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<title>Proactiveinvestors United Kingdom Gulf Keystone Petroleum Ltd. </title>
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<description><![CDATA[17.05.12 :+0.75, (190.5) Peel Hunt upgrades its rating to "buy" from "hold".]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum says drilling underway on third Akri-Bijeel exploration well ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum (LON:GKP) said this morning that drilling is underway on Bakrman-1 well, the third exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq.</p>]]></description>
<pubDate>Fri, 11 May 2012 07:35:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Spudding of Bakrman-1 Exploration Well ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120511gkp1334d/</link>
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<pubDate>Fri, 11 May 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum says no plans for institutional fundraising - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42609/gulf-keystone-petroleum-says-no-plans-for-institutional-fundraising-update-42609.html</link>
<description><![CDATA[<p>Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.</p>
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<pubDate>Thu, 10 May 2012 17:30:00 +0100</pubDate>
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<description><![CDATA[<p>Gulf Keystone Petroleum hit back today at “unfounded speculation” it is planning a cash call.</p>]]></description>
<pubDate>Thu, 10 May 2012 07:32:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Response to Speculation ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120510gkp0343d/</link>
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<description><![CDATA[10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times]]></description>
<pubDate>Thu, 10 May 2012 00:00:00 +0100</pubDate>
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<description><![CDATA[09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.]]></description>
<pubDate>Wed, 09 May 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum: FoxDavies reiterates 'buy' rating ]]></title>
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<description><![CDATA[<p> </p>
<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
<p> </p> ]]></description>
<pubDate>Tue, 08 May 2012 16:54:00 +0100</pubDate>
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<description><![CDATA[<p>Gulf Keystone Petroleum shares today advanced around 5 per cent as its latest appraisal results buoyed investors. This comes after the recent Shaikan 4 well result, which was described as the best so far.</p>
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<pubDate>Mon, 30 Apr 2012 13:12:00 +0100</pubDate>
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<description><![CDATA[<p>Shaikan 6 has has encountered oil at the deepest point so far, below the depth originally prognosed as the Jurassic oil/water contact level.</p>
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<pubDate>Mon, 30 Apr 2012 08:12:00 +0100</pubDate>
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<pubDate>Mon, 30 Apr 2012 07:00:00 +0100</pubDate>
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<link>http://www.proactiveinvestors.co.uk/companies/news/41806/gulf-keystone-petroleum-shares-advance-10-pct-after-shaikan-4-results-brokers-positive-41806.html</link>
<description><![CDATA[<p>The market’s reaction was positive to Gulf Keystone’s latest drilling update as shares surged 10 per cent in afternoon trade. Earlier, the Kurdistan-focused explorer revealed that its Shaikan-4 well was its best to date.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 13:41:00 +0100</pubDate>
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<description><![CDATA[<p>Gulf Keystone Petroleum said this morning that Shaikan-4 is its best well to date after it flowed at a 24,000 barrels a day on test.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 07:14:00 +0100</pubDate>
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<pubDate>Mon, 23 Apr 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times]]></description>
<pubDate>Mon, 23 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial ]]></title>
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<description><![CDATA[<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
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<pubDate>Wed, 04 Apr 2012 14:13:00 +0100</pubDate>
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<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
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"description" => "10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times",
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<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
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<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
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"description" => "23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times",
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"title" => "News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial",
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"description" => "<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
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<description><![CDATA[17.05.12 :+0.75, (190.5) Peel Hunt upgrades its rating to "buy" from "hold".]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum says drilling underway on third Akri-Bijeel exploration well ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum (LON:GKP) said this morning that drilling is underway on Bakrman-1 well, the third exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq.</p>]]></description>
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<title><![CDATA[RNS press release - Spudding of Bakrman-1 Exploration Well ]]></title>
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<title><![CDATA[News - Gulf Keystone Petroleum says no plans for institutional fundraising - UPDATE ]]></title>
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<description><![CDATA[<p>Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.</p>
