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 9 of 14
The days in which Gulf Keystone shares changed hands for pounds rather than pence have faded further into distant memory than ever – here we look at what happened in a traumatic week for the once mighty oiler.
Investments and investor services
Any small cap round-up of this week must start with a trip on the rollercoaster that is Gulf Keystone Petroleum Limited
Investments and investor services
It was a drab end to a decent week, with the big winners on Aim including Scapa, Verseon, Next Fifteen, Boohoo.com and ASOS.
The AIM All-Share remained in positive territory, though only just (it was up 0.09 points at 732.62).
Archive
UK shares went higher on Thursday, but small caps were making slightly better ground than Footsie.
FTSE AIM All-share added 0.19% to 732.6, while FTSE100 was three points better at 6,367, another new high for the year.
A selection of comments from the main stories on social media today
Some US$71mln is needed to maintain production of 40,000 bopd at Shaikan, whereas it'll cost US$88mln to grow output - then there’s the matter of a US$575mln debt due next year.
Investments and investor services
House builder Persimmon slides after griping about planning delays in an otherwise upbeat trading update
Main share price risers and fallers in London at 4.00pm
Archive
UK shares headed higher at the close after a topsy turvy day, with the FTSE100 stuck in neutral throughout the morning session.
Archive
Strong order pipeline for Ergomed, Breedon Aggregates plans to address concerns and Mariana Resources withdraws from its Suriname gold project.
The Footsie was stuck in neutral all mornng but Aim shares were firmer on balance
GKP can now ‘comfortably’ make an upcoming interest payment without breaching debt terms, according to Mirabaud Securities, which says there’s now a ‘window of opportunity’ for the Kurdistan based producer to refinance its US$575mln debt.
Main share price risers and fallers in London at 4pm
GKP has US$69.5mln of cash as a result of the latest monthly payment from the Kurdistan Regional Government.
Investments and investor services
Slovenia oil & gas group Ascent Resources soared on an approach from Cadogan Petroleum
Small cap shares were beating Footsie at lunch with Ascent Resources PLC in keeping with the name, topping the London leader board.
