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Pin to quick picksGulf Keystone Petroleum Share News (GKP)

Share Price Information for Gulf Keystone Petroleum (GKP)

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Share Price: 119.80
Bid: 119.60
Ask: 120.50
Change: 0.80 (0.67%)
Spread: 0.90 (0.753%)
Open: 121.50
High: 122.10
Low: 118.20
Prev. Close: 119.00
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TRADING UPDATES: Malvern revenue jumps; Rockwood eyes Main Market

Thu, 25th Aug 2022 16:26

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Malvern International PLC - Milton Keynes, England-based English language learning and skills development company - Says "significant improvement" in student numbers and business pipeline during first half. Revenue in six months to June 30 up roughly 60% year-on-year. "The company is seeing the benefits of its strategic investment over the last two years in its brand, sales and marketing, management team, processes, partnerships, products and student offering. The board believes Malvern is in a strong position to grow its market share for the remainder of 2022 and beyond. Pre-booked and delivered revenues for H2 2022 are showing a three-fold increase on H2 2021 and are ahead of like-for-like pre-pandemic levels of H2 2019. Pre-bookings indicate that the group can expect further growth in revenues in 2023," Malvern says.

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Rockwood Strategic PLC - London-based investor in smaller UK public companies formerly known as Rockwood Realisation PLC - Plans to apply to move to Premium Segment of Main Market and cancel AIM listing. Move is part of plan to "improve the tax efficiency of the company as expediently as possible".

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Ince Group PLC - London-based law and professional services firm - Raises total of GBP9.3 million though fundraising and open offer.

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Dunedin Enterprise Investment Trust PLC - investor in UK mid-market management buyouts - Says Dunedin Buyout Fund II LP enters into deal to realise investment in RED, a provider of SAP contract and permanent staff. Investment in RED was valued at GBP23.7 million as at June 30. "Following funding and regulatory approvals being received the Board intends to announce a distribution to shareholders," company adds.

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Rural Broadband Solutions PLC - Isle of Man, UK-based broadband provider - Says Stiperstones and Woolston, both in Shropshire, are first locations for fibre-to-the-premises technology roll out. "The investment in this area of the county will also include the surrounding villages of Habberley and Cardington by the middle of September," Rural Broadband says.

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Guild Esports PLC - London-based e-sports company - Renews existing sponsorship agreement with Samsung Electronics Co, as well penning new one. "The new sponsorship deal concerns Samsung's TV/AV division and appoints it as the company's Official TV partner for the UK and Ireland for a one-year period with immediate effect. Samsung will supply Neo QLED TVs for Guild's Academy, pro-players and content streamers, along with televisions for rooms in the company's London headquarters," Guild says. An existing deal has been extended by another year. That deal was announced back in June 2021 and saw Samsung become an official display partner. "The combined value of the two deals amounts to six figures in pounds sterling, of which over 75% will be payable in GBP and the remainder as value in kind for which Samsung will be providing its state-of-the-art products," Guild adds.

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MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis company - Drawn new financing tranche worth USD750,000, part of USD10 million facility with Mercer Street Global Opportunity Fund LLC. Will issue Mercer 825,000 convertible notes, with a face value of USD1.00 each. "MGC Pharma is in the process of completing the operational commissioning phase for the facility, and will shortly commence the audit to be certified as a fully compliant EU GMP manufacturing plant for all MGC Pharma's phytomedicine products," it says.

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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Revenue in third quarter ended June 30 up 28% year-on-year at GBP36.3 million. "Genetics delivered an excellent performance with revenues 50% above Q3 FY21 driven primarily by higher sales of salmon eggs and harvest revenues. Q3 YTD FY22 revenues up 29%," Benchmark says. Says trading in line with full-year expectations. Quarterly pretax loss widens to GBP11.2 million from GBP2.7 million.

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PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Founded entity Gelesis Holdings Inc presents promising data for GS200 oral hydrogel candidate. Data finds it may improve "insulin sensitivity and favourably impact metabolic syndrome".

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Amaroq Minerals Ltd - Greenland-focused gold mining company - Net loss in first half of 2022 widens to CAD10.5 million from CAD7.9 million. "Our field season for 2022 is well underway and we are making solid progress with our drilling programmes at Nalunaq, Vagar Ridge and Sava. We expect to share the results from this programme with the market in late Q3 to Q4," Chief Executive Eldur Olafsson. The company was formerly known as AEX Gold Inc.

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Great Western Mining Corp PLC - Nevada-focused gold, silver and copper project developer - Says processing joint-venture at Mineral County, Nevada "making good progress". "A project manager has been appointed and the first stage design of a processing mill for secondary recovery of gold and silver from mining waste is now complete and will shortly be reviewed by an independent engineer prior to formal sign-off. The initial phase of the project will consist of gravity separation, followed by a contained leaching operation for tailings," Great Western says. Has completed twenty four holes drill programme and results to begin arriving in September. "The company's next phase of exploration and development will be planned around these results," Great Western adds. Says a land reclamation programme covering Rock House group, Black Mountain group and Olympic gold project completed this month.

