Over recent months the FDI in Iraq has jumped 241% to $156.7 Billion.

The foreign Investment in Iraq from around the world has been as follows:

2009

UAE: $37.6 bn

S.Korea: $24.7 bn

USA: $22 bn

UK: $10.5 bn

Lebanon: $10.1 bn

The biggest jump has been made by oil and gas.  Since 2003 it was real estate.  But since their 1st and 2nd oil licencing rounds have made a dramatic increase in the countries revenue and investment.

Energy investment into the country has been $73 billion so far this year.  You may remember i previously wrote about a company called Gulf Keystone (GKP) which has established itself in northern iraq back in 2007 and is taken advantage of Iraqs energy supply.  Last week it was annouced that it found oil, which is predicted to be between 12 and 15 billion barrells of Oil.  The shares have increased dramatically the past several months from lows of 0.03p earlier this year to a year high of £1.24.  Currently trading today at around £1.12

A recent interview on CNN with exectuive chairmen Todd Kozel was quoted in saying “In Kurdistan we have discovered about 25 million barrells of oil a day for a $30million dollar well, our 2 current projects combined in Algera are $70 million barrels to our interest”

They will need $120 million cash injection to help fund their ongoing project.  Todd Kozel has said “we are pretty much the most popular guys right now, we have all the attention we need right now, our institutional share holders are very supportive and thats where we will probably where we will go to raise that capital”

In 6 months time Todd reckons “initially Gulf Keystone will be an independent company but later down the line it will be more difficult to keep up with it financially HR, Technology, Engineering.  Weve got hold of something that is as big as Gulf Keystone right now but we are growing into it quickly”

Gulf Keystone Petroleum is currently digging for oil in Iraq’s Kurdish region at a well called the Shaikan-1 exploration.

For the past few months the share has gone from 0.05p back in March 09 to a year high of £1.24 just recently.  The share is currently trading at £0.9650

The reason for the very large jump is due to them finding oil and estimate to have found upto $4 Billion barrells of oil.  They are still at the early stages of their drilling as they still have 3 other very large sites to drill and no doubt they will find more oil.

Another similar company which has had similar success is Heritage Oil (Hoil) currently trading at £5.41 which are following a very similar pattern and alot of investors are predicting similar levels for Gulf Keystone.

There are also several rumours spreading around of a possible takeover from the Chinese as they are rich hungry for Oil due to their ever increasing growth and have been rumoured to be in talks with GKP with a possible take over bid, but nothing has been annouced.

This share has been heavily discussed the past month on many discussion boards as the best share to be in as anyday soon this could be the share that could make anyone a great return on their investment especially if they keep finding more oil.

So to wrap up put Gulf Keystone on your watch list or make sure your not out of this share as any day soon this will rocket.

Currently the target price is £1.75

As with all my share tips please do your own research