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Gulf Keystone Petroleum Share News (GKP)

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Share News for Gulf Keystone Petroleum (GKP)


Share Price: 14.75Bid: 12.25Ask: 17.75Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 5.50Spread as %: 44.90%Open: 14.75High: 0.00Low: 0.00Yesterday’s Close: 14.75




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 Wednesd
ay it had found substantial 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)

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Oil firm DNO to raise investment, output at Iraqi Kurdistan field

By Stine JacobsenOSLO, Feb 11 (Reuters) - Norwegian oil firm DNO International plans to increase production at its prize Tawke oilfield in Iraq's Kurd
[11 Feb '16 12:35]

Genel says receives monthly oil payment from Iraqi Kurdistan

LONDON, Dec 14 (Reuters) - Genel Energy, an oil producer in Iraqi Kurdistan, has received a gross $16.5 million monthly payment from the Kurdistan Reg
[14 Dec '15 13:15]

Gulf Keystone receives monthly oil payment from Iraqi Kurdistan

LONDON, Dec 2 (Reuters) - Gulf Keystone Petroleum said on Wednesday it had received a gross payment of $15 million from the Kurdistan Regional Govern
[2 Dec '15 12:38]

Iraqi Kurdistan pays Gulf Keystone, pleasing producers

LONDON, Oct 15 (Reuters) - Gulf Keystone Petroleum said on Thursday it had been paid for oil exports by the government of Iraqi Kurdistan, a sign it
[15 Oct '15 12:23]

UPDATE 2-Iraqi Kurdistan says paying $75 mln to Genel, DNO, Gulf Keystone

(Adds quotes, background)By Isabel Coles and Stephen KalinERBIL, Iraq, Sept 7 (Reuters) - Iraq's Kurdistan region said on Monday it had allocated $75
[7 Sep '15 15:06]

BUZZ-Gulf Keystone: Confirms oil payments from KRG

** Oil producer's shares up 4.5 pct after confirming that the Kurdistan Regional Government authorized payment of $15 million** Rivals DNO up 2.9 pct,
[7 Sep '15 12:18]

UPDATE 1-Iraqi Kurdistan says paying $75 mln to Genel, DNO, Gulf Keystone

(Adds background, share reaction)BAGHDAD, Sept 7 (Reuters) - Iraq's Kurdistan region said on Monday it had allocated $75 million of revenue from its d
[7 Sep '15 09:07]

RPT-Iraqi Kurdistan says paying $75 mln to Genel, DNO, Gulf Keystone

(Repeats item to additional readers)BAGHDAD, Sept 7 (Reuters) - Iraq's Kurdistan region said on Monday it had allocated $75 million of revenue from it
[7 Sep '15 08:19]



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