Questor share tip: Shares in Aim-listed oil explorer Gulf Keystone look oversold
Gulf Keystone made no revenue and a $26.4m loss in the first half ended June.
The company expects to be producing 40,000 bopd by the end of the year.
Kurdistan is one of the cheapest places in the world to produce oil. The
region has one of the lowest break-even prices at $27 per barrel of oil. So,
with oil in the local market at about $43 a barrel, the revenue and profit
potential is clear.
A recent court ruling has cleared the way for potential takeover bids for the
oil explorer. Read more [...]