Gulf Keystone lifts oil estimate July 19, 2012 Gulf Keystone yesterday upgraded its oil estimates for the for the Shaikan field in the Kurdistan Region of Iraq to a mean value of 13.7bn barrels. The field has between a probable value of 12.4bn barrels to a proven value of 15bn barrels of oil-in-place, giving an average of 13.7bn, compared to the previously announced [...]
City Moves for 4 February 2013 | Who’s switching jobs February 3, 2013 Ultra Electronics The security, defence and energy company has appointed Mary Waldner as its group finance director. She is currently director, group finance at QinetiQ Group, and has previously served as group finance controller at 3i. Waldner additionally spent 10 years in senior roles at British Airways. Linklaters William Kirschner has been elected partner in [...]
Huhne admits perverting justice and kicks off by-election vote February 4, 2013 THE COALITION government faces a divisive by-election after Chris Huhne yesterday admitted perverting the course of justice and announced his resignation from parliament on the day his trial was due to begin. The former Lib Dem cabinet minister faces jail after admitting handing speeding penalty points to his then wife Vicky Pryce in 2003. The [...]
Afferro in talks with Indian energy firm January 17, 2013 AFRICAN-focused Afferro Mining yesterday confirmed it was still in active talks regarding a potential takeover offer with several buyers, including with New Delhi-based Jindal Steel and Power Limited. The AIM-listed miner said it had received approaches from a number of interested parties, but stressed that there was no certainty that an offer would be forthcoming, [...]
Gulf Keystone hails booming year as both revenues and losses soar May 28, 2012 OIL explorer Gulf Keystone yesterday said that its performance in 2012 would build on what it branded “outstanding” success last year. The company said it has been buoyed by successful operations in Kurdistan, though its shares fell 2.5 per cent yesterday after the update. Gulf Keystone said it was planning the next stage of work [...]
Gulf Keystone hails booming year as both revenues and losses soar May 28, 2012 OIL explorer Gulf Keystone yesterday said that its performance in 2012 would build on what it branded “outstanding” success last year. The company said it has been buoyed by successful operations in Kurdistan, though its shares fell 2.5 per cent yesterday after the update. Gulf Keystone said it was planning the next stage of work [...]
IMIC confirms Afferro approach January 2, 2013 BIDDING for junior stockmarket-listed Afferro Mining hotted up yesterday, as fellow AIM-listed International Mining & Infrastructure Corporation (IMIC) confirmed that it had approached the miner with regards to a possible takeover offer. IMIC has proposed an offer at between 115p and 140p for each Afferro share, which would value the iron ore miner at around [...]
Gulf Keystone hails its best well April 23, 2012 ● Gulf Keystone, which focuses on oil projects in Kurdistan, said that its Shaikan-4 well was producing 24,000 barrels of crude a day on test, making it the company’s best performing well. The company’s shares surged by more than 11 per cent after the upbeat update.
Gulf Keystone gains as Shaikan wells look set for oil production April 30, 2012 OIL explorer Gulf Keystone yesterday offered yet more data suggesting that its Shaikan wells in the Iraqi region of Kurdistan could deliver commercially viable amounts of oil. It said that its Shaikan-6 appraisal well had been drilled and that oil had been encountered at its deepest point to date. Meanwhile the Shaikan-5 site has also [...]
Gulf Keystone gains as Shaikan wells look set for oil production April 30, 2012 OIL explorer Gulf Keystone yesterday offered yet more data suggesting that its Shaikan wells in the Iraqi region of Kurdistan could deliver commercially viable amounts of oil. It said that its Shaikan-6 appraisal well had been drilled and that oil had been encountered at its deepest point to date. Meanwhile the Shaikan-5 site has also [...]