Gulf Keystone Petroleum Ltd. Share Price - GKP, RNS News, Articles, Share Price Quotes, Charts, & Stock Market information(LON:GKP, GKP.L)

10/05/12

Gulf Keystone Petroleum says no plans for institutional fundraising - UPDATE

Shares in Gulf Keystone Petroleum rose 10 per cent in morning trade as it hit back “unfounded speculation” it is planning a cash call.
10/05/12

Gulf Keystone Petroleum says no plans for institutional fundraising

Gulf Keystone Petroleum hit back today at “unfounded speculation” it is planning a cash call.
30/04/12

Gulf Keystone Petroleum shares advance on latest Shaikan appraisal results - UPDATE

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.
30/04/12

Gulf Keystone Petroleum: Shaikan 6 finds deepest oil so far

Shaikan 6 has has encountered oil at the deepest point so far, below the depth originally prognosed as the Jurassic oil/water contact level.
23/04/12

Gulf Keystone Petroleum shares advance 10 pct after Shaikan-4 results; brokers positive

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.
23/04/12

Gulf Keystone says Shaikan-4 is the company's best well to date

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.
20/03/12

Gulf Keystone target price raised after latest Shaikan test

Gulf Keystone’s recent operational update has again highlighted the potential of its Shaikan prospect in Kurdistan, said broker Fox-Davies, which has upped its target price to 320p.
12/03/12

Gulf Keystone Petroleum: Shaikan-4 well reinforces oilfield’s world-class status

Gulf Keystone Petroleum said today that latest data from the Shaikan-4 appraisal well in the Kurdistan region of northern Iraq reinforced its view that the prospect is world class.
12/03/12

Gulf Keystone describes Shaikan-4 results as "excellent"

Gulf Keystone Petroleum’s chief operating officer John Gerstenlauer today described as “excellent” the latest results from Shaikan-4 as tests continued on the appraisal well in the Kurdistan region of Northern Iraq.
13/02/12

Seymour Pierce tips Kurdistan, East Africa & North Sea as key oil and gas regions

Kurdistan, East Africa and the North Sea are three key oil and gas regions that are likely to see significant positive momentum this year, according to Seymour Pierce.
23/01/12

Gulf Keystone's Gerstenlauer says Shaikan-4 could be best well to date

Gulf Keystone Petroleum’s chief operating officer John Gerstenlauer reckons the Shaikan-4 may be the best well it has logged to date.
10/01/12

Gulf Keystone shares spike to new highs as speculation continues

Gulf Keystone shares soared to a new high today on continued speculation that a significant deal is in the offing.
10/01/12

Gulf Keystone Petroleum clarifies KRG's third party option over Shaikan and Akri-Bijeel

Gulf Keystone Petroleum confirmed this morning the Kurdistan Regional Government still retains the option to nominate a third party to participate in the Shaikan and Akri-Bijeel production sharing contracts. In addition the KRG retains what are called “back-in-rights” to the oil projects in Northern Iraq.
09/01/12

Gulf Keystone Petroleum exits 2011 producing over 4,000 barrels of oil a day

Gulf Keystone Petroleum this morning said it produced 103,328 barrels of oil a day by the end of November from is extended tests on wells one and three on the Shaikan block in Northern Iraq.
28/12/11

COMPANY Q&A: Gulf Keystone Petroleum primed for an exciting New Year

The excitement around Gulf Keystone Petroleum has been immense ever since it struck oil on the Shaikan block in Kurdistan. Following a busy year with drill bit there is little doubt now the group is sitting on a world class discovery. Emerging now is the huge potential of its other projects in the region.
27/12/11

Emerging oil and gas frontiers attract attention

The pace that the Kurdistan oil play has advanced in 2011 is an example of the excitement that can be created by new and emerging oil frontiers.The semi-autonomous region of northern Iraq is one of the world’s last great oil frontiers, according to former BP boss Tony Hayward.
20/12/11

