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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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