Quintain and Keystone form joint venture for 475 Wembley homes April 14, 2014 QUINTAIN Estates has become the latest developer to move into the private rental sector after forming a joint venture yesterday to build 475 homes for rent in Wembley. The company is partnering with Swiss private equity group and family office Keystone to deliver the next 306,000 square feet phase of homes at Wembley Park, which [...]
Gulf Keystone set to move to main market March 24, 2014 OIL AND gas explorer Gulf Keystone Petroleum is set to begin trading on the main market of the London Stock Exchange tomorrow, after a tumultuous last few days on Aim due to fears of a capital shortfall. The Kurdistan-focused company warned on Thursday that it “does not have sufficient working capital” to fulfil its plans [...]
Gulf Keystone gears up for its first bond March 19, 2014 OIL AND gas explorer Gulf Keystone Petroleum yesterday said that it has asked banks to line up investors ahead of an inaugural $250m (£150m) bond issue. It has mandated Deutsche Bank and Pareto Securities to arrange a series of investor meetings in the US, Europe and Asia, from 20 March. The Aim-listed firm, which starts [...]
City Moves for 05 January 2015 | Who’s switching jobs January 4, 2015 Weightmans The law firm has announced three appointments. Douglas Keir joins as a partner, and Sarah Phillips and Julia McDonald (pictured) join as associates, in its insurance team. They collectively have 40 years’ experience in law, and arrive from Anderson Strathern Solicitors. London Capital Group The Aim-listed online trading firm has announced two appointments. Nicholas [...]
Gulf Keystone cancels Aim listing February 24, 2014 Gulf Keystone yesterday confirmed that it plans to cancel its Aim listing and simultaneously begin trading on the main market on 24 March, subject to the necessary regulatory approvals. The Kurdistan-focused oil explorer has long had main market ambitions, but its progress was held up by a long-running court dispute that recently ended over the [...]
Julian Assange’s nuggets of gold: What you can say about the world in 1,500 days January 14, 2015 It's amazing how many of the world's problems you can solve from inside the Ecuadorian embassy. Julian Assange, Wikileaks founder and one of world's favourite critics of everything, has not let a major world event pass him by without a profound piece of commentary slipping from his lips. Since he arrived at the [...]
Gulf Keystone plunges after oil reserves fall short of forecasts March 13, 2014 OIL EXPLORER Gulf Keystone Petroleum’s share price plummeted nearly 17 per cent yesterday, after an independent review of its reserves in Kurdistan massively undershot expectations. The Aim-listed company, which hopes to move to the main market on 24 March, said that reserves at the Shaikan oil field equated to 9.38bn barrels of oil, compared to [...]
Gulf Keystone steps up crude output as it exports to Turkey January 9, 2014 AIM-LISTED oil and gas explorer Gulf Keystone Petroleum (GKP) yesterday showed how much progress it has made in developing the Shaikan oil field in Kurdistan, as it steps up its crude oil exports. The firm began exporting crude oil from the Shaikan field in December. A three-year court battle over ownership of the field ended [...]
Kurdistan oil firms crash as Iraqi militants edge closer August 8, 2014 SHARES in Kurdistan-focused energy explorers plunged yesterday as Sunni Muslim jihadi group Isis edged closer to the autonomous region’s oil reserves. London-listed Gulf Keystone Petroleum and Genel Energy closed 11.4 per cent and 10.1 per cent lower respectively, after it emerged that Isis had seized at least three more towns near Kurdistan. Both companies have [...]
GKP founder leaves board July 17, 2014 GULF Keystone Petroleum’s chief executive and founder Todd Kozel has said he will step down from the board, heading off a rumoured shareholder revolt at the oil explorer’s annual meeting yesterday. The firm said that Kozel would stay on as a consultant to maintain its relationship with the Kurdistan autonomy’s government. Non-executive director Mark Hanson [...]