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Gulf Keystone Petroleum Share News (GKP)



Share News for Gulf Keystone Petroleum (GKP)


Share Price: 84.75Bid: 84.50Ask: 85.50Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 1.00Spread as %: 1.18%Open: 83.75High: 89.75Low: 81.00Yesterday’s Close: 84.75




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 2-Iraqi Kurdistan oil firms pull out staff, shares fall

(Adds Marathon Oil evacuations)By David Sheppard and Karolin SchapsLONDON, Aug 8 (Reuters) - Oil companies in Iraqi Kurdistan withdrew more staff on F
[8 Aug '14]

Britain tells citizens to leave Iraqi Kurdistan capital Arbil

LONDON, Aug 8 (Reuters) - The British government told its citizens to leave parts of Iraqi Kurdistan, including the regional capital Arbil, on Friday
[8 Aug '14]

REFILE-Militant advance disrupts oil production in Iraqi Kurdistan

(Amends sign-off, reference to Genel staff)By Karolin SchapsLONDON, Aug 8 (Reuters) - Oil companies in Iraqi Kurdistan began to withdraw more staff on
[8 Aug '14]

UPDATE 2-Afren shuts first Kurdish oilfield, shares drop

(Adds share price reactions, analyst comment)LONDON, Aug 8 (Reuters) - Oil company Afren has suspended output at its Barda Rash oilfield in Iraqi Kurd
[8 Aug '14]

Kurdistan-focused oil shares slump for second day

LONDON, Aug 8 (Reuters) - The shares of several energy companies operating in Iraqi Kurdistan fell sharply for the second consecutive day on Friday, a
[8 Aug '14]

UPDATE 4-Iraqi Kurdistan-focused oil shares hit by IS advance

* Islamic State advance raises fears for Kurdistan oil fields* DNO shares down as much as 24 percent* Gulf Keystone Petroleum down as much as 13 perce
[7 Aug '14]

CORRECTED-UPDATE 2-Iraqi Kurdistan-focused oil shares hit by IS advance

(Corrects units to barrels per day in paragraph 8)* Islamic State advance raises fears for Kurdistan oilfields* DNO Petroleum shares down as much as 2
[7 Aug '14]

BUZZ-DNO, Gulf Keystone take a hit as Kurdish ops come into focus

** DNO & Gulf Keystone down sharply, but off the day's lows, as Islamic State militants advancing into Northern Iraq brings Kurdish operations into fo
[7 Aug '14]



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