<p> </p>]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum says no plans for institutional fundraising ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum hit back today at “unfounded speculation” it is planning a cash call.</p>]]></description>
<pubDate>Thu, 10 May 2012 07:32:00 +0100</pubDate>
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<pubDate>Thu, 10 May 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times]]></description>
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<description><![CDATA[09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum: FoxDavies reiterates 'buy' rating ]]></title>
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<description><![CDATA[<p> </p>
<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
<p> </p> ]]></description>
<pubDate>Tue, 08 May 2012 16:54:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance on latest Shaikan appraisal results - UPDATE ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum shares today advanced around 5 per cent as its latest appraisal results buoyed investors. This comes after the recent Shaikan 4 well result, which was described as the best so far.</p>
<p> </p>]]></description>
<pubDate>Mon, 30 Apr 2012 13:12:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum: Shaikan 6 finds deepest oil so far ]]></title>
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<description><![CDATA[<p>Shaikan 6 has has encountered oil at the deepest point so far, below the depth originally prognosed as the Jurassic oil/water contact level.</p>
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<pubDate>Mon, 30 Apr 2012 08:12:00 +0100</pubDate>
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<pubDate>Mon, 30 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance 10 pct after Shaikan-4 results; brokers positive ]]></title>
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<description><![CDATA[<p>The market’s reaction was positive to Gulf Keystone’s latest drilling update as shares surged 10 per cent in afternoon trade. Earlier, the Kurdistan-focused explorer revealed that its Shaikan-4 well was its best to date.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 13:41:00 +0100</pubDate>
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<pubDate>Mon, 23 Apr 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times]]></description>
<pubDate>Mon, 23 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial ]]></title>
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<description><![CDATA[<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
<p> </p> ]]></description>
<pubDate>Wed, 04 Apr 2012 15:19:00 +0100</pubDate>
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<pubDate>Wed, 04 Apr 2012 14:13:00 +0100</pubDate>
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<link>http://www.proactiveinvestors.co.uk/companies/rns/120403gkp6728a/</link>
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<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[17.05.12 :+0.75, (190.5) Peel Hunt upgrades its rating to "buy" from "hold".]]></description>
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<title><![CDATA[RNS press release - Notice of Results ]]></title>
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<title><![CDATA[News - Gulf Keystone Petroleum says drilling underway on third Akri-Bijeel exploration well ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum (LON:GKP) said this morning that drilling is underway on Bakrman-1 well, the third exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq.</p>]]></description>
<pubDate>Fri, 11 May 2012 07:35:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Spudding of Bakrman-1 Exploration Well ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120511gkp1334d/</link>
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<title><![CDATA[News - Gulf Keystone Petroleum says no plans for institutional fundraising - UPDATE ]]></title>
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<description><![CDATA[<p>Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.</p>
<p> </p>]]></description>
<pubDate>Thu, 10 May 2012 17:30:00 +0100</pubDate>
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<description><![CDATA[<p>Gulf Keystone Petroleum hit back today at “unfounded speculation” it is planning a cash call.</p>]]></description>
<pubDate>Thu, 10 May 2012 07:32:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Response to Speculation ]]></title>
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<pubDate>Thu, 10 May 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times]]></description>
<pubDate>Thu, 10 May 2012 00:00:00 +0100</pubDate>
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<description><![CDATA[09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.]]></description>
<pubDate>Wed, 09 May 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum: FoxDavies reiterates 'buy' rating ]]></title>
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<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
<p> </p> ]]></description>
<pubDate>Tue, 08 May 2012 16:54:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance on latest Shaikan appraisal results - UPDATE ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum shares today advanced around 5 per cent as its latest appraisal results buoyed investors. This comes after the recent Shaikan 4 well result, which was described as the best so far.</p>
<p> </p>]]></description>
<pubDate>Mon, 30 Apr 2012 13:12:00 +0100</pubDate>
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<description><![CDATA[<p>Shaikan 6 has has encountered oil at the deepest point so far, below the depth originally prognosed as the Jurassic oil/water contact level.</p>
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<pubDate>Mon, 30 Apr 2012 08:12:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Kurdistan Operational Update ]]></title>
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<pubDate>Mon, 30 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance 10 pct after Shaikan-4 results; brokers positive ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41806/gulf-keystone-petroleum-shares-advance-10-pct-after-shaikan-4-results-brokers-positive-41806.html</link>
