BULL POINTS:
â– Encouraging Kurdistan acreage
â– Three exploration discoveries
â– Imminent export sales
â– Likely takeover target
BEAR POINTS:
â– Political risk
â– Oil law uncertainty
IC TIP:
Buy
at
124p
Shares in Gulf Keystone Petroleum have lots going for them. The company has just made its third oil discovery in the Kurdistan region of northern Iraq; its oil sales could reach substantial volumes next year; its largest exploration prospect could start drilling before the year end and the size of its discoveries makes it a likely takeover target.