Gulf Keystone Petroleum Ltd.

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... read more

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

09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.

09.05.12 :-18, (188.75) Goldman Sachs reiterates its "neutral" rating and raised its price target to 312p from 301p.

Canaccord Genuity upgrades its rating to "hold" from "sell". Investec reiterates its "buy" rating and raised its price target to 232p from 191p.

Canaccord Genuity upgrades its rating to "hold" from "sell". Investec reiterates its "buy" rating and raised its price target to 232p from 191p.

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... read more

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