Gulf Keystone Petroleum begins drilling Shaikan-6 well

Gulf Keystone has said drilling is underway on the Shaikan-6 well in Kurdistan. Work began on December 16 on this the company’s fourth deep appraisal well and the tenth in total across all its projects in the semi-autonomous region of northern Iraq.
13/12/11

Gulf Keystone Petroleum reveals very promising initial results from Shaikan-4 well - UPDATE

Gulf Keystone Petroleum chief operating officer John Gerstenlauer has described as “very promising” initial results from the company’s fourth well on the Shaikan field in Kurdistan.
13/12/11

Gulf Keystone Petroleum reveals very promising initial results from Shaikan-4 well

Gulf Keystone Petroleum chief operating officer John Gerstenlauer has described as “very promising” initial results from the company’s fourth well on the Shaikan field in Kurdistan.
11/11/11

Gulf Keystone, Petroceltic and Vallares shares higher as super-major Exxon enters Kurdistan

Shares in the Kurdistan focused explorers were up sharply in early trade as the first of the super-majors made its move into the semi-autonomous region of Northern Iraq. ExxonMobil has signed contracts with the Kurdistan Regional Government for six blocks.
08/11/11

Gulf Keystone Petroleum shares on the march following resource upgrade

Shares in Gulf Keystone Petroleum were up as much as 15 per cent in early trade after the explorer unveiled a significant upgrade to the oil in place volumes for the Shaikan block in Northern Iraq.
08/11/11

UPDATE: Gulf Keystone Petroleum unveils second significant resource upgrade of the year

Gulf Keystone Petroleum this morning unveiled a significant upgrade to the oil in place volumes for the Shaikan field in the Kurdistan region of northern Iraq. An independent review by Dynamic Global Advisors estimates that Shaikan contains 8 billion barrels of crude calculated on a P90 basis.
08/11/11

Gulf Keystone Petroleum unveils second significant resource upgrade of the year

Gulf Keystone Petroleum this morning unveiled a significant upgrade to the oil in place volumes for the Shaikan field in the Kurdistan region of northern Iraq. An independent review by Dynamic Global Advisors estimates that Shaikan contains 8 billion barrels of crude calculated on a P90 basis – meaning the oil has a 90 per cent certainty of being produced.
04/11/11

Citi runs the rule over Kurdistan, the last great frontier for oil explorers

Kurdistan is set for a “major period of news flow” as independent exploration companies embark on ambitious drilling campaigns in the semi-autonomous region of Northern Iraq.This is the conclusion of investment bank Citi, which published detailed analysis of the area and the opportunities there.
31/10/11

Gulf Keystone Petroleum begins drilling Shaikan-5 well

Gulf Keystone Petroleum revealed it began drilling its fifth well on the Shaikan block in Kurdistan, Northern Iraq, last Friday.
24/10/11

Gulf Keystone Petroleum's ambitious exploration programme logs progress on all fronts

Gulf Keystone Petroleum said this morning that the Shaikan-4 well in Kurdistan is almost at its target depth, while work is about to begin on the Shaikan-5 appraisal well.
12/10/11

Gulf Keystone Petroleum Q&A: Finance director Ewen Ainsworth on group's ambitious strategy

Gulf Keystone Petroleum will present tonight at Proactive Investors’ Dublin forum, moving onto Manchester tomorrow. As a prelude to these exciting investor events, we caught up with finance director Ewen Ainsworth.
08/10/11

Gulf Keystone Petroleum headlining star-studded Proactive One2One events in Dublin and Manchester

We have an exciting line-up of companies at the Proactive Investors One2One Forums in London, Dublin and Manchester, which have attracted an incredible amount of interest. So this is a call to arms. If you haven’t signed up now do so soon to avoid disappointment.
21/09/11

Kurdistan oil firms boosted as KRG lifts lid on production sharing contracts

Last night the KRG lifted the lid on the on the commercial deals it has struck with some of the oil companies it works with in a bid to be more transparent. In all details of 19 out of a total of 42 production sharing contract were made public, including the terms of the contract stuck in 2007 with Britain's Gulf Keystone.
20/09/11

