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Gulf Keystone Petroleum Share News (GKP)

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Share News for Gulf Keystone Petroleum (GKP)


Share Price: 4.30Bid: 4.30Ask: 4.40Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.10Spread as %: 2.33%Open: 4.60High: 4.75Low: 4.15Yesterday’s Close: 4.30




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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RPT-Gulf Keystone shares spike and plunge after junk bond deal

(Repeats, without changes, story first published on Tuesday)* Traded volumes hit record high as retail investors pile in* Junk bond funds set to get l
[20 Jul '16 07:30]

Gulf Keystone shares spike and plunge after junk bond deal

* Traded volumes hit record high as retail investors pile in* Junk bond funds set to get large stake after debt swapBy Alasdair Pal and Dmitry Zhdanni
[19 Jul '16 20:24]

BUZZ-Gulf Keystone: rally continues as shorts squeezed out and retail buyers enter

** Gulf Keystone Petroleum rises 32 pct, taking two-day gains to 128 pct as a major restructure of the business continues** Distressed debt funds set
[19 Jul '16 10:04]

UPDATE 2-Distressed funds set for big stakes in Gulf Keystone after debt swap

* GKP shares down more than 30 pct* Current shareholders see ownership diluted to 5 pct* Sothic Capital to become a main shareholder -sources* Proceed
[14 Jul '16 14:09]

UPDATE 1-Bondholders to take control of Kurdish oil firm Gulf Keystone

(Updates with details of restructuring)By Karolin Schaps and Dmitry ZhdannikovLONDON, July 14 (Reuters) - Kurdish oil producer Gulf Keystone will be t
[14 Jul '16 11:07]

BUZZ-Gulf Keystone: Co defaults on coupon payments, shares fall

** Oil producer Gulf Keystone Petroleum Ltd's shares down about 16 pct; co expects to default on bond payments as standstill agreement with notes and
[4 Jul '16 12:05]

UPDATE 1-Kurds ready for new oil deal with Baghdad if they get $1 bln a month

* Kurds willing to sell oil through Baghdad if payment guaranteed* Deal would allow increase in oil exports from northern region* Analyst says Baghdad
[15 Jun '16 15:41]

Gulf Keystone signs deal with bondholders to delay interest payments

April 29 (Reuters) - Oil producer Gulf Keystone Petroleum has reached an agreement with most of its bondholders to make use of a grace period for Apr
[29 Apr '16 09:02]



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