GKP

Well i did make that call, but don't make me too happy, Sir Richard...
I actually got stopped of that trade!!! Doh!! LOL!!!
I moved my stop up to b/e, a bit more patience would be help me a lot, lol...

Bought back in ths morning, so missed some of the rise, but it looks good for now.
I've had great run with this and Afren, so happy days atm...

ATB
Trendfriend.

Congratulations on your call TF ,,,with the 12 month low taken out recently that was a brave call ,,,I would love a back test of the long term t line at 50.80 ish in the next couple of days but that looks quite far away at the mo ,,,,, well done

Massive gap up!!!
This should hit the 200 day ema @ about 70p, that looks to be the next target here.

If it clears that, it could go bonkers imho.....

uk.advfn.com/p.php?pid=chartscreenshotsh...ZNrg=&symbol=L%5EGKP

Regards,
Trendfriend

Do you mean this "buy" signal??

RNS:

www.investegate.co.uk/gulf-keystone-petr...201502250925248208F/


Wednesday 25 February, 2015
Gulf Keystone Petrol
Strategic Update
RNS Number : 8208F
Gulf Keystone Petroleum Ltd.
25 February 2015






Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.









25 February2015



Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone" or "the Company")

Strategic Update

Further to the Company's RNS of 6 February 2015, Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, is announcing today that it has recently engaged in discussions with a number of parties in relation to possible asset transactions or a sale of the Company.

Stakeholders are advised that these discussions are preliminary and, as such, there can be no certainty that any offers will be received and any transaction concluded, or any certainty as to the terms on which any offer might be made. Further announcements will be made by the Company as and when appropriate.

As at today's date, the Company's cash balance is US$69.3 million and it has been informed that a further US$26 million gross payment (US$20.8 million net to Gulf Keystone) for Shaikan crude oil sales has been received by the Company's bank and is expected to be credited to the Company's account shortly.

Concurrently, and in view of strategic discussions and its current liquidity position, and with the intention of meeting its existing debt payment obligations, the Company is undertaking a review of its financing options and in that context will engage in discussions with its key stakeholders.

The Company has appointed Deutsche Bank and Perella Weinberg Partners as financial advisers.

Enquiries:



Gulf Keystone Petroleum:


+44 (0) 20 7514 1400

Anastasia Vvedenskaya, Head of Investor Relations







Deutsche Bank


+44 (0)20 7545 8000

Cathal Deasy



Charles Wilkinson



Reid Payne







Perella Weinberg Partners


+44 (0) 20 7268 2800

Philip Yates



Tanguy Rivière



Alex Andreichuk







Media Relations and Financial PR Adviser:


+44 (0)20 7520 9266

Mark Antelme







or visit: www.gulfkeystone.com

30% up already.

Buy signal maybe approaching?

This might change the drift???


news.sky.com/story/1433665/oil-group-gul...to-signal-sale-talks


By Mark Kleinman, City Editor

One of London's most controversial listed companies will effectively put itself in play on Wednesday by disclosing initial takeover discussions with potential buyers.

Sky News can reveal that Gulf Keystone Petroleum is poised to say that its board is considering a sale or merger amid protracted talks with the Kurdistan Regional Government (KRG) over delayed payments for oil exports.

The news may pave the way for an end to a torrid few years on the public markets for Gulf Keystone, which has fought a succession of battles with institutional shareholders over pay and corporate governance.

Its former chief executive, Todd Kozel, stepped down from the role last year following hints of a further revolt by leading investors.

The company's shares have slumped by more than 75% during the last year, valuing it at just £322m.

Deutsche Bank is understood to be advising the company on its options, according to City sources.

A sale of Gulf Keystone is by no means certain, although it is likely to attract interest from possible buyers including rival oil explorers in the region.

Earlier this month, the company said it was suspending exports while it held discussions with the KRG's Ministry of Natural Resources about outstanding payments "and establish a stable payment cycle for export crude oil sales in the future".

John Gerstenlauer, Gulf Keystone's chief executive, said at the time that it was "taking a prudent approach to its capital expenditure in 2015 [while] a number of longer term financing options are currently being progressed by the board".

London-listed oil companies have been hit hard by the fall in the price of crude, with Afren among those which are facing urgent restructurings as they buckle under the financial strain.

Another Kurdistan-focused group, Genel Energy, which is run by Tony Hayward, the former BP chief executive, has also been impacted by the payments delay, although it has a much stronger balance sheet.

The ongoing unrest in Iraq has been a significant factor in obstructing payments for oil exports as the KRG has devoted resources to countering incursions by Islamic State insurgents.

A Gulf Keystone spokesman declined to comment on Tuesday.