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Gulf Keystone Petroleum Share News (GKP)

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Share News for Gulf Keystone Petroleum (GKP)


Share Price: 4.75Bid: 4.50Ask: 5.00Change: -0.25 (-5.00%)Faller - Gulf Keystone
Spread: 0.50Spread as %: 11.11%Open: 4.30High: 5.00Low: 4.30Yesterday’s Close: 5.00




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/

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

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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]

Gulf Keystone delays bond interest payment, shares dive

LONDON, April 14 (Reuters) - Oil producer Gulf Keystone Petroleum said on Thursday it would have to make use of a grace period for an upcoming bond in
[14 Apr '16 12:09]

GKP says still owed $178 mln by Iraqi Kurdistan

LONDON, March 17 (Reuters) - Gulf Keystone Petroleum said on Thursday it was still owed $178 million by the Iraqi Kurdistan Regional Government for o
[17 Mar '16 07:46]

Shrinking oil reserves crimp Iraqi Kurdistan's allure

* Genel, Afren slash reserves estimates in key fields* Wells hit water, revealing complex rock geology* Kurdistan region already facing political, sec
[10 Mar '16 12:13]

Gulf Keystone says Iraqi Kurdistan authorises oil export payment

LONDON, Feb 19 (Reuters) - Gulf Keystone Petroleum said on Friday the Kurdistan Regional Government (KRG) had authorised a net payment of $12 million
[19 Feb '16 11:23]

Oil firm DNO to raise investment, output at Iraqi Kurdistan field

By Stine JacobsenOSLO, Feb 11 (Reuters) - Norwegian oil firm DNO International plans to increase production at its prize Tawke oilfield in Iraq's Kurd
[11 Feb '16 12:35]

Genel says receives monthly oil payment from Iraqi Kurdistan

LONDON, Dec 14 (Reuters) - Genel Energy, an oil producer in Iraqi Kurdistan, has received a gross $16.5 million monthly payment from the Kurdistan Reg
[14 Dec '15 13:15]



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