Share price (non)volativity.11 Mar 2026 10:08
‘2 March 2026
Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP)
(“Gulf Keystone”, “GKP”, “the Group” or “the Company”)
Update on Shaikan Field operations
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), announces that it has temporarily shut-in production operations and has taken measures to protect staff in light of the developing regional security environment. The Company’s assets have not been impacted.
The Company is closely monitoring the situation and will provide further updates as appropriate.’
At close of play on 2/3/26 GKP share price ended @ £1.95. The next night it was down to ca. £1.93.
As I write, and seven days after the shut down the s.p. is £1.97…it’s also been higher since the shut in.
So I guess I have (at least) three questions:-
1) Who’s buying the shares?;
2) Why are they buying them?;
3) What markets are participating the transactions, LSE, Oslo or both?
Nothing’s appearing on the share register which suggests the share build by whomsoever is orchestrated.
I have no answers to these questions so I throw them open to the bb participants.
But if not a drop of oil is flowing through the ITP and no indication as to when it might re-open, that is not normally a buy signal.
Maybe it’s simply an indication of pent-up demand and a belief in GKP’s future.
Am I that naive?
Love it.