Gulf Keystone's US$200 mln placing defies macroeconomic uncertainty - analyst

City analysts have come out in support of Gulf Keystone Petroleum today after the group revealed that it has raised US$200 million in what is being described as a ‘difficult market’. It shows that investors still have an appetite for technically de-risked projects, said Westhouse analyst Andrew Matharu
20/09/11

Gulf Keystone confirms US$200 mln placing for appraisal drilling and export pipeline

The new cash has been earmarked for an aggressive programme of exploration and appraisal drilling on the Shaikan, Sheikh Adi and Ber Bahr blocks in Kurdistan. And some of the funds will also be used to expand the group’s production and export capabilities.
14/09/11

Gulf Keystone's Akri-Bijeel stake sale to fetch "hundreds of millions"

Gulf Keystone decided to sell its 20 per cent stake in the Akri-Bijeel field in Kurdistan in order to “realise value” at a time of heightened interest in Northern Iraq, according to finance director Ewen Ainsworth.
14/09/11

Gulf Keystone to sell Akri-Bijeel stake; outlines ambitious development plan

Gulf Keystone Petroleum said this morning it is seeking a buyer for its 20 per cent stake in the Akri-Bijeel oil field as it outlined plans to develop its other world class oil discoveries in the Kurdistan region of Northern Iraq.
07/09/11

Vallares deal underlines the potential of Kurdistan, the last great oil frontier

Proof that Kurdistan has finally come of age as a major oil destination was provided today in the form of a US$4 billion deal designed to create a London-listed champion in the semi-autonomous region of Northern Iraq. In an audacious move, newly listed Vallares unveiled plans to merge with Genel International, which is one of the largest operators in the area.
05/09/11

UPDATE: Gulf Keystone Petroleum releases positive drilling results on two Shaikan wells

The news today from GKP was encouraging on two fronts, while the City reaction to the company's update on the Shaikan field was broadly positive. Unfortunately this still wasn't enough to get the stock moving on a rather grey day for the wider market.
05/09/11

Gulf Keystone Petroleum releases positive drilling results on two Shaikan wells

Gulf Keystone Petroleum revealed this morning that the payzone for the upper Jurassic reservoirs of its Shaikan-4 well is “significantly better” than the net pay count of its two earlier wells. The update came as the well hit a measured depth of 2,850 metres and was released alongside news on the Shaikan-2 test well, drilled nine kilometres south-east of the original Shaikan discovery.
25/08/11

Gulf Keystone Petroleum Q&A: A prelude to tonight’s One-to-One Hydrocarbon Forum

As a prelude to tonight’s fully-booked One-to-One Hydrocarbon Investor Forum we spoke to Ewen Ainsworth, Finance Director of Gulf Keystone, to get some insight on this exciting growth story.
19/08/11

Investec welcome Gulf Keystone’s new discovery in Shaikan-2 well

Despite the market’s muted reaction to Gulf Keystone’s latest discovery at the Shaikan oilfield in Kurdistan, Investec analyst Angus McPhail emphasised the significance of the find. The oilfield is currently estimated to contain between 5 and 10 billion barrels of oil-in-place. And this latest discovery, in a deeper Triassic age reservoir that could not be reached in previous wells, will add to this impressive tally.
18/08/11

Gulf Keystone finds yet more oil at Shaikan with new Triassic discovery

The Shaikan oilfield, in Kurdistan, is currently estimated to contain between 5 and 10 billion barrels of oil-in-place but Gulf Keystone’s latest discovery, in a deeper Triassic age reservoir that could not be reached in previous wells, will add to this impressive tally.
11/08/11

Gulf Keystone could be targeted by international and national oil companies, says Fox-Davies

Gulf Keystone could become a bid target for a number of international and national oil companies according to Fox Davies analyst Shahin Amini. Yesterday the Kurdistan-focused oil firm revealed yet another upgrade to its burgeoning resources in the north of Iraq following an independent assessment of the Sheik Adi discovery.
10/08/11

