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Gulf Keystone Petroleum Share News (GKP)

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Share News for Gulf Keystone Petroleum (GKP)


Share Price: 2.10Bid: 2.10Ask: 2.14Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.04Spread as %: 1.90%Open: 2.11High: 2.14Low: 2.09Yesterday’s Close: 2.10




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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Gulf Keystone warns of investment curbs over lack of oil payment

By Karolin SchapsLONDON, Sept 22 (Reuters) - Gulf Keystone Petroleum, an oil company focused on Iraqi Kurdistan, warned on Thursday that a lack of exp
[22 Sep '16 11:20]

Iraq blacklists tankers involved in shipping Kurdish crude

By Dmitry ZhdannikovLONDON, Aug 30 (Reuters) - Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, step
[30 Aug '16 12:06]

UPDATE 2-Iraq parliament approves cabinet overhaul, bolstering PM Abadi

(Adds U.S. reaction, context, comments on oil conflict with Kurds)By Maher ChmaytelliBAGHDAD, Aug 15 (Reuters) - Iraq's parliament approved the appoin
[15 Aug '16 14:54]

New Iraq oil minister says solution to conflict with Kurds possible

BAGHDAD, Aug 15 (Reuters) - Iraq's new oil minister Jabar Ali al-Luaibi on Monday said a solution to the Iraqi government's conflict over oil with the
[15 Aug '16 11:38]

UPDATE 1-DNO expands foothold in Kurdish oil with Gulf Keystone offer

(Adds response from Gulf Keystone, share movement)OSLO/BENGALURU, July 29 (Reuters) - Norwegian energy firm DNO ASA expanded its foothold in Iraqi Kur
[29 Jul '16 12:13]

RPT-Gulf Keystone shares spike and plunge after junk bond deal

(Repeats, without changes, story first published on Tuesday)* Traded volumes hit record high as retail investors pile in* Junk bond funds set to get l
[20 Jul '16 07:30]

Gulf Keystone shares spike and plunge after junk bond deal

* Traded volumes hit record high as retail investors pile in* Junk bond funds set to get large stake after debt swapBy Alasdair Pal and Dmitry Zhdanni
[19 Jul '16 20:24]

BUZZ-Gulf Keystone: rally continues as shorts squeezed out and retail buyers enter

** Gulf Keystone Petroleum rises 32 pct, taking two-day gains to 128 pct as a major restructure of the business continues** Distressed debt funds set
[19 Jul '16 10:04]



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