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Gulf Keystone Petroleum Share News (GKP)



Share News for Gulf Keystone Petroleum (GKP)


Share Price: 81.75Bid: 81.50Ask: 82.25Change: 0.75 (+0.93%)Riser - Gulf Keystone
Spread: 0.75Spread as %: 0.92%Open: 81.00High: 82.00Low: 80.75Yesterday’s Close: 81.00




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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UPDATE 1-Gulf Keystone founder stands down from board

(Adds details, chairman quote)LONDON, July 17 (Reuters) - The founder of Kurdistan-focused oil company Gulf Keystone, Todd Kozel, has stepped down fro
[17 Jul '14]

Gulf Keystone names insider John Gerstenlauer as new CEO

LONDON, July 17 (Reuters) - Kurdistan-focused oil company Gulf Keystone said John Gerstenlauer would be its new chief executive, promoting him from th
[17 Jul '14]

Gulf Keystone says Todd Kozel to retire as CEO

LONDON, June 25 (Reuters) - Oil firm Gulf Keystone said Chief Executive Todd Kozel would retire next month, following a rocky period during which the
[25 Jun '14]

Fuel shortages in Iraqi Kurdistan to last at least another week

* Fuel shortages hit as insurgents press Iraqi offensive* Add to catalogue of economic woes facing Iraqi Kurds* Kurds fear shortages dent region's ima
[22 Jun '14]

Gulf Keystone says Kurdistan oil project progressing despite violence

LONDON, June 13 (Reuters) - Oil producer Gulf Keystone Petroleum said plans to increase production from its Shaikan oil field in Iraqi Kurdistan were
[13 Jun '14]

Gulf Keystone flags revenue uncertainty due to Kurdistan delay

(Adds details, quote)LONDON, May 14 (Reuters) - Oil explorer Gulf Keystone Petroleum warned on Wednesday a lag in payments for crude from its Shaikan
[14 May '14]

Gulf Keystone denies media report on plans to oust CEO

By Richa NaiduMay 1 (Reuters) - Oil explorer Gulf Keystone on Thursday denied a media report that its board and investors planned to call for the resi
[1 May '14]

Gulf Keystone to test debt investors' risk appetite

* GKP plans to raise up to US$250m through bond* Investors to demand yield well above 10%* Proceeds to help plug financing gapBy Davide ScigliuzzoLOND
[26 Mar '14]



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