Updates

Gulf Keystone - Falls through stop-loss

July 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Gulf Keystone have fallen through the stop-loss of our Trader portfolio on the back of deteriorating sentiment, triggered by two particular events. The first was the collapse in the shares of oil e&p firm Regal Petroleum, not long after a large equity fund-raising was arranged by its broker, Evolution Securities, which also happens to be broker to Gulf. The second was the inability of First Calgary (like Gulf, another explorer in Algeria) in finding a buyer for its highly rated oil & gas assets. The shares may yet recover if Gulf's ongoing drilling program yields positive results, but we are dropping coverage for now. Sell. ...

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Clarkson - Optimistic outlook

Burren Energy- Hits production target seven months early

Gulf Keystone (June 2005)

Gulf Keystone - Awarded two new blocks in Algeria (May 2005)

Gulf Keystone - Evolution issues 24 page note (March 2005)

Gulf Keystone (February 2005)

Gulf Keystone - Packed oil drilling program in '05 (December 2004)

Gulf Keystone Petroleum - Drilling hopes in Algeria (November 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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