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Gulf Keystone Petroleum Share News (GKP)

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Share News for Gulf Keystone Petroleum (GKP)


Share Price: 14.75Bid: 14.50Ask: 14.75Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.25Spread as %: 1.72%Open: 14.50High: 15.50Low: 14.50Yesterday’s Close: 14.75




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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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]

Gulf Keystone receives monthly oil payment from Iraqi Kurdistan

LONDON, Dec 2 (Reuters) - Gulf Keystone Petroleum said on Wednesday it had received a gross payment of $15 million from the Kurdistan Regional Govern
[2 Dec '15 12:38]

Iraqi Kurdistan pays Gulf Keystone, pleasing producers

LONDON, Oct 15 (Reuters) - Gulf Keystone Petroleum said on Thursday it had been paid for oil exports by the government of Iraqi Kurdistan, a sign it
[15 Oct '15 12:23]

UPDATE 2-Iraqi Kurdistan says paying $75 mln to Genel, DNO, Gulf Keystone

(Adds quotes, background)By Isabel Coles and Stephen KalinERBIL, Iraq, Sept 7 (Reuters) - Iraq's Kurdistan region said on Monday it had allocated $75
[7 Sep '15 15:06]

BUZZ-Gulf Keystone: Confirms oil payments from KRG

** Oil producer's shares up 4.5 pct after confirming that the Kurdistan Regional Government authorized payment of $15 million** Rivals DNO up 2.9 pct,
[7 Sep '15 12:18]

UPDATE 1-Iraqi Kurdistan says paying $75 mln to Genel, DNO, Gulf Keystone

(Adds background, share reaction)BAGHDAD, Sept 7 (Reuters) - Iraq's Kurdistan region said on Monday it had allocated $75 million of revenue from its d
[7 Sep '15 09:07]

RPT-Iraqi Kurdistan says paying $75 mln to Genel, DNO, Gulf Keystone

(Repeats item to additional readers)BAGHDAD, Sept 7 (Reuters) - Iraq's Kurdistan region said on Monday it had allocated $75 million of revenue from it
[7 Sep '15 08:19]



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