hoping for some news/clarification on this soon....
I emailed GKP on this matter and they replied to me, make your own mind up this.
With reference to your comment regarding “another long drawn out court case”, please remember that the Judge delivered his summary Judgment on 10 September 2013, dismissing all of the claims asserted by Excalibur Ventures LLC ("Excalibur") against the Company, its two subsidiaries and Texas Keystone Inc. (together the "Defendants") and deciding all issues in favour of the Defendants. The summary of the Judge’s decisions is publicly available at http://www.judiciary.gov.uk/Resources/JCO/Documents/Judgments/summary-excalibur-llc.pdf
This Company’s RNS issued on 11 November 2013 contains factual information and provides an update on two issues:
· The updated timeline for the Company’s move from AIM to the Standard Segment of the Official List of the London Stock Exchange given the Company’s belief that clarity in the Excalibur litigation process is important for completing the move-up process.
Oil Column: Kurdistan producers set for boost as pipeline exports near By Jamie Ashcroft November 23 2013, 7:00am Oil Column: Kurdistan producers set for boost as pipeline exports near As the prospect of significant Kurdistan oil exports nears and grey-area surrounding paymentsbecomes clearer, it appears that London listed firms Genel Energy (LON:GENL) and Gulf Keystone Petroleum (LON:GKP) could be set for a boost. Comments from Kurdistan’s energy minister Ashti Hawrami suggest that the transportation costs and contractor’s share of oil revenues will be the first call on the proceeds from exports via a soon to be completed pipeline.
I don't want to sound pedantic mate, but lets wait for December the 13th. You say the court case has been put to bed!! Well I want to hear what is said in court on that day before I put it to bed. If Excalibur can appeal (unlikely but I have not written that off just yet) then just imagine the impact on the share price. It could potentially drag on another 12/18mths. No FTSE listing till we get clean title. I am a GKP holder and want good news myself but with all the shenanigans over the last couple of years nothing would surprise me. Remember Todds message in the Independent "There will not be many PI's left holding come takeover" or words to that effect.
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