<description><![CDATA[<p>The market’s reaction was positive to Gulf Keystone’s latest drilling update as shares surged 10 per cent in afternoon trade. Earlier, the Kurdistan-focused explorer revealed that its Shaikan-4 well was its best to date.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 13:41:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone says Shaikan-4 is the company's best well to date ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum said this morning that Shaikan-4 is its best well to date after it flowed at a 24,000 barrels a day on test.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 07:14:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Shaikan-4 Well Test Update ]]></title>
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<pubDate>Mon, 23 Apr 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times]]></description>
<pubDate>Mon, 23 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial ]]></title>
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<description><![CDATA[<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
<p> </p> ]]></description>
<pubDate>Wed, 04 Apr 2012 15:19:00 +0100</pubDate>
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<pubDate>Wed, 04 Apr 2012 14:13:00 +0100</pubDate>
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<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
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"description" => "10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times",
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<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
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"title" => "News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial",
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<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
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<description><![CDATA[17.05.12 :+0.75, (190.5) Peel Hunt upgrades its rating to "buy" from "hold".]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum says drilling underway on third Akri-Bijeel exploration well ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum (LON:GKP) said this morning that drilling is underway on Bakrman-1 well, the third exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq.</p>]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum says no plans for institutional fundraising - UPDATE ]]></title>
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<description><![CDATA[<p>Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.</p>
<p> </p>]]></description>
<pubDate>Thu, 10 May 2012 17:30:00 +0100</pubDate>
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<description><![CDATA[<p>Gulf Keystone Petroleum hit back today at “unfounded speculation” it is planning a cash call.</p>]]></description>
<pubDate>Thu, 10 May 2012 07:32:00 +0100</pubDate>
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<description><![CDATA[10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times]]></description>
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<description><![CDATA[09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.]]></description>
<pubDate>Wed, 09 May 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum: FoxDavies reiterates 'buy' rating ]]></title>
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<description><![CDATA[<p> </p>
<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
<p> </p> ]]></description>
<pubDate>Tue, 08 May 2012 16:54:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance on latest Shaikan appraisal results - UPDATE ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum shares today advanced around 5 per cent as its latest appraisal results buoyed investors. This comes after the recent Shaikan 4 well result, which was described as the best so far.</p>
<p> </p>]]></description>
<pubDate>Mon, 30 Apr 2012 13:12:00 +0100</pubDate>
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<description><![CDATA[<p>Shaikan 6 has has encountered oil at the deepest point so far, below the depth originally prognosed as the Jurassic oil/water contact level.</p>
<div><br /></div>]]></description>
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<pubDate>Mon, 30 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance 10 pct after Shaikan-4 results; brokers positive ]]></title>
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<description><![CDATA[<p>The market’s reaction was positive to Gulf Keystone’s latest drilling update as shares surged 10 per cent in afternoon trade. Earlier, the Kurdistan-focused explorer revealed that its Shaikan-4 well was its best to date.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 13:41:00 +0100</pubDate>
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<description><![CDATA[<p>Gulf Keystone Petroleum said this morning that Shaikan-4 is its best well to date after it flowed at a 24,000 barrels a day on test.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 07:14:00 +0100</pubDate>
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<pubDate>Mon, 23 Apr 2012 07:00:00 +0100</pubDate>
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<description><![CDATA[23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times]]></description>
<pubDate>Mon, 23 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial ]]></title>
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<description><![CDATA[<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
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<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
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<description><![CDATA[17.05.12 :+0.75, (190.5) Peel Hunt upgrades its rating to "buy" from "hold".]]></description>
<pubDate>Thu, 17 May 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Gulf Keystone Petroleum says drilling underway on third Akri-Bijeel exploration well ]]></title>
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<description><![CDATA[<p>Gulf Keystone Petroleum (LON:GKP) said this morning that drilling is underway on Bakrman-1 well, the third exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq.</p>]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum says no plans for institutional fundraising - UPDATE ]]></title>
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<description><![CDATA[<p>Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.</p>
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<description><![CDATA[10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times]]></description>