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Zephyr Energy PLC - oil & gas exploration and development in US Rocky Mountains - Adds acreage at Paradox Basin, Utah. Says 1,920 acres added. "By adding the new acreage, the lateral for the proposed State 36-2 LNW-CC can be fully completed across a 10,000-foot lateral length, subject to final regulatory approval. This is expected to further enhance the well's forecast economics and estimated ultimate recovery," Zephyr says. Adds it is preparing for extended production testing of State 16-2 LN-CC well. "All relevant applications have been filed and orders for long lead time items have been made in anticipation of recommencement of production operations this autumn, subject to final permit approval," company says.

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Gulf Keystone Petroleum Ltd - Bermuda-based oil & gas exploration company - Says gross payment of USD56.1 million, USD43.9 million net to Gulf, made by Kurdistan Regional Government for Shaikan crude oil sales in May. Part of figure includes gross adjustment related to a backdated pipeline tariff increase for 2021.

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Beowulf Mining PLC - natural resource developer and explorer focused on the Nordic region - Heads of terms signed by Finnish subsidiary Grafintec Oy and Epsilon Advanced Materials Pvt Ltd have been terminated. Deal related to establishment of an anode materials production facility to be located in Finland. Says remains Grafintec remains in "memorandum of understanding" with Epsilon and City of Vaasa for establishment of an anode materials production facility.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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21 Mar 2024 10:10

Gulf Keystone swings to loss in 2023

(Sharecast News) - Kurdistan-focused oil group Gulf Keystone Petroleum (GKP) swung to a small loss in 2023 as the suspension of exports and continued delays to payments from the regional government had a material impact on its financial performance.

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14 Mar 2024 15:06

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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28 Feb 2024 14:28

IN BRIEF: Gulf Keystone notes sales volume up on higher market demand

Gulf Keystone Petroleum Ltd - oil and gas exploration company, which operates the Shaikan field, one of the largest developments in the Kurdistan region of Iraq - Says local sales volumes from the Shaikan field rebounded in recent weeks amid higher market demand for some refined products. Says gross sales from February 1 to February 26 averaged about 38,400 barrels of oil per day, bringing gross average sales in 2024 so far to 29,600 bopd. For 2022, it had reported a gross average output of 44,202 bopd. Further, notes easing of seasonal logistic challenges and a realised price of around USD25 per barrel. "While we expect demand in 2024 to remain variable, we see strong local market demand as we enter March and are looking to increase sales above current levels," the company says.

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5 Feb 2024 13:35

Gulf Keystone says Weatherdon retiring in June after four years as CFO

(Alliance News) - Gulf Keystone Petroleum on Monday announced the upcoming retirement of Chief Financial Officer Ian Weatherdon, who will be replaced by current Chief Commercial Officer Gabriel Papineau-Legris.

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31 Jan 2024 11:03

Gulf Keystone loses annual revenue, says Kurdistan owes USD151 million

(Alliance News) - Gulf Keystone Petroleum Ltd on Wednesday said revenue receipts plummeted in its latest "challenging year", although it is "actively working" to boost volumes.

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31 Jan 2024 07:40

Gulf Keystone production plunges on Kurdistan export suspensions

(Sharecast News) - Kurdistan-focussed energy company Gulf Keystone Petroleum said in an update on Wednesday that its gross average production for 2023 decreased to 21,891 barrels of oil per day, from 44,202 daily barrels in the prior year, due to export suspensions.

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13 Dec 2023 12:29

Gulf Keystone continues "strict cost control" as sales fluctuate

(Alliance News) - Gulf Keystone Petroleum Ltd reported a decrease in gross average oil sales over the last few months, and said "preserving liquidity" remains a high priority.

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2 Oct 2023 12:04

LONDON MARKET MIDDAY: Stocks fall after lowly PMI readings

(Alliance News) - European equities made an uncertain start to the final quarter of the year, with less-than-stellar manufacturing sector readings across the continent hurting already ropey market sentiment.

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2 Oct 2023 09:31

Turkey says Iraq oil pipeline will resume 'this week'

(Alliance News) - Turkey said Monday that an Iraqi oil pipeline that ceased operations in March because of a complex payments dispute involving the Kurdish autonomous region will resume pumping crude this week.

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25 Sep 2023 12:06

LONDON MARKET MIDDAY: Stocks red; Entain slides on revenue warning

(Alliance News) - Stock prices in London were lower at midday on Monday as investors fretted about the health of the Chinese economy and the prospect of interest rates remaining high in the US.

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25 Sep 2023 09:53

SMALL-CAP WINNERS & LOSERS: Alphawave slumps as swings to interim loss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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25 Sep 2023 09:38

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

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.

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31 Aug 2023 17:40

EARNINGS SUMMARY: Gulf Keystone swings to loss; Gulf Marine optimistic

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News:

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31 Aug 2023 11:27

Gulf Keystone fears for its future viability amid Kurdistan crude suspension

Cuts 55% expat jobs, reviewing further cuts

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