Gulf Keystone Petroleum Share News (GKP)

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:

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.

UK earnings, trading statements calendar - next 7 days

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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:

Gulf Keystone fears for its future viability amid Kurdistan crude suspension

Cuts 55% expat jobs, reviewing further cuts

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