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Gulf Keystone Petroleum Share News (GKP)

Share News for Gulf Keystone Petroleum (GKP)

Share Price: 51.50Bid: 50.50Ask: 51.75Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 1.25Spread as %: 2.48%Open: 53.00High: 53.50Low: 50.00Yesterday’s Close: 51.50

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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REFILE-UPDATE 1-Oil producer Gulf Keystone returns all staff to Iraqi Kurdistan

(Refiles with correct slug)LONDON, Oct 1 (Reuters) - Oil producer Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan
[1 Oct '14]

Gulf Keystone says has returned all staff to Iraqi Kurdistan

LONDON, Oct 1 (Reuters) - Oil producer Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating internatio
[1 Oct '14]

UPDATE 1-Oil workers return to Iraqi Kurdistan after UK lowers travel warning

(Adds Britain lowering travel advice, oil companies' updates)LONDON, Sept 3 (Reuters) - Britain on Wednesday lowered its travel warning for Arbil in I
[3 Sep '14]

Gulf Keystone returns foreign staff to Kurdistan this week

LONDON, Sept 3 (Reuters) - Oil producer Gulf Keystone Petroleum said on Wednesday it was returning some of its international contractors to Iraqi Kurd
[3 Sep '14]

UPDATE 1-Gulf Keystone may delay Shaikan oilfield output rise to 2015

(Adds CEO comments, details)LONDON, Aug 28 (Reuters) - Oil producer Gulf Keystone Petroleum said a production increase at its flagship Shaikan oilfiel
[28 Aug '14]

Gulf Keystone may delay Shaikan oil field ramp-up on lack of staff

LONDON, Aug 28 (Reuters) - Oil producer Gulf Keystone Petroleum said a production ramp-up at its flagship Shaikan oil field in Iraqi Kurdistan may be
[28 Aug '14]

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]

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