Gulf Keystone says Sheik Adi is ‘potentially world class’ oil discovery

Gulf Keystone shares shot up almost 20 per cent earlier today, recovering some of the ground lost in last week’s market-wide sell off, after it told investors that Sheik Adi could potentially be a ‘world class’ oil discovery.
16/06/11

Gulf Keystone a buy at current levels, says Evolution

Gulf Keystone shares are undervalued and the current price represents an attractive entry point, according to Evolution Securities analyst David Farrell. This morning, ahead of today’s AGM, the AIM-listed oil company emphasised the high level of activity that’s currently underway with its projects in the Kurdistan region of northern Iraq.
14/06/11

Gulf Keystone's export forecasts meet with muted response; brokers remain bullish

Gulf Keystone Petroleum said today it aims to be exporting 10,000 barrels of oil a day within eight months from its facilities in the Kurdistan region of Northern Iraq. The forecast came as it began making the changes necessary to ramp up output to 5,000 barrels of crude initially from wells one and three on the Shaikan Field, which are on extended test.
14/06/11

Gulf Keystone Petroleum aims for oil exports of 10,000 barrels a day in eight months

Gulf Keystone Petroleum said this morning that its oil export facility in Northern Iraq is currently in the commissioning phase. The plant is undergoing “preparations and customary checks” to handle oil from the wells one and three on the Shaikan Field, which are on extended test.
07/06/11

Gulf Keystone shares to benefit from growing resources and exports, says Evo

Evolution Securities picked out two key catalysts for Gulf Keystone (LON:GKP) shares, growing resources and growing oil exports, after seeing the group’s Iraqi oil operation first hand on a recent field trip. This morning the broker repeated a ‘buy’ recommendation, which targets 200 pence a share.
23/05/11

Encouraging update from Gulf Keystone, but investors keep their powder dry

The news was generally upbeat as the group gave a progress report on its Shaikan-2 and Sheikh Adi-1 wells and revealed it had been cleared to make oil exports. However, it seems the City is awaiting news on the lowest known oil point of the Shaikan field, which should help determine the scale of Gulf Keystone's discovery in Kurdistan.
23/05/11

Gulf Keystone reveals further encouraging results from Shaikan-2 as it prepares to begin exports

Gulf Keystone this morning revealed further positive results from its Shaikan-2 well in Kurdistan alongside a generally encouraging update on its first well on the nearby Sheikh Adi field.
06/05/11

Gulf Keystone prospects boosted by news of Kurdistan oil export payments

Oil producers in Kurdistan have received payments totaling US$243 mln after exports resumed from the Iraqi region earlier this year. GKP is preparing to start exporting soon, as such analysts expect it will be a key beneficiary. Meanwhile investors look to upcoming well results.
29/04/11

The AIM market becoming a hive of trading activity for top stocks

AIM has a reputation as an illiquid market but there are plenty of examples of companies that are regularly traded in large quantities and there is no reason why a business with a good story and a reasonable free float of shares cannot generate decent volumes. AIM Journal's Andrew Hore explains.
20/04/11

Arbuthnot rates Gulf Keystone a buy with a 279 pence price target as it initiates coverage

City broker Arbuthnot this morning initiated coverage of Gulf Keystone Petroleum with a buy recommendation and 279 pence a share price target. Analyst Dougie Youngson told investors: “The company has a high degree of political and legal risk, but the sheer size and potential of the assets in the portfolio has made it a popular stock in the sector.”
15/04/11

Gulf Keystone: City brokers upgrade shares after new resource estimate

The brokers are slowly ajusting their valuations to reflect the surprise reserves upgrade. It has even prompted a change of stance from broker Evolution.
14/04/11

Gulf Keystone hikes Shaikan oil estimate by 150 per cent; hints at further upgrade

Shares soared today as the company provided yet more good news from its operations in the Kurdistan region of northern Iraq. The company announced a major revision of the gross oil-in-place volumes for the Shaikan discovery.
11/04/11