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<description><![CDATA[09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.]]></description>
<pubDate>Wed, 09 May 2012 00:00:00 +0100</pubDate>
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<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
<p> </p> ]]></description>
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<description><![CDATA[<p>Gulf Keystone Petroleum shares today advanced around 5 per cent as its latest appraisal results buoyed investors. This comes after the recent Shaikan 4 well result, which was described as the best so far.</p>
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<description><![CDATA[<p>The market’s reaction was positive to Gulf Keystone’s latest drilling update as shares surged 10 per cent in afternoon trade. Earlier, the Kurdistan-focused explorer revealed that its Shaikan-4 well was its best to date.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 13:41:00 +0100</pubDate>
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<description><![CDATA[23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times]]></description>
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<title><![CDATA[News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial ]]></title>
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<description><![CDATA[<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
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<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
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"description" => "10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times",
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<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
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<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
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"description" => "23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times",
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"title" => "News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial",
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"description" => "<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
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<description><![CDATA[<p>Gulf Keystone Petroleum (LON:GKP) said this morning that drilling is underway on Bakrman-1 well, the third exploration well on the Akri-Bijeel block in the Kurdistan region of Iraq.</p>]]></description>
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<description><![CDATA[<p>Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.</p>
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<description><![CDATA[<p>Gulf Keystone Petroleum hit back today at “unfounded speculation” it is planning a cash call.</p>]]></description>
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<description><![CDATA[10.05.12: +32.25, (221.00) Press: Gulf Keystone Petroleum rose after it said it was still in talks with several potential bidders for the sale of its 20 per cent interest in the Akri-Bijeel prospect.GKP also denied speculation on bulletin boards and Twitter that it was looking to raise funds with a share sale to institutional investors at 160p apiece, and said it was taking legal advice on how to deal with the ?malicious and unfounded attack?.?Gulf Keystone?s shareholder base is primarily made up of private investors,? said Seymour Pierce analyst Dougie Youngson. ?We feel that today?s announcement has been a long time coming as the share price has been negatively impacted by bulletin board speculation several times already this year. It is unfortunate that the company has to seek legal advice as to how to deal with unregulated commentary on bulletin boards. This is quite a widespread problem with Aim companies and GKP are not the first to seek legal advice on this matter.?On the Akri-Bijeel sale, Mr Youngson added: ?We hold a valuation of $200m for this asset, but given the appetite for assets in the region and a potentially competitive bid the company could receive a higher valuation. This level of cash injection would negate the requirement for an equity fund raise in the short term.?Source - Financial Times]]></description>
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<description><![CDATA[09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.]]></description>
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<p>City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) following an analysts site visit.</p>
<p>The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.</p>
<p>But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.</p>
<p>Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.</p>
<p>Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.</p>
<p>"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.</p>
<p>He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.</p>
<p>"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.</p>
<p> </p> ]]></description>
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<title><![CDATA[News - Gulf Keystone Petroleum shares advance on latest Shaikan appraisal results - UPDATE ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42133/gulf-keystone-petroleum-shares-advance-on-latest-shaikan-appraisal-results-update--42133.html</link>
<description><![CDATA[<p>Gulf Keystone Petroleum shares today advanced around 5 per cent as its latest appraisal results buoyed investors. This comes after the recent Shaikan 4 well result, which was described as the best so far.</p>
<p> </p>]]></description>
<pubDate>Mon, 30 Apr 2012 13:12:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42133/gulf-keystone-petroleum-shares-advance-on-latest-shaikan-appraisal-results-update--42133.html</guid>
</item>
<item>
<title><![CDATA[News - Gulf Keystone Petroleum: Shaikan 6 finds deepest oil so far ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42103/gulf-keystone-petroleum-shaikan-6-finds-deepest-oil-so-far-42103.html</link>
<description><![CDATA[<p>Shaikan 6 has has encountered oil at the deepest point so far, below the depth originally prognosed as the Jurassic oil/water contact level.</p>
<div><br /></div>]]></description>
