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Gulf Keystone Petroleum Ltd Share News (GKP)
Share News for Gulf Keystone Petroleum Ltd (GKP)
| Share Price: 149.50 | Bid: 149.25 | Ask: 149.50 | Change: 1.50 (+1.01%) |  | ||||||
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UPDATE 1-Gulf Keystone finds more oil at Kurdistan block
Wed, 5th Jan 2011 08:14
LONDON, Jan 5 (Reuters) - Explorer Gulf Keystone Petroleum said on Wednesday it had found subs
Gulf Keystone estimated it had found 220 million barrels of probable oil reserves at a well drilled to test the shallower Cretaceous zones, near the large Shaikan discovery it made at greater depths in 2009.
'The Cretaceous resources evaluated by the Shaikan-3 well are massive by any standard. They represent a significant oil resource for Kurdistan and Iraq,' said Chief Operating Officer John Gerstenlauer in a statement.
Under the 'possible reserves' measurement - oil which has a 10 percent certainty of being produced - there could be 2.2 billion barrels of oil in place at the shallower levels of Shaikan, the company said.
Gulf Keystone, which has a 75 percent stake in the block, said the well would now be converted to produce oil from the deeper geological zones while it worked on a plan to develop the shallower resources.
The company is currently contesting claims made against it by Excalibur Ventures over an interest of up to 30 percent in its Kurdistan blocks.
(Reporting by Sarah Young; Editing by Rosalba O'Brien) Keywords: GULF KEYSTONE/
(sarah.young@thomsonreuters.com; +44 207 542 7717; Reuters Messaging: sarah.young.thomsonreuters@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, Jan 5 (Reuters) - Explorer Gulf Keystone Petroleum said on Wednesday it had found subs
tantial volumes of oil at its licence in the Kurdistan region of Iraq, at shallower depths than a previous large discovery.
Gulf Keystone estimated it had found 220 million barrels of probable oil reserves at a well drilled to test the shallower Cretaceous zones, near the large Shaikan discovery it made at greater depths in 2009.
'The Cretaceous resources evaluated by the Shaikan-3 well are massive by any standard. They represent a significant oil resource for Kurdistan and Iraq,' said Chief Operating Officer John Gerstenlauer in a statement.
Under the 'possible reserves' measurement - oil which has a 10 percent certainty of being produced - there could be 2.2 billion barrels of oil in place at the shallower levels of Shaikan, the company said.
Gulf Keystone, which has a 75 percent stake in the block, said the well would now be converted to produce oil from the deeper geological zones while it worked on a plan to develop the shallower resources.
The company is currently contesting claims made against it by Excalibur Ventures over an interest of up to 30 percent in its Kurdistan blocks.
(Reporting by Sarah Young; Editing by Rosalba O'Brien) Keywords: GULF KEYSTONE/
(sarah.young@thomsonreuters.com; +44 207 542 7717; Reuters Messaging: sarah.young.thomsonreuters@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 1-Gulf Keystone finds more oil in Kurdistan
LONDON, Feb 20 (Reuters) - Oil explorer Gulf Keystone said it found more oil in Kurdistan and initial production facilities for its huge Shaikan fiel[20 Feb '13]
UPDATE 1-Gulf Keystone says court judgement may not come until June
LONDON, Feb 18 (Reuters) - Oil explorer Gulf Keystone , defending its ownership of a huge oil field in Iraqi Kurdistan after it was sued, said the out[18 Feb '13]
Company suing Gulf Keystone has specialist litigant funding
LONDON, Nov 21 (Reuters) - A company suing UK-listed oil explorer Gulf Keystone Petroleum is being funded by hedge funds which specialise in lit[21 Nov '12]
Gulf Keystone resumes pumping of Iraqi Kurdish oil
ARBIL, Iraq, Nov 2 (Reuters) - UK-listed oil exploration firm Gulf Keystone has restarted production in Kurdistan, ending a half-year hiatus sin[2 Nov '12]
BRIEF-Gulf Keystone closes bond offer
LONDON, Oct 19 (Reuters) - Gulf Keystone Petroleum Ltd: * Settlement and closing of offering of USD 275 million convertible bonds due[19 Oct '12]
Gulf Keystone tells court not part of Excalibur deal
By Sarah Young LONDON, Oct 18 (Reuters) - UK-listed oil exploration firm Gulf Keystone had no collaboration agreement with Excalibur Ventur[18 Oct '12]
Excalibur tells court Gulf Keystone boss not credible
LONDON, Oct 15 (Reuters) - The chief executive of Gulf Keystone should not be considered a credible witness in a dispute over prized Kurdistan o[15 Oct '12]
Gulf Keystone in court battle over Kurdistan fields
By Sarah Young LONDON, Oct 9 (Reuters) - Gulf Keystone, one of the biggest companies listed on London's junior AIM stock market, is due to[9 Oct '12]