Gulf Keystone's Gerstenlauer upbeat on Shaikan-2

Recent results from Gulf Keystone’s Shaikan-2 well in Kurdistan de-risks “great big chunks of the structure”, according to the company’s chief operating officer John Gerstenlauer. "If you take this in conjunction with the early looks at the 3D seismic, it is all looking extremely good for our oil volumes,” he told Proactive Investors.
22/03/11

Gulf Keystone hit by profit-taking, but update underlines the massive potential of the Shaikan block

A minor bout of profit-taking has seen the share price dip in a busy morning session. However the mood among the brokers and investors appears generally upbeat.
18/03/11

Gulf Keystone shares surge as Shaikan-2 well confirms the potential of the block

Shares in Gulf Keystone Petroleum jumped 24 per cent in a frenetic morning session after an encouraging update on progress at the Shaikan-2 well in the Kurdistan region of Iraq. Earlier the company reported a significant initial oil flow from its Shaikan-2 appraisal well which it says confirms the “world class nature of the discovery”.
14/02/11

Gulf Keystone brings Shaikan-3 production up to 9,800 barrels a day

The AIM-listed oil firm is producing 30 percent more oil from the second Shaikan oil well in the Kurdistan region of Northern Iraq. The well, which only targeted shallow oil, is now producing 9,800 barrels of oil a day after an acid treatment. Meanwhile GKP is still drilling the high-impact Shaikan-2 deep appraisal well which is expected to increase the field’s oil-in-place substantially, if successful.
31/01/11

Gulf Keystone: City analysts react positively to Ryder Scott’s assessment of Shaikan oil discovery

The latest assessment of Gulf Keystone Petroleum’s massive Iraq oil discovery has silenced those who doubted Shaikan’s 1.9 to 7.4 billion barrel oil-in-place estimate. Ryder Scott, a major US oil consultancy, has come up with its own assessment that arrived at broadly similar estimates. Here we take a look at what the City’s analysts think of this new development.
11/01/11

Critical year for Gulf Keystone with Shaikan-2 pivotal to prospects

The market was inundated by announcements and updates from Gulf Keystone Petroleum last year, which left City brokers breathless and playing catch-up. If anything the flow of news will probably increase in the next 12 months as we see the results of a fairly aggressive drilling programme in Kurdistan.
05/01/11

Gulf Keystone expands massive Shaikan oil discovery with latest well

Gulf Keystone has expanded the massive Shaikan oil discovery in the Kurdistan region of northern Iraq. The Shaikan-3 well has added between 220 million (P50) and 2.2 billion (P10) barrels of oil in place, from the shallow Cretaceous intervals in the Garagu formation.
03/01/11

The focus is on oil exploration as Iraq's political horse-trading ends

The picture for oil companies operating in Iraq is becoming clearer as the period of political instability in the country seems to be coming to an end. Here we set the scene for what promises to be an interesting year for investors and the companies involved in the region.
01/12/10

Gulf Keystone spuds eagerly awaited Shaikan-2 deep appraisal well

Work on the massive oil discovery in Northern Iraq will move to the next level, as drilling begins on the Shaikan-2 deep appraisal well. The well has been designed to negotiate the high-pressure zones that halted the initial discovery well, after it found between 1.9 and 7.2 barrels of oil across several layers of reservoirs.
17/11/10

Gulf Keystone Petroleum, Horizonte, Lydian and Andover give investors food for thought

The biggest Proactive Investors forum to date saw more than 200 people crammed into a regular venue at the Chesterfield in central London to hear presentations from four very exciting growth companies. Below are some of the highlights from presentations by Gulf Keystone Petroleum, Horizonte Minerals, Lydian International and Andover Ventures.
08/11/10

Gulf Keystone says MOL’s test results confirm the potential of Akri Bijeel

Gulf Keystone Petroleum can press ahead with the drilling of its high-priority Shaikan-2 appraisal well, now the testing of Bijeel-1 has been concluded with positive results. It believes that Bijeel-1 has found the southern flank of the potentially significant Bekhme structure.
01/11/10

