Updates

Gulf Keystone Petroleum

June 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares have been buffeted by news that First Calgary has failed to find an outright buyer to help develop its Algerian oil field and some shareholders shying away from Evolution oil stocks following the Regal debacle. Newsflow this month included results and also that Gulf has signed further exploration permits, taking the total to nine blocks and making Gulf the second largest acreage holder in Algeria. The results themselves were not relevant as there is as yet no turnover although Gulf has submitted for a production licence for its GKN field which is likely to come by the year end. Net loss was US$3.6m for the year with overheads of US$5.5m. Net cash stands at US$89.9m.The GKS-3 well has jus ...

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Sondex

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Gulf Keystone Petroleum (September 2005)

Gulf Keystone - Shares soar ahead of imminent exploratory well drilling (August 2005)

Gulf Keystone - New Algerian licences won (May 2005)

Gulf Keystone - Evolution issue research note (February 2005)

Gulf Keystone - Awaiting Evolution note in next week (December 2004)

Gulf Keystone - Exciting prospect for 2005 (November 2004)

Gulf Keystone - Algerian oil and gas debutant (September 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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