(ShareCast News) - Gulf Keystone Petroleum shares could be worth buying, said the Sunday Times' Inside the City column, if shareholders vote to accept a debt restructuring deal that will leave them just 14% of the embattled oil producer. Shares in the Kurdistan-focused company last week dipped below 3p, meaning they have lost 99% of their value in around four years. Two year ago, a cash-strapped GKP's previous management team, amid boardroom battles, missed targets and shareh [17 Jul '16 12:22]
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of MPs were in favour of remaining and many have continued to speak in favour of maintaining access to the single market. - Financial Times [3 Jul '16 16:58]
(ShareCast News) - Genel Energy said on Monday that partners of the Taq Taq field have received a gross payment of $19.88m (£14m) from the Kurdistan Regional Government (KRG) for oil sales in March, with its share coming to $10.93m. [11 Apr '16 14:18]
(ShareCast News) - Gulf Keystone Petroleum was under pressure after it said the current low oil price environment and the political situation Iraq cast significant doubt on the group's ability to continue as a going concern, although it posted a narrower loss for 2015. [17 Mar '16 12:45]
(ShareCast News) - Gulf Keystone Petroleum said on Friday the Kurdistan Regional government has authorised a gross payment of $15m - $12m net - to the group for crude exports from the Shaikan field. [19 Feb '16 11:45]
(ShareCast News) - Iraq oil developer Gulf Keystone Petroleum has received a payment from the Kurdistan Regional Government for its most recent invoice, increasing hope that its considerable arrears will also be satisfied in the coming year. [2 Dec '15 12:30]
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