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Gulf Keystone Petroleum Share News (GKP)



Share News for Gulf Keystone Petroleum (GKP)


Share Price: 79.50Bid: 78.75Ask: 79.50Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.75Spread as %: 0.95%Open: 81.00High: 81.50Low: 78.25Yesterday’s Close: 79.50




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/

(sarah.young@thomsonreuters.com; +44 207 542 7717; Reuters Messaging: sarah.young.thomsonreuters@reuters.net)

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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]

UPDATE 1-Gulf Keystone says Iraqi Kurdistan oilfield output target on track

(Adds share movement)Nov 13 (Reuters) - Gulf Keystone Petroleum Ltd said it was on track to meet its full-year production target at Shaikan, its key o
[13 Nov '14]

Gulf Keystone on track to meet output target at Iraqi Kurdistan oilfield

Nov 13 (Reuters) - Gulf Keystone Petroleum Ltd said its key oilfield in Iraqi Kurdistan was on track to meet its production target for the year."Gulf
[13 Nov '14]

BUZZ-Norway's DNO surges after KRG says to pay oil producers

Nov 10 (Reuters) - ** Shares in Norwegian oil firm DNO jump 13.8 percent after Iraqi Kurdistan sold 34.5 million barrels of oil worth almost $3 bi
[10 Nov '14]

UPDATE 1-Iraqi Kurdistan says sold $3 bln of oil, will pay producers

(Adds detail, comment)By Sam Wilkin and David SheppardLONDON, Nov 7 (Reuters) - Iraqi Kurdistan has sold 34.5 million barrels of oil worth almost $3 b
[7 Nov '14]

UPDATE 1-Iraqi Kurdistan oil exports approach 300,000 bpd

(Adds details, quotes)By Isabel ColesARBIL, Nov 6 (Reuters) - Iraqi Kurdistan has increased its oil exports to almost 300,000 barrels per day, the sem
[6 Nov '14]

Iraqi Kurdistan oil exports approaching 300,000 bpd-Hawrami

ARBIL, Nov 6 (Reuters) - Iraqi Kurdistan has increased its oil exports to almost 300,000 barrels per day, the semi-autonomous region's natural resourc
[6 Nov '14]



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