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Gulf Keystone Petroleum Share News (GKP)

Share News for Gulf Keystone Petroleum (GKP)

Share Price: 78.75Bid: 78.25Ask: 79.25Change: 3.75 (+5.00%)Riser - Gulf Keystone
Spread: 1.00Spread as %: 1.28%Open: 76.00High: 80.00Low: 75.50Yesterday’s Close: 75.00

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/

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UPDATE 2-Iraqi Kurdistan oil firms pull out staff, shares fall

(Adds Marathon Oil evacuations)By David Sheppard and Karolin SchapsLONDON, Aug 8 (Reuters) - Oil companies in Iraqi Kurdistan withdrew more staff on F
[8 Aug '14]

Britain tells citizens to leave Iraqi Kurdistan capital Arbil

LONDON, Aug 8 (Reuters) - The British government told its citizens to leave parts of Iraqi Kurdistan, including the regional capital Arbil, on Friday
[8 Aug '14]

REFILE-Militant advance disrupts oil production in Iraqi Kurdistan

(Amends sign-off, reference to Genel staff)By Karolin SchapsLONDON, Aug 8 (Reuters) - Oil companies in Iraqi Kurdistan began to withdraw more staff on
[8 Aug '14]

UPDATE 2-Afren shuts first Kurdish oilfield, shares drop

(Adds share price reactions, analyst comment)LONDON, Aug 8 (Reuters) - Oil company Afren has suspended output at its Barda Rash oilfield in Iraqi Kurd
[8 Aug '14]

Kurdistan-focused oil shares slump for second day

LONDON, Aug 8 (Reuters) - The shares of several energy companies operating in Iraqi Kurdistan fell sharply for the second consecutive day on Friday, a
[8 Aug '14]

UPDATE 4-Iraqi Kurdistan-focused oil shares hit by IS advance

* Islamic State advance raises fears for Kurdistan oil fields* DNO shares down as much as 24 percent* Gulf Keystone Petroleum down as much as 13 perce
[7 Aug '14]

CORRECTED-UPDATE 2-Iraqi Kurdistan-focused oil shares hit by IS advance

(Corrects units to barrels per day in paragraph 8)* Islamic State advance raises fears for Kurdistan oilfields* DNO Petroleum shares down as much as 2
[7 Aug '14]

BUZZ-DNO, Gulf Keystone take a hit as Kurdish ops come into focus

** DNO & Gulf Keystone down sharply, but off the day's lows, as Islamic State militants advancing into Northern Iraq brings Kurdish operations into fo
[7 Aug '14]

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