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Gulf Keystone Petroleum Share News (GKP)



Share News for Gulf Keystone Petroleum (GKP)


Share Price: 80.25Bid: 80.00Ask: 80.50Change: -0.50 (-0.62%)Faller - Gulf Keystone
Spread: 0.50Spread as %: 0.63%Open: 81.00High: 81.75Low: 78.00Yesterday’s Close: 80.75




Gulf Keystone sees up to $500 mln from oil stake

Mon, 16th Jan 2012 07:34

LONDON, Jan 16 (Reuters) - UK-based oil explorer Gulf Keystone told a conf
erence last week it expected to raise $350-$500 million from the sale of its stake in a Kurdish oil block, according to an analyst's note.

John Gerstenlauer, Chief Operating Officer told a Morgan Stanley investor conference that a data room on the Akri Bijeel block is to be opened next week, and that he expected 10-12 interested parties to participate.

'Gulf Keystone estimates a sale would be finalized by April, with its interest sold for $350-$500m,' analysts at the investment bank said.

Gulf Keystone, which says it has found billions of barrels of oil at its Shaikan discovery, said in September it was seeking a buyer for its 20 percent interest in the Akri-Bijeel block to help finance development of other assets.

Hungary's MOL operates the Akri Bijeel block.



(Reporting by Tom Bergin; Editing by Erica Billingham) Keywords:

(tom.bergin@thomsonreuters.com)(+44 207 542 1029)(Reuters Messaging: tom.bergin.thomsonreuters.com@reuters.net)

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UPDATE 1-Gulf Keystone founder stands down from board

(Adds details, chairman quote)LONDON, July 17 (Reuters) - The founder of Kurdistan-focused oil company Gulf Keystone, Todd Kozel, has stepped down fro
[17 Jul '14]

Gulf Keystone names insider John Gerstenlauer as new CEO

LONDON, July 17 (Reuters) - Kurdistan-focused oil company Gulf Keystone said John Gerstenlauer would be its new chief executive, promoting him from th
[17 Jul '14]

Gulf Keystone says Todd Kozel to retire as CEO

LONDON, June 25 (Reuters) - Oil firm Gulf Keystone said Chief Executive Todd Kozel would retire next month, following a rocky period during which the
[25 Jun '14]

Fuel shortages in Iraqi Kurdistan to last at least another week

* Fuel shortages hit as insurgents press Iraqi offensive* Add to catalogue of economic woes facing Iraqi Kurds* Kurds fear shortages dent region's ima
[22 Jun '14]

Gulf Keystone says Kurdistan oil project progressing despite violence

LONDON, June 13 (Reuters) - Oil producer Gulf Keystone Petroleum said plans to increase production from its Shaikan oil field in Iraqi Kurdistan were
[13 Jun '14]

Gulf Keystone flags revenue uncertainty due to Kurdistan delay

(Adds details, quote)LONDON, May 14 (Reuters) - Oil explorer Gulf Keystone Petroleum warned on Wednesday a lag in payments for crude from its Shaikan
[14 May '14]

Gulf Keystone denies media report on plans to oust CEO

By Richa NaiduMay 1 (Reuters) - Oil explorer Gulf Keystone on Thursday denied a media report that its board and investors planned to call for the resi
[1 May '14]

Gulf Keystone to test debt investors' risk appetite

* GKP plans to raise up to US$250m through bond* Investors to demand yield well above 10%* Proceeds to help plug financing gapBy Davide ScigliuzzoLOND
[26 Mar '14]



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