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Proactive Oil & Gas Highlights: Gulf Keystone, Shell, Cairn Energy, Premier Oil, Hurricane Energy, Jersey Oil & Gas, LGO Energy
The first week back brought little in the way of news but there was plenty of analyst coverage across the sector.
Company
LON:GKP
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
276 stories · page 5 of 14
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The first week back brought little in the way of news but there was plenty of analyst coverage across the sector.
Archive
A glance at some of the stories on the Proactive newswire today
The Kurdistan based oil producer – which was recently rumour to be the subject of Chinese takeover interest - is one of five companies deemed by Peel Hunt to have a sensible mix of asset quality and balance sheet strength.
The Kurdistan oil firm's share rose 15% in London amid reports of a possible Chinese takeover.
The gold miner said it has identified opportunities to “further enhance the economics” of the operation at its Cononish mine in Scotland
Cantor Fitzgerald repeated its ‘buy’ recommendation for the stock and thinks the share price could more than double in the coming months
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A look at the week' s oil and gas news highlights.
The Kurdistan oil firm, following its debt-for-equity swap, now intends to reduce the number of shares in issue from 22.94bn down to 228.4mln.
DNO is only prepared to make a lower cash offer for Gulf Keystone, but the London listed oiler is supposed to be in a stronger position - here we take a closer look.
The company's debt-for-equity swap wiped from US$500mln from its US$600mln of liabilities, but left existing investors with just 14.5% of the Kurdistan-focused oil producer.
The NEW version of Gulf Keystone could rally to 2.7p, according to Cantor, but, analyst Sam Wahab notes that payment arrangements with the KRG remain the key issue.
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A look at last week's news from the small cap oil and gas sector
A round-up of today's news on the Proactive newswire
Some of the main news-driven share price changes at 4pm
With the restructuring sealed attentions will likely turn to takeover talk for the remaining Gulf Keystone investors.
The Olso listed oiler, which recently made a 'low ball' tilt for GKP, has completed three of four new wells at its flagship Tawke field.
London's largest share price rises and falls at 4pm
It appears 1.5% of the 'rescued' company may not be enough to convince retail shareholders to accept a deal.
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Round up of oil news headlines from the world of Proactive this week.