<pubDate>Mon, 30 Apr 2012 08:12:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42103/gulf-keystone-petroleum-shaikan-6-finds-deepest-oil-so-far-42103.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Kurdistan Operational Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120430gkp2981c/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 30 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120430gkp2981c/</guid>
</item>
<item>
<title><![CDATA[News - Gulf Keystone Petroleum shares advance 10 pct after Shaikan-4 results; brokers positive ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41806/gulf-keystone-petroleum-shares-advance-10-pct-after-shaikan-4-results-brokers-positive-41806.html</link>
<description><![CDATA[<p>The market’s reaction was positive to Gulf Keystone’s latest drilling update as shares surged 10 per cent in afternoon trade. Earlier, the Kurdistan-focused explorer revealed that its Shaikan-4 well was its best to date.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 13:41:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41806/gulf-keystone-petroleum-shares-advance-10-pct-after-shaikan-4-results-brokers-positive-41806.html</guid>
</item>
<item>
<title><![CDATA[News - Gulf Keystone says Shaikan-4 is the company's best well to date ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41767/gulf-keystone-says-shaikan-4-is-the-companys-best-well-to-date-41767.html</link>
<description><![CDATA[<p>Gulf Keystone Petroleum said this morning that Shaikan-4 is its best well to date after it flowed at a 24,000 barrels a day on test.</p>]]></description>
<pubDate>Mon, 23 Apr 2012 07:14:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41767/gulf-keystone-says-shaikan-4-is-the-companys-best-well-to-date-41767.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Shaikan-4 Well Test Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120423gkp8155b/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 23 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120423gkp8155b/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[23.04.12: +24.00, (235.00) Press: Gulf Keystone Petroleum rose after results from its Shaikan-4 test well in Kurdistan showed an aggregate flow rate of 24,000 barrels of oil a day over several intervals. Canaccord Genuity upgraded GKP from ?sell? to ?hold? on valuation grounds.Source - Financial Times]]></description>
<pubDate>Mon, 23 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Gulf Keystone litigant pays £9.5 million into court ahead of October trial ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41166/gulf-keystone-litigant-pays-95-million-into-court-ahead-of-october-trial-41166.html</link>
<description><![CDATA[<p>US-based advisory firm Excalibur Ventures has paid £6 million into court to cover Gulf Keystone’s (<a href="http://www.proactiveinvestors.co.uk/companies/overview/719/gulf-keystone-petroleum-ltd--0719.html" class="companyPopupTrigger" rel="719">LON:GKP</a>) legal costs, prior to a court hearing over their legal dispute in October.</p>
<p class="MsoNormal">Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.</p>
<p class="MsoNormal">It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.</p>
<p class="MsoNormal">Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.</p>
<p class="MsoNormal">In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.</p>
<p class="MsoNormal">Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.</p>
<p class="MsoNormal">Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.</p>
<p> </p> ]]></description>
<pubDate>Wed, 04 Apr 2012 15:19:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41166/gulf-keystone-litigant-pays-95-million-into-court-ahead-of-october-trial-41166.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Litigation Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404gkp8376a/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 14:13:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404gkp8376a/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Holding(s) in Company ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403gkp6728a/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403gkp6728a/</guid>
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City firm FoxDavies has reiterated its 'buy' stance on oil company Gulf Keystone Petroleum (LON:GKP) following an analysts site visit.
The broker points out there is "little doubt" that the company's Shaikan asset is world class, which will provide further upgrades to net reserves.
But also adds that the full value of the firm's assets have yet to be unlocked via effective access to Kurdistan's export market.
Analyst Dr Zac Phillips said Kurdistan and Baghdad were currently locked in a battle for Kurdistan's share of the export revenues and until Kurdistan achieved access to those revenues, GKP's production would be limited to revenues generated by sales into the domestic market.
Highlighting in the note how far the company had come, Dr Phillips said that besides the Shaikan asset, the firm's Sheikh Adi discovery had "excellent" potential.
"Add to this the fact that security fears have been overdone, and that the region is largely trouble free, the outstanding issues relate to access to exports, or more specifically, export revenues," said the analyst.
He said following the visit, he had adjusted the target price for the stock to 350 pence (current price: 203.75 pence), believing it better reflected the risks associated with the portfolio.
"Further upgrades cannot be ruled out, and as a result, we are reiterating our BUY recommendation," he said.
]]>
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Excalibur has deposited a further £3.5 million into court as security for the costs of Texas Keystone, a company founded by Gulf’s chief executive Todd Kozel.
It has also made interim payments of £110,000 to Gulf Keystone and two of its subsidiaries and £60,000 to Texas Keystone, following the English Commercial Court’s order on March 14.
Gulf Keystone holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan block, one of the largest oil discoveries in recent years.
In December 2010, Gulf advised investors that Excalibur was claiming entitlement to an interest of 30 per cent in its companies’ blocks in Kurdistan.
Gulf Keystone continues vigorously to dispute and contest the allegations and claims asserted by Excalibur.
Gulf Keystone’s share price was down 5.04 per cent to 241.90 pence per share as at 3.09 pm.
]]>