Gulf Keystone shares up 10 pct as investors digest encouraging Sheikh Adi result

Gulf Keystone appears set for further drilling success in Kurdistan, as two wells encounter oil shows during drilling. On AIM the shares have got stronger as the days progressed, and analysts are quietly optimistic. The company believes the encouraging initial results further de-risk the potential of the high profile oil exploration play.
18/10/10

A prize bigger than Shaikan: drilling into the potential of Gulf Keystone

Today GKP has revealed it is raising £109 million to fund the full development of the Shaikan field. But the company's full potential lies in not one, but four contiguous fields in Kurdistan. We assess why people are getting so excited about Gulf Keystone.
18/10/10

Gulf Keystone raises £109 mln to fully appraise Shaikan field

The group this morning revealed it has raised £109 million which will allow it to fully appraise its world class Shaikan oil field in Kurdistan. It it is bringing a third drill rig on site, which will allow it to begin the delayed drilling of Shaikan-2 and Shaikan-4 holes as well as Shaikan-5, 6 and 7.
13/09/10

Gulf Keystone Petroleum ready to prove up oil resources in Kurdistan after busy H1

After unprecedented levels of activity resulted in “outstanding progress” during the first half, Gulf Keystone Petroleum is anticipating further success in Kurdistan in 2010 with a cash balance ten times greater than a year ago.
09/08/10

Gulf Keystone Petroleum secures 'substantial uplift' in Kurdistan interests

The group confirmed it has completed its ‘re-organisation of interests’ in Kurdistan region, Iraq - which sees take full control of its operating subsidiary. Amendments to its original Production Sharing Contracts (PSC) have now been approved by the Kurdistan Regional Government.
25/05/10

Gulf Keystone Petroleum raises US$165 million

The company had flagged in March that it would be raising more money this year to support its activities in Kurdistan where it wants to follow up recent drilling successes.
07/05/10

Oil extraction cost dispute ends between Baghdad and Kurdistan region

While some uncertainties remain, this clearly is positive for all operators in Kurdistan with existing discoveries, such as Gulf Keystone Petroleum, Heritage Oil and DNO International.
15/03/10

Gulf Keystone raises £16m for 2010 Kurdistan campaign

Gulf Keystone has completed a fully subscribed placing that will provide the finance for work on the Shaikan and Sheikh Adi blocks in 2010.
14/01/10

Gulf Keystone raises Shaikan oil-in-place estimate to up to 7.4 billion barrels

New evaluation of well testing at Shaikan in Iraq has increased the mean oil-in-place estimate to 4.2 billion barrels from 2.8 billion, with plenty of upside.
23/11/09

Gulf Keystone Petroleum flows 10,000 barrels of oil equivalent per day from second test in Triassic

Kurdistan focused exploration and production oil junior, Gulf Keystone Petroleum were on the move again this morning after the company reported further results from the hugely successful Shaikan-1 Exploration Well.
06/10/09

Gulf Keystone hits discovery in Kurdistan, says potential for more light oil targets improved

Iraq and Algeria operating oil and gas junior Gulf Keystone Petroleum announced yet another oil discovery in the Kurdistan region of northern Iraq, where it just started drilling the Triassic section of the Sheikan-1 exploration well.
06/08/09

Gulf Keystone Petroleum confirms oil discovery at Skaikan Block, Kurdistan

Gulf Keystone Petroleum served up tasty news to shareholders this morning, confirming that the Skaikan-1 well on the Skaikan Block which is located in the Kurdistan Region of Iraq had discovered oil.
11/02/09

Gulf Keystone Petroleum has time on its side

2008 was a transitional year for Gulf Keystone Petroleum. The junior oil and gas company made the leap from explorer to producer, tapped the markets for an additional US$50 million, earned into two licences in the Kurdistan region of Iraq,
14/01/09

Gulf Keystone drills successful appraisal well at Hassi Ba Hamou, Algeria

Gulf Keystone Petroleum Ltd said it has successfully tested the HBH-6 appraisal well on the Hassi Ba Hamou Permit in Algeria, producing 12.97 million standard cubic feet of gas per day during a 48-hour period.

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