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  3. Gulf Keystone Petroleum Share Price
  4. Gulf Keystone Petroleum Share News
  5. IN BRIEF: Gulf Keystone Petroleum oil sales from Shaikan field rise

Pin to quick picksGulf Keystone Petroleum Share News (GKP)

Gulf Keystone Petroleum Information

Share Price Information for Gulf Keystone Petroleum (GKP)

London Stock Exchange
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Share Price: 150.90
Bid: 150.00
Ask: 151.00
Change: 9.10 (6.42%)
Spread: 1.00 (0.667%)
Open: 145.10
High: 155.60
Low: 145.00
Prev. Close: 141.80
GKP Live PriceLast checked at -

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IN BRIEF: Gulf Keystone Petroleum oil sales from Shaikan field rise

Mon, 25th Sep 2023 09:38

Gulf Keystone Petroleum Ltd - operator of the Shaikan Field, one of the largest developments in the Kurdistan region of Iraq - Reports consistent increase in local sales from Shaikan field. Sales rise to currently 33,000 barrels of oil per day from 28,800 between September 1 and 24. They are up from 17,200 bopd in August and 4,900 bopd in July. Realised prices have continued to average around USD30 per barrel, which is in line with local pricing. "Following recent agreements with buyers, GKP has ceased trucking operations and is injecting all crude sales into the pipeline for transportation to a local refinery in Kurdistan. The company is receiving advance payments into its UK bank account for its net entitlement of 36% of gross sales revenue," Gulf Keystone says.

Current stock price: 112.40 pence, up 12% on Monday

12-month change: down 43%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Apr 2016 07:35

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12 Apr 2016 06:39

Gulf Keystone Gets Kurdistan Payment For Shaikan March Exports

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11 Apr 2016 14:18

Genel receives March payments for Taq Taq field

(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. As agreed with the KRG, sales into the local market and deliveries

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11 Apr 2016 13:34

Genel Secures Taq Taq Payment For March Which Includes Backpayment

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22 Mar 2016 11:22

Gulf Keystone Gets USD7.5 Million Shaikan Crude Payment From Kurdistan

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21 Mar 2016 18:26

Monday broker round-up

(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur

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17 Mar 2016 14:38

UPDATE: Gulf Keystone's Debt Uncertainty Casts Doubt Over Future

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17 Mar 2016 12:45

Gulf Keystone says finance deal unlikely in near term

(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. The oil producer, which focuse

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17 Mar 2016 08:23

Gulf Keystone Stays In The Red But Expects Production Rise In 2016

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17 Mar 2016 07:46

GKP says still owed $178 mln by Iraqi Kurdistan

LONDON, March 17 (Reuters) - Gulf Keystone Petroleum said on Thursday it was still owed $178 million by the Iraqi Kurdistan Regional Government for oil exports and costs related to the Shaikan oil field. The oil producer reported a 2015 loss of $135 million versus a loss of $248 million a

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10 Mar 2016 12:13

Shrinking oil reserves crimp Iraqi Kurdistan's allure

* Genel, Afren slash reserves estimates in key fields * Wells hit water, revealing complex rock geology * Kurdistan region already facing political, security turmoil By Ron Bousso LONDON, March 10 (Reuters) - A string of downgrades to Iraqi Kurdistan's oil reserves is a fr

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8 Mar 2016 08:05

Gulf Keystone Confirms Government Payment For Oil Exports Out Of Iraq

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19 Feb 2016 11:45

Iraqi Kurdistan authorises $12m Gulf Keystone payment

(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. The company said $5.8m was for oil exported in January, with $9.2m being paid towards the recovery of

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19 Feb 2016 11:23

Gulf Keystone says Iraqi Kurdistan authorises oil export payment

LONDON, Feb 19 (Reuters) - Gulf Keystone Petroleum said on Friday the Kurdistan Regional Government (KRG) had authorised a net payment of $12 million to the company for crude exports. The transaction, which is yet to complete, is part of the KRG's strategy announced this month to start pay

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19 Feb 2016 07:35

Gulf Keystone Gets Further Shaikan Crude Payment From Kurdistan

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