Gulf Keystone Petroleum Ltd (LON:GKP) boss Jón Ferrier said he is “strongly encouraged” by the stable performance of the Shaikan field, which is in-line with expectations.
In the company’s results for 2016 it was revealed that production from Shaikan averaged 34,794 barrels of oil per day, which was at the upper end of the 31,000 to 35,000 bopd guidance for the year.
Having reset its finances, with a dilutive debt-for-equity swap, the company is now funded for the next programme of work – which first aims to stabilise output at around 40,000 bopd, before growing to 55,000 bopd.
Other Proactive news stories:
Corero Network Security PLC (LON:CNS) has started 2017 well, with its recently introduced “as-a-service” sales model opening up new revenue opportunities for the cyber-security specialist. Traditionally the company has operated on “perpetual licence model”, where customers pay an up-front fee to renew the licence (and maybe upgrade the associated network kit).
Life assurance and pension funds consolidator Chesnara Plc (LON:CSN) confirmed that the proposed acquisition of Legal & General Nederland has completed. "Chesnara is delighted to have acquired another well-run and attractive business in the Dutch life assurance market and I am delighted to welcome the customers and employees of Legal & General Nederland to Chesnara,” said John Deane, chief executive of Chesnara.
E-commerce enabler Blur Group PLC (LON:BLUR) could be set to receive another boost, this time from a UK county council. The unnamed council is continuing its programme of spend which could lead to a “multiple six-figure rollout” of blur’s Indirect Spend management platform.
Private & Commercial Finance Group PLC (LON:PCF) said its recent open offer of shares was oversubscribed. As targeted, the company raised £500,000 from the open offer, which was in addition to the £10mln it raised from the placing of shares that was announced at the same time as the open offer.
Investment management firm Tavistock Investments PLC (LON:TAVI) has appointed Mark Evans as its business development director. Evans will work closely with chief executive Brian Raven and, as the title suggests, will be responsible for all business development activity across the group.
Shares in iGas Energy PLC (LON:IGAS) ticked higher today as it was revealed that private equity fund manager, Kerogen Capital has ended up with a near 28% shareholding in the UK shale play following completion of its recent refinancing. Unconventional Energy Limited, a vehicle of the oil & gas industry investment specialist has declared it now holds 679,282,165 shares in the AIM-listed firm, a 27.999% stake.
Aminex plc (LON:AEX) has a “number options available” as it looks at early production and monetisation from its Ntorya gas project in Tanzania, chief executive Jay Bhattacherjee told Proactive Investors. On Thursday the company said it is prioritising the preparation of a development plan for Ntorya, and it is looking to monetise gas as quickly as possible.
Non-exec Leslie-Ann Reed has acquired 400,000 shares in e-learning business Learning Technologies PLC (LON:ETG) at 37.5p or a total cost of £150,000.