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Gulf Keystone Petroleum Share News (GKP)



Share News for Gulf Keystone Petroleum (GKP)


Share Price: 65.75Bid: 65.00Ask: 66.25Change: 3.00 (+4.78%)Riser - Gulf Keystone
Spread: 1.25Spread as %: 1.92%Open: 62.50High: 67.00Low: 61.25Yesterday’s Close: 62.75




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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UPDATE 2-Iraqi Kurdistan says oil exports could total 800,000 bpd next year

* Oil minister Hawrami "hopeful" on final Baghdad deal* Exports of 800,000 bpd include Kirkuk crude, 500,000 bpd Kurdish (Adds detail on pipeline ex
[Wed 14:20]

Kurdistan sees spike in Iraqi oil sales via Turkey

LONDON, Dec 17 (Reuters) - Iraqi crude oil exports to the Turkish port of Ceyhan could reach 800,000 barrels per day (bpd) next year, Kurdistan region
[Wed 12:24]

Iraq's Kurdistan sees oil exports reaching 500,000 bpd in Q1

LONDON, Dec 17 (Reuters) - Iraq's semi-autonomous Kurdistan region will export 500,000 barrels per day (bpd) of oil by the end of the first quarter of
[Wed 10:52]

UPDATE 2-Iraqi government reaches deal with Kurds on oil, budget

(Adds context, analyst comment)By Isabel Coles and Dominic EvansARBIL/BAGHDAD, Dec 2 (Reuters) - Iraq's government reached a temporary agreement with
[2 Dec '14]

Oil firms' shares jump on Iraqi Kurdistan export deal

Dec 2 (Reuters) - Shares in Iraqi Kurdistan-focused oil producers rallied by 7 to 15 percent on Tuesday after Baghdad and the Kurdish capital Arbil re
[2 Dec '14]

UPDATE 1-Oil producers in Iraqi Kurdistan paid for exports

(Recasts to add GKP statement, adds details, background)LONDON, Dec 2 (Reuters) - Oil producers including Genel and Gulf Keystone Petroleum, have rec
[2 Dec '14]

BUZZ-Gulf Keystone: Up on Kurdistan region, Baghdad deal on oil exports

** The oil producer's shares surged as much as 11.8 pct, a day after the government of Iraq and the semi-autonomous region of Kurdistan reached a deal
[14 Nov '14]

WRAPUP 1-Oil producers in Iraqi Kurdistan expect export payments this month

(Recasts to wrap Kurdistan oil producers' results, updates share prices)LONDON, Nov 13 (Reuters) - Three of Iraqi Kurdistan's main oil producers said
[13 Nov '14]



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