Looks like not many people are likely to post in here.. I can use it as a sort of blog then.
'Patience and steering a good course could deliver handsomely for GKP. I'm not afraid of further dilution while currently at £59m m/cap. (You only have to look at WZR at £220m/£60m cash = a valuation without the cash at £160m - ie more than 3 times GKP valuation. (GKP have at least the option of other assets to sell whether they realise a sale or not - WZR don't.)
Both chasing similar amounts of oil. Both with nothing more than oil shows at the moment while WZR are on their 2nd well.
I've no doubt that GKP have engineered themselves into a great position on acerage with 7-8 billion barrels in place potential. I think there's a good chance to pull in similar reserves to DNO from this kind of acerage over time.
You simply won't get that potential anywhere imo, where £20 - £50m m/cap companies might be drilling a 20 - 200 mmbo oil prospect with perhaps a few years to production if successful. Here's it's in the billion barrels league with potentially very high well rates and an early route to market and over 200,000 trucks involved in oil/oil products transportation in/out of Kurdistan. It's undoubtedly the biggest potential around for any small company. 80% drilling successes, low lifting costs, early route to market via truck. It's stated that the Zagros fold belt holds around 10% of the words oil reserves.
Of course many political things to sort out, but again if others like what they see, then the likes of GKP and others may be snapped up long before that if they find partial success. Who knows what interest from other comapnies might be generated on looking at Shaikan 1 results now that 20 API oil has been shown.'
not my words, but i'm in GKP now. fingers crossed