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Gulf Keystone Petroleum Ltd Share News (GKP)
Share News for Gulf Keystone Petroleum Ltd (GKP)
| Share Price: 151.75 | Bid: 152.50 | Ask: 153.00 | Change: 0.00 (0.00%) |  | ||||||
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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 conference last week it
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)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, Jan 16 (Reuters) - UK-based oil explorer Gulf Keystone told a conference 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)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 1-Gulf Keystone finds more oil in Kurdistan
LONDON, Feb 20 (Reuters) - Oil explorer Gulf Keystone said it found more oil in Kurdistan and initial production facilities for its huge Shaikan fiel[20 Feb '13]
UPDATE 1-Gulf Keystone says court judgement may not come until June
LONDON, Feb 18 (Reuters) - Oil explorer Gulf Keystone , defending its ownership of a huge oil field in Iraqi Kurdistan after it was sued, said the out[18 Feb '13]
Company suing Gulf Keystone has specialist litigant funding
LONDON, Nov 21 (Reuters) - A company suing UK-listed oil explorer Gulf Keystone Petroleum is being funded by hedge funds which specialise in lit[21 Nov '12]
Gulf Keystone resumes pumping of Iraqi Kurdish oil
ARBIL, Iraq, Nov 2 (Reuters) - UK-listed oil exploration firm Gulf Keystone has restarted production in Kurdistan, ending a half-year hiatus sin[2 Nov '12]
BRIEF-Gulf Keystone closes bond offer
LONDON, Oct 19 (Reuters) - Gulf Keystone Petroleum Ltd: * Settlement and closing of offering of USD 275 million convertible bonds due[19 Oct '12]
Gulf Keystone tells court not part of Excalibur deal
By Sarah Young LONDON, Oct 18 (Reuters) - UK-listed oil exploration firm Gulf Keystone had no collaboration agreement with Excalibur Ventur[18 Oct '12]
Excalibur tells court Gulf Keystone boss not credible
LONDON, Oct 15 (Reuters) - The chief executive of Gulf Keystone should not be considered a credible witness in a dispute over prized Kurdistan o[15 Oct '12]
Gulf Keystone in court battle over Kurdistan fields
By Sarah Young LONDON, Oct 9 (Reuters) - Gulf Keystone, one of the biggest companies listed on London's junior AIM stock market, is due to[9 Oct '12]
