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Gulf Keystone Petroleum Ltd (LON:GKP) report:Four Site Visit Trip to Kurdistan

Contributed by Daniel Stewart & Company

By Daniel Stewart & Co

- We have returned from a fascinating and very informative four day trip to Kurdistan to examine the progress that Gulf Keystone is making with its assets

- We spent Sunday, Monday, Tuesday and Wednesday with the CFO and COO to see each of the company's blocks

- We had high quality access to the management over the four days and learned more about GKP's operations and the regional setting

- We started with a visit to the pipe yard as a way to place the four blocks into a regional context

- We visited and talked to on the ground employees at the Shaikan, Akri Bijeel and Sheik Adi Blocks and drove through Ber Bahr

- As an example we were able to get on to the drilling floor of the AOS Discoverer 1 rig at Sheik Adi. While on the rig we could talk to several employees and hear first hand about their thoughts and experiences at the site and with GKP

- The degree of access we had and the level of un fettered communication was refreshing and greatly increased our understanding of the operations and the potential

- We were physically impressed by the sheer scale of the opportunity and the size of the blocks

- Despite the recent macroeconomic induced pullback in the share price we remain very confident in the company and its potential and our BUY recommendation and our 150p/share price target remain firmly in place