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Gulf Keystone Petroleum Share News (GKP)

Share News for Gulf Keystone Petroleum (GKP)

Share Price: 53.00Bid: 53.00Ask: 53.25Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.25Spread as %: 0.47%Open: 52.25High: 55.00Low: 51.25Yesterday’s Close: 53.00

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:

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REFILE-UPDATE 1-Oil producer Gulf Keystone returns all staff to Iraqi Kurdistan

(Refiles with correct slug)LONDON, Oct 1 (Reuters) - Oil producer Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan
[1 Oct '14]

Gulf Keystone says has returned all staff to Iraqi Kurdistan

LONDON, Oct 1 (Reuters) - Oil producer Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating internatio
[1 Oct '14]

UPDATE 1-Oil workers return to Iraqi Kurdistan after UK lowers travel warning

(Adds Britain lowering travel advice, oil companies' updates)LONDON, Sept 3 (Reuters) - Britain on Wednesday lowered its travel warning for Arbil in I
[3 Sep '14]

Gulf Keystone returns foreign staff to Kurdistan this week

LONDON, Sept 3 (Reuters) - Oil producer Gulf Keystone Petroleum said on Wednesday it was returning some of its international contractors to Iraqi Kurd
[3 Sep '14]

UPDATE 1-Gulf Keystone may delay Shaikan oilfield output rise to 2015

(Adds CEO comments, details)LONDON, Aug 28 (Reuters) - Oil producer Gulf Keystone Petroleum said a production increase at its flagship Shaikan oilfiel
[28 Aug '14]

Gulf Keystone may delay Shaikan oil field ramp-up on lack of staff

LONDON, Aug 28 (Reuters) - Oil producer Gulf Keystone Petroleum said a production ramp-up at its flagship Shaikan oil field in Iraqi Kurdistan may be
[28 Aug '14]

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]

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