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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

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Here are some share tips for you to look into as an investment

BUY

Bglobal (BGBL) are a meter specialists and have recently had money problems but that is now resolved after sorting out their debt issues.  This will now allow them to concentrate on increasing their installations brining in more revenue.  The shares have been rumoured to rally according to publication “Shares”

Price 16p

52 Wk High – 34p | 52 Wk Low 8p

BUY

Ithaca (IAE) is an Oil firm that has recently negotiated an asset deal with Dutch firm Dyas.  This now makes the firm debt free with a large amount of cash.  This is one to watch out for according to Investors Chronicle.

Price 36p

52 Wk high – 134p | 52 Wk low – 11p

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SELL

Marstons (MARS) This company is pub operator with £1.3bn net of debt.  The dividend has also been cut.  They had a turn around strategy which seems unconvincing.  This company has a rocky future ahead of it.  This has been named as a SELL from Investors Chronicle.

Price 91p

52 Wk high – 238p | 52 Wk low – 81p

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The following Share Tips are from a number of sources we have found that we want to share with you. Much more tips will be coming to our members section soon once development has finished:

Cisco Systems (CSCO) – This firm makes networking hardware for computers. A forward p/e of 15.5 is “relatively cheap” considering that technology spending now appears to be stabilising. – current price $18.57 – year High $25.25 year low – $13.61

Elementis (ELM) – This chemical firm has “undeservedly lagged” the rally in its sector. Volumes have stabililsed, indicating that a recovery may have begun. Buy ahead of the catch-up – Current price 28p – year high 91p year low 22p

Modern Water (MWG) – This company has yet to make a profit, but that should change dramatically as its desalination technology is more widely adopted. Its a bit of a punt for the brave. Current price 44p – year high 105p year low 26p